Global Epoxy Curing Agents Market, By Type (Amine-Based Curing Agents, Anhydride Curing Agents, Other Curing Agents), By Application (Construction, Electrical & Electronics, Wind Energy, Adhesives, Coatings, Composites, Other Applications), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA) Trend Analysis, Competitive Market Share & Forecast, 2017-2027
- Published Date: September 2021
- Report ID: BWC2175
- Available Format: PDF
- Page: 187
Report Overview
A number of factors contribute to the high growth rate of the epoxy curing agents market including increasing demand for epoxy curing agents in the building and construction industry for paint and coating applications and the launch of innovative products.
Global Epoxy Curing Agents Market- Industry Trends & Forecast Report 2027
The global epoxy curing agents market was worth USD 3.9 billion in 2020 and is further projected to reach USD 5.3 billion by the year 2027, growing at a CAGR of 4.7% in the forecast period. The increasing demand for epoxy curing agents in the building and construction industry for paint and coating purposes is significantly propelling the growth of the market. Growth of the epoxy curing agents market is also being driven by the burgeoning demand for its products in the medical industry for various products such as incubators and others.
Source: BlueWeave Consulting
Global Epoxy Curing Agents Market- Overview
Epoxy curing agents react with the epoxide groups to cure epoxy resins. Alternatively, they catalyze the self-polymerization of the epoxy group for curing epoxy resins.These curing agents are mainly used as coatings and as components in finished goods, such as adhesives or composites. Epoxy curing agents can cure at room temperature but also have excellent heat and chemical resistance properties. As a result, these materials are becoming more popular as structural and technical adhesives. Epoxy curing agents are commonly used in the manufacturing of vehicles, snowboards, and aircraft, among other things.
Global Epoxy Curing Agents Market Forecast and Trends
Growth Drivers
Expanding Demand for Epoxy Curing inthe Construction Industry
The growing use of epoxy curing agents in the building and construction industry is one of the major factors driving the growth of the global epoxy curing agents market. Epoxy curing is becoming more popular for coating applications during the construction of buildings and other facilities, as it provides the requisite hardness, strong adhesion, chemical and heat resistance, and other features needed to make the building sturdy.Epoxy curing agentsmarket is expected to flourish during the forecast period as construction activities for economic growth expand, especially in emerging economies.
Advancements in Epoxy Curing Coatings
Epoxy curing agents are finding new applications in various industries, and as a result, recent advancements are being made to fulfill the needs of their end-users.For instance, In 2020, a two-component epoxy polyamide coating was replaced with a single-component epoxy coating with epoxy-amine reactive functionality and good shelf life and corrosion resistance.The new generation single-pack epoxy coatings have the edge over their predecessors as they offer better color stability, enhanced productivity, and faster coat and recoat times. Such advancements are significantly propelling the demand for epoxy curing in the end-user industries.
Restraints
Potential Health Effects from Overexposure to Epoxy Curing Agents and Fluctuating Prices of Raw Materials and
Epoxy curing agents are harmful chemicals. Direct exposure to it for a prolonged period may cause serious health issues, significantly restricting market growth, especially when environmental concerns are increasingly taking center stage.When epoxy fumes are inhaled for a prolonged period, they can affect the nose, throat, and lungs, causing inflammation.The repeated and high amounts of exposure can also trigger sensitization and asthma.Besides posing considerable risks to health, these kinds of risks also affect the adoption of this product and, ultimately, the market growth.
Additionally, high fluctuation in the prices of raw materials for epoxies can be a stifling factor for the growth of the epoxy curing agents market.Manufacturers are unable to generate an adequate profit margin andmay also cease their operations until prices stabilize.
Impact of COVID-19 on Global Epoxy Curing Agents Market
The COVID-19 pandemic has had a negative impact on the global epoxy curing agents market. The operation of several industries, such as manufacturing and construction, was entirely suspended, resulting in a significant drop in demand for epoxy curing agents, resulting in only losses for the manufacturers.Additionally, lockdown protocols in several countries led to the suspension of production and distribution of epoxy curing agents, which caused severe losses to the market. However, the market is projected to recover quickly in the post-COVID-19 period as the economic activities resume.
