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Global Epoxy Curing Agents Market – Industry Trends and Forecast to 2029

  • Chemical and Materials
  • Upcoming Report
  • Apr 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60
  • Chemical and Materials
  • Upcoming Report
  • Apr 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Epoxy Curing Agents Market,  By Type (Diluents, Accelerators, Adhesion Promoters, Specialty Resins, Additives, Others), Product (CycloAliphatic Amines, Aliphatic Amines, Polysulfide, Water Borne Curing Agents, Low Emission Curing Agents, Polyamides, AmidoAmines, Phenolics, Mercaptans, Phenalkamide, Polyamido-Amines, Phenalkamine, Low Temperature Curing Agents, Metaphenylene Diamine, Methylene Dianiline, Anhydrides, Latent Curing Agents, Others), Applications (Coatings and Inks, Adhesives and Sealants, Composites), Industry (Automotive, Aerospace, Building and Construction, Electrical, Electronics, Industrial, Marine, Oil and Gas, Paints and Coatings, Others) – Industry Trends and Forecast to 2029.

Epoxy Curing Agents Market

Market Analysis and Size

The market has largely witnessed growth over the past few years owing to the variety of applications of epoxy curing agents across various end-use industries as well as significant developments by the market players over the years. Therefore, the market is estimated to expand immensely over the forecasted period due to such strong growth determinants.

The global epoxy curing agents market was valued at USD 3900 million in 2021 and is expected to reach USD 5976.21 million by 2029, registering a CAGR of 5.48% in 2022-2029. The aliphatic amines are anticipated to lead the segment due to the huge demand for products that can maintain cartilage health and are widely used in the electronics industries as corrosion inhibitors and flotation agents. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Market Definition

Epoxy curing agents are compounds that are used in conjunction with an epoxy polymer to produce a high-quality end product. Even after curing, they have excellent bonding properties. Epoxy curing agents provide great chemical resistance, excellent mechanical strength, and electrical insulation. Epoxy resin curing is an exothermic reaction that, if not managed, can produce enough heat to induce thermal deterioration. Epoxy resin systems are divided into two sections: a "A" side and a "B" side. Aside from that, the curing agent is in charge of reacting with the epoxy groups in the epoxy resin.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

By Type (Diluents, Accelerators, Adhesion Promoters, Specialty Resins, Additives, Others), Product (CycloAliphatic Amines, Aliphatic Amines, Polysulfide, Water Borne Curing Agents, Low Emission Curing Agents, Polyamides, AmidoAmines, Phenolics, Mercaptans, Phenalkamide, Polyamido-Amines, Phenalkamine, Low Temperature Curing Agents, Metaphenylene Diamine, Methylene Dianiline, Anhydrides, Latent Curing Agents, Others), Applications (Coatings and Inks, Adhesives and Sealants, Composites), Industry (Automotive, Aerospace, Building and Construction, Electrical, Electronics, Industrial, Marine, Oil and Gas, Paints and Coatings, Others)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa

Market Players Covered

Corporate.Evonik (Germany), Arkema (France), Hexion (U.S.), Huntsman International LLC (U.S.), Cardolite Corporation (U.S.), BASF SE(Germany), Cardolite Corporation (U.S.), Kukdo Chemical Co., Ltd., (South Korea), Dupont (U.S.), DAIKIN (Japan), Bostik (France), H.B. Fuller Company (U.S.), Sika AG (Switzerland), Freudenberg SE (Germany),  Aditya Birla Group Chemicals (India), Mitsubishi Chemical Corporation (Japan),  DOW (U.S.), SOLVAY (Belgium), Air Products, Inc., (U.S.) and Momentive (U.S.)

Market Opportunities

  • Growing demand for lubricants that are corrosion resistant, non-flammable and nontoxic

  • Significant investments in research and development activities

Epoxy Curing Agents Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • High Demand Across End Users

The epoxy curing agents market is largely driven by rising demand for epoxy curing agents in the wind energy industry and increased adoption of epoxy curing agents in civil engineering and construction applications. In addition, increased demand for epoxy curing agents from their use in adhesives and coatings and an increase in demand for adhesives in the construction industry are expected to drive the market throughout the anticipated period. Additionally, the market is expected to be fueled by rising usage of epoxy curing agents in civil engineering and construction applications such as concrete bonding, flooring, and marble laminate.

The shift towards construction of decorative buildings and increasing spending by government on sustainable construction will further propel the growth rate of epoxy curing agents market. Additionally, the growing demand for electronic products, such as smartphones and automotive electronic equipment, also increases the demand for the epoxy curing agents to bolster the growth of the market.

Opportunities

  • Development and Awareness

Furthermore, the development of new environmentally friendly epoxy curing agents extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the rapid development in wind and solar energy coupled with the surging awareness associated with the excellent thermal, mechanical, and electrical insulating properties of epoxy curing agents is estimated to further expand the future growth of the epoxy curing agents market.

