Globally, waterborne curing agents are expected to show strong growth in the coming years, mainly due to its potential application in coatings, composites and adhesives. Furthermore, based on industry application of waterborne curing agents, some of the related industry, such as construction and automobile sector, is expected to show significant growth in the forecast period, which would certainly increase the global consumption of waterborne curing agents. Therefore, the global Waterborne Curing Agents Market is expected to experience a significant growth in the future.
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Curing agents (hardeners) are kind of chemical additives, which are added to the base resin to toughen or harden them. Curing agent has its own set of characteristics, which defines the degree of curing and time. Waterborne curing agents are commonly used for metal coatings, concrete coatings, adhesive and composite applications. The waterborne curing agent are used mainly for primers. The composites, and adhesives application are the potential segments where epoxy curing agents are used. The growing demand from the construction and automotive industry is likely to drive the global waterborne curing agents market in the years to come. To maintain supremacy in global waterborne curing agents market; leading players are increasing R&D activities for the development of products and perform merger & collaboration for expanding the production capacity.
The automobile manufacturers are steadily operating their business despite the economic crisis, which will surely have a positive impact on the consumption of waterborne curing agents. In order to meet the demand, various end-user industries are being installed globally. Therefore, demands for increasing population, installation of new end-user industry and improving existing infrastructure would be crucial for the consumption of waterborne curing agents.
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North America dominates the global waterborne curing agents market both in terms of production and consumption, and the trend is anticipated to continue for the foreseeable future. Moreover, increasing industrial investment and massive population in the emerging economies of India and China leading to growth in several end-user industries such as energy, paint and transportation among others has been driving the demand for waterborne curing agents in East Asia and South Asia. South Asia is anticipated to be the fastest growth in the global waterborne curing agents market.
The North American and European regions have been recovering from the economic downturn, which has led to the sluggish growth of the automobile industry in these regions; therefore, the waterborne curing agents market is expected to grow at a steady pace in the near future. Countries like Brazil are expected to see a significant growth trends in the transportation industry. This is likely to boost the market for coatings, which, in turn, will propel the waterborne curing agents market during the forecast period.
In Europe, increasing demand for textile and coating will be anticipated to drive the demand for waterborne curing agents in North America and Europe. Moreover, various countries, including Indonesia and South Korea, are increasing their waterborne curing agents production capacities primarily to lower dependence on imports. Several developing economies in South America and Africa are anticipated to offer huge growth opportunity for waterborne curing agents market growth.
Waterborne curing agents market is characterized by a high degree of competition and the market is dominated by regional players. The key players in the waterborne curing agents market are mentioned below.
The research report presents a comprehensive assessment of the Waterborne 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 Waterborne curing agents market segments such as geographies, application and industry.
The Waterborne curing agents report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Waterborne curing agents market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Waterborne curing agents market segments and geographies.
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