Product Overview

Adhesion promoters are the coupling agents that function as the interface between an inorganic surface and organic polymer to enhance adhesion between the two materials. This chemical increases the adhesive strength of the coatings by strengthening the bond between the substrate and the coating. Adhesion parameter functions in any of the three ways, such as, as a primer between coating layers, a primer between substrate and coatings, or as an additive in the preparation of paints and coatings, rubbers, inks, and polymers among others. They are used in extremely high and low-temperature environments, low-surface energy products, and a wide range of applications such as paints and coatings. This material also aids in manufacturing weatherable paints and high-performance rubbers and also enhances the reliability of semiconductors and flat-panel displays.

Market Highlights

Global Adhesion Promoter Market is expected to project a notable CAGR of 5.4% in 2030.

Global Adhesion Promoter Market to reach USD 4.91 billion by 2030 from USD 2.84 billion in 2020 at a CAGR of 5.4% in the coming years, i.e., 2021-30. Global Adhesion Market is anticipated to witness lucrative growth opportunities in the coming years. This growth is attributed to the mounting use of the material in the automotive sector and electrical and electronic industry, rising public interest towards environment-friendly products, increasing application in the packaging industry. Mergers &acquisitions, technological advancements, and consistent research & development activities are some of the few strategies opted by the key market players.

Global Adhesion Promoter Market: Segments

Plastics and Composites segment to grow with the highest CAGR during 2020-30

Global Adhesion Promoter Market is bifurcated by application into Plastics & Composites, Paints & Coatings, Rubber, Adhesives, Metals, and Others. Among these, the plastics and composites segment held the largest market share of 33.4% in the year 2020. As per the Fatpos Global Analysis, plastics and composites is the most dominant segment and thus, is expected to rise at a CAGR of 5.4% during the forecast period. These materials are mostly used in the manufacturing of precision-engineered products, due to its beneficial product properties which comprise chemical resistance, flexibility, and lightweight. The segment’s growth is attributed to the mounting consumption of plastics in the automotive industry which leads to fuel savings by reducing overall car weight.

Silane segment to grow with the highest CAGR during 2020-30

Global Adhesion Promoter Market is bifurcated by type into Silane, Maleic Anhydride, Chlorinated Polyolefins, Titanate & Zirconate, and Others. Among these, the silane segment held the largest market share of 40.4% in the year 2020. As per the Fatpos Global Analysis, Silane is the most dominant segment and thus, is expected to rise at a CAGR of 5.4% during the forecast period. Silane is the most used adhesion promoter owing to its commendable chemical properties. It is used for ultra hydrophobic treatments in epoxy, urethane, and acrylic systems. Prices of Silanes and Titanate and Zirconate are higher, hence greater revenue mix when compared with the volume mix.

Building and Construction segment to grow with the highest CAGR during 2020-30

Global Adhesion Promoter Market is bifurcated by end-user into Building & Construction, Automotive & Transportation, Packaging, Electronics, and Others. Among these, the building and construction segment held the largest market share of in the year 2020. As per the Fatpos Global Analysis, building and construction is the most dominant segment and thus, is expected to rise at a CAGR of 5.4% during the forecast period. Building & Construction and Packaging are price-sensitive markets, while Automotive, electronics use higher ASP products.

Market Dynamics

Drivers

High demand in the automotive industry

Demand for adhesion promoters is rising in the automotive industry for improving the adhesion on inks on tire labeling and the strength of paints and coatings on automotive parts & components is anticipated to drive the demand for adhesion promoters in the coming years. Also, developments and innovations in advanced multilayers packaging and advance composites have led to an increase in demand of the adhesion promoters in the plastics and composites industry. The market’s growth is driven by the mounting consumption of plastics in the automotive industry which are being integrated to downsize the overall car weight and fosters energy efficiency.

Proliferating application in the paints and coatings industry

Adhesion promoter enhances the film adhesion by its affinity with the liquid coating and substrate. Wetting of the liquid coating to the substrate is a crucial process in the coatings industry. Besides, adhesion promoter’s application as a paint additive is projected to accelerate its demand in the paint industry. Adhesion promoters mixed with paints and coatings help the film to keep its functional and optical properties. Paint formulation, application conditions, ageing atmosphere, curing, are a few factors that influence adhesion, whereas, a perfect adhesion also depends on the choice of the adhesion promoter in the paints and coatings formulations. Silanes, chlorinated polyolefins, and others are the type of adhesion promoters which have their own properties that are used in various applications such as packaging, automotive, and paper, further escalating the product demand in the coming years.

Restraint

Environmental concerns

Adhesion promoters adversely impact the environment in terms of VOC contribution which has led the governments to impose stringent rules and statutory norms impeding the growth of the global market. Also, the underdeveloped recycling industry in the developing and under-developed economies is also inhibiting the growth of the global adhesion promoter’s market.

