Global Curing Agents Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024
Global Curing Agents Market is expected to witness a vigorous CAGR of 8.06 % to reach USD 6.1 billion by 2024.
Increasing demand for epoxy curing agent from the construction industry is expected to drive the market growth over the forecast period. Moreover, increasing demand from emerging economies is anticipated to foster the demand for curing agents in the coming years.
The years used for the assessment are as follows;
Historical year: 2014, 2015, and 2016
Base year: 2017
Forecast period: 2018 – 2024
The research and analysis are based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;
Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, and other secondary sources
Interacting with key opinion leaders of the market and developing data points based on interaction with them
Study of past trends in the market and their year on year Impact on the market size and share
Analyzing the collected data points
Bridging the data points to calculate the total curing agents market and its various segments
Anticipating potential risks
Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the curing agents market
Finalizing the overall size and share for the global curing agents market
To classify the global curing agents market into segments by agent type, application, and region and analyze their growth prospects individually.
To analyze market trends, opportunities, drivers and restraints associated with the curing agents market.
Profiling key companies operating in the global curing agents market.
To study market response with respect to the mergers and acquisitions in the industry.
The research scope for global curing agents market is as follows:
By Agent Type
Epoxy Curing Agent
Amine-Based (Aliphatic, Aromatic, Cycloaliphatic)
Polyurethane-Based Curing Agents
Electrical & Electronics
Central & South America
Middle East & Africa
The global curing agents market is expected to witness a CAGR of 8.06 % to reach USD 6.1 billion by 2024. Increasing demand for curing agent from construction industry is expected to drive the market growth over the forecast period. Moreover, increasing demand from emerging economies is anticipated to foster the demand for curing agents in the coming years.
Curing agents have applications in construction industry, composites, coatings, electrical, and other fields. Among these applications, construction industry has a significant market share. The need for curing in this field arises as hydration of cement can take place only in water-filled capillaries. Curing agents are used in construction industry for canal linings, dams, precast concrete components, chimneys, cooling towers, and roof slabs among several other applications. Increasing demand from construction industry is expected to drive the market growth over the forecast period.
Emergence of the curing agents market is a result of growing demand from end-user industries. The increase in manufacturers of these agents is expected to further drive the growth of the market in the future. Asia-Pacific is expected to experience the fastest CAGR, whereas North America is expected to experience a steady growth over the forecast period. Growth in North American region can be owed to high demand from the coating, construction, and adhesive industry.
Some of the key companies operating in the market include BASF SE; Aditya Birla Chemicals; Mitsubishi Chemical Corporation; The Dow Chemical Company; Huntsman Corporation; DIC Corporation; Toray Fine Chemicals Co. Ltd; Kukdo Chemical Co., Ltd.; Air Products and Chemicals, Inc.; and Evonik Industries, among others.