Selbyville, Delaware , May 21, 2024 (GLOBE NEWSWIRE) -- Cross Linking Agents Market value could reach USD 10.7 billion by 2032, as per a recent study by Global Market Insights Inc.
The demand for cross linking agents is increasing dramatically due to the progress in research and development in various industries. The properties of cross linking agents are important for enhancing the mechanical and thermal properties of polymers, making them important in areas such as automotive, aerospace, and healthcare.
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In the pharmaceutical industry, innovations in drug delivery and compatible materials necessitate the development of sophisticated cross linking agents. For instance, in March 2024, a study investigated the effect of citric acid, carboxymethyl starch, sodium trimetaphosphate, carboxymethyl cellulose, and soybean protein on cross linking in starch-based films. Furthermore, Continuous advancement in materials science, especially in the development of new polymers and composites, is a major factor driving the cross-linking agents market.
Cross Linking Amines to register high demand
Cross linking agents market size from the amine segment could exhibit a decent growth rate over 2023-2032, claims the report. These materials are important for high-performance epoxy resins, polyurethane coatings, and adhesives because of their ability to enhance thermal stability, mechanical strength, and chemical resistance. The automotive, construction, and electronic industries use amines-type cross-linking compounds for higher performance characteristics. In addition to acceptance, continuous advances in materials science and the development of new polymer systems continue to encourage demand for amine-type cross-linking agents.
Construction sector to emerge as a prominent end-user
Construction segment will capture a noteworthy cross linking agents market share by 2032, as per the report. These materials are important in the production of high-strength concrete, waterproofing, and flexible sealants, as they ensure the longevity of materials. The rising Emphasis on sustainable and energy-efficient building size, advanced cross-linking agents, and other materials that meet stringent environmental standards further support the segment. Besides being important for growth, rapid urbanization and infrastructure implementation worldwide increase the need for better building materials, driving the demand for materials used in the construction industry.
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Europe to remain a key revenue pocket
Europe Cross Linking Agents Market will register a robust CAGR from 2023 to 2032. The automotive, aerospace, and construction industries in the region are major end users seeking advanced products for durability and efficiency. The industry emphasis on green technologies and environmentally friendly materials is accelerating the adoption of cross-linking agents, especially those from renewable sources. Additionally, Europe's dynamic research and development environment fosters continuous advances in the physical sciences.
Cross Linking Agents Market Players
Dow Inc., Huntsman Corporation, Kaneka Corporation, Eastman Chemical Company, Arkema S.A., Mitsui Chemicals, Inc., Evonik Industries AG, Perstorp Holding AB, DIC Corporation, Solenis LLC, Lord Corporation, H.B. Fuller Company, EMS-GRIVORY Holding AG, Wacker Chemie AG, BASF SE, among others.
The market demand for cross-linking agents is increasing due to the efforts of companies such as BASF SE, Dow Inc., and others. These industry leaders are investing in research and development to improve supply chain innovation, with a focus on sustainability and product efficiency. Their environmentally friendly and efficient networking systems meet the growing need for advanced products in the automotive and healthcare industries and cater to market development.
In October 2022, Arkema, a global leader in specialty products, announced a restructuring of the distribution of its luperox and retic organic peroxides targeting the cross linking market in several European countries.
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
