The global crosslinking agent market size is expected to reach USD 13.62 billion by 2030, registering a CAGR of 11.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is experiencing significant growth due to its ability to enhance polymer properties and meet the rising demand for high-performance materials in industries like automotive, aerospace, and electronics. By forming strong covalent bonds between polymer chains, these agents improve heat resistance, chemical resistance, and mechanical properties of the final products.
Environmental regulations favoring water-based crosslinking agents and the construction industry's need for durable coatings, sealants, and adhesives are further driving market demand. Crosslinking agents are essential for manufacturing high-performance materials and chemicals, particularly in industries like automotive, electronics, and construction. Recent advancements in technologies have expanded their applications to biomedical devices and 3D printing. However, the high cost of these agents can be a barrier for smaller businesses.
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In addition, handling and processing these agents often require specialized equipment and expertise. Some crosslinking agents also pose health and environmental risks, leading to strict regulations. Despite these challenges, the increasing focus on sustainable and biodegradable polymers presents new opportunities for eco-friendly crosslinking agents. Advances in manufacturing processes like additives and nanotechnology also offer exciting possibilities for crosslinking applications. Furthermore, developing countries with expanding industrial sectors represent untapped markets for these agents.
Crosslinking Agent Market Report Highlights:
Based on chemistry, the amino segment dominated the market in 2023 with a share of 45.0%, as they improve adhesion, thermal stability, and chemical resistance. Due to the demand for high-performance materials, amino-based crosslinkers are used in the automotive, construction, and coatings industriesAutomotive application held the largest market share of 40.2% in 2023. Automotive manufacturers rely on crosslinking agents to create durable rubber components and high-performance coatings for vehicles to protect them from environmental damage. Ultimately, this ensures safer, more reliable cars with extended service lifeAsia Pacific dominated the global market with a revenue share of 36.7% in 2023 due to the increasing construction. Factors such as available land, low cost of raw materials, labor availability, and favorable government policies contribute to the market growthBrowse more reports published by Grand View Research.
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BASF SECovestro AGAllnex GroupEvonik IndustriesHuntsman CorporationAditya Birla CorporationWanhua Chemicals Group Co. Ltd.DowDSM Coatings ResinIneosAbout Grand View Research
Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.
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