Global Epoxy Curing Agents Market - By Type
Based on types, the global epoxy curing agents market is segmented into amine-based curing agents, anhydride curing agents, and other curing agents. The anime-based curing agents accounted for the largest market share in 2020. This segment is further classified into aliphatic amine curing agents, cycloaliphatic amine curing agents, polyamide curing agents, amidoamines curing agents, and other amines-based curing agents. Among these subtypes, the demand for aliphatic amine curing agents has the largest market share because of its wide application in the cartilage health and electronics industry.
Global Epoxy Curing Agents Market - By Application
Based on application, the global epoxy curing agents market is segmented into construction, electrical & electronics, wind energy, adhesives, coatings, composites, and other applications. Among these, the coatings hold the largest market share asepoxy curing proves to be extremely tough as a protective coating, ensuring excellent hardness.Epoxy curing agents are increasingly being used as coatings in the automotive industry since they are primarily designed for heavy-duty operations and offer effective heat resistance to vehicles, driving market expansion.
Global Epoxy Curing Agents Market - Regional Insights
Geographically, the global epoxy curing agents market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. The Asia-Pacific region dominates the market and is also projected to witness the highest CAGR during the forecast period. The substantial concentration of large-scale industrial activity in this region drives up demand for epoxy curing agents.Furthermore, the growing construction activities in Asia Pacific’s emerging economies are also driving the global epoxy curing agents market growth.
Source: BlueWeave Consulting
Competitive Landscape
The leading players in the global epoxy curing agents market are Epoxy Base Electronic Material Co. Ltd., Evonik Industries, Atul Limited, Air Products and Chemicals, Inc., Mitsubishi Chemical Corporation, Hexion Inc., Aditya Birla Chemicals (Thailand) Ltd., BASF SE, Kukdo Chemical Co., Ltd., Huntsman Corporation, Cardolite Corporation, Olin Corporation, Epochemie - Epoxy Curing Agents, Kumho P&B Chemicals Inc., Shandong Deyuan Epoxy Resin Co. Ltd, Toray Industries Inc., DuPont, ThreeBond Holdings Co., Saint-Gobain, and other prominent players.
The market is highly fragmented with the presence of various global and regional market players. The companies significantly focus on research and development activities as well as product launches to cater to the needs of various industries. Furthermore, the adoption of competitive strategies like mergers, acquisitions, partnerships, collaborations, etc., is also very prominent in this market.
Recent Developments
- In June 2021, Aditya Birla Group, an Indian corporate group company, announced its plans to increase its business capacity through brownfield expansion, which includes standard and specialty epoxy products and curing agents.
- In January 2021, Huntsman Corporation, a US-based chemical industry company, announced the acquisition of Gabriel Performance Products, a leading epoxy, and specialty chemical manufacturing company.
Scope of the Report
| Attributes | Details |
| Years Considered | Historical data – 2017-2020 |
| Base Year – 2020 | |
| Forecast – 2021 – 2027 | |
| Facts Covered | Revenue in USD Billion |
| Market Coverage | U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia |
| Product Service/Segmentation | By Type, By Application, By Region |
| Key Players | Epoxy Base Electronic Material Co. Ltd., Evonik Industries, Atul Limited, Air Products and Chemicals, Inc., Mitsubishi Chemical Corporation, Hexion Inc., Aditya Birla Chemicals (Thailand) Ltd., BASF SE, Kukdo Chemical Co., Ltd., Huntsman Corporation, Cardolite Corporation, Olin Corporation, Epochemie - Epoxy Curing Agents, Kumho P&B Chemicals Inc., Shandong Deyuan Epoxy Resin Co. Ltd, Toray Industries Inc., DuPont, ThreeBond Holdings Co., Saint-Gobain, and other prominent players. |
By Type
- Amine-Based Curing Agents
