エポキシ硬化剤市場レポート：製品タイプ、用途、エンドユーザー、地域別、2024年～2032年

世界のエポキシ硬化剤市場の市場規模は2023年に43億米ドルに達しました。今後、IMARC Groupは、市場は2032年までに63億米ドルに達し、2024年から2032年の間に4.2％の成長率（CAGR）を示すと予測しています。建設産業の拡大とともに、機器の寿命を延ばすニーズが高まっていることが、主に市場を後押ししています。

エポキシ硬化剤市場分析：

• 主な市場促進要因：住宅建設活動の増加により、最適な機械的強度、接着特性、電気絶縁性、耐食性などを示す薬剤への要求が高まっており、これが市場の成長を促進しています。
• 主な市場動向：優れた剛性、耐久性、曲げ強度などを提供するため、自動車、製造、生物医学などさまざまな分野からこれらの複合材料の人気が高まっていることは、市場を活性化する新たな動向の1つです。さらに、厳しい政府規制による環境に優しいエポキシ硬化剤のイントロダクションも、重要な成長促進要因として作用しています。
• 競合情勢：世界市場の著名企業には、Aditya Birla Management Corporation Pvt. Ltd.、Atul Ltd.、BASF SE、Cardolite Corporation、Cargill Incorporated、Evonik Industries AG、Hexion Inc.、Huntsman Corporation、Kukdo Chemical Co.Ltd.、Mitsubishi Chemical Holdings Corporation、Olin Corporation、Toray Industries Inc.
• 地理的動向：アジア太平洋地域は、自動車産業における継続的な技術革新により、市場において明確な優位性を示しています。さらに、車両重量を最小限に抑えるための炭素繊維強化複合材料に対する需要の高まりが、この地域の市場にさらにプラスの影響を与えています。
• 課題と機会：市場を阻害している主な課題の1つは、高速硬化時間と最適な機械的特性の維持のバランスを達成する必要性が高まっていることです。しかし、材料の強度と耐久性を損なうことなく高度な添加剤と配合を開拓することが、今後数年間で市場を強化すると予測されます。

エポキシ硬化剤市場動向：

環境意識の高まり

通常、揮発性有機化合物（VOC）やその他の有害な化学物質を多く含む従来のエポキシシステムに伴う環境への影響を最小限に抑えるため、持続可能で環境に配慮した薬剤に対するニーズが高まっています。例えば、2023年12月、スワンコアは銅張積層板（CCL）用に調整された低誘電エポキシ硬化剤EzCicloを発表し、これによりプリント回路基板（PCB）製造におけるリサイクル廃プラスチックの使用を可能にしました。さらに、再生可能な原材料と革新的な配合を使用することで、メーカーはVOC排出量を大幅に削減しながら、耐薬品性、優れた機械的強度、熱安定性など、従来のエポキシの高性能特性を維持した硬化剤を提供することができます。これは、エポキシ硬化剤市場の最近のチャンスのひとつです。例えば、2024年1月、SicominはSPLEENE Kiteboarding社が新しいEco Line RIP 39ボードに同社のGreenPoxyバイオ樹脂シリーズを採用したことを確認しました。また、2024年3月には、日本の繊維強化ポリマー（FRP）成形会社の一つであるスーパーレジン株式会社が、持続可能な開発目標に沿った炭素繊維強化ポリマー（CFRP）材料に使用される環境に優しいエポキシ樹脂システムを発売しました。同様に、シコミンは2024年3月、アウトドアスポーツ用品メーカーの一つであるサロモンと協力し、炭素含有量の約28％が植物由来であるシコミンの最先端バイオベースエポキシ樹脂「グリーンポキシ28」を採用した持続可能なスノーボードを製造しました。これに伴い、この樹脂は従来の石油系樹脂に代わる実行可能な代替品となり、あらゆるレベルのライダーに高性能ボードを提供します。

