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An excellent Epoxy Curing Agents Market report provides industry players with crucial support to expand their customer base within diverse market spaces. A team of experienced consultants, efficient market researchers and dependable data providers work with dedication to structure such large scale market document. Here, traditional research methodologies are supplemented with innovative approaches to offer evidence-based insights. This business research report offer recommendations that not just match today’s fast-evolving business trends, but also allow companies to capitalize on them. The market insights taken into consideration in Epoxy Curing Agents Market analysis report help simplify decision making.
The global epoxy curing agents market was valued at USD 3900 million in 2021 and is expected to reach USD 5976.21 million by 2029, registering a CAGR of 5.48% in 2022-2029. The aliphatic amines are anticipated to lead the segment due to the huge demand for products that can maintain cartilage health and are widely used in the electronics industries as corrosion inhibitors and flotation agents.
Market Overview:
Epoxy curing agents are compounds that are used in conjunction with an epoxy polymer to produce a high-quality end product. Even after curing, they have excellent bonding properties. Epoxy curing agents provide great chemical resistance, excellent mechanical strength, and electrical insulation. Epoxy resin curing is an exothermic reaction that, if not managed, can produce enough heat to induce thermal deterioration. Epoxy resin systems are divided into two sections: a “A” side and a “B” side. Aside from that, the curing agent is in charge of reacting with the epoxy groups in the epoxy resin.
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Epoxy Curing Agents Market Dynamics
Drivers
- High Demand Across End Users
The epoxy curing agents market is largely driven by rising demand for epoxy curing agents in the wind energy industry and increased adoption of epoxy curing agents in civil engineering and construction applications. In addition, increased demand for epoxy curing agents from their use in adhesives and coatings and an increase in demand for adhesives in the construction industry are expected to drive the market throughout the anticipated period. Additionally, the market is expected to be fueled by rising usage of epoxy curing agents in civil engineering and construction applications such as concrete bonding, flooring, and marble laminate.
The shift towards construction of decorative buildings and increasing spending by government on sustainable construction will further propel the growth rate of epoxy curing agents market. Additionally, the growing demand for electronic products, such as smartphones and automotive electronic equipment, also increases the demand for the epoxy curing agents to bolster the growth of the market.
Opportunities
- Development and Awareness
Furthermore, the development of new environmentally friendly epoxy curing agents extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the rapid development in wind and solar energy coupled with the surging awareness associated with the excellent thermal, mechanical, and electrical insulating properties of epoxy curing agents is estimated to further expand the future growth of the epoxy curing agents market.
Restraints/Challenges
- High Raw Material Prices
The high floatation in the prices of raw material for the epoxies are estimated to create hindrances for the growth of the epoxy curing agents market.
- Stringent Regulations
Also, the stringent environmental regulations regarding the usage of epoxies will prove to be a demerit for the epoxy curing agents market. Therefore, this factor is estimated to challenge the epoxy curing agents market growth rate.
Global Epoxy Curing Agents Market Scope
Type
- Diluents
- Accelerators
- Adhesion Promoters
- Specialty Resins
- Additives
- Others
Product
- CycloAliphatic Amines
- Aliphatic Amines
- Polysulfide
- Water Borne Curing Agents
- Low Emission Curing Agents
- Polyamides
- AmidoAmines
- Phenolics
- Mercaptans
- Phenalkamide
- Polyamido-Amines
- Phenalkamine
- Low Temperature Curing Agents
- Metaphenylene Diamine
- Methylene Dianiline
- Anhydrides
- Latent Curing Agents
- Others
Application
- Coatings and Inks
- Adhesives and Sealants
- Composites
Industry
- Automotive
- Aerospace
- Building and Construction
- Electrical
- Electronics
- Industrial
- Marine
- Oil and Gas
- Paints and Coatings
- Others
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Epoxy Curing Agents Market Regional Analysis/Insights
The epoxy curing agents market is analyzed and market size insights and trends are provided by country, type, product, application and industry as referenced above.
The countries covered in the epoxy curing agents market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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