Pulished Date October, 2019
ID: 8773
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Asia-Pacific Epoxy Curing Agent market by Type (Amine-Based Curing Agents, Anhydride Curing Agents),Application (Coatings, Construction, Adhesives, Composites, Wind Energy, Electrical&Electronics)and Region - Global Forecast to 2024

Pulished: October, 2019
ID: 8773
Pages: 145

Asia-Pacific Epoxy Curing Agent market value and expected growth 

The Epoxy Curing Agent market was estimated at USD 4.2 billion in 2019 and is expected to grow at a CAGR rate of 6.0% to reach USD 5.9 billion in 2024.

Recent Developments:

A new waterborne, emulsion-type epoxy-pressed coating agent NX-8401 was launched at Cardolite in December 2017. The material is solvent-free, low viscosity and water-reducible.

In March 2017, Huntsman Corporation released Ara, a new range of heavy-duty industrial coating agents for the oil and gas, marine, transport and industrial maintenance industries, for use with low-temperature curing agents.

Market Introduction:

The method of the linear epoxy resin with suitable healing agents to create thermoset structures that are interlinked in three dimensions is known as an epoxy cure. Epoxy healing agents give an outstanding bonding ability even after diagnosis. This provides excellent mechanical strength, high chemical resistance and electrical insulation. To order to be mixed and cured together with various curing agents, the epoxy resins can also have different properties. Epoxy resins cure is an exothermic reaction that, in some cases, generates enough energy, if not regulated, to cause thermal degradation. Epoxy Resin has outstanding mechanical strength, chemical resistance and electrical isolation characteristics after application.

The epoxy curing agents market is driven primarily by increased demand for adhesive and coating epoxy cure agents. In addition, increased demand for adhesives is expected to dominate the global epoxy curing agent market in the review period in the construction sector. This will have a positive effect on the market for epoxy curing agents in the construction industry. For example, in the construction industry, adhesive and thermosetting adhesives that are of higher strength and environmental protection are used to produce tertiary and secondary amines, imidazoles, and polysulfides. 

Besides, amines are used extensively in the production of high-solid coatings, which emit not only low volume VOCs, but also provide high resistance to oxidation, edge retention and coating thickness. Such solid lacquers are used on ships, well deck surfaces and top surfaces throughout the military industry. These also mark directions, warning signs and others in factories and commercial premises. As a result, both price and volume are expected to increase significantly in the forecast time due to these factors on demand for epoxy curing agents.

In the near future, APAC will remain the most lucrative end-use market. The steady rise in the production of goods for use in the area and exports is driving demand for healing agents. The growing population and end-use industries have led to innovation and innovations in the end-use sectors and have made them a worldwide actively applied industry.

 

Drivers and market limitations:

The Epoxy Curing Agent market size is exponentially expanding owing to the following:

  • The purchasing power of consumers is strengthened by factors such as population growth, urbanization and economic improvements by contributions to the development of the APAC market.
  • Increased demand for construction and wind energy, technical advancement in the production industry and growing demand for environmentally friendly paints and coatings.

Restraints of Epoxy Curing Agent market can be –

  • High initial setup cost. 
  • Trends including the substitution of phenol with the dicyandiamide curing agent and the use of low volatile organic compounds in curing substances.

Opportunities 

  • Emerging markets growth possibilities 

Research Methodology:

Market research involves studying market trends, growth patterns and understanding the influence of variables like macro and micro economic conditions, geopolitical and demographic conditions on the market value and market dynamics.

The research methodology used to calculate and forecast the Epoxy Curing Agent market began by collecting information on the marketkey player’s sales using multiple sources via secondary research.In order to identify market segmentation, supplier offers have been considered.

Epoxy Curing Agent Market segmentation:

Anhydride Curing Agents of the form Amine-Based Treatment are used in a wide range of manufacturing industries with various types of epoxy curing agents, including amides, polyamines, amines, polyamides, phenolics, anhydrides etc. In most industrial applications, higher demand for amines and polyamines has contributed to more than 48% of epoxy cure agent income in this market. To order to prevent the emission of VOCs, however, end-users are heading onto the market towards amides and polyamides because of tight regulatory standards. Amines and polyamines are likely to lose market share of amides and polyamides in the coming years.