Restraints/Challenges

  • High Raw Material Prices

The high floatation in the prices of raw material for the epoxies are estimated to create hindrances for the growth of the epoxy curing agents market.

  • Stringent Regulations

Also, the stringent environmental regulations regarding the usage of epoxies will prove to be a demerit for the epoxy curing agents market. Therefore, this factor is estimated to challenge the epoxy curing agents market growth rate.

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.

COVID-19 Impact on Epoxy Curing Agents Market

The recent outbreak of coronavirus had a negative impact on the epoxy curing agents market for a short period. The closure of many industry manufacturing facilities in the construction, industrial, and transportation sectors as a result of COVID-19 has resulted in a drop in demand for epoxy curing agents. Due to the closure of many industry production facilities, demand for epoxy curing agents in the construction, industrial, and transportation sectors has decreased. The majority of these industries have been harmed as a result of poor transportation and the scarcity of manpower during the pandemic. The demand for epoxy curing agents has increased as the demand for medical equipment such as incubation chambers and other medical storage devices has increased. As a result, the aforementioned factors are projected to restrain the growth of the worldwide epoxy curing agents market in the near future.

Global Epoxy Curing Agents Market Scope

The epoxy curing agents market is segmented on the basis of type, product, application and industry. The growth amongst these segments will help you analyze 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

  • Diluents

  • Accelerators

  • Adhesion Promoters

  • Specialty Resins

  • Additives

  • Others

Product

  • CycloAliphatic Amines

  • Aliphatic Amines

  • Polysulfide

  • Water Borne Curing Agents

  • Low Emission Curing Agents

  • Polyamides

  • AmidoAmines

  • Phenolics

  • Mercaptans

  • Phenalkamide

  • Polyamido-Amines

  • Phenalkamine

  • Low Temperature Curing Agents

  • Metaphenylene Diamine

  • Methylene Dianiline

  • Anhydrides

  • Latent Curing Agents

  • Others

Application

  • Coatings and Inks

  • Adhesives and Sealants

  • Composites

Industry

  • Automotive

  • Aerospace

  • Building and Construction

  • Electrical

  • Electronics

  • Industrial

  • Marine

  • Oil and Gas

  • Paints and Coatings

  • Others

Epoxy Curing Agents Market Regional Analysis/Insights

The epoxy curing agents market is analyzed and market size insights and trends are provided by country, type, product, application and industry as referenced above.

The countries covered in the epoxy curing agents market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the epoxy curing agents market because of the wider demand of diluents in the paints and coatings industry to dissolve the polymer and adjust the viscosity of the paint within the region.

On the other hand, North America is estimated to show lucrative growth during the forecast period of 2022 to 2029 due to the high usage of the epoxy products in automobile and other industries with the wide demand of diluents in automotive industries the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact 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 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

  • Corporate.Evonik (Germany)

  • Arkema (France)

  • Hexion (U.S.)

  • Huntsman International LLC (U.S.)

  • Cardolite Corporation (U.S.)

  • BASF SE (Germany)

  • Cardolite Corporation (U.S.)

  • Kukdo Chemical Co., Ltd., (South Korea)

  • Dupont (U.S.)

  • DAIKIN (Japan)

  • Bostik (France)

  • H.B. Fuller Company (U.S.)

  • Sika AG (Switzerland)

  • Freudenberg SE (Germany)

  • Aditya Birla Group Chemicals (India)

  • Mitsubishi Chemical Corporation (Japan)

  • DOW (U.S.)

  • SOLVAY (Belgium)

  • Air Products, Inc., (U.S.)

  • Momentive (U.S.)

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Frequently Asked Questions

The Epoxy curing agents Market is expected to show a value of USD 5976.21 million by 2029.
The Epoxy Curing Agents Market is estimated to register a CAGR of 5.48% within the forecast period.
The factors such as growing demand for electronic products, such as smartphones and automotive electronic equipment along with the rising demand for epoxy curing agents in the wind energy industry, as well as increased adoption of epoxy curing agents in civil engineering and construction applications are the major drivers for the market.
The major players operating in the Epoxy Curing Agents Market are Corporate.Evonik (Germany), Arkema (France), Hexion (U.S.), Huntsman International LLC (U.S.), Cardolite Corporation (U.S.), BASF SE(Germany), Cardolite Corporation (U.S.), Kukdo Chemical Co., Ltd., (South Korea), Dupont (U.S.), DAIKIN (Japan), Bostik (France), H.B. Fuller Company (U.S.), Sika AG (Switzerland), Freudenberg SE (Germany), Aditya Birla Group Chemicals (India), Mitsubishi Chemical Corporation (Japan), DOW (U.S.), SOLVAY (Belgium), Air Products, Inc., (U.S.) and Momentive (U.S.).

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