Global Epoxy Curing Agents Market - Industry Trends and Forecast to 2030

Epoxy Curing Agents Market Analysis and Size

The global epoxy curing agents market has seen substantial growth in recent years due to their diverse applications across industries and continuous innovations by market players. As a result, the market is poised for significant expansion in the foreseeable future, driven by these robust growth factors.

Data Bridge Market Research analyses that the global epoxy curing agents market which was USD 4.11 billion in 2022, is expected to reach USD 6.30 billion by 2030, and is expected to undergo a CAGR of 5.48% during the forecast period of 2023 to 2030. “Specialty Resins” dominates the type segment of the global epoxy curing agents market due to increasing demand for specialized epoxy resin formulations across various industries. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Epoxy Curing Agents Market Scope and Segmentation

Market Definition

Epoxy curing agents are additives employed alongside epoxy polymers to yield top-tier final products. They maintain superior bonding properties even post-curing. These agents deliver impressive chemical resistance, robust mechanical strength, and electrical insulation. The exothermic nature of epoxy resin curing can generate excessive heat if not controlled. Epoxy resin systems comprise an "A" and "B" component, with the curing agent responsible for reacting with epoxy groups within the resin.

Global Epoxy Curing Agents Market Dynamics

Drivers

• Diverse Industrial Applications

Epoxy curing agents serve as vital components across various industries like construction, automotive, aerospace, and electronics. Their ability to impart exceptional bonding and mechanical properties to epoxy resins has propelled market growth. Industries rely on these agents to enhance product quality and durability, fueling their widespread adoption.

• Technological Advancements

The continuous research and development efforts within the epoxy curing agent sector drive market expansion. These efforts lead to the creation of more advanced agents with improved performance characteristics and greater sustainability. Technological innovation keeps the industry dynamic and competitive, meeting evolving industry requirements effectively.

Opportunities

• Growing Economies and Increasing Construction Activities

Robust economic growth in emerging markets presents a substantial opportunity for market expansion. Increasing construction activities and infrastructure development in these regions demand epoxy curing agents, creating avenues for market penetration and growth.

• Rising Demand for Eco-Friendly Epoxy Curing Agents

The global emphasis on environmental sustainability and reduced carbon footprint fosters the development of eco-friendly epoxy curing agents. The demand for green, sustainable solutions aligns with market trends, offering opportunities for manufacturers to meet eco-conscious consumer preferences and regulatory requirements effectively.

Restraints/Challenges

• Raw Material Price Volatility

The epoxy curing agent market is susceptible to fluctuations in raw material prices, particularly epoxy resins and curing agents themselves. These price swings can significantly impact profit margins and business stability, compelling companies to navigate pricing uncertainties effectively to sustain growth and profitability.

• Heat Management

Epoxy resin curing involves an exothermic reaction that generates heat. Precise temperature control is critical to prevent excessive heat buildup, which can lead to thermal degradation and affect product quality. Managing this exothermic reaction poses a challenge for manufacturers to ensure consistent and high-quality curing processes.

This global epoxy curing agents market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global epoxy curing agents market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In August 2023, Toppan, Mitsui Chemicals Tohcello, and Mitsui Chemicals are starting pilot tests to horizontally recycle printed BOPP film into new flexible packaging. This collaborative effort seeks to establish recycling technologies and infrastructure
• In March 2023, Innovia Films, a leading producer of specialty BOPP and CPP films, is expanding its Leipzig, Germany unit with an 8.8-meter-wide co-extrusion line to meet sustainability-driven demand for thin gauge label films. This unique technology, boasting 36,000 tons of annual capacity, prioritizes energy efficiency and begins production in H2 2024

Global Epoxy Curing Agents Market Scope

The global epoxy curing agents market is segmented on the basis of type, product, application and industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Diluents
• Accelerators
• Adhesion Promoters
• Specialty Resins
• Additives
• Others

Product

• CycloAliphatic Amines
• Aliphatic Amines
• Polysulfide
• Water Borne Curing Agents
• Low Emission Curing Agents
• Polyamides
• AmidoAmines
• Phenolics
• Mercaptans
• Phenalkamide
• Polyamido-Amines
• Phenalkamine
• Low Temperature Curing Agents
• Metaphenylene Diamine
• Methylene Dianiline
• Anhydrides
• Latent Curing Agents
• Others

Application

• Coatings and Inks
• Adhesives and Sealants
• Composites

Industry

• Automotive
• Aerospace
• Building and Construction
• Electrical
• Electronics
• Industrial
• Marine
• Oil and Gas
• Paints and Coatings
• Others

Global Epoxy Curing Agents Market Regional Analysis/Insights

The global epoxy curing agents market is analysed and market size insights and trends are provided by country, type, product, application and industry as referenced above.

The countries covered in the global epoxy curing agents market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America

Asia Pacific dominates the global epoxy curing agents market due to its robust industrial growth, infrastructure development, and increased demand for epoxy-based products.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Epoxy Curing Agents Market Share Analysis

The global epoxy curing agents market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global epoxy curing agents market.

Some of the major players operating in the global epoxy curing agents market are:

• Hexion Inc. (U.S.)
• Olin Corporation (U.S.)
• Huntsman Corporation (U.S.)
• BASF SE (Germany)
• Cardolite Corporation (U.S.)
• Aditya Birla Chemicals (India)
• Kukdo Chemical Co., Ltd. (South Korea)
• Mitsubishi Chemical Corporation (Japan)
• Evonik Industries AG (Germany)
• Atul Ltd. (India)
• Cargill, Incorporated (U.S.)
• Air Products and Chemicals, Inc. (U.S.)
• DIC Corporation (Japan)
• Momentive Performance Materials Inc. (U.S.)

SKU-13138