Epoxy Curing Agents Market Size, Share, Growth Analysis, By Type(Amines, Polyamides, Anhydrides, and Other Types (Amidoamine), By Application(coatings, adhesives, composites, electrical and electronics), By End User(construction, automotive, electrical and electronics, aerospace), By Region - Industry Forecast 2024-2031

Report ID: SQMIG15A2234 | Region: Global | Published Date: March, 2024
Pages: 184 | Tables: 100 | Figures: 76

Epoxy Curing Agents Market News

To create specialized amines, BASF enlarged its Geismar, Louisiana facility in December 2023. The business is able to produce more amine catalysts and polyetheramines, such as Baxxodur (R) and Lupragen TM.
Aditya Birla Management Corporation Pvt. Ltd. began selling paints in September 2023 under the "Birla Opus" brand. It provided the entire line of premium items in the decorative paints market.
Toppan, Mitsui Chemicals Tohcello, and Mitsui Chemicals will begin pilot testing in August 2023 to recycle printed BOPP film horizontally and create new flexible packaging. The goal of this cooperative endeavor is to set up infrastructure and recycling technologies.
Westlake Corporation debuted its new AZURES product range in March 2023 at the European Coatings Show in Nuremberg, Germany. Westlake Epoxy provides SVHC and CMR-free products in addition to its Azures modifiers, epoxy resins, and curing agents.

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Epoxy Curing Agents Market size was valued at USD 5.39 Billion in 2022 and is poised to grow from USD 5.70 Billion in 2023 to USD 8.88 Billion by 2031, growing at a CAGR of 5.7% in the forecast period (2024-2031).

The market features a dynamic and competitive landscape characterized by a variety of players striving to enhance their market presence. These participants engage in strategies such as product innovation, collaborations, mergers, and acquisitions to gain a competitive edge. The industry's growth is fuelled by the escalating demand for epoxy curing agents across diverse applications, including coatings, adhesives, electronics, and construction. As manufacturers continuously explore eco-friendly and technologically advanced solutions, the competition is further intensified. 'Corporate.Evonik (Germany)', 'Arkema (France)', 'Hexion (US)', 'Huntsman International LLC (US)', 'Cardolite Corporation (US)', 'BASF SE(Germany)', 'Cardolite Corporation (US)', 'Kukdo Chemical Co., Ltd., (South Korea)', 'Dupont (U.S.)', 'DAIKIN (Japan)', 'Bostik (France)', 'H.B. Fuller Company (US)', 'Sika AG (Switzerland)', 'Freudenberg SE (Germany)', 'Aditya Birla Group Chemicals (India)', 'Mitsubishi Chemical Corporation (Japan)', 'DOW (US)', 'SOLVAY (Belgium)', 'Air Products, Inc., (US)', 'Momentive (US)'

Stringent environmental regulations surrounding epoxy usage could potentially hinder the growth of the epoxy curing agents market. This report on the epoxy curing agents market offers insights into recent developments, trade regulations, production analysis, value chain enhancement, market share, and the impact of local and regional market players. It delves into emerging revenue opportunities, evolving market regulations, strategic growth analysis, market size, category expansion, application trends, product advancements, launches, geographical reach, and technological innovations. For further information on the epoxy curing agents market, you can reach out to Data Bridge Market Research for expert insights and assistance in making well-informed market decisions to drive growth.

Increasing Shift Towards Sustainable and Environmentally Friendly Formulations: As environmental concerns continue to gain traction, there is a growing demand for epoxy curing agents that exhibit low levels of volatile organic compounds (VOCs) and other harmful emissions. Manufacturers are investing in research and development to develop eco-friendly curing agents that meet regulatory standards while maintaining high-performance characteristics. This trend aligns with the broader industry movement toward more sustainable and responsible chemical solutions, reflecting the evolving preferences of both consumers and industries.

Asia-Pacific accounted for the largest region in the epoxy curing agent market. This dominance can be attributed to several factors, including the robust growth of industrial sectors such as construction, automotive, and electronics in countries like China, India, Japan, and South Korea. The rapid urbanization and infrastructural development in the region have boosted the demand for epoxy curing agents, which are essential components in coatings, adhesives, and composites used across these industries. Additionally, the presence of a vast manufacturing base, coupled with lower labor and production costs, has further contributed to the region's significant share in the epoxy curing agent market.

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