Report Predicts Robust Growth of Epoxy Curing Agents in APAC Region
PUNE, India – Research firm MarketsandMarkets has released a new study on the demand for epoxy curing agents. The report, Epoxy Curing Agents Market by Type (Amines, Anhydrides, & Others), by Application (Coating, Wind Energy, Electronics, Construction, Adhesive, Composite, & Others), by Region, (North America, Europe, Asia-Pacific, & RoW) - Global Forecast to 2020, predicts that market for epoxy curing agents in the Asia-Pacific region will grow at a CAGR of 6.6 percent, in terms of value.
The global epoxy curing agents market is witnessing strong growth with rising demand from the Asia-Pacific region, especially from China and India. This is due to the robust demand for optimum performance, durability, and the cost-effective nature of curing agents. These properties are spurring growth in the use of epoxy curing agents in major application industries, such as coatings, electronics, wind energy, construction, adhesives, and composites.
The Asia-Pacific region is an emerging market for different industry sectors, including automotive, electronics, building and construction, and other manufacturing sectors. The demand for epoxy curing agents is driven by strong growth in coatings, adhesives, composites, potting and encapsulation products. Supporting factors such as increasing government proposals to improve public infrastructure and rising cash-intensive non-residential construction, coupled with the rise in product development, are also helping the market. Furthermore, the increasing rates of industrialization in China, Japan, South Korea, and India, along with growing population and awareness regarding the benefits of high-quality products, are important drivers of this market. In Asia-Pacific, China and Taiwan are the hubs for the manufacturing of electronics goods and are best suited for growth of epoxy curing agents.
For additional information about this report, visit http://www.marketsandmarkets.com/Market-Reports/epoxy-curing-agent-market-91475650.html.