The epoxy curing agents market is projected to reach USD 5.02 Billion by 2022, at a CAGR of 6.84% from 2017 to 2022. The growth of the market can be attributed to the expansion of the construction industry, increasing urban population, and growth of the composite industry.
Seattle, WA -- (SBWIRE) -- 04/18/2017 -- The report "Epoxy Curing Agents Market by Type (Amine-Based Curing Agents, Anhydride Curing Agents), Application (Coatings, Construction, Adhesives, Composites, Wind Energy, Electrical & Electronics), and Region - Global Forecast to 2022", The global epoxy curing agents market is expected to grow from USD 3.60 Billion in 2017 to USD 5.02 Billion by 2022, at a CAGR of 6.84% between 2017 and 2022.
Browse 89 market data tables and 53 figures spread through 162 pages and in-depth TOC on "Epoxy Curing Agents Market - Global Forecast to 2022"
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The growth of this market can be attributed to high growth in the coatings, construction, wind energy, composite manufacturing industries.
Based on application, the coatings segment is projected to lead the epoxy curing agents market during the forecast period
Coating was the largest application segment of the epoxy curing agents market in 2016. Epoxy curing agents are used in marine, can & coil, decorative, protective, and general industrial coatings. Epoxy curing agents are used in primers to enhance the adhesion quality of coated part in marine and other applications, especially on metal surfaces where corrosion & chemical resistance is important to protect the surfaces from damage or wear.
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Based on type, the amine-based curing agents are expected to lead the epoxy curing agents market during the forecast period
Based on type, the amine-based curing agents was the largest segment of the epoxy curing agents market in 2016, in terms of value and volume. Amine-based curing agents are more durable and chemical resistant than other curing agents. These curing agents play a vital role in determining the properties of the final cured product. The properties of amine-based curing agents include chemical & thermal resistant, and weatherability. The major applications of amine-based curing agents include coatings, adhesives, composites, and electrical & electronics, among others.
Asia-Pacific expected to lead the epoxy curing agents market during the forecast period
Asia-Pacific is expected to lead the epoxy curing agents market during the forecast period. The growth of the market in the region is driven by the rapid industrialization in countries, such as India, China, Indonesia, and Malaysia, among others. China and India are the biggest consumers of epoxy curing agents in the region.
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Evonik Industries (Germany), BASF SE (Germany), Huntsman Corporation (U.S.), Hexion Inc. (U.S.), and Cardolite Corporation (U.S.), among others are the key players in the epoxy curing agents market.
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