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Sales of epoxy curing agents in China are projected to rise at 7.9% CAGR during the forecast period of 2022 and 2028. India epoxy curing agents market is poised to expand at over 6.2% CAGR between 2022 and 2028. Revenues in paints, coating and ink segment are expected to total US$ 1.8 Bn by the end of 2028
NEWARK, Del., July 20, 2022 /PRNewswire/ — The global epoxy curing agents market is expected to reach a valuation of US$3.11 Bngrowing at a healthy CAGR of 5.0% over the forecast period of 2022-2028. Implementation of stringent regulation promotes the usage of lightweight materials in aerospace and automotive industries. This bodes well for the epoxy curing agents market.
Evolution and growth of multiple sectors like electronics, construction, manufacturing, power generation, and automotive among others will promote the rising demand for epoxy curing agents. Notably high demand for epoxy curing agents is due to the elevated demand for adhesives and sealantspaints and coatings, and composites.
Owing to the need for heat resisting curing agents that are effective in high temperatures in electronics and automotive industries, epoxy-curing agents are in high demand in these sectors. Additionally, an increase in the manufacturing of printed circuit boards, rising usage of epoxy curing agents in smartphones, automotive, and consumer electronics along with other electronic products are boosting the demand for epoxy curing agents market.
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“Rising adoption of smart electronic products will augment the sales of epoxy curing agents in the global market over the forecast period,” says an FMI analyst.
Key Takeaways:
- Epoxy curing agents market expected to grow by 1.3x over the forecast period.
- China is projected to dominate the market with over 41% global market share.
- Western Europe to hold the second largest market share during the forecast period.
- Epoxy curing agent application in coatings to increase by 1.6x by the end of 2028
- China Epoxy curing agents market to grow at a 7.9% CAGR
- Epoxy curing agents market in India to grow at a CAGR of 6.2%
- The UK epoxy curing against market presents strong growth potential with an 8% CAGR.
- Amines and polyamines segment will account for over 48% of market sales
- Paints, coatings, and inks in application segment will dominate the market.
Competitive Landscape
Huntsman Corporation, Olin Corporation, Hexion Inc., Evonik Industries AG, BASF SE, Cargill Incorporated, Mitsubishi Chemical Corporation, DIC Corporation, Showa Denko KK, Aditya Birla Corporation, Toray Fine Chemicals Co. Ltd., Gabriel Performance Products, and others are some of the major players in the epoxy curing agents market that are profiled in the full version of the report.
Major organizations in the market are investing in developing heat-resistant epoxy curing agents to cater to the upsurge in demand from the automotive and electronics sector. Strategic partnerships and collaborations are also widely used by these organizations to …
Full story available on Benzinga.com
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