According to a new market report published by Lucintel, the future of the epoxy curing agent market looks promising with opportunities in the wind energy, pipes and tank, and aerospace end uses. The global epoxy curing agent market is expected to reach an estimated $517.2 million by 2027 with a CAGR of 7.4% from 2021 to 2027. The major growth drivers for this market are increasing use of high-performance epoxy based composite materials and the growth of end use industries.
Browse 68 market data tables and 107 figures spread through 205 pages and in-depth TOC on “Global Epoxy Curing Agent Market"
In this market, aliphatic amines, aromatic amines, cycloaliphatic amines, dicyandiamide, anhydride, and catalyst are the major product type of epoxy curing agent. Lucintel forecasts that aliphatic amines will remain the largest segment and cycloaliphatic amines is expected to witness the highest growth over the forecast period due to its better mechanical properties like; low viscosity, rapid cure at elevated temperature, high thermal resistance, and improved blush resistance.
Within the epoxy curing agent market, wind energy will remain the largest end use segment and is also expected to witness the highest growth over the forecast period due to increasing use of composites materials in wind blade manufacturing.
Asia Pacific is expected to remain the largest region due to increasing demand for composites in pipe and tank and wind energy industries. Europe is expected to witness the highest growth over the forecast period.
Emerging trends, which have a direct impact on the dynamics of the industry, includes development of curatives to address specific needs of customer industries, expansion in low cost regions and high growth markets, and increasing inter-material competition and switching. BASF, Evonik, Huntsman, Hexion, Dow, and Cardolite companies are among the major suppliers of epoxy curing agents.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global epoxy curing agent market by end use, product type, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Epoxy Curing Agent Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global epoxy curing agent market by end use, product type, and region as follows:
By End Use [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:
•Wind Energy
•Pipes and Tanks
•Aerospace
•Others
By Product Type [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:
•Aliphatic Amines
•Aromatic Amines
•Cycloaliphatic Amines
•Dicyandiamide
•Anhydride
•Catalyst
By Region [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:
•North America
•Europe
•Asia Pacific
•The Rest of the World
This 205-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/epoxy-curing-agents-in-composites-industry.aspx or write us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high growth opportunities for the global epoxy curing agent market by end use (wind energy, pipe and tank, aerospace, and others), product type (aliphatic amines, aromatic amines, cycloaliphatic amines, dicyandiamide, anhydride, and catalyst), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?