Cross Linking Agents Market

Cross Linking Agents Market by Chemistry (Amino, Amine, Amide, Aziridine, Isocyanate, Carbodiimide), Application (Decorative, Industrial (Transportation Coatings, Industrial, Protective Coatings, Marine Coatings), & Region - Global Forecast to 2028

Report Code: CH 5402 Aug, 2023, by marketsandmarkets.com

Cross Linking Agents Market

The global cross linking agents market is valued at USD 9.9 billion in 2023 and is projected to reach USD 13.6 billion by 2028, growing at 6.5% cagr during the forecast period. The growing focus on sustainability and eco-friendly solutions is leading to the development of novel cross-linking agents that offer reduced environmental impact. Furthermore, advancements in technology and research are enabling the creation of new cross-linking agents with improved efficiency, versatility, and compatibility with different polymer systems, opening further avenues for market expansion.

Attractive Opportunities in the Cross-Linking Agents Market

Cross Linking Agents Market

Note: e-estimated p-projected.

Source: Expert Interviews, Secondary Sources, and MarketsandMarkets Analysis

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Cross Linking  Agents Market

Cross Linking Agents Market Dynamics

Driver: Increasing demand for high performance materials

Increasing demand for high-performance materials have emerged as a driver in the cross linking agents market. Industries such as automotive, aerospace, and electronics require materials with enhanced properties such as strength, durability, and heat resistance. Cross-linking agents play a vital role in achieving these improved material properties by forming covalent bonds between polymer chains, resulting in a three-dimensional network structure. The use of cross-linking agents allows manufacturers to meet the growing demand for high-performance materials that can withstand demanding applications and environments.

Restraint: The environmental and regulatory concerns associated with certain cross-linking agents

The environmental and regulatory concerns associated with certain cross-linking agents act as a restraint in the cross linking agents market. Some traditional cross-linking agents, such as certain epoxy resins or isocyanates, may release volatile organic compounds (VOCs) or hazardous byproducts during the cross-linking process. This can pose health and environmental risks. As a result, there is a growing need for environmentally friendly and low-VOC alternatives. Addressing these concerns and developing sustainable cross-linking agents that meet regulatory requirements present a challenge for the industry.

Opportunities: The growing demand for bio-based and renewable cross-linking agents

With increasing environmental consciousness and the shift towards sustainable practices, there is a rising need for cross-linking agents derived from renewable sources such as plant-based materials or bio-based chemicals. Developing bio-based cross-linking agents not only reduces the reliance on fossil fuels but also offers eco-friendly alternatives with lower carbon footprints. This presents a significant opportunity for companies to innovate and capture a growing market segment focused on sustainability.

Challenges:  The increasing complexity of regulatory compliance

One of the major challenges in the cross-linking agents market is the increasing complexity of regulatory compliance. As environmental and safety regulations become stricter, manufacturers of cross-linking agents need to ensure their products meet the evolving standards. This involves extensive testing, documentation, and compliance with various regional and international regulations. Keeping up with these complex and ever-changing regulatory requirements can be challenging for companies, requiring significant investments in research, testing, and compliance infrastructure. Failure to meet regulatory standards may result in penalties, reputational damage, and loss of market share.

Cross Linking Agents Market Ecosystem

Prominent companies in this market include well-established, financially stable manufacturers of cross linking agents. These companies have been operating in the market for several years and possess a diversified product portfolio and strong global sales and marketing networks. Prominent companies in this market include BASF SE (Germany), Covestro AG (Germany), Allnex Group (Germany), Evonik Industries (Germany), Hunstman Corporation (US).

Cross Linking  Agents Market Ecosystem

Based on chemistry, Amino is projected to account for the largest share of the cross linking agent market

Based on chemistry, amino accounts for the largest market share during the forecast period. Amino compounds, such as amino resins and amino silanes, offer excellent cross-linking capabilities and compatibility with a wide range of polymers. They form strong and stable bonds, resulting in improved mechanical properties, thermal stability, and adhesion. Moreover, amino compounds find extensive applications in various industries, including coatings, adhesives, and sealants, where their versatility and performance benefits are highly valued. Additionally, the continuous research and development efforts in amino chemistry have led to the introduction of advanced and specialized amino-based cross-linking agents, further boosting their dominance in the market.

