Global Epoxy Resin Curing Agents Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028
“Global Epoxy Resin Curing Agents Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global epoxy resin curing agents market report has been segmented on the basis of product type, application, and region
Global Epoxy Resin Curing Agents Market: Overview
Epoxy resins are commonly used in civil engineering applications and in cultural heritage conservation due to their advanced chemical and mechanical properties, as repairing materials, adhesives, coatings, and matrices for composites.
In order to convert epoxy resins to hard, infusible thermoset networks its necessary to use crosslinking agents. Curing can occur by either homopolymerization initiated by a catalytic curing agent or a polyaddition/copolymerization reaction with a multifunctional curing agent.
Global Epoxy Resin Curing Agents Market: Dynamics
Rapid industrialization in developed and developing countries, government initiatives towards developing of present infrastructure, coupled with high adoption of epoxy resin curing agents due to excellent adhesion to various substrates are some major factors expected to drive the growth of the global market. In addition, increasing construction and reconstruction activities across the globe is resulting in high demand for paint and coating products, and increasing use of epoxy resin curing agents in paint and coating materials owing to properties such as low viscosity, higher chemical resistance, and good balance in performances is another factor expected to further support growth of the target market.
Moreover, flourishing electronic industry and increasing demand for from electronic manufactures epoxy resin curing agents is expected to further support the growth of the market.
However, stringent government regulation related to VOC emission is a major factor expected to hamper the growth of the global market.
Increasing investment by major players for R&D activities and the development of eco-friendly products and are factors expected to create new opportunities in terms of revenue for players operating in the target market over the forecast period. In addition, increasing expansion activities through partnerships and agreements, coupled with innovative product offerings are expected to further support the growth of the target market to a certain extent.
Global Epoxy Resin Curing Agents Market: Segment
Among the product type segments, the amines and polyamines segment is expected to dominate in the target market over the forecast period.
Among the application segments, the construction segment is expected to contribute significant revenue shares in the target market over the forecast period.
Global Epoxy Resin Curing Agents Market: Region
The market in the Asia Pacific is expected to dominate the global market and is expected to continue its dominance over the forecast period. This can be attributed to increasing construction and reconstruction activities, high demand from electronic manufacturers, and presence of major manufacturers operating in emerging economies in this region.
The markets in North America and Europe are expected to contribute significant revenue shares in the global market, owing to increasing demand from the automotive industry. In addition, increasing merger and acquisition activities between regional and international players are expected to further support the growth of the target market in this region to a certain extent.
The market in Latin America is expected to witness moderate growth, owing to increasing expenditure on development of present infrastructure and the increasing presence of major paint manufacturers due to easy availability of raw materials and low-cost labor.
Global Epoxy Resin Curing Agents Market Segmentation
Segmentation by product types
- Amines and Polyamines
- Amides and Polyamides
Segmentation by application
- Electrical and Electronics
- Power Generation
- Automotive and Transportation
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Evonik Industries AG
- Air Products and Chemicals, Inc.
- Hexion Inc.
- BASF SE
- Huntsman Corporation
- Cardolite Corporation
- Kukdo Chemical Co., Ltd.
- Aditya Birla Chemicals (Thailand) Ltd.
- Mitsubishi Chemical Corporation
- Atul Limited
- Epoxy Base Electronic Material Co. Ltd.
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