Allied Market Research Says, Global Epoxy Curing Agents Market size was $4.9 billion in 2020, and is anticipated to reach $8.4 billion by 2030, growing at a CAGR of 5.6% from 2021 to 2030, As per the report published by Allied Market Research.
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Rise in demand for materials used in construction and transport industries and surge in need for efficient wind and solar power plants have boosted the growth of the global epoxy curing agents market. However, strict regulations and increase in environmental awareness among the consumers hinder the market growth. On the contrary, rapid increase in demand from data centers is expected to unlock lucrative opportunities for the market players in the future.
However, rise in demand for medical equipment such as incubation chambers and medical storage devices increased the demand for epoxy curing agents.
The report segments the global epoxy curing agents market on the basis of curing agent, application, end user, and region.
Based on curing agent, the amines segment held the lion’s share in 2020, accounting for nearly half of the market. However, the anhydrides segment is expected to register the highest CAGR of 5.9% from 2021 to 2030.
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On the basis of application, the electronic encapsulation & others segment is projected to manifest the highest CAGR of 6.7% during the forecast period. However, the paints & coating segment dominated the market in terms of revenue in 2020, contributing to more than half of the market.
The global epoxy curing agents market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific held the largest share in 2020, contributing to around one-third of the market. In addition, the region is estimated to register the highest CAGR of 6.7% during the forecast period.
The global epoxy curing agents market report includes an in-depth analysis of the prime market players such as Bhor Chemicals and Plastics Private Limited, Cytec Solvay Group, Atul Ltd., Mitsubishi Chemical Corporation, Park Aerospace Corp., Reliance Composites Polymers, Barrday Inc., Hexcel Corporation, Huntsmann Corporation, and Evonik Industries AG.
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Covid-19 scenario:
The Covid-19 pandemic had a negative impact on the demand for epoxy curing agents due to halt in construction, industrial, and transportation sector and lack of laborers.
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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.