The Epoxy Curing Agent market was estimated at USD 4.12 billion in 2022 and is expected to grow at a CAGR rate of 6.0% to reach USD 6.13 billion in 2028.
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. The method of 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, epoxy resins can also have different properties. Epoxy resin 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.
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.
The purchasing power of consumers is strengthened by factors such as population growth, urbanization, and economic improvements through 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.
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. 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.
Asia-Pacific, followed by North America and Europe, holds major market share owners 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 the Epoxy Curing Agent market because of the variables listed above.
By Country – India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore, and the Rest of APAC.
Coatings
Construction
Adhesives
Composites
Wind Energy
Electrical & Electronics
China
India
Japan
South Korea
South-East Asian
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
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