HOME Top Market Reports Crosslinking Agent Market by Chemistry (Amino, Amine, Isocyanate, Amide, Aziridine, Carbodiimide), Paints & Coating Application (Decorative, Industrial), and Region (North America, Asia Pacific, Europe, South America) - Global Forecast to 2022

Crosslinking Agent Market by Chemistry (Amino, Amine, Isocyanate, Amide, Aziridine, Carbodiimide), Paints & Coating Application (Decorative, Industrial), and Region (North America, Asia Pacific, Europe, South America) - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: July 2017
Report Code: CH 5402

 

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The crosslinking agent market is projected to reach USD 13.61 Billion by 2022, at a CAGR of 5.3% from 2017 to 2022. In this study, 2016 has been considered as the base year, and 2017–2022 as the forecast period for estimating the market size of crosslinking agent.

Objectives of the study:

  • To analyze and forecast the crosslinking agent market, in terms of both volume and value
  • To define, describe, and segment the crosslinking agent market based on chemistry and paints & coatings application
  • To forecast the size of each market segment for various regions, such as Asia Pacific, North America, Europe, Middle East & Africa, and South America
  • To provide detailed information regarding the key factors, such as drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the market
  • To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contribution to the overall market
  • To identify and analyze opportunities for stakeholders in the crosslinking agent market
  • To analyze competitive developments, such as expansions, mergers & acquisitions, contracts, agreements, and new product developments in the crosslinking agent market
  • To strategically profile key players and comprehensively analyze their core competencies

Research Methodology:

This study aims to estimate the market size for crosslinking agent in 2017 and provide market forecast till 2022. It offers a detailed qualitative and quantitative analysis of the market. Various secondary sources, including the Paints & Coatings Industry (PCI), American Coatings Association (ACA), Journal of Protective Coatings & Linings (JPCL), and United States Environmental Protection Agency (EPA) have been used to identify and collect information useful for an extensive and commercial study of the crosslinking agent market. Primary sources, such as experts from related industries and suppliers have been interviewed to obtain and verify critical information, as well as to assess growth prospects of the crosslinking agent market.

Cross Linker Market

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem

Key manufacturers of crosslinking agent are BASF SE (Germany), Covestro AG (Germany), Huntsman Corporation (US), and Evonik Industries (Germany). These manufacturers focus on increasing their regional presence by adopting strategies such as mergers & acquisitions, expansions, and new product launches.

Key Target Audience

  • Manufacturers of Crosslinking agent
  • Traders, Distributors, and Suppliers of Crosslinking agent
  • Regional Manufacturers' Associations for Crosslinking agent
  • Government and Regional Agencies and Research Organizations

Scope of the report:

The crosslinking agent market has been classified into the following segments:

Based on Paints & Coatings Application:

  • Decorative Coatings
  • Industrial Coatings

Based on Chemistry:

  • Amino
  • Isocyanate
  • Aziridine
  • Carbodiimide
  • Amine
  • Amide
  • Others

Based on Region:

  • Asia Pacific
  • North America
  • Europe
  • Middle East & Africa
  • South America

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

  • Product Analysis

Product Matrix that offers a detailed comparison of product portfolio of each company

  • Regional Analysis

Further breakdown of a region with respect to a particular country

  • Company Information

Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Se++Condary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions
           2.4.1 Limitations

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 29)
    4.1 Attractive Opportunities in the Crosslinking Agent Market
    4.2 Crosslinking Agent Market Growth,  By Region
    4.3 Crosslinking Agent Market, By Chemistry and Country, 2016
    4.4 Crosslinking Agent Market,  By Chemistry
    4.5 Crosslinking Agent Market Attractiveness

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Demand of Crosslinking Agents for Water-Based Coatings
                    5.2.1.2 Rising Industrial and Automotive Sectors are Driving the Demand for Crosslinking Agents in Asia-Pacific
                    5.2.1.3 Rapidly Growing Powder Coatings Application
           5.2.2 Restraints
                    5.2.2.1 Non-Recyclable Property and High Price of Crosslinking Agents
                    5.2.2.2 Presence of Self-Crosslinking Agents
           5.2.3 Opportunities
                    5.2.3.1 Development of Sustainable Products
                    5.2.3.2 Rising Demand for Eco-Friendly Crosslinking Agents
           5.2.4 Challenges
                    5.2.4.1 Stringent Government Regulations
    5.3 Porter’s Five Forces Analysis
           5.3.1 Threat of New Entrants
           5.3.2 Threat of Substitutes
           5.3.3 Bargaining Power of Suppliers
           5.3.4 Bargaining Power of Buyers
           5.3.5 Intensity of Competitive Rivalry
    5.4 Macroeconomic Overview
           5.4.1 Trends and Forecast of GDP
           5.4.2 Global Automotive Industry and Economic Outlook

