Epoxy Curing Agent Market Research Report - Forecast Till 2030

Epoxy Curing Agent Market Research Report: Information by Product Type (Amines, Polyamide, Imidazoles, Polymercaptan, Anhydrides, Polymercaptan, and Others), Application (Adhesive, Coatings, Composites, Electronics, and Others), Region (North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa) - Forecast till 2030

ID: MRFR/CnM/2255-HCR | February 2021 | Region: Global | 140 Pages         

TABLE OF CONTENTS

1 Executive Summary

2 Market Introduction

2.1 Market Definition

2.2 Scope of the Study

2.3 List of Assumptions

2.4 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

4 Market Dynamics of the Global Epoxy Curing Agent Market

4.1 Introduction

4.2 Drivers

4.3 Restraints

4.4 Opportunities

4.5 Challenges

4.6 Trends/Technology

5 Market Factor Analysis of the Global Epoxy Curing Agent Market

5.1 Supply Chain Analysis

5.1.1 Raw Material Suppliers

5.1.2 Manufacturers/Producers

5.1.3 Distributors/Retailers/Wholesalers/E-Commerce

5.1.4 Applications

5.2 Porter’s Five Forces Analysis

5.2.1 Threat of New Entrants

5.2.2 Bargaining Power of Buyers

5.2.3 Bargaining Power of Suppliers

5.2.4 Threat of Substitutes

5.2.5 Intensity of Competitive Rivalry

5.3 Pricing Analysis

6. Global Epoxy Curing Agent Market, by Product Type

6.1 Introduction

6.2 Amines

6.2.1 Market Estimates & Forecast, 2020-2027

6.2.2 Market Estimates & Forecast, by Region, 2020-2027

6.3 Polyamide

6.3.1 Market Estimates & Forecast, 2020-2027

6.3.2 Market Estimates & Forecast, by Region, 2020-2027

6.4 Imidazoles

6.4.1 Market Estimates & Forecast, 2020-2027

6.4.2 Market Estimates & Forecast, by Region, 2020-2027

6.5 Polymercaptan

6.5.1 Market Estimates & Forecast, 2020-2027

6.5.2 Market Estimates & Forecast, by Region, 2020-2027

6.6 Anhydrides

6.6.1 Market Estimates & Forecast, 2020-2027

6.6.2 Market Estimates & Forecast, by Region, 2020-2027

6.6 Polymercaptan

6.6.1 Market Estimates & Forecast, 2020-2027

6.6.2 Market Estimates & Forecast, by Region, 2020-2027

6.6 Others

6.6.1 Market Estimates & Forecast, 2020-2027

6.6.2 Market Estimates & Forecast, by Region, 2020-2027

7. Global Epoxy Curing Agent Market, by Application

7.1 Introduction

7.2 Adhesive

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast, by Region, 2020-2027

7.3 Coatings

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast, by Region, 2020-2027

7.4 Composites

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast, by Region, 2020-2027

7.5 Electronics

7.5.1 Market Estimates & Forecast, 2020-2027

7.5.2 Market Estimates & Forecast, by Region, 2020-2027

7.6 Others

7.6.1 Market Estimates & Forecast, 2020-2027

7.6.2 Market Estimates & Forecast, by Region, 2020-2027

8. Global Epoxy Curing Agent Market, by Region

8.1 Introduction

8.2 North America

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.2.3 Market Estimates & Forecast, by Application, 2020-2027

8.2.4 US

8.2.4.1 Market Estimates & Forecast, 2020-2027

8.2.4.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.2.4.3 Market Estimates & Forecast, by Application, 2020-2027

8.2.5 Canada

8.2.5.1 Market Estimates & Forecast, 2020-2027

8.2.5.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.2.5.3 Market Estimates & Forecast, by Application, 2020-2027

8.3 Europe

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.3.3 Market Estimates & Forecast, by Application, 2020-2027

8.3.4 Germany

8.3.4.1 Market Estimates & Forecast, 2020-2027

8.3.4.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.3.4.3 Market Estimates & Forecast, by Application, 2020-2027

8.3.5 France

8.3.5.1 Market Estimates & Forecast, 2020-2027

8.3.5.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.3.5.3 Market Estimates & Forecast, by Application, 2020-2027

8.3.6 Italy

8.3.6.1 Market Estimates & Forecast, 2020-2027

8.3.6.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.3.6.3 Market Estimates & Forecast, by Application, 2020-2027

