Site icon Fact.MR Blog

Epoxy Hardener Market: U.S. Accounting for Nearly 84% Market Share Globally During Forecast Period 2021-2031

Epoxy Hardener Market

Hand holding two tubes with epoxy glue ingredients, resin and hardener

The global market for epoxy hardeners are poised to surge at a CAGR of 6.05% from 2021 to 2031, according to a newly published Fact.MR report. As per the study, the industry is likely to touch US$ 6.3 Bn by the end of the aforementioned forecast period. Dynamic trends in industries such as construction, aerospace, marine, home décor, and electronics are set to provide significant thrust to market growth of epoxy hardener.

According to Fact.MR, the industry experienced steady growth across the 2016-2020 historical period, clocking a CAGR of around 4%. As of 2021, the market is expected to be valued at US$ 3.5 Bn. Prospects declined sharply amid the COVID-19 pandemic, especially in the first half, as the global manufacturing sector experienced a blip.

Future market demand is heavily reliant on numerous research and development initiatives undertaken by prominent manufacturers. This is regarding introduction of environmentally friendly coatings and solvent material. For instance, EcoPoxy, a prominent market player, offers a range of sustainable epoxy-based coatings, including UVPoxy®, a crystal clear thin pour for woodworkers and artists. These pours measure up to 6 mm, offering a highly durable finish.

REQUEST FOR SAMPLE

Key Takeaways from the Market Study

 “With the increasing trend of high-rise, large-scale, and functional modern architectural structures, lightweight material gain a significant thrust by fuel-efficiency regulations set for the use of lightweight materials by automakers and garnered active research attention in the aerospace sector,” comments a Fact.MR analyst.

Competitive Landscape

Prominent players are embracing innovative approaches such as ground-breaking marketing tactics, technological advancements, mergers, and acquisitions.

More Insights Available

Fact.MR, in its new offering, presents an unbiased analysis of the Epoxy Hardener Market, presenting historical demand data (2016-2020) and forecast statistics from 2021 to 2031.

The study divulges essential insights on the market based on product group (polyamides, amino amines, aliphatic amines, cycloaliphatic amines, aromatic amines, phenalkamine, and anhydride), end use industry (construction, electrical and electronics, power, transportation, marine, aircraft, decoration, furniture and others), type (special hardeners, slow epoxy hardeners, medium epoxy hardeners and fast epoxy hardeners), form (liquid, solvent-based epoxy hardeners, waterborne epoxy hardeners and solid) and application (composites, adhesives, paints & coatings and others) across seven regions (North America, Latin America, Europe, South Asia, Oceania and Middle East & Africa).

Exit mobile version