Epoxy Hardener Market Size & Share, by Type (Polyamide, Aromatic Amine, Amino Amine, Aliphatic Amine, Cycloaliphatic Amine); Form (Solvent-Based, Waterborne, Solid); Application (Paints & Coatings, Adhesives & Sealants, Electronic Encapsulation, Composites); End-user (Building & Construction, Marine, Aerospace, Electrical & Electronics, Energy & Power) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 3398
  • Published Date: Mar 24, 2023
  • Report Format: PDF, PPT
  1. An Outline of the Epoxy Hardener Market
    1. Market Definition
    2. Market Segmentation
    3. Product Overview
  2. Assumptions and Abbreviations
  3. Research Methodology & Approach
    1. Research Process
    2. Primary Research
      1. Manufacturers
      2. Suppliers/ Distributors
      3. End Users
    3. Secondary Research
    4. Market Size Estimation
  4. Summary of the Report for Key Decision Makers
  5. Forces of the Market Constituents
    1. Factors/Drivers Impacting the Growth of the Market
    2. Market Trends for Better Business Practices
  6. Key Market Opportunities for Business Growth
    1. Based on the Type
    2. Based on the Form
    3. Based on the Application
    4. Based on the End User
    5. Based on Geographical Presence
  7. Major Roadblocks for the Market Growth
  8. Government Regulations
  9. Technology Transition and Adoption Analysis
  10. Industry Risk Analysis
  11. Global Economic Outlook: Challenges for Global Recovery and its Impact on Global Epoxy Hardener Market
    1. Ukraine-Russia Crisis
    2. Potential US Economic Slowdown
  12.  Impact of COVID-19 on Global Epoxy Hardener Market
  13.  Regional Analysis on Epoxy Hardener Market
  14. Industry Pricing Benchmarking & Analysis
  15. Industry Growth Outlook
  16. Industry Supply Chain Analysis
  17. EXIM Analysis of Epoxy Resin
    1. Export Analysis
      1. Exported Value (USD Thousand)
      2. Analysis of Key Exporting Countries
      3. Key Regulation
    2. Import Analysis
      1. Imported Value (USD Thousand)
      2. Analysis of Key Importing Countries
      3. Key Regulation
  18. End User Analysis
  19. Competitive Positioning: Strategies to Differentiate a Company from its Competitors
  20. Competitive Model: A Detailed Inside View for Investors
    1. Market Share of Major Companies Profiled, 2022
    2. Business Profiles of Key Enterprises
      1. Cardolite Corporation
      2. Evonik Industries AG
      3. BASF SE
      4. Mitsubishi Chemical Corporation
      5. Huntsman International LLC
      6. Hexion Inc.
      7. Olin Corporation
      8. KUKDO CHEMICAL CO., LTD.
      9. Nouryon Chemicals Holding B.V.
      10. Incorez Ltd
  21.  Global Epoxy Hardener Market Outlook & Projections, Opportunity Assessment, 2022-2033
    1. Market Overview
    2. Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
    3. Market Revenue by Volume (Kilo Tons) and Compound Annual Growth Rate (CAGR)
      1. By Type
        1. Polyamide, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        2. Aromatic Amine, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        3. Amino Amine, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        4. Aliphatic Amine, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        5. Cycloaliphatic Amine, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        6. Others, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
      2. By Form
        1. Solvent-Based, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        2. Waterborne, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        3. Solid, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
      3. By Application
        1. Paints and Coatings, Market Value (USD Million), Market Volume (Kilo Tons), CAGR,  2023-2033F
        2. Adhesives and Sealants, Market Value (USD Million), Market Volume (Kilo Tons), CAGR,  2023-2033F
        3. Electronic Encapsulation, Market Value (USD Million), Market Volume (Kilo Tons), CAGR,  2023-2033F
        4. Composites, Market Value (USD Million), Market Volume (Kilo Tons), CAGR,  2023-2033F
        5. Others, Market Value (USD Million), Market Volume (Kilo Tons), CAGR,  2023-2033F
      4. By End User
        1. Building and Construction, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        2. Marine Industry, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        3. Aerospace, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        4. Electrical & Electronics, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        5. Energy & Power, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        6. Others, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
      5. By Geography
        1. North America, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        2. Europe, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        3. Asia Pacific, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        4. Latin America, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        5. Middle East & Africa, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
      6. Cross Analysis of Global Epoxy Hardener Market by Type w.r.t. End User (Value and Volume)
  22. North America Epoxy Hardener Market Outlook & Projections, Opportunity Assessment, 2022 to 2033
    1. Market Overview
    2. Market Revenue by Value USD Million) and Compound Annual Growth Rate (CAGR)
    3. Market Revenue by Volume (Kilo Tons) and Compound Annual Growth Rate (CAGR)
