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Cross Linking Agents Market Size

Report ID: GMI6426
Published Date: Aug 2023
Report Format: PDF

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Cross Linking Agents Market Size

Cross Linking Agents Market size was valued at around USD 6.5 billion in 2022 and is estimated to reach USD 10.7 billion by 2032. Cross-linking agents improve the mechanical, thermal, and chemical properties of materials, making them more durable, resistant to heat, and chemically stable.

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The polymer and rubber industries are major consumers of cross-linking agents to improve the performance of polymers, elastomers, and rubber materials. In the electrical and electronics industry, cross-linking agents are used to improve the insulation properties and heat resistance of wire and cable coatings. Cross-linking agents are employed in coatings and paints to improve film properties, adhesion, and resistance to weathering and chemicals.

Cross Linking Agents Market Report Attributes
Report Attribute	Details
Base Year:	2022
Cross Linking Agents Market Size in 2022:	USD 6.5 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	5.1%
2032 Value Projection:	USD 10.7 Billion
Historical Data for:	2018 to 2022
No. of Pages:	120
Tables, Charts & Figures:	137
Segments covered:	Type, End-use, Region
Growth Drivers:	Increasing industrial activities Growing electronics industry Rapid urbanisation and industrialisation
Pitfalls & Challenges:	Safety and Health Concerns Environmental Impact Regulatory Compliance

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Cross-linking agents may pose health and safety risks during handling and processing due to their chemical properties. Manufacturers and users need to ensure proper handling and follow safety guidelines to minimize risks. Some cross-linking agents may have adverse environmental effects, such as emissions of volatile organic compounds (VOCs) and hazardous byproducts during curing processes. Different industries may have specific regulations and standards related to cross-linking agents, particularly in sectors like healthcare, food packaging, and automotive.

Authors: Kiran Pulidindi

Frequently Asked Questions (FAQ) :

Global market for cross linking agents was valued at around USD 6.5 billion in 2022 and is estimated to reach USD 10.7 billion by 2032, backed by the increasing industrial activities.

Automotive sector held a dominant market share of around 40% in 2022 and will grow at a lucrative pace through 2032 due to product usage in applications such as adhesives, sealants, and coatings to enhance the durability, strength, and weather resistance of automotive components.

U.S. market size was USD 1.5 billion in 2022 and will expand at a significant pace from 2023-2032 on account of the expanding automotive sector in the region that demands cross-linking agents for adhesives, coatings, and sealants for vehicle manufacturing and assembly.

BASF SE, Evonik Industries AG, Dow Inc., Wacker Chemie AG, Arkema S.A., Eastman Chemical Company, Huntsman Corporation, H.B. Fuller Company, DIC Corporation, Perstorp Holding AB, EMS-GRIVORY Holding AG, Mitsui Chemicals, Inc., Kaneka Corporation, Lord Corporation, Solenis LLC among others.