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Curing Agents Market Trends

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

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Curing Agents Market Trends

The aerospace and automotive sectors are driving innovation in high-performance curing agents. As these industries demand materials with enhanced strength, durability, and resistance to extreme conditions, curing agents are evolving to meet these stringent requirements. The rise of electric vehicles (EVs) is also influencing the market, with a focus on developing formulations that cater to the specific needs of EV components and battery technologies.

Additionally, the construction industry is a key driver for the curing agents industry, as there is a growing demand for durable and high-strength materials in infrastructure projects. The adoption of advanced composites and coatings in construction applications is fueling the need for specialized curing agents. As urbanization and infrastructure development continue globally, the market is expected to witness sustained growth, driven by these diverse and evolving trends.

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.