Press release
At 6.7% CAGR, Global Epoxy Curing Agents Market Size to Surpass USD 6,851.1 million by 2028 - Industry Trends, Share, Growth, Analysis & Forecast Report by Facts & Factors
The value of the global epoxy curing agents market was approximately USD 4,642.80 million in 2021. It is anticipated that this value will increase to approximately USD 6,851.1 million by 2028, representing a compound annual growth rate (CAGR) of approximately 6.7% throughout the period of the forecast. The study examines the many factors that are driving and inhibiting the growth of the epoxy curing agents market, as well as the influence these factors will have on-demand over the course of the forecast period. In addition to that, new business prospects in the epoxy curing agents market are investigated in this analysis.๐๐๐๐ ๐๐๐ญ๐๐ข๐ฅ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ซ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง@https://www.fnfresearch.com/epoxy-curing-agents-market
Key players functioning in the global epoxy curing agents market include
Evonik Industries (Germany)
Hexion Inc. (US)
Huntsman Corporation (US)
Cardolite Corporation (US), and BASF S.E. (Germany), among others.
As a result of their high shear strength and higher quality finish properties, epoxy curing agents are utilized in a wide variety of applications within the building and construction industries. Over the course of the forecast period, the growth of the epoxy curing agents market will be primarily driven by the construction industry. Epoxy curing agents' market potential is anticipated to increase as a result of rising investments in the construction of infrastructure around the globe.
Epoxy curing agents have also found usage in wind energy plants as they are an essential component in the production of wind turbine blades due to the high strength and quality finish features that they possess. This is how epoxy curing agents made their way into use in wind energy plants. It is anticipated that rapid urbanization and industrialization would have a positive influence on the expansion of the global market for epoxy curing agents through the year 2028.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ@https://www.fnfresearch.com/sample/epoxy-curing-agents-market
Epoxy curing agents are a popular choice in a variety of industrial applications because of their improved bonding properties. As research and development efforts are increased in countries all over the world, it is anticipated that new products with improved qualities will be introduced. Companies that manufacture epoxy curing agents have the opportunity to enhance their revenue potential by developing environmentally friendly products in response to the growing worldwide trend toward sustainability.
On the other hand, the environmental risks that come hand in hand with the application of epoxy curing agents are anticipated to have a dampening effect on the market for epoxy curing agents around the world. Epoxy curing agents market growth is anticipated to be negatively impacted by increasingly stringent restrictions against the use of volatile solvents and harmful chemicals, as well as by greater awareness among the general population about these issues. This trend is anticipated to continue through 2028.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ฆ๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ@https://www.fnfresearch.com/inquiry/epoxy-curing-agents-market
Epoxy-curing agents had a decline in market growth in 2020 as a direct result of the COVID-19 pandemic, which was responsible for causing lockdowns and unfavorable economic conditions on a global scale. The installation of lockdowns had a negative impact on building activity, which in turn had a negative impact on the sales revenue of enterprises in the epoxy curing agents industry.
As lockdowns are removed and illnesses are brought under control, the world will return to normal, and it is anticipated that this will bring a consistent demand back for the market for epoxy curing agents in the era following the pandemic. Over the course of the period covered by this estimate, the market for epoxy curing agents will be driven in large part by the revival of construction projects and increased activity in the infrastructure sector.
๐๐๐๐ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง? ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ@https://www.fnfresearch.com/customization/epoxy-curing-agents-market
The market for epoxy curing agents is segmented on a global scale based on three factors: type, application, and geography. Coatings, Electrical & Electronics, Wind Energy, Construction, Adhesive, Composite, and Other Applications make up the many submarkets that make up the global market for adhesives and composites. It is anticipated that the wind energy sector would witness significant demand as a result of the growing number of wind power plants being constructed all over the world, which will cause this sector to dominate the market globally. Putting more emphasis on environmental friendliness would further boost the growth of this market sector.
Recent Developments:
In February 2019, Aditya Birla Corporation a multinational Indian organization announced its partnership with Lintech International, LLC to start the distribution of its products in the United States. This will be aimed at the distribution of resins, monomers, and epoxy-curing agents.
๐๐๐๐ ๐๐ฎ๐ฒ๐ง๐จ๐ฐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ซ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง@https://www.fnfresearch.com/buynow/su/epoxy-curing-agents-market
The global epoxy curing agents market is segmented as follows:
By Type
Amine-based Curing Agents
Anhydrides Curing Agents
Others
By Application
Coatings
Electrical & Electronics
Wind Energy
Construction
Adhesive
Composite
Others
By Region
North America
The U.S.
Canada
Mexico
Rest of North America
Europe
France
The UK
Spain
Germany
Italy
Nordic countries
Denmark
Finland
Iceland
Sweden
Norway
Benelux Reunion
Belgium
The Netherlands
Luxembourg
Rest of Europe
Asia Pacific
China
Japan
India
New Zealand
Australia
South Korea
Southeast Asia
Indonesia
Thailand
Malaysia
Singapore
Rest of Southeast Asia
Rest of Asia Pacific
The Middle East & Africa
Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Facts & Factors
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Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client's/customer's conviction in our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.
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