Adhesion Promoters Market Growing at 6.4% CAGR to 2021

Apr 19, 2016, 12:45 ET from ReportsnReports

PUNE, India, April 19, 2016 /PRNewswire/ --

The global adhesion promoter market is projected to grow from $2.51 billion in 2015 to $3.64 billion by 2021, at a CAGR of 6.4% between 2016 and 2021 driven by plastics & composites application segment that is set to rise at the highest CAGR during the forecast period and geographically, Asia-Pacific region is leading the overall market.

Complete report on global adhesion promoters market spread across 178 pages, profiling 10 companies and supported with 136 tables and 54 figures is now available at .

This growth is mainly attributed to the growing automotive sector in the Asia-Pacific region, use of adhesion promoters in composites, application of adhesion promoters in printed circuit boards, innovation of silane-based green tires, requirement of halogen-free wires, and development of multilayer packaging.

Adhesion promoters are primarily used in automotive coatings, architectural coatings, and industrial coatings. Plastics & composites and paints & coatings are two major applications of adhesion promoters. The plastics & composites application segment is expected to grow at the highest CAGR during the forecast period, owing to its increasing use in the automotive, printed circuit boards, packaging, and wires applications.

Asia-Pacific is the global leader in the consumption of adhesion promoters, and this dominance is expected to continue till 2021. China, India, and Japan, and South Korea are the key countries in this region, consuming more than 75% of the overall demand for adhesion promoters in Asia-Pacific. The Asia-Pacific adhesion promoters market is expected to grow at the highest CAGR from 2016 to 2021, owing to growth in the paints & coatings and plastics & composites applications.

In the process of determining and verifying, the adhesion promoter market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (33%), Tier 2 (33%) and Tier 3 (33%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level (17%), Director Level (33%) and others (50%) from various key organizations operating in the global adhesion promoters market. The primary interviews were conducted worldwide covering regions such as Europe (50%), North America (33%) and APAC (17%).

Further, as a part of qualitative analysis, the research provides a comprehensive review of major market drivers, restraints, opportunities, and challenges. It also discusses competitive strategies adopted by varied market 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). Order a copy of 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 research report at .

From an insight perspective, this research report has focused on various levels of analysis-industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the adhesion promoters market; high-growth regions; and market drivers, restraints, and opportunities.

On a related note, another research on High Performance Pigments Market Global Trends & Forecasts to 2021 says, the market size of HPPs, in terms of value, is projected to reach USD 5.71 billion by 2021, witnessing a CAGR of 3.81% between 2016 and 2021. Cosmetic products application projected to witness highest growth during forecast period. Asia-Pacific projected to be fastest-growing market during the forecast period. Companies like BASF SE, Clariant AG, Huntsman Corporation, Lanxess AG, Solvay SA, Atul Ltd., Sudarshan Chemical Industries Ltd, Heubach GMBH, Sun Chemical Corporation, Synthesia A.S., Ferro Corporation and Gharda Chemicals Ltd. have been profiled in this 147 pages research report available at .

Explore more reports on chemicals market at .

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