台頭するエポキシ・システム

卓越した機械的強度、接着特性、耐薬品性、耐久性などを理由に、通常エポキシ樹脂と硬化剤に依存するエポキシ・システムの数が増加しており、市場全体を強化しています。AZoMが2023年10月に発表した記事では、鋳造コンパウンド、接着剤、複合材料などの高温用途に適した液状エポキシシステムの様々な配合が取り上げられています。さらに2023年10月には、先端プリプレグ材料のプロバイダーの一つであるSHDグループが、短いサイクルタイムで優れた結果をもたらすLTB300バイオエポキシツーリングシステムを発表しました。このほか、エポキシシステムはコーティング、接着剤、シーラントなどに幅広く使用され、構造物の保護と長寿命化を実現しており、最近のエポキシ硬化剤市場の価格を押し上げています。例えば、2024年1月にJournal of Coatings Technology and Researchに掲載された論文では、二酸化チタン、酸化亜鉛、カーボンナノチューブなどの化学化合物をエポキシ樹脂塗料に統合することで、耐食性が大幅に向上すると報告されています。さらに自動車産業は、軽量で高強度な部品の製造においてもこれらのシステムの恩恵を受けており、燃費と性能の向上に貢献しています。例えば、2024年2月、ハンツマンはポリウレタンおよびエポキシベースの新規複合材料を開発しました。この複合材料は、環境負荷の低減、生産プロセスの最適化、自動車部品の性能と寿命の最大化など、自動車メーカーをサポートするさまざまな技術を特徴としています。これとは別に、特定の用途に合わせた高度なエポキシ・システムにおける継続的な技術革新が、今後数年間も市場を牽引していくと思われます。例えば、マスターボンドは2024年4月、ポッティング、コーティング、シーリング用途向けにナノシリカを注入した2液型エポキシシステムを発表しました。

高強度材料への需要

業界関係者の間で、堅牢な特性を示す軽量材料への傾斜が高まっていることが、市場を刺激しています。さらに、エポキシ硬化剤は、炭素繊維強化複合材を含む軽量自動車部品の製造に利用され、それによって自動車の重量を減らし、燃費を向上させています。これは、エポキシ硬化剤市場の見通しにプラスの影響を与えています。例えば、2024年4月、TCR Composites Inc.は、プレスキュア用途向けに設計されたスナップキュアで室温安定性のエポキシプリプレグ樹脂システムであるTR1116の開発により、複合材料製造における最新のブレークスルーを発表しました。さらに、ガラス繊維や織カーボンを含むプリプレグ形式での一般的な利用が可能で、スポーツ用品や自動車などの産業における多様な用途のニーズに応えることができます。これとは別に、炭素繊維を基材に加えることでPVDFポリマーの品質が向上し、これが大きな成長促進要因となっています。例えば、炭素繊維強化ポリマーのメーカーの1つであるゼニアマテリアルは、2024年5月、3Dプリンティングのペレット供給用途向けにPVDFベースのコンパウンドの新シリーズを発売しました。

目次

第1章 序文

第2章 調査範囲と調査手法

• 調査の目的
• ステークホルダー
• データソース
  • 一次情報
  • 二次情報
• 市場推定
  • ボトムアップアプローチ
  • トップダウンアプローチ
• 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

• 概要
• 主要業界動向

第5章 世界のエポキシ硬化剤市場

• 市場概要
• 市場実績
• COVID-19の影響
• 市場予測

第6章 市場内訳：製品タイプ別

• アミン
  • 市場動向
  • 市場予測
• ポリアミド
  • 市場動向
  • 市場予測
• 無水物
  • 市場動向
  • 市場予測
• その他
  • 市場動向
  • 市場予測

第7章 市場内訳：用途別

• 複合材料
  • 市場動向
  • 市場予測
• 塗料およびコーティング
  • 市場動向
  • 市場予測
• 接着剤とシーラント
  • 市場動向
  • 市場予測
• 電気・電子
  • 市場動向
  • 市場予測
• その他
  • 市場動向
  • 市場予測

第8章 市場内訳：エンドユーザー別

• 建築・建設
  • 市場動向
  • 市場予測
• 輸送機関
  • 市場動向
  • 市場予測
• 風力
  • 市場動向
  • 市場予測
• 航空宇宙
  • 市場動向
  • 市場予測
• 船舶
  • 市場動向
  • 市場予測
• その他
  • 市場動向
  • 市場予測

第9章 市場内訳：地域別

• 北米
  • 米国
  • カナダ
• アジア太平洋地域
  • 中国
  • 日本
  • インド
  • 韓国
  • オーストラリア
  • インドネシア
  • その他
• 欧州
  • ドイツ
  • フランス
  • 英国
  • イタリア
  • スペイン
  • ロシア
  • その他
• ラテンアメリカ
  • ブラジル
  • メキシコ
  • その他
• 中東・アフリカ
  • 市場動向
  • 市場内訳：国別
  • 市場予測

第10章 SWOT分析

• 概要
• 強み
• 弱み
• 機会
• 脅威

第11章 バリューチェーン分析

第12章 ポーターのファイブフォース分析

• 概要
• 買い手の交渉力
• 供給企業の交渉力
• 競合の程度
• 新規参入業者の脅威
• 代替品の脅威

第13章 価格分析

第14章 競合情勢

• 市場構造
• 主要企業
• 主要企業のプロファイル
  • Aditya Birla Management Corporation Pvt. Ltd.
  • Atul Ltd.
  • BASF SE
  • Cardolite Corporation
  • Cargill Incorporated
  • Evonik Industries AG
  • Hexion Inc.
  • Huntsman Corporation
  • Kukdo Chemical Co. Ltd.
  • Mitsubishi Chemical Holdings Corporation
  • Olin Corporation
  • Toray Industries Inc.

