Furthermore, the declining demand for plastic packaging is predicted to hinder the growth of the coupling agent market throughout the forecast period. Furthermore, administration compliance and the expanding emphasis on fuel adequacy are projected to drive the coupling agent market upward. Because coupling agents are deemed very harmful by the National Fire Protection Association (NFPA) and must be used in line with safety rules, increased demand for environmentally friendly materials is projected to hinder the global coupling agent market's growth. Furthermore, rising coupling agent implementations in the pharmaceutical and cosmetic industries, as well as development in new markets, are likely to give lucrative opportunities for the coupling agent market to grow.

The coupling agent market is being driven by an increase in demand for high-performance materials in various end-use industries such as automotive, rubber & tire, aerospace, and military. The shift in automobile manufacturers' focus toward fuel efficiency and road safety is a primary factor boosting market demand for coupling agents. Coupling agents help to reduce rolling resistance and improve traction on wet or slick surfaces. Increased demand for environmentally friendly packaging materials may have a detrimental impact on demand for plastic packaging. This is expected to stymie the market for coupling agents for the foreseeable future.

Type Segment

Rubber and plastics applications will dominate the coupling agent market throughout the forecast period. Rubber and plastics applications dominated the coupling agent sector due to the rising usage of green tires. Green tires are in high demand due to the rising desire for fuel efficiency and performance. These tires are made with silica-silane technology and are easy to recycle or dispose of. Furthermore, regions such as North America and Europe have enacted stronger pollution and tire labeling regulations. These guidelines compel tire manufacturers to include the tire's performance parameters on the label.

Application Segment

Automobile makers are concentrating on improving fuel efficiency and road safety. The use of silica silane technology in tire manufacture improves performance. Coupling agents are increasingly being used to lower rolling resistance and increase traction on wet or slick surfaces, depending on OEM specifications. Using coupling agents in silica-reinforced green tires rather than regular tires might increase fuel economy by 5%. It has the potential to save millions of barrels of gasoline each year while simultaneously lowering carbon dioxide emissions. The Environmental Protection Agency (EPA) From 2017 to 2025, Greenhouse Gas (GHG) has forecast the need for a standard, as the industry average of 163 g/mile of CO2 and fleet-wide, this is the same as 54.5 mpg (4.3 L/100km). The European Union (EU) has mandated that carbon dioxide emissions from new automobiles be less than 96 grams per kilometer by 2020.

The EU legislation requires tire producers to label all tire attributes showing energy efficiency in terms of fuel consumption and CO2 emissions, wet grip, and noise emission level beginning in November 2012. The tires will be classified from the lowest to the highest level, beginning with the red G category and progressing to the green category

The Asia-Pacific coupling agent market is dominated by Asia-Pacific because demand for coupling agents is predicted to expand due to the expanding automotive and industrial sectors. It is also attributable to the region's increased need for coupling agents in the rubber and plastics functions from the automobile sector. North America is also predicted to develop significantly due to increased demand for coupling agents from the region's building and construction sectors.

APAC is seeing explosive expansion, with China leading the way. APAC's major economies, such as China, India, and Indonesia, are viewed as attractive markets as a result of their respective governments' increased emphasis on infrastructure development. Many projects in China, such as renewable energy, airports, and residential structures, have received finance over a 12- to 15-year period. Malaysia has attracted a significant amount of foreign direct investment in its building and construction sector as a result of its Economic Transformation Plan 2011-20. As a result, these rapidly rising economies present several potential for APAC industry participants.