July 8, 2019 by Steve Blade
The most prevalent matrix for sophisticated composites and for a range of demanding applications has been epoxy. Though epoxies may cede to polyimides when it comes to performing in high temperature, its properties such as processing versatility; low shrinkage; tremendous adhesion and good corrosion resistance, namely have propelled its popularity.
Amine has become one of the most common curing agents as the excellent crosslink density enhances physical properties. Aromatic amine has been improved to achieve formidable heat resistance and chemical resistance as compared to aliphatic amine. Nevertheless, aromatic amine has often led to the amelioration of the low shrinkage, stiffness and temperature capability. Meanwhile, polyamide resin has been pervasive as a curing agent for epoxy resin. Given polyamide possess high hydrocarbon moiety in its molecules, it cures epoxy resin into a highly plasticized rigid thermosetting. Prominently, rising demand for polyamide could be attributed to its compression, high tensile, potency, stiffness and scintillating shock resistance. According to the study, growing demand for amines and polyamines in industrial applications substantiates close to 50 percent revenue share in the epoxy curing agents market.
China to Spearhead the Market Growth with a Hefty Revenue Share
The incremental growth prospects of the epoxy curing agents market are predominantly attributing to exponentially increasing consumption of epoxy curing agents in the paints, coatings, and ink industry in developing countries. The Fact.MR report finds that China accounts for nearly 45% revenue share in the epoxy curing agents market with maximum consumption in rapidly-growing end-user industries in the country.
The automotive industry is China has been witnessing robust growth since the past few years, and increasing automotive production in the country continues to create lucrative growth opportunities for stakeholders in the epoxy curing agents market. Moreover, floorings and manufacturing industries hold a significant share in the impressive growth of the epoxy curing agents market in China. Thereby, epoxy curing agents market is gaining traction in the Asia-Pacific region to become the most lucrative region followed by Western Europe, according to the Fact.MR report.
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Epoxy Curing Agents Market: Overview
The report provides a coherent analysis on the epoxy curing agents market with the assistance of qualitative and quantitative analysis. The report also focuses on the dynamics of the epoxy curing agents market, elucidating drivers, opportunities, restraints and trends. Further, the report delves into the segregation of the market to offer a holistic picture of epoxy curing agents. The report elucidates the market size and volume of paints coatings and inks, adhesives and sealants and composites. With respect to end-users, the report expands to construction, power generation, electrical and electronics, automotive and aerospace and marine.
Growing Demand for Lightweight Materials will Increase Applications of Epoxy Curing Agents across Industries
Stringent regulatory norms and quality standards are bolstering the use of lightweight materials in various industrial sectors, including aerospace as well as automotive industries. In addition, epoxy curing agents have been witnessing burgeoning demand the manufacturing of printed circuit boards (PCBs) that are vastly used in an exhaustive range of electronic products, such as mobile devices, smartphones, automotive electronics, machinery, and other consumer electronics. Thereby, growing demand for epoxy curing agents as a lightweight raw materials in various industrial applications will continue to hold a significant impact on developments in the epoxy curing agents market in upcoming years.
Primary research and secondary research offer a robust assessment on epoxy curing agents market. Primary research embodies unbiased review from experts, telephonic interview, veracious views from surveys and seasoned analyst. Meanwhile, the secondary research incorporates Factiva, EC filing, trade journals and resourceful database. The report also includes Y-o-Y projections and absolute dollar opportunity analysis.
Epoxy curing agents Market: Competitive Landscape
A comprehensive analysis of competitive landscape of the epoxy curing agents market is underpinned through the incorporation of Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis delineates strategies undertaken or deployed by leading companies in the epoxy curing agents market. Meanwhile, the report is propelled by inclusion of SWOT analysis, company profile, annual revenue and strategic overview.
Other key companies in the epoxy curing agents market include Olin Corporation, Evonik Industries AG, Hexion Inc., Gabriel Performance Products, BASF SE, Cargill Incorporated, DIC Corporation, Mitsubishi Chemical Corporation, Showa Denko KK, Toray Fine Chemicals Co. Ltd, and Aditya Birla Corporation.
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