Water-Based Curing Agent Market Poised for Significant Growth by 2031: QY Research Inc. Unveils Latest Report

California, USA - QY Research Inc., a leading global market research publisher, announces the release of its latest report titled "Water-Based Curing Agent - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031." The report provides a comprehensive analysis of the global Water-Based Curing Agent market, highlighting industry trends, market dynamics, key players, and future growth projections.

The global market for Water-Based Curing Agent was estimated to be worth US$ 911 million in 2024 and is forecast to a readjusted size of US$ 1364 million by 2031 with a CAGR of 5.7% during the forecast period 2025-2031.

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The water-based curing agent market has experienced significant growth over the past few years and is expected to continue evolving as industries push for more environmentally friendly and sustainable solutions. As environmental regulations become stricter and consumer demand shifts toward safer, low-VOC (volatile organic compound) alternatives, water-based curing agents are gaining popularity, particularly in the coatings, adhesives, and sealants sectors.

Key Market Drivers

✔ Stringent Environmental Regulations: The global push for sustainable and eco-friendly solutions is accelerating the adoption of Water-Based Curing Agents, which have significantly lower VOC emissions than traditional solvent-based alternatives.

✔ Increasing Demand for High-Performance Materials: Industries such as automotive, aerospace, and electronics require high-strength, durable, and chemical-resistant materials. Water-Based Curing Agents enhance these properties, making them a preferred choice across these sectors.

✔ Growth of Emerging Industries: The expansion of new energy, biotechnology, and 5G technology is fueling demand for Water-Based Curing Agents, particularly in applications like semiconductor packaging and solar cell production.

Market Challenges

❌ Technological Limitations: Some Water-Based Curing Agents have slower curing speeds and are more sensitive to environmental factors like temperature and humidity, impacting performance.

❌ High Production and Application Costs: The complex manufacturing process, rising raw material costs, and specialized application techniques contribute to higher expenses, limiting adoption by small and medium-sized enterprises.

❌ Intense Market Competition: The market is dominated by a few major players, making it challenging for smaller companies to expand their market share without significant investments in innovation and branding.

Leading Market Players

According to QY Research's Top Players Research Center, the top five global manufacturers of Water-Based Curing Agents hold approximately 51.0% of the market share as of 2024.

Key industry players include:

Evonik
Huntsman
Olin Corporation
Westlake
Kukdo Chemical
Aditya Birla Group
Hengsite
Incorez
Rich Chemical
Mitsubishi Chemical

Market Segmentation

By Type:

Less than 40%
40%-60%
Above 60%

By Application:

Coating
Adhesive
Flooring
Marine
Others

Future Outlook

The Water-Based Curing Agent market is set to experience steady growth, with increasing investments in R&D, technological advancements, and sustainability initiatives. Industry players focusing on product innovation, cost reduction strategies, and global expansion are expected to maintain a competitive edge.

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Table of Contents

1 Market Overview
1.1 Water-Based Curing Agent Product Introduction
1.2 Global Water-Based Curing Agent Market Size Forecast
1.2.1 Global Water-Based Curing Agent Sales Value (2020-2031)
1.2.2 Global Water-Based Curing Agent Sales Volume (2020-2031)
1.2.3 Global Water-Based Curing Agent Sales Price (2020-2031)
1.3 Water-Based Curing Agent Market Trends & Drivers
1.3.1 Water-Based Curing Agent Industry Trends
1.3.2 Water-Based Curing Agent Market Drivers & Opportunity
1.3.3 Water-Based Curing Agent Market Challenges
1.3.4 Water-Based Curing Agent Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered

2 Competitive Analysis by Company
2.1 Global Water-Based Curing Agent Players Revenue Ranking (2024)
2.2 Global Water-Based Curing Agent Revenue by Company (2020-2025)
2.3 Global Water-Based Curing Agent Players Sales Volume Ranking (2024)
2.4 Global Water-Based Curing Agent Sales Volume by Company Players (2020-2025)
2.5 Global Water-Based Curing Agent Average Price by Company (2020-2025)
2.6 Key Manufacturers Water-Based Curing Agent Manufacturing Base and Headquarters
2.7 Key Manufacturers Water-Based Curing Agent Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Water-Based Curing Agent
2.9 Water-Based Curing Agent Market Competitive Analysis
2.9.1 Water-Based Curing Agent Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Water-Based Curing Agent Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Water-Based Curing Agent as of 2024)
2.10 Mergers & Acquisitions, Expansion

