Email
Print
Coupling Agents Market Overview
The Coupling Agents Market size is estimated to reach US$610 million by 2027, after growing at a CAGR of 4.6% during the forecast period 2022-2027. Coupling agents are the chemicals that are used to increase the bonding between polymer matrix and fiber surface. The growing automotive sector is driving the coupling agents market growth, to be utilized for improving the rolling resistance of the automotive tires, their wet traction, for sealing and joining of automotive parts and for other applications. Moreover, the increasing requirement for coupling agents such as sulfur silane, vinyl silane, amino silane and others in the electrical & electronics industry for the manufacturing of tablets, monitors, outdoor signage and other electrical and electronic devices is anticipated to upsurge the growth of the coupling agents industry during the forecast period. The global economic downturn caused by the COVID-19 pandemic resulted in a huge drop in building & construction, electronic devices, automotive and other end-use industries all across the world, which had a significant impact on the growth of the coupling agents market size.
Coupling Agents Market Report Coverage
The “Coupling Agents Market Report – Forecast (2022 - 2027)” by IndustryARC, covers an in-depth analysis of the following segments in the coupling agents industry
By Type: Sulfur Silane, Vinyl Silane, Amino Silane, Epoxy Silane and Others.
By Application: Rubber & Plastics, Fiber Treatment, Adhesives & Sealant, Paints
& Coatings and Others.
By End-use Industry: Medical & Healthcare, Automotive (Passenger Cars, Light Commercial
Vehicles, Heavy Commercial Vehicle), Power & Energy, Chemical &
Petrochemical, Electrical & Electronics, Building and Construction
(Residential, Commercial, Industrial, Infrastructure) and Others.
By Geography: North
America (the USA, Canada and Mexico), Europe (UK, Germany, France, Italy,
Netherlands, Spain, Belgium and the Rest of Europe), Asia-Pacific (China, Japan,
India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and
Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and Rest of
South America), Rest of the World (the Middle East and Africa).
Key Takeaways
- The Asia-Pacific region dominates the Coupling Agents Market owing to the rising growth in the building and construction industry. For instance, according to Invest India, by 2025, the building and construction industry is estimated to reach US$1.4 trillion.
- Rapidly rising demand for Coupling Agents in the automotive industry for improving the rolling resistance of the automotive tires, their wet traction and manufacturing efficiency, has driven the growth of the coupling agents market.
- The increasing demand for Coupling Agents in the electrical & electronics industry, due to its usage in the manufacturing of tablets, monitors, outdoor signage and other electrical and electronic devices, has been a critical factor driving the growth of the coupling agents market in the upcoming years.
- However, the high cost of production of Coupling Agents can hinder the growth of the coupling agents market.
Figure: Coupling Agents Market Revenue Share, By Geography, 2021 (%)
For More Details on This Report - Request for Sample
Coupling
Agents Market
Segment Analysis – by Application
The paints & coatings segment held the largest Coupling Agents Market share in 2021 and is estimated to grow at a CAGR of 4.8% during the forecast period 2022-2027. Coupling agents paints & coatings have high longevity, durability and are non-flammable. These agents are utilized in paints and coatings to increase adhesion. Coupling agents such as sulfur silane, vinyl silane, amino silane and others, enhance UV and thermal stability, chemical resistance, surface strength, corrosion and scratch resistance. The market for the paints and coatings segment is estimated to increase, due to rapidly growing modern advances in paint technology and housing construction activities. For instance, according to the India Brand Equity Foundation, in 2021, under the Union Ministry of Housing and Urban Affairs' ambitious Pradhan Mantri Awas Yojana (PMAY) scheme, the federal government investment to build 20 million affordable houses in metropolitan areas across the country and therefore, the residential building sector is set to expand dramatically. Thus, the rising construction activities require more paints & coatings, which is driving the coupling agents market growth, to be utilized in these paints & coatings.
Coupling
Agents Market
Segment Analysis – by End-use Industry
The building & construction industry held the largest Coupling Agents Market share in 2021 and is estimated to grow at a CAGR of 5.1% during the forecast period 2022-2027. In the building & construction industry, coupling agents are utilized in adhesives & sealants, paints and coatings, to increase the bonding between polymer matrix and fiber surface and other applications, to significantly reduce porosity in renders, concrete and plasters, making them water repellent. It is used for joining and sealing the passage of fluids, as a type of mechanical seal. The building and construction industry is growing, for instance, according to the U.S Department of Commerce, the privately-owned housing units authorized by building permits in March 2022 were around 1,873,000 which is 0.4% above February 2022 of 1,865,000 units and is 6.7% above March 2021 of around 1,755,000 units. Moreover, according to Statistics of Japan, the number of construction contract orders went from 6,00,46,960 units in 2020 to 6,36,10,223 in 2021 and has witnessed a growth in 2021 (Jan-July) compared to 2020(Jan-July). Thus, the growing building and construction industry will require more coupling agents for adhesives & sealants, paints and coatings and concrete due to their exhibit characteristics, which will drive the demand for the coupling agents market growth during the forecast period.
Coupling
Agents Market
Segment Analysis – by Geography
Asia-Pacific region dominated the Coupling Agents Market share by 45% in the year 2021, due to the increasing requirement for coupling agents in developing countries such as China, Japan, India and South Korea. China is expected to continue its dominance in the coupling agents market during the forecast period. This is due to the growth of the building & construction industry in the country. For instance, according to International Trade Administration (ITA), China is the world’s largest construction market and is forecasted to grow at an annual average growth of 8.6% between 2022 and 2030. Moreover, in Singapore, according to the Australian Government, the building and construction sector remains healthy in Singapore, with strong government spending on public infrastructure, of about S$2 billion (US$1.43 billion) in contracts being awarded each month. Such increasing building & construction activities in the APAC countries are anticipated to increase the demand for coupling agent products in the forecasted period and are proving to be a market booster for the coupling agents market size in this region.
Coupling
Agents Market
Drivers
Growing Automotive Industry:
In the automotive industry, Coupling
Agents are utilized to seal small cracks in engine cooling systems, radiators
and head gaskets and to enhance the
bonding between polymer matrix and fiber surface. The head gaskets often
become brittle over time and can cause leakage. Coupling agents seal these
leaks, permitting the gaskets to function for a longer duration. These agents
improve the rolling resistance of the automotive tires, their wet traction and
manufacturing efficiency. The automotive industry is growing, for instance,
according to the European Automobile Manufacturers' Association (ACEA), in
2021, 79.1 million motor vehicles were produced around the world, an increase
of 1.3% compared to 2020. Also, according to the Organisation Internationale
des Constructeurs d'Automobiles (OICA), in the USA, the production of motor
vehicles increased from 62,39,401 units in 2020 to 68,57,182 units in the year
2021. Moreover, in Austria, motor vehicle production increased from 86,300
units in 2020 to 92,000 units in the year 2021. With the increasing production
of automobiles, it is estimated that in the upcoming years the requirement for coupling
agents in the automotive industry will rise. This will boost the growth
of the coupling agents industry.
Increasing Electrical & Electronics Industry:
The electrical and electronics industry uses Coupling Agents such as sulfur silane, vinyl silane, amino silane and others, due to their properties such as high temperature, UV and humidity resistance, high cohesion, peel strength and high transmittance. Coupling agents are used in the manufacturing of tablets, monitors, mobile phones, televisions, outdoor signage and other electrical and electronic devices. The electrical and electronics industry is growing, for instance, according to the Indian Brand Equity Foundation (IBEF), the Indian electronics manufacturing industry is projected to reach US$520 billion by 2025. Moreover, according to Invest India, domestic production of electronics hardware reached US$76 billion in 2019-2020, with a CAGR of around 23% and production-linked incentives of INR 40,951 crores (US$5544 million), funded over a period of 5 years. Thus, increasing electrical and electronic device production will require more coupling agents and therefore, is estimated to increase the growth of the coupling agents market.
Coupling
Agents Market
Challenge
High Cost of Manufacturing:
Producers are making efforts to minimize the cost of manufacturing Coupling Agents, by implementing new technologies and reducing the price of raw materials. The switching cost for coupling agents is very high and the application of coupling agent technology in tire production is more costly than carbon black. For instance, German multinational chemical company WACKER AG announced to increase the cost of the coupling agent product range. The strengthening costs for packaging materials and pandemic-related restrictions are the additional factors increasing the cost of coupling agents, as stated by the company. Thus, the high cost of production of coupling agents will create hurdles for the market's growth.
Coupling Agents
Market Industry Outlook
Technology launches, acquisitions and R&D activities are key strategies players adopt in the coupling agents markets. The top 10 companies in the coupling agents market are:
1. Jingzhou Jianghan Fine Chemical Co. Ltd.
2. Nanjing Shuguang Chemical Group Co. Ltd.
3. Wacker Chemie AG
4. Evonik Industries AG
5. WD Silicone Company Limited
6. Momentive Performance Materials Inc.
7. DowDuPont Inc.
8. Shin-Etsu Chemicals Co. Ltd.
9. Gelest Inc.
10. Nanjing Union Silicon Chemical Co. Ltd.
Recent Developments
- In October 2021, Evonik Industries AG announced that it has extended its distribution agreement with Brenntag for its Dynasylan product line to 16 countries in Eastern Europe. Effective immediately, Brenntag will additionally distribute the silane products in Poland, Czech Republic, Slovenia, Slovakia, Hungary, Serbia, Romania, Bulgaria, Croatia, Macedonia, Bosnia and Herzegovina, Kosovo, Albania, Estonia, Latvia and Lithuania.
- In January 2021, Momentive acquired the silicone business of KCC corporation in South Korea and UK. The company also acquired a sales operation in China. It aims to strengthen the company’s position in the Asia Pacific region, including Korea, a country with strong and growing demand for silicones and specialty materials.
- In September 2020, Evonik Industries AG expanded its production capacity for integrated silica and silane products in Antwerp, Belgium. It aims to expand its geographical presence and production capacity.
Relevant Reports
Report Code: CMR 0558
Report Code: CMR 0676
Report Code: AGR 0017
For more Chemicals and Materials Market reports, please click here