EPOXY HARDENER MARKET

KEY FINDING

• The global epoxy hardener market is expected to witness significant growth, driven by increasing demand from various end-use industries, such as construction, automotive, aerospace, and wind energy
• The construction industry is the largest consumer of epoxy hardeners, owing to their widespread use in flooring, coatings, and structural adhesives for buildings and infrastructure projects.
•  The Asia-Pacific region dominates the global epoxy hardener market, primarily due to the rapid industrialization and infrastructure development in countries like China, India, and Japan.
• Manufacturers are continuously innovating and developing new epoxy hardener products to meet the evolving requirements of different applications, such as low-volatile organic compounds (VOC) and eco-friendly hardeners.
• The increasing adoption of wind energy worldwide has created a significant demand for epoxy hardeners used in the manufacturing of wind turbine blades and other components.
• The automotive industry's need for lightweight and high-strength materials has driven the demand for epoxy hardeners used in the production of composite materials, adhesives, and coatings.
•  Stringent environmental regulations regarding VOC emissions and sustainability have prompted the development of eco-friendly and low-VOC epoxy hardeners, shaping market trends.
• The introduction of advanced curing technologies, such as ultraviolet (UV) and electron beam (EB) curing, has led to the development of specialised epoxy hardeners compatible with these processes.
• Epoxy Resin's overall market sentiments in Asia and Europe appeared to have remained consistent over the past years, making the market for Epoxy hardeners grow at a constant pace.
• The global epoxy hardener market is highly competitive, with major players like Olin Corporation, Hexion Inc., Huntsman Corporation, Evonik Industries AG, and BASF SE dominating the market share.

EPOXY HARDENER MARKET OVERVIEW

The global epoxy hardener market size was estimated to grow at a constant pace during the forecast period (2024-2030). The market is driven by the increasing demand for epoxy hardeners from various end-use industries, such as construction, automotive, aerospace, and wind energy.

On their own, epoxy resins are very stable fluids with relatively long shelf lives. It is only when mixed with an epoxy hardener that they can undergo the chemical reaction needed to cure properly. If applied onto a floor without the hardener, the resin would remain a near liquid indefinitely and could not transform into a durable flooring system.

Unlike paints, which rely on the evaporation of moisture content to eventually harden into a thin film, an epoxy floor coating achieves its high performance, protective characteristics by undergoing a controlled chemical reaction that occurs between carefully calibrated resin and hardener components.

EPOXY HARDENER MARKET INTRODUCTION

Epoxy hardeners, also known as curing agents or catalysts, are chemical compounds that facilitate the cross-linking of epoxy resins. When mixed with liquid epoxy resins, these hardeners initiate the curing process, resulting in a strong, cross-linked network that transforms the resin into a solid, durable material.

Several types of epoxy hardeners are available, each offering unique properties and curing characteristics. The choice of epoxy hardener depends on the specific application and the desired properties of the cured epoxy. Some common types of epoxy hardeners include:

• Amine-Based Hardeners: Amine-based hardeners are among the most widely used types. They provide rapid curing and excellent adhesion properties. However, they can be sensitive to moisture.
• Anhydride Hardeners: Anhydride hardeners offer high-temperature resistance and low shrinkage during curing. They are often used in applications where thermal stability is critical.
• Polyamide Hardeners: Polyamide hardeners provide good chemical resistance and flexibility. They are commonly used in coatings, adhesives, and encapsulation applications.
• Phenalkamine Hardeners: Phenalkamine hardeners are known for their exceptional chemical resistance, fast curing, and tolerance to humid conditions. They are well-suited for harsh environments and marine applications.
• Modified Amine Hardeners: Modified amine hardeners offer a balance of rapid curing and reduced sensitivity to moisture. They are commonly used in flooring and industrial applications.

TRENDS INEPOXY HARDENER MARKET

• Curing and Strength Development: Epoxy hardeners transform liquid epoxy resins into robust, solid structures. Curing is essential for achieving the desired mechanical properties, such as strength, toughness, and adhesion.
• Controlled Curing Time: Different epoxy hardeners have varying curing times, allowing manufacturers to choose the most suitable hardener for their specific application. This enables better control over the production process and ensures optimal results.
• Tailoring Properties: The choice of epoxy hardener can significantly influence the properties of the cured epoxy. By selecting the appropriate hardener, manufacturers can tailor the epoxy to meet the specific requirements of their application, such as flexibility, chemical resistance, or thermal stability.
• Enhanced Performance: The proper selection of epoxy hardeners can result in epoxy resin systems with improved performance characteristics, making them suitable for a wide range of applications, from aerospace to electronics and construction.
• Durability and Longevity: The curing process facilitated by epoxy hardeners ensures that epoxy resin structures are durable, long-lasting, and capable of withstanding various environmental and mechanical stresses.

EPOXY HARDENER MARKET SIZE AND FORECASTING

The Global epoxy hardener market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

EPOXY HARDENER MARKET NEW PRODUCT DEVELOPMENT

Evonik has recently launched a new fast-curing and UV-resistant epoxy curing agent, Ancamine 2880, that offers excellent mechanical properties, abrasion resistance, and color stability throughout its service life. With its low color and high gloss, Ancamine 2880 is perfect for flooring applications that require excellent surface appearance. In addition, Evonik’s new globally available low-viscosity curing agent offers ambient and low-temperature curing for easy application, and its rapid hardness development enables early walk-on floors.

Bitrez Ltd has launched the Ketamine epoxy curing agents to combat the withdrawal of conventional grades prohibited in Europe under REACH regulations. The ketamines are characterized by low viscosity and long pot-life allowing formulation of epoxy systems that offer good working time and relatively fast thin film cure rate. Resin manufacturers were recently forced to withdraw conventional Ketamines from their product range because of REACh (Registration, Evaluation, Authorisation, and Restriction of Chemicals) compliance. The new series of Ketamines added to the Curamine range have been designed to be compliant allowing continuity of supply in Europe.

DIC corporation launched EPICLON HPC-8000-65T, A special epoxy curing agent for high-frequency PCBs. Features a low dielectric constant and a low moisture absorption rate. With Active Equivalent Weight of 222 - 224, Viscosity - 3000 – 4000 mPa·s 25°C. Major applications are Laminate materials and interlayer insulating materials.

EPOXY HARDENER MARKET SEGMENTATION

By Geography

• US
• Europe
• China
• Asia Ex China
• ROW

By Product type

• Amine-based hardeners
• Anhydride hardeners
• Polyamide hardeners
• Other 

By Industry

• Construction
• Automotive
• Energy
• Aerospace
• Others

By Application

• Flooring and coatings
• Structural Adhesives

EPOXY HARDENER MARKET COMPANY PROFILE

• Olin Corporation 
• Evonik
• DIC Corporation
• BASF
• Huntsman Corporation

EPOXY HARDENER MARKET REPORT WILL ANSWER THE FOLLOWING QUESTION

1. How muchepoxy hardeneris produced per annum globally? Who are the major suppliers in different regions?
2. Average B2B price forepoxy hardener, by each segment
3. Where is theepoxy hardenerproduced? What is the average margin per unit?
4. Market share of Globalepoxy hardenermarket Producer and their upcoming products
5. Key Driver and Technological advancement in theepoxy hardener market
6. key predictions for next 5 years in Globalepoxy hardenermarket
7. Latest trends inepoxy hardenermarket, by every market segment
8. The market size (both volume and value) of theepoxy hardenermarket in 2024-2030 and every year in between?
9. Competitive landscape of the industry
10. Growth strategy of major players in the globalepoxy hardener market
11. Unmet needs and opportunities in the market.