- Aliphatic Amine Curing Agents
- Cycloaliphatic Amine Curing Agents
- Polyamide Curing Agents
- Amidoamines Curing Agents
- Other Amines-Based Curing Agents
- Anhydride Curing Agents
- Other Curing Agents
By Application
- Construction
- Electrical & Electronics
- Wind Energy
- Adhesives
- Coatings
- Composites
- Other Applications
- Elastomers
- Additives
- Accelerators
By Region
- North America
- Europe
- The Asia-Pacific
- Latin America
- The Middle East & Africa
- Research Framework
- Research Objective
- Product Overview
- Key Market Segments
- Research Methodology
- Qualitative Research
- Methodology
- Regional Split of Primary & Secondary Research
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Breakdown of Primary Research Respondents, By Industry Participants
- Market Size Estimation
- Assumptions for the Study
- Market Breakdown & Data Triangulation
- Executive Summary
- Industry Insight and Growth Strategy
- Value Chain Analysis
- DROC Analysis
- Market Drivers
- Expanding Demand for Epoxy Curing in Construction Industry
- Advancements in Epoxy Curing Coatings
- Market Restraints
- Potential Health Effects from Overexposure to Epoxy Curing Agents
- Market Challenges
- Negative Influence of the COVID-19
- Market Opportunity
- Expanding Epoxy Curing Agents Application In Wind Energy Sector
- Significantly Growth Potential in Emerging Economies
- Market Drivers
- Recent Developments
- Porter’s Five Forces Analysis
- Bargaining Power of Buyers
- Bargaining Power of Suppliers
- Intensity of Rivalry
- Threat of New Entrants
- Threat of Substitutes
- Global Epoxy Curing Agents Market Overview
- Market Size & Forecast by Value, 2017-2027
- Market Size and Forecast, By Segment
- By Type
- Amine-Based Curing Agents
- Aliphatic Amine Curing Agents
- Cycloaliphatic Amine Curing Agents
- Polyamide Curing Agents
- Amidoamines Curing Agents
- Other Amines-Based Curing Agents
- Anhydride Curing Agents
- Other Curing Agents
- Amine-Based Curing Agents
- By Application
- Construction
- Electrical & Electronics
- Wind Energy
- Adhesives
- Coatings
- Composites
- Other Applications
- Elastomers
- Additives
- Accelerators
- By Region
- North America
- Europe
- The Asia-Pacific
- Latin America
- The Middle East & Africa
- By Type
- North America Epoxy Curing Agents Market Overview
- Market Size and Forecast
- By Value (USD Billion), 2020-2027
- Market Share and Forecast
- By Type
- By Application
- By Country
- U.S.
- Canada
- Market Size and Forecast
- Europe Epoxy Curing Agents Market Overview
- Market Size and Forecast
- By Value (USD Billion), 2020-2027
- Market Share and Forecast
- By Type
- By Application
- By Country
- Germany
- U.K.
- Russia
- France
- Italy
- Spain
- Rest of Europe
- Market Size and Forecast
- APAC Epoxy Curing Agents Market Overview
- Market Size and Forecast
- By Value (USD Billion), 2020-2027
- Market Share and Forecast
- By Type
- By Application
- By Country
- China
- India
- Japan
- South Korea
- Rest of APAC
- Market Size and Forecast
- LATAM Epoxy Curing Agents Market Overview
- Market Size and Forecast
- By Value (USD Billion), 2020-2027
- Market Share and Forecast
- By Type
- By Application
- By Country
- Mexico
- Brazil
- Rest of LATAM
- Market Size and Forecast
- MEA Epoxy Curing Agents Market Overview
- Market Size and Forecast
- By Value (USD Billion), 2020-2027
- Market Share and Forecast
- By Type
- By Application
- By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
- Market Size and Forecast
- Competitive Landscape
- List of Key Players and Their Offerings
- Market Share Analysis (2020)
- Competitive Benchmarking By Operating Parameters
- Impact of COVID-19 on Global Epoxy Curing Agents Market
- Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
- Epoxy Base Electronic Material Co. Ltd.
- Evonik Industries
- Atul Limited
- Air Products and Chemicals, Inc.
- Mitsubishi Chemical Corporation
- Hexion Inc.
- Aditya Birla Chemicals (Thailand) Ltd.
- BASF SE
- Kukdo Chemical Co., Ltd.
- Huntsman Corporation
- Cardolite Corporation
- Olin Corporation
- Epochemie - Epoxy Curing Agents
- Kumho P&B Chemicals Inc.
