Crosslinking is a kind of chemical process of connecting links between polymer chains. The polymer chains can be referred to as natural polymers or synthetic polymers. The connection may be a covalent or ionic bond. In most of the cases, the crosslink is a covalent structure.
Besides, the quickly increasing powder coatings market worldwide is also leading to a high requirement for crosslinking agents.
However, the high worth of crosslinking agents for ornamental coatings is preventing the expansion of the market, primarily in developing nations such as China, India, and Brazil.
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Market Data Forecast published a report named Crosslinking Agent Market. Global Crosslinking Agent market worth was USD 10.83 billion in 2018. It was expected to reach at a CAGR of 5.3% to reach USD 14.02 billion by 2023.
Report segmented as:
- Industrial Coatings
- Decorative Coatings
Based on geography, the market divided under many countries namely, North America, Middle East, Africa, Latin America, Asia-Pacific, and Europe. North America and Europe are dominating the Crosslinking Agent Market, and Asia-pacific approximated to grow at the highest rate.
Key market players:
- Allnex Holding S.àr.l. (Luxembourg)
- Evonik Industries (Germany)
- Covestro AG (Germany)
- Huntsman Corporation (U.S.)
- Dupont (U.S.)
- BASF SE (Germany)
- Aditya Birla Chemicals (India)
- Lord Corporation (U.S.)
- Hexion Inc. (US)
- Wanhua Chemical Group Co., Ltd. (China)
- Shanghai Sisheng Polymer Materials Co., Ltd. (China)
- Ineos (Switzerland)
- Stahl Holdings BV (Netherlands)
- The Dow Chemical Company (U.S.)
- Angus Chemical Company (U.S.)
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The Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed, and the prospects with huge growth potential identified and debated.
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