Global Adhesion Promoter Market Size, Share & Trends Analysis Report By Product (Silane, Maleic Anhydride, Titanate & Zirconate, Chlorinated Polyolefins, and Others), By Application, By Regional Outlook and Forecast, 2023 - 2030
The Global Adhesion Promoter Market size is expected to reach $5.2 billion by 2030, rising at a market growth of 5.3% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,542.20 Kilo tonnes, experiencing a growth of 4.1% (2019-2022).
Adhesion promoters are employed in polymer blends of plastics and composites to improve the bonding between different polymer matrices, which might otherwise exhibit poor adhesion due to differences in chemical composition. Therefore, the plastics & composites segment captured $1,200.02 million revenue in the market in 2022. Improved wetting leads to better dispersion of fillers or fibers, preventing accumulation and ensuring uniform distribution. This, in turn, contributes to improved mechanical properties and a more homogenous composite structure. Adhesion promoters are crucial in preventing delamination, a common issue in composite structures where layers of the material may separate.
As electronic gadgets become smaller and more compact, manufacturers often use various materials with different properties. Adhesion promoters can be essential in achieving strong bonds between dissimilar materials, contributing to these miniaturized electronic components' overall reliability and performance. Developing new substrates and materials in electronics, such as flexible substrates, advanced polymers, and composite materials, may require specific products to ensure optimal bonding. The market for this may see growth as manufacturers adopt these novel materials in their designs. Additionally, as industries become more aware of the benefits of high-performance coatings in terms of corrosion protection, aesthetics, and overall durability, the demand for complementary products is likely to grow. This is especially true in sectors where coated surfaces are critical for the functionality and safety of products. Adhesion promoters become essential in these sectors, where coatings must adhere securely to substrates for protection against corrosion, extreme temperatures, and other environmental stresses. Thus, the abovementioned factors will drive the market growth in the coming years.
However, Manufacturers facing high production costs may find it challenging to price their products competitively in the industry. The competing products are available at lower prices, it can lead to a defeat of market share and reduced profitability. High manufacturing costs can restrict the accessibility of this to certain market segments or industries. Small and medium-sized enterprises, in particular, maybe more price-sensitive and could be deterred from adopting it. The cost of raw materials, such as chemicals and compounds used in their formulations, can significantly impact manufacturing costs. Dependency on specific raw materials may expose manufacturers to price volatility in commodity markets. While this might help alleviate manufacturing costs, it can also pose quality control, logistics, and intellectual property protection challenges. Due to the above factors, market growth will be hampered in the coming years.
By Product Analysis
On the basis of the product, the market is segmented into silane, maleic anhydride, chlorinated polyolefins, titanate & zirconate, and others. The maleic anhydride segment acquired a substantial revenue share in the market in 2022. Maleic anhydride is utilized as an adhesion promoter in various industries, including the production of composite materials. It enhances the adhesion between dissimilar materials, improving the overall stability and durability of the composite. Maleic anhydride derivatives are employed as corrosion inhibitors. They create a protective coating on metal surfaces, inhibiting corrosion and extending the lifespan of materials in corrosive environments. Maleic anhydride is used as a surface-sizing agent in the paper industry. It improves the surface properties of paper, enhancing its printability, smoothness, and resistance to water penetration.
By Application Analysis
Based on application, the market is fragmented into plastics & composites, paints & coatings, rubber, adhesives, metals, and others. The rubber segment projected a prominent revenue share in the market in 2022. Adhesion promoters are used to manufacture industrial rubber products, including conveyor belts, rollers, and hoses. They enhance the bonding between rubber compounds and reinforcement materials, improving industrial rubber products' overall strength, wear resistance, and longevity. Adhesion promoters find applications in the footwear industry, especially in bonding rubber outsoles to shoe uppers. Enhanced adhesion ensures a durable and reliable bond, contributing to footwear products' overall quality and longevity.
By Regional Analysis
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America region recorded a remarkable revenue share in the market in 2022. The automotive industry is a significant consumer of this, using them to manufacture vehicles for bonding various components. Increasing demand for lightweight materials, advanced composites, and electric vehicles has driven the need for effective products. Ongoing research and development activities in the region drive innovation in their formulations and applications. Companies are investing in developing advanced products that meet the evolving needs of industries, including those requiring customized or eco-friendly solutions.
List of Key Companies Profiled
- 3M Company
- Arkema S.A.
- Momentive Performance Materials, Inc. (Hexion, Inc.)
- Eastman Chemical Company
- Akzo Nobel N.V.
