Curing Agent Market

Curing Agent Market Size was valued at USD 3.7 Billion in 2022. The Curing Agent industry is projected to grow from USD 4.11 Billion in 2023 to USD 6.1 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.35% during the forecast period (2023 - 2032). Rising demand for epoxy curing compounds due to their use in adhesives & coatings are the key market drivers contributing to market growth and expansion.

Key Companies in the Curing Agent market include

• Evonik Industries AG (Germany)
• BASF SE (Germany)
• Huntsman International LLC (US)
• Hexion (US)
• Olin Corporation (US)
• Cardolite (US)
• Aditya Birla Chemicals (India)
• Mitsubishi Chemical Corporation (Japan)
• Atul Ltd (India)
• Albemarle Corporation (US)
• GABRIEL (US)
• Campbell Plastics (UK)
• Arnette Polymers LLC (US)
• Cargill Incorporated (US)
• Epochemie International Pte Ltd (Singapore)
• KUMIAI CHEMICAL INDUSTRY CO. LTD. (Japan)
• LEUNA-Harze GmbH (Germany)

Curing Agent Industry Developments:

September 2021: Axalta, a leading coating manufacturer, announced the commencement of construction for its state-of-the-art coatings plant in Jilin province, North China. Set to produce mobility coatings for automobiles and automotive plastic parts, this new facility represents Axalta's commitment to advancing automotive coatings technology.

November 2023: Wacker Chemie AG, a German multinational chemical company, unveiled a breakthrough in curing agent technology with the development of Genioplast® L 6120. This low-viscosity aromatic diamine curing agent is tailored for superior performance across a range of applications, including rigid foams, spray foams, and adhesives, contributing to advancements in polyurethane foam technology.

May 2021: PPG announced the completion of a USD 13 million project at its coatings and paint plant in Jiading, China, in May 2021. This project included the installation of eight additional powder coating manufacturing facilities and expansion of the Powder Coatings Technology Centre, significantly increasing the plant's annual capacity by over eight thousand metric tons.

March 2017: Huntsman Corporation introduced a new line of low-temperature curing chemicals for heavy-duty coatings applications across industries such as oil and gas, transportation, and manufacturing in March 2017. These innovations are expected to fuel interest in curing agents for coatings applications, driving advancements in coating technology.

Curing Agent Market Segmentation

Curing Agent Type Outlook

• Epoxy
• Polyurethane
• Silicone Rubber
• Others

Curing Agent Application Outlook

• Coatings
• Adhesives
• Composites
• Wind Energy
• Others

Curing Agent Regional Outlook

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Australia
  • Rest of Asia-Pacific
• Rest of the World
  • Middle East
  • Africa
  • Latin America