Increasing construction activities and growth in industrial investments is leading to a surge in demand for paints and coatings, which are expected to be among the major factors driving growth for amine curing agents during the forecast period. Paints & coatings applications are expected to be the fastest growing application in the near future. The increasing demand from the construction and automotive industry is likely to drive the global Amine Curing Agents Market in the years to come.
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The rising consumer demand for FMCG products, such as cosmetics and adoption of modern agriculture practices for pesticides and various agrochemicals, are few factors contributing to the growth of global amines curing agents market. Amine curing agents are high water solubility and are readily soluble in numerous organic solvents. The amine curing agents are primarily employed in the production of resin, wax and paints among and also applied for multiple purposes, such as leather processing and agrochemicals, among several others. Amine curing agents are primarily used in agrochemicals and surfactants. Major end-user industries for specialty chemicals include paints & coatings personal care, agrochemicals and surfactants, among others. Amine curing agents are organic compounds from derivatives of ammonia in which organic groups replace either one, two, or all three hydrogen atoms. Production of odorless and eco-friendly products primarily in the agrochemicals segments, which is expected to drive the demand for amine curing agents for gardening and other such applications.
Agriculture dominates the global demand for amine curing agents, and the trend is expected to continue during the forecast period. The increasing demand for agrochemicals is primarily dependent on the market for food in the region. Therefore, the population growth rate is among the foremost determinant for the exchange of amine curing agents.
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Volatile pricing of primary raw materials, such as ethylene oxide, is a significant restraint for amine curing agents market growth. High toxicity, environmental and health hazards associated with amine curing agents leading to stringent environmental regulation is a significant factor restraining amine curing agents market growth.
North America dominates the global demand for amine curing agents in terms of consumption and the trend is expected to continue during the forecast period. The market for amine curing agents in North America and Europe is anticipated to grow at a slow rate during the forecast period, mainly owing to stringent government regulations and market saturation in several end-user industries. East Asia is the second largest consumer for amine curing agents. India and China are two of the most significant nations in terms of population. India and China are also among the foremost emerging economies across the globe. Large population coupled with high industrial investment in these developing economies is leading to growth in several end-user industries such as agrochemicals, paints and construction, which is expected to be a significant factor fuelling growth of amine curing agents in East Asia and South Asia. On account of which, South Asia is expected to be the fastest growing region for amine curing agents market growth during the forecast period.
Increasing research and development to produce innovative and application-specific specialty and expanding the production capacity of leading players, which is expected to offer a huge growth opportunity in the market.
The research report presents a comprehensive assessment of the Amine curing agents market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Amine curing agents market segments such as geographies, application and industry.
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