LONDON, Dec. 15, 2015 /PRNewswire/ -- The report covers the global epoxy curing agents market. It divides the market on the basis of types, applications, and regions. The market data for these types is provided with respect to volume (Thousand Tons) and value (USD Million). The market size in terms of value of epoxy curing agents was valued at USD 2,849.76 million in 2014 and is projected to grow at a CAGR of 6.6% between 2015 and 2020. The data mentioned in the report is based on the overall demand for the epoxy curing agents.
The epoxy curing agents market has been analyzed on the basis of Porter's five forces model. This gives an idea about the current proceedings in the industry at the commercial level. The study provides the value chain analysis with respect to epoxy curing agents raw materials, manufacturers, and end-users. The value chain describes the key contributors to the materials market at different stages from product development to end use. It represents the top players that are contributing to the global epoxy curing agents industry.
The impact of different market factors, such as drivers, restraints, and opportunities are also illustrated in the report. Factors such as increasing demand of epoxy curing agents in the emerging economies such as China, India, and others, growing population and their needs, increased manufacturing growth, and newer industrial applications are driving the growth of the market.
The key companies in this market are Air Products and Chemical Inc. (U.S.), Hexion Inc. (U.S.), Cardolite Corporation (U.S.), Dow Chemical Company (U.S.), Huntsman corporation (U.S.), BASF S.E. (Germany), Evonik Industries (Germany), Kukdo Chemicals (South Korea), Atul Ltd (India), and others regional players. These companies are consistently focusing on expanding their production capacity and launching new products to achieve a competitive advantage, and thereby serving the customers more effectively. New product launches have been the most preferred development strategy adopted by the top players from 2011 to 2015.
The different strategies adopted by the leading companies to capture the market in developing economies include expansions, new product launches, acquisitions, and partnerships. These companies have been focusing on expansions with larger capacities to cater to the high demand statistics of the market. Increasing end-user demand for epoxy curing agents led the manufacturers to come up with new strategies to tap the emerging markets in various regions. For instance, in April 2014, Air Products & Chemicals unveiled a number of epoxy curing agents for variety of coating and other applications.
China has become the world's largest consumers of epoxy curing agents with many major players investing in the country to build new manufacturing facilities and catering to the needs of the growing population. Asia-Pacific is the most potential markets of epoxy curing agents. .
Scope of the report
The report segments the global epoxy curing agents market as mentioned:
The epoxy curing agents market has been covered in detail in this report. In order to provide an all-round picture, the current market demand and forecasts have also been included.
On the basis of Types:
o Aliphatic Amines
o Cycloaliphatic Amines
On the basis of the Applications:
- Wind Energy
- Electrical & Electronics
On the basis of Region:
- North America
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