Coupling Agents Market – Overview
A coupling agent is a compound that improves the grip between two stages in a composite material. These agents are used for merging two unique surfaces, both inorganic and organic. The development of the worldwide coupling agent market is driven by the variable, for example, expansion sought after from end-use industries, for example, automotive, aerospace and defense, and infrastructure and construction. Furthermore, guideline consistency and developing initiatives on fuel efficiency are additionally expected to expand the development of the worldwide coupling agent market.
The growing popularity and rising need for superior quality materials used for different end-use enterprises like automotive, tire and rubber, aviation, and defense are the key factors driving the coupling agents market. The change in the focus of automotive makers towards road safety and eco-friendliness is augmenting the interest for coupling agents. Coupling agents help to reduce resistance and provide better grip over slippery or wet surfaces. The increasing demand for eco-friendly packaging substances used in packaging have augmented the demand for plastic products used in packaging thereby acting as a significant repelling factor for the growth of the global coupling agents market.
The report offers a comprehensive overview of the market and its growth parameters. It also emphasizes on the key drivers, restraints, challenges, and upcoming growth opportunities that will impact the market as well as create challenging scenarios. It also discusses the table of segmentation and highlights the name of the key segment and its attributed factors. The effect of the novel COVID19 pandemic and its credited factors are also highlighted in this report. The number of key players and their key innovations to attract more revenues is listed completely in the report.
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Coupling Agents Market – Nature of Competition
The market for coupling agents is highly competitive in nature on account of the presence of multiple players and their emphasis on brand expansion. Some of the key strategies adopted by players include merger and acquisitions, brand expansion, joint ventures, and new product launches.
Some of the key players of the global coupling agents market include:
- Jingzhou Jianghan Fine Chemical Co. Ltd.
- Nanjing Shuguang Chemical Group Co., Ltd.
- Wacker Chemie AG
- Evonik Industries AG
- WD Silicone Company Limited
- Momentive Performance Materials Inc.
- DowDuPont Inc.
- Shin-Etsu ChemicalsCo., Ltd.
- Gelest Inc.
- Nanjing Union Silicon Chemical Co. Ltd.
Coupling Agents Market – Latest Innovations
- In JUNE 2018, Evonik expanded its manufacturing ability of precipitated silica in their Turkey location. This facility is projected to increase its production capacity by 40,000 metric tons from 2020 onwards. Therefore, this step to expand geographically is likely to meet the growing demand for green tires on the one side and the demand for raw material required to manufacture the tires on the other.
Coupling Agents Market – Driving Factors
The automotive makers are zeroing in on expanding fuel efficiency and street security. The use of silica silane innovation in tire production and manufacturing helps to builds their base. Depending on the prerequisites of OEMs, the use of coupling agents is expanding to lessen the chances of rolling over and work on improving the footing on wet or tricky surfaces. The use of coupling agents in silica-based green tires rather than conventional tires could further develop fuel efficiency by 5%. It could save a large number of barrels of fuel each year and could likewise diminish carbon dioxide emissions.
On the other side, the need for eco-friendly materials, for example, paper and jute is expanding in the packaging business. This is diminishing the interest for plastics in the packaging business. Shoppers lean toward paper and glass over plastics. Paper packaging that replaces plastic is most frequently a multifaceted material that remembers metallic foil for expansion to the paper. Coupling agents are for the most part used in plastic packaging, and the prohibition on such packaging material will influence the market development.
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Coupling Agents Market – Regional Insights
The global coupling agents market is geographically categorized into five major regions namely Asia Pacific, North America, Latin America, the Middle East and Africa, and Europe. Among these, the market in Asia Pacific held the dominant share with China in the leading position. Growth of this region is attributed to the increasing rate of rapid industrialization and rising number of automotive industry expansion in countries such as China, Japan, and India.
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