市場調查報告書
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1561528
2024-2032 年按產品類型、應用、最終用戶和地區分類的環氧固化劑市場報告Epoxy Curing Agent Market Report by Product Type, Application, End User, and Region 2024-2032 |
2023年全球環氧固化劑市場IMARC Group達43億美元。延長設備使用壽命的需求不斷成長,以及建築業的不斷擴大,主要推動了市場的發展。
環保意識不斷增強
人們越來越需要永續且對環境負責的試劑,以最大限度地減少與傳統環氧系統相關的環境影響,傳統環氧系統通常含有高含量的揮發性有機化合物(VOC) 和其他有害化學物質。例如,2023年12月,Swancor推出了專為覆銅板(CCL)量身定做的EzCiclo低介電環氧固化劑,從而使回收的廢塑膠能夠在印刷電路板(PCB)生產中使用。此外,透過使用再生原料和創新配方,製造商可以提供保持傳統環氧樹脂高性能特性的固化劑,例如耐化學性、優異的機械強度、熱穩定性等,同時顯著降低VOC排放。這是環氧固化劑市場近期的機會之一。例如,2024 年 1 月,Sicomin 確認 SPLEENE Kiteboarding 在其新型 Eco Line RIP 39 衝浪板中選擇了 GreenPoxy 生物樹脂系列。除此之外,2024 年 3 月,日本纖維增強聚合物 (FRP) 成型公司之一 Super Resin Inc. 推出了一種環保環氧樹脂系統,用於碳纖維增強聚合物 (CFRP) 材料,符合永續發展目標。同樣,2024年3月,新科明與戶外運動裝備製造商之一的所羅門公司合作,生產了一款永續滑雪板,該滑雪板採用新科明尖端的生物基GreenPoxy 28環氧樹脂製造,其碳含量約28%來自於植物來源。與此一致的是,這些樹脂提供了傳統石油基樹脂的可行替代品,從而確保為所有技能水平的騎手提供高性能的滑板。
瑞星環氧樹脂系統
通常依賴環氧樹脂和固化劑的環氧體系數量不斷增加,由於其卓越的機械強度、黏合性能、耐化學性、耐久性等,正在增強整個市場。 AZoM 於2023 年10 月發表的文章重點介紹了適用於高溫應用的液體環氧體系的各種配方,例如澆注料、粘合劑、複合材料等。集團於2023 年10 月發布了,推出了 LTB300 生物環氧樹脂工具系統,可在較短的周期內提供出色的結果。除此之外,環氧系統廣泛用於塗料、黏合劑、密封劑等,為結構提供增強的保護和壽命,這提高了環氧固化劑市場近期的價格。例如,2024年1月《塗料技術與研究雜誌》上的一篇文章報道,將二氧化鈦、氧化鋅、碳奈米管等化合物整合到環氧樹脂塗料中可顯著提高耐腐蝕性。此外,汽車產業也受益於這些輕質和高強度零件製造的系統,有助於提高燃油效率和性能。例如,2024年2月,亨斯邁開發了新型聚氨酯和環氧基複合材料,其具有一系列技術,可支援汽車製造商減少對環境的影響、最佳化生產流程、最大限度地提高車輛零件的性能和使用壽命等。例如,2024 年 4 月,Master Bond 推出了雙組分環氧樹脂系統,其中註入了奈米二氧化矽,用於灌封、塗層和密封應用。
高強度材料的需求
行業參與者越來越傾向於採用具有強大性能的輕質材料,這刺激了市場。此外,環氧樹脂固化劑用於製造輕質汽車零件,包括碳纖維增強複合材料,從而減輕車輛重量並提高燃油效率。這反過來又對環氧固化劑市場前景產生正面影響。例如,2024 年4 月,TCR Composites Inc. 透過開發TR1116 公佈了其在複合材料製造方面的最新突破,TR1116 是一種快速固化且室溫穩定的環氧預浸料樹脂系統,專為壓力固化應用而設計。此外,它通常以預浸料形式提供,包括玻璃纖維和編織碳,從而滿足體育用品和汽車等行業的不同應用需求。除此之外,在基材中添加碳纖維可以提高 PVDF 聚合物的質量,這是一個重要的生長誘導因素。例如,2024 年 5 月,碳纖維增強聚合物生產商之一的 Xenia Materials 推出了用於 3D 列印顆粒進料應用的新型 PVDF 化合物系列。
The global epoxy curing agent market size reached US$ 4.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 6.3 Billion by 2032, exhibiting a growth rate (CAGR) of 4.2% during 2024-2032. The rising need for extending the lifespan of equipment, along with the expanding construction industry, is primarily propelling the market.
