14-Apr-2022 | Facts and Factors
The global epoxy curing agents market was worth around USD 4,642.80 million in 2021 and is estimated to grow to about USD 6,851.1 million by 2028, with a compound annual growth rate (CAGR) of approximately 6.7% over the forecast period. The report analyzes the epoxy curing agents market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the epoxy curing agents market.
Epoxy curing agents are used in multiple building and construction applications as they have high shear strength and better quality finish characteristics. The construction sector will majorly drive the epoxy curing agents market growth over the forecast period. Increasing investments in infrastructure development across the world are expected to boost epoxy curing agents' market potential.
Browse the full “Epoxy Curing Agents Market By Type (Amine-based Curing Agents, Anhydrides Curing Agents, Others), By Application (Coatings, Electrical & Electronics, Wind Energy, Construction, Adhesive, Composite, Others), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecast 2022 – 2028” report at https://www.fnfresearch.com/epoxy-curing-agents-market
Epoxy curing agents have also found application in wind energy plants as they are being used crucially in the manufacturing of wind turbine blades due to their high strength and quality finish characteristics. Rapid urbanization and industrialization are projected to have a positive influence on the global epoxy curing agents market growth through 2028.
Better bonding property makes epoxy curing agents a popular choice in multiple industrial applications and as research and development bolster across the world, new products with better characteristics are expected to be launched. Epoxy curing agents companies can maximize their revenue potential by creating sustainable offerings as the sustainability trend is on the rise on a global scale.
However, the environmental hazards associated with the use of epoxy curing agents are expected to have a restraining effect on the global epoxy curing agents market. Increasingly strict mandates against the use of volatile solvents, and toxic chemicals and rising awareness among the general population about the same are expected to negatively influence epoxy curing agents market growth through 2028.
The COVID-19 pandemic that led to lockdowns and adverse economic conditions on a global scale led to the downfall of the epoxy curing agents market growth in 2020. The imposition of lockdowns hampered construction activity and hence hampered the sales revenue of the epoxy curing agents market companies.
As lockdowns are lifted and infections come under control the world will return to normal and this is expected to bring a steady demand back for the epoxy curing agents market in the post-pandemic era. The resumption of construction projects and high infrastructural activity will subsequently drive the market for epoxy curing agents over the forecast period.
The global epoxy curing agents market is segregated based on type, application, and region. Based on application, the global market is distinguished into Coatings, Electrical & Electronics, Wind Energy, Construction, Adhesive, Composite, and Others. The wind energy segment will lead the market on a global scale and is projected to see high demand owing to the rising establishment of wind energy plants across the world. Increasing focus on sustainability will further bolster the growth of this segment.
Asia Pacific region leads the global Epoxy curing agents market and is expected to maintain this stance over the forecast period as well. High infrastructural development has led to a substantial increase in construction activity in this region and is propelling the epoxy curing agents market growth through 2028. Rapid urbanization and industrialization are prominent trends that are influencing the epoxy curing agents market potential in the developing economies of China and India which will emerge as the most significant markets in this region. The budding construction sector in most economies will also favor epoxy curing agents market growth in the Asia Pacific region over the forecast.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 4,642.8 million |
Projected Market Size in 2028 |
USD 6,851.1 million |
CAGR Growth Rate |
6.7% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
Evonik Industries (Germany), Hexion Inc. (US), Huntsman Corporation (US), Cardolite Corporation (US), BASF S.E. (Germany), and Others |
Key Segment |
By Type, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Key players functioning in the global epoxy curing agents market include Evonik Industries (Germany), Hexion Inc. (US), Huntsman Corporation (US), Cardolite Corporation (US), and BASF S.E. (Germany), among others.
Recent Developments:
- In February 2019, Aditya Birla Corporation a multinational Indian organization announced its partnership with Lintech International, LLC to start distribution of its products in the United States. This will be aimed at the distribution of resins, monomers, and epoxy curing agents.
The global epoxy curing agents market is segmented as follows:
By Type
- Amine-based Curing Agents
- Anhydrides Curing Agents
- Others
By Application
- Coatings
- Electrical & Electronics
- Wind Energy
- Construction
- Adhesive
- Composite
- Others
By Region
- North America
- The U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Reunion
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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