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Epoxy Curing Agents Market Trends

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

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Epoxy Curing Agents Market Trends

The market for epoxy curing agents is steadily expanding due to the increasing demand for epoxy-based goods from a variety of industries. This increase is the result of multiple factors. First, the market for composites is expanding and is a significant user of curing agents. Composites-made lightweight, highly strengthening parts are highly sought after for use in the construction, automotive, and aerospace industries. Furthermore, there is a growing demand for strong adhesives, varnishes, and sealants that rely on epoxy curing agents due to the continuous growth of structures and infrastructure worldwide. The increasing complexity and compactness of electronics are also contributing factors, as these developments call for strong potting and encapsulating materials that frequently include epoxy curing agents. Another important factor influencing the market is innovation. Manufacturers are always pushing the envelope.

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.