Epoxy Curing Agents Market

Epoxy Curing Agents Market Analysis and Forecast by Raw Material, Grade, Cure Mechanism, End-use, Region, and Country, 2023-2033

Rising Demand in Construction, Automotive, and Industrial Applications Fuels Market Growth

Category: Chemicals & Materials Published Date : Oct-23 ID: CVC0191 Format: PDF Pages: 300


The epoxy curing agents market is witnessing a surge in demand, primarily driven by its diverse applications in the construction, automotive, and industrial sectors. The market is expected to grow substantially, focusing on innovation, performance, and environmental sustainability.

Key Findings

  • The market value is projected to increase from $3927.5 million in 2023 to $6336.7 million in 2033.
  • The Compound Annual Growth Rate (CAGR) for this period is estimated at 4.9%.
  • The largest segment in this market is paints and coatings with a share of 43.1%.
  • Europe is the largest market for epoxy curing agents globally

Key Factors Driving Demand for Epoxy Curing Agents

Construction Industry

The construction sector is a significant driver for the epoxy curing agents market. Epoxy curing agents are essential for concrete repair, flooring, and other construction applications. Their excellent adhesive properties, chemical resistance, and durability make them ideal for construction projects, thereby driving market growth.

Automotive Sector

In the automotive industry, epoxy curing agents are used in coatings, adhesives, and composite materials. Their ability to offer excellent mechanical strength and chemical resistance makes them indispensable in automotive applications, further propelling market demand.

Environmental Concerns

The growing focus on environmental sustainability is pushing the market towards eco-friendly epoxy curing agents. These agents are designed to be low-VOC and are increasingly being used in green construction projects and eco-friendly automotive applications.

Opportunities in the Epoxy Curing Agents Market

The market is ripe with opportunities, especially in developing countries where construction activities are booming. The need for durable and efficient materials in these construction projects offers a significant opportunity for epoxy curing agents. Additionally, the rise in automotive manufacturing and the focus on sustainable practices are expected to create new avenues for market growth.

Key Challenge in the Epoxy Curing Agents Market

Regulatory compliance remains a challenge, especially concerning environmental standards. The production and application of epoxy curing agents must meet stringent environmental regulations, which can increase production costs and limit market expansion.

Segment-wise Analysis

Epoxy Curing Agents Market, By Type

The aliphatic amines segment is expected to dominate the market in 2023 due to their fast curing times and broad application range. Their versatility makes them ideal for both industrial and consumer applications, driving their market growth.

Epoxy Curing Agents Market, By Application

In terms of application, the paints and coatings segment is expected to hold the largest market share. The demand for epoxy coatings in automotive, industrial, and construction applications is driving this segment’s growth. In 2023, this segment holds nearly 43% market share.

Epoxy Curing Agents Market, By End-use

The industrial segment is anticipated to lead the market in terms of end-use. The need for high-performance materials in various industrial applications is expected to drive demand in this segment.

Region-Wise Analysis

Epoxy Curing Agents Market in North America

North America remains a significant market for epoxy curing agents, primarily driven by the robust industrial and construction sectors. The United States, in particular, has seen a surge in demand for epoxy curing agents in the automotive and aerospace industries, where high-performance materials are essential. Additionally, the region’s focus on sustainable and green construction practices has led to the development of eco-friendly epoxy curing agents. Regulatory frameworks like the EPA’s guidelines on VOC emissions also influence the market, pushing for low-VOC and HAP-free products. Innovations in epoxy technologies, such as UV-curable epoxies, are further driving market growth.

Epoxy Curing Agents Market in Europe

Europe is another strong market for epoxy curing agents, characterized by stringent quality and environmental standards. The European Union’s REACH regulations have a significant impact, encouraging the development of safer and more sustainable products. Countries like Germany and the UK are leading in the use of epoxy curing agents in renewable energy applications, particularly wind turbines. The marine industry, including shipbuilding and maintenance, is another sector where epoxy curing agents are extensively used, given the region’s rich maritime history and substantial coastline.

