Report Overview

Global Epoxy Curing Agents Market- Industry Trends & Forecast Report 2027

The global epoxy curing agents market was worth USD 3.9 billion in 2020 and is further projected to reach USD 5.3 billion by the year 2027, growing at a CAGR of 4.7% in the forecast period. The increasing demand for epoxy curing agents in the building and construction industry for paint and coating purposes is significantly propelling the growth of the market. Growth of the epoxy curing agents market is also being driven by the burgeoning demand for its products in the medical industry for various products such as incubators and others.

Source: BlueWeave Consulting

Global Epoxy Curing Agents Market- Overview

Epoxy curing agents react with the epoxide groups to cure epoxy resins. Alternatively, they catalyze the self-polymerization of the epoxy group for curing epoxy resins.These curing agents are mainly used as coatings and as components in finished goods, such as adhesives or composites. Epoxy curing agents can cure at room temperature but also have excellent heat and chemical resistance properties. As a result, these materials are becoming more popular as structural and technical adhesives. Epoxy curing agents are commonly used in the manufacturing of vehicles, snowboards, and aircraft, among other things.

Global Epoxy Curing Agents Market Forecast and Trends

Growth Drivers

Expanding Demand for Epoxy Curing inthe Construction Industry

The growing use of epoxy curing agents in the building and construction industry is one of the major factors driving the growth of the global epoxy curing agents market. Epoxy curing is becoming more popular for coating applications during the construction of buildings and other facilities, as it provides the requisite hardness, strong adhesion, chemical and heat resistance, and other features needed to make the building sturdy.Epoxy curing agentsmarket is expected to flourish during the forecast period as construction activities for economic growth expand, especially in emerging economies.

Advancements in Epoxy Curing Coatings

Epoxy curing agents are finding new applications in various industries, and as a result, recent advancements are being made to fulfill the needs of their end-users.For instance, In 2020, a two-component epoxy polyamide coating was replaced with a single-component epoxy coating with epoxy-amine reactive functionality and good shelf life and corrosion resistance.The new generation single-pack epoxy coatings have the edge over their predecessors as they offer better color stability, enhanced productivity, and faster coat and recoat times. Such advancements are significantly propelling the demand for epoxy curing in the end-user industries.

Restraints

Potential Health Effects from Overexposure to Epoxy Curing Agents and Fluctuating Prices of Raw Materials and

Epoxy curing agents are harmful chemicals. Direct exposure to it for a prolonged period may cause serious health issues, significantly restricting market growth, especially when environmental concerns are increasingly taking center stage.When epoxy fumes are inhaled for a prolonged period, they can affect the nose, throat, and lungs, causing inflammation.The repeated and high amounts of exposure can also trigger sensitization and asthma.Besides posing considerable risks to health, these kinds of risks also affect the adoption of this product and, ultimately, the market growth.

Additionally, high fluctuation in the prices of raw materials for epoxies can be a stifling factor for the growth of the epoxy curing agents market.Manufacturers are unable to generate an adequate profit margin andmay also cease their operations until prices stabilize.

Impact of COVID-19 on Global Epoxy Curing Agents Market

The COVID-19 pandemic has had a negative impact on the global epoxy curing agents market. The operation of several industries, such as manufacturing and construction, was entirely suspended, resulting in a significant drop in demand for epoxy curing agents, resulting in only losses for the manufacturers.Additionally, lockdown protocols in several countries led to the suspension of production and distribution of epoxy curing agents, which caused severe losses to the market. However, the market is projected to recover quickly in the post-COVID-19 period as the economic activities resume.

Global Epoxy Curing Agents Market - By Type

Based on types, the global epoxy curing agents market is segmented into amine-based curing agents, anhydride curing agents, and other curing agents. The anime-based curing agents accounted for the largest market share in 2020. This segment is further classified into aliphatic amine curing agents, cycloaliphatic amine curing agents, polyamide curing agents, amidoamines curing agents, and other amines-based curing agents. Among these subtypes, the demand for aliphatic amine curing agents has the largest market share because of its wide application in the cartilage health and electronics industry.

Global Epoxy Curing Agents Market - By Application

Based on application, the global epoxy curing agents market is segmented into construction, electrical & electronics, wind energy, adhesives, coatings, composites, and other applications. Among these, the coatings hold the largest market share asepoxy curing proves to be extremely tough as a protective coating, ensuring excellent hardness.Epoxy curing agents are increasingly being used as coatings in the automotive industry since they are primarily designed for heavy-duty operations and offer effective heat resistance to vehicles, driving market expansion.

