Plastics & Composites Segment to Register Highest Growth in the Adhesion Promoter Market

The adhesion promoters marketis growing at a moderate pace over the past five years, owing to growth in the automotive, packaging, and construction sectors. Currently, the adhesion promoters market is dominated by key players such as 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.

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New product developments/new product launches have been made in the past few years by key companies, such as Momentive Performance Materials Inc. (U.S.), Evonik Industries AG (Germany), ALTANA AG (Germany), Arkema SA (France), Dow Corning Corporation (U.S.), and E. I. du Pont de Nemours and Company (U.S.). Product innovation is the key growth strategy adopted by major players to gain competitive edge over their competitors. These developments address the future demand of adhesion promoters from the growing automotive, construction, packaging, and electronic sectors. Key players in this market are also focused on research & development activities for product innovation and have registered patents to address the increasing demand of adhesion promoters. For instance, ALTANA AG (Germany) introduced SCONA TPPP 9212 for use in the polypropylene glass fiber compounds. Momentive Performance Materials Inc. (U.S.) introduced Silquest Y-15744 silane, Silquest Y-11699 silane, and Silquest VX-225 silane. These products were developed for use in adhesives, polymers, glass, metal, and wood. Arkema SA (France) launched Orevac 18341 coupling agent for halogen-free flame retardant (HFFR) compounds used in cable applications.

The global adhesion promoter 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.

Target Audience

  • Adhesion Promoter Producers
  • Adhesion Promoter Traders, Distributors, and Suppliers
  • Manufacturers in End-Use Industries
  • Associations and Industry Bodies

On the basis of Application, the adhesion promoter market is segmented into:

  • Plastics & Composites
  • Paints & Coatings
  • Rubber
  • Adhesives
  • Metals
  • Others

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