Robust Growth of Epoxy Curing Agents from APAC Region

Epoxy curing agents are innovative products in the resin curing industry. These are used as a chemical that is mixed to a substance or used as a formula that helps to aid the curing process. The epoxy curing agents are formulated to meet the required properties such as flexibility, viscosity, fast curing time, pot life, chemical resistant, water & wear resistant, adhesion. These are required for end-use necessities.

The global epoxy curing agents market is witnessing strong growth with rising demand from the Asia-Pacific region, especially from China and India. This is due to the robust demand for optimum performance, durability, and cost-effective nature of curing agents. Thus, due to such properties the use of epoxy curing agents in major application industries, such as coating, electronics, wind energy, construction, adhesives, and composites, is projected to grow by 2020.

The demand for epoxy curing agents is led by Asia-Pacific region           

Asia-Pacific region is emerging market for different industry sectors namely automotive, electronics, building & construction, and other manufacturing sectors. The demand for epoxy curing agent is driven by strong growth in coatings, adhesives, composites, potting & encapsulation products. The supporting factors such as increasing government proposals to improve public infrastructure and rising cash-intensive non-residential construction, coupled with the rise in product developments. Furthermore, the increasing rates of industrialization in China, Japan, South Korea, and India, along with growing population
and awareness regarding the benefits of high quality products, are the important drivers of this market. In Asia-Pacific, China and Taiwan are the hubs for the manufacturing of electronics goods, and are the best suited markets for the growth of epoxy curing agents. The leading global players such as Air Products & Chemicals, Inc., BASF SE, Hexion Inc., Dow Chemical, and Huntsman Corporation are offering various grades of epoxy curing agents to the end-users in the market.

The Asia-Pacific market for epoxy curing agents is projected to grow at a CAGR of 6.6%, in terms of value.

With the increase in R&D spending, the manufacturers have increased their focus on developing advanced technologies in terms of chemistry & innovation with very little change in the functions of the products. For instance, Air Products launched a new “Total Reactive Epoxy Curing Agent” technology to enhance its performance in polymer-based systems, thereby assisting the formulators to modify the system according to the needs of the users. This new technology is projected to be effective for coating applications and in turn will benefit the environment.