Burgeoning Sales of Automotive Vehicles to Create Demand for Coupling Agents
New Applications in Dentistry To Boost Coupling Agents Sales to Reach US$ 812.1 Mn by 2032
Fact.MR's recent study published on the global coupling agents market provide detailed insights into prominent factors favoring the growth between 2022 and 2032. It offers a detailed quantitative and qualitative analysis on the current market trends. The survey also offers uncovers demand outlook for coupling agents in the market in terms of type and application.
NEW YORK, June 15, 2022 /PRNewswire/ -- The global coupling agents market is estimated to create an incremental opportunity of around US$ 293 Mn through 2032, projecting growth at a CAGR of 4.2% during the forecast period 2022-2032. The sales of coupling agents are expected to reach US$ 538 Mn by 2022.
In the past few years, sales of automotive vehicles is increasing across the world, favored by growing per capita income and introduction of novel automobiles with advanced technologies and features.
For instance, according to a study by the India Brand Equity Foundation (IBEF), sales of passenger cars increased to 3.08 Mn in 2021, exhibiting a growth of 26.6%, as compared to the 2.43 Mn units sold in the year 2020. Since coupling agents are extensively used in the manufacturing of various automotive components, rising sales of automobiles are expected to spur demand in the market.
As per Fact.MR, sales of coupling agents are estimated to exceed US$ 812.1 Mn by the end of 2032, in comparison to the US$ 519.4 Mn registered in 2021.
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Due to the growing introduction of novel coupling agents, they are finding new applications across dental and pharmaceutical sectors as adhesives for alterations of mechanical and chemical surfaces of dental materials. This is anticipated to create new growth prospects for the coupling agents market.
Key Takeaways:
- The U.S. is expected to account for the dominant share in the North America market, owing to the growing applications across dental and pharmaceutical sectors.
- Germany is estimated to exhibit growth at a rapid CAGR, driven by the accelerating sales of automotive vehicles in the country.
- China is projected to remain a highly lucrative coupling agents market, exhibiting growth at 4.2% CAGR during the assessment period.
- Japan and South Korea are forecast to collectively account for a significant share in the Asia Pacific market, expanding at a 4.1% CAGR between 2022 and 2032.
- In terms of application, the adhesive & sealants segment is anticipated to lead the market, projecting growth at a CAGR of 3.9% through 2032.
Growth Drivers:
- Growing use of coupling agents in the manufacturing of automotive tires, owing to their ability to increase the traction on wet or slippery surfaces and lower rolling resistance, is favoring the growth in the market.
- Surging demand for paints & coatings across construction, industrial, automotive, and others industries is estimated to augment the sales of coupling agents in the global market.
Restraints:
- Side effects associated with the inhalation of toxic volatile organic compounds such as sulfur silane, vinyl silane, and others are hindering the demand for coupling agents.
- Implementation of strict regulations by environmental protection organizations on the use of plastic is a primary factor impeding the sales of coupling agents in the market.
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Competitive Landscape:
Leading players in the global coupling agents market are emphasizing on introducing novel products to enhance their product portfolio. Also, others players are aiming at expanding their production capacity and entering into collaboration of strengthen their footprint in the market.
For instance,
- In June 2018, Evonik, a German specialty chemicals company announced the expanding its precipitated silica production capability by 40,000 metric tons in its Turkey-based facility starting from 2020. This will assist the company to expanding their revenue share across Middle East.
Key Companies Profiled by Fact.MR
- Evonik Industries,
- Shin-Etsu Chemical Co. Ltd.,
- Momentive Performance Materials Holdings LLC,
- Dowdupont,
- Wacker Chemie AG
- Gelest Inc.
- WD Silicone Company
- Jingzhou Jianghan Fine Chemical Company Limited
- Nanjing Union Silicon Chemical Co. Ltd.
- Nanjing Shuguang Chemical Group Company Limited
- China National Bluestar (Group) Co, Ltd.
More Valuable Insights on Coupling Agents Market
In its recent study, Fact.MR reveals factors influencing the growth in the global coupling agents market during the assessment period. The study also offers compelling insights into prominent drivers creating growth opportunities in the coupling agents market through detailed segmentation as follows:
By Type:
- Sulfur Silane
- Vinyl Silane
- Epoxy Silane
- Amino Silane
- Other Types
By Application:
- Rubber & Plastics
- Fiber Treatment
- Adhesive & Sealants
- Paints & Coatings
- Other Applications
By Region:
- North America
- Latin America
- Europe
- APAC
- MEA
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Key Questions Covered in the Coupling Agents Market Report
- What is the estimated revenue of the coupling agents market during the forecast period?
- Which are the challenges faced in the coupling agents market?
- Which region is estimated to exhibit fastest growth rate in the global coupling agents market during 2022-2032?
- What is the projected market valuation of the coupling agents market in 2022?
- Which are the factors driving the coupling agents during 2022-2032?
- What is the expected growth rate of the coupling agents market until 2032?
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