6 Crosslinking Agent Market,  By Chemistry (Page No. - 44)
    6.1 Introduction
    6.2 Amino
    6.3 Amine
    6.4 Isocyanate
    6.5 Amide
    6.6 Aziridine
    6.7 Carbodiimide
    6.8 Others

7 Crosslinking Agent Market,  By Application (Page No. - 54)
    7.1 Introduction
    7.2 Decorative Coatings
    7.3 Industrial Coatings
           7.3.1 Transportation Coatings
           7.3.2 Industrial Wood Coatings
           7.3.3 Protective Coatings
           7.3.4 Marine Coatings
           7.3.5 Can/Coil Coatings
           7.3.6 General Industrial Coatings
           7.3.7 Other Coatings

8 Crosslinking Agent Market, By Region (Page No. - 61)
    8.1 Introduction
    8.2 North America
           8.2.1 U.S.
           8.2.2 Canada
           8.2.3 Mexico
    8.3 Europe
           8.3.1 France
           8.3.2 Germany
           8.3.3 U.K.
           8.3.4 Poland
           8.3.5 Turkey
           8.3.6 Hungary
           8.3.7 Romania
           8.3.8 Rest of Europe
    8.4 Asia-Pacific
           8.4.1 China
           8.4.2 Japan
           8.4.3 South Korea
           8.4.4 India
           8.4.5 Vietnam
           8.4.6 Indonesia
           8.4.7 Rest of Asia-Pacific
    8.5 Middle East & Africa (MEA)
           8.5.1 Saudi Arabia
           8.5.2 UAE
           8.5.3 South Africa
           8.5.4 Rest of Middle East & Africa
    8.6 South America
           8.6.1 Brazil
           8.6.2 Argentina
           8.6.3 Rest of South America

9 Competitive Landscape (Page No. - 107)
    9.1 Introduction
           9.1.1 Dynamic Differentiators
           9.1.2 Innovators
           9.1.3 Visionary Leaders
           9.1.4 Emerging Companies
    9.2 Overview
           9.2.1 Strength of Product Portfolio
           9.2.2 Business Strategy Excellence
    9.3 Market Ranking

10 Company Profiles (Page No. - 112)
(Business Overview, Products Offered, Scorecard of Product Offering, Scorecard of Business Strategy, and New Product Launch)
     10.1 BASF SE
     10.2 Covestro AG
     10.3 Allnex Group
     10.4 Evonik Industries
     10.5 Huntsman Corporation
     10.6 Aditya Birla Chemicals
     10.7 Wanhua Chemical Group Co., Ltd.
     10.8 Hexion Inc.
     10.9 Shanghai Sisheng Polymer Materials Co., Ltd. (SiwoChem )
     10.10 Ineos
     10.11 The DOW  Chemical Company
     10.12 Sealed Air Corporation
     10.13 Lord Corporation
     10.14 Stahl Holdings BV
     10.15 Dupont
     10.16 D S M Coating Resins
     10.17 Momentive Performance Materials Inc.
     10.18 Nagase America Corporation
     10.19 Incorez Limited
     10.20 Baxenden Chemicals Limited
     10.21 Angus Chemical Company
     10.22 Shanghai Zealchem Co., Ltd.
     10.23 Super Urecoat Industries
     10.24 Elantas GmbH
     10.25 MEL Chemicals

*Details Might Not Be Captured in Case of Unlisted Companies.

