The Epoxy Curing Agents Market delves into various aspects, enabling readers to gain a deep understanding of the market dynamics, trends, and potential opportunities.
In 2020, the global epoxy curing agent’s market size was valued at more than $4 billion. During the forecast period, the epoxy curing agents market is forecast to grow with a CAGR of more than 5% from 2021 to 2027.
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The epoxy resin systems are divided into two parts: the “A” side and the “B” side. Aside from the epoxy resin itself, the epoxy curing agent is a component of the epoxy resin B side this is referred to as the “hardener.” The epoxy curing agent interacts with the epoxy groups in the epoxy resin. Curing agents produce rigid, thermoset materials when they react with epoxy resins. There are several types of epoxy curing agents, mostly amines, polyamides, and anhydrides.
Factors Impacting the Epoxy Curing Agents Market
- Epoxy curing agents are gaining popularity due to increasing demand in the building & construction industry and emerging technological advances in lightweight construction materials.
- A high demand exists for epoxy curing agents that are used in the production of printed circuit boards (PCBs), which are essential for the manufacture of a wide range of electronic goods, including mobile phones, smartphones, automotive electronics, and other consumer electronics.
- Epoxy curing agents will continue to have a positive effect on the epoxy curing agent’s market trend in the coming years due to the increasing demand for lightweight raw materials in various industrial applications.
- The growth of the amine-based epoxy curing agent market is influenced by an increase in demand for paints and coatings in the construction sector, particularly for flooring and interior painting.
- Epoxy curing agents have excellent thermal and electrical insulating characteristics and excellent mechanical properties, which has led to a high market growth rate due to rapid development in wind and solar energy and a rise in demand for different types of industrial tools.
- Epoxy curing agent manufacturers need to expand their global footprint in order to secure additional clients amid global demand for the product.
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Covid-19 Impact: The Epoxy Curing Agent Market
- During a short period, COVID-19 adversely affected the epoxy curing agents market.
- The closure of several industrial production plants in the construction, industrial, and transportation sectors led to a decline in demand for epoxy curing agents. During this period of a pandemic, many of these industries are affected because of inadequate transportation and low labor supply.
- A rise in the number of medical storage devices, such as incubators, lead to an increase in the need for epoxy curing agents.
Regional Outlook: The Epoxy Curing Agents Market
- This report covers the global market for epoxy curing agents in the following countries: the Middle East and Africa, North America, Europe, Asia-Pacific, and the Rest of the World.
- The epoxy curing agent market in Asia-Pacific is dominated by epoxy curing agents because they are highly produced and consumed in China as well as a wide variety of diluents used to dissolve the polymer and adjust its viscosity.
- North America is the leading producer of epoxy curing agents thanks to the high usage of epoxy products in automobiles and other industries, and the increased use of diluents in automotive industries in Canada as these diluents, improve the overall process performance.
- Due to its high consumer spending on buildings where paints and coatings are widely used, Germany dominates the epoxy curing agent market in Europe, and as a result, has an increasing demand for diluents that help increase the corrosion resistance of building materials.
Aim of the Report: The Epoxy Curing Agent Market
The global epoxy curing agents market is segmented based on curing Agent, Application, and End-User.
Segmentation based on Curing Agent
- Amines
- Polyamides
- Anhydrides
- Others
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Segmentation based on Application
- Paints & Coating
- Adhesives
- Composites
- Electronic encapsulation & Others
Segmentation based on End-User
- Building & construction
- Transportation
- General Industrial
- Wind Power
- Aerospace
- Marine & Others
Key Players: the Epoxy Curing Agents Market
This report profiles several major companies, including
- Evonik Industries AG
- Reliance Composites Polymers
- Atul Ltd.
- Mitsubishi Chemical Corporation
- Park Aerospace Corp.
- Bhor Chemicals and Plastics Private Limited
- Cytec Solvay Group
- Barrday Inc.
- Hexcel Corporation
- Huntsmann Corporation
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Table of Content
Chapter 1: Global Epoxy Curing Agents Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Epoxy Curing Agents market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Epoxy Curing Agents Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Epoxy Curing Agents market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Epoxy Curing Agents market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Epoxy Curing Agents market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Epoxy Curing Agents market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Epoxy Curing Agents business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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