Who are the key players in Curing Agent Market?

BASF SE, Hexion, Olin Corporation, Mitsubishi Chemical Corporation and Evonik Industries AG are the major companies operating in the Curing Agent Market. Read More

Which is the fastest growing region in Curing Agent Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Curing Agent Market?

In 2024, the Asia Pacific accounts for the largest market share in Curing Agent Market. Read More

What years does this Curing Agent Market cover, and what was the market size in 2023?

In 2023, the Curing Agent Market size was estimated at USD 6.82 billion. The report covers the Curing Agent Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Curing Agent Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Curing Agent Market Size

Market Size of Curing Agent Industry

Study Period	2019 - 2029
Market Size (2024)	USD 7.17 Billion
Market Size (2029)	USD 9.23 Billion
CAGR (2024 - 2029)	5.16 %
Fastest Growing Market	Asia Pacific
Largest Market	Asia Pacific
Market Concentration	Medium
Major Players *Disclaimer: Major Players sorted in no particular order

Curing Agent Market Analysis

The Curing Agent Market size is estimated at USD 7.17 billion in 2024, and is expected to reach USD 9.23 billion by 2029, growing at a CAGR of 5.16% during the forecast period (2024-2029).

The curing agent market was negatively impacted by the COVID-19 pandemic as there was a slowdown in production and mobility wherein industries, such as paints and coatings, building and construction, etc., were forced to delay their production due to containment measures and economic disruptions. Currently, the market has recovered from the pandemic. The market reached pre-pandemic levels in 2022 and is expected to grow steadily in the future.

The increasing demand from the paints and coatings and building and construction industries is expected to fuel market growth.

However, stringent environmental regulations associated with curing agents to reduce volatile organic compounds (VOC) emissions are anticipated to hamper market expansion.

The development of environmentally friendly low or non-VOC agents is expected to provide opportunities for the market to flourish.

The Asia-Pacific region dominated the market around the world, with countries like China, India, and Japan being the biggest consumers.

Curing Agent Industry Segmentation

A curing agent is a substance that is used to harden a surface or material, which is applied to polymer surfaces to facilitate the bonding of the molecular components of the material. Curing agents are used in several applications, such as the hardening of material, or they act as initiator agents to only begin the necessary hardening reactions. Curing agents are significantly used in the paints and coatings industry, the construction sector, etc.

The curing agent market is segmented by type, application, and geography. By type, the market is segmented into epoxy, polyurethane, rubber, acrylic, and other types (silicone, etc.). By application, the market is segmented into building and construction, composites, paints and coatings, adhesives and sealants, electrical and electronics, and other applications (wind energy, etc.). The report also covers the market size and forecasts for the market in 15 countries across the globe.

For each segment, the market sizing and forecasts have been done on the basis of value (USD).

Type
		Epoxy
		Polyurethane
		Rubber
		Acrylic
		Other Types (Silicone, etc.)

By Application
		Building and Construction
		Composites
		Paints and Coatings
		Adhesives and Sealants
		Electrical and Electronics
		Other Applications (Wind Energy, etc.)

Geography

Asia-Pacific
	China
	India
	Japan
	South Korea
	Rest of Asia-Pacific

North America
	United States
	Canada
	Mexico

Europe
	Germany
	United Kingdom
	Italy
	France
	Rest of Europe

South America
	Brazil
	Argentina
	Rest of South America

Middle East and Africa
	Saudi Arabia
	South Africa
	Rest of Middle East and Africa

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Curing Agent Market Size Summary

The curing agent market is poised for steady growth, recovering from the setbacks caused by the COVID-19 pandemic, which had led to production slowdowns in key industries such as paints and coatings, and building and construction. The market has rebounded to pre-pandemic levels and is expected to continue expanding, driven by increasing demand from these sectors. However, the growth trajectory may be challenged by stringent environmental regulations aimed at reducing volatile organic compound emissions. Despite these challenges, the development of environmentally friendly low or non-VOC curing agents presents significant opportunities for market expansion. The Asia-Pacific region, particularly countries like China, India, and Japan, dominates the global market, fueled by robust industrial activities and a burgeoning construction sector.

Epoxy curing agents are anticipated to hold a significant share of the market due to their versatile applications, especially in the construction industry, where they are used for their environmental resistance and strength. These agents are integral in producing lightweight composites and are extensively used in concrete protection and waterproofing applications. The Asia-Pacific region's construction industry, the largest globally, is a major driver of demand for curing agents, with significant contributions from China and India. The region's expanding paints and coatings industry further bolsters market growth, attracting investments from leading global manufacturers. The market's partially fragmented nature sees major players like BASF SE, Hexion, and Mitsubishi Chemical Corporation actively participating, with recent developments indicating a focus on meeting the growing demand for epoxy resins and curing agents.

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Curing Agent Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Drivers
  1. 1.1.1 Increasing Demand from the Paints and Coatings Industry
  2. 1.1.2 Growing Demand for Epoxy Curing Agents in Building and Construction Industry
  3. 1.1.3 Other Drivers
2. 1.2 Restraints
  1. 1.2.1 Stringent Environmental Regulations
  2. 1.2.2 Other Restraints
3. 1.3 Industry Value Chain Analysis
4. 1.4 Porter's Five Forces Analysis
  1. 1.4.1 Bargaining Power of Suppliers
  2. 1.4.2 Bargaining Power of Buyers
  3. 1.4.3 Threat of New Entrants
  4. 1.4.4 Threat of Substitute Products and Services
  5. 1.4.5 Degree of Competition
2. MARKET SEGMENTATION (Market Size in Value)
1. 2.1 Type
  1. 2.1.1 Epoxy
  2. 2.1.2 Polyurethane
  3. 2.1.3 Rubber
  4. 2.1.4 Acrylic
  5. 2.1.5 Other Types (Silicone, etc.)
2. 2.2 By Application
  1. 2.2.1 Building and Construction
  2. 2.2.2 Composites
  3. 2.2.3 Paints and Coatings
  4. 2.2.4 Adhesives and Sealants
  5. 2.2.5 Electrical and Electronics
  6. 2.2.6 Other Applications (Wind Energy, etc.)
3. 2.3 Geography
  1. 2.3.1 Asia-Pacific
    1. 2.3.1.1 China
    2. 2.3.1.2 India
    3. 2.3.1.3 Japan
    4. 2.3.1.4 South Korea
    5. 2.3.1.5 Rest of Asia-Pacific
  2. 2.3.2 North America
    1. 2.3.2.1 United States
    2. 2.3.2.2 Canada
    3. 2.3.2.3 Mexico
  3. 2.3.3 Europe
    1. 2.3.3.1 Germany
    2. 2.3.3.2 United Kingdom
    3. 2.3.3.3 Italy
    4. 2.3.3.4 France
    5. 2.3.3.5 Rest of Europe
  4. 2.3.4 South America
    1. 2.3.4.1 Brazil
    2. 2.3.4.2 Argentina
    3. 2.3.4.3 Rest of South America
  5. 2.3.5 Middle East and Africa
    1. 2.3.5.1 Saudi Arabia
    2. 2.3.5.2 South Africa
    3. 2.3.5.3 Rest of Middle East and Africa