The report "Adhesion Promoter Market by Type (Silane, Maleic Anhydride, Chlorinated Polyolefins, Titanate & Zirconate, Others), Application (Plastics & Composites, Paints & Coatings, Rubber, Adhesives, Metals, Others), Region - Global Forecast to 2021", The global adhesion promoters market was valued at USD 2.51 Billion in 2015, and is projected to reach USD 3.64 Billion by 2021, at a CAGR of 6.4% between 2016 and 2021.
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The adhesion promoter market has a diversified ecosystem of upstream players, including raw material suppliers, along with downstream stakeholders, vendors, end users, and government organizations. Key players in this market include Momentive Performance Materials Inc. (U.S.), Eastman Chemical Company (U.S.), Dow Corning Corporation (U.S.), BASF SE (Germany), Arkema SA (France), Evonik Industries AG (Germany), ALTANA AG (Germany), Air Products and Chemicals, Inc. (U.S.), E. I. du Pont de Nemours and Company (U.S.), and AkzoNobel NV (Netherlands), among others. The government and research organizations, raw material suppliers and distributors, construction companies, and industry associations are considered as critical stakeholders in this study.
On the basis of Application, the adhesion promoter market is segmented into:
- Plastics & Composites
- Paints & Coatings
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Plastics & composites is the largest application segment in the adhesion promoter market
Among all applications, the plastics & composites segment held the largest share in the adhesion promoters market. This application segment is projected to grow at the highest CAGR between 2016 and 2021. This growth is mainly attributed to the increasing demand of adhesion promoters in the automotive, packaging, and wire & cable end-use industries.
Silane is the largest type segment in the adhesion promoter market
The silane type segment held the largest share in the adhesion promoters market. This large share is primarily due to growth in the paints & coatings and rubber applications.