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Cross Linking Agents Market Size
Cross Linking Agents Market size was valued at around USD 6.5 billion in 2022 and is estimated to reach USD 10.7 billion by 2032. Cross-linking agents improve the mechanical, thermal, and chemical properties of materials, making them more durable, resistant to heat, and chemically stable.
The polymer and rubber industries are major consumers of cross-linking agents to improve the performance of polymers, elastomers, and rubber materials. In the electrical and electronics industry, cross-linking agents are used to improve the insulation properties and heat resistance of wire and cable coatings. Cross-linking agents are employed in coatings and paints to improve film properties, adhesion, and resistance to weathering and chemicals.
Report Attributes | Details |
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Base Year: | 2022 |
Market Size in 2022: | USD 6.5 Billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 5.1% |
2032 Value Projection: | USD 10.7 Billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 120 |
Tables, Charts & Figures: | 137 |
Segments covered: | Type, End-use, Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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Cross-linking agents may pose health and safety risks during handling and processing due to their chemical properties. Manufacturers and users need to ensure proper handling and follow safety guidelines to minimize risks. Some cross-linking agents may have adverse environmental effects, such as emissions of volatile organic compounds (VOCs) and hazardous byproducts during curing processes. Different industries may have specific regulations and standards related to cross-linking agents, particularly in sectors like healthcare, food packaging, and automotive.
COVID-19 Impact
With lockdowns and restrictions on physical retail during the pandemic, there was a surge in e-commerce activities. This led to increased demand for Cross linking agents used in shipping boxes, corrugated cartons, and protective packaging materials for online deliveries. As restaurants and cafes shifted to takeout and food delivery models, there was a higher demand for Cross linking agents used in food containers, bags, and wraps.
Cross Linking Agents Market Trends
There is an increasing focus on sustainable and eco-friendly products across industries. As a result, there is a rising demand for cross-linking agents that have a lower environmental impact, reduced VOC emissions, and are biodegradable. Research and development efforts have led to the development of innovative cross-linking technologies that offer faster curing times, improved performance, and enhanced material properties in various applications. Cross-linking agents are being increasingly utilized in the production of high-performance materials, such as advanced composites, coatings, and adhesives, to improve mechanical strength, thermal stability, and chemical resistance.
Cross Linking Agents Market Analysis
Based on type, the cross linking agents market is segmented as amide, amine, amino, carbodiimide, isocyanate, others. Fresh sources held a majority industry value of USD 1.6 billion in 2022. Amide-based cross-linking agents are widely used in the adhesives and sealants industry due to their ability to enhance bonding strength and improve adhesion to various substrates, including metals, plastics, and rubbers.
Based on end-use, the cross linking agents market is segmented as automotive, construction, electronics, packaging, healthcare, others. Automotive held a dominant industry share of around 40% in 2022. The automotive industry demands cross-linking agents for applications such as adhesives, sealants, and coatings to enhance the durability, strength, and weather resistance of automotive components.
U.S. dominated the North American region with majority cross linking agents market share and a revenue of USD 1.5 billion in 2022. The automotive sector in North America demands cross-linking agents for adhesives, coatings, and sealants used in vehicle manufacturing and assembly. Cross-linking agents enhance the performance and durability of automotive components.
Cross Linking Agents Market Share
Some of the major industry players operating in the Cross linking agents market are :
- BASF SE
- Evonik Industries AG
- Dow Inc.
- Wacker Chemie AG
- Arkema S.A.
- Eastman Chemical Company
- Huntsman Corporation
- H.B Fuller Company
- DIC Corporation
- Perstorp Holding AB
- EMS-GRIVORY Holding AG
- Mitsui Chemicals, Inc.
- Kaneka Corporation
- Lord Corporation
- Solenis LLC
Cross Linking Agents Industry News:
- In 2023, BASF announced to expand its existing capacity of isocyanate. The company will increase production capacity to approximately 600,000 metric tons per year.
- In May 2021, Wanhua Chemical announced that Wanhua Chemical (Ningbo) Co., Ltd. plans to implement the MDI/HDI technical transformation and capacity expansion integration project in the existing plant.
Cross linking agents market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Units from 2018 to 2032, for the following segments:
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By Type
- Amide
- Amine
- Amino
- Carbodiimide
- Isocyanate
- Others
By End-use
- Automotive
- Construction
- Electronics
- Packaging
- Healthcare
- Others
The above information is provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Indonesia
- Malaysia
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Egypt
Frequently Asked Questions (FAQ) :