3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Less than 40%
3.1.2 40%-60%
3.1.3 Above 60%
3.2 Global Water-Based Curing Agent Sales Value by Type
3.2.1 Global Water-Based Curing Agent Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Water-Based Curing Agent Sales Value, by Type (2020-2031)
3.2.3 Global Water-Based Curing Agent Sales Value, by Type (%) (2020-2031)
3.3 Global Water-Based Curing Agent Sales Volume by Type
3.3.1 Global Water-Based Curing Agent Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Water-Based Curing Agent Sales Volume, by Type (2020-2031)
3.3.3 Global Water-Based Curing Agent Sales Volume, by Type (%) (2020-2031)
3.4 Global Water-Based Curing Agent Average Price by Type (2020-2031)

4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Coating
4.1.2 Adhesive
4.1.3 Flooring
4.1.4 Marine
4.1.5 Others
4.2 Global Water-Based Curing Agent Sales Value by Application
4.2.1 Global Water-Based Curing Agent Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Water-Based Curing Agent Sales Value, by Application (2020-2031)
4.2.3 Global Water-Based Curing Agent Sales Value, by Application (%) (2020-2031)
4.3 Global Water-Based Curing Agent Sales Volume by Application
4.3.1 Global Water-Based Curing Agent Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Water-Based Curing Agent Sales Volume, by Application (2020-2031)
4.3.3 Global Water-Based Curing Agent Sales Volume, by Application (%) (2020-2031)
4.4 Global Water-Based Curing Agent Average Price by Application (2020-2031)

5 Segmentation by Region
5.1 Global Water-Based Curing Agent Sales Value by Region
5.1.1 Global Water-Based Curing Agent Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Water-Based Curing Agent Sales Value by Region (2020-2025)
5.1.3 Global Water-Based Curing Agent Sales Value by Region (2026-2031)
5.1.4 Global Water-Based Curing Agent Sales Value by Region (%), (2020-2031)
5.2 Global Water-Based Curing Agent Sales Volume by Region
5.2.1 Global Water-Based Curing Agent Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Water-Based Curing Agent Sales Volume by Region (2020-2025)
5.2.3 Global Water-Based Curing Agent Sales Volume by Region (2026-2031)
5.2.4 Global Water-Based Curing Agent Sales Volume by Region (%), (2020-2031)
5.3 Global Water-Based Curing Agent Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Water-Based Curing Agent Sales Value, 2020-2031
5.4.2 North America Water-Based Curing Agent Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Water-Based Curing Agent Sales Value, 2020-2031
5.5.2 Europe Water-Based Curing Agent Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Water-Based Curing Agent Sales Value, 2020-2031
5.6.2 Asia Pacific Water-Based Curing Agent Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Water-Based Curing Agent Sales Value, 2020-2031
5.7.2 South America Water-Based Curing Agent Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Water-Based Curing Agent Sales Value, 2020-2031
5.8.2 Middle East & Africa Water-Based Curing Agent Sales Value by Country (%), 2024 VS 2031

6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Water-Based Curing Agent Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Water-Based Curing Agent Sales Value and Sales Volume
6.2.1 Key Countries/Regions Water-Based Curing Agent Sales Value, 2020-2031
6.2.2 Key Countries/Regions Water-Based Curing Agent Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Water-Based Curing Agent Sales Value, 2020-2031
6.3.2 United States Water-Based Curing Agent Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Water-Based Curing Agent Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Water-Based Curing Agent Sales Value, 2020-2031
6.4.2 Europe Water-Based Curing Agent Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Water-Based Curing Agent Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Water-Based Curing Agent Sales Value, 2020-2031
6.5.2 China Water-Based Curing Agent Sales Value by Type (%), 2024 VS 2031
6.5.3 China Water-Based Curing Agent Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Water-Based Curing Agent Sales Value, 2020-2031
6.6.2 Japan Water-Based Curing Agent Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Water-Based Curing Agent Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Water-Based Curing Agent Sales Value, 2020-2031
6.7.2 South Korea Water-Based Curing Agent Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Water-Based Curing Agent Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Water-Based Curing Agent Sales Value, 2020-2031
6.8.2 Southeast Asia Water-Based Curing Agent Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Water-Based Curing Agent Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Water-Based Curing Agent Sales Value, 2020-2031
6.9.2 India Water-Based Curing Agent Sales Value by Type (%), 2024 VS 2031
6.9.3 India Water-Based Curing Agent Sales Value by Application, 2024 VS 2031