Growing Environmental Consciousness
There is an increasing need for sustainable and environmentally responsible agents to minimize the environmental impact associated with traditional epoxy systems, which usually contain high levels of volatile organic compounds (VOCs) and other harmful chemicals. For instance, in December 2023, Swancor introduced an EzCiclo low-dielectric epoxy hardener that is tailored for copper-clad laminates (CCL), thereby enabling the use of recycled waste plastics in printed circuit board (PCB) production. Moreover, by using renewable raw materials and innovative formulations, manufacturers can offer curing agents that maintain the high-performance characteristics of conventional epoxies, such as chemical resistance, excellent mechanical strength, thermal stability, etc., while significantly lowering VOC emissions. This is one of the epoxy curing agent market's recent opportunities. For example, in January 2024, Sicomin confirmed that SPLEENE Kiteboarding chose its GreenPoxy bio-resin range in its new Eco Line RIP 39 boards. Besides this, in March 2024, one of the fiber-reinforced polymer (FRP) molding companies based in Japan, Super Resin Inc., launched an environmentally friendly epoxy resin system for usage in carbon fiber-reinforced polymer (CFRP) materials that aligns with sustainable development goals. Similarly, in March 2024, Sicomin collaborated with Salomon, one of the outdoor sports equipment manufacturers, to produce a sustainable snowboard that is manufactured by adopting Sicomin's cutting-edge bio-based GreenPoxy 28 epoxy resin with approximately 28% of its carbon content derived from plant sources. In line with this, these resins provide a viable alternative to traditional petroleum-based resins, thereby ensuring high-performance boards for riders of all skill levels.
Rising Epoxy Systems
The rising number of epoxy systems that usually rely on epoxy resins and curing agents, on account of their exceptional mechanical strength, adhesive properties, chemical resistance, durability, etc., is strengthening the overall market. The article published by AZoM in October 2023 highlighted various formulations for liquid epoxy systems suitable for elevated-temperature applications, such as casting compounds, adhesives, composites, etc. Additionally, in October 2023, SHD Group, one of the providers of advanced prepreg materials, launched the LTB300 bio-epoxy tooling system that delivers excellent results on short cycle times. Besides this, epoxy systems are extensively used in coatings, adhesives, sealants, etc., offering enhanced protection and longevity to structures, which is elevating the epoxy curing agent market's recent price. For instance, an article in the Journal of Coatings Technology and Research in January 2024 reported the integration of chemical compounds, such as titanium dioxide, zinc oxide, carbon nanotubes, etc., into epoxy resin coatings significantly improves corrosion resistance. Moreover, the automotive industry also benefits from these systems in the manufacturing of lightweight and high-strength components, which contribute to enhanced fuel efficiency and performance. For example, in February 2024, Huntsman developed novel polyurethane- and epoxy-based composites, which feature a range of technologies that can support automotive manufacturers in reducing environmental impact, optimizing production processes, maximizing the performance and lifetime of vehicle components, etc. Apart from this, continuous innovations in advanced epoxy systems tailored to specific applications will continue to drive the market in the coming years. For instance, in April 2024, Master Bond introduced a two-component epoxy system that is infused with nanosilica for potting, coating, and sealing applications.
Demand for High-Strength Materials
The rising inclination among industry players towards lightweight materials that exhibit robust properties is stimulating the market. Moreover, epoxy curing agents are utilized to manufacture lightweight automotive components, including carbon fiber-reinforced composites, thereby reducing vehicle weight and improving fuel efficiency. This, in turn, is positively impacting the epoxy curing agent market outlook. For instance, in April 2024, TCR Composites Inc. unveiled its latest breakthrough in composites manufacturing with the development of TR1116, a snap-cure and room-temperature stable epoxy prepreg resin system engineered for press-cure applications. Additionally, it is commonly available in prepreg formats, including glass fiber and woven carbon, thereby catering to diverse application needs in industries, such as sporting goods and automotive. Apart from this, adding carbon fiber to the base material improves the qualities of the PVDF polymers, which is acting as a significant growth-inducing factor. For example, in May 2024, Xenia Materials, one of the producers of carbon fiber reinforced polymers, launched its new range of PVDF-based compounds for 3D printing pellet-fed applications.
IMARC Group provides an analysis of the key trends in each segment of the market, along with the epoxy curing agent market forecast at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on the product type, application, and end user.
Among these, amines currently exhibit a clear dominance in the market
The report has provided a detailed breakup and analysis of the market based on the product type. This includes amines, polyamides, anhydrides, and others. According to the report, amines represented the largest market segmentation.
