The global Cross Linking Agents market is projected to reach USD 13.6 billion by 2028, at a CAGR of 6.5% from USD 9.9 billion in 2023. Rising demand of high-performance materials in industrial coatings to drive the need for enhanced polymer properties through cross-linking. Additionally, the growing focus on sustainability and eco-friendly solutions is leading to the development of novel cross-linking agents that offer reduced environmental impact. Furthermore, advancements in technology and research are enabling the creation of new cross-linking agents with improved efficiency, versatility, and compatibility with different polymer systems, opening up further avenues for market expansion
"Amino accounted for the largest share in the chemistry segment of Cross Linking Agents market in terms of value."
Amino compounds, such as amino resins and amino silanes, exhibit excellent cross-linking capabilities and compatibility with a wide range of polymers. They form strong and stable bonds with polymer chains, resulting in improved mechanical properties and thermal stability of the materials. Additionally, amino compounds offer excellent adhesion properties, making them suitable for applications in coatings, adhesives, and sealants. Moreover, the versatility of amino compounds allows them to be used in various industries, including automotive, construction, and electronics, further contributing to their dominant position in the cross linking agent market's chemistry segment.
"Decorative accounted for the largest share in the application segment of Cross Linking Agents market, in terms of value."
Cross linking agents play a crucial role in enhancing the performance and durability of decorative coatings, such as paints, varnishes, and lacquers. They improve the resistance of coatings to abrasion, chemicals, and weathering, leading to long-lasting and vibrant finishes. The demand for aesthetically appealing and visually appealing decorative coatings is consistently high in industries such as architecture, interior design, and automotive. Cross-linking agents help achieve these desired properties by improving the adhesion, hardness, and gloss of the coatings. Moreover, advancements in cross-linking agent technologies have enabled the development of low-VOC (volatile organic compound) and environmentally friendly formulations, which align with the growing preference for sustainable and eco-friendly decorative coatings. These factors collectively contribute to the decorative segment's dominant position in the cross-linking agents market's application segment.
"Asia -Pacific is the largest market for Cross Linking Agents"
The region's rapid industrialization and urbanization have fueled the demand for cross-linking agents in various industries, including automotive, construction, electronics, and packaging. The presence of a large manufacturing base in countries like China, India, and Japan has created a significant market for cross-linking agents to enhance the performance and durability of materials. Additionally, the region's growing population and rising disposable income levels have led to increased consumer spending on products that utilize cross-linked materials, such as automobiles, electronics, and furniture. Furthermore, the supportive government policies, investments in research and development, and advancements in manufacturing capabilities in the Asia Pacific region have further propelled the market's growth, making it the largest market for cross-linking agents.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the Cross Linking Agents market, and information was gathered from secondary research to determine and verify the market size of several segments.
By Company Type: Tier 1 - 35%, Tier 2 - 45%, and Tier 3 - 20%
By Designation: C Level Executives- 35%, Directors - 25%, and Others - 40%
By Region: APAC - 40%, Europe - 20%, North America - 30%, the Middle East & Africa -5%, and South America- 5%
The Cross Linking Agents market comprises major players such as BASF SE (Germany), Covestro AG (Germany), Allnex Group (Germany), Evonik Industries (Germany), Hunstman Corporation (US), Aditya Birla Corporation (India), Wanhua Chemicals Group Co. Ltd (China), The Dow Chemical Company (US), DSM Coatings Resins (China), and Ineos (UK), and others. The study includes in-depth competitive analysis of these key players in the Cross Linking Agents market, with their company profiles, recent developments, and key market strategies.
Research Coverage
This report segments the market for Cross Linking Agents market on the basis of chemistry, application, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and mergers & acquisition associated with the market for Cross Linking Agents market.
Key benefits of buying this report
This research report is focused on various levels of analysis - industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the Cross Linking Agents market; high-growth regions; and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on Cross Linking Agents market offered by top players in the global Cross Linking Agents market.
Analysis of drivers: ( Increasing demand of cross linking agents for water based coatings, rising industrial and automotive sectors are driving the demand for cross linking agents in Asia Pacific, rapidly growing powder coatings application), restraints (Non-recyclable property and high price of cross linking agents, presence of self-cross linking agents), opportunities (Development of sustainable products, rising demand for eco-friendly cross linking agents), and challenges (Stringent government regulations) influencing the growth of cross linking agents market.
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the Cross Linking Agents market.
Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the markets for Cross Linking Agents market across regions.
Market Capacity: Production capacities of companies producing Cross Linking Agents are provided wherever available with upcoming capacities for the Cross Linking Agents market.
Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the Cross Linking Agents market
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 MARKET SCOPE
FIGURE 1 CROSSLINKING AGENTS: MARKET SEGMENTATION
1.3.1 YEARS CONSIDERED
1.3.2 REGIONS COVERED
1.4 CURRENCY CONSIDERED
1.5 UNIT CONSIDERED
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 CROSSLINKING AGENTS MARKET: RESEARCH DESIGN
TABLE 5 PROJECTED REAL GDP GROWTH (ANNUAL PERCENTAGE CHANGE), BY KEY COUNTRY, 2018-2025
5.10 TARIFF AND REGULATORY LANDSCAPE
5.10.1 NORTH AMERICA
5.10.2 EUROPE
5.10.3 ASIA PACIFIC
5.11 RAW MATERIAL ANALYSIS
5.11.1 EPOXY RESINS
5.11.2 ISOCYANATES
5.11.3 AMINES
5.11.4 PEROXIDES
5.11.5 SILANES
5.12 CASE STUDY ANALYSIS
5.12.1 COVESTRO AG'S DESMODUR CROSSLINKERS TO IMPROVE INDUSTRIAL HYGIENE AND TO COMPLY WITH PROPOSED EU LEGISLATIONS.
5.12.2 COVESTRO AG OFFERS IMPRAFIX ISOCYANATE CROSSLINKERS AND ADDITIVES TO INCREASE MECHANICAL PROPERTIES, CHEMICAL RESISTANCE, AND SUSTAINABILITY OF POLYURETHANE-BASED TEXTILE COATINGS
5.13 PRICING ANALYSIS
TABLE 6 AVERAGE SELLING PRICE, BY REGION (USD/KG)
TABLE 7 AVERAGE SELLING PRICE, BY PLAYER (USD/KG)
5.14 PATENT ANALYSIS
5.14.1 METHODOLOGY
5.14.2 PATENTS GRANTED WORLDWIDE, 2012-2022
TABLE 8 TOTAL NUMBER OF PATENTS
5.14.3 PATENT PUBLICATION TRENDS
FIGURE 18 TOTAL NUMBER OF PATENTS DURING LAST 10 YEARS
5.14.4 INSIGHTS
5.14.5 LEGAL STATUS OF PATENTS
FIGURE 19 PATENT ANALYSIS, BY LEGAL STATUS
5.14.6 JURISDICTION-WISE PATENT ANALYSIS
FIGURE 20 TOP JURISDICTIONS FOR CROSSLINKING AGENTS PATENTS
5.14.7 TOP COMPANIES/APPLICANTS
FIGURE 21 TOP 10 COMPANIES/APPLICANTS WITH HIGHEST NUMBER OF PATENTS
5.14.8 TOP 10 PATENT OWNERS (US) IN LAST 10 YEARS
TABLE 9 TOP TEN PATENT OWNERS
6 CROSSLINKING AGENTS MARKET, BY CHEMISTRY
6.1 INTRODUCTION
FIGURE 22 ISOCYANATE TO BE LARGEST MARKET DURING FORECAST PERIOD
TABLE 10 CROSSLINKING AGENTS MARKET, BY CHEMISTRY, 2019-2022 (KILOTON)
TABLE 11 CROSSLINKING AGENTS MARKET, BY CHEMISTRY, 2023-2028 (KILOTON)
TABLE 12 CROSSLINKING AGENTS MARKET, BY CHEMISTRY, 2019-2022 (USD MILLION)
TABLE 13 CROSSLINKING AGENTS MARKET, BY CHEMISTRY, 2023-2028 (USD MILLION)
6.2 AMINO
6.2.1 APPLICATIONS IN AUTOMOTIVE & INDUSTRIAL WOOD TO DRIVE MARKET
6.3 AMINE
6.3.1 SUPERIOR ADHESION PROPERTIES TO DRIVE MARKET
6.4 ISOCYANATE
6.4.1 FAST AND EFFICIENT CURING PROPERTIES TO DRIVE MARKET
6.5 AMIDE
6.5.1 EXCELLENT MECHANICAL PROPERTIES TO DRIVE MARKET
6.6 AZIRIDINE
6.6.1 STRONG ADHESION AND BONDING STRENGTH TO DRIVE MARKET
6.7 CARBODIIMIDE
6.7.1 EXCELLENT ADHESION PROPERTY TO DRIVE MARKET
6.8 OTHERS
7 CROSSLINKING AGENTS MARKET, BY APPLICATION
7.1 INTRODUCTION
FIGURE 23 INDUSTRIAL COATINGS TO DOMINATE MARKET DURING FORECAST PERIOD
TABLE 14 CROSSLINKING AGENTS MARKET, BY APPLICATION, 2019-2022 (KILOTON)
TABLE 15 CROSSLINKING AGENTS MARKET, BY APPLICATION, 2023-2028 (KILOTON)
TABLE 16 CROSSLINKING AGENTS MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
TABLE 17 CROSSLINKING AGENTS MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
