Asia-Pacific Epoxy Curing Agents Market – Industry Trends and Forecast to 2030

Asia–Pacific Epoxy Curing Agents Market, By Type (Amine, Imidazoles Polymides, Anhydrides, Curing Agents, Diluents, Polyimides, Accelerators, Adhesion Promoters, Specialty Resins, Phenolic, Additives and 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 and Others), End User (Automotive and Transportation, Aerospace, Building and Construction, Power Generation, Electrical, Electronics, General Industrial, Marine, Oil and Gas, and Others), Application (Adhesives and Sealants, Paint, Coatings and Inks, Electronic Encapsulation, Composites, Others) - Industry Trends and Forecast to 2023 to 2030.

Asia-Pacific 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 high performance epoxy-based resin formulations in industries such as paints & coatings, construction, composites, and electronic.  The demand of epoxy curing agents is increasing in paints, electricity, civil engineering, and others is driving the market growth. High demand of epoxy curing agents in several industries such as marine automotive, aerospace, electrical, electronics, building and construction, oil and gas, paints and coatings to provide excellent properties. The rising demand of epoxy curing agents is significantly increasing the demand of epoxy curing agents.

Data Bridge Market Research analyses that the epoxy curing agents market which was USD 2,79,934.97 million in 2022, is expected to reach USD 4,70,297.33 million by 2030, growing at a CAGR of 6.7% 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.

Asia-Pacific Epoxy Curing Agents Market Scope and Segmentation

Market Definition

Epoxy curing agents are amine-based chemicals which forms three- dimensional cross linked system when reacts with epoxy resin. It is majorly available as amines, polyamides, and anhydrides with qualities such as high abrasion and chemical resistance, enhanced mechanical properties, and high corrosion protection. Epoxy resins are used in large scale for the manufacturing of adhesives for plastics, paints and coatings, and other industries as they possess strong adhesion and other significant properties. Along with this the blade shells are also glued together by epoxy curing agents. The growing use of epoxy curing agents in the wind energy industry is boosting the demand for epoxy curing agents, which is significantly contributing to the market’s growth.

Asia-Pacific Epoxy Curing Agents Market Dynamics

Drivers

• Rising wind energy generation plants

Wind energy is energy generation method popular worldwide. Epoxy curing agents are used in large-scale in wind energy generation In the wind energy sector epoxy curing agents are widely used in manufacturing of turbine blades as they are light weight, resists fatigue, provides good adhesion and lack of shrinkage after cooling. These are mostly combined with glass and carbon fibre to produce blades and further used. The market of epoxy curing agents is expected to rise due to increased generation and demand of wind energy.

• Increasing demand in end-use industries

Epoxy curing agents market is fuelled by increasing demand in the wind energy industry, and rising use of epoxy curing agents in civil engineering and construction applications. Along with this increasing demand for adhesives and coatings, and increasing demand for adhesives in the automotive industry are expected to boost the market during the forecast period of 2023 to 2030. The growing demand in civil engineering applications such as concrete bonding, flooring, and marble laminate are significantly driving the market’s growth.

• Increased demand for coating epoxy cure agents

The epoxy curing agents market is fuelled by the increased demand for coating epoxy cure agents.  Epoxy curing agents in industrial paints and coatings are used, such as flooring paints or metal paints. The epoxy curing agents are further included to provide the chemical or physical resilience of the finished coat. Along with this, the increased demand for epoxy curing agents in the coating sector is dominating the global epoxy curing agent market in the forecast period of 2023 to 2030.

Opportunities

• Growing consumption of epoxy curing agents in paint and coating industry

Epoxy curing agents are mostly used in paint and coating industry due to their beneficial qualities such as, great adhesion, high mechanical and thermal properties, and chemical resistance. Along with this epoxy curing agents, helps in protecting different surfaces, such as concrete and others. Therefore, epoxy curing agents are used widely for several applications in the paints and coatings industry. The growing consumption of epoxy adhesives in the industry is creating major opportunity for the market’s growth.

• Increasing demand in electronics sector

There is rising demand of epoxy curing agents in the manufacturing of electrical and electronic components. Epoxy curing agents are considered best suitable material and fulfil all the essential requirements such as manufacturing yield improvement, miniaturization, environmental safety, health safety demands, and conservation of energy.  Thus, there is an increasing demand of epoxy curing agents in the electrical and electronics sector which is significantly boosting the market’s growth.

• New developments in light weight composite materials

Curing agents are required for the manufacturing of composites for fast curing and high strength. The goods made with resins has more longevity than the goods made with conventional items. These composite materials made with epoxy curing agents are approximately 50% lighter than steel and almost 30% lighter than aluminium, performance and strength in various automotive and aerospace applications. The automotive sector uses composite materials in a variety of applications. Therefore, development in light weight composite materials due epoxy curing agents is creating a number of opportunities for the market’s growth.

Restraints/Challenges

• Hazardous effects of chemicals used in manufacturing

There are various harmful gases and chemicals used in the manufacturing of epoxy curing agents, if inhaled can be deadly. Epoxy curing agents have various hazardous effects such as sensitization the skin, resulting in serious issues such as dermatitis and blistering, and can cause major problems such as asthma. Some other effects include headaches, dizziness, and others. All these hazardous health effects is a major challenge for the market’s growth.

• Environmental Regulations

The aliphatic amine curing agents, cycloaliphatic amine curing agents, and aromatic amine curing agents the types of amine-based epoxy curing agents. Epoxy resin and an epoxy curing agent are present in epoxies.  There are number of reactive diluents and liquid epoxy resins which are non-biodegradable. They are considered environmentally hazardous. Along with this solvent-borne epoxy resins, also release dangerous volatile organic compounds into the atmosphere. Therefore, agencies such as the Environmental Protection Agency (EPA) and REACH (Registration, Evaluation, Authorization, and Restriction of Compounds) regulates and restrict the use of such efficient chemicals to lessen the harmful effects on the environment. 

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.

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 January 2022, Cardolite Corporation announced new waterborne curing agent for epoxy systems, NX-8502. As with maximum number of their hardeners, this material is free of solvent and can be formulated in zero and low V.O.C. coatings. NX-8502 is designed for high performance anticorrosion coatings for longer protection of metal substrate. Thus, this key development will significantly boost the market’s growth.  

Asia-Pacific 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

Application

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

Asia-Pacific 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 application as referenced above.

The countries covered in the epoxy curing agents market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).

In Asia Pacific, the China dominates the epoxy curing agents market due to high availability of plastic raw material in the region.  This growth is attributed due to the major consumption of epoxy agents by paints, coatings, and ink industry. The growing consumption is significantly contributing in the market’s growth.  

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 Asia-Pacific Epoxy Curing Agents Market Share Analysis

The epoxy curing agent’s 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)