Global Curing Agents Market, By Type (Epoxy, Polyurethane, Silicone Rubber, Others), By Application

Published Date: | Report Code : CH1958667

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Market Dynamics:

Increasing demand from end-user industries is expected to drive the growth of the Global Curing Agents Market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

Curing agents are the substances that react with the primary film-forming matter of coatings and solidify it to form the film.

Segment Analysis:

The curing agents market is segmented into type and application.

On the basis of type, the market for curing agents is segmented as Epoxy, Polyurethane, Silicone Rubber, Others. The epoxy curing agent is the largest growing type. Epoxy resins are used in a variety of applications such as adhesives, composites, coatings. They are used as additives that can cure, harden the materials in various surroundings. The increase in the end-user industries is expected to drive the market further. These agents are high performance, easy-to-use and durable.

Based on applications the curing agents market is divided as Adhesives, Coatings, Composites, Construction, Electrical & Electronics, Wind Energy, and Others. The application as the coating is anticipated to grow. These are used in various decorative, industrial, protective coatings. They can enhance the adhesion quality on surfaces where it is essential to protect against corrosion and chemicals when added to primers.

The APAC region is growing steadily in the curing agents market. This is due to the constant increase in the manufacturing sector. The increasing use in the end-use industries is driving the market. The increasing demand from major countries such as India, Malaysia, China, Thailand is also attributing to the growth.

Key Factors Impacting Market Growth:

  • Increasing demand from end-user industries

  • Provides durable substances

Key Developments:

  • In December 2017, Cardolite (US) launched the new waterborne, emulsion-type curing agent for epoxy coatings, called NX-8401. This product is fully solvent-free, has low viscosity, and is reducible with water with ease.

  • In March 2017, Huntsman Corporation (US) introduced its new portfolio of low-temperature curing agents, named Ara, for use in heavy-duty industrial coating applications.

Regional Analysis:

On the basis of the region, the global curing agents market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe is some of the major markets are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe. This region has been witnessing a number of transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines with regard to environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. Some of the major economies in these regions include the US, Germany, UK, France, Canada, Italy, Spain, and so on. The Asia Pacific and the Middle East are expected to register substantial growth in the global curing agents market during the forecast period. This demand is with regards to the growth of major applications such as adhesives, coatings, composites, construction, electrical & electronics, wind energy, others.

Major countries in the Asia Pacific region include China, South Korea, Japan, India, Australia, and so on. Middle East includes the UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region. Rest the World that includes South America and Africa has a strong potential for global curing agents market. There has been an increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for global curing agents market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

Companies Covered:  BASF, Evonik Industries, Hexion Inc., Huntsman Corporation, Cardolite Corporation.

Market Segmentation:

By Type:

  • Epoxy

  • Polyurethane

  • Silicone Rubber

  • Others

By Application:

  • Adhesives

  • Coatings

  • Composites

  • Construction

  • Electrical & Electronics

  • Wind Energy

  • Others

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Type

    • By Application

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Type

    • By Application

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Type

    • By Application

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Type

    • By Application

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Type

    • By Application

  • Rest of the World

    • By Region (South America, Africa)

    • By Type

    • By Application

Reasons To Buy This Report:

  • Market size estimation of the global Curing Agents Market on a regional and global basis

  • The unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

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  • By Sub-segment

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