The US$ 2.45 Bn international epoxy curing agents market is predicted to surpass US$ 4 Bn through the give up of 2028, in line with the latest research report posted via future market insights. In terms of cost, the market is apprehended to show off a progressive CAGR of 5% over the evaluation period, 2022-2028. A successful emergence of bio-primarily based and water-based epoxy curing agents are anticipated to drive the market throughout the following 10 years.
“Increasing consumption of epoxy resins by way of electric laminate producers and widespread call for printed circuit boards (PCBs), which are broadly used in digital merchandise production, will together push the market for epoxy curing dealers over the subsequent decade. The market will even gain a vast thrust by gas-efficiency regulations set for the usage of lightweight materials by automakers and aerospace aspect manufacturers,” discovers a team of studies analysts at Future Market Insights.
China to remain at the center stage in terms of revenue technology
according to the insights provided thru nearby evaluation, the worldwide market for epoxy curing agents has been led using china through the years. The Chinese market presently accounts for a major chunk of world revenues, I. E. Nearly 45%. This growth is predominantly attributed to the hefty intake of epoxy marketers with the aid of the paints, coatings, and ink industry.
Key Companies Profiled
- Huntsman Corporation
- Olin Corporation
- Hexion Inc.
- Evonik Industries AG
- BASF SE
- Cargill Incorporated
- Mitsubishi Chemical Corporation
- DIC Corporation
- Showa Denko KK
- Aditya Birla Corporation
- Toray Fine Chemicals Co. Ltd.
- Gabriel Performance Products.
- Others
Emerging economies to rise swiftly notwithstanding low-quantity market sizes
While north the United States is presumed to observe a slow increase in the course of the forecast length, it’s been said that developing nations in emerging economies along with Latin America, South East Asia Pacific (SEAP), and middle east and Africa (MEA) will come upon with attractive possibilities in upcoming years.
The developing regions are foreseen to be the ‘excessive-increase, low-extent’ markets for epoxy curing sellers. SEAP is anticipated to thrive at a promising cagr of around 5.2% over 2018-2028, led via India, Thailand, and South Korea. ASEAN nations are projected to open a couple of doors of opportunities for electricity technology and production industries.
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