Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 12.1 Billion | USD 18.5 Billion | 4.1% | 2021 |
FrequentlyAsked Questions
The global crosslinking agents market is projected to grow owing to the increasing global requirement and demand for enhanced polymers that exhibit exceptional properties like high-temperature resistance, riding it, and adhesion value, among other traits. Since crosslinking agents are widely used in coatings, which is an essential part of protecting the coated material along with acting as a decorative substance, the end consumers are becoming more demanding in terms of the quality of the final products.
According to Zion Market Research, the global crosslinking agents insulation market size was worth around USD 12.1 billion in 2021 and is predicted to grow to around USD 18.5 billion by 2028 with a compound annual growth rate (CAGR) of roughly 4.1% between 2022 and 2028.
The global crosslinking agents market is projected to witness the highest growth in North America during the projection period with the US registering a CAGR of 3.9% during the forecast period. The regional market is expected to be driven by the increasing application of crosslinking agents in industrial coating, especially in the automotive sector.
The global crosslinking agents market is dominated by players like Huntsman International LLC., BASF SE, The Dow Chemical Company, Angus Chemical Company, and Lord Corporation..
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