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Cross Linking Agents Market Trends

Report ID: GMI6426
Published Date: Aug 2023
Report Format: PDF

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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.

Authors: Kiran Pulidindi

Frequently Asked Questions (FAQ) :

Global market for cross linking agents was valued at around USD 6.5 billion in 2022 and is estimated to reach USD 10.7 billion by 2032, backed by the increasing industrial activities.

Automotive sector held a dominant market share of around 40% in 2022 and will grow at a lucrative pace through 2032 due to product usage in applications such as adhesives, sealants, and coatings to enhance the durability, strength, and weather resistance of automotive components.

U.S. market size was USD 1.5 billion in 2022 and will expand at a significant pace from 2023-2032 on account of the expanding automotive sector in the region that demands cross-linking agents for adhesives, coatings, and sealants for vehicle manufacturing and assembly.

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 among others.