The global revenue through sales of epoxy curing agents currently values near US$ 2.5 Bn and is slated to double the growth at a CAGR of 5% over 2018-2028. Over the next decade, the global epoxy curing agents market is expected to exceed the revenue worth US$ 4 Bn and experience a moderate pace in terms of growth.

Persistent Demand from End-users Coupled with Innovations to Boost Consumption

Soaring demand for epoxy resins by manufacturers of electrical laminates is identified to be a key factor fueling the market growth over the assessment period. Moreover, stringent regulatory norms set for the use of lightweight materials in automotive as well as aerospace industries will continue to hold a substantial impact on the market performance in upcoming years. The global market for epoxy curing agents will reportedly witness bolstering use of bio-based curing agents and development of an innovative range of low-temperature, low-curing time epoxy curing agents in near future.

Epoxy curing agents tend to release certain harmful volatile organic compounds (VOCs), which compels manufacturers to concentrate on developing eco-friendly curing agents that are ideal for the ‘Level of Prominence’ coating applications. The market is thus witnessing a boost in the demand for water-based agents worldwide. One of the most prominent factors driving the growth of epoxy curing agents market includes substantial demand for printed circuit boards (PCBs) in the manufacturing of an exhaustive range of electronic products such as smartphones, mobile devices, machinery, automotive electronics, and other consumer electronics.

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Amines & Polyamines Lead by Product Type, China to Spearhead Global Market by Region

Amines and polyamines are anticipated to dominate in terms of product type, whereas China is foreseen to be the leading regional market for epoxy curing agents. Amines and polyamines segment, though has more than 48% share of the current global market revenue, is expected to lose its market share to a more popularly thriving segment, i.e. amides and polyamides. Although the amines and polyamines segment is anticipated to witness a CAGR value of more than 5% over 2018-2028, it is facing stringent regulatory norms regarding VOC emissions, eventually resulting in a falling market value share.

Revenues from Applications in Coatings to Expand 1.6X over 2018-2028, Composites Identified to Witness Attractive Opportunities

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Key Player Insights

The relatively consolidated competitive landscape of the global epoxy curing agents market is operated by a number of key companies, a few of which include BASF SE, Evonik Industries AG, Aditya Birla Corporation, Olin Corporation, Gabriel Performance Products, Toray Fine Chemicals, Hexion Inc., Showa Denko KK, and Mitsubishi Chemical Corporation. Besides the dominant players such as Huntsman Corporation, Olin Corporation, and Evonik Industries AG, the global marketplace is also benefiting from crucial contribution by several regional as well as local companies.