According to the TechSci Research report, “Crosslinking agents Market –Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, the Global Crosslinking Agents Market stood at USD 7.38 billion in 2022 and is anticipated to project steady growth in the forecast period with a CAGR of 4.80% through 2028. This can be ascribed to collaborations and partnerships among leading companies with a diverse approach to merge the expertise of individual companies and to strengthen their position in the market.
Composites, such as carbon fiber-reinforced polymers (CFRP), are widely used in aerospace structures due to their exceptional combination of high strength and low weight characteristics. The crosslinking agents utilized in the manufacturing process of composites play a crucial role in enhancing their mechanical properties, including tensile strength, stiffness, and impact resistance.
By facilitating the bonding of polymer matrices and reinforcement materials, these crosslinking agents contribute to the creation of a more robust and reliable composite structure, ensuring optimal performance and safety in aerospace applications. Aerospace structures also require advanced coatings and finishes that provide effective protection against corrosion, erosion, and UV degradation.
Here, crosslinking agents continue to play a vital role in the formulation of high-performance coatings, enhancing their adhesion, chemical resistance, and durability. This ensures long-term protection for aerospace components, even in the most challenging environments. Moving beyond aerospace, composites are also widely used in marine vessels and structures for their excellent strength-to-weight ratio, corrosion resistance, and design flexibility.
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In the manufacturing process of fiber-reinforced polymers (FRP), crosslinking agents are incorporated into the resin systems to further improve their mechanical properties, including impact resistance, stiffness, and dimensional stability. This ensures that FRP structures can withstand the harsh marine environment and maintain their structural integrity over time, contributing to the longevity and reliability of marine vessels. To address the issue of fouling, which refers to the accumulation of marine organisms on the hull surface, anti-fouling coatings containing crosslinking agents are applied to marine vessels.
These coatings prevent the attachment and growth of organisms, reducing drag and improving fuel efficiency. By enhancing the adhesion and durability of these coatings, crosslinking agents provide long-term protection against fouling, reducing maintenance costs and optimizing the performance of marine vessels.
In the industry, partnerships between crosslinking agent suppliers and their clients, such as adhesive or coating manufacturers, play a pivotal role in addressing specific application needs. These partnerships involve close collaboration in product development, testing, and validation to ensure optimal performance, reliability, and customer satisfaction. Moreover, collaborative efforts between researchers have led to significant advancements in injectable dual crosslinking hydrogels.
These hydrogels offer improved therapeutic efficacy in minimally invasive surgeries, opening up new possibilities in the field of medical treatments. By providing a more controlled and sustained release of therapeutic agents, these hydrogels have the potential to revolutionize medical treatments, offering enhanced healing and recovery outcomes. Overall, the utilization of crosslinking agents in various industries showcases their critical role in enhancing the performance, durability, and reliability of materials and products, leading to advancements in aerospace, marine, and medical applications. However, the presence of self-crosslinking agents and volatility in the prices of raw materials are expected to slow down the growth of the market in the coming years.
Global Crosslinking Agents Market segmentation is based on Chemistry, Application, By Company, and Region
Based on Chemistry, Isocyanate held the largest market share in the forecast period. Isocyanates, highly versatile chemical compounds, play a pivotal role in a wide range of coating applications. Whether it’s for construction, automotive, or decorative projects, isocyanates are diligently employed to provide exceptional durability, protection, and aesthetic appeal. Their unique properties and adaptability make them an indispensable component in the world of coatings.
Based on Application, decorative coatings held the largest market share in the forecast period. The demand for decorative coatings is experiencing consistent growth, propelled by factors such as urbanization, rising disposable income, and evolving consumer preferences. Decorative coatings are extensively utilized in residential and commercial buildings for aesthetic purposes, weathering protection, and surface longevity enhancement.
Crosslinking agents play a crucial role in decorative coatings by bolstering their durability and resistance against external elements like UV radiation, moisture, and abrasion. These agents enhance the adhesion and chemical resistance of coatings, ensuring enduring performance and surface protection.
Some of the major companies operating in the Global Crosslinking Agents Market include:
- BASF SE
- Allnex GMBH
- Covestro AG
- Evonik Industries AG
- Huntsman International LLC
- Dow Inc.
- Wanhua Chemical Group Co. Ltd.
- Nisshinbo Chemical Inc.
- NIPPON SHOKUBAI CO. LTD.
- Mitsubishi Chemical Corporation
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“Certain regions, particularly the Asia Pacific, are projected to exert significant demand for crosslinking agents worldwide. The growth in the competitive landscape and the presence of well-established companies in the market, committed to enhancing their crosslinking agents productivity each year, are expected to contribute to a remarkable growth of the Global Crosslinking Agents Market in the forecast period,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based Global management consulting firm.
Global Crosslinking Agent Market By Chemistry (Amino, Amine, Isocyanate, Amide, Aziridine, Carbodiimide, Others), By Application (Decorative Coatings, Transportation Coatings, Industrial Wood Coatings, Protective Coatings, Marine Coatings, Can/Coil Coatings, Others), By Region, Competition, Forecast and Opportunities, 2018-2028F has evaluated the future growth potential of Global Crosslinking Agents Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide innovative market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Crosslinking Agents Market.
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Table of content-Crosslinking Agent Market
- Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
- Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
- Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
- Voice of Customer
- Global Crosslinking Agent Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Chemistry (Amino, Amine, Isocyanate, Amide, Aziridine, Carbodiimide, Others)
5.2.2. By Application (Decorative Coatings, Transportation Coatings, Industrial Wood Coatings, Protective Coatings, Marine Coatings, Can/Coil Coatings, Others)
5.2.3. By Region
5.2.4. By Company (2022)
5.3. Market Map
- North America Crosslinking Agent Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Chemistry
6.2.2. By Application
6.2.3. By Country
6.3. North America: Country Analysis
6.3.1. United States Crosslinking Agent Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Chemistry
6.3.1.2.2. By Application
6.3.2. Mexico Crosslinking Agent Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Chemistry
6.3.2.2.2. By Application
6.3.3. Canada Crosslinking Agent Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Chemistry
6.3.3.2.2. By Application
- Europe Crosslinking Agent Market Outlook
7.1. Market Size & Forecast
7.1.1.1. By Value
7.2. Market Share & Forecast
7.2.1.1. By Chemistry
7.2.1.2. By Application
7.2.1.3. By Country