Epoxy Curing Agents Market in Asia Pacific Excluding Japan

The Asia Pacific region, excluding Japan, is experiencing rapid industrialization, making it a burgeoning market for epoxy curing agents. Countries like China and India are investing heavily in infrastructure development, including public transportation and urban construction, where epoxy curing agents are crucial for durability and longevity. The region is also a hub for the electronics industry, which utilizes epoxy curing agents in encapsulation and potting applications. The focus on domestic manufacturing and the shift of global production bases to this region further contribute to market growth.

Epoxy Curing Agents Market in Japan

Japan stands out for its technological advancements and high-quality manufacturing practices, making it a significant market for specialized epoxy curing agents. The country’s automotive and electronics sectors are particularly noteworthy, requiring high-performance materials that meet stringent quality standards. Japan’s focus on miniaturization in electronics has led to the development of advanced epoxy curing agents that offer superior thermal and electrical properties. The country’s commitment to sustainability also drives the market for eco-friendly options.

Epoxy Curing Agents Market in Latin America

Latin America is an emerging market for epoxy curing agents, driven by its growing industrial and construction sectors. Countries like Brazil and Mexico are seeing increased investment in infrastructure projects, including roads and bridges, where epoxy curing agents play a vital role. The region is also rich in natural resources, leading to applications in the mining and oil and gas sectors. However, the market faces challenges in terms of regulatory compliance and import dependencies.

Epoxy Curing Agents Market in the Middle East and Africa

The Middle East and Africa region is gradually gaining traction in the epoxy curing agents market. The construction sector, particularly in countries like the UAE and Saudi Arabia, is booming, thanks to various mega-projects and smart city initiatives. These projects often require materials that can withstand harsh environmental conditions, making epoxy curing agents a preferred choice. The oil and gas sector is another significant contributor, given the region’s rich petroleum reserves. However, political instability and regulatory challenges pose some risks to market growth.

Leading Players in the Epoxy Curing Agents Market

Some of the leading players in the market are Park Aerospace Corp., Reliance Composites Polymers, Barrday Inc., Hexcel Corporation, Mitsubishi Chemical Corporation, Evonik Industries AG, Huntsman Corporation, Bhor Chemicals and Plastics Private Limited, Atul Ltd., Cytec Solvay Group

Reliance Composites Polymers
Reliance Composites Polymers is a key manufacturer focusing on a wide range of epoxy resins and curing agents. The company has been in the news for its strategic partnerships aimed at expanding its global footprint, particularly in emerging markets.

Barrday Inc.
Barrday Inc. is known for its innovative solutions in advanced materials, including epoxy curing agents. The company recently announced the development of a new line of eco-friendly epoxy curing agents, aligning with the growing demand for sustainable products.

Hexcel Corporation
Hexcel Corporation is a leading manufacturer of advanced composite materials, including epoxy curing agents. The company has recently secured several contracts with aerospace companies, further solidifying its position in the market.

Mitsubishi Chemical Corporation
Mitsubishi Chemical Corporation is a global leader in chemicals, including epoxy curing agents. The company has been focusing on RandD to develop high-performance epoxy curing agents for automotive and industrial applications.

Evonik Industries AG

Evonik Industries AG is a German multinational specializing in specialty chemicals. The company recently launched a new range of epoxy curing agents specifically designed for wind turbine applications, tapping into the renewable energy sector.


The epoxy curing agents market is poised for substantial growth, driven by its diverse applications in the construction, automotive, and industrial sectors. Key market segments include aliphatic amines and coatings, with industrial applications dominating the end-use sector. Regionally, North America and Europe are leading in technological and sustainability initiatives, while Asia Pacific is showing rapid growth. Key players are focusing on innovation, sustainability, and global expansion, shaping the future of the market growth.