- The Dow Chemical Company
- DuPont de Nemours, Inc.
- Air Products and Chemicals, Inc.
- BASF SE
- Evonik Industries AG (RAG-Stiftung)
By Product (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Silane
- Maleic Anhydride
- Titanate & Zirconate
- Chlorinated Polyolefins
- Others
- Plastics & Composites
- Paints & Coatings
- Adhesives
- Rubber
- Metals
- Others
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Global Adhesion Promoter Market, by Product
- 1.4.2 Global Adhesion Promoter Market, by Application
- 1.4.3 Global Adhesion Promoter Market, by Geography
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter’s Five Forces Analysis
- Chapter 4. Global Adhesion Promoter Market, by Product
- 4.1 Global Silane Market, by Region
- 4.2 Global Maleic Anhydride Market, by Region
- 4.3 Global Titanate & Zirconate Market, by Region
- 4.4 Global Chlorinated Polyolefins Market, by Region
- 4.5 Global Others Market, by Region
- Chapter 5. Global Adhesion Promoter Market, by Application
- 5.1 Global Plastics & Composites Market, by Region
- 5.2 Global Paints & Coatings Market, by Region
- 5.3 Global Adhesives Market, by Region
- 5.4 Global Rubber Market, by Region
- 5.5 Global Metals Market, by Region
- 5.6 Global Others Market, by Region
- Chapter 6. Global Adhesion Promoter Market, by Region
- 6.1 North America Adhesion Promoter Market
- 6.1.1 North America Adhesion Promoter Market, by Product
- 6.1.1.1 North America Silane Market, by Country
- 6.1.1.2 North America Maleic Anhydride Market, by Country
- 6.1.1.3 North America Titanate & Zirconate Market, by Country
- 6.1.1.4 North America Chlorinated Polyolefins Market, by Country
- 6.1.1.5 North America Others Market, by Country
- 6.1.2 North America Adhesion Promoter Market, by Application
- 6.1.2.1 North America Plastics & Composites Market, by Country
- 6.1.2.2 North America Paints & Coatings Market, by Country
- 6.1.2.3 North America Adhesives Market, by Country
- 6.1.2.4 North America Rubber Market, by Country
- 6.1.2.5 North America Metals Market, by Country
- 6.1.2.6 North America Others Market, by Country
- 6.1.3 North America Adhesion Promoter Market, by Country
- 6.1.3.1 US Adhesion Promoter Market
- 6.1.3.1.1 US Adhesion Promoter Market, by Product
- 6.1.3.1.2 US Adhesion Promoter Market, by Application
- 6.1.3.2 Canada Adhesion Promoter Market
- 6.1.3.2.1 Canada Adhesion Promoter Market, by Product
- 6.1.3.2.2 Canada Adhesion Promoter Market, by Application
- 6.1.3.3 Mexico Adhesion Promoter Market
- 6.1.3.3.1 Mexico Adhesion Promoter Market, by Product
- 6.1.3.3.2 Mexico Adhesion Promoter Market, by Application
- 6.1.3.4 Rest of North America Adhesion Promoter Market
- 6.1.3.4.1 Rest of North America Adhesion Promoter Market, by Product
- 6.1.3.4.2 Rest of North America Adhesion Promoter Market, by Application
- 6.2 Europe Adhesion Promoter Market
- 6.2.1 Europe Adhesion Promoter Market, by Product
- 6.2.1.1 Europe Silane Market, by Country
- 6.2.1.2 Europe Maleic Anhydride Market, by Country
- 6.2.1.3 Europe Titanate & Zirconate Market, by Country
- 6.2.1.4 Europe Chlorinated Polyolefins Market, by Country
- 6.2.1.5 Europe Others Market, by Country
- 6.2.2 Europe Adhesion Promoter Market, by Application
- 6.2.2.1 Europe Plastics & Composites Market, by Country
- 6.2.2.2 Europe Paints & Coatings Market, by Country
- 6.2.2.3 Europe Adhesives Market, by Country
- 6.2.2.4 Europe Rubber Market, by Country
- 6.2.2.5 Europe Metals Market, by Country
- 6.2.2.6 Europe Others Market, by Country