      1. By Type
        1. Polyamide, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        2. Aromatic Amine, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        3. Amino Amine, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        4. Aliphatic Amine, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        5. Cycloaliphatic Amine, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        6. Others, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
      2. By Form
        1. Solvent-Based, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        2. Waterborne, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        3. Solid, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
      3. By Application
        1. Paints and Coatings, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        2. Adhesives and Sealants, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        3. Electronic Encapsulation, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        4. Composites, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        5. Others, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
      4. By End User
        1. Building and Construction, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        2. Marine Industry, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        3. Aerospace, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        4. Electrical & Electronics, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        5. Energy & Power, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        6. Others, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
      5. By Country
        1. United States, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        2. Canada, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
  23. Europe Epoxy Hardener Market Outlook & Projections, Opportunity Assessment, 2022 to 2033
    1. Market Overview
    2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
    3. Market Revenue by Volume (Kilo Tons)
      1. By Type
      2. By Form
      3. By Application
      4. By End-User
      5. By Country
        1. United Kingdom, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        2. Germany, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        3. France, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        4. Italy, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        5. Spain, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        6. Russia, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        7. Netherlands, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        8. Rest of Europe, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
  24. Asia Pacific Epoxy Hardener Market Outlook & Projections, Opportunity Assessment, 2022 to 2033
    1. Market Overview
    2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
    3. Market Revenue by Volume (Kilo Tons)
      1. By Type
      2. By Form
      3. By Application
      4. By End-User
      5. By Country
        1. China, Market Value (USD Million), Market Volume (Kilo Tons), CAGR & Y-o-Y Growth Trend, 2022-2033F
        2. India, Market Value (USD Million), Market Volume (Kilo Tons), CAGR & Y-o-Y Growth Trend, 2022-2033F
        3. Japan, Market Value (USD Million), Market Volume (Kilo Tons), CAGR & Y-o-Y Growth Trend, 2022-2033F
        4. South Korea, Market Value (USD Million), Market Volume (Kilo Tons), CAGR & Y-o-Y Growth Trend, 2022-2033F
        5. Singapore, Market Value (USD Million), Market Volume (Kilo Tons), CAGR & Y-o-Y Growth Trend, 2022-2033F
        6. Australia, Market Value (USD Million), Market Volume (Kilo Tons), CAGR & Y-o-Y Growth Trend, 2022-2033F
        7. Rest of Asia Pacific, Market Value (USD Million), Market Volume (Kilo Tons), CAGR & Y-o-Y Growth Trend, 2022-2033F
  25. Latin America Epoxy Hardener Market Outlook & Projections, Opportunity Assessment, 2022 to 2033
    1. Market Overview
    2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
    3. Market Revenue by Volume (Kilo Tons)
    4. By Type
      1. By Form
      2. By Application
      3. By End-User
      4. By Country
        1. Brazil, Market Value (USD Million), Market Volume (Kilo Tons), CAGR & Y-o-Y Growth Trend, 2022-2033F
        2. Mexico, Market Value (USD Million), Market Volume (Kilo Tons), CAGR & Y-o-Y Growth Trend, 2022-2033F
        3. Argentina, Market Value (USD Million), Market Volume (Kilo Tons), CAGR & Y-o-Y Growth Trend, 2022-2033F
        4. Rest of Latin America, Market Value (USD Million), Market Volume (Kilo Tons), CAGR & Y-o-Y Growth Trend, 2022-2033F
  26. Middle East & Africa Epoxy Hardener Market Outlook & Projections, Opportunity Assessment, 2022 to 2033
    1. Market Overview
    2. Analysis on Govt. Guidelines, Trends in the region & Impact on Y-O-Y Revenue
    3. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
    4. Market Revenue by Volume (Kilo Tons)
    5. Year-on-Year (Y-o-Y) Growth Trend Analysis
      1. By Type
      2. By Form
      3. By Application
      4. By End-User
      5. By Country
        1. Israel, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        2. GCC, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        3. South Africa, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F
        4. Rest of Middle East & Africa, Market Value (USD Million), Market Volume (Kilo Tons), CAGR, 2023-2033F