- Shandong Deyuan Epoxy Resin Co. Ltd
- Toray Industries Inc.
- DuPont
- ThreeBond Holdings Co.
- Saint-Gobain
- Other Prominent Players
- Key Strategic Recommendations
List of Figures
Figure 1: Global Epoxy Curing Agents Market Segmentation
Figure 2: Global Epoxy Curing Agents Market Value Chain Analysis,
Figure 3: Company Market Share Analysis, 2020
Figure 4: Global Epoxy Curing Agents Market Size, By Value (USD Billion), 2017-2027
Figure 5: Global Epoxy Curing Agents Market Share (%), By Type, By Value, 2017-2027
Figure 6: Global Epoxy Curing Agents Market Share (%), By Application, By Value, 2017-2027
Figure 7: Global Epoxy Curing Agents Market Share (%), By Region, By Value, 2017-2027
Figure 8: North America Epoxy Curing Agents Market Size, By Value (USD Billion), 2017-2027
Figure 9: North America Epoxy Curing Agents Market Share (%), By Type, By Value, 2017-2027
Figure 10: North America Epoxy Curing Agents Market Share (%), By Application, By Value, 2017-2027
Figure 11: North America Epoxy Curing Agents Market Share (%), By Country, By Value, 2017-2027
Figure 12: Europe Epoxy Curing Agents Market Size, By Value (USD Billion), 2017-2027
Figure 13: Europe Epoxy Curing Agents Market Share (%), By Type, By Value, 2017-2027
Figure 14: Europe Epoxy Curing Agents Market Share (%), By Application, By Value, 2017-2027
Figure 15: Europe Epoxy Curing Agents Market Share (%), By Country, By Value, 2017-2027
Figure 16: the Asia-Pacific Epoxy Curing Agents Market Size, By Value (USD Billion), 2017-2027
Figure 17: the Asia-Pacific Epoxy Curing Agents Market Share (%), By Type, By Value, 2017-2027
Figure 18: the Asia-Pacific Epoxy Curing Agents Market Share (%), By Application, By Value, 2017-2027
Figure 19: Asia-Pacific Epoxy Curing Agents Market Share (%), By Country, By Value, 2017-2027
Figure 20: Latin America Epoxy Curing Agents Market Size, By Value (USD Billion), 2017-2027
Figure 21: Latin America Epoxy Curing Agents Market Share (%), By Type, By Value, 2017-2027
Figure 22: Latin America Epoxy Curing Agents Market Share (%), By Application, By Value, 2017-2027
Figure 23: Latin America Epoxy Curing Agents Market Share (%), By Country, By Value, 2017-2027
Figure 24: Middle East & Africa Epoxy Curing Agents Market Size, By Value (USD Billion), 2017-2027
Figure 25: Middle East & Africa Epoxy Curing Agents Market Share (%), By Type, By Value, 2017-2027
Figure 26: Middle East & Africa Epoxy Curing Agents Market Share (%), By Application, By Value, 2017-2027
Figure 27: Middle East & Africa Epoxy Curing Agents Market Share (%), By Region, By Value, 2017-2027
List of Tables
Table 1: Global Epoxy Curing Agents Market Size, By Type, By Value, 2017-2027
Table 2: Global Epoxy Curing Agents Market Size, By Application, By Value (USD Billion), 2017-2027
Table 3: Global Epoxy Curing Agents Market Size, By Region, By Value (USD Billion), 2017-2027
Table 4: North America Epoxy Curing Agents Market Size, By Type, By Value (USD Billion), 2017-2027
Table 5: North America Epoxy Curing Agents Market Size, By Application, By Value (USD Billion), 2017-2027
Table 6: North America Epoxy Curing Agents Market Size, By Country, By Value (USD Billion), 2017-2027
Table 7: Europe Epoxy Curing Agents Market Size, By Type, By Value (USD Billion), 2017-2027
Table 8: Europe Epoxy Curing Agents Market Size, By Application, By Value (USD Billion), 2017-2027
Table 9: Europe Epoxy Curing Agents Market Size, By Country, By Value (USD Billion), 2017-2027