Based on application, industrial application to be the fastest-growing application segment of the cross linking agents market

Based on application, The majority of the market share for cross linking agents is held by the industrial application, which is also the biggest market segment. the industrial segment encompasses a wide range of industries, including automotive, construction, electronics, and packaging, all of which have a significant demand for cross-linked materials. Cross-linking agents enhance the performance and durability of materials in these industries, providing benefits such as improved mechanical properties, resistance to chemicals and weathering, and increased product lifespan. Moreover, the industrial sector prioritizes product quality, reliability, and regulatory compliance, which drives the demand for cross-linking agents to meet these stringent requirements. The extensive and diverse use of cross-linked materials in industrial applications solidifies the dominance of the industrial application segment in the cross-linking agents market.

Asia Pacific is expected to be the fastest growing market during the forecast period.

Based on the region, Asia Pacific accounts for the fastest growing market. This is primarily driven by the region's strong industrial and manufacturing sectors, particularly in China, India, and Japan, which generate substantial demand for cross-linking agents in industries such as automotive, construction, electronics, and packaging. Additionally, factors like rapid urbanization, infrastructure development, and increasing disposable incomes contribute to the rising demand for high-performance materials that rely on cross-linking agents. Furthermore, supportive government initiatives, investments in research and development, and a growing focus on eco-friendly solutions further bolster the market's growth in the Asia Pacific region.

Cross Linking  Agents Market by Region

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Cross Linking Agents Market Players

The cross linking agents market is dominated by a few major players that have a wide regional presence. The key players in the cross linking agents market are BASF SE (Germany), Covestro AG (Germany), Allnex Group (Germany), Evonik Industries (Germany), Hunstman Corporation (US), Wanhua Chemicals Group Co. Ltd (China), The Dow Chemical Company (US), DSM Coatings Resins (China), and Ineos (UK). In the last few years, the companies have adopted growth strategies such as Product launches, Investments, Acquisitions, and expansions to capture a larger share of the cross linking agents market.

Cross Linking Agents Market Report Scope

Report Metric

Details

Market Size Value in 2023

USD 9.9 billion

Revenue Forecast in 2028

USD 13.6 billion

CAGR

6.5%

Years considered for the study

2021-2028

Base Year

2022

Forecast period

2023–2028

Units considered

Volume (Kilo Tons); Value (USD Million/Billion)

Segments

Chemistry, Application, and Region

Regions

Asia Pacific, North America, Europe, Middle East & Africa, and South America

Companies

BASF SE (Germany), Covestro AG (Germany) Allnex Group (Germany), Evonik Industries (Germany), Hunstman Corporation (US), Aditya Birla Corporation (India), Wanhua Chemicals Group Co. Ltd (China), The Dow Chemical Company (US), DSM Coatings Resins (China), Ineos (UK)

This report categorizes the global cross linking agents market based on chemistry, application grade, and region.

On the basis of chemistry, the cross linking agents market has been segmented as follows:
  • Amino
  • Amine
  • Amide
  • Aziridine
  • Carbodiimide
  • Isocyanate
  • Others
On the basis of application, the cross linking agents market has been segmented as follows:
  • Decorative
  • Industrial
On the basis of region, the cross linking agents market has been segmented as follows:
  • Asia Pacific
  • Europe
  • North America
  • Middle East & Africa
  • South America

Recent Developments

  • In 2023, BASF announced to expand its existing capacity of isocyanate. The company will increase production capacity to approximately 600,000 metric tons per year.
  • In May 2021, Wanhua Chemical announced that Wanhua Chemical (Ningbo) Co., Ltd. plans to implement the MDI/HDI technical transformation and capacity expansion integration project in the existing plant. Wanhua Chemical also plans to build a new 280,000-ton/year modified MDI production unit, with a total capacity of 300,000 tons/year Modified MDI production capacity.

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TABLE OF CONTENTS 
 
1 INTRODUCTION 
    1.1 OBJECTIVES OF THE STUDY 
    1.2 MARKET DEFINITION 
    1.3 SCOPE OF THE STUDY 
    1.4 CURRENCY 
    1.5 PACKAGE SIZE 
    1.6 STAKEHOLDERS 
    1.7 INCLUSIONS & EXCLUSIONS  
 
2 RESEARCH METHODOLOGY 
    2.1 RESEARCH DATA 
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
    2.3 DATA TRIANGULATION 
    2.4 MARKET SIZE ESTIMATION 
    2.5 FORECAST ESTIMATION 
    2.6 RESEARCH ASSUMPTIONS 
    2.7 LIMITATIONS 
 
