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.
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:
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The industry can be broadly categorised based on applications into:
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.
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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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:
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.
|Scope of the Report||Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, Region|
|Breakup by Type||Epoxy Curing Agent, Polyurethane-Based Curing Agents, Silicone Rubber, Others|
|Breakup by Application||Coatings, Electrical & Electronics, Wind Energy, Construction, Composites, Adhesives, Others|
|Breakup by Region||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Market Dynamics||SWOT, Porter's Five Forces, Key Indicators for Price and Demand|
|Price Analysis||Historical and Forecast Price Trends- Regional|
|Competitive Landscape||Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications|
|Companies Covered||Evonik Industries (EVK :ETR), Hexion Inc., BASF SE (BAS:ETR), Huntsman Corporation (HUN:NYSE), Olin Corporation (NYSE: OLN), Cardolite Corporation, Kukdo Chemical Co., Ltd., Others|
|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.|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Global Curing Agents Market Analysis
8.1 Key Industry Highlights
8.2 Global Curing Agents Historical Market (2018-2023)
8.3 Global Curing Agents Market Forecast (2024-2032)
8.4 Global Curing Agents Market by Type
8.4.1 Epoxy Curing Agent
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2018-2023)
188.8.131.52 Forecast Trend (2024-2032)
184.108.40.206 Breakup by Type
220.127.116.11.1 Amine-Based Curing Agents
18.104.22.168.2 Anhydride Curing Agents
22.214.171.124.3 Other Epoxy Curing Agents
8.4.2 Polyurethane-Based Curing Agents
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2023)
184.108.40.206 Forecast Trend (2024-2032)
8.4.3 Silicone Rubber
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2023)
22.214.171.124 Forecast Trend (2024-2032)
8.5 Global Curing Agents Market by Application
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2023)
184.108.40.206 Forecast Trend (2024-2032)
8.5.2 Electrical and Electronics
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2023)
22.214.171.124 Forecast Trend (2024-2032)
8.5.3 Wind Energy
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2023)
184.108.40.206 Forecast Trend (2024-2032)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2023)
22.214.171.124 Forecast Trend (2024-2032)
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2023)
184.108.40.206 Forecast Trend (2024-2032)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2023)
22.214.171.124 Forecast Trend (2024-2032)
8.6 Global Curing Agents Market by Region
8.6.1 Market Share
126.96.36.199 North America
188.8.131.52 Asia Pacific
184.108.40.206 Latin America
220.127.116.11 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Country
18.104.22.168 United States of America
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Country
22.214.171.124 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Country
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Breakup by Country
126.96.36.199 Saudi Arabia
188.8.131.52 United Arab Emirates
184.108.40.206 South Africa
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
12.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
12.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
12.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
12.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Hexion Inc.
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
13.2.2 BASF SE (ETR: BAS)
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
13.2.3 Huntsman Corporation (NYSE: HUN)
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
13.2.4 Olin Corporation (NYSE: OLN)
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
13.2.5 KUKDO Chemical (Kunshan) Co., Ltd.
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
13.2.6 Evonik Industries AG (EVK: ETR)
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
13.2.7 Cardolite Corporation
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
14 Industry Events and Developments
List of Key Figures and Tables
1. Global Curing Agents Market: Key Industry Highlights, 2018 and 2032
2. Global Curing Agents Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Curing Agents Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Curing Agents Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Curing Agents Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Curing Agents Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Curing Agents Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Curing Agents Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Curing Agents Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Curing Agents Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Curing Agents Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Curing Agents Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Curing Agents Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Curing Agents Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Curing Agents Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Curing Agents Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Curing Agents Market Forecast: Breakup by Country (USD Million), 2024-2032
18. North America Historical Price Trends and Forecast 2018-2028
19. Europe Historical Price Trends and Forecast 2018-2028
20. Asia Pacific Historical Price Trends and Forecast 2018-2028
21. Latin America Historical Price Trends and Forecast 2018-2028
22. Middle East and Africa Historical Price Trends and Forecast 2018-2028
23. Global Curing Agents Market Structure
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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