The Epoxy Curing Agent Market Global Industry Research Report is estimated at USD 3.61 billion in 2017 and is projected to reach USD 5.02 billion by 2022, at a CAGR of 6.84% from 2017 to 2022.
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The increasing use of epoxy curing agent in various applications, such as coatings, electrical & electronics, wind energy, construction, adhesive, and composite is driving the growth of the epoxy curing agent market.
The epoxy curing agent market has been segmented on the basis of type, application, and region. Based on type, the epoxy curing agent market has been segmented into amine-based, anhydride, and others. The amine-based segment is expected to grow at the highest CAGR in terms of value. Amine-based curing agents are more durable and chemical resistant than other curing agents, including its advanced properties such as curing time, pot life, chemical & thermal resistant, and weather ability. These curing agents play a vital role in determining the properties of the final cured product.
Based on application, the epoxy curing agent market has been segmented into coatings, electrical & electronics, wind energy, construction, adhesive, composite, and others. The wind energy segment is expected to grow at the highest CAGR, in terms of value, during the forecast period. Curing agents are preferred for epoxy resins for wind blade fabrications due to their high sheer, compressive strength, and light weight. The fatigue performance of epoxy curing agents improves the composite mechanical properties in rotor blades, thereby, enhancing the performance of wind turbine. These all are considered to be the forthcoming factors for epoxy curing agent into different applications.
The epoxy curing agent market in the Asia Pacific region is expected to grow at the highest CAGR during the forecast period. APAC is a rapidly developing region with many emerging countries and application sectors. These hold much opportunity for industry players who are willing to invest in these areas. The rising demand for epoxy curing agent from the key applications are coating, electrical & electronics, wind energy, construction, adhesive, composite, and others from countries such as India, China, Japan and others is projected to drive the growth of the epoxy curing agent market in the region.
Strict regulations from regulatory bodies restrain the manufacturing of curing agents for epoxy resins in European regions. With the increase in environmental concerns and regulatory policies, the manufacturers are adopting eco-friendly products in various applications. Furthermore, the global manufacturers of epoxy curing agents are focusing on ensuring safety and avoid health hazards due to the VOCs emission from chemical products.
Key players operating in the epoxy curing agent market include Evonik Industries (Germany), Hexion Inc. (US), Huntsman Corporation (US), Cardolite Corporation (US), BASF S.E. (Germany), Cardolite Corporation (US).
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List of Figures (53 Figures)
Figure 1 Epoxy Curing Agents: Market Segmentation
Figure 2 Epoxy Curing Agents Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Epoxy Curing Agents Market: Data Triangulation
Figure 6 Asia-Pacific to Dominate the Epoxy Curing Agents Market Till 2022
Figure 7 Amine-Based Epoxy Curing Agents: the Largest Type of the Epoxy Curing Agents Market Between 2017 and 2022
Figure 8 Wind Energy to Be the Fastest-Growing Application Between 2017 and 2022
Figure 9 Asia-Pacific to Be the Fastest-Growing Market for Epoxy Curing Agents By 2022
Figure 10 Emerging Economies Offer Attractive Opportunities in the Epoxy Curing Agents Market
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