3 EXECUTIVE SUMMARY 
 
4 PREMIUM INSIGHTS 
    4.1 ATTRACTIVE OPPORTUNITIES IN THE CROSS LINKING AGENTS MARKET 
    4.2 CROSS LINKING AGENTS MARKET, BY TYPE 
    4.3 CROSS LINKING AGENTS MARKET, BY APPLICATION 
    4.4 CROSS LINKING AGENTS MARKET: MAJOR COUNTRIES 
 
5 MARKET OVERVIEW 
    5.1 INTRODUCTION 
    5.2 MARKET SEGMENTATIONS 
    5.3 MARKET DYNAMICS 
           5.3.1 DRIVERS
           5.3.2 RESTRAINTS
           5.3.3 OPPORTUNITIES
           5.3.4 CHALLENGES
 
6 INDUSTRY TRENDS 
    6.1 INTRODUCTION 
    6.2 VALUE CHAIN ANALYSIS 
           6.2.1 RAW MATERIAL
           6.2.2 MANUFACTURERS
           6.2.3 DISTRIBUTORS
           6.2.4 END-USERS
    6.3 PORTER’S FIVE FORCES ANALYSIS 
           6.3.1 THREAT OF SUBSTITUTES
           6.3.2 BARGAINING POWER OF BUYERS
           6.3.3 THREAT OF NEW ENTRANTS
           6.3.4 BARGAINING POWER OF SUPPLIERS
           6.3.5 INTENSITY OF COMPETITIVE RIVALRY
    6.4 PATENT ANALYSIS 
    6.5 MACROECONOMIC FACTORS 
    6.6 IMPACT OF RECESSION ON GLOBAL CROSS LINKING AGENTS MARKET 
    6.7 TRADE ANALYSIS 
    6.8 AVERAGE PRICING ANALYSIS 
           6.8.1 AVERAGE SELLING PRICE BY CHEMISTRY
           6.8.2 AVERAGE SELLING PRICE BY APPLICATIONS
           6.8.2 AVERAGE SELLING PRICE BY REGION
    6.9 ECOSYSTEM MAPPING 
    6.10 TECHNOLOGY ANALYSIS 
    6.11 RAW MATERIAL ANALYSIS 
    6.12 TARIFF AND REGULATORY LANDSCAPE  
    6.13 CASE STUDY ANALYSIS 
 
7 CROSS LINKING AGENTS MARKET, BY CHEMISTRY 
    7.1 INTRODUCTION 
    7.2 AMINO 
    7.3 AMINE 
    7.4 AMIDE 
    7.5 AZIRIDINE 
    7.6 CARBODIIMIDE  
    7.7 ISOCYANATE 
    7.8 OTHERS 
 
8 CROSS LINKING AGENTS MARKET, BY APPLICATION 
    8.1 INTRODUCTION 
    8.2 DECORATIVE 
    8.3 INDUSTRIAL 
           8.3.1 TRANSPORTATION COATINGS
           8.3.2 INDUSTRIAL WOOD COATINGS
           8.3.3 PROTECTIVE COATINGS
           8.3.4 MARINE COATINGS
           8.3.5 CAN/COILCOATINGS
           8.3.6 GENERAL INDUSTRIAL COATINGS
           8.3.7 OTHERS COATINGS
 
9 CROSS LINKING AGENTS MARKET, BY REGION 
    9.1 INTRODUCTION 
    9.2 ASIA-PACIFIC 
           9.2.1 CHINA
           9.2.2 JAPAN
           9.2.3 INDIA
           9.2.4 SOUTH KOREA
           9.2.5 REST OF ASIA-PACIFIC
    9.3 NORTH AMERICA 
           9.3.1 U.S.
           9.3.2 CANADA
           9.3.3 MEXICO
    9.4 EUROPE 
           9.4.1 GERMANY
           9.4.2 UK
           9.4.3 FRANCE
           9.4.4 ITALY
           9.4.5 SPAIN
           9.4.6 REST OF EUROPE
    9.5 MIDDLE EAST AND AFRICA  
           9.5.1 SAUDI ARABIA
           9.5.2 UAE
           9.5.3 SOUTH AFRICA
           9.5.4 REST OF MEA 
    9.6 SOUTH AMERICA  
           9.6.1 BRAZIL
           9.6.2 ARGENTINA
           9.6.3 REST OF SOUTH AMERICA 
 
