Epoxy Curing Market – Challenges, Key Vendors, Drivers and Trends by Forecast to 2023
Global Epoxy Curing Agent Market Information-by Type (Amines, Polyamide, Imidazoles, Polymercaptan, Anhydrides, Polymercaptan, and Others), by Application (Adhesive, Coatings, Composites, Electronics, and Others) and by Region – Forecast till 2023
Pune, India – September 29, 2017 /MarketersMedia/ —
Synopsis of Epoxy Curing Agent Market
The Global Epoxy Curing Agent Market is expected to witness a significant growth of USD ~ 5099.32 million by 2023 with CAGR of ~6.8% between 2016 and 2023.
The process of the linear epoxy resin with appropriate curatives to form three-dimensional cross-linked thermoset structures is known as epoxy curing. Curing of epoxy resins is an exothermic reaction and in some cases produces sufficient heat to cause thermal degradation if not controlled. After curing, epoxy resin has excellent properties on mechanical strength, chemical resistance, and electrical insulation.
Furthermore, epoxy curing agent has found in various applications such as adhesive, coatings, composites, electronics, and others. Increase in demand for high performance resin materials of epoxy resin in the various applications such as paint & coatings, composites, and electrical & electronics applications predicted to drive the epoxy curing agent market growth. In addition, the growing opportunities on account of developing domestic as well as commercial market specially in Asia-Pacific and North America has increased the global epoxy curing agent market over the forecasted period. However, environmental regulation in Europe region may be hamper the growth of the epoxy curing agent market.
Key Players
• Evonik Industries AG (Europe),
• BASF SE (Europe),
• Huntsman International LLC (US),
• Cardolite Corporation (US),
• Kukdo Chemical Co., Ltd. (South Korea),
• Aditya Birla Chemicals (India),
• Mitsubishi Chemical Corporation (Japan),
• Momentive Specialty Chemicals Inc. (US),
• The Dow Chemical Company (US),
• Air Products and Chemicals, Inc. (US),
• Others.
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Commenting on this report, an analyst from Market Research Future (MRFR)’s team said, “Global Epoxy Curing Agent Market size is expected to grow at USD ~ 5099.32 million by 2023. The market witnessed a significant growth over the forecasted period owing to growing applications such as into into adhesive, coatings, composites, electronics, and others (Wind Energy, additives, etc.) across various industries.
Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Epoxy Curing Agent Market Research Report- Forecast to 2023”
North America is the strong region which holds second position in global epoxy curing agent market, including countries such as U.S., Mexico and Canada. Growth in this region is credited to the increasing consumption of end user industries such as marine and automotive industry particularly, in U.S. and Canada. Companies are investing in R&D to renovate new products for varied range of applications. In addition, an investment of US$ 1.6 billion through Dow chemical in R&D was used to improve the epoxy technology and offer a huge range of high quality of epoxy curing agent products
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The global epoxy curing agents market is observing high growth with increasing demand from the APAC region, particularly from China and India due to the healthy demand for durable, high performance, and the cost-effective nature of epoxy curing agents. These properties are driving growth in the use of epoxy curing agents in various application industries, such as coatings, adhesives, electronics, and composites.
Segment Analysis
The global epoxy curing agent market has been segmented into type and applications. On the basis of type, the market has been divided amines, polyamide, imidazoles, polymercaptan, anhydrides, polymercaptan, and others (thiols, Dicyandiamide, Photo- and ultraviolet-curing agents, etc.). Among all these types, amine based epoxy curing agents has cover the largest share in global epoxy curing agent market. The main features of amine based epoxy curing agents include chemical resistance, thermal resistant, and weather-ability. The major applications of amine based curing agents include adhesives, and electrical and electronics, composites, coatings, and others.
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