- 6.2.3 Europe Adhesion Promoter Market, by Country
- 6.2.3.1 Germany Adhesion Promoter Market
- 6.2.3.1.1 Germany Adhesion Promoter Market, by Product
- 6.2.3.1.2 Germany Adhesion Promoter Market, by Application
- 6.2.3.2 UK Adhesion Promoter Market
- 6.2.3.2.1 UK Adhesion Promoter Market, by Product
- 6.2.3.2.2 UK Adhesion Promoter Market, by Application
- 6.2.3.3 France Adhesion Promoter Market
- 6.2.3.3.1 France Adhesion Promoter Market, by Product
- 6.2.3.3.2 France Adhesion Promoter Market, by Application
- 6.2.3.4 Russia Adhesion Promoter Market
- 6.2.3.4.1 Russia Adhesion Promoter Market, by Product
- 6.2.3.4.2 Russia Adhesion Promoter Market, by Application
- 6.2.3.5 Spain Adhesion Promoter Market
- 6.2.3.5.1 Spain Adhesion Promoter Market, by Product
- 6.2.3.5.2 Spain Adhesion Promoter Market, by Application
- 6.2.3.6 Italy Adhesion Promoter Market
- 6.2.3.6.1 Italy Adhesion Promoter Market, by Product
- 6.2.3.6.2 Italy Adhesion Promoter Market, by Application
- 6.2.3.7 Rest of Europe Adhesion Promoter Market
- 6.2.3.7.1 Rest of Europe Adhesion Promoter Market, by Product
- 6.2.3.7.2 Rest of Europe Adhesion Promoter Market, by Application
- 6.3 Asia Pacific Adhesion Promoter Market
- 6.3.1 Asia Pacific Adhesion Promoter Market, by Product
- 6.3.1.1 Asia Pacific Silane Market, by Country
- 6.3.1.2 Asia Pacific Maleic Anhydride Market, by Country
- 6.3.1.3 Asia Pacific Titanate & Zirconate Market, by Country
- 6.3.1.4 Asia Pacific Chlorinated Polyolefins Market, by Country
- 6.3.1.5 Asia Pacific Others Market, by Country
- 6.3.2 Asia Pacific Adhesion Promoter Market, by Application
- 6.3.2.1 Asia Pacific Plastics & Composites Market, by Country
- 6.3.2.2 Asia Pacific Paints & Coatings Market, by Country
- 6.3.2.3 Asia Pacific Adhesives Market, by Country
- 6.3.2.4 Asia Pacific Rubber Market, by Country
- 6.3.2.5 Asia Pacific Metals Market, by Country
- 6.3.2.6 Asia Pacific Others Market, by Country
- 6.3.3 Asia Pacific Adhesion Promoter Market, by Country
- 6.3.3.1 China Adhesion Promoter Market
- 6.3.3.1.1 China Adhesion Promoter Market, by Product
- 6.3.3.1.2 China Adhesion Promoter Market, by Application
- 6.3.3.2 Japan Adhesion Promoter Market
- 6.3.3.2.1 Japan Adhesion Promoter Market, by Product
- 6.3.3.2.2 Japan Adhesion Promoter Market, by Application
- 6.3.3.3 India Adhesion Promoter Market
- 6.3.3.3.1 India Adhesion Promoter Market, by Product
- 6.3.3.3.2 India Adhesion Promoter Market, by Application
- 6.3.3.4 South Korea Adhesion Promoter Market
- 6.3.3.4.1 South Korea Adhesion Promoter Market, by Product
- 6.3.3.4.2 South Korea Adhesion Promoter Market, by Application
- 6.3.3.5 Singapore Adhesion Promoter Market
- 6.3.3.5.1 Singapore Adhesion Promoter Market, by Product
- 6.3.3.5.2 Singapore Adhesion Promoter Market, by Application
- 6.3.3.6 Malaysia Adhesion Promoter Market
- 6.3.3.6.1 Malaysia Adhesion Promoter Market, by Product
- 6.3.3.6.2 Malaysia Adhesion Promoter Market, by Application
- 6.3.3.7 Rest of Asia Pacific Adhesion Promoter Market
- 6.3.3.7.1 Rest of Asia Pacific Adhesion Promoter Market, by Product
- 6.3.3.7.2 Rest of Asia Pacific Adhesion Promoter Market, by Application
- 6.4 LAMEA Adhesion Promoter Market
- 6.4.1 LAMEA Adhesion Promoter Market, by Product
- 6.4.1.1 LAMEA Silane Market, by Country
- 6.4.1.2 LAMEA Maleic Anhydride Market, by Country
- 6.4.1.3 LAMEA Titanate & Zirconate Market, by Country
- 6.4.1.4 LAMEA Chlorinated Polyolefins Market, by Country