10 COMPETITIVE LANDSCAPE 
     10.1 INTRODUCTION 
     10.2 STRATEGIES ADOPTED BY KEY CROSS LINKING AGENTSYERS 
     10.3 MARKET SHARE ANALYSIS 
             10.3.1 RANKING OF KEY MARKET CROSS LINKING AGENTSYERS
             10.3.2 MARKET SHARE OF KEY CROSS LINKING AGENTSYERS, 2022
     10.4 REVENUE ANALYSIS OF TOP CROSS LINKING AGENTSYERS 
     10.5 MARKET EVALUATION MATRIX 
     10.6 COMPANY EVALUATION MATRIX 
             10.6.1 STAR
             10.6.2 EMERGING LEADERS
             10.6.3 PERVASIVE
             10.6.4 PARTICIPANT
     10.7 COMPETITIVE BENCHMARKING 
             10.7.1 STRENGTH OF PRODUCT PORTFOLIO
             10.7.2 BUSINESS STRATEGY EXCELLENCE
     10.8 COMPANY FOOTPRINT 
     10.9 COMPANY APPLICATION FOOTPRINT 
     10.10 COMPANY REGION FOOTPRINT 
     10.11 START-UP/SME EVALUATION MATRIX 
             10.11.1 PROGRESSIVE COMPANIES
             10.11.2 DYNAMIC COMPANIES
             10.11.3 RESPONSIVE COMPANIES
             10.11.4 STARTING BLOCKS
     10.12 COMPETITIVE SCENARIO 
             10.12.1 NEW PRODUCT LAUNCHES
             10.12.2 DEALS
             10.12.3 OTHER DEVELOPMENTS
 
11 COMPANY PROFILES*, ** 
((Business Overview, Financials***, Products Offered, Scorecard of Product Offering, Scorecard of Business Strategy, and Recent Developments)
     11.1 BASF SE 
             11.1.1 BUSINESS OVERVIEW
             12.1.2 PRODUCTS OFFERED
             12.1.3 RECENT DEVELOPMENTS
 
12 MNM VIEW 
     12.1 KEY STRENGTHS/RIGHT TO WIN
             12.1.1 STRATEGIC CHOICES MADE
             12.1.2 WEAKNESSES AND COMPETITIVE THREATS
     12.2 COVESTRO AG 
     12.3 ALLNEX GROUP 
     12.4 EVONIK INDUSTRIES 
     12.5 HUNSTMAN CORPORATION 
     12.6 ADITYA BIRLA CORPORATION 
     12.7 WANHUA CHEMICALS GROUP CO. LTD. 
     12.8 THE DOW CHEMICAL COMPANY 
     12.9 DSM COATINGS RESINS 
     12.10 INEOS 
     12.11 OTHERS 
             12.11.1 HEXION INC.
             12.11.2 SEALED AIR CORPORATION
             12.11.3 LORD CORPORATION
             12.11.4 DUPONT 
             12.11.5 SHANGHAI SISHENG POLYMER MATERIAL CO. LTD.
             12.11.6 MOMENTIVE PERFORMANCE INC. 
             12.11.7 NAGASE AMERICA CORPORATION
             12.11.8 INCOREZ LIMITED
             12.11.9 BEXENDEN CHEMICALS LIMITED
             12.11.10 ANGUS CHEMICAL COMPANY
             12.11.11 SHANGHAI ZEALCHEM CO. LTD.
             12.11.12 SUPER URECOAT INDUSTRIES
             12.11.13 ELANTAS GMBH
             12.11.14 MEL CHEMICALS
             12.11.15 STAHL HOLDINGS BV
 
13 APPENDIX 
 
***Details might not be captured in case of unlisted companies.
 
LIST OF TABLES (115 TABLES)
 