11 Appendix (Page No. - 142)
     11.1 Insights From Industry Experts
     11.2 Discussion Guide
     11.3 Introducing RT: Real-Time Market Intelligence
     11.4 Available Customizations
     11.5 Related Reports
     11.6 Author Details


List of Tables (116 Tables)

Table 1 Trends and Forecast of GDP, 2016–2022(USD Billion)
Table 2 Automotive Production Statistics, 2016
Table 3 Crosslinking Agent Market Size, By Chemistry, 2015–2022 (Kiloton)
Table 4 Crosslinking Agent Market Size, By Chemistry, 2015–2022 (USD Million)
Table 5 Amino Crosslinking Agent Market Size, By Region,  2015–2022 (Kiloton)
Table 6 Amino Crosslinking Agent Market Size, By Region,  2015–2022 (USD Million)
Table 7 Amine Crosslinking Agent Market Size, By Region,  2015–2022 (Kiloton)
Table 8 Amine Crosslinking Agent Market Size, By Region,  2015–2022 (USD Million)
Table 9 Isocyanate Crosslinking Agent Market Size, By Region, 2015–2022 (Kiloton)
Table 10 Isocyanate Crosslinking Agent Market Size, By Region, 2015–2022 (USD Million)
Table 11 Amide Crosslinking Agent Market Size, By Region,  2015–2022 (Kiloton)
Table 12 Amide Crosslinking Agent Market Size, By Region,  2015–2022 (USD Million)
Table 13 Aziridine Crosslinking Agent Market Size, By Region,  2015–2022 (Kiloton)
Table 14 Aziridine Crosslinking Agent Market Size, By Region,  2015–2022 (USD Million)
Table 15 Carbodiimide Crosslinking Agent Market Size By Region, 2015–2022 (Kiloton)
Table 16 Carbodiimide Crosslinking Agent Market Size By Region, 2015–2022 (USD Million)
Table 17 Other Crosslinking Agent Market Size, By Region,  2015–2022 (Kiloton)
Table 18 Other Crosslinking Agent Market Size, By Region,  2015–2022 (USD Million)
Table 19 Crosslinking Agent Market Size, By Application, 2015–2022 (Kiloton)
Table 20 Crosslinking Agent Market Size, By Application, 2015–2022 (USD Million)
Table 21 Crosslinking Agent Market Size in Decorative Coatings,  By Region, 2015–2022 (Kiloton)
Table 22 Crosslinking Agent Market Size in Decorative Coatings,  By Region, 2014–2026 (USD Million)
Table 23 Crosslinking Agent Market Size in Industrial Coatings,  By Region, 2015–2022 (Kiloton)
Table 24 Crosslinking Agent Market Size in Industrial Coatings,  By Region, 2015–2022 (USD Million)
Table 25 Crosslinking Agent Market Size, By Region, 2015–2022 (Kiloton)
Table 26 Paints & Coatings Crosslinking Agent Market Size, By Region, 2015–2022 (USD Million)
Table 27 North America: Crosslinking Agent Market Size By Country, 2015–2022 (Kiloton)
Table 28 North America: Crosslinking Agent Market Size By Country, 2015–2022 (USD Million)
Table 29 North America: Crosslinking Agent Market Size, By Chemistry, 2015–2022 (Kiloton)
Table 30 North America: Crosslinking Agent Market Size, By Chemistry, 2015–2022 (USD Million)
Table 31 North America: Crosslinking Agent Market Size, By Application, 2015–2022 (Kiloton)
Table 32 North America: Crosslinking Agent Market Size, By Application, 2015–2022 (USD Million)
Table 33 North America: Decorative Coatings Crosslinking Agent Market Size,  By Chemistry, 2015-2022 (Kiloton)
Table 34 North America: Industrial Coatings Crosslinking Agent Market Size,  By Chemistry, 2015-2022 (Kiloton)
Table 35 U.S.: Crosslinking Agent Market Size, By Application,  2015–2022 (Kiloton)
Table 36 U.S.: Crosslinking Agent Market Size, By Application,  2015–2022 (USD Million)
Table 37 Canada: Crosslinking Agent Market Size By Application, 2015–2022 (Kiloton)
Table 38 Canada: Crosslinking Agent Market Size By Application, 2015–2022 (USD Million)
Table 39 Mexico: Crosslinking Agent Market Size By Application, 2015–2022 (Kiloton)
