The market for adhesion promoters is essentially driven by technology upgrades, increased consumer engagement and demand for safe and intelligent packaging, with global companies executing various unique designs on their product’s outer shell as a marketing and promotion strategy . This increases the demand for adhesion promoters and is expected to continue at high growth during the projected period.
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Segmentation Analysis of Adhesion Promoters Market
The global adhesion promoters market is bifurcated into four major segments: material, type, end use, application and region.
On the basis of type, adhesion promoters market has been segmented as follows:
- Synthetic Rubber
- Maleic anhydride
- Titanate & Zirconate
- Chlorinated polyolefins
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Based on the type addition promoters in the form of synthetic rubber and silane used in many industries, synthetic rubber is an elastic hydrocarbon polymer, it can be obtained using various chemical formulas. So it helps to form a bond between the surface and the material. Silane has been used as a surface treatment agent for decades due to its special structural structure.
On the basis of Application, Adhesion Promoters Market has been segmented as follows:
- Paints & Coatings
- Plastics & Composite Materials
Promoters are applied to the paint and coating verticals, depending on the application edition, where it is used on older painting, coverings and coating packages, coating plastic materials. Adhesion promoters are also used on metal-based materials such as box metallic covers while printing the logs or designs of any brand. They are used for marketing and promotion activities.
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.On the basis of geographic regions, Adhesion Promoters Market is segmented as follows:
- North America
- Latin America
- East Asia
- South Asia and Oceania
- Middle East & Africa
Adhesion Promoters Market: Regional Outlook
On the basis of regional segmentation, the “Adhesion Promoters Market” report takes into account six major regions including North America, Europe, Latin America, East Asia, South Asia and Oceania, and the Middle East and Africa. Asia-Pacific holds the highest share in the global adhesion promoters market and is expected to continue dominating until 2021. Adhesion promoters are India, China, Japan and South Korea as the main countries of the Asia Pacific region, consuming more than 75% of the total demand. This growth factor increases the demand for adhesion promoters in paint and coating, plastic and composite applications. In the adhesion promoters market, many market players globally are setting up their manufacturing plants in the Asia-Pacific region due to easy availability of raw materials and labor.
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Adhesion Promoters Market: Key Players
Many global players in the global adhesion promoters market have been studied based on their company profile, product details, price, cost and capital. Market competitors of this industry who contributes a large amount in this market are BASF SE, 3M, Dow Corning Corporation, E.I. duPont de Nemours and Company, Evonik Industries AG, AkzoNobel N.V., Arkema Group, Eastman Chemical Company, Momentive Performance Materials Inc., Selmex industries, Ellsworth Adhesions Converters Inc. and others
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