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環氧樹脂固化劑市場:2023-2028年全球產業趨勢、佔有率、規模、成長、機會與預測Epoxy Curing Agent Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 |
2022年全球環氧固化劑市場規模達到41億美元。展望未來, IMARC Group預計到2028年市場規模將達到54億美元,2022-2028年複合年成長率(CAGR)為4.70%。延長設備使用壽命的需求日益成長,提高製造輕型汽車零件的利用率,例如用於減輕車輛重量和提高燃油效率的碳纖維增強複合材料,以及蓬勃發展的建築業是推動市場的一些主要因素。
環氧固化劑是固化或硬化過程中的重要成分。它們有多種類型,包括胺基、酸酐基和聚醯胺基,每種類型都具有獨特的性能和應用。它們有助於將液體環氧樹脂轉化為耐用的固體材料。它們可作為催化劑,引發環氧分子的交聯,形成堅固且耐化學腐蝕的結構。
目前,快速城市化和基礎設施發展帶來的建築業蓬勃發展正在推動市場的成長。除此之外,環氧樹脂固化劑在電子元件和印刷電路板(PCB)中至關重要,這正在加強市場的成長。此外,受益於汽車行業的不斷創新和對輕質耐用材料的需求,環氧固化劑在汽車塗料和複合材料中得到了應用。此外,風力渦輪機葉片生產和太陽能電池板封裝依賴環氧樹脂系統,在再生能源領域創造了巨大的市場利基。
海洋產業需求不斷成長
環氧固化劑對各種基材具有極佳的附著力,包括金屬、玻璃纖維和木材。這種特性確保了船舶建造和維修過程中牢固而持久的粘合。它們具有很強的防水、耐化學性和耐腐蝕性能,這使得它們成為保護船舶免受海水和惡劣海洋環境腐蝕影響的理想選擇。此外,環氧基材料具有較高的拉伸和壓縮強度,確保海洋結構和零件能夠承受航行和惡劣天氣條件的壓力。
保護工業設備和基礎設施的需求不斷成長
環氧塗層可提供堅固的屏障,防止因暴露於惡劣的工業環境、化學物質和濕氣而引起的腐蝕。這種保護可以延長設備和基礎設施的使用壽命。它們對多種化學物質具有高度耐受性,非常適合經常接觸腐蝕性物質的設施,例如化學加工廠和工廠。此外,環氧固化劑具有出色的耐磨性,可保護工業環境中的表面免受磨損,包括製造地板和重型機械。
對輕質和高強度材料的需求不斷成長
環氧複合材料因其輕質而堅固的特性而被用於飛機和太空船製造,有助於提高燃油效率和結構完整性。除此之外,環氧樹脂固化劑也用於製造輕質汽車零件,例如碳纖維增強複合材料,從而減輕車輛重量並提高燃油效率。此外,環氧複合材料也用於生產輕量高性能運動器材,包括網球拍、高爾夫球桿和自行車。他們也協助製造輕量耐用的醫療設備組件,例如義肢和矯形植入物。
The global epoxy curing agent market size reached US$ 4.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.4 Billion by 2028, exhibiting a growth rate (CAGR) of 4.70% during 2022-2028. The growing need to extend the lifespan of equipment, increasing utilization to manufacture lightweight automotive components, such as carbon fiber-reinforced composites for reducing vehicle weight and improving fuel efficiency, and thriving construction industry are some of the major factors propelling the market.
Epoxy curing agents serve as essential components in the curing or hardening process. They come in various types, including amine-based, anhydride-based, and polyamide-based, each offering unique properties and applications. They facilitate the transformation of liquid epoxy resins into durable and solid materials. They act as catalysts, initiating the cross-linking of epoxy molecules to form a robust and chemically resistant structure.
At present, the thriving construction industry due to rapid urbanization and infrastructure development is propelling the growth of the market. Besides this, epoxy curing agents are crucial in electronic components and printed circuit boards (PCBs), which is strengthening the market growth. In addition, epoxy curing agents find application in automotive coatings and composites, benefiting from the continuous innovation in the automotive industry and demand for lightweight and durable materials. Moreover, wind turbine blade production and solar panel encapsulation rely on epoxy systems, creating a substantial market niche within the renewable energy sector.
Increasing demand in the marine industry
Epoxy curing agents adhere exceptionally well to various substrates, including metals, fiberglass, and wood. This property ensures strong and durable bonds in boat and ship construction and repair. They are highly resistant to water, chemicals, and corrosion, which makes them ideal for protecting marine vessels from the corrosive effects of seawater and harsh marine environments. In addition, epoxy-based materials offer high tensile and compressive strength, ensuring that marine structures and components can withstand the stresses of navigation and harsh weather conditions.
Rising need to protect industrial equipment and infrastructure
Epoxy coatings provide a robust barrier against corrosion caused by exposure to harsh industrial environments, chemicals, and moisture. This protection extends the lifespan of equipment and infrastructure. They are highly resistant to a wide range of chemicals, making them ideal for facilities where exposure to corrosive substances is common, such as chemical processing plants and factories. Furthermore, epoxy curing agents offer excellent resistance to abrasion, protecting surfaces from wear and tear in industrial settings, including manufacturing floors and heavy machinery.
