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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Curing Agents Market Outlook
The global curing agents market will expand from USD 5.65 billion in 2023 to USD 8.80 billion by 2032, growing at a CAGR of 5% over the forecast period of 2024-2032.
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Vendors in the global market for curing agents are focusing on the development of waterborne coatings to substitute solvent-based coatings. Without the assistance of co-solvents, waterborne healing agents stay stable in water. These healing agents are sleek, anticorrosive, and at even low temperatures, they have healing skills. They are also cost-effective and eco-friendly. Waterborne epoxy coatings are gaining popularity among end-users due to such benefits.
Properties and Applications
A curing agent is a substance used to harden a material or surface. Typically, it is used on polymer surfaces to promote bonding of the molecular parts of the material.
The curing agents market can be divided based on segments like types and applications.
The industry can be divided on the basis of types as:
- Epoxy Curing Agent
- Amine-Based Curing Agents
- Anhydride Curing Agents
- Other Epoxy Curing Agents
- Polyurethane-Based Curing Agents
- Silicone Rubber
- Others
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The industry can be broadly categorised based on applications into:
- Coatings
- Electrical and Electronics
- Wind Energy
- Construction
- Composites
- Adhesives
- Others
The EMR report looks into the regional curing agents markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Market Analysis
It is anticipated that the increased use of epoxy healing agents in applications such as coatings, wind energy, electrical and electronics, construction, composites, adhesives, and others will boost the demand for curing agents in the coming years. The increasing need for high-performance, durable, and user-friendly goods is the main factor contributing to the development of the market for epoxy-based curing agents, further enhancing the curing agents market. The growing economy, growth in end-use industrial activity, and an increase in its demand in the Asia Pacific region are driving the growth of the coatings industry, particularly from emerging economies such as China, India, Thailand, Indonesia, and Malaysia, which is aiding the growth of the curing agents market.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global curing agents market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Hexion Inc.
- BASF SE
- Huntsman Corporation
- Olin Corporation (NYSE: OLN)
- Cardolite Corporation
- Evonik Industries AG
- Kukdo Chemical Co., Ltd.
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter's Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global curing agents market attained a value of USD 5.65 billion.
The market is projected to grow at a CAGR of 5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 8.80 billion by 2032.
The major drivers of the market include the growing economy, the rising use of curing agents in various end-use sectors, and the cost-effectiveness of solvent-based coatings.
The key trends guiding the growth of the market include the growing development of waterborne coatings as a substitute for solvent-based coatings, the increasing use of epoxy healing agents in applications such as coatings and wind energy, among others, and the increasing preference for high-performance, durable, and user-friendly goods.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Epoxy curing agent, polyurethane-based curing agent, and silicone rubber, among others, are the significant types of curing agents in the market.
The major applications of curing agents in the market are coatings, electrical and electronics, wind energy, construction, composites, and adhesives, among others.
The major players in the market are Hexion Inc., BASF SE (ETR: BAS), Huntsman Corporation (NYSE: HUN), Olin Corporation (NYSE: OLN), KUKDO Chemical (Kunshan) Co., Ltd., Evonik Industries AG (EVK: ETR), and Cardolite Corporation, among others.
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