Curing Agent Market Share

• The growing demand for epoxy-curing compounds is driving the market growth

The rising demand for epoxy-curing compounds drives Market CAGR for curing agents. The greater need for high-performance resins generated by polymer mixing in the paint and coatings sector will boost market expansion. Key market attributes include excellent adhesion capabilities, great color consistency, and elevated viscosity. As a result, the expanding paint and coating sector is a crucial driver driving the worldwide epoxy curing agents industry.

However, strict environmental laws regarding the usage of volatile organic solvents may serve as a restraining factor for the growth of the epoxy curing agent market. Epoxy resins are additionally frequently employed in the manufacture of adhesives and sealing compounds, which have a variety of industrial uses. To solve construction challenges, lightweight composites for the architecture and construction industries are being created employing epoxy curing agents.

Furthermore, epoxy resins are used in waterproofing therapies, sealing compounds, and primers. It protects the concrete from dampness. They additionally possess good adhesion, dry quickly, and have excellent concrete durability.

Additionally, increasing demand for energy and environmental regulations have encouraged the building of renewable energy-producing plants. Wind power has developed appeal in many places as an alternative to traditional energy generation. Because they are used in the production of turbine blades, epoxy-curing chemicals are in great demand in wind energy. As wind power installation is expected to rise, key providers of epoxy-curing chemicals focus on this element to maximize their sales potential.

Development in the construction, manufacturing, electronics, automobiles, and electric power industries will likely drive up the need for epoxy curing chemicals due to rising demands for coatings and paints, glue and sealing compounds, and composites.

The covid-19 epidemic and worldwide lockdown, interruption in manufacturing operations and supply chain, and production halts have negatively influenced the treatment market in 2020. Wind energy, finishes, building, composite materials, electrical, and gadgets drive the curing agent the marketplace ahead. As an entire nation, India is expected to invest USD 1.300 trillion in real estate over the next seven years, boosting the overall market.

For instance, composites require resins or curing ingredients throughout the production process for quicker curing and higher strength. The durability of things created using resins exceeds that of traditional commodities. Despite being around 50% lower than steel & almost 30% thinner than aluminum, composite materials function and are strong in various aerospace and automotive purposes. Thus, it is anticipated that demand for Curing agents will increase throughout the projected timeframe due to the rising demand for epoxy-curing compounds. Thus, driving the Curing Agent market revenue.

The Global Curing Agent Market Industry is poised for substantial growth, with projections indicating a compound annual growth rate (CAGR) of 4.62% from 2025 to 2035. This growth trajectory reflects the increasing adoption of curing agents across various sectors, including construction, automotive, and manufacturing. As industries continue to evolve and demand for high-performance materials rises, the market is expected to expand significantly. The anticipated market value of 7.1 USD Billion by 2035 underscores the potential for investment and innovation within the industry, highlighting the importance of curing agents in modern applications.

The automotive industry is a significant driver of the Global Curing Agent Market Industry, as curing agents are essential in the production of composite materials used in vehicle manufacturing. With the automotive sector evolving towards lightweight materials for improved fuel efficiency, the demand for advanced curing agents is likely to increase. This sector's growth is anticipated to contribute to the overall market expansion, as manufacturers seek high-performance materials that meet stringent safety and performance standards. The integration of curing agents in automotive applications is expected to enhance product durability and performance, further solidifying their importance in the industry.

Regulatory frameworks and standards play a crucial role in shaping the Global Curing Agent Market Industry. Governments worldwide are implementing regulations that promote the use of high-quality curing agents to ensure safety and performance in construction and manufacturing. Compliance with these standards not only enhances product credibility but also encourages manufacturers to innovate and improve their offerings. As regulations evolve, they are likely to create a more competitive landscape, driving companies to invest in research and development. This regulatory support is expected to facilitate market growth, as adherence to standards becomes increasingly vital for industry players.

The Global Curing Agent Market Industry is experiencing a surge in demand primarily driven by the construction sector. With a projected market value of 4.32 USD Billion in 2024, the industry is witnessing increased utilization of curing agents in concrete applications. These agents enhance the durability and strength of concrete, which is crucial for modern infrastructure projects. As urbanization accelerates globally, the need for robust construction materials becomes paramount. This trend is expected to continue, with the market projected to reach 7.1 USD Billion by 2035, indicating a strong growth trajectory fueled by ongoing construction activities.

