Feb 5, 2019   SOURCE: BusinessWire

$5.9 Billion Curing Agents Market by Type, Application and Region - Global Forecast to 2023: Emerging Economies Creating Ample Opportunities for Manufacturers - ResearchAndMarkets.com

The "Curing Agents Market by Type (Epoxy, Polyurethane, Silicone Rubber, and Others), Application (Coatings, Electrical & Electronics, Composites, Adhesives, Construction, Wind Energy, and Others), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The curing agents market size is projected to grow from USD 4.2 billion in 2018 to USD 5.9 billion by 2023, at a CAGR of 6.8%.

The market is expected to witness growth owing to the increasing demand for curing agents from various applications such as coatings, wind energy, electrical & electronics, construction, composites, and adhesives.

Research institutions and various manufacturers are taking initiatives and making huge investments in R&D for the technological development of epoxy curing agents in terms of cost, durability, and to improve the properties of the curing agents for end-use applications.

However, stringent government regulations in the chemical industry are expected to hamper the growth of the market. Volatility in raw material prices might adversely affect the overall production cost of curing agents.

Epoxy is expected to account for the largest segment of the overall curing agents market during the forecast period

Epoxy is expected to be the largest segment of the overall curing agents market in 2018. Epoxy curing agents are formulated to meet various properties such as fast curing time; pot life flexibility; viscosity; chemical, water, and wear resistance adhesion; and other mechanical properties required for various applications. These factors are expected to drive the epoxy curing agents market during the forecast period.

The curing agents market in wind energy application is projected to witness the highest CAGR during the forecast period

Curing agents are preferred for wind blade fabrications due to their high sheer, compressive strength, and low weight. The fatigue performance of curing agents improves the composite mechanical properties in rotor blades, thereby enhancing the performance of wind turbines. With the improvement in technology, manufacturers of curing agents are coming up with new products and systems to help the manufacturers in the wind industry.

APAC curing agents market is estimated to register the highest CAGR during the forecast period

The APAC curing agents market is segmented into China, Japan, India, South Korea, Indonesia, Taiwan, Malaysia, and Rest of APAC. The APAC region is a lucrative market for curing agents owing to the increasing demand from packaging industries and improving economic conditions. Product innovations, new research and development projects, and increasing demand from various end-use industries have also fueled the demand for curing agents in APAC.

Market Dynamics

Drivers

  • High Growth in Construction & Wind Energy Industries
  • Infrastructural Developments in Emerging Economies
  • Technological Advancement in Manufacturing Process

Restraints

  • Environment and Health Concern

Opportunities

  • Potential High Growth in APAC
  • Emerging Economies Creating Ample Opportunities for the Manufacturers

Challenges

  • Increasing Competition from the Chinese Market

Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Significant Opportunities in the Curing Agents Market

4.2 Curing Agents Market, By Type

4.3 Curing Agents Market in APAC, By Application and Country

4.4 Curing Agents Market Attractiveness

4.5 Curing Agents Market, Developed vs. Developing Countries

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.3 Porter's Five Forces Analysis

5.4 Macroeconomic Overview and Key Trends

6 Curing Agents Market, By Type

6.1 Introduction

6.2 Epoxy Curing Agent

6.3 Polyurethane-Based Curing Agents

6.4 Silicone Rubber Curing Agents

6.5 Others

7 Curing Agents Market, By Application

7.1 Introduction

7.2 Coatings

7.3 Electrical & Electronics

7.4 Wind Energy

7.5 Construction

7.6 Composites

7.7 Adhesives

7.8 Others

8 Curing Agents Market, By Region

8.1 Introduction

8.2 APAC

8.3 North America

8.4 Europe

8.5 Middle East & Africa

8.6 South America

9 Competitive Landscape

10 Company Profiles

10.1 Evonik Industries

10.2 Hexion Inc.

10.3 BASF SE

10.4 Huntsman Corporation

10.5 Olin Corporation

10.6 Cardolite Corporation

10.7 Kukdo Chemical Co. Ltd.

10.8 Aditya Birla Chemicals (Thailand) Ltd.

10.9 Mitsubishi Chemical Corporation

10.10 Atul Limited

10.11 Albemarle Corporation

10.12 Additional Key Companies

10.12.1 Nan Ya Plastics Corporation

10.12.2 Royce International

10.12.3 Gabriel Performance Products

10.12.4 Campbell Plastics Limited

10.12.5 Cargill

10.12.6 Arnette Polymers

10.12.7 Epochemie International Pte. Ltd.

10.12.8 Kumiai Chemical Industry Co. Ltd.

10.12.9 Leuna-Harze GmbH

10.12.10 Shandong Deyuan Epoxy Resin Co. Ltd.

10.12.11 Spolchemie

10.12.12 Trans Oceanic Chemicals Pvt. Ltd.

10.12.13 Epoxy Base Electronic Material Co. Ltd. (Grace Epoxy)

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