Rise in demand for high-performance materials in various end-use industries such as automotive, rubber & tire, aerospace, and defense is primarily driving the coupling agent’s market.
The global coupling agents market size is projected to reach nearly USD 504.2 million in 2020. Factors driving market expansion in the Asia-Pacific area include increased industrialization, growing urbanization, and increased spending ability. China is one of the region's most important marketplaces. The Chinese government implemented various beneficial regulations, such as cutting the share of down payment for second home loans and exempting ordinary housing from sales tax, which aided the revival of the commercial housing market. Furthermore, increased demand for eco-friendly and sustainable building, as well as government backing, drive the need for the modular building industry in the area.
Due to the simultaneous working in a controlled atmosphere, the building job is performed over 50% faster than traditional building methods. Scale economies provide for time and cost savings. Buildings can be constructed offsite, allowing for regulated environmental circumstances. This is especially useful during times of inclement weather, such as snow storms and heavy rains. Due to adverse weather conditions, more than 80% of building construction projects in Sweden are done utilizing the modular system. The regulated factory settings for construction improve work zone safety and worker protection while guaranteeing effective quality control. The modular structures' robustness and flexibility provide a further benefit in that they can survive harsh environments.
The study also assesses the demand using value chain analysis to highlight the different characteristics of the global coupling agent industry. Furthermore, the coupling agent market report covers various qualitative aspects of the industry, such as market restraints, key industry drivers, and opportunities. In addition, the report offers a comprehensive analysis of the competition by company profiles and the competitiveness of local and global vendors.
The most recent technical advancements in the field of modular construction have permitted the speedy completion of building projects while enhancing work efficiency and lowering labor expenses. Work accuracy enhancements obtained via the use of advanced robotic technologies, 3D printing, Building Information Modelling (BIM), and drones have opened doors for modular building procedures in areas where trained labor is in short supply. Today, multinational corporations are on the cutting edge of rapidly adopting Modular Construction techniques to complete their projects at a faster pace with precision and efficiency. Thus, rising demand for cheap housing and developing healthcare infrastructure, in addition to the aforementioned causes, are likely to create enormous opportunity for the worldwide Modular construction market to expand rapidly.
Key Segments of the Global Coupling Agents Market
Type Overview, 2018-2028 (USD Million)
- Vinyl Silane
- Sulfur Silane
- Amino Silane
- Epoxy Silane
Application Overview, 2018-2028 (USD Million)
- Rubber & Plastics
- Fiber treatment
- Adhesives & Sealant
- Paint & Coatings
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America