The global adhesion promoters market was valued at USD 2.51 Billion in 2015, and is projected to reach USD 3.64 Billion by 2021, at a CAGR of 6.4% between 2016 and 2021. The global adhesion promoters market has been categorized on the basis of type, application, and region. In terms of value, the silane segment led the global adhesion promoters market in 2015. The adhesion promoters market is categorized on the basis of application into plastics & composites, paints & coatings, rubber, adhesives, metals, and others. Innovations in advanced composites and multilayer packaging have increased the demand of adhesion promoters in the plastics & composites application.
The tackifier market is projected to reach USD 3.56 Billion by 2020, at a CAGR of 4.8% from 2015 to 2020. The key factor responsible for the growth of the tackifiers market is the increased demand from the adhesives industry. The tackifiers market in Asia-pacific is anticipated to grow at the highest CAGR between 2015 and 2020. The economies in China and India have witnessed growth, fuelled by the increased construction activities and investments in the expansion or upgradation of manufacturing facilities.
The two part adhesive market size is estimated to reach USD 6.23 Billion by 2020, at a CAGR of 6.5%. The market is driven by rising use of adhesive in the vehicles for weight reduction. As the automotive industry uses lightweight materials such as plastics, composites, and aluminum, which ultimately demand better adhesive material for bonding. So, it is a prime factor for the growth of two component adhesive, globally.
The coated steel market is estimated to grow from USD 20.62 Billion in 2015 to USD 26.68 Billion by 2020, at a CAGR of 5.30% between 2015 and 2020. The coated steel industry is witnessing moderate growth because of demand from end-use industries. Coated steel is largely used in building & construction and appliances industries.
The high temperature coatings market, along with its applications, witnessed a moderate to high growth in the past few years and is likely to continue so in the in the coming years. This growth is mainly driven by the growing application sectors of power & chemical plants and oil & gas, metal processing, cookware, stoves, and automotive industries in Asia-Pacific. The high temperature coatings market size, in terms of value, is estimated to reach USD 4.24 Billion by 2020 at a firm CAGR of over 4.56% between 2015 and 2020.
The global adhesive resin market, along with its applications, has witnessed a high growth for the past few years and this growth is estimated to increase in the coming years. This growth is largely fueled by the increasing applications, technological advancements, and growing demand in the Asia-Pacific region. The adhesive resin market is estimated to reach 5,012.80 Thousand Tons by volume by 2020, signifying a firm CAGR of over 4.14% between 2015 and 2020.
The recovery of global economy, and rise in new constructions, both commercial and non-commercial is expected to be the major drivers of the wood coating market. The wood coating market is expected to grow at a healthy growth rate of 6.30% between 2015 and 2020. Stains & Varnishes coating type is the fastest growing coating type within wood coating market across the globe and is suitable for all the application areas. The global wood coating market is projected to be valued at around $1,985.28 Million by 2020, growing at a CAGR of 6.30% from 2015.
High temperature elastomers are those elastomers which can be used in high temperature applications requirements. In applications like under-the-hood applications in automotive industry, sterilization in medical industry, and others require materials those can withstand high temperatures, generally above 1500 Celsius and above. For such applications special types of elastomers are used those can withstand extreme temperature for prolonged time period without failing. HTEs are relatively costly and are used in small quantities, when compared to other elastomers, hence making their market size in terms of volume comparatively small. Other properties of HTEs, such as high chemical and solvent resistance, make them suitable for aerospace, chemical processing, and oil and gas applications.
The global ink solvents market, along with its applications, has witnessed a moderate growth for the past few years and this growth is estimated to increase in the coming years. The ink solvents market is estimated to reach 1,221.11 kilotons by volume by 2019, signifying a firm CAGR of over 5% between 2014 and 2019.
Fluoropolymer coating systems are prepared from fluoropolymer resin such as PTFE, PVDF, FEP, ETFE resin. The coating system consists of fluoropolymer resin along with binder resins, solvent, pigments and additives. The ratio of these components in the system dominates the characteristics of coatings and they are unique and proprietary for each coating manufacturer. The fluoropolymer coating market has grown rapidly during the past few years and this trend is expected to continue in the next five years. Fluoropolymer Coatings: A projected value of $1,534 million by 2019, signifying firm annualized growth of 6.36% between 2014 and 2019.
High temperature adhesives are the bonding agents that have applications for service temperature 150°C and above. High temperature adhesives do not lose their bonding and tensile strength in high temperatures. These adhesives have only industrial applications as the service temperature is very high. As the number of industries are continues to increase in emerging markets like India and Brazil the demand of high temperature adhesives also goes on increasing. High temperature adhesives can be classified on the basis of chemical composition, such as polyurethane, epoxy, silicone, polyamide, and others. They can also be classified on the basis of end application market, such as electronics & electrical, automotive, aerospace, construction, marine, and other industrial applications.
Nanocoatings are materials that are manufactured by shrinking raw materials at the molecular level to form a denser product; they are measured on a nano-scale. They, due to lower VOCs (volatile organic contents) content, are preferred over traditional coatings. Nanocoatings have characteristics, such as scratch, UV, chemical resistance, low maintenance, anti-corrosion, and color and gloss retention among others. They also prevent the painted surface from being damaged that is caused by external factors, such as UV and acid rain. Nanocoatings are classified as anti-fingerprint, anti-microbial, anti-fouling and easy-to-clean, self-cleaning (bionic and photocatalytic), and others (specialty coatings and anti-corrosion). Anti-microbial is the most used nanocoating across various applications. Anti-microbial nanocoatings are used by applications, such as healthcare, water treatment, food manufacturing, and packaging. Anti-fouling and easy-to-clean nanocoatings are the second-largest market for nanocoatings and find applications in marine, food manufacturing, automotive, and electronics among others. Anti-fingerprint nanocoatings are projected to grow in the near future due to the increasing demand from the electronics, automotive, medical, and healthcare industries. Other types of nanocoatings find applications in the construction, packaging, and textiles industries.
The coil coatings market is experiencing enormous growth which is expected to continue in the near future, mainly driven by the highly growing Asia-Pacific, RoW, and North American regions. Considerable amount of investments and expansions are made by different market players to serve the end-user applications industries in the future. The Asia-Pacific region is the major coil coatings market that accounted for about 51.04% market demand of the total global demand in 2013. The coil coatings market is estimated to reach 348.50 million gallons by volume by 2019, signifying a firm CAGR of over 4.59% between 2014 and 2019.
Paper coating materials can be classified into nine types, namely, GCC, PCC, Kaolin Clay, Talc, Starch, SB latex, Titanium Dioxide, Wax, and others. GCC constitutes the major market share in the global paper coating materials that are widely used as pigments and therefore, are expected to grow aggressively in the next five years. Kaolin clay and talc are widely used as fillers in coating.
Polyurethane coating is a polymer consisting of a chain of organic units joined by urethane links which is a result of the reaction between an isocyanate component and a resin blend made with only hydroxyl-containing resins. Polyurethane coating chemistry is based on the combination of polyisocyanates mainly TDI and MDI with polyols such as polyesters, polyacrylates, and polyethers. There are various types of PU coatings based on various technologies such as solvent-borne PU coating, water-borne PU coating, high solids PU coating and PU powder coating used in various end industries like automotive & transportation, wood & furniture, industrial, construction, textile, and electrical & electronics.