Lucintel identifies and prioritizes opportunities for growth in the epoxy curing agent in the global composites industry by end use application, product type and region

According to a new market report published by Lucintel, the future of the epoxy curing agent in the global composites industry looks good, with opportunities in the aerospace, pipe and tank, and wind energy applications. Epoxy curing agents are chemically active compounds those help in resin formulation and promote cross linking reaction to form a rigid thermoset structure. The epoxy curing agent in the global composites industry is forecast to grow at a CAGR of 5.5% by value from 2015 to 2020. The major drivers of growth for this market are growth of end-use industries and increasing use of high-performance epoxy-based composite materials. 

In this market, aliphatic, cycloaliphatic, aromatic, dicyandiamide, and anhydride are the major products used as curing agents in the global composites industry. Aliphatic is the largest product segment and is expected to remain the same during the forecast period. Lucintel predicts that the demand for aromatic is expected to experience the highest growth rate in the forecast period supported by growing demand for high performance composites in aerospace applications. 

Asia Pacific is expected to remain the largest market due to growth of composites industry. North America is expected to show above average growth during the forecast period due to increasing demand for high-performance epoxy-based composites in the aerospace, wind energy, and other end use industries.

For market expansion, the report suggests innovation and new product development, where the unique characteristics of epoxy curing agent can be capitalized. Some of the innovation areas in epoxy curing agent could be in the lowering of curing time, increasing pot life, and lowering the heat of exothermic reaction.  

Emerging trends, which have a direct impact on the dynamics of the industry, include development of epoxy curing agents which are less hazardous to human health and have faster cure, and improved performance characteristics. Air Products, BASF SE, Huntsman, Momentive, and Dow Chemicals are among the major players of epoxy curing agent in the global composites industry.

Lucintel, a leading global strategic consulting and market research firm, has analyzed the epoxy curing agent market in the global composites industry by end use application, product type and region, and has come up with a comprehensive research report, “Growth Opportunities in Epoxy Curing Agent in the Global Composites Industry 2015-2020: Trend, Forecast, and Opportunity Analysis” The Lucintel report serves as a springboard for growth strategy, as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for epoxy curing agent in the global composites industry through 2020, segmented by end use application, product type and region as follows:

By end use application type [Value ($M) and Volume (M lbs) shipment analysis for 2009 – 2020]: 

·         Wind Energy

·         Pipe and Tank

·         Aerospace

·         Others

By product type [Value ($M) and Volume (M lbs) shipment analysis for 2009 – 2020]: 

·         Aliphatic Amines

·         Cycloaliphatic Amines

·         Aromatic Amines

·         Dicyandiamide

·         Anhydride

·         Catalyst

·         Others

By region [Value ($M) and Volume (M lbs) shipment analysis for 2009 – 2020]: 

·         North America

·         Europe

·         Asia Pacific

·         Rest of the World 

This 115-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/growth_opportunities_in_epoxy_curing_agents_in_the_global_composites_industry_2015_2020_trends_forecast_and_opportunity_analysis_trends_forecast_and_opportunity_analysis_february_2016.aspx  or   helpdesk@lucintel.com. Lucintel offerings include advanced materials reports, composite materials market report, business strategy consulting, market research due diligence and marketing research reports online.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers following 11 key questions:

Q. 1. What are some of the most promising, high-growth opportunities for epoxy curing agent in global composites industry by product type and region?

Q. 2.Which product segments will grow at a faster pace and why?

Q. 3.Which region will grow at a faster pace and why?

Q.4.What are the key factors affecting market dynamics? What are the drivers and challenges in the market?

Q.5.What are the business risks and competitive threats in this market?

Q.6.What are emerging trends in this market and reasons behind them?

Q.7.What are some changing requirements and demands of customers in the market?

Q.8.What are the new developments in the market and which companies are leading these developments?

Q.9.Who are the major players in this market? What strategic initiatives are being taken by key companies for business growth?

Q.10. What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via materials / product substitution?

Q. 11. What M & A activities have transpired in the last 5 years in this market and describe their impact on the industry?