MRO Magazine

Adhesion Promoter Market Worth USD 5.21 Billion by 2024 – Increasing Demand for Silicone Products to Enable Efficient Transportation – Research and Markets


June 28, 2016
By Business Wire News

DUBLIN

Research and Markets has announced the addition of the “Adhesion Promoter Market Forecast to 2024” report to their offering.

The global adhesion promoter market is expected to reach USD 5.21 billion by 2024, according to this report. Increasing demand for silane and silicone products to enable efficient transportation with greater fuel savings is likely to foster industry growth.

The increasing industrialization in emerging economies such as Brazil, China, India and Mexico coupled with a growing automotive sector has prompted high demand for sustainable paints and coatings. Silane promoters, in particular contribute to extended material lifetime and boost resource usage especially in automotive paints.

Rising consumer disposable income in these economies is also expected to contribute to high passenger car sales which in turn is crucial to industry growth. Growing environmental and regulatory pressure to reduce resource wastage and carbon emissions from the transportation sector is also likely to promote product demand.

High demand for silane products such chlorosilanes and other alkoxysilanes on account of greenhouse gas (GHG) abatement effects is likely to foster silane growth. Silanes thus emerged as the largest product with around 34% market share in 2015. Maleic anhydride emerged as the fastest growing product with highest CAGR of 7.3% from 2016 to 2024. These additives provide durability and enhanced binding capabilities to composites, specifically providing strength & stability in the automotive & construction sector.

Companies Profiled:

  • Momentive Performance Materials Inc
  • Sartomer
  • TCP global
  • MasterBond
  • Special Chem
  • The 3M Company
  • Akzonobel NV
  • DuPont
  • Air Products and Chemicals, Inc.
  • Altana AG (BYK Additives & Instruments)
  • Evonik Industries AG
  • Arkema SA
  • BASF SE
  • DOW Corning Corporation
  • Eastman Chemical Company

Key Topics Covered:

1 Methodology and Scope

2 Executive Summary

3 Adhesion Promoter Industry Outlook

4 Adhesion Promoter Product Outlook

5 Adhesion Promoter Application Outlook

6 Adhesion Promoter Regional Outlook

7 Competitive Landscape

For more information visit http://www.researchandmarkets.com/research/7mzpxs/adhesion_promoter

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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Sector: Plastic Additives