Epoxy Hardener Market
Epoxy Hardener Market By Product Type (Polyamide, Amino Amine, Aliphatic Amine), By Type (Special, Slow, Medium), By Form (Liquid, Solid), By Application, By End Use Industry & By Region - Global Market Insights 2023-2033
Analysis of Epoxy Hardener Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Epoxy Hardener Market Outlook (2023-2033)
Based on the analysis by Fact.MR, the global epoxy hardener market is estimated to be valued at US$ 3.8 billion in 2023 and it is expected to grow at a CAGR of 5.0% to reach US$ 6.1 billion by the end of 2033.
Epoxy hardeners are mixed with epoxy resin to increase the resilience of the solution once it is set. A hardener can be either a catalyst or reactant in a chemical reaction that occurs during the mixing of hardener with epoxy resin.
Epoxy Hardener Market Size (2022A)
US$ 3.6 Billion
Estimated Market Value (2023E)
US$ 3.8 Billion
Forecasted Market Value (2033F)
US$ 6.1 Billion
Global Market Growth Rate (2023-2033)
East Asia Market Share (2023)
China Market Growth Rate (2023-2033)
Key Companies Profiled
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Historic and Future Pathway Analysis for the Epoxy Hardener Market
Hardeners are gaining traction and have various applications, further, with the numerous benefits of hardeners, mixing the hardener with epoxy resin provides a mixture with impressive mechanical and chemical properties. Epoxy hardeners are also used in curing epoxy resin. However, merely adding a hardener to an epoxy resin does not induce the epoxy mixture to cure quickly.
In such cases, a distinct hardener may be needed. Also, hardeners with special additives are used. Such hardener additives function as catalysts that speed up the curing process. Determining a suitable hardener and resin-to-hardener mixing ratio is the most important process as the properties of the hardener must meet the requirements of the application.
- Short Term (2023-2026): Mounting construction industry across the globe is anticipated to drive the epoxy hardener market during the projection period.
- Medium Term (2026-2029): China, Brazil, and India are prominent emerging economies with thriving automotive industries which creates a high demand for the epoxy hardener market.
- Long Term (2029-2033): Market players are adopting numerous ground-breaking strategies to remain competitive in the market. Further, product innovation to spur the growth outlook for the epoxy hardener market.
On the back of the aforementioned facts, the epoxy hardener market is anticipated to grow at a CAGR of 5.0% during the forecast period from 2023-2033, According to the Fact.MR, a market research and competitive intelligence provider.
Market Dynamics Outlook
“Mounting Demand for 3D Flooring in Construction Industry”
Epoxy 3D floors are gaining traction, as they are widely used in shopping centers, lobbies, workplaces, homes, and lofts because of their nobility. This is the contemporary trend in the extravagant floor world. The most noteworthy bit of leeway of the epoxy 3D floor is the dazzling special visualization.
Epoxy 3D floor doesn't gather tidily and doesn't make a great domain for an assortment of pathogens/microbes. Epoxy floor materials have no smell or exhaust and are all good for human well-being, which is obligatory and affirmed by the producer testaments.
Epoxy/polymers don't consume, it is one reason that the covering is used in assembling, stockrooms, emergency clinics, kid care focuses, and different spots where expanded control of fire security is required. With all these previously mentioned favorable circumstances 3D flooring is picking up footing in present-day society, particularly in level 1 urban communities.
“Alternative Solution with Respect to Specified Application”
Polyester saps are styrene-based items utilized in a wide range of composite development. Ordinarily alluded to as fiberglass tar or vessel tar. An efficient option in contrast to utilizing epoxy saps. New Vinyl Ester saps are getting increasingly mainstream as an option in contrast to epoxies also.
Polyurea Polyaspartic is a modern material that is fast setting and more tough than epoxy. It may be used with paint chips for a progressively better impact and can be applied on both indoor and open-air surfaces.
When contrasted with other floor covering, polyurea polyaspartic must be introduced with brisk accuracy since it sets rapidly. There are more plan choices, for instance, metallic epoxy or marble-like floor structures. Likewise, polyurea polyaspartic material costs significantly more than floor epoxy.