7.2 DECORATIVE COATINGS
7.2.1 INCREASING DEMAND FROM RESIDENTIAL, INSTITUTIONAL, AND INDUSTRIAL BUILDINGS TO DRIVE MARKET
7.3 INDUSTRIAL COATINGS
7.3.1 PROTECTIVE AND CORROSION COATINGS
7.3.2 TRANSPORTATION COATINGS
7.3.3 INDUSTRIAL WOOD COATINGS
7.3.4 PROTECTIVE COATINGS
7.3.5 MARINE COATINGS
7.3.6 CAN/COIL COATINGS
7.3.7 GENERAL INDUSTRIAL COATINGS
7.3.8 OTHER COATINGS
8 CROSSLINKING AGENTS MARKET, BY REGION
8.1 INTRODUCTION
FIGURE 24 RAPID GROWTH MARKETS EMERGING AS NEW HOTSPOTS
TABLE 18 CROSSLINKING AGENTS MARKET, BY REGION, 2019-2022 (KILOTON)
TABLE 19 CROSSLINKING AGENTS MARKET, BY REGION, 2023-2028 (KILOTON)
TABLE 20 CROSSLINKING AGENTS MARKET, BY REGION, 2019-2022 (USD MILLION)
TABLE 21 CROSSLINKING AGENTS MARKET, BY REGION, 2023-2028 (USD MILLION)
8.2 NORTH AMERICA
TABLE 22 NORTH AMERICA: CROSSLINKING AGENTS MARKET, BY COUNTRY, 2019-2022 (KILOTON)
TABLE 23 NORTH AMERICA: CROSSLINKING AGENTS MARKET, BY COUNTRY, 2023-2028 (KILOTON)
TABLE 24 NORTH AMERICA: CROSSLINKING AGENTS MARKET, BY COUNTRY, 2019-2022 (USD MILLION)
TABLE 25 NORTH AMERICA: CROSSLINKING AGENTS MARKET, BY COUNTRY, 2023-2028 (USD MILLION)
TABLE 26 NORTH AMERICA: CROSSLINKING AGENTS MARKET, BY CHEMISTRY, 2019-2022 (KILOTON)
TABLE 27 NORTH AMERICA: CROSSLINKING AGENTS MARKET, BY CHEMISTRY, 2023-2028 (KILOTON)
TABLE 28 NORTH AMERICA: CROSSLINKING AGENTS MARKET, BY CHEMISTRY, 2019-2022 (USD MILLION)
TABLE 29 NORTH AMERICA: CROSSLINKING AGENTS MARKET, BY CHEMISTRY, 2023-2028 (USD MILLION)
TABLE 30 NORTH AMERICA: CROSSLINKING AGENTS MARKET, BY APPLICATION, 2019-2022 (KILOTON)
TABLE 31 NORTH AMERICA: CROSSLINKING AGENTS MARKET, BY APPLICATION, 2023-2028 (KILOTON)
TABLE 32 NORTH AMERICA: CROSSLINKING AGENTS MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
TABLE 33 NORTH AMERICA: CROSSLINKING AGENTS MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
8.2.1 US
8.2.1.1 Increasing demand for rapid industrial growth to drive market
TABLE 34 US: CROSSLINKING AGENTS MARKET, BY APPLICATION, 2019-2022 (KILOTON)
TABLE 35 US: CROSSLINKING AGENTS MARKET, BY APPLICATION, 2023-2028 (KILOTON)
TABLE 197 WANHUA CHEMICAL GROUP CO., LTD.: COMPANY OVERVIEW
TABLE 198 WANHUA CHEMICAL GROUP CO., LTD.: OTHERS
10.1.8 THE DOW CHEMICAL COMPANY
TABLE 199 THE DOW CHEMICAL COMPANY: COMPANY OVERVIEW
FIGURE 36 THE DOW CHEMICAL COMPANY: COMPANY SNAPSHOT
TABLE 200 THE DOW CHEMICAL COMPANY: OTHERS
10.1.9 DSM COATING RESINS LTD
TABLE 201 DSM COATING RESINS LTD.: COMPANY OVERVIEW
10.1.10 ADITYA BIRLA ADVANCED MATERIALS
TABLE 202 ADITYA BIRLA ADVANCED MATERIALS: COMPANY OVERVIEW
TABLE 203 ADITYA BIRLA ADVANCED MATERIALS: OTHERS
*Details on Business overview, Products offered, Recent Developments, MNM view, Key strengths, Strategic choices, Weaknesses and competitive threats might not be captured in case of unlisted companies.
10.2 OTHER PLAYERS
10.2.1 HEXION INC.
TABLE 204 HEXION INC.: COMPANY OVERVIEW
10.2.2 SEALED AIR CORPORATION
TABLE 205 SEALED AIR CORPORATION: COMPANY OVERVIEW