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Overview
Crosslinking Agent Market size is forecast to reach $9.7 billion by 2025, after growing at a CAGR of 5.4% during 2020-2025. 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.
Report Coverage
The report: “Crosslinking Agent Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Crosslinking Agent Industry.
By Chemistry – Alkylating agents (Nitrogen Mustards (Chlorambucil, Cyclophosphamide, Ifosfamide, Mechlorethamine, Melphalan), Nitrosoureas (Carmustine (BCNU), Lomustine (CCNU), Others), Planitum Analogues (Carboplatin, Cisplatin, Oxaloplatin), Antibiotic (Mitomycin).
By Application - Decorative Coatings, Industrial Coatings (Transportation Coatings, Industrial Wood Coatings, Protective Coatings, Marine Coatings, General Industrial Coatings), Others.
By Geography – North America, South America, Europe, APAC, RoW.
Key Takeaways
- Asia-Pacific dominates the Crosslinking Agent market owing to increasing demand as applications from coatings industries.
- The growing popularity for transportation and marine coatings, is likely to aid in the market growth of fuel additives
- Increasing adoption of sustainable and environment friendly products, will increase the market demand for Crosslinking Agent in the near future.
- COVID 19 pandemic will create hurdles for the Crosslinking Agent market
Chemistry - Segment Analysis
Alkylating agents segment holds the largest market share in the crosslinking agent market. Alkylating agents are compounds that work by adding an alkyl group to the guanine base of the DNA molecule, preventing the strands of the double helix from linking as they should. This causes breakage of the DNA strands, affecting the ability of the cancer cell to multiply. Eventually, the cancer cell dies. Alkylating agents were one of the first classes of drugs to be used against cancer. Trabectedin is classed as a tetrahydroisoquinoline alkaloid, and unlike traditional alkylating agents, it binds to the minor groove of DNA and alkylates guanine at the N2 position. Alkylating agents are effective during every phase of the life cycle of a cancer cell, which means they are effective for treating a wide range of cancers. They are most effective for treating slow-growing cancers such as leukemia and solid tumors, but are also used in the treatment of breast, lung, ovarian, and prostate cancers.
Application - Segment Analysis
Industrial Coatings has been the primary market for Crosslinking Agent for many years. Due to increase in the global spending, the consumption of Crosslinking Agent has always been considerably high in automotive application in comparison to other applications. Because of the continuous requirement of coatings in the transportation sector i. e vehicles of different types, So the market will always remain healthy. At the coating surface, where oxygen is present, aerobic cure takes place below the surface, where no oxygen is present, anaerobic cure occurs. Below the surface, curing occurs much faster than above since oxygen is a good free radical scavenger. Therefore, key to achieving uniform and complete cure is the elimination of oxygen at the surface either by mechanical means, such as inerting the atmosphere with nitrogen, or by chemical means, through the use of metal driers and monomers that are good oxygen scavengers.
Geography - Segment Analysis
APAC dominated the Crosslinking Agent market with a share of more than xx%, followed by North America and Europe. Countries such as India, China are the major market for Crosslinking Agents, owing to the larger area and higher population. Because of the large population and constant requirements of public demand, these countries will be considered to be the great markets. Whereas increase in demand for paints and coatings market, construction & building sector will also increase and owing tot that the overall market demand for crosslinking agent market will grow. Few of the governments’ regulations towards construction of homes for poor people will further increase the demand for crosslinking market.
Drivers – Crosslinking Agent Market
Growing demand for other applications
As the coatings market itself is a greater market. So there are various no. of applications in the coatings market which are namely decorative coatings, different types of industrial coatings. Decorative coatings is another market which is growing very nicely and is expected to witness and increase in demand in the forecast period.
Whereas different industrial coatings which are wood coatings, protective coatings with others demands are also increasing in the market day by day.