Table 40 Mexico: Crosslinking Agent Market Size By Application, 2015–2022 (USD Million)
Table 41 Europe: Crosslinking Agent Market Size, By Country,  2015–2022 (Kiloton)
Table 42 Europe: Crosslinking Agent Market Size, By Country,  2015–2022 (USD Million)
Table 43 Europe: Crosslinking Agent Market Size By Chemistry, 2015–2022 (Kiloton)
Table 44 Europe: Crosslinking Agent Market Size By Chemistry, 2015–2022 (USD Million)
Table 45 Europe: Crosslinking Agent Market Size By Application, 2015–2022 (Kiloton)
Table 46 Europe: Crosslinking Agent Market Size By Application, 2015–2022 (USD Million)
Table 47 Europe: Decorative Coatings Crosslinking Agent Market Size By Chemistry, 2015-2022 (Kiloton)
Table 48 Europe: Industrial Coatings Crosslinking Agent Market Size By Chemistry, 2015-2022 (Kiloton)
Table 49 France: Crosslinking Agent Market Size By Application, 2015–2022 (Kiloton)
Table 50 France: Crosslinking Agent Market Size By Application, 2015–2022 (USD Million)
Table 51 Germany: Crosslinking Agent Market Size By Application, 2015–2022 (Kiloton)
Table 52 Germany: Crosslinking Agent Market Size By Application, 2015–2022 (USD Million)
Table 53 U.K.: Crosslinking Agent Market Size, By Application,  2015–2022 (Kiloton)
Table 54 U.K.: Crosslinking Agent Market Size, By Application,  2015–2022 (USD Million)
Table 55 Poland: Crosslinking Agent Market Size By Application, 2015–2022 (Kiloton)
Table 56 Poland: Crosslinking Agent Market Size By Application, 2015–2022 (USD Million)
Table 57 Turkey: Crosslinking Agent Market Size By Application, 2015–2022 (Kiloton)
Table 58 Turkey: Crosslinking Agent Market Size By Application, 2015–2022 (USD Million)
Table 59 Hungary: Crosslinking Agent Market Size By Application, 2015–2022 (Kiloton)
Table 60 Hungary: Crosslinking Agent Market Size By Application, 2015–2022 (USD Million)
Table 61 Romania: Crosslinking Agent Market Size By Application, 2015–2022 (Kiloton)
Table 62 Romania: Crosslinking Agent Market Size By Application, 2015–2022 (USD Million)
Table 63 Rest of Europe: Crosslinking Agent Market Size, By Application, 2015–2022 (Kiloton)
Table 64 Rest of Europe: Crosslinking Agent Market Size, By Application, 2015–2022 (USD Million)
Table 65 Asia-Pacific: Crosslinking Agent Market Size By Country, 2015–2022 (Kiloton)
Table 66 Asia-Pacific: Crosslinking Agent Market Size By Country, 2015–2022 (USD Million)
Table 67 Asia-Pacific: Crosslinking Agent Market Size, By Chemistry, 2015–2022 (Kiloton)
Table 68 Asia-Pacific: Crosslinking Agent Market Size By Chemistry, 2015–2022 (USD Million)
Table 69 Asia-Pacific: Crosslinking Agent Market Size By Application, 2015–2022 (Kiloton)
Table 70 Asia-Pacific: Crosslinking Agent Market Size By Application, 2015–2022 (USD Million)
Table 71 Asia-Pacific: Decorative Coatings Crosslinking Agent Market Size, By Chemistry, 2015-2022 (Kiloton)
Table 72 Asia-Pacific: Industrial Coatings Crosslinking Agent Market Size, By Chemistry, 2015-2022 (Kiloton)
Table 73 China: Crosslinking Agent Market Size, By Application, 2015–2022 (Kiloton)
Table 74 China: Crosslinking Agent Market Size, By Application, 2015–2022 (USD Million)
Table 75 Japan: Crosslinking Agent Market Size, By Application, 2015–2022 (Kiloton)
Table 76 Japan: Crosslinking Agent Market Size, By Application, 2015–2022 (USD Million)
Table 77 South Korea: Crosslinking Agent Market Size, By Application, 2015–2022 (Kiloton)
Table 78 South Korea: Crosslinking Agent Market Size, By Application, 2015–2022 (USD Million)
Table 79 India: Crosslinking Agent Market Size, By Application,  2015–2022 (Kiloton)
