Market Research Global Epoxy Curing Agents Market | Page 2

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solvents, pose as a restraint for market growth. The impact of this restraint is expected to
minimize due to technological advancement in epoxy curing manufacturing processes, helping
the market cope with this challenge.
Asia Pacific accounted for highest revenue share and was valued at US$ 579.39 million in the
global epoxy curing agents market in 2016. The region is expected to sustain its dominance
throughout the forecast period due to increasing government and private investment on
infrastructure development. For instance, in 2015, the Indian Ministry of Road Transport,
Highways and Shipping announced a target of US$ 376.53 billion investment in infrastructure
sector by 2018. Asia Pacific is projected to be the fastest growing region in the global epoxy
curing agents market and is projected to witnessing a CAGR of 6.2% over the forecast period.
According to a study by Coherent Market Insights, the global epoxy curing agents market was
valued at US$ 1,316.9 million in 2016 and is expected to witness a CAGR of 4.9%, in terms of
revenue, over the forecast period (2017 – 2025).
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Asia Pacific held highest revenue share of 44% in the global epoxy curing agents market, in
2016 and the region is projected to maintain its dominance throughout the forecast period.
North America accounted for second largest market in 2016.
Major Players in the Global Epoxy Curing Agents Market
The major players in the epoxy curing agents market include Cardolite Specialty Chemicals
India LLP, Dow Chemicals Company, BASF SE, Hexion, Inc., Huntsman India, and Aditya
Birla Chemicals. Key players are strategically investing in the epoxy curing agents market, to
enhance their product portfolio through collaboration, joint ventures, merger & acquisitions. For
instance, in 2017, BASF and Gustav Grolman GmbH & Co. KG strengthened their
collaboration in Europe for the processing of epoxy resins.
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