Furthermore, concrete paint is anything but difficult to apply, covers most imperfections and stains, and arrives in an assortment of hues to coordinate the inside plan of a home. When contrasted with epoxy floor coatings, paint is a second-rate covering as it could without much of a stretch strip when presented to dampness or when scratched. Additionally, paint tends to blur off, uncovering the old cement underneath.
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What are the Factors Driving Epoxy Hardener Demand Across China?
The thriving construction sector across China is anticipated to drive the epoxy hardener market.
As, the epoxy hardener is employed in the production of plastics, flooring, paints, adhesives, coatings, primers & sealers, and other products & materials that are used in building and construction applications. Hence, the demand for epoxy hardener is estimated to increase with the mushrooming construction sector across China.
Why Brazil’s Epoxy Hardener Market is Flourishing?
Brazil, one of the prominent emerging economies across the globe, is also home to one of the significant automotive markets at the global level. Based on new registrations, the South American country, Brazil which has a population of over 212 million, is the sixth-largest car market worldwide.
Brazil is notable not only for its high automobile demand, but it is also one of the top ten global producers of passenger cars. The flourishing automotive sector in Brazil creates immense growth opportunities for the epoxy hardener market, as epoxy hardener is designed for sheet molding compounds (SMCs) in electric vehicles and other automotive vehicles. It is also used as an adhesive in vehicles.
Why Adhesive Application is Witnessing High Demand in the Market?
Epoxy hardener as epoxy glue is made of a hardener and resin or epoxy polymer. It is a thermosetting adhesive used to adhere or join a variety of surfaces with a strong, durable bond that can withstand severe pressure and weather conditions.
The most common industrial adhesives and the most flexible structural adhesives are epoxy adhesives. Epoxy adhesives are very common due to their incredible stickiness to a variety of materials and the tenacity of the cured product. It is very easy to customize epoxy resin glue solutions to meet the unique property requirements of each project.
Why Demand for Epoxy Hardener is Growing in Furniture Industry?
Furniture made of wood and epoxy tar looks irregular and striking. The wooden furniture parts appear as bugs caught in golden and make contemporary furniture, from stools to tables, look exceptionally amazing, unique, and fascinating.
The staggering Jade arrangement shows hued furniture that reveals new chances of working with antiquated materials and customary structures. Wood pieces, similar to oak tree logs are submerged in the fluid polymer with shading colors.
The subsequent remarkable furniture mixes the straightforwardness of crude materials with an inventive and refined look. Epoxy gum and wood furniture configuration make astonishing things with enchanting getting light sparkle. The stools are square-sliced to take after sections of common stone.
The remarkable furniture is made with crude material, which solidifies rapidly and gives an awesome opportunity to be genuinely imaginative and innovative. Expanding discretionary cash flow and developing the home beautification industry particularly concerning furniture items, has brought about expanding interest in epoxy glue items.
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Eminent Player’s Key Stratagems
Eminent epoxy hardener manufacturers are Aditya Birla Chemicals Ltd., Air Products & Chemicals Inc., BASF SE, and Cardolite Corporation.
With the increasing application of epoxy adhesives, key players are focusing on modifying product specifications by changing their chemical compositions. On the verge of gaining more market share by attracting customers with better product stipulations, companies are investing extensive amounts in capacity expansion and research and development activities.
Fact.MR has provided detailed information about the price points of key manufacturers of epoxy hardener positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Epoxy Hardener Industry Research
By Product Type :
- Amino Amine
- Aliphatic Amine
- Cycloaliphatic Amine
- Aromatic Amines
By Type :
By Form :
By Application :
- Paint & coatings
By End Use Industry:
- Electrical and Electronics
- Marine Industry
By Region :
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa
- FAQs -
The global epoxy hardener market is valued at US$ 3.6 billion in 2022.
The regions included in the epoxy hardener market study include North America, Latin America, Middle East & Africa, South Asia & Oceania, East Asia, and Europe.
Prominent players in the market are Aditya Birla Chemicals Ltd., Air Products & Chemicals Inc., BASF SE, and Cardolite Corporation.
The market is expected to reach a valuation of US$ 6.1 billion in 2033.
The historic growth rate of the epoxy hardener market was 2.4% from 2018-2022.