The Epoxy
Curing Agents Market Global Industry Report is estimated to grow from USD
3.60 billion in 2017 to USD 5.02 billion by 2022, at a CAGR of 6.84% between
2017 and 2022.
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Increasing demand in emerging countries in Asia-Pacific,
high growth in end-use industries, and the shift in consumer preference toward
high-quality standard products are expected to propel the growth of the epoxy
curing agents market.
The report covers the epoxy curing agents market segmented
on the basis of type, application, and region. The growing usage of epoxy
resins in end-use industries, improved quality of products, and increased
demand for durable products key factors expected to drive the market in the
coming years. The growing demand from Asia-Pacific and MEA is driving companies
to invest in these regions to increase their market share and geographical
presence.
Based on application, the coatings segment is
projected to lead the epoxy curing agents market, while the wind energy segment
is projected to witness highest growth during the forecast period.
Based on type, the amine-based curing agent segment
is expected to lead the epoxy curing agents market during the forecast period. Amine-based
curing agents are preferred over other types, as these agents are more durable
and chemical resistant. The major applications of amine-based curing agents
include coatings, adhesives, composites, electrical & electronics, and construction,
among others.
Asia-Pacific is estimated to be the largest market
for epoxy curing agents, due to increased technological and infrastructural
developments and consumer awareness in the region. Research institutions and
various manufacturers are taking initiatives and making investments in R&D
for the technological development of epoxy curing agents in terms of cost and
durability, and to improve the properties of the epoxy curing agents for
end-use applications.
Key market players are expected to adopt growth
strategies such as investments & expansions, new product developments,
mergers & acquisitions, and partnerships, agreements & joint ventures
to achieve growth in the epoxy curing agents market in near future. There is a rising
demand for epoxy curing agents in applications, including coatings, wind
energy, composites, and adhesives, among other applications.
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