About Epoxy Curing Agent
Epoxy resin systems consist of two parts i.e. A & B side. The B side, also known as hardener which is the epoxy curing agent; the curing agent is responsible for reacting with the epoxy groups contained in the epoxy resin A side. Reaction of curing agents with epoxy resins results in hard, thermoset materials. The global epoxy curing agents market is expected to grow at a healthy pace during the forecast period, according to the AMA study. Growing demand from construction & wind energy sectors and technological innovations in the manufacturing sector are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness a decline in the growth during FY 2020 but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Epoxy Curing Agent market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Aditya Birla Chemicals (India), Air Products and Chemicals, Inc. (United States), Atul Limited (India), BASF SE (Germany), Cardolite Corporation (United States), Epoxy Base Electronic Material Corporation Limited (China), Evonik Industries AG (Germany), Hexion Inc. (United States), Huntsman Corporation (United States), Kraton Polymers LLC (United States) and Kukdo Chemical (South Korea) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Mitsubishi Chemical Corporation (Japan), The Dow Chemical Company (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Epoxy Curing Agent market by Type (Polyamide, Aliphatic Amine, Cycloaliphatic Amine, Aromatic Amine, Phenalkamine, Amidoamine, Dicyandiamide, Anhydride, Polymercaptan, Phenol, Catalyst and Others), Application (Paint and Coatings, Composites, Electrical & Electronics, Construction, Adhesives and Others) and Region.
On the basis of geography, the market of Epoxy Curing Agent has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales, the sub-segment i.e. Direct Sales will boost the Epoxy Curing Agent market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Replacement of Dicyandiamide Curing Agent with Phenol
Market Growth Drivers:
Growing Demand from Construction & Wind Energy and Technological Innovations in the Manufacturing Sector
Challenges:
Short-term Challenges due to Reduced Operations Across Different Industries & Economic Crisis caused by COVID-19 Pandemic Across the World
Restraints:
Stringent Environmental Regulations Across European Region
Opportunities:
Opportunities in the Asia Pacific Region
Market Leaders and their expansionary development strategies
In December 2020, Huntsman Corporation announced its agreement to acquired Gabriel Performance Products, a North American specialty chemical manufacturer of specialty additives and epoxy curing agents for the coatings, adhesives, sealants and composite end-markets, from funds owned by Audax Private Equity.
In September 2021, Chemical Processing Services Ltd. launched new PERMACURE poly-Mannich technology, which is a new category of epoxy curing agent. These new grades are polymeric Mannich bases that have the following chemical structure.
Stringent Government Regulations Regarding Lock-Down of Cities & Shutting Down of Operations Across Different Industries Across the World Due to the COVID-19 Pandemic is Impacting the Demand for Epoxy Curing Agents
Analyst View
Since the COVID-19 virus outbreak in December 2019, the disease has spread to more than 200 countries across the world along with the World Health Organization declaring it a public health emergency. The impact of the COVID-19 has already hit many industries and will affect the epoxy curing agents market in FY 2020. The outbreak of COVID-19 has brought effects on many aspects, like scheduled public transportation cancellations; downfall in the real estate sector; travel bans and quarantines; closed operations across hotels & restaurants; banning of public gatherings & events; large slow-down in the supply chain of different markets; stock market unpredictability; declining business assurance, and uncertainty in the future market dynamics.
Key Target Audience
Epoxy Curing Agent Manufacturer, Research and Development, Investor, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.