Epoxy Curing Agents Market Size, Share & Industry Analysis, By Type (Amines, Polyamide, Imidazoles, Anhydrides, Polyamidoamines, Others), By Application (Coatings, Construction, Electrical & Electronics, Wind Energy, Composites, Adhesives, Others) And Regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
Epoxy curing agents can be described as a material capable of taking part in a chemical reaction between the oligomer, polymer and pre-polymer to attain the polymerization process and to produce the final film. The cured resin has superior potential and a heat tolerance of 100°C. Aromatic amines have been developed to achieve stronger strength to heat and chemical tolerance than aliphatic amines.
Increased demand for high-performance resins obtained by blending polymers, generally in the paint & coatings industry would drive the growth of the epoxy curing agenta market. Good adhesion properties, excellent color consistency and high viscosity are main characteristics for the growth of the market. Thus, the growing paint and coating industry is a significant factor for the growth of global epoxy curing agents market. However, stringent environmental regulations about the use of volatile organic solvents may act as a limiting factor for epoxy curing agents industry growth.
Key Market Driver -
Increased demand paint and coatings industry is expected to drive the
Key Market Restraint -
Strict government laws is likely to restrict the market growth.
Epoxy Curing Agents Market Segmentation Analysis:
Based on type the market for epoxy curing agents is further segmented into amines, imidazoles, polyamides, anhydrides, polyamidoamines, and others. Based on the application the market for epoxy curing agents is further segmented into coatings, construction, electrical & electronics, wind energy, composites, adhesives, and other apand plications. From a geographical standpoint, the market is categorized to North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Players Covered:
- BASF
- Hexicon Inc.
- Evonik Industries
- Incorez Ltd.
- Momentive Specialty Chemicals
- Huntsman Corporation
- DOW Chemical Company
Key Insights
The epoxy curing agents report will cover the following key insights:
- Key Emerging Trends – For Major Regions
- Key Developments: Mergers, Acquisitions, Partnerships, and Others
- Latest Technological Advancement
- Regulatory Landscape
- Porters Five Forces Analysis
- Impact of COVID-19 on the Market
Regional Analysis:
Asia Pacific is expected to represent a large share of the global market. Increasing application in concrete binding, marble laminate and flooring would further boost the demand for epoxy curing agents. Massive manufacturing growth in China coupled with supportive policies are the major factor driving the product demand. North America is experiencing a decent growth during the forecast period due to the growing electronics industries in the region. In addition, the increasing construction sector in the area has aided to the market growth. Europe is seeing modest demand growth. Increasing production have boosted the market growth in the region. In addition, growing product penetration in renewable energy is the major factor for stimulating the epoxy curing agents market share in Europe. Latin America and Middle East are projected to indicate significant growth in the global market owing to various construction projects aligned in these regions.
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Segmentation
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- Ongoing
- 2023
- 2019-2022
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