Opportunities for epoxy curing agents in the global composites industry is expected to grow at a CAGR of 4.6% by 2024

According to a new market report published by Lucintel, the future of epoxy curing agents in the global composites industry looks promising with opportunities in the aerospace, pipe and tank, wind energy automotive, and marine industries. The epoxy curing agents in global composites industry is forecast to grow at a CAGR of 4.6% from 2019 to 2024. The major growth drivers for this market are increasing use of high-performance epoxy based composite materials and the growth of end use industries.

In this market, aliphatic amine, aromatic amine, cycloaliphatic amine, dicyandiamide, and anhydride used as curing agent in various composites end use industries. Lucintel forecasts that the aliphatic amine will remain the largest segment by value and volume. Aromatic amine is expected to witness the highest growth in the forecast period supported by growing demand for high performance composites in aerospace applications.

Within this market, wind energy will remain the largest end use industry supported by increasing use of composites materials in wind blade manufacturing. Aerospace is expected to witness highest growth over the forecast period due to the increasing production of advanced aircraft models with high composite content.

APAC will remain the largest region by value and volume due to increasing demand for composites in pipe and tank and wind energy industries.

An emerging trend which has a direct impact on the dynamics of the industry includes development of epoxy curing agents which are less hazardous to human health, have faster cure, and improved performance characteristics. Evonik, BASF, Huntsman, Hexion, and DowDupont are the major suppliers of epoxy curing agents in the global composites industry.

Lucintel, a leading global strategic consulting and market research firm, has analyzed the epoxy curing agents in the global composites industry by end use, product type, and region, and has come up with a comprehensive research report entitled “Growth  Opportunities in Epoxy Curing Agents in the Global Composites Industry 2019-2024: Trends, Forecast, and Opportunity Analysis”. The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the epoxy curing agents in the global composites industry by end use, product type, and region as follows:

By End Use Industry [Volume (M lbs) and Value ($ Million) from 2013 to 2024]:

·       Wind Energy

·       Pipe and Tank

·       Aerospace

·       Others

By Product Type [Volume (M lbs) and Value ($ Million) from 2013 to 2024]:

·       Aromatic Amines

·       Aliphatic Amines

·       Cycloaliphatic Amines

·       Catalyst

·       Dicyandiamide

·       Anhydride

·       Others

By Region [Volume (M lbs) and Value ($ Million) from 2013 to 2024]:

·       North America

·       Europe

·       APAC

·       ROW

This 210-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   helpdesk@lucintel.com. Lucintel offerings include advanced materials reports, composite materials market report, strategic growth consulting, market research due diligence and business strategy consulting.

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.  How big the opportunities for epoxy curing agents in the global industry by end use (wind energy, pipe and tank, aerospace and others), product type (aromatic amine, aliphatic amine, cycloaliphatic amine, catalyst, dicyandiamide, anhydride, and others) and region (North America, Europe, APAC and Rest of the World)?

Q. 2. Which 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 of the market?

Q.5. What are the business risks and threats to the market?

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

Q.7 What are some changing 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 material or product substitution?

Q. 11. What M&A activity has occurred in the last five years and what has its impact been on the industry?