TABLE 1 CROSS LINKING AGENTS MARKET: INCLUSIONS & EXCLUSIONS
TABLE 2 ADVERSE HEALTH EFFECTS DUE TO USE OF CONVENTIONAL CROSS LINKING AGENTSSTICS
TABLE 3 REGULATIONS ON USE OF CROSS LINKING AGENTSSTIC BAGS
TABLE 4 CROSS LINKING AGENTS MARKET: PORTER'S FIVE FORCES ANALYSIS
TABLE 5 TOTAL NUMBER OF PATENTS
TABLE 6 PATENTS BY BSF SE
TABLE 7 PATENTS BY COVESTRO AG
TABLE 8 PATENTS BY HUNSTMAN CORPORATION
TABLE 9 TOP TEN PATENT OWNERS
TABLE 10 IMPORT TRADE DATA OF CROSS LINKING AGENTS FOR TOP 10 COUNTRIES, 2012–2022 (USD MILLION)
TABLE 11 EXPORT TRADE DATA OF CROSS LINKING AGENTS FOR TOP 10 COUNTRIES, 2012–2022 (USD MILLION)
TABLE 12 CROSS LINKING AGENTS: ECOSYSTEM
TABLE 13 PROJECTED REAL GDP GROWTH (ANNUAL PERCENT CHANGE) OF KEY COUNTRIES, 2018–2025
TABLE 14 CROSS LINKING AGENTS MARKET SIZE, BY GRADE, 2021–2028 (KILOTON)
TABLE 15 CROSS LINKING AGENTS MARKET SIZE, BY GRADE, 2021–2028 (USD MILLION)
TABLE 16 CROSS LINKING AGENTS MARKET SIZE, BY APPLICATION, 2021–2028 (KILOTON)
TABLE 17 CROSS LINKING AGENTS MARKET SIZE, BY APPLICATION, 2021–2028 (USD MILLION)
TABLE 18 CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (KILOTON)
TABLE 19 CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
TABLE 20 CROSS LINKING AGENTS MARKET SIZE, BY REGION, 2021–2028 (KILOTON)
TABLE 21 CROSS LINKING AGENTS MARKET SIZE, BY REGION, 2021–2028 (USD MILLION)
TABLE 22 ASIA PACIFIC: CROSS LINKING AGENTS MARKET SIZE, BY COUNTRY, 2021–2028 (KILOTON)
TABLE 23 ASIA PACIFIC: CROSS LINKING AGENTS MARKET SIZE, BY COUNTRY, 2021–2028 (USD MILLION)
TABLE 24 ASIA PACIFIC: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (KILOTON)
TABLE 25 ASIA PACIFIC: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
TABLE 26 CHINA: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (KILOTON)
TABLE 27 CHINA: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
TABLE 28 INDIA: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (KILOTON)
TABLE 29 INDIA: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
TABLE 30 JAPAN: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (KILOTON)
TABLE 31 JAPAN: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
TABLE 32 SOUTH KOREA: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (KILOTON)
TABLE 33 SOUTH KOREA: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
TABLE 34 REST OF ASIA PACIFIC: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (KILOTON)
TABLE 35 REST OF ASIA PACIFIC: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
TABLE 36 EUROPE: CROSS LINKING AGENTS MARKET SIZE, BY COUNTRY, 2021–2028 (KILOTON)
TABLE 37 EUROPE: CROSS LINKING AGENTS MARKET SIZE, BY COUNTRY, 2021–2028 (USD MILLION)
TABLE 38 EUROPE: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (KILOTON)
TABLE 39 EUROPE: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
TABLE 40 GERMANY: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (KILOTON)
TABLE 41 GERMANY: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
TABLE 42 UK: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (KILOTON)
TABLE 43 UK: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
TABLE 44 FRANCE: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (KILOTON)
TABLE 45 FRANCE: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
TABLE 46 ITALY: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (KILOTON)
TABLE 47 ITALY: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
TABLE 48 SPAIN: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (KILOTON)
TABLE 49 SPAIN: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
TABLE 50 REST OF EUROPE: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (KILOTON)
TABLE 51 REST OF EUROPE: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
TABLE 52 NORTH AMERICA: CROSS LINKING AGENTS MARKET SIZE, BY COUNTRY, 2021–2028 (KILOTON)
