Future Market Insights Inc. Forecasts Epoxy Curing Agents Market
Future Market Insights Inc. (FMI) has released a report on the epoxy curing agents market titled Epoxy Curing Agents Market by Curing Agents, Application, End-User & Region - Forecast 2022 – 2032. According to FMI, the global epoxy curing agents market is expected to witness a CAGR of around 5.2% during the forecast period from 2022-2032. The global market is currently valued at around $3.11 billion in 2022, and is anticipated to reach a high of about $5.16 billion by the year 2032. According to FMI's historic analysis, the global epoxy curing agents market grew at a CAGR of 4.9%. According to FMI, the growth of the market is supported by evolving trends, such as the replacement of dicyandiamide curing agents that have a direct impact on the dynamics of the epoxy curing agents industry. In addition to that, epoxy curing agents are highly employed as primers for protective coatings.
FMI reports that the development of curing agents with low VOCs is anticipated to increase the demand for epoxy curing agents in the forthcoming years. Furthermore, the upsurge in the requirement from several end-use industries – such as the paints and coatings industry – is anticipated to bolster growth in the market, along with large demand for epoxy resin-based composites in the aerospace and wind-energy industries. However, it has also been revealed that after studying the market in-depth, certain prevailing elements are likely to curb the growth in the long run.