Market Size of Curing Agent Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 7.17 Billion |
| Market Size (2029) | USD 9.23 Billion |
| CAGR (2024 - 2029) | 5.16 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Curing Agent Market Analysis
The Curing Agent Market size is estimated at USD 7.17 billion in 2024, and is expected to reach USD 9.23 billion by 2029, growing at a CAGR of 5.16% during the forecast period (2024-2029).
The curing agent market was negatively impacted by the COVID-19 pandemic as there was a slowdown in production and mobility wherein industries, such as paints and coatings, building and construction, etc., were forced to delay their production due to containment measures and economic disruptions. Currently, the market has recovered from the pandemic. The market reached pre-pandemic levels in 2022 and is expected to grow steadily in the future.
The increasing demand from the paints and coatings and building and construction industries is expected to fuel market growth.
However, stringent environmental regulations associated with curing agents to reduce volatile organic compounds (VOC) emissions are anticipated to hamper market expansion.
The development of environmentally friendly low or non-VOC agents is expected to provide opportunities for the market to flourish.
The Asia-Pacific region dominated the market around the world, with countries like China, India, and Japan being the biggest consumers.
