The global demand for Epoxy Curing Agents Market is presumed to reach the market size of nearly USD 13.35 MN by 2028 from USD 7.49 MN in 2021 with a CAGR of 8.6% under the study period 2022 - 2028.
Epoxy curing agents are compounds that are used in conjunction with an epoxy polymer to produce a high-quality end product. Epoxy resin systems are divided into an A side and a B side. The epoxy curing agent is found on the B side, often known as the hardener. Even after curing, they have excellent bonding properties. Epoxy curing agents provide great chemical resistance, excellent mechanical strength, and electrical insulation. Epoxy resin curing is an exothermic reaction and, if not managed, can produce enough heat to induce thermal deterioration. Epoxy curing agents come in various forms, the most common of which are amines, polyamides, and anhydrides.
Market Dynamics
The building and construction industry's increasing demand for epoxy curing agents and new revolutionary breakthroughs in lightweight materials are the primary factors driving demand for epoxy curing agents. Strict regulatory restrictions and quality standards drive the use of lightweight materials in various industry areas, such as aerospace and automotive. Epoxy curing agents are also in high demand to fabricate printed circuit boards (PCBs) used in various electronic products, including cell phones, smartphones, automotive electronics, equipment, and other consumer electronics. As a result, increased demand for epoxy curing agents as a lightweight raw material in a wide range of industrial applications will continue to positively impact the epoxy curing agents market trend in the coming years. Additionally, the rising demand for paints and coatings in the construction industry, particularly for flooring and interior painting, would create a favourable chance for amine-based epoxy curing agents to rise. Also, epoxy curing agents have excellent thermal and electrical insulating properties and excellent mechanical properties. The epoxy curing agents market will likely proliferate due to rapid wind and solar energy development and increased demand for various industrial tools worldwide. However, the expense of the manufacturing process, the availability of epoxy curing agent replacements, and environmental laws might hinder the market development.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of epoxy curing agents. The growth and trends of epoxy curing agents industry provide a holistic approach to this study.
Market Segmentation
This section of the epoxy curing agents market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Curing Agent
- Amines
- Polyamides
- Anhydrides
- Others
By Application
- Paints & Coating
- Adhesives
- Composites
- Electronic Encapsulation & Others
By End User
- Building & Construction
- Transportation
- General Industrial
- Wind Power
- Aerospace
- Marine & Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Epoxy Curing Agents market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Epoxy Curing Agents Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the epoxy curing agents market include Bhor Chemicals and Plastics Private Limited. Cytec Solvay Group, Atul Ltd., Mitsubishi Chemical Corporation, Park Aerospace Corp., Reliance Composites Polymers, Barrday Inc., Hexcel Corporation, Huntsmann Corporation and Evonik Industries AG. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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