Press release
Survey Results Suggest Strong Future for Epoxy Curing Agents Market || Key Players: DIC Corporation, Mitsubishi Chemical Corporation, Showa Denko KK, Toray Fine Chemicals Co. Ltd, and Aditya Birla Corporation.
Amine has become one of the most common curing agents as the excellent crosslink density enhances physical properties. Aromatic amine has been improved to achieve formidable heat resistance and chemical resistance as compared to aliphatic amine. Nevertheless, aromatic amine has often led to the amelioration of the low shrinkage, stiffness and temperature capability. Meanwhile, polyamide resin has been pervasive as a curing agent for epoxy resin. Given polyamide possess high hydrocarbon moiety in its molecules, it cures epoxy resin into a highly plasticized rigid thermosetting. Prominently, rising demand for polyamide could be attributed to its compression, high tensile, potency, stiffness and scintillating shock resistance. According to the study, growing demand for amines and polyamines in industrial applications substantiates close to 50 percent revenue share in the epoxy curing agents market.
China to Spearhead the Market Growth with a Hefty Revenue Share
The incremental growth prospects of the epoxy curing agents market are predominantly attributing to exponentially increasing consumption of epoxy curing agents in the paints, coatings, and ink industry in developing countries. The Fact.MR report finds that China accounts for nearly 45% revenue share in the epoxy curing agents market with maximum consumption in rapidly-growing end-user industries in the country.
Some of the important insights featured in the Fact.MR report include,
Epoxy cured resins find numerous applications as protective coatings for aerospace components, automotive bodies, floorings, wind rotor blades, and other parts that need to be resistive to moisture and corrosion. This one of the leading factors to boost growth of the epoxy curing agents market.
Superior color stability, high viscosity, and excellent adhesion property are among the key characteristics of epoxy curing agents that are boosting its applications in the paints & coatings industry.
Apart from the paints & coatings industry, automotive, construction, and aerospace, industries play a pivotal role in growth of the epoxy curing agents market.
Industry-wide lightweighting trend is likely to bolster innovations in the epoxy curing agents market, as epoxy curing agents are replacing metals and other heavy raw materials in various industrial applications.
Amines and polyamines are the most sought-after epoxy curing agents, however the imposition of strict environmental rules are likely to make amides and polyamides the fastest growing type of epoxy curing agents, thereby, changing the future of the epoxy curing agents market.
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Growing Demand for Lightweight Materials will Increase Applications of Epoxy Curing Agents across Industries
Stringent regulatory norms and quality standards are bolstering the use of lightweight materials in various industrial sectors, including aerospace as well as automotive industries. In addition, epoxy curing agents have been witnessing burgeoning demand the manufacturing of printed circuit boards (PCBs) that are vastly used in an exhaustive range of electronic products, such as mobile devices, smartphones, automotive electronics, machinery, and other consumer electronics. Thereby, growing demand for epoxy curing agents as a lightweight raw materials in various industrial applications will continue to hold a significant impact on developments in the epoxy curing agents market in upcoming years.
Notable Developments in the Epoxy Curing Agents Market:
In April 2018, Hexion Inc., a U.S.-based chemical company – launched EPI-REZ™ Resin 7720-W-50 – its new high-performance, epoxy dispersion resin. The company announced that, when it is combined with its EPIKURE™ epoxy curing agent 6870-W-53, the performance characteristics of the new EPI-REZ™ Resin, such as excellent corrosion resistance, superior adhesion to metal or concrete, and ease of formulation, which can fairly similar to those of solvent-borne systems at >50 grams/liter of volatile organic compounds (VOCs).
In February 2019, Aditya Birla Corporation, an Indian multinational conglomerate in the epoxy curing agents market, announced that it has partnered with Lintech International, LLC, a leading specialty chemical distributor of resins, monomers, and epoxy curing agents, for distribution of its products, including the EPOTEC® & CeTePox® epoxy resins, epoxy curing agents, and diluents, in the U.S.
Other key companies in the epoxy curing agents market include Olin Corporation, Evonik Industries AG, Hexion Inc., Gabriel Performance Products, BASF SE, Cargill Incorporated, DIC Corporation, Mitsubishi Chemical Corporation, Showa Denko KK, Toray Fine Chemicals Co. Ltd, and Aditya Birla Corporation.
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