Market Taxonomy:

  1. By Type
    • Amine-Based Curing Agents
    • Anhydride Curing Agents
  2. By Application
    • Coatings
    • Construction
    • Adhesives
    • Composites
    • Wind Energy
    • Electrical & Electronics

Asia-Pacific, followed by North America and Europe, holds major market share owner in 2018.Due to Increasing economies, growth of end-usage industries and an increase in their demands in the APAC region, particularly emerging economies such as China, India, Thailand, Indonesia and Malaysia are driving the growth of the industry.

The Asia-Pacific region, will therefore, proceed to dominate theEpoxy Curing Agent marketbecause of the variables listed above.

Key players in the market:

Evonik Industries AG, BASF SE, Huntsman International, LLC, Cardolite Corporation, Kukdo Chemical Co., Ltd, Aditya Birla Chemicals, Mitsubishi Chemical Corporation, The Dow Chemical Company, Air Products and Chemicals, Inc., and others are key players operating in the epoxy curing agent market.

Key highlights of the research report:

  • This report provides a detailed quantitative analysis of the current market and estimates for the years 2019-2024, which help identify the prevailing market opportunities.
  • Important changes in market dynamics.
  • Report and evaluation of recent developments in the industry.
  • Competitive intelligence helps to understand the competitive scenario in geographical regions.
  • The key players in the market are described in detail in this report, and their strategies are analyzed in-depth to understand the competitive advantage of the market better.

