Increasing emphasis on environmental regulations, sustainable manufacturing processes, and developing eco-friendly curing agents to align with global environmental initiatives and customer preferences drives the market. In particular, bio-degradable curing agents (bio-binders) to tackle the sustainability concern, derived from natural and renewable resources like plants, natural oils, and proteins that are easily bio-degradable are being developed.
In addition, end-user industries continue to seek tailored solutions that meet specific performance criteria for their applications, prompting suppliers to offer customizable formulations and technical support. Tailor-made solutions adjust the chemical composition of curing agents and optimize curing times, curing temperatures, application methods, and post-curing characteristics to ensure optimal performance in specific operating conditions.
As emerging countries across Asia Pacific, Latin American, and Eastern European regions undergo rapid industrialization and urbanization, there is a growing demand for advanced materials that offer durability, enhanced performance, and compliance with stringent regulatory standards. Customization and localization of curing agent formulations to cater to specific regional needs and environmental conditions, and the shift towards sustainable development practices are influencing the demand for eco-friendly curing agents, and others continue to drive the market outlook in these countries. Amidst robust market demand growth, leading companies are launching an expansive line of products to cater to wide end-user industries with varying molecular structure, basicity, and number of functional groups.
Amidst increasing environmental concerns and regulatory pressures worldwide, leading companies such as Evonik Industries are focusing on developing curing agents that minimize environmental impact while maintaining high performance across a diverse range of applications. In particular, strong demand from end-user industries including coatings, adhesives, and composites, with sustainable practices becoming integral to product development and market competitiveness.
In particular, the rise of bio-based formulations, derived from renewable sources such as plant oils, sugars, or starches, offering a reduced carbon footprint compared to traditional petrochemical-based counterparts. Bio-based curing agents not only meet regulatory requirements for lower volatile organic compound (VOC) emissions but also appeal to environmentally conscious consumers and industries aiming to enhance their sustainability profiles.
Wind energy presents the ideal solution to the global energy crisis, offering an extremely cost-effective alternative to traditional fossil fuels at zero carbon emissions. In 2022 wind electricity generation increased by a record 265 TWh (up 14%), reaching more than 2 100 TWh. Further, the IEA estimates an aggressive target of envisaging approximately 7 400 TWh of wind electricity generation in 2030.
Such robust market growth prospects drive the demand for curing agents in the industry. In wind energy applications, curing agents are critical components used in the manufacturing of composite materials that form key parts of wind turbine blades. These agents facilitate the transformation of raw materials into strong, durable, and lightweight structures that can withstand the demanding conditions of wind energy production.
Epoxy curing agents play a crucial role in the curing process of epoxy resins, facilitating the transformation from a liquid or thermoplastic state to a tough, durable, and thermoset polymer. In 2024, the segment accounted for 57.3% of the global curing agents market size. The agents initiate and accelerate cross-linking reactions between epoxy molecules, forming a strong three-dimensional network that enhances mechanical strength, chemical resistance, and thermal stability.
Epoxy coatings are widely favored for their corrosion resistance, durability, and aesthetic appeal, making them ideal for industrial flooring, automotive parts, marine coatings, and protective coatings for infrastructure. They are prominently employed in coatings and adhesives due to their ability to impart excellent adhesion to various substrates, including metals, concrete, and plastics.
Amines and amine derivatives are the most diverse group of epoxy-curing agents. The curing of epoxy resin curing agents by amine continues to witness rapid demand growth driven by increased use in the production process of polyurethane products to enhance the stability of polyurethane products.
The organic polyamine compound is widely used as an epoxy resin curing agent owing to improved tear strength, heat resistance, hardness, acid resistance, alkali resistance, abrasion resistance, insulation, resilience, compression deformation, and other physical properties. On the other hand, Strong Odor, Moisture Sensitivity, and Flammability continue to pose challenges for widespread adoption.
The U.S. curing agents market is propelled by the robust coatings industry. The industrial coatings and protective applications sector also significantly impacts the curing agents market. The need for durable coatings in industries such as oil and gas, which require protective coatings to safeguard equipment and infrastructure from corrosion, drives the demand for curing agents.
Further, the construction industry in the U.S. is a major contributor, with the market size of the U.S. construction sector expected to reach $1.8 trillion by 2025, according to the U.S. Census Bureau. The growth is driven by ongoing residential, commercial, and infrastructure development projects, necessitating high-performance construction materials such as durable concrete, adhesives, and sealants, all of which rely heavily on curing agents.
The industry is partly consolidated in nature and is characterized by the presence of both capital-intensive global players and medium-scale local companies. Leading companies in the industry include- Evonik Industries, Hexion (acquired by Westlake), BASF SE, Huntsman Corporation, Olin Corporation, Cardolite Corporation, Kukdo Chemical Co., Ltd, Aditya Birla Chemicals Ltd, Mitsubishi Chemical Corporation, Atul Lts, Albermarle Corp, and others.
