Global Curing Agents Market Report and Forecast 2023-2028

Global Curing Agents Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global curing agents market reached a value of USD 5.38 billion in 2022. Aided by the soaring demand in diverse applications ranging from coatings and composites to adhesive industries, the market is projected to further grow at a CAGR of 5.1% between 2023 and 2028 to reach a value of USD 7.21 billion by 2028.

Curing agents, commonly known as hardeners, are indispensable chemical components utilised to promote the polymerisation process in various resins, thus endowing them with enhanced properties. These agents play a quintessential role in determining the final attributes of polymer materials, such as their chemical resistance, mechanical properties, and thermal stability. Owing to these capabilities, curing agents find themselves at the heart of many applications, most notably in the production of epoxy resins.

The robust expansion of the construction sector globally has served as a significant driver for the curing agents market growth. Epoxy resins incorporated with curing agents are extensively used in construction applications due to their excellent adhesive properties, durability, and resistance to wear and tear. With infrastructural development gaining traction, especially in emerging economies, the demand for high-quality adhesives and coatings has surged, inadvertently pushing the need for curing agents.

Furthermore, the automotive and aerospace industries are continually seeking materials that are lightweight yet sturdy. As per the curing agents market analysis, curing agents, when paired with resins, produce composites that meet this criterion, leading to enhanced fuel efficiency in vehicles and aircraft. This growing preference for lightweight composites in transportation sectors fuels the market expansion.

The electronics industry is another burgeoning sector contributing to the market's growth. Curing agents are employed in the production of encapsulation materials and sealants used in electronic devices, thanks to their ability to confer excellent electrical insulation and protection against external environmental factors.

However, it is not just their functional properties that are pushing the curing agents market demand. The aesthetic appeal they lend when used in coatings is boosting their usage in decorative applications, furniture, and flooring solutions. As urbanisation progresses and the penchant for aesthetically appealing interiors rises, curing agents find increased utility in decorative coatings and finishes.

Market Segmentation

The market can be divided based on type, application, and region.

Market Breakup by Type

• Epoxy Curing Agent

Amine-Based Curing Agents

Anhydride Curing Agents

Other Epoxy Curing Agents

• Polyurethane-Based Curing Agents
• Silicone Rubber
• Others

Market Breakup by Application

• Coatings
• Electrical and Electronics
• Wind Energy
• Construction
• Composites
• Adhesives
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global curing agents market. Some of the major players explored in the report by Expert Market Research are as follows:

• Hexion Inc.
• BASF SE
• Huntsman Corporation
• Olin Corporation
• KUKDO Chemical (Kunshan) Co., Ltd.
• Evonik Industries AG
• Cardolite Corporation
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.