Table 80 India: Crosslinking Agent Market Size, By Application,  2015–2022 (USD Million)
Table 81 Vietnam: Crosslinking Agent Market Size By Application, 2015–2022 (Kiloton)
Table 82 Vietnam: Crosslinking Agent Market Size By Application, 2015–2022 (USD Million)
Table 83 Indonesia: Crosslinking Agent Market Size By Application, 2015–2022 (Kiloton)
Table 84 Indonesia: Crosslinking Agent Market Size By Application, 2015–2022 (USD Million)
Table 85 Rest of Asia-Pacific: Crosslinking Agent Market Size,  By Application, 2015–2022 (Kiloton)
Table 86 Rest of Asia-Pacific: Crosslinking Agent Market Size,  By Application, 2015–2022 (USD Million)
Table 87 Middle East & Africa: Crosslinking Agent Market Size,  By Country, 2015–2022 (Kiloton)
Table 88 Middle East & Africa: Crosslinking Agent Market Size,  By Country, 2015–2022 (USD Million)
Table 89 Middle East & Africa: Crosslinking Agent Market Size,  By Chemistry, 2015–2022 (Kiloton)
Table 90 Middle East & Africa: Crosslinking Agent Market Size,  By Chemistry, 2015–2022 (USD Million)
Table 91 Middle East & Africa: Decorative Coatings Crosslinking Agent Market Size, By Chemistry, 2015-2022 (Kiloton)
Table 92 Middle East & Africa: Industrial Coatings Crosslinking Agent Market Size,  By Chemistry, 2015-2022 (Kiloton)
Table 93 Middle East & Africa: Crosslinking Agent Market Size,  By Application, 2015–2022 (Kiloton)
Table 94 Middle East & Africa: Crosslinking Agent Market Size,  By Application, 2015–2022 (USD Million)
Table 95 Saudi Arabia: Crosslinking Agent Market Size, By Application, 2015–2022 (Kiloton)
Table 96 Saudi Arabia: Crosslinking Agent Market Size, By Application, 2015–2022 (USD Million)
Table 97 UAE: Crosslinking Agent Market Size, By Application,  2015–2022 (Kiloton)
Table 98 UAE: Crosslinking Agent Market Size, By Application,  2015–2022 (USD Million)
Table 99 South Africa: Crosslinking Agent Market Size, By Application, 2015–2022 (Kiloton)
Table 100 South Africa: Crosslinking Agent Market Size, By Application, 2015–2022 (USD Million)
Table 101 Rest of Middle East & Africa: Crosslinking Agent Market Size, By Application, 2015–2022 (Kiloton)
Table 102 Rest of Middle East & Africa: Crosslinking Agent Market Size, By Application, 2015–2022 (USD Million)
Table 103 South America: Crosslinking Agent Market Size By Country, 2015–2022 (Kiloton)
Table 104 South America: Crosslinking Agent Market Size By Country, 2015–2022 (USD Million)
Table 105 South America: Crosslinking Agent Market Size, By Chemistry, 2015–2022 (Kiloton)
Table 106 South America: Crosslinking Agent Market Size, By Chemistry, 2015–2022 (USD Million)
Table 107 South America: Decorative Coatings Crosslinking Agent Market Size,  By Chemistry, 2015-2022 (Kiloton)
Table 108 South America: Industrial Coatings Crosslinking Agent Market Size, By Chemistry, 2015-2022 (Kiloton)
Table 109 South America: Crosslinking Agent Market Size, By Application, 2015–2022 (Kiloton)
Table 110 South America: Crosslinking Agent Market Size, By Application, 2015–2022 (USD Million)
Table 111 Brazil: Crosslinking Agent Market Size By Application, 2015–2022 (Kiloton)
Table 112 Brazil: Crosslinking Agent Market Size By Application, 2015–2022 (USD Million)
Table 113 Argentina: Crosslinking Agent Market Size By Application, 2015–2022 (Kiloton)
Table 114 Argentina: Crosslinking Agent Market Size By Application, 2015–2022 (USD Million)
Table 115 Rest of South America: Crosslinking Agent Market Size,  By Application, 2015–2022 (Kiloton)
Table 116 Rest of South America: Crosslinking Agent Market Size,  By Application, 2015–2022 (USD Million)
 