1. Introduction                                                                 

                1.1 Market Definition                                                    

                1.2 Study Deliverables                                                  

                1.3 Base Currency, Base Year and Forecast Periods                                                          

                1.4 General Study Assumptions                                                

2. Research Methodology                                                                           

                2.1 Introduction                                                               

                2.2 Research Phases                                                      

                                2.2.1 Secondary Research                                           

                                2.2.2 Primary Research                                 

                                2.2.3 Econometric Modelling                                      

                                2.2.4 Expert Validation                                  

                2.3 Analysis Design                                                         

                2.4 Study Timeline                                                          

3. Overview                                                                       

                3.1 Executive Summary                                                

                3.2 Key Inferences                                                         

                3.3 Epidemology                                                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                                                    

                4.1 Market Drivers                                                          

                4.2 Market Restraints                                                    

                4.3 Key Challenges                                                         

                4.4 Current Opportunities in the Market                                                              

5. Market Segmentation                                                                              

                5.1 By Type                                                        

                                5.1.1 Introduction                                           

                                5.1.2 Amine-Based Curing Agent                                              

                                5.1.3 Anhydride Curing Agents                                  

                                5.1.4  Y-o-Y Growth Analysis, By Type                                    

                                5.1.5  Market Attractiveness Analysis, By Type                                  

                                5.1.6  Market Share Analysis, By Type                                    

                5.2 By Application                                                           

                                5.2.1 Introduction                                           

                                5.2.2 Coatings                                   

                                5.2.3 Construction                                          

                                5.2.4 Adhesives                                               

                                5.2.5 Composites                                            

                                5.2.6 Wind Energy                                           

                                5.2.7 Electrical & Electronics                                        

                                5.2.8 Y-o-Y Growth Analysis, By Application                                         

                                5.2.9 Market Attractiveness Analysis, By Application                                       

                                5.2.10 Market Share Analysis, By Application                                      

6. Geographical Analysis                                                                              

                6.1 Introduction                                                               

                                6.1.1 Regional Trends                                    

                                6.1.2 Impact Analysis                                     

                                6.1.3 Y-o-Y Growth Analysis                                        

                                                6.1.3.1 By Geographical Area                     

                                                6.1.3.2 By Type                 

                                                6.1.3.3 By Application                    

                                6.1.4  Market Attractiveness Analysis                                     

                                                6.1.4.1 By Geographical Area                     

                                                6.1.4.2 By Type                 

                                                6.1.4.3 By Application                    

                                6.1.5  Market Share Analysis                                      

                                                6.1.5.1 By Geographical Area                     

                                                6.1.5.2 By Type                 

                                                6.1.5.3 By Application                    

                6.2 China                                                             

                6.3 India                                                              

                6.4 Japan                                                            

                6.5 South Korea                                                               

                6.6 Australia                                                      

7. Strategic Analysis                                                                       

                7.1 PESTLE analysis                                                         

                                7.1.1 Political                                     

                                7.1.2 Economic                                 

                                7.1.3 Social                                         

                                7.1.4 Technological                                         

                                7.1.5 Legal                                          

                                7.1.6 Environmental                                       

                7.2 Porter’s Five analysis                                                              

                                7.2.1 Bargaining Power of Suppliers                                        

                                7.2.2 Bargaining Power of Consumers                                    

                                7.2.3 Threat of New Entrants                                     

                                7.2.4 Threat of Substitute Products and Services                                              

                                7.2.5 Competitive Rivalry within the Industry                                     

8. Market Leaders' Analysis                                                                        

                8.1 BASF SE                                                        

                                8.1.1 Overview                                 

                                8.1.2 Product Analysis                                   

                                8.1.3 Financial analysis                                  

                                8.1.4 Recent Developments                                       

                                8.1.5 SWOT analysis                                       

                                8.1.6 Analyst View                                          

                8.2 Evonik International                                                               

                8.3 Royce International                                                

                8.4 Huntsman                                                   

                8.5 Reichhold                                                    

9. Competitive Landscape                                                                           

                9.1 Market share analysis                                                            

                9.2 Merger and Acquisition Analysis                                                       

                9.3 Agreements, collaborations and Joint Ventures                                                         

                9.4 New Product Launches                                                         

10. Market Outlook and Investment Opportunities                                                                         

Appendix                                                                           

                a) List of Tables                                                

                b) List of Figures                                                              

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Asia Pacific Epoxy Curing Agents Market By Type, From 2019-2024 ( USD Billion )
  2. Asia Pacific Amine-Based Curing Agent Market By Region, From 2019-2024 ( USD Billion )
  3. Asia Pacific Anhydride Curing Agents Market By Region, From 2019-2024 ( USD Billion )
  4. Asia Pacific Epoxy Curing Agents Market By Application, From 2019-2024 ( USD Billion )
  5. Asia Pacific Coatings Market By Region, From 2019-2024 ( USD Billion )
  6. Asia Pacific Construction Market By Region, From 2019-2024 ( USD Billion )
  7. Asia Pacific Adhesives Market By Region, From 2019-2024 ( USD Billion )
  8. Asia Pacific Composites Market By Region, From 2019-2024 ( USD Billion )
  9. Asia Pacific Wind Energy Market By Region, From 2019-2024 ( USD Billion )
  10. Asia Pacific Electrical & Electronics Market By Region, From 2019-2024 ( USD Billion )
  11. Japan Epoxy Curing Agents Market By Type, From 2019-2024 ( USD Billion )
  12. Japan Epoxy Curing Agents Market By Application, From 2019-2024 ( USD Billion )
  13. China Epoxy Curing Agents Market By Type, From 2019-2024 ( USD Billion )
  14. China Epoxy Curing Agents Market By Application, From 2019-2024 ( USD Billion )
  15. India Epoxy Curing Agents Market By Type, From 2019-2024 ( USD Billion )
  16. India Epoxy Curing Agents Market By Application, From 2019-2024 ( USD Billion )
  17. Australia Epoxy Curing Agents Market By Type, From 2019-2024 ( USD Billion )
  18. Australia Epoxy Curing Agents Market By Application, From 2019-2024 ( USD Billion )
  19. South Korea Epoxy Curing Agents Market By Type, From 2019-2024 ( USD Billion )
  20. South Korea Epoxy Curing Agents Market By Application, From 2019-2024 ( USD Billion )

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