DUBLIN — According to a new study released by Research and Markets, the market for curing agents is expected to grow at a compound annual growth rate of over 5% globally for the period from 2020 to 2025. Growing demand for lightweight composites and increasing demand from the paints and coatings industry are driving the market. On the flip side, stringent environmental regulations and unfavorable conditions arising due to the COVID-19 outbreak are hindering market growth.
Among curing agents, epoxy curing agents are used for a variety of applications and are expected to account for the largest market during the forecast period. Curing agents are the substances that promote chemical reaction between oligomers, pre-polymers and polymers to obtain final polymerization and final film. Curing agents like amine, amide, silane and anhydride are used to cure epoxy resin by reacting with epoxide groups or by promoting the self-polymerization of the epoxy group by catalytic action.