Crosslinking Agents Market Size, Share, Growth, Trends by 2032

According to an in-depth industry analysis by Fact.MR, a provider of market research and competitive intelligence, the global crosslinking agents market is expected to grow at a CAGR of 4%, reaching a valuation of US$ 18.45 billion by 2032.

Crosslinking is applied in both biological and synthetic chemistry to modify the physical and mechanical properties of polymers. The extent of these changes depends on the crosslink density: lower density reduces viscosity, while higher density results in increased stiffness.

Covalent crosslinking techniques are widely used in scientific and industrial applications, particularly in coatings and thermosets, to enhance the properties of polymers. Crosslinking agents play a crucial role in altering polymer chains, improving cohesion, increasing thermal resistance, and minimizing tackiness and peel.

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One of the primary factors driving the growth of the crosslinking agents market is the increased use of powder coatings across the world. Electrical wires, hot water pipes, specially molded containers, thermal insulation, automotive trims, and sports equipment are just a few of the end uses of crosslinking agents. Consequently, the expanding automotive, coating, and pulp & paper sectors around the world will play a key role in driving the demand for crosslinking agents over the coming years.

Key Takeaways from Market Study

Global crosslinking agents market to reach a valuation of US$ 18.45 billion by 2032.
Market in North America is projected to increase at a CAGR of 4% over the forecast period.
Europe accounts for 25% share of the global market.
Consumption of amino crosslinking agents is expected to rise at a CAGR of 5.1% from 2022 to 2032.
“Consumption of crosslinking agents has always been significantly higher in automotive applications. Because of the constant demand for coatings in the transportation sector, i.e. various types of vehicles, the market is expected to continue to thrive over the coming years,” says a Fact.MR analyst

Read More: https://www.factmr.com/report/crosslinking-agents-market

Winning Strategy

Key market players are prioritizing the expansion of their sales and distribution networks, while also focusing on increasing manufacturing capacities across various regions to meet growing global demand and better serve customer needs.

As the demand for crosslinking agents continues to rise, companies are poised to capitalize on significant growth opportunities in the coming years.

For example, in January 2021, Huntsman Advanced Materials acquired Gabriel Performance Products from Audax Private Equity, bolstering its portfolio and market presence.
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More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global crosslinking agents market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032.

The study divulges essential insights on the market on the basis of chemistry (amino, isocyanate, aziridine, carbodiimide, amine, amide, other chemistry) and application (decorative coatings, industrial coatings), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).

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