Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 279,934.97 Million |
| USD 470,297.33 Million | |
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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.
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.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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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)
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Countries Covered
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China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).
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Market Players Covered
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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 (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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Market Opportunities
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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.
Drivers
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.
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.
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
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.
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.
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
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.
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
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
Product
End User
Application
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.
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:
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To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Asia Pacific Epoxy Curing Agents Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Asia Pacific Epoxy Curing Agents Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.