Press release
Epoxy Curing Agents Market Size by Key Players: BASF, Hexicon Inc., Evonik Industries, Incorez Ltd., Momentive specialty chemicals, Huntsman Corporation and DOW Chemical Company
Global Market Insights, Inc.
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Market can be further segmented as phenols and thiols. Growing specified demand from various industries such as aerospace, automotive and oil fields is anticipated to drive the industry growth of this product segment. Increasing use as a corrosion inhibitors in refineries will drive the epoxy curing agents market size.
Coating segment is projected to be the dominant segment among the epoxy curing agents market with a share of over 30%. Good adhesion property, excellent color stability and high viscosity are the key properties for industry growth.
Wind energy, electrical and electronic segment is among the fastest growing segment. Growing product penetration in renewable energy is among the major factor for rising industry demand.
The selection factor influencing the type of amine is dependent upon cost, processing requirement and end use applications. Expanding processing industry will act as another major factor for the epoxy curing agents market growth.
Rising paint and coating industry is another major driver for epoxy curing agents market growth, these are utilized to obtain hardness in paints, by reaction of base with the hardener. Depending upon the applications these are to be mixed with the polymer is decided to obtain optimum properties.
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Epoxy curing agents market is expected to lead by Asia Pacific, owing to rising industrialization in chemicals and electronics industry. In addition to this, growing construction sector in the region is among the major driving factor for the industry growth. Rising disposable income in the region coupled with favorable FDI policies are among the major factor for increasing product demand.
Rising industrial development in China is among the factor for industry growth in the region. Increasing production capacities of existing manufacturing plants and product innovation are the strategies for capturing the industry share. Growing income and increasing number of end use product manufacturers in the countries such as South Korea, Malaysia and Indonesia will further drive the regional epoxy curing agents market size.
Global epoxy curing agents market share is fragmented with numerous key player including BASF, Hexicon Inc., Evonik Industries, Incorez Ltd., Momentive specialty chemicals, Huntsman Corporation and DOW Chemical Company. Other prominent players include Gabriel Performance products, Mitsubishi Chemicals, Cardolite Corporation. Brenteg specialties Inc, Aditya Birla Chemicals and DIC corporation
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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