Press release
Global Adhesion Promoter Market Worth USD 3.24 Billion by 2022, Key Companies-Eastman Chemical Company, Momentive Performance Materials Inc., BASF SE, DOW Corning Corporation.
Global Adhesion Promoter Market
Adhesion promoters are substances that are applied to the substrate material to increase the adhesion capabilities of an adhesive or sealant. Conventional adhesion promoters are based on silanes and act as additives in adhesives and sealants. With respect to the effectiveness of the final application of adhesive products in different types of coatings and plastic applications, the physical state of the interfaces is a determining factor that determines the efficiency. In other cases, when solids and liquids or different types of solid materials come into contact, interfaces are created. This is true when an adhesive coating with adhesive promoters is added to a substrate and when fillers with reinforcing materials are incorporated into a plastic composite. In such cases, the molecular and physical forces determine the strength of the link between the two phases.
Global Adhesion Promoter Market Size Analysis:
The global adhesion promoter market was valued at USD 2.21 Billion in 2017, and is projected to reach USD 3.24 Billion by 2022, at a CAGR of 5.4% between 2017 and 2022
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Global Adhesion Promoter Market Drivers and Restraints:
The main factors underlying the adhesion promoter market include the increased demand in the automotive industry and the increased use of adhesion promoters in composite materials. It is expected that the demand will increase due to new applications, such as printed circuit boards. This encourages companies to develop the production of adhesion promoters. In addition, it is expected that the ready availability of raw materials will increase the demand of adhesion promoters in the near future. The global market of adhesion promoters is witnessing technological advances. Companies constantly strive to develop new and better supporters of membership. The development of new manufacturing processes and adhesion promoter applications should boost the market of the adhesion promoter. However, it is expected that environmental concerns related to some access promoters will hamper the global market for adhesion promoters.
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Global Adhesion Promoter Market Geographical Segmentation:
From geographical point of view, the Market of Accession Promoters can be separated into North America, Latin America, Asia-Pacific, Europe, and the Middle East and Africa. North America is expected to be a key part of the market during the forecast period. The Asia-Pacific region is considered a region of rapid growth in the Accession Promoter market due to the growing demand of the region's automotive industry. The Middle East and Africa are expected to be an attractive region for the Access Promoter market during the forecast period due to increased demand from the packaging industry in the region.
Key Companies Listed in Global Adhesion Promoter Market Report are:
Eastman Chemical Company, Momentive Performance Materials Inc., BASF SE, DOW Corning Corporation, and Arkema SA are the major players of the market.
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