Global Epoxy Curing Agents Market - Regional Insights

Geographically, the global epoxy curing agents market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. The Asia-Pacific region dominates the market and is also projected to witness the highest CAGR during the forecast period. The substantial concentration of large-scale industrial activity in this region drives up demand for epoxy curing agents.Furthermore, the growing construction activities in Asia Pacific’s emerging economies are also driving the global epoxy curing agents market growth.

Source: BlueWeave Consulting

Competitive Landscape

The leading players in the global epoxy curing agents market are Epoxy Base Electronic Material Co. Ltd., Evonik Industries, Atul Limited, Air Products and Chemicals, Inc., Mitsubishi Chemical Corporation, Hexion Inc., Aditya Birla Chemicals (Thailand) Ltd., BASF SE, Kukdo Chemical Co., Ltd., Huntsman Corporation, Cardolite Corporation, Olin Corporation, Epochemie - Epoxy Curing Agents, Kumho P&B Chemicals Inc., Shandong Deyuan Epoxy Resin Co. Ltd, Toray Industries Inc., DuPont, ThreeBond Holdings Co., Saint-Gobain, and other prominent players.

The market is highly fragmented with the presence of various global and regional market players. The companies significantly focus on research and development activities as well as product launches to cater to the needs of various industries. Furthermore, the adoption of competitive strategies like mergers, acquisitions, partnerships, collaborations, etc., is also very prominent in this market.

Recent Developments

• In June 2021, Aditya Birla Group, an Indian corporate group company, announced its plans to increase its business capacity through brownfield expansion, which includes standard and specialty epoxy products and curing agents.
• In January 2021, Huntsman Corporation, a US-based chemical industry company, announced the acquisition of Gabriel Performance Products, a leading epoxy, and specialty chemical manufacturing company.

Scope of the Report

By Type

• Amine-Based Curing Agents

1. Aliphatic Amine Curing Agents
2. Cycloaliphatic Amine Curing Agents
3. Polyamide Curing Agents
4. Amidoamines Curing Agents
5. Other Amines-Based Curing Agents

• Anhydride Curing Agents
• Other Curing Agents

By Application

• Construction
• Electrical & Electronics
• Wind Energy
• Adhesives
• Coatings
• Composites
• Other Applications

1. Elastomers
2. Additives
3. Accelerators

By Region

• North America
• Europe
• The Asia-Pacific
• Latin America
• The Middle East & Africa

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Key Market Segments
2. Research Methodology
   1. Qualitative Research
   2. Methodology
   3. Regional Split of Primary & Secondary Research
   4. Secondary Research
   5. Primary Research
      1. Breakdown of Primary Research Respondents, By Region
      2. Breakdown of Primary Research Respondents, By Industry Participants
   6. Market Size Estimation
   7. Assumptions for the Study
   8. Market Breakdown & Data Triangulation
3. Executive Summary
4. Industry Insight and Growth Strategy
   1. Value Chain Analysis
   2. DROC Analysis
      1. Market Drivers
         1. Expanding Demand for Epoxy Curing in Construction Industry
         2. Advancements in Epoxy Curing Coatings
      2. Market Restraints
         1. Potential Health Effects from Overexposure to Epoxy Curing Agents
      3. Market Challenges
         1. Negative Influence of the COVID-19
      4. Market Opportunity
         1. Expanding Epoxy Curing Agents Application In Wind Energy Sector
         2. Significantly Growth Potential in Emerging Economies
   3. Recent Developments
   4. Porter’s Five Forces Analysis
      1. Bargaining Power of Buyers
      2. Bargaining Power of Suppliers
      3. Intensity of Rivalry
      4. Threat of New Entrants
      5. Threat of Substitutes
5. Global Epoxy Curing Agents Market Overview
   1. Market Size & Forecast by Value, 2017-2027
   2. Market Size and Forecast, By Segment
      1. By Type
         1. Amine-Based Curing Agents
            1. Aliphatic Amine Curing Agents
            2. Cycloaliphatic Amine Curing Agents
            3. Polyamide Curing Agents
            4. Amidoamines Curing Agents
            5. Other Amines-Based Curing Agents
         2. Anhydride Curing Agents
         3. Other Curing Agents
      2. By Application
         1. Construction
         2. Electrical & Electronics
         3. Wind Energy
         4. Adhesives
         5. Coatings
         6. Composites
         7. Other Applications
            1. Elastomers
            2. Additives
            3. Accelerators
      3. By Region
         1. North America
         2. Europe
         3.  The Asia-Pacific
         4. Latin America
         5. The Middle East & Africa
6. North America Epoxy Curing Agents Market Overview
   1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
   2. Market Share and Forecast
      1. By Type
      2. By Application
      3. By Country
         1. U.S.
         2. Canada
7. Europe Epoxy Curing Agents Market Overview
   1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
   2. Market Share and Forecast
      1. By Type
      2. By Application
      3. By Country
         1. Germany
         2. U.K.
         3. Russia
         4. France
         5. Italy
         6. Spain
         7. Rest of Europe
8. APAC Epoxy Curing Agents Market Overview
   1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
   2. Market Share and Forecast
      1. By Type
      2. By Application
      3. By Country
         1. China
         2. India
         3. Japan
         4. South Korea
         5. Rest of APAC
9. LATAM Epoxy Curing Agents Market Overview
   1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
   2. Market Share and Forecast
      1. By Type
      2. By Application
      3. By Country
         1. Mexico
         2. Brazil
         3. Rest of LATAM
10.  MEA Epoxy Curing Agents Market Overview
    1. Market Size and Forecast
       1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
    3. By Type
    4. By Application
    5. By Country
       1. Saudi Arabia
       2. UAE
       3. South Africa
       4. Rest of MEA
11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis (2020)
    3. Competitive Benchmarking By Operating Parameters
12. Impact of COVID-19 on Global Epoxy Curing Agents Market
13. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
    1. Epoxy Base Electronic Material Co. Ltd.
    2. Evonik Industries
    3. Atul Limited
    4. Air Products and Chemicals, Inc.
    5. Mitsubishi Chemical Corporation
    6. Hexion Inc.
    7. Aditya Birla Chemicals (Thailand) Ltd.
    8. BASF SE
    9. Kukdo Chemical Co., Ltd.
    10. Huntsman Corporation
    11. Cardolite Corporation
    12. Olin Corporation
    13. Epochemie - Epoxy Curing Agents
    14. Kumho P&B Chemicals Inc.
    15. Shandong Deyuan Epoxy Resin Co. Ltd
    16. Toray Industries Inc.
    17. DuPont
    18. ThreeBond Holdings Co.
    19. Saint-Gobain
    20. Other Prominent Players
14. Key Strategic Recommendations