Raw Material Production- BASF SE, Evonik Industries, Dow Chemical Company, INEOS Group, Kraton Corporation
Curing Agent Formulation and Manufacturing- Huntsman Corporation, Olin Corporation, Mitsubishi Chemical, Hexion Inc, Air Products and Chemicals, Inc
Specialty Curing Agents for Niche Applications- Cardolite Corporation, Gabriel Performance Products, Shamrock Technologies, Perstorp
Packaging and Distribution- Univar Solutions, Brenntag AG, 3M Company, Azelis
End-Product Application and Integration- Sherwin-Williams, AkzoNobel NV, PPG Industries, Axalta Coating Systems, RPM International
|
Parameter |
Details |
|
Market Size (2024) |
$7.4 Billion |
|
Market Size (2032) |
$11.8 Billion |
|
Market Growth Rate |
5.95% |
|
Largest Segment- Types |
Epoxy Curing Agent (57.5% Market Share) |
|
Fastest Growing Market- Product |
Amine Based (6.98% CAGR) |
|
Largest Segment- Amine Based Sub Types |
Polyamides |
|
Largest Segment- Applications |
Coatings ($3.4 Billion Revenue) |
|
Segments |
Types, Sizes, Sales Channels, Applications |
|
Study Period |
2018- 2023 and 2024-2032 |
|
Units |
Revenue (USD) |
|
Qualitative Analysis |
Porter’s Five Forces, SWOT Profile, Market Share, Scenario Forecasts, Market Ecosystem, Company Ranking, Market Dynamics, Industry Benchmarking |
|
Companies |
Evonik Industries, Westlake (Hexion), BASF SE, olin Corporation, Huntsman Corporation, Mitsubishi Chemical Corporation, Aditya Birla Chemicals Ltd, Albermarle Corp, Kukdo Chemical Co., Ltd, Atul Lts, Cardolite Corporation |
|
Countries |
US, Canada, Mexico, Germany, France, Spain, Italy, UK, Russia, China, India, Japan, South Korea, Australia, South East Asia, Brazil, Argentina, Middle East, Africa |
Type
Epoxy
Applications
Countries Analyzed
Curing Agents Companies Profiled in the Study
*- List Not Exhaustive
About USD Analytics
Table of Contents
1. Executive Summary
What’s New in 2024?
Top 10 Takeaways from the Industry
Potential Opportunities for Industry Stakeholders
Strategic Imperatives
Company Market Positioning
Industry Benchmarking Matrix
2. Research Scope and Methodology
Market Definition
Market Segments
Companies Profiled
Research Methodology
Data Sources
Conversion Rates for USD
Abbreviations
3. Strategic Landscape: Key Insights and Implications
Spotlight: Key Strategies Opted by Business Leaders
Competitive Landscape
SWOT Analysis
Porter’s Five Force Analysis
Macro-Environmental Analysis
4. Growth Opportunity Analysis
Trends at a Glance
Market Dynamics
Key Industry Stakeholders
Regulatory Landscape
5. Market Size Outlook to 2032
Global Curing Agents Market Size Forecast, USD Million, 2018- 2032
Scenario Analysis
Pricing Analysis and Outlook
6. Historical Curing Agents Market Size by Segments, 2018- 2023
Key Statistics, 2024
Curing Agents Market Size Outlook by Type, USD Million, 2018-2023
Growth Comparison (y-o-y) across Curing Agents Types, 2018-2023
Curing Agents Market Size Outlook by Application, USD Million, 2018-2023
Growth Comparison (y-o-y) across Curing Agents Applications, 2018-2023
7. Curing Agents Market Size Outlook by Segments, 2024- 2032
Curing Agents Market Size Outlook by Type, USD Million, 2024-2032
Growth Comparison (y-o-y) across Curing Agents Types, 2024-2032
Curing Agents Market Size Outlook by Epoxy, USD Million, 2024-2032
Growth Comparison (y-o-y) across Curing Agents Epoxy, 2024-2032
Curing Agents Market Size Outlook by Amine-based, USD Million, 2024-2032
Growth Comparison (y-o-y) across Curing Agents Amine-based, 2024-2032
Curing Agents Market Size Outlook by Application, USD Million, 2024-2032
Growth Comparison (y-o-y) across Curing Agents Applications, 2024-2032
8. Curing Agents Market Size Outlook by Region
North America
Europe
Asia Pacific
South America
Middle East and Africa
9. United States Curing Agents Market Analysis and Outlook, 2021- 2032
Key Statistics
United States Curing Agents Market Size Outlook by Type, 2021- 2032
United States Curing Agents Market Size Outlook by Application, 2021- 2032
United States Curing Agents Market Size Outlook by End-User, 2021- 2032
