Global Adhesion Promoters Market Demand & Forecast Analysis, 2016-2032

Executive Summary : - 

Adhesion promoters are mostly used to improve the adhesion of any product to the substrate by creating a more stable covalent bond to increase the performance of the product. It increases the adhesion properties of adhesives and sealant. Most of the adhesion promoters are based on silanes while other major types of adhesion promoters are also based on maleic anhydride, chlorinated polyolefins, titanate & zirconate. The major end-use applications of adhesion promoters include Paints & Coatings, Plastics & Composites, Metals, Rubber and Others. Chlorinated polyolefins are used as adhesion promoters for paints & coatings end-use applications on polymers like polyethylene, polypropylene and other thermoplastics polyolefins. Other than increasing the adhesion between the substrate and coatings, it also acts as an additive for applied paints & coatings.

The automotive industry is on a rise in almost all the major economies. Countries like U.S., China, Germany, Mexico, India, and South Korea are known for robust automotive / automotive part manufacturing industry. Majority of the companies have been coming up with hybrid and electric versions of their cars. Most of these countries have also set-up deadlines to ensure complete penetration of these automotive, replacing their gasoline counter-parts. Automotive manufacturers are also looking to shift towards greener cars as governments in developing countries are providing them with rebates on green vehicles.

Broader penetration in the automotive sector with newer applications, growing demand from electrical & electronics and increase construction segment along with potential usage of adhesion promoters in the other smaller industries is expected to increase the need for adhesion promoters. New product developments with improved functions like silane based tires and other material are expected to prove to be an opportunity in the long-term forecast.

Most of the demand is observed to be in Asia-Pacific. With growing population, increasing disposable income and increased per capita consumption in the region, the growth of market for Adhesion promoters is inevitable. Growing demand for consumer electronics and use of adhesion promoters in Printed circuit boards (PCB) in developing countries like India and the Asia-Pacific region in general offer growth opportunities for adhesion promoters. Popularization of hybrid cars and electric vehicles in response to reduce emissions can serve as a growth opportunity for adhesion promoters making automotive & transportation to be one of the fastest growing end-users of in the medium to long-term forecast. Plastic & composites though is not a major application it is still expected to witness the fastest growth. The increase in demand from the construction sector is also likely to add to the demand especially from the infrastructure activities.

Adhesion promoter relation with the global GDP is that it has been growing at atleast 1.5 to 2 times the global GDP, in term of volume consumption though the demand pattern differs from 2.5% in the mature economies to more than 9.5% in the developing countries. Prismane Consulting forecast the global adhesion promoters market to grow at an annual average of more than 4.5% in the long-term forecast.