Growing demand for lightweight and high-strength materials
Epoxy-based composites are used in aircraft and spacecraft construction for their lightweight yet robust properties, contributing to fuel efficiency and structural integrity. Besides this, epoxy curing agents are utilized to manufacture lightweight automotive components, such as carbon fiber-reinforced composites, reducing vehicle weight and improving fuel efficiency. In addition, epoxy composites are employed in the production of lightweight, high-performance sporting equipment, including tennis rackets, golf clubs, and bicycles. They also assist in manufacturing lightweight and durable medical device components, such as prosthetics and orthopedic implants.
IMARC Group provides an analysis of the key trends in each segment of the market report, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on product type, application, and end user.
Amines
Polyamides
Anhydrides
Others
Amines dominates the market
The report has provided a detailed breakup and analysis of the market based on the product type. This includes amines, polyamides, anhydrides, and others. According to the report, amines represented the largest segment as amines are used in the production of a wide array of pharmaceuticals, from antibiotics to antidepressants, as they often serve as key building blocks in drug synthesis. They also assist in producing dyes and pigments, contributing to the vibrant colors in textiles, paints, and inks. In addition, amines are utilized in the formulation of pesticides and herbicides to protect crops from pests and weeds. They play a vital role in modern agriculture by ensuring higher yields and crop protection. They are also employed in water treatment processes to remove impurities and control pH levels. Furthermore, amines are used as accelerators and stabilizers in the vulcanization of rubber, contributing to the production of durable and high-performance rubber products.
Composites
Paints and Coatings
Adhesives and Sealants
Electrical and Electronics
Others
Paints and coatings hold the largest share in the market
A detailed breakup and analysis of the market based on the application has also been provided in the report. This includes composites, paints and coatings, adhesives and sealants, electrical and electronics, and others. According to the report, paints and coatings accounted for the largest market share as epoxy curing agents enhance the durability of paints and coatings. When epoxy resins cure, they form a crosslinked, highly resistant film that can withstand abrasion, chemicals, and environmental stressors, ensuring the longevity of the coating. In addition, epoxy curing agents promote excellent adhesion to a wide range of substrates, including metals, concrete, and wood. This strong bond prevents peeling, flaking, and delamination of the coating over time.
Building and Construction
Transportation
Wind Power
Aerospace
Marine
Others
A detailed breakup and analysis of the market based on the end user have also been provided in the report. This includes building and construction, transportation, wind power, aerospace, marine, and others.
Epoxy curing agents are used in building and construction materials like lightweight concrete and advanced adhesives, reducing the overall weight of structures without compromising strength. They adhere strongly to various substrates, ensuring that the coating remains intact even in high-stress environments.
These agents are also utilized for manufacturing lightweight automotive components, such as carbon fiber-reinforced composites, reducing vehicle weight and improving fuel efficiency. They are formulated to be low in volatile organic compounds (VOCs), aligning with environmental regulations and sustainability goals.
Epoxy curing agents reinforce the structural strength of wind turbine blades, enabling them to withstand high wind loads while remaining lightweight.
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Asia Pacific exhibits a clear dominance, accounting for the largest epoxy curing agent market share
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.
The Asia Pacific region is experiencing significant industrial growth, particularly in countries like China, India, and Southeast Asian nations. This industrialization is driving the demand for epoxy-based products in various sectors. In addition, the region is a global manufacturing hub for various industries, including electronics, automotive, and consumer goods. Epoxy curing agents play a critical role in the production of lightweight, high-strength components, making them essential in manufacturing processes.
Key players in the market are focusing on developing innovative products to meet evolving customer needs. This includes the development of eco-friendly curing agents with lower VOC content and improved performance characteristics. Many companies are forming strategic partnerships and collaborations to expand their market reach and enhance their product portfolios. These collaborations combine the expertise of different companies in epoxy resin and curing agent technologies. In addition, key players are working on developing greener products and adopting sustainable manufacturing processes. They are also offering customized epoxy curing agent solutions to cater to specific customer requirements across various industries.
Aditya Birla Management Corporation Pvt. Ltd.
Atul Ltd.
BASF SE
Cardolite Corporation
Cargill Incorporated
Evonik Industries AG
Hexion Inc.
Huntsman Corporation
Kukdo Chemical Co. Ltd.
Mitsubishi Chemical Holdings Corporation
Olin Corporation
Toray Industries Inc.
(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
In 2022, BASF SE increased the production capacity for key specialty amines manufactured at its Geismar, Louisiana site. These amines are utilized as highly efficient curing agents and chain extenders in epoxy and polyurea applications for the wind, electrical, composites, adhesives and flooring industries.
In Jan 2021, Huntsman Corporation announced that it completed the acquisition of Gabriel Performance Products (Gabriel), a North American specialty chemical manufacturer of specialty additives and epoxy curing agents for the coatings, adhesives, sealants and composite end-markets, from Audax Private Equity.
In Sep 2023, Aditya Birla Management Corporation Pvt. Ltd launched its paints business under the brand name 'Birla Opus'. It offered a full suite of high-quality products in the decorative paints segment.