10. Canada Curing Agents Market Analysis and Outlook, 2021- 2032
Key Statistics
Canada Curing Agents Market Size Outlook by Type, 2021- 2032
Canada Curing Agents Market Size Outlook by Application, 2021- 2032
Canada Curing Agents Market Size Outlook by End-User, 2021- 2032
11. Mexico Curing Agents Market Analysis and Outlook, 2021- 2032
Key Statistics
Mexico Curing Agents Market Size Outlook by Type, 2021- 2032
Mexico Curing Agents Market Size Outlook by Application, 2021- 2032
Mexico Curing Agents Market Size Outlook by End-User, 2021- 2032
12. Germany Curing Agents Market Analysis and Outlook, 2021- 2032
Key Statistics
Germany Curing Agents Market Size Outlook by Type, 2021- 2032
Germany Curing Agents Market Size Outlook by Application, 2021- 2032
Germany Curing Agents Market Size Outlook by End-User, 2021- 2032
13. France Curing Agents Market Analysis and Outlook, 2021- 2032
Key Statistics
France Curing Agents Market Size Outlook by Type, 2021- 2032
France Curing Agents Market Size Outlook by Application, 2021- 2032
France Curing Agents Market Size Outlook by End-User, 2021- 2032
14. United Kingdom Curing Agents Market Analysis and Outlook, 2021- 2032
Key Statistics
United Kingdom Curing Agents Market Size Outlook by Type, 2021- 2032
United Kingdom Curing Agents Market Size Outlook by Application, 2021- 2032
United Kingdom Curing Agents Market Size Outlook by End-User, 2021- 2032
15. Spain Curing Agents Market Analysis and Outlook, 2021- 2032
Key Statistics
Spain Curing Agents Market Size Outlook by Type, 2021- 2032
Spain Curing Agents Market Size Outlook by Application, 2021- 2032
Spain Curing Agents Market Size Outlook by End-User, 2021- 2032
16. Italy Curing Agents Market Analysis and Outlook, 2021- 2032
Key Statistics
Italy Curing Agents Market Size Outlook by Type, 2021- 2032
Italy Curing Agents Market Size Outlook by Application, 2021- 2032
Italy Curing Agents Market Size Outlook by End-User, 2021- 2032
17. Benelux Curing Agents Market Analysis and Outlook, 2021- 2032
Key Statistics
Benelux Curing Agents Market Size Outlook by Type, 2021- 2032
Benelux Curing Agents Market Size Outlook by Application, 2021- 2032
Benelux Curing Agents Market Size Outlook by End-User, 2021- 2032
18. Nordic Curing Agents Market Analysis and Outlook, 2021- 2032
Key Statistics
Nordic Curing Agents Market Size Outlook by Type, 2021- 2032
Nordic Curing Agents Market Size Outlook by Application, 2021- 2032
Nordic Curing Agents Market Size Outlook by End-User, 2021- 2032
19. Rest of Europe Curing Agents Market Analysis and Outlook, 2021- 2032
Key Statistics
Rest of Europe Curing Agents Market Size Outlook by Type, 2021- 2032
Rest of Europe Curing Agents Market Size Outlook by Application, 2021- 2032
Rest of Europe Curing Agents Market Size Outlook by End-User, 2021- 2032
20. China Curing Agents Market Analysis and Outlook, 2021- 2032
Key Statistics
China Curing Agents Market Size Outlook by Type, 2021- 2032
China Curing Agents Market Size Outlook by Application, 2021- 2032
China Curing Agents Market Size Outlook by End-User, 2021- 2032
21. India Curing Agents Market Analysis and Outlook, 2021- 2032
Key Statistics
India Curing Agents Market Size Outlook by Type, 2021- 2032
India Curing Agents Market Size Outlook by Application, 2021- 2032
India Curing Agents Market Size Outlook by End-User, 2021- 2032
22. Japan Curing Agents Market Analysis and Outlook, 2021- 2032
Key Statistics
Japan Curing Agents Market Size Outlook by Type, 2021- 2032
Japan Curing Agents Market Size Outlook by Application, 2021- 2032
Japan Curing Agents Market Size Outlook by End-User, 2021- 2032
23. South Korea Curing Agents Market Analysis and Outlook, 2021- 2032
Key Statistics
South Korea Curing Agents Market Size Outlook by Type, 2021- 2032
South Korea Curing Agents Market Size Outlook by Application, 2021- 2032
South Korea Curing Agents Market Size Outlook by End-User, 2021- 2032
24. Australia Curing Agents Market Analysis and Outlook, 2021- 2032
Key Statistics
Australia Curing Agents Market Size Outlook by Type, 2021- 2032