8.3.7 Spain

8.3.7.1 Market Estimates & Forecast, 2020-2027

8.3.7.2 Market Estimates & Forecast, by Product Type,2020-2027

8.3.7.3 Market Estimates & Forecast, by Application, 2020-2027

8.3.8 UK

8.3.8.1 Market Estimates & Forecast, 2020-2027

8.3.8.2 Market Estimates & Forecast, by Product Type,2020-2027

8.3.8.3 Market Estimates & Forecast, by Application, 2020-2027

8.3.9 Russia

8.3.9.1 Market Estimates & Forecast, 2020-2027

8.3.9.2 Market Estimates & Forecast, by Product Type,2020-2027

8.3.9.3 Market Estimates & Forecast, by Application, 2020-2027

8.3.10 Poland

8.3.10.1 Market Estimates & Forecast, 2020-2027

8.3.10.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.3.10.3 Market Estimates & Forecast, by Application, 2020-2027

8.3.11 Rest of Europe

8.3.11.1 Market Estimates & Forecast, 2020-2027

8.3.11.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.3.11.3 Market Estimates & Forecast, by Application, 2020-2027

8.4 Asia-Pacific

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.4.3 Market Estimates & Forecast, by Application, 2020-2027

8.4.4 China

8.4.4.1 Market Estimates & Forecast, 2020-2027

8.4.4.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.4.4.3 Market Estimates & Forecast, by Application, 2020-2027

8.4.5 India

8.4.5.1 Market Estimates & Forecast, 2020-2027

8.4.5.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.4.5.3 Market Estimates & Forecast, by Application, 2020-2027

8.4.6 Japan

8.4.6.1 Market Estimates & Forecast, 2020-2027

8.4.6.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.4.6.3 Market Estimates & Forecast, by Application, 2020-2027

8.4.7 Australia & New Zealand

8.4.7.1 Market Estimates & Forecast, 2020-2027

8.4.7.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.4.7.3 Market Estimates & Forecast, by Application, 2020-2027

8.4.8 Rest of Asia-Pacific

8.4.8.1 Market Estimates & Forecast, 2020-2027

8.4.8.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.4.8.3 Market Estimates & Forecast, by Application, 2020-2027

8.5 Middle East & Africa

8.5.1 Market Estimates & Forecast, 2020-2027

8.5.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.5.3 Market Estimates & Forecast, by Application, 2020-2027

8.5.4 GCC

8.5.4.1 Market Estimates & Forecast, 2020-2027

8.5.4.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.5.4.3 Market Estimates & Forecast, by Application, 2020-2027

8.5.5 Israel

8.5.5.1 Market Estimates & Forecast, 2020-2027

8.5.5.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.5.5.3 Market Estimates & Forecast, by Application, 2020-2027

8.5.6 North Africa

8.5.6.1 Market Estimates & Forecast, 2020-2027

8.5.6.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.5.6.3 Market Estimates & Forecast, by Application, 2020-2027

8.5.7 Turkey

8.5.7.1 Market Estimates & Forecast, 2020-2027

8.5.7.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.5.7.3 Market Estimates & Forecast, by Application, 2020-2027

8.5.8 Rest of Middle East & Africa

8.5.8.1 Market Estimates & Forecast, 2020-2027

8.5.8.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.5.8.3 Market Estimates & Forecast, by Application, 2020-2027

8.6 Latin America

8.6.1 Market Estimates & Forecast, 2020-2027

8.6.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.6.3 Market Estimates & Forecast, by Application, 2020-2027

8.6.4 Brazil

8.6.4.1 Market Estimates & Forecast, 2020-2027

8.6.4.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.6.4.3 Market Estimates & Forecast, by Application, 2020-2027

8.6.5 Argentina

8.6.5.1 Market Estimates & Forecast, 2020-2027

8.6.5.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.6.5.3 Market Estimates & Forecast, by Application, 2020-2027

8.6.6 Mexico

8.6.6.1 Market Estimates & Forecast, 2020-2027

8.6.6.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.6.6.3 Market Estimates & Forecast, by Application, 2020-2027

8.6.7 Rest of Latin America

8.6.7.1 Market Estimates & Forecast, 2020-2027

8.6.7.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.6.7.3 Market Estimates & Forecast, by Application, 2020-2027

9. Company Landscape

9.1 Introduction

9.2 Market Key Strategies

9.3 Key Development Analysis (Expansion/Merger & Acquisitions/Joint Venture/New Product Development/Agreement/Investment)