Table 10: the Asia-Pacific Epoxy Curing Agents Market Size, By Type, By Value (USD Billion), 2017-2027
Table 11: the Asia-Pacific Epoxy Curing Agents Market Size, By Application, By Value (USD Billion), 2017-2027
Table 12: the Asia-Pacific Epoxy Curing Agents Market Size, By Country, By Value (USD Billion), 2017-2027
Table 13: Latin America Epoxy Curing Agents Market Size, By Type, By Value (USD Billion), 2017-2027
Table 14: Latin America Epoxy Curing Agents Market Size, By Application, By Value (USD Billion), 2017-2027
Table 15: Latin America Epoxy Curing Agents Market Size, By Country, By Value (USD Billion), 2017-2027
Table 16: The Middle-East & Africa Epoxy Curing Agents Market Size, By Type, By Value (USD Billion), 2017-2027
Table 17: The Middle-East & Africa Epoxy Curing Agents Market Size, By Application, By Value (USD Billion), 2017-2027
Table 18: The Middle-East & Africa Epoxy Curing Agents Market Size, By Country, By Value (USD Billion), 2017-2027
Table 19: Epoxy Base Electronic Material Co. Ltd. Financial Analysis
Table 20: Epoxy Base Electronic Material Co. Ltd. Business Overview
Table 21: Evonik Industries Financial Analysis
Table 22: Evonik IndustriesBusiness Overview
Table 23: Atul Limited Corporation Financial Analysis
Table 24: Atul Limited Corporation Business Overview
Table 25: Air Products and Chemicals, Inc.Financial Analysis
Table 26: Air Products and Chemicals, Inc.Business Overview
Table 27: Mitsubishi Chemical CorporationFinancial Analysis
Table 28: Mitsubishi Chemical CorporationBusiness Overview
Table 29: Hexion Inc. Financial Analysis
Table 30: Hexion Inc. Business Overview
Table 31: Aditya Birla Chemicals (Thailand) Ltd. Financial Analysis
Table 32: Aditya Birla Chemicals (Thailand) Ltd. Business Overview
Table 33: BASF SE Financial Analysis
Table 34: BASF SE Business Overview
Table 35: Kukdo Chemical Co., Ltd.Financial Analysis
Table 36: Kukdo Chemical Co., Ltd.Business Overview
Table 37: Huntsman Corporation Financial Analysis
Table 38: Huntsman Corporation Business Overview
Table 39: Cardolite CorporationFinancial Analysis
Table 40: Cardolite Corporation Financial Analysis
Table 41: Olin CorporationFinancial Analysis
Table 42: Olin Corporation Financial Analysis
Table 43: Epochemie - Epoxy Curing AgentsFinancial Analysis
Table 44: Epochemie - Epoxy Curing Agents Financial Analysis
Table 45: Kumho P&B Chemicals Inc.Financial Analysis
Table 46: Kumho P&B Chemicals Inc. Financial Analysis
Table 47: Shandong Deyuan Epoxy Resin Co. LtdFinancial Analysis
Table 48: Shandong Deyuan Epoxy Resin Co. Ltd Financial Analysis
Table 49: Toray Industries Inc.Financial Analysis
Table 50: Toray Industries Inc. Financial Analysis
Table 51: DuPontFinancial Analysis
Table 52: DuPont Financial Analysis
Table 53: ThreeBond Holdings Co.Financial Analysis
Table 54: ThreeBond Holdings Co. Financial Analysis
Table 55: Saint-GobainFinancial Analysis
Table 56: Saint-Gobain Financial Analysis
Market Segmentation
By Type
- Amine-Based Curing Agents
Aliphatic Amine Curing Agents
Cycloaliphatic Amine Curing Agents
Polyamide Curing Agents
Amidoamines Curing Agents
Other Amines-Based Curing Agents
- Anhydride Curing Agents
- Other Curing Agents
By Application
- Construction
- Electrical & Electronics
- Wind Energy
- Adhesives
- Coatings
- Composites
- Other Applications
Elastomers
Additives
Accelerators
By Region
- North America
- Europe
- The Asia-Pacific
- Latin America
- The Middle East & Africa
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