Home > Chemicals & Materials > Advanced Materials > Functional Materials > Curing Agents Market
Curing Agents Market Size
- Report ID: GMI8178
- Published Date: Feb 2024
- Report Format: PDF
Curing Agents Market Size
Curing Agents Market was valued at around USD 6.8 billion in 2023 and is anticipated to register a CAGR of over 5.2% between 2024 and 2032.
Curing agents, commonly used in the production of coatings, adhesives, and composites, play a pivotal role in enhancing the durability and performance of these end-products. The escalating need for high-performance materials across industries such as automotive, aerospace, construction, and electronics propels the market forward. Epoxy curing agents, in particular, are in high demand due to their versatility and excellent adhesion properties. The global push towards sustainable and environmentally friendly solutions further influences the curing agent market, leading to the development of eco-friendly alternatives. Thus, the curing agents industry is expected to attain a market value of over USD 10.7 billion by 2032.
As industries continue to invest in research and development, innovations in curing agent formulations are likely to emerge, catering to specific application requirements. Asia-Pacific stands out as a key region for market expansion, with robust industrial activities and infrastructural developments.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Curing Agents Market Size in 2023: | USD 6.83 billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 5.2% |
| 2032 Value Projection: | USD 10.78 billion |
| Historical Data for: | 2018 - 2023 |
| No. of Pages: | 300 |
| Tables, Charts & Figures: | 250 |
| Segments covered: | Type, Functionality, Application |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
As global awareness of environmental issues rises, regulatory bodies worldwide are imposing strict measures to curb the environmental impact of industrial processes and products. Curing agents, integral to various manufacturing sectors, face scrutiny due to their chemical compositions and potential environmental hazards. Compliance with regulations such as REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals) and other regional frameworks becomes imperative, adding complexity and cost to the production processes. Manufacturers are compelled to invest in research and development to formulate curing agents that meet the stringent criteria while maintaining performance standards. Additionally, the need to phase out or replace certain traditional curing agents, which may contain substances harmful to the environment, adds pressure to the industry.
Frequently Asked Questions (FAQ) :
Curing Agents Market Scope
