Global Epoxy Curing Agents Market Overview
The global epoxy curing agents market was worth $XX billion in 2018 and is forecasted to reach $XX billion by 2026, at a CAGR of XX% during the forecast period. Epoxy curing agents contain an epoxide functional group. Curing agents are a kind of chemical additives added to resins to harden or toughen of polymers by cross-linking of polymer chains.
Global Epoxy Curing Agents Market – Market Dynamics
Epoxy curing agents are widely used in various end user industries owing to its superior properties such as mechanical strength, chemical strength, and electrical insulation. Increased demand for epoxy curing agents in the refinery industry is likely to enhance the epoxy curing agents market. These are also used to manufacture printed circuit boards for the various kinds of electronic products like mobile devices, automotive electronics, and others. In refineries, epoxy curing agents are used as corrosion inhibitors.
It has also been observed that the construction industry is expected to drive demand for epoxy curing agents market globally. Additionally, stringent regulations made for the usage of lightweight components in aerospace and automotive sectors are surging the demand for epoxy curing agents market.
However, increasing cost of raw material used in wind energy and aerospace industries has increased the total cost of epoxy curing agents. Also, some concerns related to an environment like discharge a harmful compound called volatile organic compounds are hindering the growth the market.
Global Epoxy Curing Agents Market – Segment Analysis
Based on the type the global epoxy curing agents market is broadly segmented into amines, polyamide, imidazoles, polymercaptan, anhydrides, polymercaptan, and others. Among all these the amine-based curing agents is the largest segment of the epoxy curing agents market and is expected to grow at a higher rate in the forecast period because they have a longer life span and chemical resistant compared to other curing agents. These curing agents play a crucial role in determining the properties of the final cured product. The properties of amine-based curing agents include chemical & thermal resistant and weather ability. The primary applications of amine-based curing agents include coatings, adhesives, composites, and electrical & electronics, among others. The rise in demand for coatings, electrical & electronics industries are boosting the amine-based epoxy curing agents segment.
Based on the application the global epoxy curing agents market is broadly segmented as coating, building & construction, adhesives and others. Among all these construction industries occupies the dominant share. Construction industry is a significant factor fuelling demand for epoxy curing agents. Increase in use of epoxy curing agents in construction applications such as increasing concrete bonding, flooring, and marble laminate is predicted to boost the epoxy curing agents market in the forecast period.
Global Epoxy Curing Agents Market – Geographical Analysis
Global epoxy curing agents market is segmented by geographic region which includes North America, South America, Europe, Asia-Pacific, and Middle East & Africa. The Asia Pacific occupies the dominant share in the epoxy curing agents market and is expected to grow at a CAGR of XX% in the forecast period. Owing to an increase in demand for coatings, adhesives, composites in India, China, Taiwan, and South Korea has made Asia Pacific largest consumer of the global epoxy curing agents. This region holds many opportunities for industry players who are willing to invest because of low initial investments and cost-effective labor. Also, the rising demand for epoxy curing agent from the key applications such as coatings, electrical & electronics, wind energy, construction, adhesive, composite, and others from countries such as India, China, and Japan are projected to drive the growth of the epoxy curing agent market in the region.
Global Epoxy Curing Agents Market – Competitive Analysis
Significant players in the global epoxy curing agents market are Evonik Industries AG, Hexion Inc., BASF SE, Huntsman International LLC, Mitsubishi Chemical Corporation, Aditya Birla Chemicals, Cardolite Corporation, The Dow Chemical Company, Kukdo Chemical Co., Ltd., Air Products and Chemicals, Inc., and Others. Product launches, partnerships, and expansions are some of the strategies adopted by players to increase their market share. For instance, in April 2018, Hexion launched a new hybrid epoxy resin product EPOSIL Resin 5550, which offers superior performance in protective coatings, excellent resistance to corrosion, high resistance to temperature, and anti-graffiti properties.
In January 2019, Cardolite Corporation launched LITE 5262, an amine-based curing agent for 2-component epoxy coatings.
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• Visualize the composition of the epoxy curing agents market across each indication, in terms of type and treatment options, highlighting the key commercial assets and players.
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1. Global Epoxy Curing Agents Market Methodology and Scope
1.1 Research Methodology
1.2 Research Objective and Scope of the Report
2. Global Epoxy Curing Agents Market – Market Definition and Overview
3. Global Epoxy Curing Agents Market – Executive Summary
3.1 Market Snippet by Type
3.2 Market Snippet by Application
3.3 Market Snippet by Region
4. Global Epoxy Curing Agents Market – Market Dynamics
4.4 Impact Analysis
5. Global Epoxy Curing Agents Market – Industry Analysis
5.1 Porter's Five Forces Analysis
5.2 Supply Chain Analysis
5.3 Pricing Analysis
5.4 Regulatory Analysis
5.5 Patent Analysis
6. Global Epoxy Curing Agents Market – By Type
7. Global Epoxy Curing Agents Market – By Application
7.4 Electric & Electronics
7.5 Others (includes Composites)
8. Global Epoxy Curing Agents Market – By Region
8.1 North America
8.2.6 Rest of Europe
8.3 South America
8.3.3 Rest of South America
8.4 Asia Pacific
8.4.5 Rest of Asia Pacific
8.5 Middle East & Africa
9. Global Market – Competitive Landscape
9.1 Competitive Scenario
9.2 Competitor Epoxy Curing Agents Strategy Analysis
9.3 Comparative Product Portfolio Analysis
9.4 Market Positioning/Share Analysis
9.5 Mergers and Acquisitions Analysis
10.1 Evonik Industries AG
10.2 Hexion Inc.
10.3 BASF SE
10.4 Huntsman International LLC
10.5 Mitsubishi Chemical Corporation
10.6 Aditya Birla Chemicals
10.7 Cardolite Corporation
10.8 The Dow Chemical Company
10.9 Kukdo Chemical Co., Ltd.
10.10 Air Products and Chemicals, Inc.
11. Global Epoxy Curing Agents Market – Premium Insights
12. Global Epoxy Curing Agents Market – DataM
12.2 About Us and Services
12.3 Contact Us