Global Market Size, Forecast, and Trend Highlights Over 2023-2033

Epoxy Hardener Market size is expected to cross USD 14265.6 million by the end of 2033, growing at a CAGR of 6.77% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of epoxy hardener was over USD 6972.6 million. The growth of the market can be attributed to the increasing construction activities across countries. Furthermore, the continual emphasis on technological innovation in semiconductors and consumer electronics is also contributing to the growth of the epoxy hardener market. For instance, according to the Semiconductor Industry Association (SIA), a U.S.-based trade association, the semiconductor industry sales rose to an estimated USD 49 billion in July 2022 from nearly USD 45 billion in July 2021.

In addition to these, factors that are believed to fuel the market growth of epoxy hardeners include the increasing inclination towards eco-friendly epoxy hardeners, notably in the energy sector. Furthermore, epoxy hardeners are known for their excellent adhesion properties and ability to withstand extreme temperatures and harsh environments. For instance, in April 2020, Chemical Process Services Ltd. (CPS) researched and developed a new series of “green” epoxy hardeners named Furalkamines, a new form of Mannich base epoxy hardeners derived from pentosane-rich biomass.


Epoxy Hardener Market
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Epoxy Hardener Sector: Growth Drivers and Challenges

Growth Drivers

  • Increasing Construction Activities across Countries - The growing infrastructure investments by the government, the rising residential sector, and improving living standards are the major factors driving construction growth that is estimated to propel the demand for epoxy hardeners across various applications. For instance, according to the World Bank, the total urban population was 4.4 billion in 2021, which experienced an increase of 2.3% compared to 2020. Moreover, government investments in various public infrastructure projects such as connectivity projects, housing projects, and smart cities are likely to augment the growth of the construction industry.
  • Growing Demand across Electronics and Semiconductor Industry - Epoxy resins are the major component of durable epoxy compounds used in semiconductor packaging assemblies and printed circuit boards since they protect the semiconductor from factors in the external environment, such as moisture, heat, and shock. Furthermore, the continuous technological innovation in semiconductors and consumer electronics is fueling the market demand for epoxy hardeners. According to the India Brand Equity Foundation, the production of electronics hardware in the country stood at USD 63.39 billion in 2021.
  • Increasing Utilization in Energy Sector - Epoxy resin-based composite materials have become established as material for rotor blades. Wind energy is on the rise as a climate-friendly source of energy. For instance, 24,000 tons of Bisphenol A (BPA)-based epoxy resin are used in rotor blades in Europe annually (out of which 52,000 tons of the resins are used in overall wind turbine design overall).
  • Surging Adoption of Epoxy Hardener in Automobile Industry - Epoxy hardener is used in automotive coatings owing to its chemical properties, such as mechanical strength, adhesion to metals, and heat resistance. These properties protect car bodywork from corrosion and other damages, sometimes doubling the lifetime of a car. Besides, it is used to manufacture composite parts of automobiles. According to the International Organization of Motor Vehicle Manufacturers (OICA), 80,145,988 automobiles were manufactured in 2021, and 77,621,582 were manufactured in 2020. The increasing production rate in the automobile industry is expected to flourish the global epoxy hardener market.