10. Company Profiles

10.1 Evonik Industries AG

10.1.1 Company Overview

10.1.2 Financial Updates

10.1.3 Product/Business Segment Overview

10.1.4 Key Strategies

10.1.5 Key Developments

10.1.6 SWOT Analysis

10.2 BASF SE

10.2.1 Company Overview

10.2.2 Financial Updates

10.2.3 Product/Business Segment Overview

10.2.4 Key Strategies

10.2.5 Key Developments

10.2.6 SWOT Analysis

10.3 Huntsman International LLC

10.3.1 Company Overview

10.3.2 Financial Updates

10.3.3 Product/Business Segment Overview

10.3.4 Key Strategies

10.3.5 Key Developments

10.3.6 SWOT Analysis

10.4 Cardolite Corporation

10.4.1 Company Overview

10.4.2 Financial Updates

10.4.3 Product/Business Segment Overview

10.4.4 Key Strategies

10.4.5 Key Developments

10.4.6 SWOT Analysis

10.5 Kukdo Chemical Co., Ltd.

10.5.1 Company Overview

10.5.2 Financial Updates

10.5.3 Product/Business Segment Overview

10.5.4 Key Strategies

10.5.5 Key Developments

10.5.6 SWOT Analysis

10.6 Aditya Birla Chemicals

10.6.1 Company Overview

10.6.2 Financial Updates

10.6.3 Product/Business Segment Overview

10.6.4 Key Strategies

10.6.5 Key Developments

10.6.6 SWOT Analysis

10.7 Mitsubishi Chemical Corporation

10.7.1 Company Overview

10.7.2 Financial Updates

10.7.3 Product/Business Segment Overview

10.7.4 Key Strategies

10.7.5 Key Developments

10.7.6 SWOT Analysis

10.8 Momentive Specialty Chemicals Inc.

10.8.1 Company Overview

10.8.2 Financial Updates

10.8.3 Product/Business Segment Overview

10.8.4 Key Strategies

10.8.5 Key Developments

10.8.6 SWOT Analysis

10.9 The Dow Chemical Company

10.9.1 Company Overview

10.9.2 Financial Updates

10.9.3 Product/Business Segment Overview

10.9.4 Key Strategies

10.9.5 Key Developments

10.9.6 SWOT Analysis

10.10 Air Products and Chemicals, Inc.

10.10.1 Company Overview

10.10.2 Financial Updates

10.10.3 Product/Business Segment Overview

10.10.4 Key Strategies

10.10.5 Key Developments

10.10.6 SWOT Analysis

10.11 Others

11. Conclusion

LIST OF TABLES


Table 1 Global Epoxy Curing Agent Market, by Region, 2020-2027

Table 2 North America: Epoxy Curing Agent Market, by Country, 2020-2027

Table 3 Europe: Epoxy Curing Agent Market, by Country, 2020-2027

Table 4 Asia-Pacific: Epoxy Curing Agent Market, by Country, 2020-2027

Table 5 Middle East & Africa: Epoxy Curing Agent Market, by Country, 2020-2027

Table 6 Latin America: Epoxy Curing Agent Market, by Country, 2020-2027

Table 7 Global Epoxy Curing Agent Product Type Market, by Regions, 2020-2027

Table 8 North America: Epoxy Curing Agent Product Type Market, by Country, 2020-2027

Table 9 Europe: Epoxy Curing Agent Product Type Market, by Country, 2020-2027

Table10 Asia-Pacific: Epoxy Curing Agent Product Type Market, by Country, 2020-2027

Table11 Middle East & Africa: Epoxy Curing Agent Product Type Market, by Country, 2020-2027

Table12 Latin America: Epoxy Curing Agent Product Type Market, by Country, 2020-2027

Table 13 Global Epoxy Curing Agent Application Market, by Regions, 2020-2027

Table14 North America: Epoxy Curing Agent Application Market, by Country, 2020-2027

Table15 Europe: Epoxy Curing Agent Application Market, by Country, 2020-2027

Table16 Asia-Pacific: Epoxy Curing Agent Application Market, by Country, 2020-2027

Table17 Middle East & Africa: Epoxy Curing Agent Application Market, by Country, 2020-2027

Table18 Latin America: Epoxy Curing Agent by Application Market, by Country, 2020-2027