Global Adhesion Promoter Market: Key Players

3M

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

Air Products and Chemicals, Inc.

AkzoNobel NV

ALTANA

Arkema SA

BASF SE

DowDuPont

Eastman Chemical Company

Evonik Industries AG

Mitsubishi Chemical

Mitsui Chemical

TOYOBO CO. LTD.

Other Prominent Players

Global Adhesion Promoter Market: Regions

Global Adhesion Promoter Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.

As per our estimates, Asia-Pacific’s Adhesion Promoter Market value is estimated at $0.87 billion in 2020 and anticipated to grow at a CAGR of 5.4% during the forecast period of 2021-2030. Asia-Pacific is dominating the global adhesion promoters’ market and is projected to continue leading the market throughout the forecast period. Mounting demand for paints & coatings, plastics & composites, and rubber in the construction industry is driving the demand for adhesion promoters in the region. Growing application of the product in tire labeling and paints & coatings in the automotive industry is also fueling the growth of the market in the region. Economic growth is also one of the major factors leading to the growth of the market since it has necessitated the requirement of both institutional and commercial infrastructure spaces. Various global market players are establishing their manufacturing base in the region due to the easy availability of labor and raw materials.

Global Adhesion Promoter Market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada

Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe

Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC

Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Global Adhesion Promoter Market report also contains analysis on:

Adhesion Promoter Market Segments:

By Application

Plastics & Composites

Paints & Coatings

Rubber

Adhesives

Metals

Others

By Type

Silane

Maleic Anhydride

Chlorinated Polyolefins

Titanate & Zirconate

Others

By End-User

Building & Construction

Automotive & Transportation

Packaging

Electronics

Others

By Form

Liquid

Spray Forms

Adhesion Promoter Market Dynamics

Adhesion Promoter Market Size

Supply & Demand

Market Current Trends/Issues/Challenges

Competition & Companies Involved in the Market

Value Chain of the Market

Market Drivers and Restraints

Global Adhesion Promoter Market Report Scope and Segmentation

Frequently Asked Questions

How big is the Adhesion Promoter market

What is the Adhesion Promoter market growth

Which segment accounted for the largest Adhesion Promoter market share

Who are the key players in the Adhesion Promoter market

What are the factors driving the Adhesion Promoter market

Contents

1. Executive Summary

2. Global Adhesion Promoter Market

1. Product Overview

2. Market Definition

3. Segmentation

4. Assumptions and Acronyms

3. Research Methodology

1. Research Objectives

2. Primary Research

3. Secondary Research

4. Forecast Model

5. Market Size Estimation

4. Average Pricing Analysis

5. Macro-Economic Indicators

6. Market Dynamics

1. Growth Drivers

2. Restraints

3. Opportunity

4. Trends

7. Correlation & Regression Analysis

1. Correlation Matrix

2. Regression Matrix

8. Recent Development, Policies & Regulatory Landscape

9. Risk Analysis

1. Demand Risk Analysis

2. Supply Risk Analysis

10. Global Adhesion Promoter Market Analysis

1. Porters Five Forces

1. Threat of New Entrants

2. Bargaining Power of Suppliers

3. Threat of Substitutes

4. Rivalry

2. PEST Analysis

1. Political

2. Economic

3. Social

4. Technological

11. Global Adhesion Promoter Market

1. Market Size & forecast, 2020A-2030F

1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

12. Global Adhesion Promoter Market: Market Segmentation

1. By Regions

1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. By Application: Market Share (2020-2030F)

1. Plastics & Composites, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. Paints & Coatings, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. Rubber, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

4. Adhesives, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

5. Metals, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

6. Others, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. By Type: Market Share (2020-2030F)

1. Silane, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. Maleic Anhydride, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. Chlorinated Polyolefins, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

4. Titanate & Zirconate, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

5. Others, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

4. By End-User: Market Share (2020-2030F)

1. Building & Construction, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. Automotive & Transportation, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. Packaging, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

4. Electronics, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

5. Other, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

5. By Form: Market Share (2020-2030F)

1. Liquid, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. Spray Forms, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

Company Profile

1. 3M

1. Company Overview

2. Company Total Revenue (Financials)

3. Market Potential

4. Global Presence

5. Key Performance Indicators

6. SWOT Analysis

7. Product Launch

2. Air Products and Chemicals, Inc.

3. AkzoNobel NV

4. ALTANA

5. Arkema SA

6. BASF SE

7. DowDuPont

8. Eastman Chemical Company

9. Evonik Industries AG

10. Mitsubishi Chemical

11. Mitsui Chemical

12. TOYOBO CO. LTD.

13. Other Prominent Players

Consultant Recommendation

**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)