Market Overview:

The global epoxy curing agent market reached a value of US$ 3.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.2 Billion by 2027, exhibiting at a CAGR of 4.9% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Epoxy curing agents are widely utilized to cure epoxy resins by reacting with the epoxide groups or producing the self-polymerization of the epoxy group via catalytic action. They have excellent bonding properties, mechanical strength, electrical insulation, and high chemical resistance. Some of the commonly used epoxy curing agents include amines, polyamide resin, tertiary and secondary amines, imidazole, polymercaptan curing agents, and anhydrides. Presently, curing agents for epoxy resins are mixed with diluents, coupling agents, fillers, and other agents to improve the curing properties and workability.

Epoxy Curing Agent Market Trends:

There is currently a rise in the utilization of epoxy curing agents in the construction industry across the globe. This, along with significant developments in lightweight composite materials, represents one of the key factors bolstering the growth of the market. Besides this, as the reaction of curing agents with epoxy resins results in thermoset materials, which are further employed as composites, they find extensive applications in mechanical, aerospace, automobile, biomedical, marine, and manufacturing industries worldwide. This can be attributed to the high durability, stiffness, flexural strength, damping property, and resistance against wear, corrosion, impact, and fire. In addition, there is a considerable increase in residential construction activities around the world on account of inflating per capita incomes of individuals and increasing population migration from rural to urban areas. This, coupled with the growing demand for electronic products, such as smartphones and automotive electronic equipment, is also driving the market. Furthermore, due to rising environmental concerns, leading market players are focusing on developing eco-friendly epoxy curing agents to expand their existing consumer base and overall sales. This is projected to create a favorable market outlook.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global epoxy curing agent market report, along with forecasts for growth at the global and regional level from 2022-2027. Our report has categorized the market based on product type, application and end user.

Breakup by Product Type:

• Amines
• Polyamides
• Anhydrides
• Others
   

Breakup by Application:

• Composites
• Paints and Coatings
• Adhesives and Sealants
• Electrical and Electronics
• Others
   

Breakup by End User:

• Building and Construction
• Transportation
• Wind Power
• Aerospace
• Marine
• Others
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Aditya Birla Management Corporation Pvt. Ltd., Atul Ltd., BASF SE, Cardolite Corporation, Cargill Incorporated, Evonik Industries AG, Hexion Inc., Huntsman Corporation, Kukdo Chemical Co. Ltd., Mitsubishi Chemical Holdings Corporation, Olin Corporation and Toray Industries Inc.

Report Coverage:

Key Questions Answered in This Report:

• How has the global epoxy curing agent market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global epoxy curing agent market?
• What are the key regional markets?
• What is the breakup of the market based on the product type?
• What is the breakup of the market based on the application?
• What is the breakup of the market based on the end user?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global epoxy curing agent market and who are the key players?
• What is the degree of competition in the industry?