 
List of Figures (24 Figures)
 
Figure 1 Crosslinking Agent Market: Research Design
Figure 2 Market Size Estimation: Bottom-Up Approach
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Crosslinking Agent Market: Data Triangulation
Figure 5 Industrial to Be the Fastest-Growing Application of Crosslinking Agent Market During the Forecast Period
Figure 6 Isocyanate Chemistry to Dominate the Crosslinking Agent Market During the Forecast Period
Figure 7 Asia-Pacific Dominated the Crosslinking Agent Market in 2016
Figure 8 Crosslinking Agent Market to Witness Rapid Growth Between 2017 and 2022
Figure 9 Asia-Pacific to Lead the Crosslinking Agent Market, 2017–2022
Figure 10 China Accounted for the Largest Share, in Terms of Volume, of the Crosslinking Agent Market, 2016
Figure 11 Isocyanate Chemistry to Account for the Largest Share in the Crosslinking Agent Market, 2017–2022
Figure 12 China to Be the Fastest-Growing Crosslinking Agent Market Between 2017 and 2022
Figure 13 Drivers, Restraints, Opportunities, and Challenges in the Crosslinking Agent Market
Figure 14 Isocyanate Chemistry to Have Highest Market Share Throughout the Forecast Period
Figure 15 Industrial Coatings Segment to Lead Crosslinking Agent Market During the Forecast Period
Figure 16 Regional Snapshot (2017–2022): Rapid Growth Markets are Emerging as New Hotspots
Figure 17 Europe Market Snapshot
Figure 18 Asia-Pacific Market Snapshot
Figure 19 Competitive Leadership Mapping, 2016
Figure 20 BASF SE: Company Snapshot
Figure 21 Covestro AG : Company Snapshot
Figure 22 Evonik Industries: Company Snapshot
Figure 23 Huntsman Corporation :Company Snapshot
Figure 24 Hexion Inc.: Company Snapshot

The crosslinking agent market is projected to reach USD 13.61 Billion by 2022, at a CAGR of 5.3% between 2017 and 2022. Cross-linking is a chemical process of joining two or more molecules by a covalent bond. The growth of the crosslinking agent market is primarily driven by the increasing demand for water-based crosslinking agents. These crosslinking agents have low VOC emissions and are environment-friendly. They are being increasingly used in various applications such as wood coating and automotive coatings. The paints & coatings industry is considered one of the major applications for crosslinking agents in emerging as well as developed economies.

Based on paints & coatings application, the crosslinking agent market has been segmented into decorative coatings and industrial coatings. The industrial coating segment has the largest market share and is also the fastest-growing segment. The growth of the industrial application segment of the crosslinking agent market is primarily driven by the rising demand for water-based and eco-friendly paints & coatings from the industrial applications. The growing powder coatings market is also driving the crosslinking agent market.

Asia Pacific, Europe, and North America are the key crosslinking agent markets. The market in the Asia Pacific region is anticipated to grow at the highest CAGR between 2017 and 2022, in terms of both value and volume. This growth is mainly attributed to the increasing use of crosslinking agents in industrial hubs. The growing use of industrial coatings in automotive and protective coatings applications is further driving the demand for crosslinking agent in Asia Pacific region. The growing construction industry is also boosting the crosslinking agent demand in the region.

Cross Linker Market

Based on chemistry, the crosslinking agent market has been categorized into amino, isocyanate, aziridine, carbodiimide, amine, and amide, among others. The isocyanate crosslinking agent segment is the largest chemistry segment of the crosslinking agent market, in terms of value. Isocyanates are used in a wide range of coating applications, such as high performance, decorative, appliances, and automotive coatings [for plastic fabrication in 2 and 4 wheelers, in bumpers, and by OEM (by air drying)]. Moreover, other applications such as can/coil, heat resistant paint, powder, wood, and floor coating are also driving the demand for isocyanate crosslinking agents. The amino crosslinking agent segment is the fastest-growing chemistry segment of the crosslinking agent market, in terms of value. This growth is mainly attributed to their extensive use in industries such as automotive, packaging, metal, OEM, and industrial wood coatings. Applications such as general industrial, powder, plastic, metal, protective, and decorative coatings are further boosting its demand.

The high cost and non-recyclable properties of some crosslinking agents, such as aziridine and isocyanate, are expected to restrain the growth of the crosslinking agent market. In addition, the availability of self-crosslinking agents, which are an alternative to chemical crosslinking agents, is further restraining the growth of the market. BASF SE (Germany), Covestro AG (Germany), Evonik Industries (Germany), Huntsman Corporation (US), and Wanhua Chemical Group Co., Ltd. (China) are the leading companies in the crosslinking agent market. These companies are expected to account for a significant market share in the near future.

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