Curing agents (hardeners) are a sort of compound added substances added to gums to solidify or toughen them. Epoxy curing agents contain epoxide utilitarian gathering. The decision of epoxy curing agents relies upon the base tar just as the necessary level of durability. Each epoxy curing operator has its very own arrangement of attributes that characterizes the level of curing and time. Epoxy curing agents are ordinarily used in metal coatings, cements, composite, and solid coatings, applications. These agents are essentially utilized as introductions for defensive coatings. Epoxy pitches have an inbuilt holding limit. They offer properties, for example, mechanical quality, electrical protection, and compound quality. Epoxy pitches work all the more successfully when joined with curing agents. Thus, legitimate determination of curing agents is as significant as choice of epoxy pitches. The global epoxy curing agents market is relied upon to extend at a noteworthy rate driven by increment popular from the paints and covering industry. The epoxy curing agents market was esteemed at about US$ 3,600 Mn in 2017 and is anticipated to grow at a CAGR of 6.5% during the gauge time frame.
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.
Major players in the epoxy curing agents market have adopted expansions and joint ventures as key strategies to expand their network and share their investments. For instance, in July 2017, Huntsman International LLC. Completed the expansion of its world-scale amines production facility in Jurong Island in Singapore. The company had a production capacity of 25,000 tons per year before the expansion. Currently, its production capacity is 50,000 tons per year. The expansion fits perfectly with Huntsman International’s investment and leadership and has helped expand its product portfolio. Launching new products and facilities is likely to be the long term strategy of epoxy curing agent manufacturers.