7 Company Profiles
7.1 Evonik
7.1.1 Evonik Company Information
7.1.2 Evonik Introduction and Business Overview
7.1.3 Evonik Water-Based Curing Agent Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Evonik Water-Based Curing Agent Product Offerings
7.1.5 Evonik Recent Development
7.2 Huntsman
7.2.1 Huntsman Company Information
7.2.2 Huntsman Introduction and Business Overview
7.2.3 Huntsman Water-Based Curing Agent Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Huntsman Water-Based Curing Agent Product Offerings
7.2.5 Huntsman Recent Development
7.3 Olin Corporation
7.3.1 Olin Corporation Company Information
7.3.2 Olin Corporation Introduction and Business Overview
7.3.3 Olin Corporation Water-Based Curing Agent Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Olin Corporation Water-Based Curing Agent Product Offerings
7.3.5 Olin Corporation Recent Development
7.4 Westlake
7.4.1 Westlake Company Information
7.4.2 Westlake Introduction and Business Overview
7.4.3 Westlake Water-Based Curing Agent Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Westlake Water-Based Curing Agent Product Offerings
7.4.5 Westlake Recent Development
7.5 Kukdo Chemical
7.5.1 Kukdo Chemical Company Information
7.5.2 Kukdo Chemical Introduction and Business Overview
7.5.3 Kukdo Chemical Water-Based Curing Agent Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Kukdo Chemical Water-Based Curing Agent Product Offerings
7.5.5 Kukdo Chemical Recent Development
7.6 Aditya Birla Group
7.6.1 Aditya Birla Group Company Information
7.6.2 Aditya Birla Group Introduction and Business Overview
7.6.3 Aditya Birla Group Water-Based Curing Agent Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Aditya Birla Group Water-Based Curing Agent Product Offerings
7.6.5 Aditya Birla Group Recent Development
7.7 Hengsite
7.7.1 Hengsite Company Information
7.7.2 Hengsite Introduction and Business Overview
7.7.3 Hengsite Water-Based Curing Agent Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Hengsite Water-Based Curing Agent Product Offerings
7.7.5 Hengsite Recent Development
7.8 Incorez
7.8.1 Incorez Company Information
7.8.2 Incorez Introduction and Business Overview
7.8.3 Incorez Water-Based Curing Agent Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Incorez Water-Based Curing Agent Product Offerings
7.8.5 Incorez Recent Development
7.9 Rich Chemical
7.9.1 Rich Chemical Company Information
7.9.2 Rich Chemical Introduction and Business Overview
7.9.3 Rich Chemical Water-Based Curing Agent Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Rich Chemical Water-Based Curing Agent Product Offerings
7.9.5 Rich Chemical Recent Development
7.10 Mitsubishi Chemical
7.10.1 Mitsubishi Chemical Company Information
7.10.2 Mitsubishi Chemical Introduction and Business Overview
7.10.3 Mitsubishi Chemical Water-Based Curing Agent Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Mitsubishi Chemical Water-Based Curing Agent Product Offerings
7.10.5 Mitsubishi Chemical Recent Development
7.11 Cardolite
7.11.1 Cardolite Company Information
7.11.2 Cardolite Introduction and Business Overview
7.11.3 Cardolite Water-Based Curing Agent Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 Cardolite Water-Based Curing Agent Product Offerings
7.11.5 Cardolite Recent Development
7.12 Reaksiyon Kimya
7.12.1 Reaksiyon Kimya Company Information
7.12.2 Reaksiyon Kimya Introduction and Business Overview
7.12.3 Reaksiyon Kimya Water-Based Curing Agent Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 Reaksiyon Kimya Water-Based Curing Agent Product Offerings
7.12.5 Reaksiyon Kimya Recent Development
7.13 QR-Polymers
7.13.1 QR-Polymers Company Information
7.13.2 QR-Polymers Introduction and Business Overview
7.13.3 QR-Polymers Water-Based Curing Agent Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 QR-Polymers Water-Based Curing Agent Product Offerings
7.13.5 QR-Polymers Recent Development

8 Industry Chain Analysis
8.1 Water-Based Curing Agent Industrial Chain
8.2 Water-Based Curing Agent Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Water-Based Curing Agent Sales Model
8.5.2 Sales Channel
8.5.3 Water-Based Curing Agent Distributors

9 Research Findings and Conclusion

10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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