The main factor that is contributing to the growth of the crosslinking agents market is the increasing application of the product in the areas such as metal, packaging, automotive, OEM, and industrial wood coatings.
Sarasota, FL -- (SBWIRE) -- 09/15/2017 -- Crosslinking Agents Market: Overview
The three-dimensional network is formed by connecting the molecules with the help of the chemical links which is between the molecular chains and this is done with the help of the crosslinking process. Physical crosslinking is a function of the forces that are secondary such as stereo complexation, hydrophobic, and ionic bonding, while chemical crosslinking is a function of forces that are primary such as the formation of the covalent bond.
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Crosslinking Agents Market: Facts
CYPLEX modified polyester resins are cross-linked with the CYMEL® 300/301 hexamethoxymethylmelamine that impart a high volume solids at the coating viscosities, good hardness, color stability, excellent flexibility and the amazing economy to the coil-coating enamels that are of the high-grade quality. The CYPLEX modified polyester resins are also obtainable with the silicone modification so that it gives better durability.
Crosslinking Agents Market: Segmentation
The global market for the crosslinking agents is fragmented into its type and application. On the basis of the type, the market is segregated into amide, amino, amine, aziridine, isocyanate, and carbodiimide. On the basis of the application, the market is categorized into crosslinked polyethylene pipes, crosslinked films, crosslinked polyethylene foams, cable insulation, and injection & blow molded articles.
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Crosslinking Agents Market: Growth Factors
The main factor that is contributing to the growth of the crosslinking agents market is the increasing application of the product in the areas such as metal, packaging, automotive, OEM, and industrial wood coatings. Owing to the benefits of the crosslinking agents such as high performance, heat resistance in the paint and floor coatings, and its usage in the bumpers the demand of the market is increasing. Additional features such as low VOC emissions, environmental-friendly nature, and the growing demand for the water-based crosslinking agents fuels the growth of the market. The uniform blending of the crosslinking agents with the polyethylene beds leads to the uneven distribution of crosslinking agents thus limiting the growth of the market. The crystal nature of the crosslinking agents minimizes when they are melted with the virgin polyethylene due to the absence of the melting property thus affecting the market negatively.
Crosslinking Agents Market: Regional Analysis
The regions that are dominating the crosslinking agents market are Western Europe and North America. There is a fast market development in Asia Pacific region owing to the rise in the automotive sector as the crosslinking agents have huge importance in this sector. In the regions such as India, China, and ASEAN countries, the coating and the paper and pulp sectors are growing which contributes to the development of the crosslinking agents market. In the coming years, Latin America and the Middle East & Africa regions will have a steady market growth due to the increasing automotive production plants, rising manufacturing plants of different coating players, and the developing decorative industries.
Crosslinking Agents Market: Competitive Players
The key market players that are involved in the crosslinking agents market include Huntsman International LLC, Evonik Industries AG, Hexion Inc., Wanhua Chemical Group Co., Ltd., NOF Corporation, BASF SE, The Dow Chemical Company, Allnex Group, Covestro AG, and Pergan Marshall LLC.
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Crosslinking Agents Market: Regional Segment Analysis
Middle East and Africa