Global Epoxy Curing Agents Market, By Type (Amine-Based Curing Agents, Anhydride Curing Agents), By Application (Coatings, Construction, Adhesives, Composites, Wind Energy, Electrical & Electronics) – Industry Trends and Forecast to 2024
Market Analysis: Global Epoxy Curing Agents Market
The Global Epoxy Curing Agents Market accounted for USD 3.45 billion in 2016 and is projected to grow at a CAGR of 6.9% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Market Definition: Global Epoxy Curing Agents Market
Curing agents are a type of chemical additives added to base resins to toughen or harden them. Epoxy curing agents contain epoxide functional group. The choice of epoxy curing agents depends on the base resin as well as the required degree of toughness. Each epoxy curing agent has its own set of characteristics that defines the degree of curing and time. Commonly used epoxy curing agents are aliphatic, cycloaliphatic, polyamide, mercaptan, amidoamine, and others. There is a growing demand for epoxy curing agents in coatings, construction, adhesives, composites, wind energy and electrical & electronics activity, which is expected to be one of the major drivers of the market over the next seven years.
Major Market Drivers:
- High demand in construction and wind energy
- Technological advancement in the manufacturing sector
- Growing demand for eco-friendly paints & coatings
- Environmental regulation in European countries
Market Segmentation: Global Epoxy Curing Agents Market
The epoxy curing agents market is segmented on the basis of type into amine-based curing agents and anhydride curing agents. The amine-based curing agents are further sub segmented into aliphatic, cycloaliphatic, polyamide, amidoamines and others. The anhydride curing agents are further sub segmented into hexahydrophthalic anhydride (HHPA), nadic methyl anhydride and pyromellitic dianhydride (PMDA)
On the basis of application, the market is segmented into coatings, construction, adhesives, composites, wind energy, electrical & electronics and others.
On the basis of geography, the epoxy curing agents market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
Competitive Landscape: Global Epoxy Curing Agents Market
The global epoxy curing agents market is consolidated with the presence of a limited number of players. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Competitors: Global Epoxy Curing Agents Market
Some of the major players in epoxy curing agents market include Evonik Industries, Air Products and Chemicals, Inc., Hexion Inc., BASF SE, Huntsman Corporation, Cardolite Corporation, Kukdo Chemical Co., Ltd., Aditya Birla Chemicals (Thailand) Ltd., Mitsubishi Chemical Corporation, Atul Limited, Epoxy Base Electronic Material Co. Ltd. and many more.
Research Methodology: Global Epoxy Curing Agents Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted 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 can 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. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.