Global Epoxy Curing Agents Market and is Expected to lead the Market by Witnessing a CAGR of 5.4%
Coherent Market Insights is a leading market research publisher which offers research report on “Epoxy Curing Agents Market”.The report provides information on products, services, trends, top companies, verticals, countries globally.
Epoxy curing agents have wide range of applications in industrial coatings, civil engineering & construction, automotive and metal-to-metal adhesives, composites, and electronic potting, among others. Various types of curing agents such as aliphatic, cycloaliphatic, amido-amine, and polyamide have different molecular structure, basicity, and belong to different functional groups. These properties allow epoxy curing agents to control the curing reactions and control the properties of cured thermosets. Companies are launching low-emission and waterborne curing agent products to meet the increasing demand for environmental friendly formulations. Companies such as Huntsman and Dow Chemicals are focusing on developing environmentally responsible formulations of epoxy curing agent products.
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The increasing demand for high performance epoxy-based resin formulations for various applications such as paints & coatings, composites, and electronic applications is fueling growth of the epoxy curing agents market. Asia Pacific is expected to hold a dominant position in the epoxy curing agents market, owing to industrialization in the chemicals, aerospace, automobiles, and oil & gas sectors in the region. , Polyamide segment holds a dominant position in the market due to its major applications in paints & coatings industry. Advancements in technology for the production and use of epoxy curing agents have led to the substantial market growth in North America. For instance, Huntsman developed a new amine technology to increase productivity for larger offshore rotor blades and to improve infusion process for liquid epoxy.
This report segments the global epoxy curing agents market on the basis of product type, application, and region. On the basis of product type, the global epoxy curing agents market is segmented into low temperature cure and high temperature cure. On basis of application, the market is segmented into marine, industrial & protective, construction, adhesives, and others. The construction segment is expected to gain major traction.
Asia Pacific accounted for highest revenue share and was valued at US$ 579.39 million in the global epoxy curing agents market in 2016. The region is expected to sustain its dominance throughout the forecast period due to increasing government and private investment on infrastructure development. For instance, in 2015, the Indian Ministry of Road Transport, Highways and Shipping announced a target of US$ 376.53 billion investment in infrastructure sector by 2018. Asia Pacific is projected to be the fastest growing region in the global epoxy curing agents market and is projected to witnessing a CAGR of 6.2% over the forecast period.
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According to a study by Coherent Market Insights, the global epoxy curing agents market was valued at US$ 1,316.9 million in 2016 and is expected to witness a CAGR of 4.9%, in terms of revenue, over the forecast period (2017 – 2025).
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