The global epoxy curing agents market size was valued at $4.9 billion in 2020, and epoxy curing agents market forecast is projected to reach $8.4 billion by 2030, with global epoxy curing agents market forecast expected at a CAGR of 5.6% from 2021 to 2030. The growth of the epoxy curing agents market is driven by the rising demand for epoxy resins in construction and infrastructure, where they are used for coatings, adhesives, and sealants. In addition, the automotive industry's focus on lightweight materials, such as composite parts, further fuels the demand for epoxy curing agents, as they provide enhanced durability and performance in these applications.
Epoxy curing agents are chemical compounds used to harden epoxy resins by initiating a cross-linking reaction. This process converts the liquid resin into a solid, durable material with excellent mechanical, thermal, and chemical resistance. Common curing agents include amines, anhydrides, and polymercaptans, each offering unique curing properties and application suitability. Epoxy curing agents are widely used in coatings, adhesives, composites, and electronics due to their ability to enhance performance and tailor properties for specific industrial needs.
The rising demand for epoxy resins in the construction and infrastructure sectors significantly drives the growth of the epoxy curing agents market. Epoxy resins are widely used in coatings, adhesives, and composites due to their excellent mechanical strength, chemical resistance, and durability. In construction, they are essential for floor coatings, structural adhesives, and protective barriers, enhancing the longevity and performance of buildings and infrastructure. With increasing urbanization, infrastructure development, and renovation projects globally, the need for advanced materials like epoxy curing agents continues to grow, fueling market expansion.
The high cost of epoxy curing agents is a significant restraint on the growth of the epoxy curing agents market. These agents are often made from specialized raw materials and complex manufacturing processes, which increase their production costs. As a result, industries that rely on epoxy systems, such as automotive and construction, may face higher material expenses. This can limit the adoption of epoxy-based coatings and adhesives, especially in cost-sensitive sectors, hindering the overall market growth and limiting accessibility for smaller manufacturers.
The expansion of the wind energy sector presents a significant opportunity for the epoxy curing agents market. Epoxy curing agents are essential in the production of wind turbine blades, as they provide the necessary durability, strength, and resistance to environmental factors. As the global demand for renewable energy increases, particularly in wind power, the need for high-performance composite materials, including epoxy resins and curing agents, will grow driving market expansion and innovation in the epoxy curing agents segment.
Segmental Overview
The global epoxy curing agents market is segmented on the basis of curing agent, application, end user and region.
On the basis of curing agent, the global epoxy curing agents market is segmented into amines, polyamides, anhydrides and others. The applications covered in the study include paints & coating, adhesives, composites and electronic encapsulation & others. The end users covered in the study include building & construction, transportation, general industrial, wind power, aerospace and marine & others.
Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest share of the market, followed by Europe and North America.
The major companies profiled in this report include Bhor Chemicals and Plastics Private Limited. Cytec Solvay Group, Atul Ltd., Mitsubishi Chemical Corporation, Park Aerospace Corp., Reliance Composites Polymers, Barrday Inc., Hexcel Corporation, Huntsmann Corporation and Evonik Industries AG.
By Curing Agent
Amines is projected to create abundant $ opportunity till 2030
The global epoxy curing agents market is segmented on the basis of curing agent, application, end user and region.
By Application
Paints & Coating is projected as the most lucrative segment.
On the basis of curing agent, the global epoxy curing agents market is segmented into amines, polyamides, anhydrides and others. The applications covered in the study include paints & coating, adhesives, composites and electronic encapsulation & others. The end users covered in the study include building & construction, transportation, general industrial, wind power, aerospace and marine & others.
By End User
Paints & Coating is projected as the most lucrative segment.
Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest share of the market, followed by Europe and North America.
By Region
Asia Pacific holds a dominant position in 2020
The major companies profiled in this report include Bhor Chemicals and Plastics Private Limited. Cytec Solvay Group, Atul Ltd., Mitsubishi Chemical Corporation, Park Aerospace Corp., Reliance Composites Polymers, Barrday Inc., Hexcel Corporation, Huntsmann Corporation and Evonik Industries AG.
