Epoxy Curing Agents Market Worth 4,186.27 Million USD by 2020
PUNE, India, December 14, 2015 /PRNewswire/ --
The report "Epoxy Curing Agents Market by Type (Amines, Anhydrides, & Others), by Application (Coating, Wind Energy, Electronics, Construction, Adhesive, Composite, & Others), by Region, (North America, Europe, Asia-Pacific, & RoW) - Global Forecast to 2020", analyzes the global epoxy curing agents market with respect to market drivers, opportunities, and trends in different regions.
Browse 90 Tables and 67 Figures spread through 188 Pages and in-depth TOC on "Epoxy Curing Agents Market".
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The epoxy curing agents have different characteristics as per their manufacturing and application requirements in the end products. The Asia-Pacific region is expected to dominate the global market with its growing demand for epoxy curing agents in application markets, especially the coatings, electronics, adhesives, and composites. This market is estimated to grow at the highest CAGR of 8.2% between 2015 and 2020. The growth in the region is mainly due to the robust demand from the end-user industries, emerging middle class population, increased investments and production capacities of application industries.
Companies such as Air Products & Chemicals, Inc. and Huntsman Corporation operating in this market are focusing in the introduction of new epoxy curing agents in order to cater to the needs of the application markets such as coatings, adhesives, and electronics. This in turn would help these companies to increase their business share in the market. Hence, the company focuses on R&D with an aim to launch new products with advanced properties. Manufacturing companies, research associations, and end-product manufacturers need to infuse high investments for future advancements and technology modifications of epoxy curing agents to match the new demands coming from end-user industries.
Asia-Pacific is the largest region, both in terms of volume and value, followed by Europe and North America. India, China, Russia, and Brazil are expected to continue as successful markets for epoxy curing agents. The key players operating in the global epoxy curing agents market are Air Products & 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.
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The emerging countries in Asia-Pacific host the global events related to chemical industry which would supplement the growth of epoxy curing agents market across globe. With the improvement in the industrial manufacturing, local end-user production, and increasing population in the emerging economies, the demand of epoxy curing agents is expected to rise in this region. Also, the key exporters besides the players in China to the Asia-Pacific countries and the leading global manufacturers are expanding their capacities of epoxy curing agents in the recent past to cater the growing demand in the market. It depicts the rising demand from China and India as well as South-East Asia in the Asia-Pacific region. The report on the epoxy curing agents market depicts the current and future projections in terms of value and volume.
The global epoxy curing agents market was valued at USD 2,849.76 Million in 2014, and is projected to reach USD 4,186.27 Million by 2020, at a CAGR of 6.6% between 2015 and 2020. The high demand across the industries, such as coatings, wind energy, electrical & electronics, construction, adhesives, composites, & others is expected to increase the consumption of epoxy curing agents.
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