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Curing Agents Market Share

Report ID: GMI8178
Published Date: Feb 2024
Report Format: PDF

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Curing Agents Market Share

Curing Agents Market Company Share, (2023)

The competitive landscape in the curing agents industry is characterized by a mix of global giants and niche players, contributing to a moderately concentrated market. Key industry participants include major players such as BASF SE, Evonik Industries, Hexion, Huntsman International LLC, and Olin Corporation. These companies possess a significant market share and influence, driving technological advancements and setting industry standards. Additionally, the market features established regional players like Supreme Polytech Pvt. Ltd., contributing to the market's diversity and catering to specific regional demands.

In terms of competitive approaches, pricing strategies, product innovation, and distribution networks are pivotal factors. Global leaders like BASF SE and Evonik Industries often leverage their extensive product portfolios and research capabilities to introduce cutting-edge curing agents, gaining a competitive edge. Pricing strategies play a crucial role, with players often adopting competitive pricing to maintain market share. Distribution networks, encompassing efficient supply chains and strategic partnerships, are key for reaching diverse markets and end-users.

The degree of concentration is influenced by the strategic positions of major players, while the presence of niche players ensures a degree of fragmentation, allowing for specialization in specific curing agent formulations or applications. Overall, the market is marked by a balanced interplay between concentration and fragmentation, fostering healthy competition and innovation.

Curing Agents Market Companies

Major players operating in the curing agents industry include:

Alfa Chemicals
BASF SE
Cardolite Corporation
Cardolite Corporation
DIC Corporation
Evonik Industries
Hexion
Hunstman International LLC
Mitsubishi Chemical Corporation
Olin Corporation
Supreme Polytech Pvt. Ltd.
Westlake Epoxy

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Industry size for curing agents reached USD 6.8 billion in 2023 and is projected to expand at over 5.2% CAGR from 2024 to 2032 driven by increasing use in the production of coatings, adhesives, and composites for enhancing the durability and performance of these end-products.

Epoxy curing agents market size was USD 2.6 billion in 2023 and is anticipated to witness high demand through 2032 attributed to their excellent adhesion properties and resistance offered in industries, such as automotive, electronics, and construction.

Asia Pacific market size for curing agents was USD 2.3 billion in 2023 and is estimated to record substantial revenue by the end of 2032 owing to the robust growth in industrial activities, coupled with rapid infrastructure development across countries like China and India.

Some of the leading firms engaged in the curing agents industry are Alfa Chemicals, BASF SE, Cardolite Corporation, DIC Corporation, Evonik Industries, Hexion, Hunstman International LLC, Mitsubishi Chemical Corporation, Olin Corporation, Supreme Polytech Pvt. Ltd., and Westlake Epoxy.