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Epoxy Curing Agents Market Size

Report ID: GMI8794
Published Date: Apr 2024
Report Format: PDF

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Epoxy Curing Agents Market Size

Epoxy Curing Agents Market was valued around USD 5.6 Billion in 2023 and is anticipated to register a CAGR of over 6.9% between 2024 and 2032. Epoxy curing agents are essential components in creating high-performance epoxy resins. They act as hardeners, causing the liquid epoxy resin to transform into a solid plastic material.

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The market for epoxy curing agents is a dynamic industry that is growing. The increasing need for epoxy-based goods across a range of industries is driving this rise. Leading the way are the expanding composites industry, which produces strong, lightweight parts for the construction, automotive, and aerospace industries; the ongoing advancements in infrastructure that call for long-lasting adhesives and coatings; and the downsizing of intricate electronics that are encapsulated in epoxy curing agents.

Epoxy Curing Agents Market Report Attributes
Report Attribute	Details
Base Year:	2023
Epoxy Curing Agents Market Size in 2023:	USD 5.6 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	6.9%
2032 Value Projection:	USD 10.1 Billion
Historical Data for:	2018 - 2023
No. of Pages:	200
Tables, Charts & Figures:	230
Segments covered:	Resin Type, Raw Material, Application, Region
Growth Drivers:	Flourishing Composites Market Infrastructure & Construction Needs Evolving technological advancements
Pitfalls & Challenges:	Fluctuations in raw material prices

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Another important factor is innovation. Faster curing agents are always being developed by manufacturers to keep up with the needs of quick manufacturing cycles. Concern over sustainability is also developing, with an emphasis on bio-based alternatives and environmentally friendly curing methods with less volatile organic compound emissions.

Epoxy curing agent producers and users should position themselves to take advantage of emerging opportunities and maneuver through the changing market landscape by keeping up with current trends. The market for epoxy curing agents appears to have a promising future with innovation and sustainability at its forefront.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for epoxy curing agents was USD 5.6 billion in 2023 and is expected to register over 6.9% CAGR from 2024-2032 owing to the increasing need for epoxy-based goods across a range of industries worldwide.

Epoxy curing agents industry from the epoxy resin segment recorded USD 5.6 billion in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to its ability to turn the liquid resin into an incredibly strong solid plastic.

North America industry recorded a dominating share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to the presence of a robust domestic manufacturing base that effectively meets local demand in the region.

Atul Ltd., BASF SE, Evonik Industries AG, Huntsman International LLC, Olin Corporation, Shandong Deyuan Epoxy Resin Co., Ltd, Solvay, Toray Industries Inc., and Westlake Corporation, are some of the major epoxy curing agents companies worldwide.