- 6.4.1.5 LAMEA Others Market, by Country
- 6.4.2 LAMEA Adhesion Promoter Market, by Application
- 6.4.2.1 LAMEA Plastics & Composites Market, by Country
- 6.4.2.2 LAMEA Paints & Coatings Market, by Country
- 6.4.2.3 LAMEA Adhesives Market, by Country
- 6.4.2.4 LAMEA Rubber Market, by Country
- 6.4.2.5 LAMEA Metals Market, by Country
- 6.4.2.6 LAMEA Others Market, by Country
- 6.4.3 LAMEA Adhesion Promoter Market, by Country
- 6.4.3.1 Brazil Adhesion Promoter Market
- 6.4.3.1.1 Brazil Adhesion Promoter Market, by Product
- 6.4.3.1.2 Brazil Adhesion Promoter Market, by Application
- 6.4.3.2 Argentina Adhesion Promoter Market
- 6.4.3.2.1 Argentina Adhesion Promoter Market, by Product
- 6.4.3.2.2 Argentina Adhesion Promoter Market, by Application
- 6.4.3.3 UAE Adhesion Promoter Market
- 6.4.3.3.1 UAE Adhesion Promoter Market, by Product
- 6.4.3.3.2 UAE Adhesion Promoter Market, by Application
- 6.4.3.4 Saudi Arabia Adhesion Promoter Market
- 6.4.3.4.1 Saudi Arabia Adhesion Promoter Market, by Product
- 6.4.3.4.2 Saudi Arabia Adhesion Promoter Market, by Application
- 6.4.3.5 South Africa Adhesion Promoter Market
- 6.4.3.5.1 South Africa Adhesion Promoter Market, by Product
- 6.4.3.5.2 South Africa Adhesion Promoter Market, by Application
- 6.4.3.6 Nigeria Adhesion Promoter Market
- 6.4.3.6.1 Nigeria Adhesion Promoter Market, by Product
- 6.4.3.6.2 Nigeria Adhesion Promoter Market, by Application
- 6.4.3.7 Rest of LAMEA Adhesion Promoter Market
- 6.4.3.7.1 Rest of LAMEA Adhesion Promoter Market, by Product
- 6.4.3.7.2 Rest of LAMEA Adhesion Promoter Market, by Application
- Chapter 7. Company Profiles
- 7.1 3M Company
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
- 7.1.4 Research & Development Expense
- 7.1.5 SWOT Analysis
- 7.2 Arkema S.A.
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Segmental and Regional Analysis
- 7.2.4 SWOT Analysis
- 7.3 Momentive Performance Materials, Inc. (Hexion, Inc.)
- 7.3.1 Company Overview
- 7.3.2 SWOT Analysis
- 7.4 Eastman Chemical Company
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Segmental and Regional Analysis
- 7.4.4 Research & Development Expense
- 7.4.5 Recent strategies and developments:
- 7.4.5.1 Product Launches and Product Expansions:
- 7.4.6 SWOT Analysis
- 7.5 Akzo Nobel N.V.
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Segmental and Regional Analysis
- 7.5.4 SWOT Analysis
- 7.6 The Dow Chemical Company
- 7.6.1 Company Overview
- 7.6.2 Financial Analysis
- 7.6.3 Segmental and Regional Analysis
- 7.6.4 Research & Development Expenses
- 7.6.5 SWOT Analysis
- 7.7 DuPont de Nemours, Inc.
- 7.7.1 Company Overview
- 7.7.2 Financial Analysis
- 7.7.3 Segmental and Regional Analysis
- 7.7.4 Research & Development Expense
- 7.7.5 SWOT Analysis
- 7.8 Air Products and Chemicals, Inc.
- 7.8.1 Company Overview
- 7.8.2 Financial Analysis
- 7.8.3 Regional Analysis
- 7.8.4 Research & Development Expenses
- 7.8.5 SWOT Analysis
- 7.9 BASF SE
- 7.9.1 Company Overview
- 7.9.2 Financial Analysis
- 7.9.3 Segmental and Regional Analysis
- 7.9.4 Research & Development Expense
- 7.9.5 SWOT Analysis
- 7.10. Evonik Industries AG (RAG-Stiftung)
- 7.10.1 Company Overview
- 7.10.2 Financial Analysis
- 7.10.3 Segmental and Regional Analysis
- 7.10.4 Research & Development Expenses
- 7.10.5 Recent strategies and developments:
- 7.10.5.1 Product Launches and Product Expansions:
- 7.10.6 SWOT Analysis
- Chapter 8. Winning Imperatives of Adhesion Promoter Market
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