Amines are a crucial class of epoxy curing agents known for their ability to provide excellent mechanical properties, chemical resistance, and thermal stability to cure epoxy systems. These agents work by reacting with the epoxy resin to form a hard, cross-linked polymer network. Aliphatic amines, aromatic amines, and cycloaliphatic amines are the primary types used, each offering distinct properties tailored to specific applications. The versatility of amines as curing agents allows for their widespread use across various industries, including construction, aerospace, automotive, and electronics, where they contribute to the durability and reliability of epoxy-based materials. For instance, in December 2023, BASF completed its capacity expansion for key specialty amines manufactured at its U.S. site in Geismar, Louisiana. As per the epoxy curing agent market overview, this versatility and performance will continue to fuel the segment's growth in the coming years. For example, Balaji Specialty Chemicals Limited, a subsidiary of Balaji Amines Limited (BAL), offers unique chemicals, like ethylenediamine, using a method called the mono ethanol amine (MEA) process.
Currently, paints and coatings hold the largest epoxy curing agent market share
The report has provided a detailed breakup and analysis of the market based on the application. This includes composites, paints and coatings, adhesives and sealants, electrical and electronics, and others. According to the report, paints and coatings represented the largest market segmentation.
Epoxy-based paints and coatings are renowned for their exceptional adhesion, chemical resistance, and durability, making them indispensable for protecting surfaces in construction, automotive, marine, and industrial settings. They are used to safeguard concrete floors, steel structures, and other surfaces from corrosion, abrasion, and environmental degradation. For instance, in May 2024, Safic-Alcan collaborated with BB Resins, one of the manufacturers of epoxy curing agents, to expand its range of specialty epoxy-based finished systems tailored for industrial coatings, building, and flooring sectors. The automotive sector relies on these coatings for providing robust protection to vehicle parts, extending their lifespan, and maintaining their aesthetic appeal, which elevates the epoxy curing agent market revenue. Similarly, the marine industry uses epoxy coatings to protect vessels from harsh marine environments, preventing rust and structural damage. For example, in February 2024, Evonik added Ancamine 2844, a novel epoxy curing agent, for marine and protective coating applications. The industrial sector benefits from epoxy coatings' ability to withstand harsh chemicals and extreme temperatures, ensuring machinery and equipment longevity. In June 2024, the Fraunhofer IMWS and the TUBITAK Marmara Research Center collaborated to discover the development of a bio-based epoxy system made from orange peels for industrial coatings.
The report has provided a detailed breakup and analysis of the market based on the end user. This includes building and construction, transportation, wind power, aerospace, marine, and others.
Epoxy curing agents are essential in various industries, including building and construction, transportation, wind power, aerospace, and marine, due to their ability to enhance the performance and durability of epoxy resins. In the building and construction industry, they are used in coatings, adhesives, and sealants to provide robust protection against corrosion, moisture, and wear, ensuring the longevity of structures. In transportation, particularly in automotive and aerospace, epoxy curing agents facilitate the production of lightweight, high-strength components that improve fuel efficiency and performance. The wind power industry leverages these agents in the fabrication of durable and resilient wind turbine blades that can withstand harsh environmental conditions. In the aerospace sector, epoxy curing agents are critical for producing advanced composites used in aircraft, offering exceptional strength-to-weight ratios and resistance to extreme temperatures. The marine industry relies on these agents for protective coatings that prevent corrosion and biofouling on vessels. Additionally, epoxy curing agents find applications in electronics, where they provide excellent insulation and protection for components, and in industrial manufacturing, where they are used in tooling and mold-making processes. As per the epoxy curing agent market statistics, these diverse applications highlight the versatility and indispensable role of agents across various high-performance industries.
Asia Pacific currently dominates the market
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.
The increasing number of advanced manufacturing facilities is propelling the market in Asia Pacific. For instance, in March 2024, Grasim Industries Limited, the flagship company of Aditya Birla Group, inaugurated the expansion project of approximately 123,000 tons of epoxy resins and formulation capacity in Gujarat, India, thereby boosting the overall capacity of these novel materials to roughly 246,000 tons per annum. Moreover, the rising adoption of lightweight materials, such as carbon fiber-reinforced composites, is also increasing the epoxy curing agent market demand. For example, in March 2024, MAE S.p.A and Jindal Advanced Materials agreed to begin a carbon fiber plant in India. Besides this, favorable government policies and investments in industrial development across the Asia Pacific will continue to stimulate the market in the coming years.
Key players in the market are focusing on developing innovative products to meet evolving customer needs. This includes the development of eco-friendly curing agents with lower VOC content and improved performance characteristics. Many companies are forming strategic partnerships and collaborations to expand their market reach and enhance their product portfolios. These collaborations combine the expertise of different companies in epoxy resin and curing agent technologies. In addition, key players are working on developing greener products and adopting sustainable manufacturing processes. They are also offering customized epoxy curing agent solutions to cater to specific customer requirements across various industries.
(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)