Epoxy Curing Agents Market – Snapshot
Curing agents (hardeners) are a kind of chemical additives added to resins to harden or toughen them. Epoxy curing agents contain epoxide functional group. The choice of epoxy curing agents depends on the base resin as well as the required degree of toughness. Each epoxy curing agent has its own set of characteristics that defines the degree of curing and time. Epoxy curing agents are commonly utilized in metal coatings, adhesives, composite, and concrete coatings, applications. These agents are mainly employed as primers for protective coatings.
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Epoxy resins have an inbuilt bonding capacity. They offer properties such as mechanical strength, electrical insulation, and chemical strength. Epoxy resins work more effectively when combined with curing agents. Hence, proper selection of curing agents is as important as selection of epoxy resins. The global epoxy curing agents market is expected to expand at a significant rate driven by increase in demand from the paints & coating industry. The epoxy curing agents market was valued at about US$ 3,600 Mn in 2017 and is projected to expand at a CAGR of 6.5% during the forecast period.
Evolving trends have a direct impact on the dynamics of the epoxy curing agents industry. These trends include replacement of dicyandiamide curing agents with phenol and development of curing agents with low volatile organic compounds. Furthermore, factors such as rise in demand from the paints and coating industry and increasing demand for epoxy resin-based composites in the aerospace and wind energy industries are expected to fuel the global epoxy curing agents market. However, increasing raw material prices have increased the overall product costs, which is hampering the market.
Key players operating in the epoxy curing agents market include Huntsman International LLC, Hexion Inc., Cardolite Corporation, Gabriel Performance Products, Epochemie International Pte Ltd, RPM International Inc, The DOW Chemical Company, BASF SE, Evonik Industries, Shandong Deyuan Epoxy Resin Co., Ltd, Royce, and Kylin Chemicals Co.,Ltd.
Curing agents play a vital role in determining the properties of the final cured product. The properties of amine-based curing agents include chemical and thermal resistance and weatherability. The major applications of amine-based curing agents include coatings, adhesives, composites, and electrical & electronics, among others. Polyamides resin, widely used as a curing agents for epoxy resins, is formed by the condensation reaction between dimer acid and polyamine and contains reactive primary and secondary amines in its molecules.
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As polyamides have high hydrocarbon moiety in their molecules, they cure epoxy resins into highly plasticized rigid thermosetting polymers. The cured resins offer high tensile, compression, and bending strengths and are stiff, strong, and offer superior shock resistance. Amines are classified into aliphatic, alicyclic, and aromatic amines, according to the type of hydrocarbons involved. They all are important curing agents for epoxy resins. Expansion in the construction industry is a major factor fuelling demand for epoxy curing agents. Increase in use of epoxy curing agents in construction applications such as increasing concrete bonding, flooring, and marble laminate is expected to further propel the epoxy curing agents market.
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