Increasing Demand in Asia-Pacific Driving Adhesion Promoter Market
The global market for adhesion promoters was valued at $ 2.51 billion in 2015.
The global market for adhesion promoters was valued at $ 2.51 billion in 2015, and is projected to reach $3.64 billion by 2021, at a compound annual growth rate (CAGR) of 6.4% between 2016 and 2021. This is according to “Adhesion Promoter Market by Type (Silane, Maleic Anhydride, Chlorinated Polyolefins, Titanate & Zirconate, Others), Application (Plastics & Composites, Paints & Coatings, Rubber, Adhesives, Metals, Others), Region―Global Forecast to 2021,” a new report from Markets and Markets.
Growth in the adhesion promoter market is mainly attributed to the increasing demand of automobiles in the Asia-Pacific region, use of adhesion promoters in composites, application of adhesion promoters in printed circuit boards, and the innovation of silane-based green tires.