Loading, Please Wait...
Albany, New York, July 10, 2019 (GLOBE NEWSWIRE) -- The latest report published by Transparency Market Research talks about the global epoxy curing agent market. The overall valuation of the global epoxy curing agents market was initially reported to be US$3600 million in 2017. During the given forecast period of 2017 to 2025, the epoxy curing agents market is expected to grow at a healthy CAGR of 6.5%.
The epoxy curing agents market can be fragmented into different segments as per the type of product. The market can be segmented into polyamides, imidazoles, and amines among others. Of these, the market share of epoxy curing agents is expected to be dominated by amine-based curing agents over the course of a given forecast period of 2017 to 2025. On a geographical front, the global epoxy curing agents market is expected to be dominated by the Asia Pacific region in the coming years.
Request A Sample of Global Epoxy Curing Agents Market: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=25847
The growth of the global epoxy curing agents market is growing at a considerable pace owing to the heavy use of these curing agents especially in the aerospace and wind energy industries. Additionally, the demand for the pain and coatings industry is also growing, thus resulting in developing the epoxy curing agents market across the globe.
Some of the key players in the global epoxy curing agents market include names such as RPM International Inc., Gabriel Performance Products, Huntsman International LLC, Hexion Inc., BASF, Evonik Industries, and Royce among others. Important players in the market are implementing strategies such as partnerships and joint ventures to bolster their business portfolios.
Is something restraining your company’s growth in the Epoxy Curing Agents Market? Ask for the report brochure here
In 2017, Huntsman LLC opened up a new production facility in Singapore. It helped the company to double its production capacity from 25,000 tons to 50,000 tons per year. In April 2018, Hexion Inc. introduced a new product EPOSIL Resin 5550. This product offers more efficiency in terms of protective coatings.
Increasing Demand from Electrical Manufacturing Sector to Drive Market Growth
There are several factors that are positively contributing to the growth of global epoxy curing agents market. One of the key driving factors for the market growth is the increasing demand for epoxy curing agents from the electrical manufacturing sectors. In addition to this, there are strict guidelines in place for the use of lightweight components in the automotive and aerospace industry. This is also helping to drive the growth of the global epoxy curing agents market.
It is projected that the market will witness a high usage with regards to bio-based resins. Also, the time taken for adopting epoxy curing agents is also likely to come down. Additionally, the growth of the global epoxy curing agents market is also expected to be fuelled by the increasing demand for printed circuit boards (PCBs) in the electronics industry.
Stuck in a neck-to-neck competition with other brands? Request a custom report on competition on Epoxy Curing Agents Market here
Environmental Concerns to Hamper Market Development
The aforementioned growth of the global epoxy curing agents market is not without some challenges in its path. One of the important restraining factors for the slowdown of the epoxy curing agents market is the increasing costs of raw materials in the aerospace and wind energy industries.
Another factor that is projected to hamper the growth of the global epoxy curing agents market is the increasing environmental concerns about the epoxy curing agents. These agents emit hazardous compound called volatile organic compounds (VOCs).
With these growing concerns about the environment, manufacturers are trying to develop more eco-friendly epoxy curing coating agents. This is expected to create new opportunities for the growth of the global market.
Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=25847
The information presented in this review is based on a Transparency Market Research report, titled, “Epoxy curing agents Market (Product - Amines, Polyamides, Imidazoles, Anhydrides; End use Industry - Building and Construction, Transportation, Electrical and Electronics, Wind Energy) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025.”
Key segments of the global epoxy curing agents market are as presented:
Browse Chemicals and Materials Market Research Reports
Popular Research Reports by TMR:
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Mr. Rohit Bhisey
Transparency Market Research
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
Research Blog: http://www.europlat.org/