TABLE 53 NORTH AMERICA: CROSS LINKING AGENTS MARKET SIZE, BY COUNTRY, 2021–2028 (USD MILLION)
TABLE 54 NORTH AMERICA: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (KILOTON)
TABLE 55 NORTH AMERICA: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
TABLE 56 US: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (KILOTON)
TABLE 57 US: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
TABLE 58 CANADA: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (KILOTON)
TABLE 59 CANADA: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
TABLE 60 MEXICO: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (KILOTON)
TABLE 61 MEXICO: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
TABLE 62 MIDDLE EAST & AFRICA: CROSS LINKING AGENTS MARKET SIZE, BY COUNTRY, 2021–2028 (KILOTON)
TABLE 63 MIDDLE EAST & AFRICA: CROSS LINKING AGENTS MARKET SIZE, BY COUNTRY, 2021–2028 (USD MILLION)
TABLE 64 MIDDLE EAST & AFRICA: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (KILOTON)
TABLE 65 MIDDLE EAST & AFRICA: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
TABLE 66 SAUDI ARABIA: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (KILOTON)
TABLE 67 SAUDI ARABIA: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
TABLE 68 UAE: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (KILOTON)
TABLE 69 UAE: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
TABLE 70 REST OF MIDDLE EAST & AFRICA: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (KILOTON)
TABLE 71 REST OF MIDDLE EAST & AFRICA: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
TABLE 72 SOUTH AMERICA: CROSS LINKING AGENTS MARKET SIZE, BY COUNTRY, 2021–2028 (KILOTON)
TABLE 73 SOUTH AMERICA: CROSS LINKING AGENTS MARKET SIZE, BY COUNTRY, 2021–2028 (USD MILLION)
TABLE 74 SOUTH AMERICA: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (KILOTON)
TABLE 75 SOUTH AMERICA: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
TABLE 76 BRAZIL: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (KILOTON)
TABLE 77 BRAZIL: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
TABLE 78 REST OF SOUTH AMERICA: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (KILOTON)
TABLE 79 REST OF SOUTH AMERICA: CROSS LINKING AGENTS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
TABLE 80 CROSS LINKING AGENTS MARKET: DEGREE OF COMPETITION
TABLE 81 CROSS LINKING AGENTS MARKET: REVENUE ANALYSIS (USD)
TABLE 82 MARKET EVALUATION MATRIX
TABLE 83 OVERALL COMPANY FOOTPRINT
TABLE 84 COMPANY APPLICATION FOOTPRINT
TABLE 85 COMPANY MATERIAL FOOTPRINT
TABLE 86 COMPANY REGION FOOTPRINT
TABLE 87 NEW PRODUCT LAUNCHES, 2018–2022
TABLE 88 DEALS, 2018—2022
TABLE 89 OTHER DEVELOPMENTS, 2018–2022
TABLE 90 BASF SE: COMPANY OVERVIEW
TABLE 91 BASF SE: PRODUCT LAUNCHES
TABLE 92 BASF SE: DEALS
TABLE 93 BASF SE: OTHERS
TABLE 94 COVESTRO AG CROSS LINKING AGENTS: COMPANY OVERVIEW
TABLE 95 COVESTRO AG CROSS LINKING AGENTS: PRODUCT LAUNCHES
TABLE 96 COVESTRO AG CROSS LINKING AGENTS: DEALS
TABLE 97 COVESTRO AG CROSS LINKING AGENTS: OTHERS
TABLE 98 ALLNEX GROUP: COMPANY OVERVIEW
TABLE 99 ALLNEX GROUP: DEALS
TABLE 100 EVONIK INDUSTRIES: COMPANY OVERVIEW
TABLE 101 EVONIK INDUSTRIES: OTHERS
TABLE 102 HUNSTMAN CORPORATION: COMPANY OVERVIEW
TABLE 103 HUNSTMAN CORPORATION: OTHERS
TABLE 104 ADITYA BIRLA CORPORATION: COMPANY OVERVIEW
TABLE 105 ADITYA BIRLA CORPORATION: DEALS
TABLE 106 ADITYA BIRLA CORPORATION: OTHERS
TABLE 107 WANHUA CHEMICALS GROUP CO. LTD..: COMPANY OVERVIEW
TABLE 108 WANHUA CHEMICALS GROUP CO. LTD.: PRODUCT LAUNCHES
TABLE 109 THE DOW CHEMICAL COMPANY: COMPANY OVERVIEW
TABLE 110 THE DOW CHEMICAL COMPANY: PRODUCT LAUNCHES
TABLE 111 THE DOW CHEMICAL COMPANY: DEALS
TABLE 112 THE DOW CHEMICAL COMPANY: OTHERS
TABLE 113 DSM COATINGS RESINS: COMPANY OVERVIEW
TABLE 114 DSM COATINGS RESINS: OTHERS
TABLE 115 INEOS: COMPANY OVERVIEW
 