List of Figures

• Figure 1: Global: Epoxy Curing Agent Market: Major Drivers and Challenges
• Figure 2: Global: Epoxy Curing Agent Market: Sales Value (in Billion US$), 2018-2023
• Figure 3: Global: Epoxy Curing Agent Market Forecast: Sales Value (in Billion US$), 2024-2032
• Figure 4: Global: Epoxy Curing Agent Market: Breakup by Product Type (in %), 2023
• Figure 5: Global: Epoxy Curing Agent Market: Breakup by Application (in %), 2023
• Figure 6: Global: Epoxy Curing Agent Market: Breakup by End User (in %), 2023
• Figure 7: Global: Epoxy Curing Agent Market: Breakup by Region (in %), 2023
• Figure 8: Global: Epoxy Curing Agent (Amines) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 9: Global: Epoxy Curing Agent (Amines) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 10: Global: Epoxy Curing Agent (Polyamides) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 11: Global: Epoxy Curing Agent (Polyamides) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 12: Global: Epoxy Curing Agent (Anhydrides) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 13: Global: Epoxy Curing Agent (Anhydrides) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 14: Global: Epoxy Curing Agent (Other Curing Agents) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 15: Global: Epoxy Curing Agent (Other Curing Agents) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 16: Global: Epoxy Curing Agent (Composites) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 17: Global: Epoxy Curing Agent (Composites) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 18: Global: Epoxy Curing Agent (Paints and Coatings) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 19: Global: Epoxy Curing Agent (Paints and Coatings) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 20: Global: Epoxy Curing Agent (Adhesives and Sealants) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 21: Global: Epoxy Curing Agent (Adhesives and Sealants) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 22: Global: Epoxy Curing Agent (Electrical and Electronics) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 23: Global: Epoxy Curing Agent (Electrical and Electronics) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 24: Global: Epoxy Curing Agent (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 25: Global: Epoxy Curing Agent (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 26: Global: Epoxy Curing Agent (Building and Construction) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 27: Global: Epoxy Curing Agent (Building and Construction) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 28: Global: Epoxy Curing Agent (Transportation) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 29: Global: Epoxy Curing Agent (Transportation) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 30: Global: Epoxy Curing Agent (Wind Power) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 31: Global: Epoxy Curing Agent (Wind Power) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 32: Global: Epoxy Curing Agent (Aerospace) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 33: Global: Epoxy Curing Agent (Aerospace) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 34: Global: Epoxy Curing Agent (Marine) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 35: Global: Epoxy Curing Agent (Marine) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 36: Global: Epoxy Curing Agent (Other End Users) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 37: Global: Epoxy Curing Agent (Other End Users) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 38: North America: Epoxy Curing Agent Market: Sales Value (in Million US$), 2018 & 2023
• Figure 39: North America: Epoxy Curing Agent Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 40: United States: Epoxy Curing Agent Market: Sales Value (in Million US$), 2018 & 2023
• Figure 41: United States: Epoxy Curing Agent Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 42: Canada: Epoxy Curing Agent Market: Sales Value (in Million US$), 2018 & 2023
• Figure 43: Canada: Epoxy Curing Agent Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 44: Asia-Pacific: Epoxy Curing Agent Market: Sales Value (in Million US$), 2018 & 2023
• Figure 45: Asia-Pacific: Epoxy Curing Agent Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 46: China: Epoxy Curing Agent Market: Sales Value (in Million US$), 2018 & 2023
• Figure 47: China: Epoxy Curing Agent Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 48: Japan: Epoxy Curing Agent Market: Sales Value (in Million US$), 2018 & 2023
• Figure 49: Japan: Epoxy Curing Agent Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 50: India: Epoxy Curing Agent Market: Sales Value (in Million US$), 2018 & 2023
• Figure 51: India: Epoxy Curing Agent Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 52: South Korea: Epoxy Curing Agent Market: Sales Value (in Million US$), 2018 & 2023
• Figure 53: South Korea: Epoxy Curing Agent Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 54: Australia: Epoxy Curing Agent Market: Sales Value (in Million US$), 2018 & 2023
• Figure 55: Australia: Epoxy Curing Agent Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 56: Indonesia: Epoxy Curing Agent Market: Sales Value (in Million US$), 2018 & 2023
• Figure 57: Indonesia: Epoxy Curing Agent Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 58: Others: Epoxy Curing Agent Market: Sales Value (in Million US$), 2018 & 2023
• Figure 59: Others: Epoxy Curing Agent Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 60: Europe: Epoxy Curing Agent Market: Sales Value (in Million US$), 2018 & 2023
• Figure 61: Europe: Epoxy Curing Agent Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 62: Germany: Epoxy Curing Agent Market: Sales Value (in Million US$), 2018 & 2023
• Figure 63: Germany: Epoxy Curing Agent Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 64: France: Epoxy Curing Agent Market: Sales Value (in Million US$), 2018 & 2023
• Figure 65: France: Epoxy Curing Agent Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 66: United Kingdom: Epoxy Curing Agent Market: Sales Value (in Million US$), 2018 & 2023
• Figure 67: United Kingdom: Epoxy Curing Agent Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 68: Italy: Epoxy Curing Agent Market: Sales Value (in Million US$), 2018 & 2023
• Figure 69: Italy: Epoxy Curing Agent Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 70: Spain: Epoxy Curing Agent Market: Sales Value (in Million US$), 2018 & 2023
• Figure 71: Spain: Epoxy Curing Agent Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 72: Russia: Epoxy Curing Agent Market: Sales Value (in Million US$), 2018 & 2023
• Figure 73: Russia: Epoxy Curing Agent Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 74: Others: Epoxy Curing Agent Market: Sales Value (in Million US$), 2018 & 2023
• Figure 75: Others: Epoxy Curing Agent Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 76: Latin America: Epoxy Curing Agent Market: Sales Value (in Million US$), 2018 & 2023
• Figure 77: Latin America: Epoxy Curing Agent Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 78: Brazil: Epoxy Curing Agent Market: Sales Value (in Million US$), 2018 & 2023
• Figure 79: Brazil: Epoxy Curing Agent Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 80: Mexico: Epoxy Curing Agent Market: Sales Value (in Million US$), 2018 & 2023
• Figure 81: Mexico: Epoxy Curing Agent Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 82: Others: Epoxy Curing Agent Market: Sales Value (in Million US$), 2018 & 2023
• Figure 83: Others: Epoxy Curing Agent Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 84: Middle East and Africa: Epoxy Curing Agent Market: Sales Value (in Million US$), 2018 & 2023
• Figure 85: Middle East and Africa: Epoxy Curing Agent Market: Breakup by Country (in %), 2023
• Figure 86: Middle East and Africa: Epoxy Curing Agent Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 87: Global: Epoxy Curing Agent Industry: SWOT Analysis
• Figure 88: Global: Epoxy Curing Agent Industry: Value Chain Analysis
• Figure 89: Global: Epoxy Curing Agent Industry: Porter's Five Forces Analysis

