Epoxy Curing Agents Market to Make Great Impact In Near Future by 2025
Epoxy curing is a material mixed with epoxy polymer to get better results from epoxy polymer. Epoxy resins are used in in wide range of fields like construction, electronics, paints etc. Epoxy resins have inbuilt bonding capacity and after curing it acquires excellent properties on mechanical strength, electrical insulation and chemical strength. Epoxy resins are able to work in a much effective way when combined with curing agents. Hence, proper selection of curing agents is as important as selection of epoxy resin.
Application & End Use
Application of epoxy curing agents differ based on their end use and the type of adhesive application. Main end user industries of epoxy resins include transportation (marine & Road), consumer electronics, protective equipment’s, construction and industrial coatings. However, comprehensively based on applications epoxy curing agents can be classified as application in coatings, adhesives, composites, potting and application. Market for epoxy curing agents is anticipated to increase owing to its increasing end user applications across various industries.
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Regions
In terms of regions APAC is expected to drive the market due to increasing production facilities and demand for end user products. Increasing construction sector, increasing demand for electronic devices and China being a hub of manufacturers, trend of miniaturisation and increasing production facilities across Asia pacific regions are anticipated to be the primary drivers for epoxy curing agents markets. North America followed by Europe is also expected to witness a significant growth owing to the increasing demand for end user industries.
Product Types
In terms of product type, epoxy curing agents can be divided like amines, polyamides, polyamidoamines, phenol and amino-formaldehyde, carbonxylic acid functional polyster, anhydrides, polysulphydes and polymercaptans .
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Key Market Players & Strategies
Top market players in epoxy curing agents include DOW Chemical Company, BASF SE, Huntsman Corporation, Brenteg specialities Inc, Aditya Birla Chemicals, Hexicon Inc., Gabriel Performance products, Momentive speciality chemicals, Evonik Industries, Mitsubishi Chemicals, Incorez Ltd., DIC corporation, Cardolite Corporation and others.
Key market players are concerned about developing better curing agents for untapped applications of epoxy resins like marine and maintenance coatings, electrical laminates etc. Additionally heightened R & D efforts by market players directed towards producing industry specific products will further drive the market growth.
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