Epoxy Curing Agents Market is Slated to Double the Growth at a CAGR of 5{02346bf83de6e36140f9a3419962accbe3517f5478f0c39703bb0046727acb31} Over 2018-2028

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Dec 25, 2020 (MARKITWIRED via COMTEX) — The US$ 2.45 Bn global epoxy curing agents market is estimated tosurpass US$ 4 Bn by the end of 2028, according to a recent researchreport published by Future Market Insights. In terms of value, the market isapprehended to exhibit a progressive CAGR of 5% over the assessment period,2018-2028. Successful emergence of bio-based and water-based epoxy curingagents is expected to drive the market during the next 10 years.

“Increasing consumption of epoxy resins byelectrical laminate manufacturers and substantial demand for printed circuitboards (PCBs), which are widely used in electronic products manufacturing, willcollectively push the market for epoxy curing agents over the next decade. Themarket will also gain a significant thrust by fuel-efficiency regulations setfor the use of lightweight materials by automakers and aerospace componentmanufacturers,” discovers a team of research analysts at PersistenceMarket Research.

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Segmental Insights

  • By product type, amines and polyamines represent a dominant segment, whereas amides and polyamides are identified to be the fastest thriving segment.
  • Based on application, paints, coatings, and inks will continue to retain a dominant revenue share, followed by a rapidly growing segment – composites.
  • By end-use, construction, electrical and electronics, and automotive and aerospace industries are likely to remain the key segments from 2018 till 2028.

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China to Remain at the Center Stage in Termsof Revenue Generation

As per the insights provided through regional assessment,the global market for epoxy curing agents has been led by China overthe years. The Chinese market currently accounts for a major chunk of globalrevenues, i.e. nearly 45%. This growth is predominantly attributed to heftyconsumption of epoxy agents by paints, coatings, and ink industry.Moreover, China has been witnessing fostering demand for coatings,specifically from automotive, floorings, and manufacturing industries, whichwill further result in bolstering traction to epoxy curing agents in nearfuture. Western Europe is foreseen to secure the second position in termsof revenue contribution, owing to high demand for renewable energy resources.

Emerging Economies to Rise Rapidly DespiteLow-volume Market Sizes

While North America is presumed toobserve sluggish growth throughout the forecast period, it has been reportedthat developing countries in emerging economies such as Latin America, SouthEast Asia Pacific (SEAP), and Middle East and Africa (MEA)will encounter with attractive opportunities in upcoming years. The developingregions are foreseen to be the ‘high-growth, low-volume’ markets for epoxycuring agents. SEAP is anticipated to thrive at a promising CAGR of around 5.2%over 2018-2028, led by India, Thailand, and South Korea. ASEANcountries are projected to open multiple doors of opportunities for powergeneration and construction industries.

Key Player Insights

The relatively consolidated competitive landscapeof the global epoxy curing agents market is operated by a number of keycompanies, a few of which include BASF SE, Evonik Industries AG, Aditya BirlaCorporation, Olin Corporation, Gabriel Performance Products, Toray FineChemicals, Hexion Inc., Showa Denko KK, and Mitsubishi Chemical Corporation.Besides the dominant players such as Huntsman Corporation, Olin Corporation, andEvonik Industries AG, the global marketplace is also benefiting from crucialcontribution by several regional as well as local companies.

Table Of Content

1.Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. Analysis and Recommendations

1.4. Wheel of Fortune

2.Market Introduction

2.1. Market Taxonomy

2.2. Market Definition

2.3. Global thermosetting resins and epoxy resins marketoverview

3.Market View Point

3.1. Macro-Economic Factors

3.1.1. Global Paints, Coatings and Inks Industry Overview

3.1.2. Global Wind Energy Generation Industry Overview

3.1.3. Global Construction Sector Overview

3.1.4. Global PCB Production Overview

3.1.5. Global Automotive Industry Overview

3.1.6. Global Chemical Sales

3.1.7. Global GDP Outlook

3.2. Global Epoxy Curing Agents Market Supply Demand Scenario

4.Industry Structure

4.1. Market Structure Analysis

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Future Market Insights (FMI)is a leading market intelligence and consulting firm. We deliver syndicatedresearch reports, custom research reports and consulting services, which arepersonalized in nature. FMI delivers a complete packaged solution, whichcombines current market intelligence, statistical anecdotes, technology inputs,valuable growth insights, an aerial view of the competitive framework, andfuture market trends.

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