The global Epoxy Curing Agents Market was worth USD 3.85 Billion in 2018 and is expected to value at USD 5.37 Billion by 2023, at the CAGR of about 6.85%. The increasing construction and building segment lead the market. The development of a unique technology offers the opportunity to improve the performance of the IPD-based curing agent.
The Aradur 2978 epoxy hardener is formulated to meet the demands of higher performance and higher productivity. This epoxy hardener improves the current state of the art for several advantages. Aradur 2978 has a lower viscosity than typical IPD-based hardeners, resulting in a lower mixed binder viscosity and higher filler loads.
Market Drivers and Restraints:
The growing demand for construction and wind energy, technological advances in the manufacturing sector and the increasing demand for ecological paints and coatings, along with applications such as coatings, electricity and electronics, construction, adhesives and compounds, is driving the market for epoxy curing. Factors such as population growth and urbanization with an improved economy increase the purchasing power of consumers, contributing to market growth. Trends include the replacement of dicyandiamide hardeners with phenol and the development of hardeners with low volatile organic compounds.
The growing demands of the paint and coatings industry and the ever-increasing construction industry are pushing the need for epoxy curing agents. The escalating use of PCBs in the manufacture of electronic products such as smartphones, mobile devices, machinery, automotive electronics and other consumer electronics also propel the world market.
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Report segmented as
- Amine-Based Curing Agents,
- Anhydride Curing Agents
- Wind Energy,
- Electrical & Electronics
Geographically, the world market can be segmented as North America, South America, Europe, Middle East & Africa, and Asia-Pacific. North America leads the world market for epoxy curing agents. Asia-Pacific holds the most prominent market share. The repeatedly rising demand for epoxy curing agent from areas of uses as coatings, electrical & electronics, wind energy, construction, and others delivers the market in countries as China, Japan, India, and others lead the growth of the market for epoxy curing agent in the APAC.
Important Market Players:
Evonik Industries, Hexion Inc., Huntsman Corporation, Cardolite Corporation, BASF S.E., Gabriel Performance Products are a few major participants for the epoxy curing agent market.Evonik Industries AG engages in the chemicals business. The company operates through nutrition & care, resource effectiveness, performance materials, and amenities segments.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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