The global market for epoxy hardeners was estimated at approximately US $ 3,600 Mn in 2017 and is expected to grow by more than 6.5% from 2017 to 2025 with a CAGR, according to a new report published by Transparency Market Research (TMR) entitled & # 39; Epoxy Curing Agents- Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017-2025. "The expansion of the global market for epoxy hardening agents is driven by the rising demand from the construction and construction and electrical and electronics sectors." The market for epoxy hardeners in the Asia Pacific region is expected to have a CAGR of more than 7%. Growing during the forecast period Innovations in products and a wide range of application in air and wind power applications are likely to stimulate the market for epoxy hardeners in the region.
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Increase in the use of epoxy hardeners in the paint and coatings industry
The painting and coatings segment is the most important market for epoxy hardening agents in terms of volume and turnover. Epoxy-based agent-based products dry quickly and provide excellent hardness for coatings in construction. Epoxy-based resins based resins used in paints and coatings include floor paint, concrete floor paint, garage epoxy paint and epoxy primers. Such paints and coatings prevent corrosion and rust on surfaces where they are applied. Epoxy-based coatings are also widely used in primers for improving the adhesion of ship and car paints. Because such coatings have better chemical and heat resistance compared to other coatings, they are also used in industrial applications.
Amines and polyamides are leading product segments of the market for epoxy-hard agents
As far as the product is concerned, the market for epoxy hardeners can be classified into amines, polyamides, imidazoles, anhydrides and others. Polyamides have numerous properties in comparison with other types, such as the ability to cure epoxy resins in highly plasticized rigid thermosetting polymers. The hardened resin offers high tensile, compressive and flexural strengths and is also rigid, strong and extremely resistant to shocks. It is expected that the polyamide segment is responsible for a large part of the market for epoxy curing agents. Polyamides are widely used in the building and consumer electronics industries due to their favorable properties. Developing countries such as China, India and Japan are expected to increase the use of polyamides and amines, which will increase their demand. Increasing demand for curing resin resins at low temperature in the paint and coating application is expected to positively influence the expansion of the amine segment in the near future.
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Expansion in the building and construction industry as fuel for the market for epoxy hardeners
For the end-use industry, the market for epoxy hardening agents can be divided into building & construction, transport, electrical and electronics, wind energy and others. The construction and construction segment dominated the market for epoxy curing agents in 2017. The trend is expected to continue during the forecast period. The electrical engineering and electronics segment is likely to be followed in the forecast period by the construction & construction segment in terms of market share. The segment is expected to have a market share of more than 20% in 2017. Expansion of the segment is attributed to the increasing consumption of consumer electronics and an increase in the number of partnerships between market players to expand the global presence.
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