List of Tables

• Table 1: Global: Epoxy Curing Agent Market: Key Industry Highlights, 2023 and 2032
• Table 2: Global: Epoxy Curing Agent Market Forecast: Breakup by Product Type (in Million US$), 2024-2032
• Table 3: Global: Epoxy Curing Agent Market Forecast: Breakup by Application (in Million US$), 2024-2032
• Table 4: Global: Epoxy Curing Agent Market Forecast: Breakup by End User (in Million US$), 2024-2032
• Table 5: Global: Epoxy Curing Agent Market Forecast: Breakup by Region (in Million US$), 2024-2032
• Table 6: Global: Epoxy Curing Agent Market: Competitive Structure
• Table 7: Global: Epoxy Curing Agent Market: Key Players

The global epoxy curing agent market size reached US$ 4.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 6.3 Billion by 2032, exhibiting a growth rate (CAGR) of 4.2% during 2024-2032. The rising need for extending the lifespan of equipment, along with the expanding construction industry, is primarily propelling the market.

Epoxy Curing Agent Market Analysis:

• Major Market Drivers: The increasing number of residential construction activities is escalating the requirement for agents that exhibit optimal mechanical strength, bonding properties, electrical insulation, corrosion resistance, etc., which is driving the market growth.
• Key Market Trends: The inflating popularity of these composites from various sectors, including automotive, manufacturing, biomedical, etc., as they offer excellent stiffness, durability, flexural strength, etc., is one of the emerging trends catalyzing the market. Moreover, the introduction of eco-friendly epoxy curing agents, owing to the stringent government regulations, is also acting as a significant growth-inducing factor.
• Competitive Landscape: Some of the prominent companies in the global market include Aditya Birla Management Corporation Pvt. Ltd., Atul Ltd., BASF SE, Cardolite Corporation, Cargill Incorporated, Evonik Industries AG, Hexion Inc., Huntsman Corporation, Kukdo Chemical Co. Ltd., Mitsubishi Chemical Holdings Corporation, Olin Corporation, and Toray Industries Inc., among many others.
• Geographical Trends: Asia Pacific exhibits a clear dominance in the market, owing to continuous innovations in the automotive industry. Additionally, the escalating demand for carbon fiber-reinforced composites to minimize vehicle weight is further positively influencing the regional market.
• Challenges and Opportunities: One of the key challenges hindering the market is the rising need to achieve a balance between fast curing times and maintaining optimal mechanical properties. However, the development of advanced additives and formulations without compromising the material's strength and durability is projected to bolster the market in the coming years.

