Europe Epoxy Curing Agents Market – Industry Trends and Forecast to 2030

Europe Epoxy Curing Agents Market Analysis and Size

Some essential factors contributing to the growth of epoxy curing agents market in the forecast period of 2023 to 2030 include rising demand for epoxy curing agents in numerous industries such as paints & coatings, construction, composites, and electronic. These are highly in demand as they are used in the production of printed circuit boards (PCBs). These printed circuit boards are used for electrical and electronics applications, such as in mobile phones, smartphones, and other consumer electronics. Therefore, the growing use of epoxy curing agents is boosting the market’s growth in Europe during the forecast period of 2023 to 2030.

Data Bridge Market Research analyses that the epoxy curing agents market which was USD 1,33,100 million in 2022, is expected to reach USD 2,03,802.55 million by 2030, growing at a CAGR of 5.47% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Europe Epoxy Curing Agents Market Scope and Segmentation

Market Definition

Epoxy curing agents are kind of chemical additives added in resins to harden them. There is epoxide functional group in epoxy curing agents. Epoxy curing agent’s choice depends on the base resin and the required toughness. The characteristics such as degree of curing and time depends on different individual epoxy curing agents. Epoxy curing agents are manufactured with extraordinary performance properties for large-scale use in variety of industrial applications. The growing use of epoxy curing agents in the wind energy industry, construction and building, electrical and electronics, and others is rising the demand for epoxy curing agents, which is significantly driving the market’s growth.

Europe Epoxy Curing Agents Market Dynamics

Drivers

• Growing demand of polyamide resin

Polyamides resins are used in large-scale as a curing agents. Polyamide resin is formed by the condensation reaction of dimer acid and polyamine. Polyamides have are capable of curing epoxy resins into highly plasticized rigid thermosetting polymers, as they have high hydrocarbon moiety in their molecules. These cured resins offer high tensile strength, compression, bending strengths and are stiff, strong, due to all these qualities epoxy curing are used widely in various industries which significantly drives the market’s growth.

• Increasing demand in end-use industries

Epoxy curing agents market is fuelled by increasing demand in various industries such as, aerospace, building and construction, power generation, General industrial, marine, oil and gas. In addition, increasing demand for adhesives and coatings in the automotive industry is contributing in the market’s growth during the forecast period of 2023 to 2030. The growing demand of epoxy curing agents in civil engineering applications such as concrete bonding, flooring, and marble laminate are driving the market’s growth.

Opportunities

• Growing use of epoxy curing agents in civil engineering

There is rise in demand for epoxy curing agents market over the past decade. In civil engineering applications aliphatic amines are used widely, such as flooring and patch repair systems. Polyimides are also extensively used owing to its bonding strength. Amines act as an accelerator for other amines. The properties such as low viscosity, good flexibility, and good color stability are benefiting the civil engineering sector. Thus, the growing demand of epoxy curing agents in civil engineering owing to its various properties and qualities is driving the market’s growth.

• Increasing demand in electronics sector

The largest consumer of epoxy curing agents is electrical & electronics industry due to which the demand for epoxy resins is expected to grow significantly and will boost the market’s growth. Electrical & electronics industry is driven by growing demand for printed circuit boards, semiconductors, and other major components. Therefore, the increasing demand of epoxy curing agents in the electrical and electronics sector is driving the market’s growth in the forecast period of 2023 to 2030.

Restraints/Challenges

• High prices of raw materials

The increasing prices of raw material for the epoxy curing agents is a major restraining factor for the epoxy curing agents’ market growth. The manufactures are not able to generate the desired profit margin because of the high prices of raw materials. This can lead to shutting of operation till the price become stable or low. The increased price has led to an increase in the total cost of production for the manufacturers, which will further pass on to the customers in the form of higher prices.

• Stringent rules for manufacturing

The stringent environmental rules and regulations for the usage and manufacturing of epoxy curing agents is hindering the growth of epoxy curing agents market in the Europe region. As epoxy curing agents contain various hazardous chemicals and gases, there are certain rules and limitations made by the government and several governing authorities for their manufacturing and use. The stringent rules and regulations is one of the major challenge for the epoxy curing agents market.

This epoxy curing agents market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the epoxy curing agents market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In July 2020, Arkema announced the acquisition of Fixatti (specialized in high-performance thermos-bonding adhesive powders). This acquisition of Fixatti will significantly strengthen industrial applications of Arkema in the construction, technical coating, battery, automotive, and textile printing markets and will boost the revenue of the company which will contribute in the market’s growth.
• In May 2021, PPG, announced the completion of US$ 13 million investment in its Jiading, China paint and coatings facility including eight new powder coating production lines and an expanded Powder Coatings Technology Center. This expansion will increase the plant’s capacity by more than 8,000 metric ton per year. This launch of new production lines and increased manufacturing will significantly contribute for the market’s growth.
• In September 2021, Axalta, a coating manufacturer, announced the start of construction of its new state-of-the-art coatings facility in Jilin, North China. The new plant will be producing mobility coatings for vehicles and other automotive plastic components. This start of state-of-the-art coatings by Axatla will fuel the market’s growth.

Europe Epoxy Curing Agents Market Scope

The epoxy curing agents market is segmented on the basis of type, product, end user and applications. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Amine
• Imidazoles Polymides
• Anhydrides
• Curing Agents
• Diluents
• Polymides
• Accelerators
• Adhesion Promoters
• Specialty Resins
• Phenolic
• Additives
• Others

Product

• CycloAliphatic Amines
• Aliphatic Amines
• Polysulfide
• High Temperature Curing Agents
• Water Borne Curing Agents
• Low Emission Curing Agents
• Amido Amines
• Mercaptans
• Phenalkamide
• Polyamido-Amines
• Phenalkamine
• Low Temperature Curing Agents
• Metaphenylene Diamine
• Methylene Dianiline
• Latent Curing Agents
• Others

End User

• Automotive and Transportation
• Aerospace
• Building and Construction
• Power Generation
• Electrical
• Electronics
• General Industrial
• Marine
• Oil and Gas
• Others

Applications

• Adhesives
• Sealants
• Paint, Coatings and Inks
• Electronic Encapsulation
• Composites
• Others

Europe Epoxy Curing Agents Regional Analysis/Insights

The epoxy curing agents market is analysed and market size insights and trends are provided by type, product, end user and applications as referenced above.

The countries covered in the epoxy curing agents market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.

Germany dominates the epoxy curing agents market in Europe due to increasing spending on sustainable construction by the government is fuelling the market demand for epoxy curing agents in building and construction industry.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Europe Epoxy Curing Agents Market Share Analysis

The epoxy curing agents market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to epoxy curing agents market.

Some of the major players operating in the epoxy curing agents market are:

• KUKDO CHEMICAL CO., Ltd. (South Korea)
• Hexion (U.S.)
• Arkema (France)
• Bostik (France)
• Dow (U.S.)
• TORAY INDUSTRIES, INC. (Japan)
• Mitsubishi Chemical Corporation (Japan)
• BASF SE (Germany)
• Saint-Gobain Weber (France)
• Evonik Industries AG (Germany)
• Huntsman International LLC (U.S.)
• Olin Corporation (U.S.)
• Aditya Birla Chemicals Pvt. Ltd (India)
• THREEBOND INTERNATIONAL, INC (U.S.)
• EMIS (China)
• Cargill Incorporated (U.S.)
• Bitrez (U.K.)
• Atul Ltd (India)
• Reichhold LLC 2  (U.S.)
• Changzhou Utek Composite Co., Ltd. (China)

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