PUBLISHER: Allied Market Research | PRODUCT CODE: 1140211
PUBLISHER: Allied Market Research | PRODUCT CODE: 1140211
The curing agent market was valued at $11.3 billion in 2021, and is projected to reach $22.2 billion by 2031, growing at a CAGR of 7.0% from 2022 to 2031.
Curing agent is used to make a substance hard and rigid. It is applied on the surface of the material so that it makes the molecular bond between them stronger and ultimately makes the material harder. It is produced through a chemical process by cross-linking of polymer chains. It has many uses and application. Aliphatic polyamines and derivatives are the most commonly used curing agents.
Curing agent is used in coating industry to enhance the adhesion quality especially on metal surface to prevent it from corrosion and chemical resistance. It is a chemical and physical process in which polymerization and evaporation takes place, which makes the bond on the surface of the material strong and stable. Curing agent is used in variety of applications, including marine, can & coil, decorative, protective and general industrial coating.
The growth in use of curing agent in different applications such as epoxy resin, paints, and coatings are drives the curing agent market. Moreover, increased consumption of epoxy curing agent in construction sector is likely to drive the market growth during the forecast period. The rapid growth of industries such as ships and paints & coatings has increased the demand for curing agents. In addition, the systematic framework of supply of these things help in market growth. However, stringent environmental regulations can hamper the demand for curing agent. Moreover, the hike in prices could hamper the global market of curing agent.
The curing agent market is segmented on the basis of type and end-use industry. By type, the market is categorized into epoxy, polyurethane, silicone rubber, and others. On the basis of end-use industry, the market is fragmented into paints & coatings, building & construction, electrical & electronics, composites, and others. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Major players operating in the global curing agent market are Albemarle Corporation, Alfa Chemical, Arnette Polymers LLC, Atul Ltd, BASF SE, Cardolite Corporation, Epochemie - Epoxy Curing Agents, Evonik Industries AG, Hexion Inc., Huntsman Corporation, Kumho P&B Chemicals, Inc., Mitsubishi Chemical Holdings Corporation, Olin Corporation, Shandong Deyuan Epoxy Resin Co. Ltd, Vijai poly products Pvt.
Other players operating in the curing agent market are LEUNA-Harze GmbH, Cargill, Aditya Birla Chemicals, Kumiai Chemical Industry Co. Ltd.
IMPACT OF COVID-19 ON THE GLOBAL CURING AGENT MARKET
Key Benefits For Stakeholders
Key Market Segments
By Type
By End use industry
By Region