HOME › Research Insight › The epoxy curing agents market is driven by the important global players and their product qualities in the key growth markets.
The epoxy curing agents market is driven by the important global players and their product qualities in the key growth markets.
There are various market players operating in the global epoxy curing agents market. Air Products and Chemical Inc. (U.S.), Hexion Inc. (U.S.), Cardolite Corporation (U.S.), Dow Chemical Company (U.S.), Huntsman Corporation (U.S.), BASF S.E. (Germany), Evonik Industries (Germany), Kukdo Chemicals (South Korea), Atul ltd. (India), and others regional players, are the key manufacturers of epoxy curing agents at the global level.
The leading market players have backward as well as forward integrated value chains so as to reduce the impact of external environment on their businesses. Also, the leading players are expected to expand their businesses by adopting various strategies in order to strengthen their foothold in this market.
Air Products & Chemicals, Inc. have been the most active player from 2011 to 2015 (till July), in terms of developments in the epoxy curing agents. In terms of market activities, new product launch has been the most preferred development strategy. For instance, in October 2014, Air Products unveiled its new epoxy curing agents and accelerators for adhesives and composites application industries.
Huntsman Corporation is another major player operating in this market. It launched its new highly reactive epoxy curing agent for different applications such as coatings, adhesives and composites.
The global epoxy curing agents market has witnessed a steady growth in the past few years and is estimated to continue during the forecast period. Asia-Pacific is one of the major contributors to the global epoxy curing agents market. It is expected to grow at a CAGR of 8.2% between 2015 and 2020, in terms of volume.
The rising demand from end-user industries thriving the consumption of epoxy curing agents products such as amines, anhydrides, and others, are expected to drive the market in Asia-Pacific. Also, the Asia-Pacific market is driven by increased foreign investments due to the cheap labor and accessible raw materials. In addition, government proposals to improve the manufacturing and rising cash intensive non-residential construction activities, coupled with the increase in the manufacture of end-use products, are fueling the epoxy curing agents market.
Some of the major players present in this region are Atul Ltd. (India), Aditya Birla Chemicals (Thailand), Kukdo Chemical Co., Ltd (South Korea), Mitsubishi Chemical Corporation (Japan), Epoxy Base Electronic Material Co. Ltd (China), and others local players.
Epoxy Curing Agents Market by Type (Amines, Anhydrides, & Others), by Application (Coating, Wind Energy, Electronics, Construction, Adhesive, Composite, & Others), by Region, (North America, Europe, Asia-Pacific, & RoW) - Global Forecast to 2020
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