According to Fact.MR, demand for epoxy hardeners is anticipated to expand at a CAGR of 6.05% from 2021 to 2031, with overall value anticipated to reach US$ 6.3 Bn, owing to increasing demand as painting and coating agents in the automotive and electronic industry. Dynamic trends in industries such as construction, aerospace, marine, home décor, and electronics are set to provide significant thrust to market growth of epoxy hardeners.
Prospects declined significantly amid the COVID-19 pandemic, attributed to shutdowns experienced in the global manufacturing industry. However, unceasing demand for consumer electronics has sustained demand throughout the pandemic crisis.
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Key Takeaways from the Market Study
- By product group, polyamide epoxy hardeners acquired 1/4th of the global market share in 2020
- Special epoxy hardeners demand expected to surge at over 5% CAGR until 2031
- Aromatic amines to register a growth rate of 5% from 2021 to 2031
- Paints & coatings to be primary end use industry, scheduled to gain 70 BPS by 2031
- Liquid epoxy hardeners clocked a share of around US$ 2.5 Bn in 2020
- U.S market for epoxy hardeners to expand at a CAGR of approximately 5%
- China to account for a revenue share worth 45% across the 2021-2031 assessment period
“With the increasing trend of high-rise, large-scale, and functional modern architectural structures, lightweight material gain a significant thrust by fuel-efficiency regulations set for the use of lightweight materials by automakers and garnered active research attention in the aerospace sector,” comments a Fact.MR analyst.
Competitive Landscape
Prominent players are embracing innovative approaches such as ground-breaking marketing tactics, technological advancements, mergers, and acquisitions.
- In June 2021, Aditya Birla Group-Advanced Materials business has planned to invest towards increasing business capacity by ~125 KTPA through a brown field expansion at its Vilayat, Gujarat, India location. It will include standard & specialty epoxy products along with curing agents.
- In February 2020, Cardolite Corporation announced the release of its new NX-8501 waterborne curing agent for epoxy coatings and adhesives. Completely solvent-free, this hardener enables zero and low VOC formulations without compromising performance. The agent removes 80% of dissolved solids in water
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Key Companies Profiled :
- Aditya Birla Chemicals Ltd.
- Air Products & Chemicals Inc.
- BASF SE
- Cardolite Corporation
- Dow
- Hexion Inc.
- Evonik Industries AG
- Gabriel Performance Products LLC
- Henkel AG & Co. KGaA
- Huntsman International LLC
- Kukdo Chemical Co.
- Mitsubishi Chemical Corporation
Key Segments Covered
- Product Group
- Polyamide Epoxy Hardeners
- Amino Amine Epoxy Hardeners
- Aliphatic Amine Epoxy Hardeners
- Cycloaliphatic Amine Epoxy Hardeners
- Aromatic Amines Epoxy Hardeners
- Phenalkamine Epoxy Hardeners
- Anhydride Epoxy Hardeners
- Type
- Special Epoxy Hardeners
- Slow Epoxy Hardeners
- Medium Epoxy Hardeners
- Fast Epoxy Hardeners
- Form
- Liquid Epoxy Hardeners
- Solvent-based Epoxy Hardeners
- Waterborne Epoxy Hardeners
- Solid Epoxy Hardeners
- Application
- Epoxy Hardeners for Composites
- Epoxy Hardeners for Adhesives
- Epoxy Hardeners for Paints & Coatings
- Epoxy Hardeners for Other Applications
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Questionnaire answered in the Epoxy Hardener Market report include:
- How the market for Epoxy Hardener has grown?
- What is the present and future outlook of the global Epoxy Hardener on the basis of region?
- What are the challenges and opportunities for the Epoxy Hardener?
- Why the consumption of Epoxy Hardener highest in region?
- In which year segment is expected to overtake segment?
What makes Fact.MR report stand out from others?
- MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Epoxy Hardener market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.
- Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Epoxy Hardener market, thus, making it different and special from other reports.
- Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
- Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Epoxy Hardener market and assists to create strategies to overcome the obstacles that may hinder the growth of the Epoxy Hardener market.
- Leverage: The Epoxy Hardener market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
- Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
- Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Epoxy Hardener market.
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