Epoxy Curing Agents Market in Composites Industry Size, Share, Trend, Forecast & Growth Opportunities: 2023-2028
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Epoxy Curing Agents Market in Composites Industry Size, Share, Trend, Forecast & Growth Opportunities: 2023-2028
The Epoxy Curing Agents Market in Composites Industry is segmented by End-Use Type (Wind Energy, Pipe and Tank, Aerospace, and Others), by Product Type (Aromatic Amines, Aliphatic Amines, Cycloaliphatic Amines, Catalyst, Dicyandiamide, Anhydride, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
The Epoxy Curing Agents Market in Composites Industry is segmented by End-Use Type (Wind Energy, Pipe and Tank, Aerospace, and Others), by Product Type (Aromatic Amines, Aliphatic Amines, Cycloaliphatic Amines, Catalyst, Dicyandiamide, Anhydride, and Others), and by Region (North America, Europ...
The Epoxy Curing Agents Market in Composites Industry was estimated at US$ 3.99 billion in 2022 and is expected to grow at a healthy CAGR of 6.7% during 2023-2028 to reach US$ 5.93 billion by 2028.
Epoxy curing agents are chemical compounds essential in the epoxy resin curing or hardening process. Epoxy resins, known for their versatile applications in adhesives, coatings, and composites, require curing agents to transform from liquid to solid. These agents initiate the cross-linking reaction, creating a durable and rigid structure. Common curing agents include amines, anhydrides, and phenols, each offering specific curing properties and performance characteristics. The choice of epoxy curing agent influences the final material's strength, flexibility, and chemical resistance.
Market Drivers
The prime factors contributing to the demand for the epoxy curing agents market in composites industry are the increasing use of high-performance epoxy-based composite materials and the robust growth of the end-use market.
Segments Analysis
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By End-Use Industry Type
The market is segmented into wind energy, pipe & tank, aerospace, and others. The wind energy segment held the largest share of the market and it is expected to remain dominant during the forecast period. The increasing use of composite materials in wind blade manufacturing is driving the growth of this segment.
By Product Type
The epoxy curing agents market in composites industry is segmented into aromatic amines, aliphatic amines, cycloaliphatic amines, catalysts, dicyandiamide, anhydride, and others. The aliphatic amines segment dominates the market, whereas aromatic amine is expected to experience the highest growth during the forecast period driven by the growing demand for high-performance composites in aerospace applications.
Regional Analysis
In terms of regions, Asia-Pacific is estimated to be the largest epoxy curing agents market in composites industry during the forecast period, with China, Japan, and India, being the major countries with lucrative as well as fastest-growth opportunities. The growth of the market is driven by the increasing demand for composites in the pipe & tank and wind energy industries. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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Key Players
Some of the major epoxy curing agent manufacturers in composites industry are-
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
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Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth Analysis of the Epoxy Curing Agents Market in Composites Industry
How lucrative is the future?
The market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?
Market Segment Analysis and Forecast
Who are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
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Evonik, BASF SE, Huntsman Corporation, Hexion Inc., and Dow Inc. and Cardolite Corporation are among the key players in the epoxy curing agents’ market in the composites industry.
The wind energy segment is expected to remain the dominant end-use industry in the epoxy curing agents market in the composites industry in the coming years.
