According to the latest report by IMARC Group, titled, “Epoxy Curing Agent Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", The global epoxy curing agent market reached a value of US$ 3.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.2 Billion by 2027, exhibiting at a CAGR of 4.9% during 2022-2027.
An epoxy curing agent is an amine-based chemical that creates a three-dimensional (3D) crosslinked system when it reacts with epoxy resin. It is widely available as polymercaptan, polyamide and amidoamine, amine, and phenalkamine curing agents. It is cost-effective and has high abrasion resistance, strong mechanical properties, excellent chemical resistance, and corrosion protection. It allows curing at low temperatures and has very low outgassing levels. It is utilized in paints and coatings, adhesives, composites, wind energy plants, and electronic encapsulation. Besides this, it is employed in the construction, automotive, and aerospace industries across the globe.
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Epoxy Curing Agent Market Trends and Drivers:
At present, the rising demand for epoxy curing agents in the building and construction industry around the world represents one of the primary factors strengthening the market growth. Besides this, the growing demand for epoxy curing agents in the electronics industry to produce printed circuit boards (PCBS) that are utilized in smartphones, automotive electronics, and mobile phones is offering a positive market outlook. Apart from this, the increasing demand for epoxy curing agents in the paints and coatings industry is bolstering the growth of the market. Moreover, the rising demand for amine-based epoxy curing agents, as they offer better curing time, good color consistency, and long shelf-life, is offering lucrative growth opportunities to industry investors. Furthermore, the escalating demand for epoxy curing agents for the manufacturing of aircraft structures is propelling the growth of the market.
Epoxy Curing Agent Market 2022-2027 Competitive Analysis and Segmentation:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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The report has segmented the market based on product type, application and end user.
Breakup by Product Type:
Breakup by Application:
Breakup by End User:
Breakup by Region:
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