Cross-linked polymers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2029
Global Cross-linked polymers Market: Introduction
Cross-linked polymers are 3-D structured, thermosetting polymers formed by vulcanization and step polymerization process. A material called crosslinking agent such as polyisocyanate and polycarbodiimide is added to initiate the process, the polymer material is cured and a cross-link is obtained. Feedstock used for formation of cross-linked polymers have more than two functional and reactive sites which help them to grow in all direction to form 3D structure. Bakelite and vulcanized rubber are two important examples of crossed-linked polymers. Cross-link refers to the covalent bond between polymers. When the polymers are formed, its physical and mechanical properties changes depending on the cross-link density. Low cross-link density of polymer makes it less viscous, intermediate density gives polymers an elastomeric property while high density causes polymers to become more rigid. Crosslinking also imparts properties like good texture, resistance to wear & solvent attack, high strength and increased shelf life. Properties of cross-linked polymers are distinct and depend on the feedstock used and the condition at which it is treated. With regards to its thermosetting properties, cross-linked polymers resists the heat and gets degraded at very high temperatures as compared to thermoplastic polymers. Sometimes, the polymers are linked through physical or oxidative crosslinks. In physical cross-links covalent bond is absent and the physical bonds are formed by weak interactions. Physical bonding is used when polymers need to be recycled or remolded. Moreover, when exposed to atmosphere many polymers undergo oxidative crosslinking; however, physical and oxidative cross-linked polymers have narrow scope. Cross-linked polymers are widely used in wires and cables for insulation, coatings (particularly in industrial coatings), tires, pipes, solar panels, regenerative medicines, artificial heart membranes, and many other applications.
Global Cross-linked polymers Market: Dynamics
Increasing demand for eco-friendly and water-based coatings is expected to propel the cross-linked polymers growth as it has very low VOCs emissions. Also, rising awareness in energy conservation is increasing demand for coatings mainly in the industries where insulation or coating is mandatory. Depending on the density of the cross-links, it can be customized for distinct applications. Development of cross-linked polymer for wide range of applications may drive its growth in upcoming years. Increasing use of cross-linked polymers in floor coating and bumper applications will further drive the market. Due to its thermosetting property, cross-linked polymers cannot be melted or dissolved which restricts its further processing like molding & extrusion and may act negatively on the global cross-linked polymers market. The cross-linking agents used in processing have high cost and are slightly toxic in nature which increases the cost of cross-linked polymers manufacturing and hamper the growth in developing countries.
COVID-19 Impact on Cross-linked polymers
Covid-19 is expected to cause slowdown in construction and related industries such as paints & coatings which will directly hamper the cross-linked polymer market. Automotive industry reported downturn since 2019 and Covid-19 further hampered the industry. Moreover, supply challenges owing to ongoing trade wars and border closures is projected to negatively impact the cross-linked polymers market. China is the prominent producer and exporter of electrical & electronics industry is anticipated to have major impact of Covid-19 on its exports. Covid-19 has affected the global economy adversely and would take long time for recovery.
Global Cross-linked polymers Market: Segmentation
The global Cross-linked polymers market can be segmented on the basis of its crosslinking type, density of cross-linking and its end-use industries.
The global Cross-linked polymers market is segmented on the basis of its cross-linking type:
The global Cross-linked polymers market is segmented on the basis of its cross-linking type:
The global Cross-linked polymers market is segmented on the basis of its End-Use Industries:
Global Cross-linked polymers Market: Regional Outlook
Asia-Pacific holds the prominent share and is expected to grow at high rate owing to its growth in industrial coatings application. Further, rising awareness and growth in construction industry will drive cross-linked polymers demand in countries like China and India. Automotive industry has experienced shift from Europe to Asia-Pacific region in last few years and trend is expected to continue in upcoming years. North America is other important region for cross-linked polymers market on account of its developed automotive and construction industry. Industrial coating application is expected to grow in the region which is anticipated to fuel the growth of cross-linked polymer. Europe is expected to show stable growth rate on account of slowdown in construction and automotive sector in the region. Other regions like Middle-East & Africa and Latin America have less share in global cross-linked polymers market and have less impact on global market.
Global Cross-linked polymers Market: Key Participants
Examples of some of the market participants operating in the global Cross-linked polymers market are:
The Cross-linked polymers market research report presents a comprehensive assessment of the Cross-linked polymers market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Cross-linked polymers market research report provides analysis and information according to Cross-linked polymers market segments such as geographies, application and industry.
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The Cross-linked polymers Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Cross-linked polymers market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Cross-linked polymers market segments and geographies.
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