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North America Epoxy Curing Agents Market – Industry Trends and Forecast to 2030

Chemical and Materials

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North America Epoxy Curing Agents Market – Industry Trends and Forecast to 2030

  • Chemical and Materials
  • Upcoming Report
  • May 2023
  • North America
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

North America Epoxy Curing Agents Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 277,311.00 USD Million
Diagram Market Size (Forecast Year) USD 432,083.00 USD Million
Diagram CAGR %

Major Markets Players

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North America 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.

North America Epoxy Curing Agents Market

North America 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 use of epoxy curing agents for applications in various sectors is fuelling growth of the epoxy curing agents market in North America. Polyamide is widely used in paints & coatings industry, therefore, it dominates the market. Growing advancements in technology for production and use of epoxy curing agents is boosting the market’s growth in North America.

Data Bridge Market Research analyses that the epoxy curing agents market which was USD 2,77,311. 45 million in 2022, is expected to reach USD 4,32,083. 53 million by 2030, growing at a CAGR of 5.7% 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.

North America Epoxy Curing Agents Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

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

Segments Covered

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)  

Countries Covered

U.S., Canada and Mexico in North America.

Market Players Covered

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).

Market Opportunities

  • Growing consumption of epoxy curing agents in paint and coating industry
  • Increasing demand in electronics sector

Market Definition

Epoxy curing agents are amine-based chemicals which forms three- dimensional cross linked system when reacts with epoxy resin. Epoxy curing agents are formulated with exceptional performance properties for their wide use in variety of industrial applications. 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. 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.

North America Epoxy Curing Agents Market Dynamics

Drivers

  • Rising wind energy generation plants

Wind energy is a popular energy generation method, and is being widely used worldwide. Epoxy curing agents are in high demand in wind energy generation. In the wind generation sector epoxy adhesives are used in manufacturing of turbine blades. Epoxy curing agents are combined with fibre materials such as glass, and fibre to produce blades as they are light in weight and resists fatigue. The sales of epoxy curing agents is expected to rise in the sector 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 in civil engineering and construction applications. Along with this increasing demand for adhesives and coatings 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.

Opportunities

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

Epoxy curing agents offers great adhesion, high mechanical and thermal properties, and chemical resistance for paints and coatings industry. The beneficial qualities of epoxy curing agents protect different surfaces, such as concrete, from decomposing in challenging environments. Therefore, epoxy curing agents are widely used for different applications in the paints and coatings industry. The growing use of epoxy adhesives in the industry is creating number of opportunities in the market.

  • Increasing demand in electronics sector

The demand of epoxy curing agents is increasing widely in the field of electrical and electronic components manufacturing. They are suitable for prevailing manufacturing requirements demanded by the industry, such as manufacturing yield improvement, miniaturization, environmental safety, health safety demands, and conservation of energy.  Therefore, the increasing demand of epoxy curing agents in the electrical and electronics sector is driving the market’s growth.

Restraints/Challenges

  • Hazardous effects of chemicals used in manufacturing

The manufacturing of epoxy curing agents uses harmful chemicals and gases which are hazardous to health when inhaled. The main effects caused during the manufacturing are irritation of the eyes, nose, throat, and skin, skin allergies, and asthma. Some other effects can also be caused other such as headaches, dizziness, and others. All these harmful effects restraints the market’s growth.

  • Stringent rules for manufacturing

Stringent environmental regulations regarding the usage and manufacturing of epoxy is a major factor to hinder the growth of epoxy curing agents market in the North American region. As epoxy curing agents contain several harmful chemicals and gases, there are certain rules and limitations for their manufacturing and use. The stringent rules and regulations is one of the major challenge for the epoxy curing agents market.

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.

North America Epoxy Curing Agents Market Scope

The epoxy curing agents market is segmented on the basis of type, product, end user and application. 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

North America Epoxy Curing Agents Regional Analysis/Insights

The epoxy curing agents market is analyzed 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 U.S., Canada and Mexico in North America.

In North America, U.S. dominates the epoxy curing agents market due to high availability of plastic raw material in the region. The growth is also due to the strong presence of leading aircraft component manufacturing companies, automotive companies, electrical and electronics companies in the region. In 2021, the total consumption volume of architectural paint in the U.S. was approximately 868 million gallons. Along with this the favourable government policies in the region is boosting the market’s growth in the region.

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 North America 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)


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FREQUENTLY ASK QUESTIONS

The North America Epoxy Curing Agents Market is projected to grow at a CAGR of 5.7% during the forecast period by 2030.
The future market value of the North America Epoxy Curing Agents Market is expected to reach USD 4,32,083. 53 million by 2030.
The major players in the North America 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), etc.
The countries covered in the North America Epoxy Curing Agents Market are U.S., Canada and Mexico in North America.
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