Crosslinking Agents Market Size Worth $15.03 Billion By 2032 | CAGR: 6.3%

The global crosslinking agents market size is expected to reach USD 15.03 billion by 2032, according to a new study by Polaris Market Research. The report “Crosslinking Agents Market Share, Size, Trends, Industry Analysis Report, By Chemistry (Amino Amine, Amide, Aziridine, Isocyanate, Carbodiimide); By Application; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The growing automobile industry, fueled by rising disposable income among the population, is driving demand for automobiles. Cross-linking agents are used in the production process of electric vehicles, including battery components, cable and wiring insulation, adhesives and sealants, exterior coatings, and more, due to their ability to improve adhesion and mechanical properties. According to the IEA, sales in 2022 were still strong, with 2 million units sold in the first quarter—three-quarters more than in the same period in 2021. According to the forecast, EVs will make up 13% of all new automobiles sold in 2022. The growing demand for electric vehicles is fueled by rising environmental concerns and government initiatives to promote renewable energy use. This may drive the demand for cross-linking agents in the coming years.

Additionally, crosslinking agents are included in polymer formulations to increase the variety of thermoplastics and elastomers that can be crosslinked. Thermoplastic polymer PVDF has recently been discovered to be capable of crosslinking, which may be useful for separators for electrochemical high-power charge applications.

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Crosslinking allows pipes to function at temperatures up to +20 °C higher than they would otherwise be able to, allowing them to work at 85 °C instead of 65 °C in long-term settings and 105–110 °C in short-term conditions. Crosslinking enhances the temperature resistance, the processability of the expansion phase during manufacturing, and the products' shrinkability during assembly in the case of heat-shrinkable tubes and films. In order to maintain their shape during the assembly and manufacturing processes, radial tire reinforcement components are frequently pre-vulcanized using radiation cross-linking.

A 2022 study published in the National Library of Medicine explored the effects of crosslinking agents in cellulose-based hydrogels. It revealed that synthetic crosslinking agents used in hydrogels have benefits, including tunable mechanical qualities and simple chemical composition management. However, it also stated that natural crosslinking agents give hydrogels superior biocompatibility and less latent harmful impact. The growing research activities are widening the application of crosslinking agents, which may provide new growth potential in the coming years.

Crosslinking Agents Market Report Highlights

• The isocyanate segment is anticipated to witness the highest growth in the coming years due to its ability to provide strong bonds between materials.
• Automotive coatings segment accounted for the largest market share owing to the rising demand for high-performance materials.
• Asia Pacific is projected to register the largest growth rate in the study period owing to the rapid growth in the construction industry.
• The global players include Aditya Birla Corporation, Allnex Group, Evonik Industries, Hexion, Huntsman Corporation, Ineos & Lord Corporation.

Polaris Market Research has segmented the crosslinking agents market report based on chemistry, application, and region:

Crosslinking Agents, Chemistry Outlook (Revenue - USD Billion, 2019 - 2032)

• Amino
• Amine
• Amide
• Aziridine
• Carbodiimide
• Isocyanate
• Others

Crosslinking Agents, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Automotive Coatings
• Decorative Coatings
• Industrial Coatings
• Others

Crosslinking Agents, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Crosslinking Agents Market Report Scope