List of Figures

Figure 1: Global Epoxy Curing Agents Market Segmentation

Figure 2: Global Epoxy Curing Agents Market Value Chain Analysis,

Figure 3: Company Market Share Analysis, 2020

Figure 4: Global Epoxy Curing Agents Market Size, By Value (USD Billion), 2017-2027

Figure 5: Global Epoxy Curing Agents Market Share (%), By Type, By Value, 2017-2027

Figure 6: Global Epoxy Curing Agents Market Share (%), By Application, By Value, 2017-2027

Figure 7: Global Epoxy Curing Agents Market Share (%), By Region, By Value, 2017-2027

Figure 8: North America Epoxy Curing Agents Market Size, By Value (USD Billion), 2017-2027

Figure 9: North America Epoxy Curing Agents Market Share (%), By Type, By Value, 2017-2027

Figure 10: North America Epoxy Curing Agents Market Share (%), By Application, By Value, 2017-2027

Figure 11: North America Epoxy Curing Agents Market Share (%), By Country, By Value, 2017-2027

Figure 12: Europe Epoxy Curing Agents Market Size, By Value (USD Billion), 2017-2027

Figure 13: Europe Epoxy Curing Agents Market Share (%), By Type, By Value, 2017-2027

Figure 14: Europe Epoxy Curing Agents Market Share (%), By Application, By Value, 2017-2027

Figure 15: Europe Epoxy Curing Agents Market Share (%), By Country, By Value, 2017-2027

Figure 16: the Asia-Pacific Epoxy Curing Agents Market Size, By Value (USD Billion), 2017-2027

Figure 17: the Asia-Pacific Epoxy Curing Agents Market Share (%), By Type, By Value, 2017-2027

Figure 18: the Asia-Pacific Epoxy Curing Agents Market Share (%), By Application, By Value, 2017-2027

Figure 19: Asia-Pacific Epoxy Curing Agents Market Share (%), By Country, By Value, 2017-2027

Figure 20: Latin America Epoxy Curing Agents Market Size, By Value (USD Billion), 2017-2027

Figure 21: Latin America Epoxy Curing Agents Market Share (%), By Type, By Value, 2017-2027

Figure 22: Latin America Epoxy Curing Agents Market Share (%), By Application, By Value, 2017-2027

Figure 23: Latin America Epoxy Curing Agents Market Share (%), By Country, By Value, 2017-2027

Figure 24: Middle East & Africa Epoxy Curing Agents Market Size, By Value (USD Billion), 2017-2027

Figure 25: Middle East & Africa Epoxy Curing Agents Market Share (%), By Type, By Value, 2017-2027

Figure 26: Middle East & Africa Epoxy Curing Agents Market Share (%), By Application, By Value, 2017-2027

