Epoxy curing agents Market was valued at US$3600 million in the year 2017-2025

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Epoxy Curing Agents Market – Snapshot

Curing agents (hardeners) are a kind of chemical additives added to resins to harden or toughen them. Epoxy curing agents contain epoxide functional group. The choice of epoxy curing agents depends on the base resin as well as the required degree of toughness. Each epoxy curing agent has its own set of characteristics that defines the degree of curing and time. Epoxy curing agents are commonly utilized in metal coatings, adhesives, composite, and concrete coatings, applications. These agents are mainly employed as primers for protective coatings. Epoxy resins have an inbuilt bonding capacity.

They offer properties such as mechanical strength, electrical insulation, and chemical strength. Epoxy resins work more effectively when combined with curing agents. Hence, proper selection of curing agents is as important as selection of epoxy resins. The global epoxy curing agents market is expected to expand at a significant rate driven by increase in demand from the paints & coating industry. The epoxy curing agents market was valued at about US$ 3,600 Mn in 2017 and is projected to expand at a CAGR of 6.5% during the forecast period.

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Major players in the epoxy curing agents market have adopted expansions and joint ventures as key strategies to expand their network and share their investments. For instance, in July 2017, Huntsman International LLC. Completed the expansion of its world-scale amines production facility in Jurong Island in Singapore. The company had a production capacity of 25,000 tons per year before the expansion. Currently, its production capacity is 50,000 tons per year. The expansion fits perfectly with Huntsman International’s investment and leadership and has helped expand its product portfolio.

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Launching new products and facilities is likely to be the long term strategy of epoxy curing agent manufacturers. For example, in January 2016, Huntsman launched two new waterborne epoxy curing agents namely EFFAMINE M1000 polyetheramine and JEFFAMINE M2070 polyetheramine. JEFFAMINE M series polyetheramine products are monoamines based on polypropylene glycol (PPG) or polyethylene glycol (PEG) backbones. Primary applications of these products are formulating emulsifiers, pressure sensitive adhesives, and corrosion inhibitors. Additionally, these products provide benefits such as surfactant properties to modify a variety of resin types and are water soluble. Furthermore, in April 2018.

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