Implementation of Stringent Environment Regulations
Implementation of stringent government regulations related to Construction or infrastructure will increase the market demand for Acrylic Emulsions in the near future. In India government launches Pradhan Mantri Awas Yojana (Urban) Mission launched on 25th June 2015 which intends to provide housing for all in urban areas by year 2022. The Mission provides Central Assistance to the implementing agencies through States/Union Territories (UTs) and Central Nodal Agencies (CNAs) for providing houses to all eligible families/ beneficiaries against the validated demand for houses for about 1.12 cr. As per PMAY(U) guidelines, the size of a house for Economically Weaker Section (EWS) could be upto 30 sq. mt. carpet area, however States/UTs have the flexibility to enhance the size of houses in consultation and approval of the Ministry.
Challenges – Crosslinking Agent Market
Impact of COVID 19 on the Crosslinking Agents market
The rapid spread of coronavirus has had a major impact on global markets as, major economies of the world are completely lockdown due to this pandemic. Because of this major lockdown, suddenly all the consumer market has started to show zero interest towards purchasing any goods. One of the major difficulties, market is facing are the shutdown of all kinds of transportation. Global crisis for all sectors including shipping, which was hit by slowing demand in goods’ production and exports had slowdown the market for Crosslinking agents.
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Crosslinking Agent market. In 2019, the market of Crosslinking Agent has been consolidated by the top five players accounting for xx% of the share. Major players in the Crosslinking Agent Market Allnex group, Angus Chemical Company, BASF SE, Baxenden Chemicals Limited, Covestro AG, among others.
Acquisitions/Technology Launches
- In June 17, 2016 – BASF has signed an agreement to acquire Albemarle’s global surface treatment business, Chemetall. The purchase price is $3.2 billion.
1. Crosslinking Agent Market - Market Overview
1.1 Definitions and Scope
2. Crosslinking Agent Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by Chemistry
2.3 Key Trends by Application
2.4 Key Trends by Geography
3. Crosslinking Agent Market - Landscape
3.1 Comparative analysis
3.1.1 Market Share Analysis- Top Companies
3.1.2 Product Benchmarking- Top Companies
3.1.3 Top 5 Financials Analysis
3.1.4 Patent Analysis- Top Companies
3.1.5 Pricing Analysis
4. Crosslinking Agent Market - Startup companies Scenario Premium (Premium)
4.1 Top startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Crosslinking Agent Market – Industry Market Entry Scenario Premium (Premium)
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top companies
6. Crosslinking Agent Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Market Opportunities
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Crosslinking Agent Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Market life cycle