Epoxy Curing Agent Market Trends:

Growing Environmental Consciousness

There is an increasing need for sustainable and environmentally responsible agents to minimize the environmental impact associated with traditional epoxy systems, which usually contain high levels of volatile organic compounds (VOCs) and other harmful chemicals. For instance, in December 2023, Swancor introduced an EzCiclo low-dielectric epoxy hardener that is tailored for copper-clad laminates (CCL), thereby enabling the use of recycled waste plastics in printed circuit board (PCB) production. Moreover, by using renewable raw materials and innovative formulations, manufacturers can offer curing agents that maintain the high-performance characteristics of conventional epoxies, such as chemical resistance, excellent mechanical strength, thermal stability, etc., while significantly lowering VOC emissions. This is one of the epoxy curing agent market's recent opportunities. For example, in January 2024, Sicomin confirmed that SPLEENE Kiteboarding chose its GreenPoxy bio-resin range in its new Eco Line RIP 39 boards. Besides this, in March 2024, one of the fiber-reinforced polymer (FRP) molding companies based in Japan, Super Resin Inc., launched an environmentally friendly epoxy resin system for usage in carbon fiber-reinforced polymer (CFRP) materials that aligns with sustainable development goals. Similarly, in March 2024, Sicomin collaborated with Salomon, one of the outdoor sports equipment manufacturers, to produce a sustainable snowboard that is manufactured by adopting Sicomin's cutting-edge bio-based GreenPoxy 28 epoxy resin with approximately 28% of its carbon content derived from plant sources. In line with this, these resins provide a viable alternative to traditional petroleum-based resins, thereby ensuring high-performance boards for riders of all skill levels.

Rising Epoxy Systems

The rising number of epoxy systems that usually rely on epoxy resins and curing agents, on account of their exceptional mechanical strength, adhesive properties, chemical resistance, durability, etc., is strengthening the overall market. The article published by AZoM in October 2023 highlighted various formulations for liquid epoxy systems suitable for elevated-temperature applications, such as casting compounds, adhesives, composites, etc. Additionally, in October 2023, SHD Group, one of the providers of advanced prepreg materials, launched the LTB300 bio-epoxy tooling system that delivers excellent results on short cycle times. Besides this, epoxy systems are extensively used in coatings, adhesives, sealants, etc., offering enhanced protection and longevity to structures, which is elevating the epoxy curing agent market's recent price. For instance, an article in the Journal of Coatings Technology and Research in January 2024 reported the integration of chemical compounds, such as titanium dioxide, zinc oxide, carbon nanotubes, etc., into epoxy resin coatings significantly improves corrosion resistance. Moreover, the automotive industry also benefits from these systems in the manufacturing of lightweight and high-strength components, which contribute to enhanced fuel efficiency and performance. For example, in February 2024, Huntsman developed novel polyurethane- and epoxy-based composites, which feature a range of technologies that can support automotive manufacturers in reducing environmental impact, optimizing production processes, maximizing the performance and lifetime of vehicle components, etc. Apart from this, continuous innovations in advanced epoxy systems tailored to specific applications will continue to drive the market in the coming years. For instance, in April 2024, Master Bond introduced a two-component epoxy system that is infused with nanosilica for potting, coating, and sealing applications.

Demand for High-Strength Materials

The rising inclination among industry players towards lightweight materials that exhibit robust properties is stimulating the market. Moreover, epoxy curing agents are utilized to manufacture lightweight automotive components, including carbon fiber-reinforced composites, thereby reducing vehicle weight and improving fuel efficiency. This, in turn, is positively impacting the epoxy curing agent market outlook. For instance, in April 2024, TCR Composites Inc. unveiled its latest breakthrough in composites manufacturing with the development of TR1116, a snap-cure and room-temperature stable epoxy prepreg resin system engineered for press-cure applications. Additionally, it is commonly available in prepreg formats, including glass fiber and woven carbon, thereby catering to diverse application needs in industries, such as sporting goods and automotive. Apart from this, adding carbon fiber to the base material improves the qualities of the PVDF polymers, which is acting as a significant growth-inducing factor. For example, in May 2024, Xenia Materials, one of the producers of carbon fiber reinforced polymers, launched its new range of PVDF-based compounds for 3D printing pellet-fed applications.