Challenges

  • Toxicity Effect Owing to Volatile Organic Compound Emissions - Epoxy resins and their hardeners are complex chemical compounds that, in some cases, can cause injury if handled improperly. Amine-based epoxy hardeners release VOCs, potentially becoming hazardous air pollutants. They can cause several health issues, including eye irritations, burns, nose or throat allergies, asthma, and sometimes skin cancer. Besides, they can cause other effects, such as headaches, dizziness, and confusion. When it comes to skin contact, it is usually where the problems arise. It can be an irritant, which can give toxic eczema, or a sensitizer, which can give allergic contact dermatitis. Among the hardeners, aliphatic polyamines can cause the most skin lesions. For instance, according to the World Health Organization (WHO), approximately 2-3 million cases of non-melanoma skin cancers and 132 million cases of melanoma skin cancers are recorded worldwide annually. Moreover, 1 in 3 cancers diagnosed is skin cancer.
  • High Fluctuation in the Prices of the Raw Materials
  • Easy Availability of Alternatives

Epoxy Hardener Market: Key Insights

Base Year

2022

Forecast Year

2023-2033

CAGR

6.77%

Base Year Market Size (2022)

USD 6,972.6 Million

Forecast Year Market Size (2033)

USD 14,265.6 Million

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Brazil, Argentina, Mexico, Rest of Latin America)
  • Asia-Pacific (China, Japan, India, South Korea, Australia, Singapore, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Netherlands, Russia, Rest of Europe)
  • Middle East and Africa (GCC, Israel, South Africa, Rest of the Middle East and Africa)
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Epoxy Hardener Segmentation

End-user (Building & Construction, Marine, Aerospace, Electrical & Electronics, Energy & Power)

The global epoxy hardener market is also segmented and analyzed for demand and supply by end users into building & construction, marine industry, aerospace, electrical & electronics, and energy & power, and others.  The electrical & electronics segment is estimated to have the largest revenue of USD 3,478.6 Million in the year 2033, up from USD 1,439.6 Million in the year 2022. This can be attributed to the frequently used of epoxy hardener in creating electrical composites owing to their excellent mechanical, thermal, and electrical insulation. Moreover, these are also utilized in electronic components like printed circuit boards (PCBs), fiber optics, LEDs, and other adhesive applications owing to their quick cycle times, great insulating qualities, low shrinkage, excellent impregnation, hydrophobicity, vibration dampening, low exotherm, high thermal conductivity, superb toughness, and high strength. In addition, epoxy hardeners are primarily in demand for the fabrication of PCBs, which are used in a variety of electronic products, including smartphones, hard drives, optical communication, drones, wearables, and other consumer electronics, leading to the growth of the epoxy hardener market. For instance, The National Policy on Electronics 2019 in India, targets the production of 1 billion mobile handsets valued at USD 190 billion by 2025, out of which 600 million handsets valued at USD 100 billion are likely to be exported.

Form (Solvent-Based, Waterborne, Solid)

The global epoxy hardener market is also segmented and analyzed for demand and supply by form into solvent-based, waterborne, and solid. Amongst these three segments, the solid segment is expected to garner a significant share over the forecast period. The solid epoxy hardener segment of the global epoxy hardener market is expected to be USD 6,287.6 million by 2033 from USD 3,031.8 million in 2022, with a CAGR of 6.90% during the forecast period. Solid epoxy hardeners are suitable for coatings on concrete where the solvent cannot, in addition to corrosion protection applications on steel. These make an excellent foundation for various high-quality chemical-resistant coatings that can tolerate exposure to corrosive environments. Furthermore, the prices are comparatively cheaper than waterborne epoxy hardeners, which makes them attractive across every application. High penetration of these epoxy hardeners in paints and coatings applications is expected to benefit the segmental market growth.

Our in-depth analysis of the global market includes the following segments:

     By Type

  • Polyamide
  • Aromatic Amine
  • Amino Amine
  • Aliphatic Amine
  • Cycloaliphatic Amine
  • Others

     By Form

  • Solvent-Based
  • Waterborne
  • Solid

     By Application

  • Paints & Coatings
  • Adhesives & Sealants
  • Electronic Encapsulation
  • Composites
  • Others

     By End User

  • Building & Construction
  • Marine Industry
  • Aerospace
  • Electrical & Electronics
  • Energy & Power
  • Others

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Epoxy Hardener Industry - Regional Synopsis

APAC Market Statistics

The Asia Pacific epoxy hardener market, amongst the market in all the other regions, is projected to hold the largest market revenue by the end of 2033, of USD 6,431.1 Million with a CAGR of 8.34% during the forecast period. The growth of the market can be attributed majorly to the increasing urbanization, and growing construction activity across Asian countries, notably China. China accounts for about 50 percent of the world’s production of printed circuit boards (PCBs). For instance, in 2020, China exported USD 17.2 Billion in printed circuit boards, making it the world's 1st largest exporter of printed circuit boards. In 2020, China imported USD 6.11 billion in printed circuit boards, becoming the 2nd largest importer of printed circuit boards. In addition, Moreover, energy control policy had a positive impact on the Chinese epoxy resin market as the policy pushed the consumers to focus more on renewable energy sources. 

