According to Data Bridge Market Research new Market report, global curing agents market will account to an estimated USD 4.2 billion in 2017 growing at a CAGR of 6.96% during the forecast period of 2019 to 2026.
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Curing is a chemical process which hardens and toughens the polymer material by cross- linking the polymer chain. There are three types of curing agents- curing agents, catalytic agents and initiator agents. Curing agents are usually affected by heat, radiation, electron beam or chemical additives. Curing agents mainly used to increase the hardness or viscosity. They are usually heat resistant and have low viscosity and toxicity. Curing agents are used in the food preservation and flavoring process to draw moisture out of the food by the process of osmosis.
Global curing agents market is segmented on the basis of type, applications and geography.
By Type (Epoxy, Polyurethane, Silicone Rubber), Applications (Coatings, Electricals and Electronics, Composites, Adhesives, Constructions, Wind Energy), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
FACTORS DRIVING GROWTH IN CURING AGENTS MARKET
Increasing demand for epoxy resins
As per a study, in 2017, resin production in the U.S. reached nearly 113 billion pounds of resin, on a dry weight basis. Resins are usually used in the production of plastic, varnishes and adhesives. In 2016, the production was approximately 112 billion pound and was 110 billion pound in 2015.
Few of the major competitors currently working in curing agents market are Evonik Industries, Hexion, Huntsman International LLC, Cardolite Corporation, BASF SE, Arnette Polymers, LLC., Atul Ltd, Campbell’s Plastics Limited, Epochemie- Epoxy Curing Agents, Epoxy Base Electronics Corporation Limited, Gabriel. Kukdo Chemical Co., Ltd, Kumiai Chemical Industry Co., Ltd., LEUNA- Harze GmbH, Mitsubishi Chemical Corporation, Nan Ya Plastics Corporation, Olin Corporation, Shangdong Deyuan Epoxy Resin Co, Ltd., Trans Oceanic Chemicals Pvt Ltd.
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