Epoxy Curing Agents Market by Type (Amines, Polyamides, Anhydrides, Phenolic Compounds), Application (Coatings, Adhesives, Composites, Encapsulation), Form (Liquid, Solid, Powder, Waterborne, Solventborne), End-Users (Construction, Automotive, Aerospace, Marine), & Region for 2024-2031
Report ID: 25145|No. of Pages: 202
Epoxy Curing Agents Market by Type (Amines, Polyamides, Anhydrides, Phenolic Compounds), Application (Coatings, Adhesives, Composites, Encapsulation), Form (Liquid, Solid, Powder, Waterborne, Solventborne), End-Users (Construction, Automotive, Aerospace, Marine), & Region for 2024-2031
Epoxy Curing Agents Market Valuation – 2024-2031
The increasing demand for epoxy curing agents in various end-use industries, such as automotive, construction, and electronics, is being driven by the need for high-performance materials that offer superior adhesion, chemical resistance, and durability. According to the analyst from Verified Market Research, the Epoxy Curing Agents Market is estimated to reach a valuation of USD 14.5 Billion by 2031 the forecast subjugating around USD 7.07 Billion valued in 2024.
The rapid expansion of the epoxy curing agents market is primarily driven by the rising adoption of environmentally friendly and sustainable formulations, which are being increasingly favored by manufacturers seeking to reduce their carbon footprint and meet regulatory requirements. It enables the market to grow at a CAGR of 10.36% from 2024 to 2031.
Epoxy Curing Agents Market: Definition/ Overview
Epoxy curing agents are chemical compounds that facilitate the curing process of epoxy resins, resulting in the formation of durable and thermoset materials. These agents are characterized by their ability to promote cross-linking between polymer chains, thereby enhancing the physical properties of the final product. Various types of curing agents, such as amines, anhydrides, and phenolic compounds, are utilized in a wide range of applications, including coatings, adhesives, composites, and electrical insulations.
Increasing demand for epoxy curing agents is being supported by the growing need for high-performance materials across numerous industries, such as automotive, aerospace, and construction. Factors such as technological advancements, stringent regulatory standards, and the rising emphasis on sustainability are being recognized as key contributors to the market’s growth. As industries increasingly prioritize efficiency and performance, the adoption of innovative epoxy formulations is anticipated to expand, thereby driving the market forward.
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How is the Increasing Demand for Environmentally Friendly Epoxy Curing Agents Impacting Market Growth?
The increasing demand for environmentally friendly epoxy curing agents is significantly impacting market growth by driving innovation and sustainability within the industry. Manufacturers are being compelled to develop formulations that minimize environmental impact while maintaining high performance. As a result, a shift toward bio-based and low-emission curing agents is being observed, which aligns with global trends in sustainability and regulatory compliance.
According to a report by the European Chemical Industry Council (Cefic), the EU chemical industry’s investment in environmental protection reached €3.3 billion in 2020, with a significant portion directed toward developing eco-friendly alternatives in various chemical segments, including epoxy curing agents.
This shift is being fueled by consumer preferences and the need for compliance with stringent environmental regulations, leading to enhanced market competitiveness. Furthermore, companies that embrace these sustainable practices are being recognized for their commitment to environmental responsibility, which positively influences brand reputation and customer loyalty.
What Challenges are Faced by the Epoxy Curing Agents Market due to Fluctuating Raw Material Prices?
The challenges faced by the epoxy curing agents market due to fluctuating raw material prices are significantly affecting profitability and production stability. Price volatility in key raw materials, such as resins and hardeners, is being caused by global supply chain disruptions and geopolitical factors. As a result, manufacturers are being forced to adjust pricing strategies and operational plans to mitigate these fluctuations.
Additionally, the uncertainty surrounding raw material availability is leading to increased operational costs and potential delays in production timelines. This scenario is being closely monitored by industry stakeholders, who are seeking alternative sourcing strategies and cost-effective solutions to minimize the impact of raw material price instability on their business operations.
Category-Wise Acumens
What Factors are Contributing to the Rapid Growth of the Anhydrides in the Epoxy Curing Agents Market?
According to VMR Analyst, the rapid growth of the anhydrides sub-segment in the epoxy curing agents market is being driven by several key factors, including their superior performance characteristics and versatility in various applications. Anhydrides are recognized for their ability to provide high-temperature resistance, excellent mechanical properties, and improved chemical resistance in final products. These attributes are being increasingly favored in industries such as automotive and aerospace, where high-performance materials are essential.
