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Epoxy Curing Agents Market to Grow at a CAGR more than 5.7% from 2014-19: M&M

Published on 2015-02-27. Author : SpecialChem

The report “Epoxy Curing Agents Market by Type (Amines, Anhydrides, Formaldehyde Coreactants, Polycarboxylic Polyesters, Polysulfides & Polymercaptans, and Others), by Application (Coatings, Adhesives, Composites, Potting & Encapsulation , and Others) - Global Forecast to 2019” report analyzes the global epoxy curing agents market with respect to market drivers, opportunities, and trends in different regions.

The epoxy curing agents applications are significantly penetrating the end-use application markets. They have different characteristics as per their manufacturing and application requirements in the end products. The Asia-Pacific region is expected to dominate the global market with its growing demand for epoxy curing agents in different application segments, especially the coatings, adhesives, and composites. The Asia-Pacific market is estimated to grow at the highest CAGR in the next five years, with the allied industries expected to boost the overall business need in the respective regions. The growth in the Asia-Pacific region is mainly due to the robust demand from the end-user industries, increased investment and production capacities of end-user application industries such as coatings, adhesives, and others are increasing the demand for epoxy curing agents in this region.

R&D is expected to be a key part of the epoxy curing agents market as newer products with better reactive properties which are eco-friendly in nature, can be the vital drivers of the market. Introduction of new epoxy curing agent by chemical manufacturers such as Air Products & Chemicals and Huntsman Corporation for different application markets such as coatings, adhesives and composites. Manufacturing companies, research associations, and end-product manufacturers need to infuse high investments for future advancements and technology modifications of epoxy curing agents to match the new demands coming from various end-user industries.

Asia-Pacific is the largest region, both in terms of volume and value, followed by North America and Europe. India, China, Russia, and Brazil are expected to continue as successful markets. The key players in the global epoxy curing agents market are Air Products and Chemical Inc. (U.S.), Aditya Birla Chemicals (Thailand), Brenntag Specialties, Inc. (Germany), Cardolite Corporation (U.S.), Gabriel Performance Products (U.S.), Dow Chemical Company (U.S.), Huntsman corporation (U.S.), BASF S.E. (Germany), Momentive Specialty Chemicals (U.S.), Evonik Industries (Germany), Mitsubishi Chemical (Japan), Hexion Inc. (U.S.), Incorez Ltd (U.K.), DIC Corporation (Japan), and others.

The emerging Asia-Pacific nations that host the global events related to chemical industry would supplement the growth of epoxy curing agents market. An improved growth in industrial manufacturing, local end-user production, and increasing population in the emerging economies are expected to drive the consumption of epoxy curing agents. Also, the key exporters besides the players in China to these countries, mainly, the important global manufacturers, are expanding their capacities of epoxy curing agents in the recent past. It depicts the rising demand from China and India as well as South-East Asia in the Asia-Pacific region.

The epoxy curing agents demand, in terms of value and volume, depicts the current and future projections, according to the parallel economic and industry outlook. This analysis covers important developments, expansions, agreements, and partnerships of the leading global companies.

The global epoxy curing agents market was estimated about $1.4 billion in 2013, and is projected to reach $1.9 billion by 2019, expected to grow at a CAGR more than 5.7% between 2014 and 2019. The high demand across the industries, such as coatings, adhesives, composites, potting & encapsulation, & others is expected to increase the overall epoxy curing agents’ consumption.

About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S. It publishes strategically analyzed market research reports and serves as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. M&M covers thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.

Source: MarketsandMarkets

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