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.
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