According to the global adhesion promoter market report by IMARC Group, the market reached a value of US$ 3.9 Billion in 2022, and it is projected to reach a value of US$ 5.3 Billion by 2028, exhibiting a CAGR of 5.07% during 2023-2028.
Adhesion promoters, or coupling agents, enhance adhesion between organic polymers and inorganic layers by interacting with the intersection of the two. They act chemically and physically between organic-inorganic interfaces to bond these dissimilar materials together. Adhesion promoters increase the adhesive strength between a coating and a substrate. By using these agents, physical and chemical forces are altered at the interface, and a compatibility bridge is built between them to enlarge adhesion.
Adhesion promoters can prevent the bonds from being weakened by numerous environmental factors, including heat and moisture. To improve the adhesion of inorganic substrates, such as coatings, inks, adhesives, etc., to the substrate of interest, they are used to increase the reliability of semiconductors and manufacture high-performance polymers and rubbers.
What are the key factors driving in the adhesion promoter market?
The growing demand for stronger polymers, composites and paints, and coatings in construction activities is primarily augmenting the adhesion promoter market. Furthermore, the expanding commercial real estate sector is positively influencing the global market. Apart from this, the increasing utilization of plastics in the automotive industry to foster fuel savings by downsizing the overall car weight is acting as another significant growth-inducing factor.
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Moreover, continuous innovations in advanced composites and multilayer packaging are also bolstering the market growth. Besides this, the rising need for semiconductors is further propelling the global market. Additionally, the inflating industrialization levels, easy availability of these agents across online and offline organized retail channels, and extensive investments in R&D activities conducted by key market players are expected to fuel the adhesion promoter market in the coming years.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
3M Company, Akzo Nobel N.V., Arkema S.A., Borica Co. Ltd., Eastman Chemical Company, Ems-Chemie Holding AG, Evonik Industries AG, Momentive Performance Materials Inc., Nagase America LLC (Nagase & Co. Ltd.), Nippon Paper Industries Co. Ltd., The Dow Chemical Company and Toyobo Co. Ltd.
The report has segmented the market into the following categories:
Breakup by Type:
- Maleic Anhydride
- Titanate and Zirconate
- Chlorinated Polyolefins
- Non-Chlorinated Polyolefins
Breakup by Form:
- Liquid Form
- Spray Form
Breakup by Application:
- Plastics and Composites
- Paints and Coatings
- Metal Substrate
Breakup by End Use Industry:
- Automotive and Transportation
- Electrical and Electronics
- Consumer Goods
- Asia Pacific
- North America
- Middle East and Africa
- Latin America
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
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