Global Epoxy Curing Agent Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with the epoxy curing agent market forecast at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on the product type, application, and end user.

Breakup by Product Type:

• Amines
• Polyamides
• Anhydrides
• Others

Among these, amines currently exhibit a clear dominance in the market

The report has provided a detailed breakup and analysis of the market based on the product type. This includes amines, polyamides, anhydrides, and others. According to the report, amines represented the largest market segmentation.

Amines are a crucial class of epoxy curing agents known for their ability to provide excellent mechanical properties, chemical resistance, and thermal stability to cure epoxy systems. These agents work by reacting with the epoxy resin to form a hard, cross-linked polymer network. Aliphatic amines, aromatic amines, and cycloaliphatic amines are the primary types used, each offering distinct properties tailored to specific applications. The versatility of amines as curing agents allows for their widespread use across various industries, including construction, aerospace, automotive, and electronics, where they contribute to the durability and reliability of epoxy-based materials. For instance, in December 2023, BASF completed its capacity expansion for key specialty amines manufactured at its U.S. site in Geismar, Louisiana. As per the epoxy curing agent market overview, this versatility and performance will continue to fuel the segment's growth in the coming years. For example, Balaji Specialty Chemicals Limited, a subsidiary of Balaji Amines Limited (BAL), offers unique chemicals, like ethylenediamine, using a method called the mono ethanol amine (MEA) process.

Breakup by Application:

• Composites
• Paints and Coatings
• Adhesives and Sealants
• Electrical and Electronics
• Others

Currently, paints and coatings hold the largest epoxy curing agent market share

The report has provided a detailed breakup and analysis of the market based on the application. This includes composites, paints and coatings, adhesives and sealants, electrical and electronics, and others. According to the report, paints and coatings represented the largest market segmentation.

Epoxy-based paints and coatings are renowned for their exceptional adhesion, chemical resistance, and durability, making them indispensable for protecting surfaces in construction, automotive, marine, and industrial settings. They are used to safeguard concrete floors, steel structures, and other surfaces from corrosion, abrasion, and environmental degradation. For instance, in May 2024, Safic-Alcan collaborated with BB Resins, one of the manufacturers of epoxy curing agents, to expand its range of specialty epoxy-based finished systems tailored for industrial coatings, building, and flooring sectors. The automotive sector relies on these coatings for providing robust protection to vehicle parts, extending their lifespan, and maintaining their aesthetic appeal, which elevates the epoxy curing agent market revenue. Similarly, the marine industry uses epoxy coatings to protect vessels from harsh marine environments, preventing rust and structural damage. For example, in February 2024, Evonik added Ancamine 2844, a novel epoxy curing agent, for marine and protective coating applications. The industrial sector benefits from epoxy coatings' ability to withstand harsh chemicals and extreme temperatures, ensuring machinery and equipment longevity. In June 2024, the Fraunhofer IMWS and the TUBITAK Marmara Research Center collaborated to discover the development of a bio-based epoxy system made from orange peels for industrial coatings.

Breakup by End User:

• Building and Construction
• Transportation
• Wind Power
• Aerospace
• Marine
• Others

The report has provided a detailed breakup and analysis of the market based on the end user. This includes building and construction, transportation, wind power, aerospace, marine, and others.

Epoxy curing agents are essential in various industries, including building and construction, transportation, wind power, aerospace, and marine, due to their ability to enhance the performance and durability of epoxy resins. In the building and construction industry, they are used in coatings, adhesives, and sealants to provide robust protection against corrosion, moisture, and wear, ensuring the longevity of structures. In transportation, particularly in automotive and aerospace, epoxy curing agents facilitate the production of lightweight, high-strength components that improve fuel efficiency and performance. The wind power industry leverages these agents in the fabrication of durable and resilient wind turbine blades that can withstand harsh environmental conditions. In the aerospace sector, epoxy curing agents are critical for producing advanced composites used in aircraft, offering exceptional strength-to-weight ratios and resistance to extreme temperatures. The marine industry relies on these agents for protective coatings that prevent corrosion and biofouling on vessels. Additionally, epoxy curing agents find applications in electronics, where they provide excellent insulation and protection for components, and in industrial manufacturing, where they are used in tooling and mold-making processes. As per the epoxy curing agent market statistics, these diverse applications highlight the versatility and indispensable role of agents across various high-performance industries.

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

Asia Pacific currently dominates the market

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.