Figure 27: Middle East & Africa Epoxy Curing Agents Market Share (%), By Region, By Value, 2017-2027

List of Tables

Table 1: Global Epoxy Curing Agents Market Size, By Type, By Value, 2017-2027

Table 2: Global Epoxy Curing Agents Market Size, By Application, By Value (USD Billion), 2017-2027

Table 3: Global Epoxy Curing Agents Market Size, By Region, By Value (USD Billion), 2017-2027

Table 4: North America Epoxy Curing Agents Market Size, By Type, By Value (USD Billion), 2017-2027

Table 5: North America Epoxy Curing Agents Market Size, By Application, By Value (USD Billion), 2017-2027

Table 6: North America Epoxy Curing Agents Market Size, By Country, By Value (USD Billion), 2017-2027

Table 7: Europe Epoxy Curing Agents Market Size, By Type, By Value (USD Billion), 2017-2027

Table 8: Europe Epoxy Curing Agents Market Size, By Application, By Value (USD Billion), 2017-2027

Table 9: Europe Epoxy Curing Agents Market Size, By Country, By Value (USD Billion), 2017-2027

Table 10: the Asia-Pacific Epoxy Curing Agents Market Size, By Type, By Value (USD Billion), 2017-2027

Table 11: the Asia-Pacific Epoxy Curing Agents Market Size, By Application, By Value (USD Billion), 2017-2027

Table 12: the Asia-Pacific Epoxy Curing Agents Market Size, By Country, By Value (USD Billion), 2017-2027

Table 13: Latin America Epoxy Curing Agents Market Size, By Type, By Value (USD Billion), 2017-2027

Table 14: Latin America Epoxy Curing Agents Market Size, By Application, By Value (USD Billion), 2017-2027

Table 15: Latin America Epoxy Curing Agents Market Size, By Country, By Value (USD Billion), 2017-2027

Table 16: The Middle-East & Africa Epoxy Curing Agents Market Size, By Type, By Value (USD Billion), 2017-2027

Table 17: The Middle-East & Africa Epoxy Curing Agents Market Size, By Application, By Value (USD Billion), 2017-2027

Table 18: The Middle-East & Africa Epoxy Curing Agents Market Size, By Country, By Value (USD Billion), 2017-2027

Table 19: Epoxy Base Electronic Material Co. Ltd. Financial Analysis

Table 20: Epoxy Base Electronic Material Co. Ltd. Business Overview

Table 21: Evonik Industries Financial Analysis

Table 22: Evonik IndustriesBusiness Overview

Table 23: Atul Limited Corporation Financial Analysis

Table 24: Atul Limited Corporation Business Overview

Table 25: Air Products and Chemicals, Inc.Financial Analysis

Table 26: Air Products and Chemicals, Inc.Business Overview

Table 27: Mitsubishi Chemical CorporationFinancial Analysis

Table 28: Mitsubishi Chemical CorporationBusiness Overview

Table 29: Hexion Inc. Financial Analysis

Table 30: Hexion Inc. Business Overview

Table 31: Aditya Birla Chemicals (Thailand) Ltd.  Financial Analysis

Table 32: Aditya Birla Chemicals (Thailand) Ltd.  Business Overview

Table 33: BASF SE Financial Analysis

Table 34: BASF SE Business Overview

Table 35: Kukdo Chemical Co., Ltd.Financial Analysis

Table 36: Kukdo Chemical Co., Ltd.Business Overview

Table 37: Huntsman Corporation Financial Analysis

Table 38: Huntsman Corporation Business Overview

Table 39: Cardolite CorporationFinancial Analysis

Table 40: Cardolite Corporation Financial Analysis

Table 41: Olin CorporationFinancial Analysis

Table 42: Olin Corporation Financial Analysis

Table 43: Epochemie - Epoxy Curing AgentsFinancial Analysis

Table 44: Epochemie - Epoxy Curing Agents Financial Analysis

Table 45: Kumho P&B Chemicals Inc.Financial Analysis

Table 46: Kumho P&B Chemicals Inc. Financial Analysis

Table 47: Shandong Deyuan Epoxy Resin Co. LtdFinancial Analysis

Table 48: Shandong Deyuan Epoxy Resin Co. Ltd Financial Analysis

Table 49: Toray Industries Inc.Financial Analysis

Table 50: Toray Industries Inc. Financial Analysis

Table 51: DuPontFinancial Analysis

Table 52: DuPont Financial Analysis

Table 53: ThreeBond Holdings Co.Financial Analysis

Table 54: ThreeBond Holdings Co. Financial Analysis

Table 55: Saint-GobainFinancial Analysis

Table 56: Saint-Gobain Financial Analysis