What is Global Curing Agent for Epoxy Resin Market?
The Global Curing Agent for Epoxy Resin Market is a vast and dynamic sector that plays a crucial role in the world economy. This market revolves around the production, distribution, and consumption of curing agents for epoxy resins. These agents are substances that are used to harden and cure epoxy resin, a type of polymer that is widely used in various industries due to its excellent mechanical properties and heat resistance. The global market for these curing agents is driven by the increasing demand for epoxy resins in various applications such as coatings, adhesives, composites, and others. In 2023, the market was valued at a whopping US$ 2219.9 million and it is projected to reach US$ 2930.8 million by 2030, growing at a steady compound annual growth rate (CAGR) of 4.0%.
Amine Based Products, Anhydrides Based Products, Others in the Global Curing Agent for Epoxy Resin Market:
The Global Curing Agent for Epoxy Resin Market is segmented into three main product types: Amine Based Products, Anhydrides Based Products, and Others. Amine-based products are the most commonly used curing agents for epoxy resins. They are known for their excellent curing properties and versatility. Anhydrides based products, on the other hand, are used when high thermal or chemical resistance is required. They are typically used in applications such as electrical laminates, composites, and coatings. The 'Others' category includes various other types of curing agents that are used in specific applications. Each of these product types has its own set of advantages and disadvantages, and their usage depends on the specific requirements of the application.
Coatings, Construction, Adhesives, Composites, Others in the Global Curing Agent for Epoxy Resin Market:
The Global Curing Agent for Epoxy Resin Market finds its usage in a variety of areas including Coatings, Construction, Adhesives, Composites, and Others. In the coatings industry, these curing agents are used to enhance the durability and performance of epoxy resin coatings. These coatings are widely used in various industries such as automotive, marine, and industrial. In the construction industry, curing agents for epoxy resins are used in flooring systems, repair mortars, and sealants. They provide excellent adhesion, chemical resistance, and mechanical strength. In the adhesives industry, these curing agents are used to improve the bonding strength of epoxy adhesives. In the composites industry, they are used to enhance the properties of epoxy resin composites. The 'Others' category includes various other applications such as electronics, aerospace, and more.
Global Curing Agent for Epoxy Resin Market Outlook:
In 2023, the Global Curing Agent for Epoxy Resin Market was valued at US$ 2219.9 million. The market has been showing a steady growth and it is expected to continue this trend in the coming years. By 2030, the market is projected to reach a value of US$ 2930.8 million. This represents a compound annual growth rate (CAGR) of 4.0% during the forecast period from 2024 to 2030. This growth can be attributed to the increasing demand for epoxy resins in various industries such as coatings, construction, adhesives, composites, and others. The market's growth is also driven by the continuous advancements in the production and application technologies of curing agents for epoxy resins.
| Report Metric | Details |
| Report Name | Curing Agent for Epoxy Resin Market |
| Accounted market size in 2023 | US$ 2219.9 million |
| Forecasted market size in 2030 | US$ 2930.8 million |
| CAGR | 4.0% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Olin Corporation, Hexion, Huntsman, Kukdo Chemical, Reichhold, Atul, Aditya Birla Group, BASF, Evonik, Cardolite, Gabriel Performance Products, Mitsubishi Chemical, Incorez, Hitachi Chemical, Cargill, Dasen Material, Rich Chemical, Yun Teh Industrial |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
