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Curing Agents Market Segmentation By 2019 - 2026 With Players Evonik Industries, BASF, Hexion, Huntsman International LLC, Cardolite Corporation, Arnette Polymers, Atul Ltd, Campbell’s Plastics Limited, Epoxy Base, Epochemie- Epoxy Curing Agents
Curing Agents Market
Global Curing Agents Market is expected to rise from its initial estimated value of USD 4.2 billion in 2018 to an estimated value of USD 7.19 billion by 2026, registering a CAGR of 6.96% in the forecast period of 2019-2026. Increasing demand of the epoxy resins is the major factor for the growth of this market.
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To harden a surface or material a curing agent is used. They are applied on the polymer surfaces so that they can ease the bonding of the molecular components as stronger the bond, the harder will be the surface of the material. There main characteristic is to increase the hardness or viscosity. They are mainly of three types- active- hydrogen containing compound, anionic and cationic initiators, and reactive cross- linkers.
Key Market Competitors: Global Curing Agents Market
Few of the major competitors currently working in curing agents market are Evonik Industries, Hexion, Huntsman International LLC, Cardolite Corporation, BASF SE, Arnette Polymers, LLC., Atul Ltd, Campbell’s Plastics Limited, Epochemie- Epoxy Curing Agents, Epoxy Base Electronics Corporation Limited, Gabriel. Kukdo Chemical Co., Ltd, Kumiai Chemical Industry Co., Ltd., LEUNA- Harze GmbH, Mitsubishi Chemical Corporation, Nan Ya Plastics Corporation, Olin Corporation, Shangdong Deyuan Epoxy Resin Co, Ltd., Trans Oceanic Chemicals Pvt Ltd.
Market Drivers:
· They have low toxicity, low volatile and are heat resistant
· Curing agents are used in the food preservation and flavouring process to draw moisture out of the food by the process of osmosis.
Market Restraints:
· The people with heart disease and hyper tension cannot eat cured food items because of the high salt content.
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Global curing agents market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of curing agents market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Developments in the Market:
· In January 2019, Cardolite launched their new curing agent LITE 5262. To provide excellent anticorrosion properties to metals substrates they have low viscosity and high solids phenalkamine. They are suitable for variety of coating in marine, protective and industrial applications.
· In September 2018, Bitrez launched world’s first Ketamine epoxy curing agents which have low viscosity and long pot- life which will offer good working time and fast thin film cure rate.
Segmentation: Global Curing Agents Market
· By Type
o Epoxy
o Polyurethane
o Silicone Rubber
· By Applications
o Coatings
o Electrical and Electronics
o Composites
o Adhesives
o Construction
o Wind Energy
· By Geography
o North America
o Europe
o Asia-Pacific
o Middle East and Africa
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