According to a recent research report released by Future Market Insights, a market research and consulting firm certified by ESOMAR, the global epoxy curing agent market is worth approximately 2.45 billion US dollars and is expected to exceed 4 billion US dollars by the end of 2028. In terms of value, the market is expected to exhibit a gradual compound annual growth rate of 5% during the evaluation period from 2022 to 2028. The successful emergence of bio based and water-based epoxy resin curing agents is expected to drive the market in the next 10 years.
"The increased consumption of epoxy resin by Electron shell manufacturers and the large demand for printed circuit boards (PCBs) widely used in electronic product manufacturing will jointly promote the epoxy resin curing agent market in the next decade. The fuel efficiency regulations formulated by automobile manufacturers and aerospace component manufacturers for the use of lightweight materials will also greatly promote the market," the research analyst team found.
Market segmentation insights
·By product type, amines and polyamines represent the main segmented markets, while amides and polyamides are considered the fastest-growing segmented markets.
·Based on applications, paints, coatings, and inks will continue to maintain their main revenue share, followed by the rapidly growing segmented market of composite materials.
·From the perspective of end use, the construction, electrical and electronic, automotive, and aerospace industries may still be key areas from 2018 to 2028.
China will maintain a central position in revenue generation
Based on insights provided through regional assessments, the global epoxy resin curing agent market has been dominated by China for many years. The Chinese market currently accounts for nearly 45% of global revenue. This growth is mainly attributed to the significant consumption of epoxy resin by the paint, coating, and ink industries. In addition, China's demand for coatings has been growing, especially in the automotive, flooring, and manufacturing industries, which will further promote the development of epoxy resin curing agents in the near future. Due to the high demand for renewable energy, Western Europe is expected to rank second in terms of income contribution.

Despite the small size of the market, emerging economies will still rise rapidly
Although North America is expected to grow slowly throughout the forecast period, it is reported that developing countries from emerging economies such as Latin America, Southeast Asia, the Pacific (SEAP), and the Middle East and Africa (MEA) will encounter attractive opportunities in the coming years. Developing regions are expected to become a "high growth, low production" market for epoxy resin curing agents. SEAP is expected to thrive at a compound annual growth rate of around 5.2% from 2018 to 2028, with India, Thailand, and South Korea leading the way. ASEAN countries are expected to open multiple opportunities for the power generation and construction industries.
Key player insights
The relatively integrated competition pattern of the global epoxy resin curing agent market is operated by several key companies, including BASF, Evonik, Adiabara, Olin, Gabriel Performance Products, Toray Fine Chemical Co., Ltd., Hansen, Showa Electric Co., Ltd. and Mitsubishi Chemical Co., Ltd. In addition to Huntsman Corporation, Olin, Evonik and other major players, the global market also benefited from the important contributions of several regional and local companies.