Global Epoxy Curing Agents Market Overview
Curing agents (hardeners) are a kind of chemical substances which are added to resins to harden or toughen them. Epoxy curing agents contain epoxide functional group. Epoxy curing agents are commonly utilized in metal coatings, adhesives, composite, and concrete coatings, applications. These agents are mainly employed as primers for protective coatings. They have properties such as mechanical strength, electrical insulation, and chemical strength.
Epoxy curing agents market is anticipated to witness growth in the future owing to increasing coatings and construction industries. Moreover, the growing demand for curing agents in coatings industry across the world have a prominent influence on the global market for epoxy curing agents. The construction industry is also anticipated to drive the global epoxy curing agent’s market growth in forecast period. However, environmental concerns among people may impact negatively on the epoxy curing agents market growth in the forecast period.
Epoxy curing agents market has been segmented on the basis of type, application and region.
On the basis of type, the epoxy curing agents market has been segmented into amine-based curing agents, anhydride curing agents, and other curing agents. Based on application, segments of the epoxy curing agents market are coatings, electrical and electronics, wind energy, construction, composites, adhesives and other applications.
On the basis of region, the epoxy curing agents market has been segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.
Asia Pacific accounted for major share in the epoxy curing agents market. The Asia Pacific is the growing market for epoxy curing agents and is estimated to continue its dominance over forecast years. This may be attributed due the countries such as India, China, and Japan of Asia Pacific region are increasingly using epoxy curing agents for construction, coatings and electrical & electronics application. Europe is expected to be the second highest regional market in terms of revenue and volume owing to the significant growth of the coatings and automotive industry in this region.
Global Epoxy Curing Agents Market Competitive Landscape & Key Players
The key players operating in the epoxy curing agents market includes Evonik Industries, Cardolite Corporation, Dow Chemical Company, DIC Corporation, BASF SE, Hexicon Inc., Incorez Ltd., Gabriel Performance Products, Momentive Speciality Chemicals, and Brenteg Specialities Inc.
FAQs
Epoxy Curing Agents Market accounted for US$ 4.25 billion in 2020 and is estimated to be US$ 7.66 billion by 2030 and is anticipated to register a CAGR of 6.1%.
The Epoxy Curing Agents Market is segmented by type, application, and region.
The Epoxy Curing Agents Market is driven by factors such as the growth of the construction and automotive industries, increasing demand for epoxy-based coatings and adhesives, and advancements in epoxy curing agent formulations, enhancing their performance and versatility.
The environmental impact of certain curing agents, stringent regulations on volatile organic compounds (VOCs), and the need for specialized handling and application techniques, acting as potential restraints for the Epoxy Curing Agents Market globally.
North America, Europe, Asia-Pacific, and Latin America. Asia-Pacific is expected to dominate the Epoxy Curing Agents Market, driven by rapid industrialization, construction activities, and the growing use of epoxy-based materials in the region.
The key players operating in the global epoxy curing agents market includes Evonik Industries, Cardolite Corporation, Dow Chemical Company, DIC Corporation, BASF SE, Hexicon Inc., Incorez Ltd., Gabriel Performance Products, Momentive Speciality Chemicals, and Brenteg Specialities Inc.