Global Carbodiimide Market Size By Function (Crosslinking Agent, Additive), By Application (Paints And Coatings, Adhesives), By Geographic Scope And Forecast

Carbodiimide Market Size And Forecast

Carbodiimide Market size was valued at USD 334.60 Million in 2023 and is projected to reach USD 504.24 Million by 2030, growing at a CAGR of 5.36% from 2024 to 2030.

The Global Carbodiimide Market is expanding rapidly, owing to its wide range of uses in paints & coatings, textiles, adhesives, inks, and other industries where it is an important crosslinking agent and additive. Carbodiimides play an important role in improving coating performance and durability by functioning as effective crosslinking agents, resulting in better adhesion and resistance to environmental conditions. Similarly, in the textile industry, carbodiimides are used as crosslinking agents, giving materials desirable qualities such as improved strength and abrasion resistance.

Global Carbodiimide Market Definition

A carbodiimide is a chemical substance that promotes crosslinking processes within the polymer matrix of the coating. Crosslinking is widely used in almost all coating sectors to improve coating performance as well as overall longevity. These enhancements include wear, abrasion, chemical resistance, and toughness. The improved performance results from the construction of a continuous three-dimensional network, which can be generated by the crosslinker alone or by a reaction between the crosslinker and the binder.

The carbodiimide crosslinker promotes the development of covalent links between polymer chains, resulting in a network structure. Carbodiimide crosslinkers (CDI) are a sustainable, high-performance solution for paint and coating formulators aiming to lower their environmental imprint while maintaining complete performance.

Global Carbodiimide Market Overview

The global paints and coatings sector has expanded significantly in recent decades. This is mostly due to increased demand from end-use sectors such as the construction and automobile industries. The worldwide paint and coatings market is expanding, with demand for paint rising in tandem with population and per capita GDP development. According to the Nippon Pain Group, worldwide paint demand is predicted to reach USD 202 billion by 2024, with the market expanding in proportion to population and GDP growth.

However, there are several factors that can have a negative impact on the market growth. Carbodiimides’ adoption in the architectural industry has traditionally been limited due to their perceived reduced reactivity at room temperature. One of the major barriers to carbodiimide acceptability in particular applications is the concept of lower reactivity at ambient temperature. The significantly slower reaction kinetics of some alternative crosslinkers, particularly at lower temperatures, can be a disadvantage in applications where rapid curing is critical for efficiency and productivity.

Things are looking up for the market because this crosslinking agent brings a lot to the table when you're aiming for top-notch, chrome-free leather. See, carbodiimides act like little helpers in leather finishing, crosslinking to boost how tough and strong the leather is. They really play a key role in making leather more resistant to wear and tear, moisture, and just generally, the elements. Plus, carbodiimide is great because it holds up well against chemicals and releases very few VOCs compared to other isocyanates. And here's a cool thingcarbodiimides are much more stable in water than isocyanates – water-borne polycarbodiimides can even last for days, sometimes a week!

Now, polycarbodiimides? They're a bit of a mixstatic polyisocyanate and dynamic polyisocyanate helical polymers, all working together. Learn more here

Global Carbodiimide MarketSegmentation Analysis

The Global Carbodiimide Market is segmented on the basis of Function, Application, and Geography.

Carbodiimide Market, By Function

• Crosslinking Agent
• Additive

When we look at the market by Function, we see it divided into Crosslinking Agents and Additives. And guess what? Crosslinking agents were the big winners in 2022, grabbing the largest piece of the pie! A major reason? The growing need for carbodiimide as a cross-linking superstar. It's vital for boosting how well things work and how long they last in tons of different industries. Specifically, carbodiimides are used to make polymers, especially those bendy elastomers and polyurethanes. What makes them so special? They let us link things up without creating nasty byproducts or messing with the material's strength. That's why so many end-user industries love them!

Carbodiimide Market, By Application

• Paints And Coatings
• Adhesives
• Others

Based on Application, the market is segmented into Paints And Coatings, Adhesives, and Others. The paints and coatings segment held the largest market share in 2022. The paints and coatings segment will have a significant market share during the evaluation period. Carbodiimide crosslinkers provide numerous advantages in the manufacture of coatings for both flexible and hard substrates. Crosslinking works by connecting polymers via reactive chemistry, strengthening the network of a given coating. Carbodiimide crosslinkers offer a number of advantages. They are less susceptible to water and have a longer pot life.

Carbodiimide Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East And Africa

Based on Geography, the Global Carbodiimide Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East And Africa. Based on the geography, Asia Pacific accounted for the largest market share in 2022. Carbodiimide is in high demand in Asia Pacific, where large-scale infrastructure projects are being developed. Highways, bridges, airports, and smart cities require a diverse range of coatings for protection, aesthetics, and durability. The demand for coatings in large-scale projects helps to drive the industry’s overall growth.

Carbodiimide demand in China is driven by the paint and coatings sector. The country’s growing urbanization and the ongoing expansion of its building sector are propelling the paints and coatings industry.

Key Players

The “Global Carbodiimide Market” study report will provide valuable insight with an emphasis on the global market. Some of the major companies include LANXESS, Teijin Limited, Covestro AG, Stahl, Nisshinbo Chemical Inc., Syn-Bios S.p.A., MAFLON S.p.A., Advancion Corporation, and Shanghai Langyi Functional Materials Co. Ltd.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players.

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