The Epoxy Curing Agents Market is estimated to grow from USD 3.60 billion in 2017 to
USD 5.02 billion by 2022, at a CAGR of 6.84% between 2017 and 2022.
Increasing demand in emerging countries
in Asia-Pacific, high growth in end-use industries, and the shift in consumer
preference toward high-quality standard products are expected to propel the
growth of the epoxy curing agents market.
The report covers the epoxy
curing agents market segmented on the basis of type, application, and region. The
growing usage of epoxy resins in end-use industries, improved quality of
products, and increased demand for durable products key factors expected to
drive the market in the coming years. The growing demand from Asia-Pacific and MEA
is driving companies to invest in these regions to increase their market share
and geographical presence.
Based on application, the coatings
segment is projected to lead the epoxy curing agents market, while the wind
energy segment is projected to witness highest growth during the forecast
period.
Based on type, the amine-based curing
agent segment is expected to lead the epoxy curing agents market during the
forecast period. Amine-based curing agents are preferred over other types, as
these agents are more durable and chemical resistant. The major applications of
amine-based curing agents include coatings, adhesives, composites, electrical
& electronics, and construction, among others.
Asia-Pacific is estimated to be
the largest market for epoxy curing agents, due to increased technological and infrastructural
developments and consumer awareness in the region. Research institutions and
various manufacturers are taking initiatives and making investments in R&D
for the technological development of epoxy curing agents in terms of cost and
durability, and to improve the properties of the epoxy curing agents for
end-use applications.
Key market players are expected
to adopt growth strategies such as investments & expansions, new product
developments, mergers & acquisitions, and partnerships, agreements &
joint ventures to achieve growth in the epoxy curing agents market in near
future. There is a rising demand for epoxy curing agents in applications,
including coatings, wind energy, composites, and adhesives, among other applications.
Reference:
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