Synopsis of Epoxy Curing Agent Market
Commenting on this report, an analyst from Market Research Future (MRFR)’s team said, “Global Epoxy Curing Agent Market size is expected to grow at USD ~ 5099.32 million by 2023. The market witnessed a significant growth over the forecasted period owing to growing applications such as into into adhesive, coatings, composites, electronics, and others (Wind Energy, additives, etc.) across various industries.
The global epoxy curing agents market is observing high growth with increasing demand from the APAC region, particularly from China and India due to the healthy demand for durable, high performance, and the cost-effective nature of epoxy curing agents. These properties are driving growth in the use of epoxy curing agents in various application industries, such as coatings, adhesives, electronics, and composites.
Key players of the global epoxy curing agent market are
- Evonik Industries AG (Europe),
- BASF SE (Europe),
- Huntsman International LLC (US),
- Cardolite Corporation (US),
- Kukdo Chemical Co., Ltd. (South Korea),
- Aditya Birla Chemicals (India),
- Mitsubishi Chemical Corporation (Japan),
- Momentive Specialty Chemicals Inc. (US),
- The Dow Chemical Company (US),
- Air Products and Chemicals, Inc. (US),
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The global epoxy curing agent market has been segmented into type and applications. On the basis of type, the market has been divided amines, polyamide, imidazoles, polymercaptan, anhydrides, polymercaptan, and others (thiols, Dicyandiamide, Photo- and ultraviolet-curing agents, etc.). Among all these types, amine based epoxy curing agents has cover the largest share in global epoxy curing agent market. The main features of amine based epoxy curing agents include chemical resistance, thermal resistant, and weather-ability. The major applications of amine based curing agents include adhesives, and electrical and electronics, composites, coatings, and others. In addition, APAC region is predicted to lead the amine based epoxy curing agents market during the forecasted period due to the rapid industrialization in countries including China, Indonesia, Malaysia, India, and others
Epoxy Curing Agent Market Expected to Reach USD 5099.32 Million in 2023: Asia Pacific to be the most productive region by 2023
APAC region dominated the global epoxy curing agent market in 2016, and is expected to continue the dominance during the forecast period. This region accounted for 48% of the global market share in 2016. Asia-Pacific led the epoxy curing agents market in terms of value and volume both in 2016, due to the rapid industrialization in countries including Indonesia, India, China, and Malaysia. Among all the countries China and India considered as the two major markets due to cheap labor, huge customer base, and flexible norms resulted in various manufacturers starting their firms in this region. In addition, the APAC region is a developing market for various industry including electronics, automotive, construction, and other industries. In this region demand for epoxy curing agents is driven by increasing consumption in composites, coatings, adhesives, and other industrial applications.
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The report about Global Epoxy Curing Agent Market by Market Research Future comprises of extensive primary research along with detail analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report further provides detail information about strategies used by top key players in the industry. It also gives a broad study about different market segments and regions.
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