The Global Curing Agent Market Industry is increasingly shaped by a shift towards sustainable practices. Industries are prioritizing eco-friendly materials and processes, leading to a rise in demand for bio-based curing agents. These agents, derived from renewable resources, offer a lower environmental impact compared to traditional options. As regulatory frameworks tighten globally, companies are compelled to adopt sustainable solutions, which in turn drives market growth. The trend towards sustainability is expected to bolster the market, as consumers and businesses alike seek products that align with their environmental values.

Innovations in the formulation and application of curing agents are significantly influencing the Global Curing Agent Market Industry. Advanced curing agents, such as those incorporating nanotechnology, are being developed to improve performance characteristics. These innovations not only enhance the efficiency of curing processes but also contribute to sustainability by reducing waste. The introduction of eco-friendly curing agents aligns with global environmental regulations, appealing to a broader market segment. As these technologies evolve, they are likely to attract investments, further propelling market growth and expanding the range of applications across various industries.

By region, the research provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Curing Agent market area accounts for the second-highest market share during the projected timeframe, owing to the strong demand from key final-use sectors, which will boost the market growth in the North American region.

Further, the major countries studied in the market report are the US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Curing Agent Market Share by Region 2022 (USD Billion)

Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

Europe region’s Curing Agent market is expected to grow quickly during the projected timeframe due to the increasing aircraft production in this region. Further, the German Curing Agent market holds the largest market share, and the UK Curing Agent market is expected to grow and expand significantly in the European region during the projected timeframe.

The Asia-Pacific Curing Agent Market will dominate this market during the projected timeframe. This is because of the region's strong vehicle manufacturing and sales. In addition, the construction sector is expanding due to growing industrialization and urbanization in developing nations. Moreover, China’s Curing Agent market dominates the market share, and the Indian Curing Agent market is expected to expand and grow steadily in the Asia-Pacific region during the projected timeframe.

Leading market players invested heavily in research and Development (R&D) to scale up their manufacturing units and develop technologically advanced solutions, which will help the Curing Agent market grow worldwide. Market participants are also undertaking various organic or inorganic strategic approaches to strengthen and expand their footprint, with significant market developments including new product portfolios, contractual deals, mergers and acquisitions, capital expenditure, higher investments, and strategic alliances with other organizations. Businesses are also coming up with marketing strategies such as digital marketing, social media influencing, and content marketing to increase their scope of profit earnings.

The Curing Agent industry must offer cost-effective and sustainable options to survive in a highly fragmented and dynamic market climate.

Manufacturing locally to minimize operational expenses and offer aftermarket services to customers is one of the critical business strategies organizations use in the Curing Agent industry to benefit customers and capture untapped market share and revenue. The Curing Agent industry has recently offered the Advanced Materials industry significant advantages. Moreover, more industry participants are utilizing and adopting cutting-edge Technology has grown substantially.

Major players in the Curing Agent market, including Evonik Industries AG (Germany), BASF SE (Germany), Huntsman International LLC (US), Hexion (US), Olin Corporation (US), Cardolite (US), Aditya Birla Chemicals (India), Mitsubishi Chemical Corporation (Japan), Atul Ltd (India), Albemarle Corporation (US), GABRIEL (US), Campbell Plastics (UK), Arnette Polymers, LLC (US), Cargill, Incorporated (US), Epochemie International Pte Ltd (Singapore), KUMIAI CHEMICAL INDUSTRY CO., LTD. (Japan), and LEUNA-Harze GmbH (Germany), and others are attempting to expand market share and demand by investing in R&D operations to produce sustainable and affordable solutions.

PPG Industries, Inc. produces and distributes coatings, specialized substances, and glass components. It works in two segments: Performance Coating and Commercial Coating. John B. Ford and John A. Pitcairn started the corporation in 1883, and its headquarters was in Pittsburgh, Pennsylvania. PPG announced in May 2021 the conclusion of a USD 13 million project at its coatings and paint plant in Jiading, China, which included the installation of eight additional powder coating manufacturing facilities and expanding the Powder Coatings Technology Centre. The expansion boosted the plant's capacity by over eight thousand metric tons per year.

Huntsman Corporation is a worldwide producer and marketer of unique and specialized chemicals that serve a wide range of manufacturers in a variety of household & industrial end industries. They are a publicly listed maker and distributor of distinctive and specialty chemicals with projected revenues of $8 billion in 2021. Huntsman Corporation introduced a new line of low-temperature curing chemicals for heavy-duty coatings applications in industries such as oil and gas, transportation, and manufacturing in March 2017. Such advancements are projected to drive interest in curing agents in coatings usage.