Key findings of the study
- By region, the Asia-Pacific epoxy curing agents market is projected to witness growth at the highest CAGR in terms of revenue, during the forecast period.
- As per epoxy curing agents market analysis, by curing agent type, the amines segment accounted for the largest epoxy curing agents market share in 2020.
- On the basis of application, the paints & coating segment accounted for the largest market share in 2020.
- On the basis of end-user, building & construction segment accounted for the largest market share in 2020.
Key Market Segments
By Curing Agent
- Amines
- Polyamides
- Anhydrides
- Others
By Application
- Paints & Coating
- Adhesives
- Composites
- Electronic encapsulation & Others
By End User
- Building & construction
- Transportation
- General Industrial
- Wind Power
- Aerospace
- Marine & Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key players in the global epoxy curing agents market are:
- Bhor Chemicals and Plastics Private Limited
- Cytec Solvay Group
- Atul Ltd.
- Mitsubishi Chemical Corporation
- Park Aerospace Corp.
- Reliance Composites Polymers
- Barrday Inc.
- Hexcel Corporation
- Huntsmann Corporation
- Evonik Industries AG
Epoxy Curing Agents Market Report Highlights
| Aspects | Details |
 By Curing Agent |
|
 By Application |
|
 By End User |
|
 By Region |
|
 Key Market Players | Mitsubishi Chemical Corporation, Cytec Solvay Group, Reliance Composites Polymers, Huntsmann Corporation, Bhor Chemicals and Plastics Private Limited, Park Aerospace Corp., Barrday Inc., Atul Ltd., Evonik Industries AG, Hexcel Corporation |
Analyst Review
The global epoxy curing agents market is expected to witness increased demand during the forecast period, due to rapidly growing building & construction and electronics industry throughout the forecast period.
Several environmental and health concerns associated with epoxy curing agents based products are anticipated to hinder the growth of the epoxy curing agents market during the forecast period. However, increasing demand for epoxy curing agents in the application of wind energy and increasing demand of epoxy curing agents in several end-use applications such as building & construction, electrical and electronics, and transportation, are some of the key factors expected to provide high demand for the epoxy curing agents market throughout the forecast period. In addition, rapidly glorifying infrastructure and high urbanization growth especially in developing countries are expected to drive the global epoxy curing agents market demand throughout the forecast period.
The COVID-19 pandemic has negatively impacted the global epoxy curing agents market for a short span due to shutdown of various industry production facilities such as infrastructure, paints & coating, and transportation sector leading to the decline in demand for epoxy curing agents compounds, thereby hindering the global epoxy curing agents market for a short span of time.
Moreover, companies are inheriting expansion and acquisition strategies to boost the growth of the epoxy curing agents market throughout the forecast period.
Increase in demand for materials used in construction and transport industry, increase in demand for efficient wind and solar power plants are the key factors driving the growth of epoxy curing agents market
The expected market value of Epoxy Curing Agents by 2030 is US$ 8.4 billion
Bhor Chemicals and Plastics Private Limited. Cytec Solvay Group, Atul Ltd., Mitsubishi Chemical Corporation, Park Aerospace Corp., Reliance Composites Polymers, Barrday Inc., Hexcel Corporation, Huntsmann Corporation and Evonik Industries AG
Building & construction industry is projected to increase the demand for Epoxy Curing Agents Market
The global epoxy curing agents market is segmented on the basis of curing agent, application, end user and region. On the basis of curing agent, the global epoxy curing agents market is segmented into amines, polyamides, anhydrides and others. The applications covered in the study include paints & coating, adhesives, composites and electronic encapsulation & others. The end users covered in the study include building & construction, transportation, general industrial, wind power, aerospace and marine & others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Increase in annual deployed capacities for epoxy curing agents across the globe is the Main Driver of Epoxy Curing Agents Market
Paints and coating segment is expected to drive the adoption of Epoxy Curing Agents?
Emergence of COVID-19 had a negative impact on the growth of the global epoxy curing agents market for a short period.
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