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Curing Agents Market Size & Share, By Type (Epoxy, Polyurethane, Rubber, Acrylic), Application (Paints And Coatings, Electrical And Electronics, Wind Energy, Building And Construction, Composites, Adhesives And Sealants), Regional Forecast, Industry Players, Growth Statistics Report 2024-2032

Report ID: FBI 2923


Published Date: May-2024


Format : PDF, Excel

Market Outlook:

Curing Agents Market size crossed USD 5.7 Billion in 2023 and is anticipated to reach USD 10.22 Billion by 2032, observing around 6.7% CAGR between 2024 and 2032.

Base Year Value (2023)

USD 5.7 Billion

19-23 x.x %
24-32 x.x %

CAGR (2024-2032)


19-23 x.x %
24-32 x.x %

Forecast Year Value (2032)

USD 10.22 Billion

19-23 x.x %
24-32 x.x %
Curing Agents Market

Historical Data Period


Curing Agents Market

Largest Region

Asia Pacific

Curing Agents Market

Forecast Period


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Market Dynamics:

Growth Drivers & Opportunity:

1. Increasing demand from end-use industries: The curing agents market is driven by the growing demand from end-use industries such as automotive, construction, and electronics. Curing agents are widely used in these industries for various applications such as adhesives, coatings, and composites, which is driving the growth of the market.

2. Advancements in technology: Technological advancements in the production of curing agents have led to the development of new and improved products with enhanced properties such as fast curing, high durability, and low VOC emissions. This is fueling the demand for curing agents in various industries, thereby driving market growth.

3. Growing infrastructure and construction activities: The increasing infrastructure and construction activities, especially in emerging economies, are driving the demand for curing agents. These agents are used in construction materials such as concrete, sealants, and adhesives, which are essential for infrastructure development, thus providing growth opportunities for the market.

4. Regulatory support for sustainable solutions: With the increasing focus on sustainability and environmental regulations, there is a growing demand for environmentally friendly curing agents. Regulatory support for sustainable solutions is driving the development and adoption of bio-based and eco-friendly curing agents, thereby creating growth opportunities for the market.

Report Scope

Report CoverageDetails
Segments CoveredType, Application
Regions Covered• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company ProfiledEvonik Industries, Hexion, BASF SE, Huntsman, Olin, Cardolite, Kukdo Chemical

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Industry Restraints:

1. Fluctuating raw material prices: The curing agents market is impacted by the fluctuating prices of raw materials such as epoxides, amines, and acids, which are used in the production of curing agents. Fluctuations in raw material prices can affect the profit margins of manufacturers and hinder market growth.

2. Health and environmental concerns: Some curing agents contain hazardous chemicals that can pose health and environmental risks. Increasing awareness about the harmful effects of certain curing agents is leading to a shift towards safer and environmentally friendly alternatives, thereby restraining the growth of the market.

3. Intense competition: The curing agents market is highly competitive with a large number of manufacturers offering similar products. Intense competition among market players leads to price wars, reducing profit margins and hindering the overall growth of the market. Additionally, it creates challenges for new entrants to establish themselves in the market.

Overall, while there are significant growth drivers for the curing agents market, including increasing demand from end-use industries, technological advancements, growing infrastructure activities, and regulatory support for sustainable solutions, there are also restraints such as fluctuating raw material prices, health and environmental concerns, and intense competition that can impact market growth.

Regional Forecast:

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North America:

The North American region, including the United States and Canada, is expected to witness significant growth in the curing agents market. This can be attributed to the growing demand for advanced materials in various industries such as automotive, construction, and electronics. Additionally, increasing investments in infrastructure development and rising awareness about the benefits of using curing agents in manufacturing processes are contributing to the market growth in this region.

Asia Pacific:

In the Asia Pacific region, countries such as China, Japan, and South Korea are anticipated to experience substantial growth in the curing agents market. Rapid industrialization, urbanization, and increasing disposable income in these countries are driving the demand for curing agents across various end-use industries. Moreover, the shift towards sustainable and eco-friendly products is further boosting the market growth in this region.


In Europe, including the United Kingdom, Germany, and France, the curing agents market is expected to witness steady growth. The region's well-established automotive and construction industries are driving the demand for advanced materials, including curing agents. Additionally, stringent regulations regarding the use of environmentally friendly products are prompting manufacturers to invest in innovative curing agent technologies, thus propelling market growth in the region.

Report Coverage & Deliverables

Historical Statistics Growth Forecasts Latest Trends & Innovations Market Segmentation Regional Opportunities Competitive Landscape
Curing Agents Market
Curing Agents Market

Segmentation Analysis:


In terms of segmentation, the global curing agents market is analyzed on the basis of Type, Application.

Curing Agents Market


The type segment of the curing agents market refers to the different categories of curing agents used in various industries. This segment includes epoxy curing agents, polyurethane curing agents, and silicone curing agents, among others. Each type of curing agent has specific characteristics and chemical properties that make them suitable for different applications. For example, epoxy curing agents are commonly used in adhesives, coatings, and composites, while polyurethane curing agents are often used in automotive, construction, and electronics industries. Understanding the type segment of the curing agents market is crucial for manufacturers and end-users to choose the right curing agent for their specific application and performance requirements.


The application segment of the curing agents market encompasses the different industries and sectors where curing agents are used. This segment includes coatings, adhesives, composites, construction, automotive, and electronics, among others. Each application requires specific curing agents that can provide the desired characteristics such as adhesion, durability, chemical resistance, and mechanical properties. For instance, in the coatings industry, curing agents are used to improve the hardness and scratch resistance of the coating, while in the construction industry, curing agents are used to enhance the strength and durability of concrete. Analyzing the application segment of the curing agents market is essential for understanding the demand and growth potential in different industries and for developing tailored solutions to meet specific industry requirements.

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Competitive Landscape:

The curing agents market is highly competitive, with several key players striving to establish their presence. The market is fragmented and witnessing intense competition, with companies focusing on product innovation, mergers, acquisitions, and collaborations to gain a competitive edge. The key players in the curing agents market are investing in research and development activities to develop new and advanced products, in order to cater to the growing demand from various end-use industries. Additionally, companies are also emphasizing on expanding their distribution network to reach a wider customer base. The top 10 companies operating in the curing agents market across the world are Huntsman International LLC, Hexion Inc., Aditya Birla Chemicals, Evonik Industries AG, Cardolite Corporation, BASF SE, Kukdo Chemical Co., Ltd., DIC Corporation, Gabriel Performance Products, and Atul Ltd.

Top Market Players:

1. Huntsman International LLC

2. Hexion Inc.

3. Aditya Birla Chemicals

4. Evonik Industries AG

5. Cardolite Corporation


7. Kukdo Chemical Co., Ltd.

8. DIC Corporation

9. Gabriel Performance Products

10. Atul Ltd.

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Curing Agents Market Size & Share, By Type (Epoxy,...

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