Europe Market Forecast

The Europe epoxy hardener market is expected to showcase substantial growth over the forecast period of 2023-2033 by registering a CAGR of 4.91%. The Europe market was valued at USD 1,968.1 million in 2022 and is projected to reach USD 3,326.2 million at the end of 2033. Demand for lighter composite components in the aircraft and automotive industry is a key demand driver in the region since such features contribute to lowering emissions and improving durability, efficiency, strength, and reliability. Besides, the strong presence of leading aircraft component manufacturing companies across the country bolstered the sale of epoxy hardeners. For instance, according to the European epoxy resin committee, the weight savings achieved by using epoxy composites are estimated to reduce fuel usage by some 230 million kg per year, saving USD 147.9 million in fuel costs and 720,000 of CO2 aircraft emissions per year. The European transport sector uses about 49,000 tons of epoxy resins produced annually by epoxy resin committee members.

Latin America Forecasts

The Latin America epoxy hardener market is also projected to witness significant growth at a CAGR of 7.41% over the forecast period. Rising demand for lighter composite components, paints, and coatings and rising investments in the automotive industry are key demand drivers in the region. Epoxy-based coating provides significant advantages in preventing rust and corrosion on vehicles’ bodies and critical metal parts. Epoxy-based composite components offer better fuel efficiency owing to their reduced weight. For instance, according to the International Organization of Motor Vehicle Manufacturers, motor vehicle production in Latin America was 3,337,795 in 2019, 2,318,523 in 2020, and 2,723,770 in 2021. Besides, in July 2022, Renault announced its plan to invest USD 377.1 million in Brazil to produce a new SUV and a new 1.0-liter turbocharged engine.

Research Nester
Epoxy Hardener Market Size
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Companies Dominating the Epoxy Hardener Landscape

top-features-companies
    • Cardolite Corporation
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Evonik Industries AG
    • BASF SE
    • Mitsubishi Chemical Corporation
    • Huntsman International LLC
    • Hexion Inc.
    • Olin Corporation
    • KUKDO CHEMICAL CO., LTD.
    • Nouryon Chemicals Holding B.V.
    • Incorez Ltd

In the News

  • Cardolite Corporation launched NX-8402 a new waterborne curing agent that does not contain any solvent and does not require co-solvents to form a film properly. Since this epoxy curing agent is supplied as an emulsion, it can be easily diluted in water as is and after mixing with epoxy resins. As a result, NX-8402 enables zero and low VOC formulations that meet many industrial applications' requirements. Moreover, NX-8402 is compatible with various epoxy dispersion resins, including standard liquid epoxy. The good handling properties of NX-8402 give formulators latitude to work.
  • Nouryon announced its plans to build a new production facility to meet the increasing global demand for innovative and sustainable additives for the rapidly growing paints and coatings end market and other high-growth end markets. The new facility will be situated in Southeast Asia. With a 15-20 kilotons capacity, it will expand Nouryon’s business to multinational and regional customers.

Author Credits:  Rajrani Baghel


  • Report ID: 3398
  • Published Date: Mar 24, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing construction activities across countries, and the continual technological advancements in semiconductors and electronic devices/products are the major factors driving the market growth.

The market is anticipated to attain a CAGR of 6.77% over the forecast period, i.e., 2023-2033.

The major players in the market are Cardolite Corporation, Evonik Industries AG, BASF SE, Mitsubishi Chemical Corporation, and Huntsman International LLC., and others.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, form, application, end user, and region.

The cycloaliphatic amine segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.

The toxicity effect caused by volatile organic compound emissions is a restraint factor for market expansion.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.
Epoxy Hardener Market Report Scope
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