 
LIST OF FIGURES (46 FIGURES)
 
FIGURE 1 CROSS LINKING AGENTS: RESEARCH DESIGN
FIGURE 2 MARKET SIZE ESTIMATION: APPROACH 1
FIGURE 3 MARKET SIZE ESTIMATION: APPROACH 2
FIGURE 4 TOP-DOWN APPROACH
FIGURE 5 BOTTOM-UP APPROACH
FIGURE 6 DEMAND-SIDE FORECAST PROJECTIONS
FIGURE 7 CROSS LINKING AGENTS MARKET: DATA TRIANGULATION
FIGURE 8 THERMOFORMING GRADE TO LEAD CROSS LINKING AGENTS MARKET DURING FORECAST PERIOD
FIGURE 9 RIGID THERMOFORM APPLICATION TO LEAD THE MARKET
FIGURE 10 PACKAGING INDUSTRY TO DOMINATE OVERALL CROSS LINKING AGENTS MARKET BETWEEN 2021 AND 2028
FIGURE 11 EUROPE LED CROSS LINKING AGENTS MARKET IN 2020
FIGURE 12 ASIA PACIFIC OFFERS ATTRACTIVE OPPORTUNITIES IN CROSS LINKING AGENTS MARKET DURING FORECAST PERIOD
FIGURE 13 THERMOFORMING SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
FIGURE 14 RIGID THERMOFORM APPLICATION PROJECTED TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 15 PACKAGING SEGMENT PROJECTED TO LEAD OVERALL MARKET
FIGURE 16 MARKET IN UK PROJECTED TO REGISTER HIGHEST CAGR FROM 2021 TO 2028
FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN CROSS LINKING AGENTS MARKET
FIGURE 18 CRUDE OIL PRICES FROM 2014 TO 2020
FIGURE 19 PORTER'S FIVE FORCES ANALYSIS: CROSS LINKING AGENTS MARKET
FIGURE 20 CROSS LINKING AGENTS MARKET: VALUE CHAIN
FIGURE 21 TOTAL NUMBER OF PATENTS
FIGURE 22 NUMBER OF PATENTS YEAR-WISE FROM 2010 TO 2020
FIGURE 23 PATENT ANALYSIS, BY LEGAL STATUS
FIGURE 24 TOP JURISDICTION – BY DOCUMENT
FIGURE 25 TOP 10 COMPANIES/APPLICANTS WITH HIGHEST NUMBER OF PATENTS
FIGURE 26 MANUFACTURING PROCESSES OF CROSS LINKING AGENTS
FIGURE 27 CROSS LINKING AGENTS MARKET: ECOSYSTEM MAPPING
FIGURE 28 TRENDS IN CROSS LINKING AGENTS MARKET
FIGURE 29 AVERAGE YEARLY PRICING, BY GRADE
FIGURE 30 IMPACT OF COVID-19, BASED ON COUNTRY
FIGURE 31 THERMOFORMING GRADE TO BE LARGEST SEGMENT
FIGURE 32 RIGID THERMOFORM TO BE FASTEST-GROWING SEGMENT IN OVERALL MARKET
FIGURE 33 PACKAGING INDUSTRY TO DRIVE CROSS LINKING AGENTS MARKET BETWEEN 2021 AND 2028
FIGURE 34 UK, GERMANY, JAPAN TO BE FASTEST-GROWING MARKETS DURING THE FORECAST PERIOD
FIGURE 35 ASIA PACIFIC: CROSS LINKING AGENTS MARKET SNAPSHOT
FIGURE 36 EUROPE: CROSS LINKING AGENTS MARKET SNAPSHOT
FIGURE 37 NORTH AMERICA: CROSS LINKING AGENTS MARKET SNAPSHOT
FIGURE 38 COMPANIES ADOPTED INVESTMENTS & EXPANSIONS AND NEW PRODUCT DEVELOPMENTS AS KEY GROWTH STRATEGIES BETWEEN 2018–2022
FIGURE 39 RANKING OF TOP FIVE CROSS LINKING AGENTSYERS IN CROSS LINKING AGENTS MARKET, 2022
FIGURE 40 CROSS LINKING AGENTS MARKET SHARE, BY COMPANY (2022)
FIGURE 41 CROSS LINKING AGENTS MARKET: COMPANY EVALUATION MATRIX, 2022
FIGURE 42 CROSS LINKING AGENTS MARKET: STARTUPS AND SMES MATRIX, 2022
FIGURE 43 BASF SE: COMPANY SNAPSHOT
FIGURE 44 ADITYA BIRLA CORPORATION: COMPANY SNAPSHOT
FIGURE 45 TORAY INDUSTRIES, INC.: COMPANY SNAPSHOT
FIGURE 46 EVONIK INDUSTRIES: COMPANY SNAPSHOT

The study involved four major activities in estimating the market size of the Cross Linking Agents market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information for this study. These secondary sources include annual reports, press releases, investor presentations of companies, white papers, certified publications, trade directories, certified publications, articles from recognized authors, gold standard and silver standard websites, and databases.

