Epoxy Curing Agents Market Size, Share & Growth Report 2032

Epoxy Curing Agents Market: Industry Perspective

The global epoxy curing agents market size was worth around USD 5.12 billion in 2023 and is predicted to grow to around USD 9.74 billion by 2032 with a compound annual growth rate (CAGR) of roughly 7.40% between 2024 and 2032.

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The report covers forecasts and analyses for the epoxy curing agents market on a global and regional level. The study provides historical information for 2018 to 2022 with a forecast from 2024 to 2032 based on both volume (Kilotons) and revenue (USD Billion). The complete study covers the key drivers and restraints for the epoxy curing agents market. It also provides the impact of the market within the forecast period. Furthermore, the study also includes the opportunities accessible within the epoxy curing agents market on a global level.

Epoxy Curing Agents Market: Overview

Epoxy resins are the resins that contain more than one epoxide group. Curing agents are the chemicals mixed in the resins to harden and toughen them. Epoxy curing agents offers versatile properties such as electrical insulation, mechanical strength, and chemical strength. The epoxy curing agent is produced by reacting the linear epoxy resin with suitable curatives, therefore, this process is known as curing or gelation process. A wide range of curing agent for epoxy resins is available on the basis of process and properties required. The generally used curing agents are amines, polyamides, anhydrides, isocyanates, and others. These epoxy curing agents are widely utilized in various industries such as construction, electrical & electronics, and aerospace. 

The global epoxy curing agents market is estimated to grow significantly with increasing demand from the coating industry. Due to the corrosion resistance, higher mechanical strength, and superior bonding property of the epoxy curing agents it is widely utilized in the coating industry. Therefore, this increased usage of epoxy curing agents is anticipated to drive the epoxy curing agent market growth. However, the fluctuating prices of raw material are expected to restrain the epoxy curing agents market in the forecast period. Moreover, increasing demand for printed circuit boards (PCBs) in the manufacturing of a varied range of electronic products like mobile devices, smartphones, automotive electronics, machinery, and other consumer electronics is projected to boost the epoxy curing agents market in the forecast period.

In order to offer the users of this report, a comprehensive read of the epoxy curing agents market, we have enclosed the detailed value chain analysis. To know the competitive landscape within the market, an analysis of Porter’s Five Forces model for the epoxy curing agents market has additionally been enclosed within the study. The study includes a market attractiveness analysis, where all segments are benchmarked supported by their market size, rate, and general attractiveness.

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The study also includes the market share of the key participants operating in the epoxy curing agents market across the globe. Besides, the report covers strategic developments together with acquisitions & mergers, agreements, partnerships, collaborations, and joint ventures, and regional growth of key players within the market on a regional basis.

Epoxy Curing Agents Market: Segmentation

The study provides a crucial view of the epoxy curing agents market by segmenting the market based on its segmentation. The segmentation included type, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

Based on the type, the global epoxy curing agents included in this study are amines, imidazoles, polyamides, anhydrides, polyamidoamines, and others. Amines are the most dominating type amongst others and are expected to continue its dominance in the upcoming years. Due to its excellent durability and chemical resistance, amine-based curing agents are widely used. These amine-based curing agents are used mainly used for applications such as adhesives, coatings, composites, and electrical & electronics.

Based on the application, the global epoxy curing agents included in this study are coatings, construction, electrical & electronics, wind energy, composites, adhesives, and other applications. Coating application was the leading and fastest growing application segment in 2023 and is expected to sustain its dominance in the future.

Epoxy Curing Agents Market: Report Scope

Epoxy Curing Agents Market: Regional Analysis

Additionally, the regional classification includes the key countries and regions such as Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa. 

The geographic analysis of epoxy curing agents market includes North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific is the leading regional market for epoxy curing agents in terms of volume. Owing to the rapid industrialization of countries like Indonesia, India, Malaysia, and China is likely to drive the epoxy curing agents market in the region. Additionally, India and China are the major consumers of epoxy curing agents amongst the region. Furthermore, the growing demand for epoxy curing agent from the construction industry is estimated to propel the market growth in the upcoming years.   

Epoxy Curing Agents Market: Competitive Analysis

The global epoxy curing agents market is dominated by players like:

• Evonik Industries
• DIC Corporation
• Cardolite Corporation
• BASF SE
• Hexicon Inc.
• Incorez Ltd.
• Gabriel Performance Products
• Brenteg Specialities Inc.
• Dow Chemical Company
• Aditya Birla Chemicals
• Momentive Speciality Chemicals
• Mitsubishi Chemicals

The report segments the global epoxy curing agents market as:

Global Epoxy Curing Agents Market: Type Analysis

• Amines 
• Polyamide 
• Imidazoles 
• Anhydrides
• Polyamidoamines 
• Others 

Global Epoxy Curing Agents Market: Application Analysis

• Coatings
• Construction
• Electrical & Electronics
• Wind Energy
• Composites
• Adhesives
• Others

Global Epoxy Curing Agents Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa