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Epoxy Curing Agents Market to observe high growth by 2025
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Epoxy curing agents are primarily used for coating purposes. Furthermore, composites and adhesives applications are the potential segments where epoxy curing agents can be utilized. Epoxy curing agents of mercaptan blends offer superior applications in various markets such as construction, protective coatings, civil engineering, adhesives, automotive adhesives, and car body repair. Polyamidoamide is an epoxy curing agent, and it provides excellent adhesion on difficult-to-wet and humid substrates. Therefore, it is used as structural adhesive, primer on concrete, and pigmented anticorrosion coating on steel. Epoxy curing agents such as aliphatic and cycloaliphatic offer good flexibility, therefore they are suitable for casting resins, coatings, and embedding compound. Tertiary amines are employed to catalyze epoxy systems. Furthermore, aliphatic and cycloaliphatic epoxy curing agents provide tack-free surface and are suitable for crack bridging applications. Thus, epoxy curing agents are increasingly used in end-user industries such as automotive coatings and wood coatings across the globe.
The epoxy curing agents market exhibits strong potential in Asia Pacific due to increase in the number of manufacturing facilities of global and upcoming domestic players in the region. North America and Europe follow Asia Pacific in terms of market share. Additionally, some countries in the Middle East offer high potential for epoxy curing agents due to rise in the number of construction activities. Robust economic expansion in China and India is likely to positively impact the global consumption of epoxy curing agents. A robust automotive industry in Europe is estimated to boost the expansion of the epoxy curing agents market during the forecast period. Numerous end-user industries are focusing on development of epoxy curing agents in order to meet the rising demand of the increasing population. Demand for epoxy curing agents is estimated to witness a significant rise in the near future across the globe, primarily due to their potential application in the coatings, composites, and adhesives industries. Global players are focusing on research and development activities to develop products with superior properties. This is projected to help companies gain higher market share. Furthermore, expansion of the automobile and construction industries is anticipated to propel the demand for epoxy curing agents during the forecast period. Subsequently, the global epoxy curing agents market is likely to expand significantly in the near future.
Key companies operating in the epoxy curing agents market include BASF SE, Air Products and Chemicals, Inc., Hexion, Evonik Industries, Huntsman International LLC, Cardolite Corporation, Kukdo Chemical Co., Ltd., The Dow Chemical Company, Gabriel Performance Products, Aditya Birla Chemicals, and Mitsubishi Chemical Corporation. Companies are investing considerable sums in research & development to discover the untapped potential of epoxy curing agents in different applications such as electrical laminates, marine and maintenance coatings, and others.
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