Table19 Global Product Type Market, by Region, 2020-2027

Table20 Global Application Market, by Region, 2020-2027

Table21 North America: Epoxy Curing Agent Market, by Country, 2020-2027

Table22 North America: Epoxy Curing Agent Market, by Product Type, 2020-2027

Table23 North America: Epoxy Curing Agent Market, by Application, 2020-2027

Table24 Europe: Epoxy Curing Agent Market, by Country, 2020-2027

Table25 Europe: Epoxy Curing Agent Market, by Product Type, 2020-2027

Table26 Europe: Epoxy Curing Agent Market, by Application, 2020-2027

Table27 Asia-Pacific: Epoxy Curing Agent Market, by Country, 2020-2027

Table28 Asia-Pacific: Epoxy Curing Agent Market, by Product Type, 2020-2027

Table29 Asia-Pacific: Epoxy Curing Agent Market, by Application, 2020-2027

Table30 Middle East & Africa: Epoxy Curing Agent Market, by Country, 2020-2027

Table31 Middle East & Africa: Epoxy Curing Agent Market, by Product Type, 2020-2027

Table32 Middle East & Africa: Epoxy Curing Agent Market, by Application, 2020-2027

Table33 Latin America: Epoxy Curing Agent Market, by Country, 2020-2027

Table34 Latin America: Epoxy Curing Agent Market, by Product Type, 2020-2027

Table35 Latin America: Epoxy Curing Agent Market, by Application, 2020-2027

LIST OF FIGURES

FIGURE 1 Global Epoxy Curing Agent Market Segmentation

FIGURE 2 Forecast Research Methodology

FIGURE 3 Five Forces Analysis of the Global Epoxy Curing Agent Market

FIGURE 4 Value Chain of the Global Epoxy Curing Agent Market

FIGURE 5 Share of the Global Epoxy Curing Agent Market in 2017, by Country

FIGURE 6 Global Epoxy Curing Agent Market, 2020-2027,

FIGURE 7 Global Epoxy Curing Agent Market Size, by Product Type, 2020

FIGURE 8 Share of the Global Epoxy Curing Agent Market, by Product Type, 2020-2027

FIGURE 9 Global Epoxy Curing Agent Market Size, by Application, 2020

FIGURE10 Share of the Global Epoxy Curing Agent Market, by Application, 2020-2027

Epoxy Curing Agent Market

Epoxy Curing Agent Market is projected to be worth USD 5998.21 million by 2030, registering a CAGR of 6.6% during the forecast period (2021 - 2030).

Segmentation

By Product Type Amines Polyamide Imidazoles Polymercaptan Anhydrides Polymercaptan
By Application Adhesive Coatings Composites Electronics

Key Players

  • Evonik Industries AG
  • BASF SE
  • Huntsman International LLC
  • Cardolite Corporation
  • Kukdo Chemical Co. Ltd.
  • Aditya Birla Chemicals
  • Mitsubishi Chemical Corporation
  • Momentive Specialty Chemicals Inc.
  • The Dow Chemical Company
  • Air Products and Chemicals Inc.

Drivers

  • Increasing demand for epoxy curing agents from their application in adhesive and coating.
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Epoxy Curing Agent Market Overview:


The Epoxy Curing Agent Market is expected to witness growth with a CAGR of over 6.6% with significant growth of over 5 billion during the review period.


The process of the linear epoxy resin with appropriate curatives to form three-dimensional cross-linked thermoset structures is known as epoxy curing. Epoxy curing agents provide an excellent bonding property even after curing. It offers excellent mechanical strength, electrical insulation, and high chemical resistance. Additionally, epoxy resins can provide various properties as they are combined and cured composed with different curing agents. Curing of epoxy resins is an exothermic reaction and, in some cases, produces enough heat to cause thermal degradation if not controlled. After curing, epoxy resin has excellent properties on mechanical strength, chemical resistance, and electrical insulation.


The Epoxy Curing Agent Market is primarily driven by increasing demand for epoxy curing agents from their application in adhesive and coating. In addition, the rise in demand for adhesives in the construction industry is further expected to dominate the market for Epoxy Curing Agent Market in the review period. Thus, the construction industry will have a positive impact on Epoxy Curing Agent Market. For instance, in the construction industry, the tertiary and secondary amines, imidazoles, and polysulfide resins are used to produce adhesive or thermosetting adhesives, which provides superior strength and environmental resistance, are widely used across the construction industry. Additionally, amines are vastly used for forming high solid coatings, which not only emits low volume of VOCs; they also offer high corrosion resistance, edge retention, and coating thickness. These high solid coatings are used across the military sector on tanks, well deck overheads, and topside surfaces. They are also used in factories and commercial spaces to mark directions, warning signs, and others. Thus, owing to these factors the Epoxy Curing Agent Market is expected to gain major traction in terms of both value and volume during the forecast period.