Additionally, the trend toward lightweight and durable materials is being supported by the growing use of anhydrides in composite applications. As environmental regulations become stricter, manufacturers are being motivated to adopt anhydrides due to their relatively low emissions during the curing process. This combination of performance benefits and regulatory compliance is significantly enhancing the appeal of the anhydride sub-segment, leading to its rapid expansion within the market.
How is the Increasing Demand for Epoxy Coatings Influencing the Overall Epoxy Curing Agents Market?
According to VMR Analyst, the increasing demand for epoxy coatings is influencing the overall epoxy curing agents market by driving innovation and expansion in production capacities. Epoxy coatings are being widely adopted in various sectors, including construction, automotive, and electronics, due to their exceptional durability, chemical resistance, and adhesion properties. As infrastructure projects expand and consumer preferences shift towards high-performance finishes, the need for effective curing agents in epoxy formulations is being amplified.
Furthermore, advancements in formulation technologies are being leveraged to enhance the properties of epoxy coatings, thus broadening their application scope. The rising focus on aesthetic and functional properties in coatings is being recognized as a vital growth factor, propelling the demand for specialized curing agents designed to meet these evolving market needs.
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Country/Region-wise Acumens
What are the Key Factors Contributing to the Dominance of North America in the Epoxy Curing Agents Market?
According to VMR Analyst, the dominance of North America in the epoxy curing agents market is attributed to a combination of robust industrial infrastructure, advanced technological capabilities, and significant investment in research and development. The presence of leading manufacturers and a well-established supply chain in the region are facilitating innovation in epoxy formulations and curing technologies.
Additionally, the growing construction and automotive industries are being recognized as major drivers, as the demand for high-performance coatings and adhesives is increasing. Stringent regulations regarding environmental safety and performance standards are also being enforced, which is encouraging the adoption of advanced epoxy-curing agents. Furthermore, the region’s emphasis on sustainability is reflected in the growing preference for eco-friendly formulations, positioning North America as a key player in the global epoxy curing agents market.
How is the Rising Demand for Epoxy Curing Agents in the Asia Pacific Region Influencing Market Growth?
According to VMR Analyst, the rising demand for epoxy curing agents in the Asia Pacific region is being fueled by rapid industrialization and urbanization across several countries, particularly in China and India. These nations are experiencing significant growth in the construction, automotive, and electronics sectors, which are all major consumers of epoxy formulations. Furthermore, the increasing emphasis on durable and high-performance materials in manufacturing processes is driving the need for effective curing agents.
The growing automotive and electronics industries in the Asia Pacific region are significant consumers of epoxy curing agents. The International Organization of Motor Vehicle Manufacturers (OICA) reports that Asia produced 46.7 million vehicles in 2021, accounting for 57% of global vehicle production.
The Asia Pacific region is experiencing substantial growth in construction and infrastructure projects, driving demand for epoxy curing agents. According to the Asian Development Bank (ADB), Asia will need to invest USD 26 Trillion from 2016 to 2030 in infrastructure to maintain its growth momentum.
Competitive Landscape
The Epoxy Curing Agents Market’s competitive landscape is characterized by a varied range of companies, including technology developers, plant operators, and service providers, all striving for market share in an increasingly dynamic and growing industry.
Some of the prominent players operating in the epoxy curing agents market include:
- Aditya Birla Chemicals Ltd.
- Air Products & Chemicals
- Atul Limited
- BASF SE
- Cardolite Corporation
- Epoxy Base Electronic Chemical Co. Ltd.
- Evonik
- Hexion, Inc.
- Huntsman
- Kukdo Chemical Co. Ltd.
- Mitsubishi Chemicals Co. Ltd.
Latest Developments
- In September 2023, a new bio-based curing agent, Epikote™ Resin Xfast 7990, was introduced by BASF. This product is designed for use in formulating sustainable epoxy applications and claims to offer high performance and fast-curing properties while minimizing environmental impact.
- In August 2023, an expansion of the AdvaBond™ epoxy curing agent portfolio was announced by LANXESS with the launch of AdvaBond™ 8100. This product is specifically formulated for high-performance wind turbine blade bonding applications, offering excellent adhesion and mechanical properties.
