Crosslinking Agent Market Projected to Hit $13.61 Billion by 2022

The crosslinking agent market is projected to reach $13.61 Billion by 2022, at a CAGR of 5.3% from 2017 to 2022.
In this study, 2016 has been considered as the base year, and 2017–2022 as the forecast period for estimating the market size of crosslinking agent.
The growth of the crosslinking agent market is primarily driven by the increasing demand for water-based crosslinking agents. These crosslinking agents have low VOC emissions and are environment-friendly. They are being increasingly used in various applications such as wood coating and automotive coatings. The paints & coatings industry is considered one of the major applications for crosslinking agents in emerging as well as developed economies.

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Key manufacturers of crosslinking agent are
1. BASF SE (Germany),
2. Covestro AG (Germany),
3. Huntsman Corporation (US),
4. Evonik Industries (Germany)
These manufacturers focus on increasing their regional presence by adopting strategies such as mergers & acquisitions, expansions, and new product launches.
Based on paints & coatings application, the crosslinking agent market has been segmented into decorative coatings and industrial coatings. The industrial coating segment has the largest market share and is also the fastest-growing segment.
Key Target Audience
• Manufacturers of Crosslinking agent
• Traders, Distributors, and Suppliers of Crosslinking agent
• Regional Manufacturers' Associations for Crosslinking agent
• Government and Regional Agencies and Research Organizations
Scope of the report:
The crosslinking agent market has been classified into the following segments:
Based on Paints & Coatings Application:
• Decorative Coatings
• Industrial Coatings
Based on Chemistry:
• Amino
• Isocyanate
• Aziridine
• Carbodiimide
• Amine
• Amide
• Others

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Based on Region:
• Asia Pacific
• North America
• Europe
• Middle East & Africa
• South America
Asia Pacific is the largest market for crosslinking agent, in terms of both volume and value, followed by Europe and North America. Increasing automotive production, which is further boosting the demand for crosslinking agents in automotive coating, is driving the crosslinking agent market in the Asia Pacific region. Moreover, the government policies and continued government support towards infrastructural activities is leading to an increase in the demand for crosslinking agents such as isocyanate, amines, and amide which find their application in coatings used in construction.

In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted as follows:
 By Company Type: Tier 1 (43%), Tier 2 (43%), and Tier 3 (14%)
 By Designation: C Level (42%), D Level (29%), and Others (29%)
 By Region: North America (43%), Europe (29%), Asia Pacific (14%), Middle East & Africa (8%),and South America(6%)

Browse complete report on Crosslinking Agent Market by Chemistry (Amino, Amine, Isocyanate, Amide, Aziridine, Carbodiimide), Paints & Coating Application (Decorative, Industrial), and Region (North America, Asia Pacific, Europe, South America) - Global Forecast to 2022 with 107 pages, now available at
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Based on chemistry, the crosslinking agent market has been categorized into amino, isocyanate, aziridine, carbodiimide, amine, and amide, among others. The isocyanate crosslinking agent segment is the largest chemistry segment of the crosslinking agent market, in terms of value. Isocyanates are used in a wide range of coating applications, such as high performance, decorative, appliances, and automotive coatings [for plastic fabrication in 2 and 4 wheelers, in bumpers, and by OEM (by air drying)].
Moreover, other applications such as can/coil, heat resistant paint, powder, wood, and floor coating are also driving the demand for isocyanate crosslinking agents. The amino crosslinking agent segment is the fastest-growing chemistry segment of the crosslinking agent market, in terms of value. This growth is mainly attributed to their extensive use in industries such as automotive, packaging, metal, OEM, and industrial wood coatings. Applications such as general industrial, powder, plastic, metal, protective, and decorative coatings are further boosting its demand.

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