Market Research Future has published a Half-Cooked Research Report on the Global Curing Agent Market Research Report- Forecast to 2023
The Global Curing Agent Market has been segmented into five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Asia-Pacific accounted for most of the market share in 2017 due to the high demand for curing agent in the coating applications of automotive, building & construction, electrical & electronics, and marine industries. According to Organisation Internationale des Constructeurs d' Automobiles, vehicle production in China stood at 29,015,434 in 2017, which was followed by India with 4,782,896 units in the same year. The rising disposable income and the changing lifestyle trend of the consumers in the region is driving the market growth.
According to Invest India, the construction market in India is expected to become the third largest worldwide and is projected to grow at a CAGR of 5.6% from 2016 to 2020. The rising demand for commercial space due to the growth of service sectors such as Information Technology, Banking, Financial Services, and Insurance, and telecommunications is leading to increased construction, which in turn, is driving the growth of the Curing Agent Market. Furthermore, the increasing demand for electronic products such as smartphones, tablets, laptops, and gaming devices are expected to propel the demand for Curing Agent during the forecast period.
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The European market is expected to showcase significant growth due to the high product demand for automotive parts production in the region, especially in Western countries such as Germany, the UK, France, and Italy.
North America is expected to witness significant growth on account of the increasing demand for curing agent from various industries such as automotive, construction, and electrical & electronics. The rising demand for wireless devices on account of the luxurious lifestyle of the consumers in the region is a primary factor fueling the growth of the market.
The Latin American market is expected to witness substantial growth due to the high demand in the automotive industry in the region.
Growing industrialization and increasing business sector coupled with the presence of infrastructural hub in countries such as UAE and GCC is likely to drive the demand for Curing Agent in the Middle East & African region.
Key Players:
Some of the manufacturers operating in the Global Curing Agent Market are 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), and LEUNA-Harze GmbH (Germany).
Segmentation:
The Global Curing Agent Market has been segmented on the basis of Type, Application, and Region.
Based on Type, the market has been segmented into epoxy, polyurethane, silicone rubber, and others.
By Application, the market has been segmented into coatings, adhesives, composites, wind energy, and others.
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