However, the availability of substitutes for epoxy curing agents, environmental regulations, and cost of the production process serve as a major restraining factor in the growth of Epoxy Curing Agent Market during the review period.


Regional Analysis:


Asia-Pacific is the largest market for epoxy curing agent due to increasing demand in construction in the region, coupled with the growing demand of the consumers towards electronics devices and its increasing growth across the region. The developing countries such as China, India, Japan, South Korea, and other South-East Asian countries are investing heavily towards construction activities, which is likely to fuel the demand for the Epoxy Curing Agent Market during the forecast period. Owing to the increasing demand for coatings, adhesives, and composites in India, Taiwan, and South Korea is a major factor for the upsurge growth of the Epoxy Curing Agent Market in Asia-Pacific.


Asia-Pacific is trailed by North America, which is the second-largest region in the Epoxy Curing Agent Market. The growth of the market in this region is attributed to the growth of infrastructure development in the region. The increase in the number of non-residential construction which has grown by 4.1% in 2018, from 2017, which is coupled with the primary application for epoxy curing agents in the region is expected to boost the market in North America. Europe is another substantial market after North America in the Epoxy Curing Agent Market. The electrical and electronics industry majorly drive the demand for the product in this region.


Latin America and the Middle East & Africa is expected to witness moderate growth in the Epoxy Curing Agent Market during the forecast period mainly due to the applications of epoxy curing agent in end-use industries such as construction and electronics industry.


Segmentation Analysis:


The Epoxy Curing Agent Market has been segmented based on Product Type, Application, and Region.


Based on Product Type, the Epoxy Curing Agent Market has been categorized into amines, polyamide, imidazoles, polymercaptan, anhydrides, polymercaptan, and others.


Based on Application, the Epoxy Curing Agent Market has been classified into adhesive, coatings, composites, electronics, and others.


The Epoxy Curing Agent Market, by Region, has been segregated into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.


Key Players:


Some of the key players operating in the Epoxy Curing Agent Market are Evonik Industries AG, BASF SE, Huntsman International LLC, Cardolite Corporation, Kukdo Chemical Co., Ltd., Aditya Birla Chemicals, Mitsubishi Chemical Corporation,  Momentive Specialty Chemicals Inc., The Dow Chemical Company, Air Products and Chemicals, Inc., and others.

Recent Development
• June 2021-
A producer of suspension components for light commercial vehicles, Rassini, has mentioned the usage of an EPIKOTE epoxy resin system from Ohio-based company Hexion Inc. for an advanced rear suspension system usually seen in Ford Motor Co.’s latest 2021 F-150 pickup truck model. Ressini has built the automobile model’s hybrid rear suspension that comprises a parabolic main steel leaf supported with a combined helper spring, at the plant located Piedras Negras, Mexico. Ressini says that with this hybrid suspension, the same durability and stiffness are achieved as a conventional multi-steel leaf spring pack, with a reduction in weight of over 16 kilograms. Additionally, to increase the vehicle’s payload and reduce carbon footprint, the firm states that the composite component offers less friction and noise and a smoother engagement.
Rassini’s composite assistant spring is built on brand-new high-pressure resin transfer molding (HP-RTM) lines installed at the company’s plant in Piedras Negras. With this premeditated move, the organization secured the leading position in the market technologically. The company said in a statement that they have EPIKOTE resin TRAC 06150 by Hexion with EPIKURE curing agent TRAC 06150 epoxy resin system as it provides the ability to mass-produce the composite helper spring. Ressini clarified in the statement that EPIKOTE resin TRAC 06720 binder is quite mandatory for automatic performing of a substantial directional stack of fabric plies and fabric stabilization and is consistent with the fast-cure resin system.


Target Audience:



  • Epoxy curing agent manufacturers

  • Traders and distributors of epoxy curing agent

  • Research and development institute

  • Potential investors

  • Raw material suppliers

  • National laboratory



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2027: USD 5 Billion
  • 2030 : Significant value
  •   CAGR   6.6%(2022 to 2030)
      Base Year   2021
      Forecast Period   2022 to 2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Billion)
      Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   By Product Type, Application and Region
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Evonik Industries AG, BASF SE, Huntsman International LLC, Cardolite Corporation, Kukdo Chemical Co., Ltd., Aditya Birla Chemicals, Mitsubishi Chemical Corporation, Momentive Specialty Chemicals Inc., The Dow Chemical Company, Air Products and Chemicals, Inc., and others.
      Key Market Opportunities   The rise in demand for adhesives in the construction industry is further expected
      Key Market Drivers   increasing demand for epoxy curing agents from their application in adhesive and coating.


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