Epoxy Curing Agents Market

Epoxy Curing Agents Market Size-(2023-2028)

The Epoxy Curing Agents Market was worth $ 5.38 billion in 2022 and is predicted to reach $ 7.46 billion in 2028, with a CAGR of 8.25% over the foreseen period.

Epoxy-curing agents provide excellent bonding properties even after curing. It offers excellent mechanical resistance, electrical insulation, and high chemical resistance. Also, epoxy resins can offer various properties when combined and cured consisting of different curing agents. Epoxy curing agents tend to release certain harmful volatile organic compounds (VOCs), forcing manufacturers to focus on developing environmentally friendly curing agents ideal for "Prominence Level" coating applications. The industry is thus experiencing an increase in the call for water-based agents in the world.

Epoxies are resins that contain more than one epoxy group. Curing agents are chemicals that are mixed with resins to harden and harden them. Epoxy curing agents offer versatile properties like electrical insulation, mechanical strength, and chemical resistance. The epoxy curing agent is produced by reacting linear epoxy resin with suitable curing agents, hence this process is known as the curing or gelling process. A broad variety of epoxy resin curing agents are available depending on the process and properties required. Commonly employed curing agents are amines, polyamides, anhydrides, isocyanates, and the like. These epoxy-curing agents are broadly employed in various businesses like construction, electrical and electronics, and aerospace.

The growing call for epoxy resins by electrical laminate manufacturers is identified as a key factor driving industry expansion during the evaluation period. In addition, the stringent regulatory standards established for the use of lightweight materials in the automotive and aerospace businesses will continue to have a substantial impact on industry performance in the coming years. The worldwide industry for epoxy curing agents will see the increased use of bio-based curing agents in the near future and the development of an innovative range of low-temperature, low-cure time epoxy curing agents.

Recent Developments:

• Gabriel introduces the latest versacure epoxy curing agent for clear coatings and tabletop uses. The company declares the introduction of the latest epoxy curing agent that has an average cure speed with excellent durability for DIY applications.

• Bitrez Ltd, the leading European manufacturer and pioneer of polymers and specialty chemicals, launched the world's first ketamine-based epoxy curing agents to combat the removal of conventional grades banned in Europe by REACH regulations.

Drivers in the Epoxy Curing Agents Market

The global industry for epoxy curing agents is predicted to grow enormously with the increasing call from the coatings industry. Due to the corrosion resistance, higher mechanical strength, and superior bonding properties of epoxy curing agents, it is broadly employed in the coatings industry. Therefore, this increased use of epoxy curing agents is predicted to drive the expansion of the epoxy curing agent industry. The epoxy curing agent industry is primarily driven by the increasing call for epoxy curing agents arising from their application in adhesives and coatings. Also, the increasing call for adhesives in the construction industry is predicted to dominate the worldwide industry for epoxy curing agents during the considered period. Therefore, the construction industry will have a positive impact on the epoxy curing agent industry. For example, in the construction industry, tertiary and secondary amines, imidazoles, and polysulfide resins are broadly employed to produce adhesives or thermosetting adhesives, which provide superior strength and resistance to the environment in the construction industry.

Restraints in the Epoxy Curing Agents Market

Strict regulations from governing agencies restrict the manufacture of epoxy resin curing agents in European regions. With growing environmental concerns and regulatory policies, manufacturers are embracing green products in various applications. In addition, global epoxy curing agent manufacturers focus on the safety and prevention of health risks due to VOC emissions from chemicals.

Opportunities in the Epoxy Curing Agents Market

The growing call for printed circuit boards (PCBs) in the manufacturing of a broad range of electronic products, like mobile devices, smartphones, automotive electronics, machinery and other consumer electronics, is predicted to drive the industry of epoxy cure agents during the foreseen period.

Challenges In the Epoxy Curing Agents Market

Fluctuations in raw material prices are predicted to restrict the industry for epoxy curing agents during the outlook period.

EPOXY CURING AGENTS MARKET REPORT COVERAGE:

Epoxy Curing Agents Market Segmentation as per the research report until 2028.

Epoxy Curing Agents Market-By Type

• Amine-Based Curing Agents

• Anhydrides Curing Agents

• Others

The amine-based segment is predicted to grow at the highest CAGR in terms of value. Amine-based curing agents are more durable and resistant to chemicals than other curing agents, including their advanced properties like cure time, pot life, chemical and thermal resistance, and weather resistance.

Epoxy Curing Agents Market-By Application

• Coatings

• Electrical and Electronics

• Wind Energy

• Construction

• Adhesive

• Composite

• Others

The wind energy segment is predicted to grow at the highest CAGR, in value terms, during the foreseen period. Curing agents are preferred for epoxy resins for the manufacture of wind turbine blades due to their high compressive strength and low weight. The fatigue performance of epoxy curing agents improves the mechanical properties of the compound on the rotor blades, thus improving the performance of the wind turbine.

Epoxy Curing Agents Market-By Region

• North America 

• Europe 

• Asia Pacific 

• Latin America 

• Middle East & Africa 

The epoxy curing agent industry in the Asia Pacific region is predicted to grow at the highest CAGR during the foreseen period. These offer many opportunities for industry players who are ready to invest in these areas. The growing call for epoxy curing agents from the main applications are coatings, electrical and electronics, wind power, construction, adhesives, composites and others from countries like India China, Japan, and others are predicted to stimulate the expansion of epoxy. industry for healing agents in the region. Asia-Pacific is the largest industry for epoxy curing agents due to the increasing call for construction in the region, coupled with the increasing call for electronic devices by consumers and its increasing expansion in the region.

Asia Pacific is followed by North America, which is the second largest region in the epoxy curing agent industry. Industry expansion in this region is attributed to the expansion of infrastructure development in the region. Europe is another important industry after North America in the worldwide industry for epoxy curing agents. The electrical and electronic industry is the main driver of call for products in this region. Latin America, the Middle East, and Africa are predicted to experience moderate expansion in the epoxy curing agent industry during the foreseen period primarily due to applications of the epoxy curing agent in end-use businesses like construction and electronics businesses.

Epoxy Curing Agents Market Key Players:

The epoxy curing agents industry has a huge number of players and is segregated into Evonik Industries, DIC Corporation, Cardolite Corporation, BASF SE, Hexicon Inc., Incorez Ltd., Gabriel Performance Products, Brenteg Specialities Inc., Dow Chemical Company, Aditya Birla Chemicals, Momentive Speciality Chemicals, and Mitsubishi Chemicals, among others.