Global Latent Curing Agents for Epoxy Resin Market Growth 2023-2029

Global Latent Curing Agents for Epoxy Resin Market Growth 2023-2029

The global Latent Curing Agents for Epoxy Resin market size is projected to grow from US$ 331.6 million in 2022 to US$ 541.7 million in 2029; it is expected to grow at a CAGR of 541.7 from 2023 to 2029.

The key manufacturers of latent curing agents for epoxy resin in the world include Westlake (Hexion), Asahi Kasei, Dasen Material, Alzchem Group, Shikoku Chemicals Corporation, Ajinomoto Fine-Techno, T&K toka and Mitsubishi Chemical, among which the top three manufacturers have more than 30% market share. The global production of latent curing agents for epoxy resin is mainly distributed in North America, Europe, China, Japan and Southeast Asia, among which the first two major production regions account for more than 40% of the market share. At present, North America is the largest production region, accounting for more than 20% of the market share. In terms of products, the growth rate of fine powder is relatively faster, and the current market share exceeds 80%, followed by viscous liquid. As far as applications are concerned, electronics is the first application field, accounting for more than 65% of the market share, followed by automotive.

Latent curing agent is a curing agent that has certain storage stability at room temperature after being combined with epoxy resin, and can quickly cross-link and cure epoxy resin under conditions such as heating, light, moisture or pressure.

Now most epoxy curing agents are two-component, they not only need to be packaged, stored and transported separately, which brings many operational and environmental problems, but also measurement errors and uneven mixing during mixing and preparation can easily cause fluctuations in important properties such as the adhesive strength of the product. The viscosity of the system continues to increase with the progress of the chemical reaction, and its service life is limited. It is not suitable for the new automatic bonding process, and it is easy to cause scrap.

The development of one-component epoxy resin curing agents with improved quality and suitable for new processes has always attracted people's attention.

The research and development of latent curing agent is the most active and important. This type of curing agent is mainly implemented by temporarily blocking or passivating the active groups and structures of some curing agents with high reactivity and poor storage stability. Many general-purpose two-component rings The low-temperature, medium-temperature and high-temperature curing agents of epoxy resin adhesives are developed by adjusting and controlling the reactivity by physical and chemical means. After this type of curing agent is added to epoxy resin, it has good room temperature, Storage stability under normal pressure. During use, external physical and chemical factors such as moisture, light, heat or pressure can be used to activate relatively stable curing agents according to different mechanisms and participate in the curing of epoxy resin.

LPI (LP Information)' newest research report, the “Latent Curing Agents for Epoxy Resin Industry Forecast” looks at past sales and reviews total world Latent Curing Agents for Epoxy Resin sales in 2022, providing a comprehensive analysis by region and market sector of projected Latent Curing Agents for Epoxy Resin sales for 2023 through 2029. With Latent Curing Agents for Epoxy Resin sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Latent Curing Agents for Epoxy Resin industry.

This Insight Report provides a comprehensive analysis of the global Latent Curing Agents for Epoxy Resin landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Latent Curing Agents for Epoxy Resin portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Latent Curing Agents for Epoxy Resin market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Latent Curing Agents for Epoxy Resin and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Latent Curing Agents for Epoxy Resin.

This report presents a comprehensive overview, market shares, and growth opportunities of Latent Curing Agents for Epoxy Resin market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Fine Powder
Viscous Liquid

Segmentation by application
Electronics
Automotive
Wind Turbine
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Westlake(Hexion)
Asahi Kasei
Dasen Material
Alzchem Group
Shikoku Chemicals Corporation
Ajinomoto Fine-Techno
T&K toka
Mitsubishi Chemical

Key Questions Addressed in this Report

What is the 10-year outlook for the global Latent Curing Agents for Epoxy Resin market?

What factors are driving Latent Curing Agents for Epoxy Resin market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Latent Curing Agents for Epoxy Resin market opportunities vary by end market size?

How does Latent Curing Agents for Epoxy Resin break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.