The crosslinking agent market is projected to reach USD 13.61 Billion by 2022, at a CAGR of 5.3% by value from 2017 to 2022. The extensive usage of cross linkers in industrial coatings such as automotive, marine, and protective coatings is driving the growth of the crosslinking agent market.
Download PDF @ https://tinyurl.com/y32m2n9k

The amino crosslinking agent segment is estimated to be the largest type segment of the crosslinking agent market, in terms of volume. This high market share is mainly attributed to its usage across various applications, such as automotive, packaging, metal, OEM, and industrial wood coatings. It also finds application in general industrial, powder, plastic, metal, protective, and decorative coatings.

Asia Pacific, Europe, and North America are the key crosslinking agent markets. The market in the Asia Pacific region is anticipated to grow at the highest CAGR between 2017 and 2022, in terms of both value and volume. This growth is mainly attributed to the increasing use of crosslinking agents in industrial hubs. The growing use of industrial coatings in automotive and protective coatings applications is further driving the demand for crosslinking agent in Asia Pacific region. The growing construction industry is also boosting the crosslinking agent demand in the region.

Key companies operating in this market include BASF SE (Germany), Covestro AG (Germany), Huntsman Corporation (US), Wanhua Chemical Group Co., Ltd. (China), and Evonik Industries (Germany).
New product developments, mergers & acquisitions, and expansions are the key strategies adopted by leading players in this market to strengthen their geographic reach, especially in regions such as Asia Pacific and North America. These players are focused on increasing their production capacities of cross linker, thereby addressing the growing demand for cross linker from various paints & coatings applications such as automotive, can/coil, and marine, among others.

BASF SE adopted new product launches and mergers & acquisitions as its key strategies to enhance its presence in the crosslinking agent market. For instance, in 2016, the company launched cross linkers Joncryl 8310 and Basonat HW2100 for high quality, durable coatings. The company also launched Nylon 66 in October 2014. These water-based crosslinking agents are less harmful to the environment as compared to solvent-borne crosslinking agents, thus encouraging manufacturers to switch to waterborne crosslinking agents.

Request report sample @ https://tinyurl.com/y5w7w86n

Evonik Industries has adopted acquisitions, joint ventures, and expansions as its strategies for the growth. For instance, in March 2017, Evonik Industries and Forward Engineering (Germany) established a joint venture VESTARO for amine crosslinking agents which will help increase the company’s product offerings. In January 2017, the company acquired Specialty & Coating Additives business of Air Products (US) to improve its product portfolio and achieve lucrative growth in the specialty additives market. The company also started two new plant units for cross-linking activators in December 2014 to improve its customer base.

For more Info Visit Blog: https://chemicalsresearchmarket.wordpress.com/blog/

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact MarketsandMarkets™:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]