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1.1. Global Market Outlook

1.2. Technology Roadmap

1.3. Supply and Demand Side Trends

1.4. Strategic Success Factors

1.5. Analysis and Recommendation

2.1. Market Taxonomy

2.2. Market Definitions

2.3. Inclusions and Limitations

3.1. Supply Side Overview

3.2. Demand Side Overview

4.1. Macroeconomic Factors

4.2. Forecast Factors

4.3. PEST Analysis

4.4. Porter’s Five Forces

4.5. Value Chain Analysis

4.6. Market Dynamics

4.6.1. Drivers

4.6.2. Restraints

4.6.3. Opportunities

4.7. Patent Analysis

4.8. Trade Analysis

4.9. Investment Feasibility Matrix

4.10. Challenges for New Entrants

4.11. Regulations Overview

4.12. Covid-19 Impact Assessment

4.12.1. Economy/Cluster Projections

4.12.2. Covid-19 Economic Assessment

4.12.3. Potential Impact on Target Market

4.12.4. Recovery Scenario

5.1. Historical Value ($ Mn) and Future Market Value ($ Mn) Projection Analysis

5.2. Demand Y-o-Y Growth Rate Analysis

5.3. Total $ Opportunity Analysis

5.4. Historical Volume (Tons) and Future Market Volume (Tons) Projection Analysis

6.1. Regional Pricing Analysis by Source

6.2. Regional Price Forecast

6.3. Profit Margin Analysis

6.4. Future Price Impact Factors

7.1. Introduction

7.2. Market Trends

7.3. Historical Market Analysis and Market Forecast Analysis

7.3.1. Amine

7.3.2. Anhydrides

7.3.3. Polyamides

7.3.4. Phenols

7.3.5. Lewis Acid

7.3.6. Others

7.4. Market Attractiveness Analysis

8.1. Introduction

8.2. Market Trends

8.3. Historical Market Analysis and Market Forecast Analysis

8.3.1. Fast Cure

8.3.2. Standard

8.3.3. High-performance

8.3.4. Low-Temperature

8.3.5. Water-resistant

8.3.6. Heat-resistant

8.3.7. UV-resistant

8.4. Market Attractiveness Analysis

9.1. Introduction

9.2. Market Trends

9.3. Historical Market Analysis and Market Forecast Analysis

9.3.1. UV Curing

9.3.2. Thermal Curing

9.3.3. Catalytic Curing

9.3.4. Room Temperature

9.4. Market Attractiveness Analysis

10.1. Introduction

10.2. Market Trends

10.3. Historical Market Analysis and Market Forecast Analysis

10.3.1. Paints and Coatings

10.3.2. Composites

10.3.3. Tooling and Molding

10.3.4. Electrical and Electronics

10.3.5. Adhesives and Sealants

10.4. Market Attractiveness Analysis


11.1. Introduction

11.2. Market Trends

11.3. Historical Market Analysis and Market Forecast Analysis

11.3.1. North America

11.3.2. Latin America

11.3.3. Western Europe

11.3.4. Eastern Europe

11.3.5. East Asia

11.3.6. South Asia Pacific

11.3.7. Middle East and Africa

11.4. Market Attractiveness Analysis by Region

12.1. Introduction

12.2. Key Market Trends

12.3. Pricing Analysis

12.4. Historical Market Analysis and Market Forecast Analysis

12.4.1. By Country The U.S. Canada

12.4.2. By Raw Material

12.4.3. By Grade

12.4.4. By Cure Mechanism

12.4.5. By End-use

12.5. Market Attractiveness Analysis

12.5.1. By Country

12.5.2. By Raw Material

12.5.3. By Grade

12.5.4. By Cure Mechanism

12.5.5. By End-use

12.6. Market Participants Presence Mapping

13.1. Introduction

13.2. Key Market Trends

13.3. Pricing Analysis

13.4. Historical Market Analysis and Market Forecast Analysis

13.4.1. By Country Brazil Mexico Rest of L.A.

13.4.2. By Raw Material

13.4.3. By Garde

13.4.4. By Cure Mechanism