The increasing number of advanced manufacturing facilities is propelling the market in Asia Pacific. For instance, in March 2024, Grasim Industries Limited, the flagship company of Aditya Birla Group, inaugurated the expansion project of approximately 123,000 tons of epoxy resins and formulation capacity in Gujarat, India, thereby boosting the overall capacity of these novel materials to roughly 246,000 tons per annum. Moreover, the rising adoption of lightweight materials, such as carbon fiber-reinforced composites, is also increasing the epoxy curing agent market demand. For example, in March 2024, MAE S.p.A and Jindal Advanced Materials agreed to begin a carbon fiber plant in India. Besides this, favorable government policies and investments in industrial development across the Asia Pacific will continue to stimulate the market in the coming years.

Competitive Landscape:

Key players in the market are focusing on developing innovative products to meet evolving customer needs. This includes the development of eco-friendly curing agents with lower VOC content and improved performance characteristics. Many companies are forming strategic partnerships and collaborations to expand their market reach and enhance their product portfolios. These collaborations combine the expertise of different companies in epoxy resin and curing agent technologies. In addition, key players are working on developing greener products and adopting sustainable manufacturing processes. They are also offering customized epoxy curing agent solutions to cater to specific customer requirements across various industries.

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major epoxy curing agent market companies have also been provided. Some of the key players in the market include:

• Aditya Birla Management Corporation Pvt. Ltd.
• Atul Ltd.
• BASF SE
• Cardolite Corporation
• Cargill Incorporated
• Evonik Industries AG
• Hexion Inc.
• Huntsman Corporation
• Kukdo Chemical Co. Ltd.
• Mitsubishi Chemical Holdings Corporation
• Olin Corporation
• Toray Industries Inc.

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Epoxy Curing Agent Market Recent Developments:

• June 2024: The Fraunhofer IMWS and the TUBITAK Marmara Research Center collaborated to develop a bio-based epoxy resin system for industrial coatings.
• May 2024: Safic-Alcan partnered with BB Resins, one of the manufacturers of epoxy curing agents, to expand its range of specialty epoxy-based finished systems tailored for industrial coatings.
• March 2024: Super Resin Inc., one of the fiber-reinforced polymer (FRP) molding companies based in Tokyo, Japan, introduced an environmentally friendly epoxy curing agent for usage in carbon fiber-reinforced polymer (CFRP) materials.

Key Questions Answered in This Report

• 1. How big is the global epoxy curing agent market?
• 2. What is the expected growth rate of the global epoxy curing agent market during 2024-2032?
• 3. What are the key factors driving the global epoxy curing agent market?
• 4. What has been the impact of COVID-19 on the global epoxy curing agent market?
• 5. What is the breakup of the global epoxy curing agent market based on the product type?
• 6. What is the breakup of the global epoxy curing agent market based on the application?
• 7. What are the key regions in the global epoxy curing agent market?
• 8. Who are the key players/companies in the global epoxy curing agent market?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Epoxy Curing Agent Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Forecast

6 Market Breakup by Product Type

• 6.1 Amines
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 Polyamides
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast
• 6.3 Anhydrides
  • 6.3.1 Market Trends
  • 6.3.2 Market Forecast
• 6.4 Others
  • 6.4.1 Market Trends
  • 6.4.2 Market Forecast

7 Market Breakup by Application

• 7.1 Composites
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Paints and Coatings
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast
• 7.3 Adhesives and Sealants
  • 7.3.1 Market Trends
  • 7.3.2 Market Forecast
• 7.4 Electrical and Electronics
  • 7.4.1 Market Trends
  • 7.4.2 Market Forecast
• 7.5 Others
  • 7.5.1 Market Trends
  • 7.5.2 Market Forecast

8 Market Breakup by End User

• 8.1 Building and Construction
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 Transportation
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast
• 8.3 Wind Power
  • 8.3.1 Market Trends
  • 8.3.2 Market Forecast
• 8.4 Aerospace
  • 8.4.1 Market Trends
  • 8.4.2 Market Forecast
• 8.5 Marine
  • 8.5.1 Market Trends
  • 8.5.2 Market Forecast
• 8.6 Others
  • 8.6.1 Market Trends
  • 8.6.2 Market Forecast

