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Epoxy Curing Agent Market Size (2024 - 2029)

The Epoxy Curing Agent Market is projected to experience growth over the forecast period, driven by increasing demand in the building and construction sector, advancements in lightweight composite materials, and rising use in the electronics industry. Despite challenges posed by environmental regulations on amine-based curing agents, the market is expected to expand, with opportunities arising from the development of eco-friendly alternatives. The Asia-Pacific region is anticipated to lead in market consumption, particularly in countries like China and India.

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Market Size of Epoxy Curing Agent Industry

Epoxy Curing Agent Market Summary
Study Period 2019-2029
Market Size (2024) USD 4.29 Billion
Market Size (2029) USD 5.45 Billion
CAGR (2024 - 2029) 4.85 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Epoxy Curing Agent Market Major Players

*Disclaimer: Major Players sorted in no particular order

Epoxy Curing Agent Market Analysis

The Epoxy Curing Agent Market size is estimated at USD 4.29 billion in 2024, and is expected to reach USD 5.45 billion by 2029, growing at a CAGR of 4.85% during the forecast period (2024-2029).

  • The COVID-19 pandemic had a negative impact on the market in 2020. However, the market has now reached pre-pandemic levels, and it is expected to grow at a steady pace in the forecast period.
  • The increasing demand from the building and construction industry, new developments in lightweight composite materials, and growing demand for epoxy curing agents in the electronics industry are the major factors driving the demand for the studied market.
  • However, environmental regulations on amine-based curing agents are expected to hinder the market's growth. Developing new eco-friendly epoxy curing agents will provide numerous opportunities for manufacturers over the forecast period.
  • The Asia-Pacific region is expected to dominate the market, with the most prominent consumption trends registered in countries such as China and India.

Epoxy Curing Agent Industry Segmentation

Epoxy curing agents are amine-based chemicals that react with epoxy resin to form a 3D crosslinked system. They are available in various forms, including amines, polyamides, and anhydrides. Epoxy-curing agents offer a number of advantages, including high abrasion and chemical resistance, enhanced mechanical properties, improved corrosion protection, low outgassing levels, and the ability to cure at low temperatures. They are also easy to use and offer flexibility and high performance. As a result, epoxy curing agents are widely used in various industries, including automotive, construction, oil and gas, transportation, marine, electronics, and aerospace.

The epoxy curing agent market is segmented by type, application, and geography. The market is segmented by type into amines, polyamides, anhydrides, and other types. Based on application, the market is segmented into composites, paints and coatings, adhesives and sealants, electrical and electronics, and other applications. The report also covers the market sizes and forecasts for the epoxy curing agents market in 15 countries across major regions.

For each segment, the market sizing and forecasts have been done based on revenue (USD).

Type
Amines
Polyamides
Anhydrides
Other Types (Amidoamine, Phenalkamine )
Application
Composites
Paints and Coatings
Adhesives and Sealants
Electrical and Electronics
Other Applications (Repairs)
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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Epoxy Curing Agent Market Size Summary

The epoxy curing agent market is poised for steady growth, driven by increasing demand from the building and construction sector, advancements in lightweight composite materials, and the expanding electronics industry. The market has rebounded to pre-pandemic levels and is expected to continue its upward trajectory over the forecast period. However, the growth may be tempered by environmental regulations concerning amine-based curing agents, presenting both challenges and opportunities for the development of eco-friendly alternatives. The Asia-Pacific region, particularly China and India, is anticipated to lead in market consumption, supported by robust industrial activities and infrastructure developments.

Epoxy curing agents play a crucial role in the production of adhesives, sealants, paints, coatings, and composites, with the paints and coatings industry experiencing significant growth due to rising demand from automotive and construction sectors. This demand has prompted global and domestic companies to expand their production capacities, as seen in recent investments by Nippon Paint Holdings and BASF Coatings. The construction boom, especially in China, India, and the United States, is expected to further drive the demand for epoxy resins. Additionally, the electronics sector's growth in the Asia-Pacific region, particularly in China and India, is set to enhance the market for epoxy curing agents. The market is characterized by the presence of major multinational players, with ongoing expansions and acquisitions shaping its competitive landscape.

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Epoxy Curing Agent Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand from the Building and Construction Industry

      2. 1.1.2 New Developments in Lightweight Composite Materials

      3. 1.1.3 Growing Demand for Epoxy Curing Agents in the Electronics Industry

    2. 1.2 Restraints

      1. 1.2.1 Environmental Regulations on Amine-based Curing Agents

      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 Consumers

      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. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Type

      1. 2.1.1 Amines

      2. 2.1.2 Polyamides

      3. 2.1.3 Anhydrides

      4. 2.1.4 Other Types (Amidoamine, Phenalkamine )

    2. 2.2 Application

      1. 2.2.1 Composites

      2. 2.2.2 Paints and Coatings

      3. 2.2.3 Adhesives and Sealants

      4. 2.2.4 Electrical and Electronics

      5. 2.2.5 Other Applications (Repairs)

    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

Epoxy Curing Agent Market Size FAQs

The Epoxy Curing Agent Market size is expected to reach USD 4.29 billion in 2024 and grow at a CAGR of 4.85% to reach USD 5.45 billion by 2029.

In 2024, the Epoxy Curing Agent Market size is expected to reach USD 4.29 billion.

Epoxy Curing Agent Market Report Snapshots

Epoxy Curing Agent Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)