Epoxy Curing Agents Market | Size & Growth

 


Epoxy is really a compound consisting of two hydrogen atoms bonded together via an electrochemical reaction. Once the hydrogen atoms are bonded together, they provide rise to a clear solution containing many different hydroxyl groups and one or more esters. Epoxy resin is employed in abrasive applications and other chemical bonding operations to create a protective layer against corrosion, temperature change, oxidation, and other conditions. A high-quality epoxy resin can withstand extreme temperatures and resist abrasive loads. It is useful for floor coatings, ceiling and wall coverings, bonding to plastics and rubber components, sealing materials for aquariums, food packaging, medical applications, and many other applications. Its chemical and physical properties allow it to be highly helpful for bonding, vaporizing, hardening, and coating materials.

Growing demand for Epoxy Curing Agents Market across various applications such as for instance wind energy, coatings, electrical & electronics, adhesive, construction, and composite is fueling industry growth. Rise in the construction industry as a result of increasing investment in the construction industry across developing and the developed region is anticipated to augment industry growth of the epoxy curing agents. Moreover, the growing demand for consumer electronic products is again projected to foster industry growth of the epoxy curing agents. Furthermore, the growing demand for coatings, composites, and adhesives is also projected to propel industry growth of the epoxy curing agent.

The Asia Pacific is anticipated to exhibit significant growth within the forecast period and this really is related to the high demand for consumer electronic products in the region. In line with the India Brand Equity Foundation, the Indian appliance and electronic devices (ACE) market reached Rs. 76,400 crore (US$ 10.93 billion) in 2019. Appliances and the electronic devices industry is anticipated to double to achieve Rs. 1.48 lakh crore (US$ 21.18 billion) by 2025.



Key Developments:

In March 2020, Gabriel Performance Products (“Gabriel”), a U.S.-based specialty chemicals company serving the coatings, adhesives, and composite markets, announces the launch of a new epoxy curing agent, VERSACURE® RAC 9040 and RAC 9010UV for clear coatings, tabletop and countertop applications.

In October 2018, Bitrez Ltd has launched the world's first Ketamine epoxy curing agents to combat the withdrawal of conventional grades prohibited in Europe under REACH regulations. The new grades have already been added for their already extensive Curamine cross-linking agents for the epoxy resin product range.

In April 2020, Hexion Inc. has launched both a new lower yellowing epoxy system for concrete protection and a unique amine curing agent to help coatings manufacturers meet lower indoor air emissions requirements while also reducing costs.


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