13.4.5. By End-use

13.5. Market Attractiveness Analysis

13.5.1. By Country

13.5.2. By Raw Material

13.5.3. By Grade

13.5.4. By Cure Mechanism

13.5.5. By End-use

13.6. Market Participants Presence Mapping

14.1. Introduction

14.2. Key Market Trends

14.3. Pricing Analysis

14.4. Historical Market Analysis and Market Forecast Analysis

14.4.1. By Country Germany Italy France U.K. Spain BENELUX Nordics Rest of Western Europe

14.5. By Raw Material

14.6. By Grade

14.7. By Cure Mechanism

14.8. By End-use

14.9. Market Attractiveness Analysis

14.9.1. By Country

14.9.2. By Raw Material

14.9.3. By Grade

14.9.4. By Cure Mechanism

14.9.5. By End-use

14.10. Market Participants Presence Mapping

15.1. Introduction

15.2. Key Market Trends

15.3. Pricing Analysis

15.4. Historical Market Analysis and Market Forecast Analysis

15.4.1. By Country Poland Russia Baltics Balkans Rest of Eastern Europe

15.4.2. By Raw Material

15.4.3. By Grade

15.4.4. By Cure Mechanism

15.4.5. By End-use

15.5. Market Attractiveness Analysis

15.5.1. By Country

15.5.2. By Raw Material

15.5.3. By Grade

15.5.4. By Cure Mechanism

15.5.5. By End-use

15.6. Market Participants Presence Mapping

16.1. Introduction

16.2. Key Market Trends

16.3. Pricing Analysis

16.4. Historical Market Analysis and Market Forecast Analysis

16.4.1. By Country China Japan South Korea

16.4.2. By Raw Material

16.4.3. By Grade

16.4.4. By Cure Mechanism

16.4.5. By End-use

16.5. Market Attractiveness Analysis

16.5.1. By Country

16.5.2. By Raw Material

16.5.3. By Grade

16.5.4. By Cure Mechanism

16.5.5. By End-use

16.6. Market Participants Presence Mapping

17.1. Introduction

17.2. Key Market Trends

17.3. Pricing Analysis

17.4. Historical Market Analysis and Market Forecast Analysis

17.4.1. By Country India ASEAN ANZ Rest of SAP

17.4.2. By Raw Material

17.4.3. By Grade

17.4.4. By Cure Mechanism

17.4.5. By End-use

17.5. Market Attractiveness Analysis

17.5.1. By Country

17.5.2. By Raw Material

17.5.3. By Grade

17.5.4. By Cure Mechanism

17.5.5. By End-use

17.6. Market Participants Presence Mapping

18.1. Introduction

18.2. Key Market Trends

18.3. Pricing Analysis

18.4. Historical Market Analysis and Market Forecast Analysis

18.4.1. By Country GCC Countries Turkey South Africa Rest of MEA

18.4.2. By Raw Material

18.4.3. By Grade

18.4.4. By Cure Mechanism

18.4.5. By End-use

18.5. Market Attractiveness Analysis

18.5.1. By Country

18.5.2. By Raw Material

18.5.3. By Garde

18.5.4. By Cure Mechanism

18.5.5. By End-use

18.6. Market Participants Presence Mapping

19.1. Market Concentration Analysis

19.2. Tier Structure Breakdown

19.3. Market Share Analysis

19.4. Production Capacity Analysis

19.5. Key Strategies Adopted by Top Players

19.6. Start-up Ecosystem

19.6.1. New Player Entry

19.6.2. Strategies Adopted by New Players

19.7. Company Footprint Analysis

19.8. Competitive Dashboard

20.1. Resonac Holdings Corporation

20.2. SNF

20.3. BASF SE

20.4. Huntsman Corporation

20.5. Westlake Corporation

20.6. Aditya Birla Corp

20.7. Evonik Industries AG

20.8. Toray Fine Chemicals

20.9. Henkel Adhesives

20.10. Eastman Chemical Company

20.11. Cardolite Corporation

20.12. SABIC

20.13. Atul Ltd.

20.14. Mitsubishi Chemical Corporation