Secondary research has been used to obtain key information about the value chain of the industry, monetary chain of the market, the total pool of key Cross Linking Agents, market classification and segmentation according to industry trends to the bottom-most level, and regional markets. It was also used to obtain information about the key developments from a market-oriented perspective.

Primary Research

The Cross Linking Agents market comprises several stakeholders in the value chain, which include raw material suppliers, manufacturers, and end users. Various primary sources from the supply and demand sides of the Cross Linking Agents market have been interviewed to obtain qualitative and quantitative information. The primary interviewees from the demand side include key opinion leaders in end-use sectors. The primary sources from the supply side include manufacturers, associations, and institutions involved in the Cross Linking Agents industry.

Primary interviews were conducted to gather insights such as market statistics, data of revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to chemistry, application, and region. Stakeholders from the demand side, such as CIOs, CTOs, and CSOs were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of Cross Linking Agents and future outlook of their business which will affect the overall market.

The breakdown of profiles of the primary interviewees is illustrated in the figure below:

Cross Linking  Agents Market Size, and Share

Note: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2022 available in the public domain, product portfolios, and geographical presence.

Other designations include sales representatives, production heads, and technicians.

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The top-down approach was used to estimate and validate the size of various submarkets for Cross Linking Agents for each region. The research methodology used to estimate the market size included the following steps:

  • The key players in the industry have been identified through extensive secondary research.
  • The supply chain of the industry has been determined through primary and secondary research.
  • The global market was then segmented into five major regions and validated by industry experts.
  • All percentage shares, splits, and breakdowns based on chemistry, application, and country were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data was consolidated and added with detailed inputs and analysis and presented in this report.

Cross Linking Agents Market: Bottum-Up Approach

Cross Linking  Agents Market Size, and Share

Source: Secondary Research, Interviews with Experts, and MarketsandMarkets Analysis

To know about the assumptions considered for the study, Request for Free Sample Report

Cross Linking Agent Market: Top-Down Approach

Cross Linking  Agents Market Size, and Share

Source: Secondary Research, Interviews with Experts, and MarketsandMarkets Analysis

Data Triangulation

After arriving at the total market size from the estimation process Cross Linking Agents above, the overall market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size has been validated by using both the top-down and bottom-up approaches and primary interviews. Hence, for every data segment, there have been three sources—top-down approach, bottom-up approach, and expert interviews. The data was assumed correct when the values arrived from the three sources matched.

Market Definition

Cross-linking agents, also known as crosslinkers, are chemical compounds used to form covalent bonds between polymer chains. They play a crucial role in polymer chemistry and materials science by enhancing the properties of polymers. By connecting adjacent polymer chains, cross-linking agents create a three-dimensional network structure, making the material more rigid, durable, and heat resistant. These agents can be organic, such as di- or multifunctional compounds, peroxides, and aziridines, or inorganic compounds. Their ability to create cross-links between polymer chains improves the overall performance and stability of polymers in various applications including decorative and industrial.

Key Stakeholders

  • Cross Linking Agents Manufacturers
  • Cross Linking Agents Traders, Distributors, and Suppliers
  • Raw Type Suppliers
  • Government and Private Research Organizations
  • Associations and Industrial Bodies
  • R&D Institutions
  • Environmental Support Agencies

Report Objectives

  • To define, describe, and forecast the size of the Cross Linking Agents market, in terms of value and volume.
  • To provide detailed information regarding the major factors (drivers, opportunities, restraints, and challenges) influencing the growth of the market.
  • To estimate and forecast the market size based on chemistry, application, and region.
  • To forecast the size of the market with respect to major regions, namely, Europe, North America, Asia Pacific, Middle East & Africa, and South America, along with their key countries.
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and their contribution to the overall market.
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of market leaders.
  • To track and analyze recent developments such as expansions, new product launches, partnerships & agreements, and acquisitions in the market.
  • To strategically profile key market players and comprehensively analyze their core competencies.

Available Customizations

Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Regional Analysis

  • Further breakdown of a region with respect to a particular country or additional application

Company Information

  • Detailed analysis and profiles of additional market players

Tariff & Regulations

  • Regulations and impact on Cross Linking Agents market

By Form Analysis

  • Market size for Cross Linking Agents in terms of value and volume
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
CH 5402
Published ON
Aug, 2023
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