- In July 2023, the acquisition of Emerald Performance Materials’ Performance Solutions and Specialty Chemicals segments, including their epoxy curing agent business, was completed by Huntsman Corporation. This acquisition strengthens Huntsman’s position in the Epoxy Curing Agents Market and expands its product portfolio.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2021-2031 |
| Growth Rate | CAGR of ~10.36% from 2024 to 2031 |
| Base Year for Valuation | 2024 |
| Historical Period | 2021-2023 |
| Forecast Period | 2024-2031 |
| Quantitative Units | Value in USD Billion |
| Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
| Segments Covered |
|
| Regions Covered |
|
| Key Players | Hexion, Inc., Air Products & Chemicals, Evonik, Huntsman, BASF SE, Atul Limited, Aditya Birla Chemicals Ltd., and Kukdo Chemical Co. Ltd. |
| Customization | Report customization along with purchase available upon request |
Epoxy Curing Agents Market, By Category
Type:
- Amines
- Polyamides
- Anhydrides
- Phenolic Compounds
- Lewis Acids
- Imidazoles
Application:
- Coatings
- Adhesives
- Composites
- Electrical laminates
- Encapsulation
Form:
- Liquid
- Solid
- Powder
- Waterborne
- Solventborne
End-Users:
- Construction
- Automotive
- Aerospace
- Marine
- Electronics
- Wind Energy
Region:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Research Methodology of Verified Market Research
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
1 INTRODUCTION OF GLOBAL EPOXY CURING AGENTS MARKET
1.1 Introduction of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL EPOXY CURING AGENTS MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL EPOXY CURING AGENTS MARKET, BY TYPE
5.1 Overview
5.2 Amines
5.3 Polyamides
5.4 Anhydrides
5.5 Phenolic Compounds
5.6 Lewis Acids
5.7 Imidazoles
6 GLOBAL EPOXY CURING AGENTS MARKET, BY APPLICATION
6.1 Overview
6.2 Coatings
6.3 Adhesives
6.4 Composites
6.5 Electrical laminates
6.6 Encapsulation
6.7 Others
7 GLOBAL EPOXY CURING AGENTS MARKET, BY FORM
7.1 Overview
7.2 Liquid
7.3 Solid
7.4 Powder
7.5 Waterborne
7.6 Solventborne
8 GLOBAL EPOXY CURING AGENTS MARKET, BY END-USERS
8.1 Overview
8.2 Construction
8.3 Automotive
8.4 Aerospace
8.5 Marine
8.6 Electronics
8.7 Wind Energy
8.8 Others
9 GLOBAL EPOXY CURING AGENTS MARKET, BY GEOGRAPHY
9.1 Overview
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 U.K.
9.3.3 France
9.3.4 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 Rest of Asia Pacific
9.5 Rest of the World
9.5.1 Latin America
9.5.2 Middle East and Africa
10 GLOBAL EPOXY CURING AGENTS MARKET COMPETITIVE LANDSCAPE
10.1 Overview
10.2 Company Market Share
10.3 Vendor Landscape
10.4 Key Development Strategies
11 COMPANY PROFILES
11.1 Hexion Inc.
11.1.1 Overview
11.1.2 Financial Performance
11.1.3 Product Outlook
11.1.4 Key Developments
11.2 Air Products & Chemicals
11.2.1 Overview
11.2.2 Financial Performance
11.2.3 Product Outlook
11.2.4 Key Developments
11.3 Evonik
11.3.1 Overview
11.3.2 Financial Performance
11.3.3 Product Outlook
11.3.4 Key Developments
11.4 Huntsman
11.4.1 Overview
11.4.2 Financial Performance
11.4.3 Product Outlook
11.4.4 Key Developments
11.5 BASF SE
11.5.1 Overview
11.5.2 Financial Performance
11.5.3 Product Outlook
11.5.4 Key Developments
11.6 Cardolite Corporation
11.6.1 Overview
11.6.2 Financial Performance
11.6.3 Product Outlook
11.6.4 Key Developments
11.7 Atul Limited
11.7.1 Overview
11.7.2 Financial Performance
11.7.3 Product Outlook
11.7.4 Key Developments
11.8 Aditya Birla Chemicals Ltd.
11.8.1 Overview
11.8.2 Financial Performance
11.8.3 Product Outlook
11.8.4 Key Developments
11.9 Kukdo Chemical Co. Ltd.
11.9.1 Overview
11.9.2 Financial Performance
11.9.3 Product Outlook
11.9.4 Key Developments
11.10 Mitsubishi Chemicals Co. Ltd.
11.10.1 Overview
11.10.2 Financial Performance
11.10.3 Product Outlook
11.10.4 Key Developments
11.11 Epoxy Base Electronic Chemical Co. Ltd.
11.11.1 Overview
11.11.2 Financial Performance
11.11.3 Product Outlook
11.11.4 Key Developments
12 Appendix
12.1 Related Reserch
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
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| Demand side |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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