Epoxy Curing Agents Market - Forecast (2023 - 2028)

Epoxy Curing Agents Market size is forecast to reach $4.3 billion by 2026, after growing at a CAGR of 7% during 2021-2026, owing to the rising demand for epoxy curing agents from various end-use industries for applications such as coatings, adhesives, composite, and more. Epoxy resin has excellent bonding properties, and after curing, it has excellent properties on mechanical strength, chemical resistance, and electrical insulation owing to which it is used in these applications. In addition, the flourishing building & construction and wind energy sector globally are anticipated to be the major driving factor for the epoxy curing agent market growth during the forecast period.

Due to the COVID-19 pandemic, there’s been a supply chain disruption in the global and local enterprises, which are dealing with the manufacturing of epoxy curing agents. Furthermore, the building and construction operations have come to a sudden halt, owing to which the demand for epoxy curing agents have subsequently decreased during the pandemic. For instance, there has been a temporary suspension of building and construction activities in various regions. For instance, the construction output in Great Britain fell by a record 35.0% in Quarter 2 (Apr to June) 2020 compared with Quarter 1 (Jan to Mar) 2020. In addition, due to the coronavirus, the production in these sector is experiencing difficulties like untimely deliveries of epoxy curing agents. All of these factors are limiting the epoxy curing agent market growth during the outbreak.



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