Coupling agent is defined as compound which provides a chemical bond between two dissimilar materials. Usually they provide bond between an inorganic and an organic compound.
Rising demand for coupling agents, owing to increasing adoption from automotive, and building and construction industries for various end-use applications is a major factor expected to propel growth of the global coupling agents market over the forecast period. In addition, growing demand for coupling agents owing to rising initiatives on fuel efficiency is another factor expected to boost growth of the market in near future. Also, rapidly expanding economies of Asia Pacific can create lucrative growth opportunities for manufacturers in the target market.
However, falling demand for plastic packaging is factor expected to hamper growth of the target market in the near future.
The global coupling agents market has been segmented on basis of type, application, and region. On the basis of type, the target market is segmented into sulfur silane, vinyl silane, amino silane, epoxy silane, and others. On the basis of application global coupling agents market is segmented into rubber and plastics, fiber treatment, adhesives and sealants., paint and coatings, and others. Rubber and plastics segment dominates the global market in terms of revenue and is expected to maintain its dominance over the forecast period, owing to growing demand for green tires in various automobiles.
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Based upon region global coupling agents market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East Africa. The market in Asia Pacific is estimated to be highest share in terms of revenue, owing to increasing adoption from construction sector, in the region. The markets in North America is expected to register significant growth in terms of revenue, owing to rising consumption of coupling agents from automotive sector in the region over the forecast period.
Key players operating in the global coupling agents market include Wacker Chemie, Momentive Performance Materials, Dow-DuPont, Evonik Industries AG, Shin-Etsu Chemicals, Ashland Inc., BASF Chemicals, Rogers Corporation, Saint-Gobain, and The Sherwin-Williams Company.