Asia Pacific is the largest market of Epoxy Curing Agent due to demand in various applications such as coatings and adhesives in China region followed by Japan. Increasing demand for coatings, adhesives, composites in the India, Taiwan, and South Korea has made Asia Pacific largest consumer of the Global Epoxy Curing Agent Market followed by increasing in the consumption of Epoxy Curing Agent Market in North America region. The third largest market of Epoxy Curing Agent is Europe region which is followed by Latin America and Middle East also witnessed in growth of Epoxy Curing Agent Market due to various end user industry such as automotive, marine, aerospace, and other industries.
North America is the strong region which holds second position in Global Epoxy Curing Agent Market, including countries such as U.S., Mexico and Canada. Growth in this region is credited to the increasing consumption of end user industries such as marine and automotive industry particularly, in U.S. and Canada. Companies are investing in R&D to renovate new products for varied range of applications. In addition, an investment of US$ 1.6 billion through Dow chemical in R&D was used to improve the epoxy technology and offer a huge range of high quality of epoxy curing agent products. Manufacturing companies are launching low emission and waterborne curing agent products including the Huntsman International LLC and The Dow Chemical Company are including environmentally responsible formulations of Epoxy Curing Agent products.
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Europe is the third largest Epoxy Curing Agent Market including countries such as Germany, UK, France, Italy, and rest of the Europe. This region is expected to witness moderate growth over the forecast period of 2016 to 2023 due to growth for end use industries and increase in consumption for high performance epoxy resin in the paint & coatings, composites, and electronics applications. Middle East and South Africa is an emerging region for Epoxy Curing Agent Market. This region will play a crucial role in the development of overall Epoxy Curing Agent Market development as it is considered as leading producer of Epoxy Curing Agent.
Major players having presence in the Global Epoxy Curing Agent Market include 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), and Others.
Industry/ Innovation/ Related News:
July 1, 2017- Evonik Industries AG has combined its isophorone chemistry and epoxy curing agents business in the new Crosslinkers Business Line. This newly formed Business Line will be the part of the Resource Efficiency Segment. Crosslinkers Business Line offers a broad range of products and competences for coatings and adhesives, civil engineering as well as for high-performance elastomers and composites. This is projected to expand epoxy curing agent business and technology platform of the company.
September 12, 2017- Hexion Inc. has developed a new epoxy resin curing system which exhibit low fire, smoke and toxicity (FST) properties. This new product will provide manufacturers with a novel, homogeneous material for use in composite parts for aircraft interiors as well as marine, rail and architectural applications. The new epoxy resin system, EPON™ FlameX Resin 9600 / EPIKURE™ FlameX Curing Agent 9700, is halogen and phenolic free. It can be applicable in commercial aviation applications in cargo areas, seat interiors, lavatories, galleys or anywhere not requiring heat release compliance.
February 7, 2017- BASF and Gustav Grolman GmbH & Co. KG entered into an agreement to strengthen their collaboration in Europe for marketing amine-based curing agents for the professional processing of epoxy resins. Grolman expands the marketing of the BASF specialty chemicals under the Baxxodur® brand to France, Norway, Sweden, Finland and Denmark, specifically for use in epoxy resin based applications. This development will boost the sale of the epoxy curing agents in Europe by leveraging upon expertize and diversified know-how of Grolman GmbH.
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