7.4 Suppliers and distributors Analysis
8. Crosslinking Agent Market– By Chemistry (Market Size -$Million)
8.1 Alkylating agents
8.1.1 Nitrogen Mustards
8.1.1.1 Chlorambucil
8.1.1.2 Cyclophosphamide
8.1.1.3 Ifosfamide
8.1.1.4 Mechlorethamine
8.1.1.5 Melphalan
8.1.2 Nitrosoureas
8.1.2.1 Carmustine (BCNU)
8.1.2.2 Lomustine (CCNU)
8.1.3 Others
8.2 Planitum Analogues
8.2.1 Carboplatin
8.2.2 Cisplatin
8.2.3 Oxaloplatin
8.3 Antibiotic
8.3.1 Mitomycin
9. Crosslinking Agent Market– By Application (Market Size -$Million)
9.1 Decorative Coatings
9.2 Industrial Coatings
9.2.1 Transportation Coatings
9.2.2 Industrial Wood Coatings
9.2.3 Protective Coatings
9.2.4 Marine Coatings
9.2.5 General Industrial Coatings
9.3 Others
10. Crosslinking Agent Market - By Geography (Market Size -$Million)
10.1 North America
10.1.1 U.S.
10.1.2 Canada
10.1.3 Mexico
10.2 South America
10.2.1 Brazil
10.2.2 Argentina
10.2.3 Colombia
10.2.4 Chile
10.2.5 Rest of South America
10.3 Europe
10.3.1 U.K
10.3.2 Germany
10.3.3 Italy
10.3.4 France
10.3.5 Russia
10.3.6 Spain
10.3.7 Netherlands
10.3.8 Belgium
10.3.9 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 South Korea
10.4.5 Australia & New Zealand
10.4.6 Rest of Asia Pacific
10.5 RoW
10.5.1 Middle East
10.5.1.1 UAE
10.5.1.2 Saudi Arabia
10.5.1.3 Israel
10.5.1.4 Rest of Middle East
10.5.2 Africa
10.5.2.1 South Africa
10.5.2.2 Nigeria
10.5.2.3 Rest of Africa
11. Crosslinking Agent Market- Entropy
11.1 New Product Launches
11.2 M&A’s, Collaborations, JVs and Partnerships
12. Market Share Analysis (Premium)
12.1 Market Share by Country- Top companies
12.2 Market Share by Region- Top companies
12.3 Market Share by type of Product / Product category- Top companies
12.4 Market Share at global level- Top companies
12.5 Best Practices for companies
13. Crosslinking Agent Market- List of Key Companies by Country (Premium)
14. Crosslinking Agent Market Company Analysis
14.1 Market Share, Company Revenue, Products, M&A, Developments
14.2 Company 1
14.3 Company 2
14.4 Company 3
14.5 Company 4
14.6 Company 5
14.7 Company 6
14.8 Company 7
14.9 Company 8
14.10 Company 9
14.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"
LIST OF TABLES
LIST OF FIGURES
1.US Crosslinking Agent Market Revenue, 2019-2024 ($M)2.Canada Crosslinking Agent Market Revenue, 2019-2024 ($M)
3.Mexico Crosslinking Agent Market Revenue, 2019-2024 ($M)
4.Brazil Crosslinking Agent Market Revenue, 2019-2024 ($M)
5.Argentina Crosslinking Agent Market Revenue, 2019-2024 ($M)
6.Peru Crosslinking Agent Market Revenue, 2019-2024 ($M)
7.Colombia Crosslinking Agent Market Revenue, 2019-2024 ($M)
8.Chile Crosslinking Agent Market Revenue, 2019-2024 ($M)
9.Rest of South America Crosslinking Agent Market Revenue, 2019-2024 ($M)
10.UK Crosslinking Agent Market Revenue, 2019-2024 ($M)
11.Germany Crosslinking Agent Market Revenue, 2019-2024 ($M)
12.France Crosslinking Agent Market Revenue, 2019-2024 ($M)
13.Italy Crosslinking Agent Market Revenue, 2019-2024 ($M)
14.Spain Crosslinking Agent Market Revenue, 2019-2024 ($M)
15.Rest of Europe Crosslinking Agent Market Revenue, 2019-2024 ($M)
16.China Crosslinking Agent Market Revenue, 2019-2024 ($M)
17.India Crosslinking Agent Market Revenue, 2019-2024 ($M)
18.Japan Crosslinking Agent Market Revenue, 2019-2024 ($M)
19.South Korea Crosslinking Agent Market Revenue, 2019-2024 ($M)
20.South Africa Crosslinking Agent Market Revenue, 2019-2024 ($M)
21.North America Crosslinking Agent By Application
22.South America Crosslinking Agent By Application
23.Europe Crosslinking Agent By Application
24.APAC Crosslinking Agent By Application
25.MENA Crosslinking Agent By Application
26.BASF SE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Covestro AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Allnex Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Evonik Industries, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Huntsman Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Aditya Birla Chemicals, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Hexion Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Ineos, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.The DOW Chemical Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Sealed Air Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Lord Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Stahl Holdings BV, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Dupont, Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.D S M Coating Resins, Sales /Revenue, 2015-2018 ($Mn/$Bn)
40.Momentive Performance Materials Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
41.Nagase America Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
42.Incorez Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
43.Baxenden Chemicals Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
44.Angus Chemical Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
45.Super Urecoat Industries, Sales /Revenue, 2015-2018 ($Mn/$Bn)
46.Elantas GmbH, Sales /Revenue, 2015-2018 ($Mn/$Bn)
47.MEL Chemicals, Sales /Revenue, 2015-2018 ($Mn/$Bn)