9 Market Breakup by Region

• 9.1 North America
  • 9.1.1 United States
    • 9.1.1.1 Market Trends
    • 9.1.1.2 Market Forecast
  • 9.1.2 Canada
    • 9.1.2.1 Market Trends
    • 9.1.2.2 Market Forecast
• 9.2 Asia-Pacific
  • 9.2.1 China
    • 9.2.1.1 Market Trends
    • 9.2.1.2 Market Forecast
  • 9.2.2 Japan
    • 9.2.2.1 Market Trends
    • 9.2.2.2 Market Forecast
  • 9.2.3 India
    • 9.2.3.1 Market Trends
    • 9.2.3.2 Market Forecast
  • 9.2.4 South Korea
    • 9.2.4.1 Market Trends
    • 9.2.4.2 Market Forecast
  • 9.2.5 Australia
    • 9.2.5.1 Market Trends
    • 9.2.5.2 Market Forecast
  • 9.2.6 Indonesia
    • 9.2.6.1 Market Trends
    • 9.2.6.2 Market Forecast
  • 9.2.7 Others
    • 9.2.7.1 Market Trends
    • 9.2.7.2 Market Forecast
• 9.3 Europe
  • 9.3.1 Germany
    • 9.3.1.1 Market Trends
    • 9.3.1.2 Market Forecast
  • 9.3.2 France
    • 9.3.2.1 Market Trends
    • 9.3.2.2 Market Forecast
  • 9.3.3 United Kingdom
    • 9.3.3.1 Market Trends
    • 9.3.3.2 Market Forecast
  • 9.3.4 Italy
    • 9.3.4.1 Market Trends
    • 9.3.4.2 Market Forecast
  • 9.3.5 Spain
    • 9.3.5.1 Market Trends
    • 9.3.5.2 Market Forecast
  • 9.3.6 Russia
    • 9.3.6.1 Market Trends
    • 9.3.6.2 Market Forecast
  • 9.3.7 Others
    • 9.3.7.1 Market Trends
    • 9.3.7.2 Market Forecast
• 9.4 Latin America
  • 9.4.1 Brazil
    • 9.4.1.1 Market Trends
    • 9.4.1.2 Market Forecast
  • 9.4.2 Mexico
    • 9.4.2.1 Market Trends
    • 9.4.2.2 Market Forecast
  • 9.4.3 Others
    • 9.4.3.1 Market Trends
    • 9.4.3.2 Market Forecast
• 9.5 Middle East and Africa
  • 9.5.1 Market Trends
  • 9.5.2 Market Breakup by Country
  • 9.5.3 Market Forecast

10 SWOT Analysis

• 10.1 Overview
• 10.2 Strengths
• 10.3 Weaknesses
• 10.4 Opportunities
• 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

• 12.1 Overview
• 12.2 Bargaining Power of Buyers
• 12.3 Bargaining Power of Suppliers
• 12.4 Degree of Competition
• 12.5 Threat of New Entrants
• 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

• 14.1 Market Structure
• 14.2 Key Players
• 14.3 Profiles of Key Players
  • 14.3.1 Aditya Birla Management Corporation Pvt. Ltd.
    • 14.3.1.1 Company Overview
    • 14.3.1.2 Product Portfolio
  • 14.3.2 Atul Ltd.
    • 14.3.2.1 Company Overview
    • 14.3.2.2 Product Portfolio
    • 14.3.2.3 Financials
  • 14.3.3 BASF SE
    • 14.3.3.1 Company Overview
    • 14.3.3.2 Product Portfolio
    • 14.3.3.3 Financials
    • 14.3.3.4 SWOT Analysis
  • 14.3.4 Cardolite Corporation
    • 14.3.4.1 Company Overview
    • 14.3.4.2 Product Portfolio
  • 14.3.5 Cargill Incorporated
    • 14.3.5.1 Company Overview
    • 14.3.5.2 Product Portfolio
    • 14.3.5.3 SWOT Analysis
  • 14.3.6 Evonik Industries AG
    • 14.3.6.1 Company Overview
    • 14.3.6.2 Product Portfolio
    • 14.3.6.3 Financials
    • 14.3.6.4 SWOT Analysis
  • 14.3.7 Hexion Inc.
    • 14.3.7.1 Company Overview
    • 14.3.7.2 Product Portfolio
  • 14.3.8 Huntsman Corporation
    • 14.3.8.1 Company Overview
    • 14.3.8.2 Product Portfolio
    • 14.3.8.3 Financials
    • 14.3.8.4 SWOT Analysis
  • 14.3.9 Kukdo Chemical Co. Ltd.
    • 14.3.9.1 Company Overview
    • 14.3.9.2 Product Portfolio
    • 14.3.9.3 Financials
  • 14.3.10 Mitsubishi Chemical Holdings Corporation
    • 14.3.10.1 Company Overview
    • 14.3.10.2 Product Portfolio
    • 14.3.10.3 Financials
    • 14.3.10.4 SWOT Analysis
  • 14.3.11 Olin Corporation
    • 14.3.11.1 Company Overview
    • 14.3.11.2 Product Portfolio
    • 14.3.11.3 Financials
    • 14.3.11.4 SWOT Analysis
  • 14.3.12 Toray Industries Inc.
    • 14.3.12.1 Company Overview
    • 14.3.12.2 Product Portfolio
    • 14.3.12.3 Financials
    • 14.3.12.4 SWOT Analysis