Australia Curing Agents Market Size Outlook by Application, 2021- 2032
Australia Curing Agents Market Size Outlook by End-User, 2021- 2032
25. South East Asia Curing Agents Market Analysis and Outlook, 2021- 2032
Key Statistics
South East Asia Curing Agents Market Size Outlook by Type, 2021- 2032
South East Asia Curing Agents Market Size Outlook by Application, 2021- 2032
South East Asia Curing Agents Market Size Outlook by End-User, 2021- 2032
26. Rest of Asia Pacific Curing Agents Market Analysis and Outlook, 2021- 2032
Key Statistics
Rest of Asia Pacific Curing Agents Market Size Outlook by Type, 2021- 2032
Rest of Asia Pacific Curing Agents Market Size Outlook by Application, 2021- 2032
Rest of Asia Pacific Curing Agents Market Size Outlook by End-User, 2021- 2032
27. Brazil Curing Agents Market Analysis and Outlook, 2021- 2032
Key Statistics
Brazil Curing Agents Market Size Outlook by Type, 2021- 2032
Brazil Curing Agents Market Size Outlook by Application, 2021- 2032
Brazil Curing Agents Market Size Outlook by End-User, 2021- 2032
28. Argentina Curing Agents Market Analysis and Outlook, 2021- 2032
Key Statistics
Argentina Curing Agents Market Size Outlook by Type, 2021- 2032
Argentina Curing Agents Market Size Outlook by Application, 2021- 2032
Argentina Curing Agents Market Size Outlook by End-User, 2021- 2032
29. Rest of South America Curing Agents Market Analysis and Outlook, 2021- 2032
Key Statistics
Rest of South America Curing Agents Market Size Outlook by Type, 2021- 2032
Rest of South America Curing Agents Market Size Outlook by Application, 2021- 2032
Rest of South America Curing Agents Market Size Outlook by End-User, 2021- 2032
30. United Arab Emirates Curing Agents Market Analysis and Outlook, 2021- 2032
Key Statistics
United Arab Emirates Curing Agents Market Size Outlook by Type, 2021- 2032
United Arab Emirates Curing Agents Market Size Outlook by Application, 2021- 2032
United Arab Emirates Curing Agents Market Size Outlook by End-User, 2021- 2032
31. Saudi Arabia Curing Agents Market Analysis and Outlook, 2021- 2032
Key Statistics
Saudi Arabia Curing Agents Market Size Outlook by Type, 2021- 2032
Saudi Arabia Curing Agents Market Size Outlook by Application, 2021- 2032
Saudi Arabia Curing Agents Market Size Outlook by End-User, 2021- 2032
32. Rest of Middle East Curing Agents Market Analysis and Outlook, 2021- 2032
Key Statistics
Rest of Middle East Curing Agents Market Size Outlook by Type, 2021- 2032
Rest of Middle East Curing Agents Market Size Outlook by Application, 2021- 2032
Rest of Middle East Curing Agents Market Size Outlook by End-User, 2021- 2032
33. South Africa Curing Agents Market Analysis and Outlook, 2021- 2032
Key Statistics
South Africa Curing Agents Market Size Outlook by Type, 2021- 2032
South Africa Curing Agents Market Size Outlook by Application, 2021- 2032
South Africa Curing Agents Market Size Outlook by End-User, 2021- 2032
34. Rest of Africa Curing Agents Market Analysis and Outlook, 2021- 2032
Key Statistics
Rest of Africa Curing Agents Market Size Outlook by Type, 2021- 2032
Rest of Africa Curing Agents Market Size Outlook by Application, 2021- 2032
Rest of Africa Curing Agents Market Size Outlook by End-User, 2021- 2032
35. Key Companies
Market Share Analysis
Company Benchmarking
SWOT Analysis
36. Recent Market Developments
Appendix
Looking Ahead
Research Methodology
Legal Disclaimer
Type
Epoxy
Applications
Countries Analyzed
USD Analytics forecasts the global Curing Agents market size to increase from $7.4 Billion in 2024 to $11.8 Billion in 2032, registering a CAGR of 5.95% during the forecast period
Largest Segment in Amine Based Sub Types is Polyamides, Largest Segment in Applications is Coatings ($3.4 Billion Revenue)
Evonik Industries, Westlake (Hexion), BASF SE, olin Corporation, Huntsman Corporation, Mitsubishi Chemical Corporation, Aditya Birla Chemicals Ltd, Albermarle Corp, Kukdo Chemical Co., Ltd, Atul Lts, Cardolite Corporation
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2032; Currency: Revenue (USD); Volume
Asia Pacific