Market Size of Epoxy Curing Agent Industry
Study Period | 2019-2029 |
Market Size (2024) | USD 4.29 Billion |
Market Size (2029) | USD 5.45 Billion |
CAGR (2024 - 2029) | 4.85 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Epoxy Curing Agent Market Analysis
The Epoxy Curing Agent Market size is estimated at USD 4.29 billion in 2024, and is expected to reach USD 5.45 billion by 2029, growing at a CAGR of 4.85% during the forecast period (2024-2029).
- The COVID-19 pandemic had a negative impact on the market in 2020. However, the market has now reached pre-pandemic levels, and it is expected to grow at a steady pace in the forecast period.
- The increasing demand from the building and construction industry, new developments in lightweight composite materials, and growing demand for epoxy curing agents in the electronics industry are the major factors driving the demand for the studied market.
- However, environmental regulations on amine-based curing agents are expected to hinder the market's growth. Developing new eco-friendly epoxy curing agents will provide numerous opportunities for manufacturers over the forecast period.
- The Asia-Pacific region is expected to dominate the market, with the most prominent consumption trends registered in countries such as China and India.