The global amine hardener market is expected to grow at a CAGR of 5.1% from 2023 to 2033, reaching a valuation of USD 2.9 billion by 2033. This steady expansion is driven by rising demand in applications like coatings, adhesives, and composites, where amine hardeners play a crucial role in enhancing durability and performance. The growth is also supported by increasing infrastructure and construction activities, as well as advancements in material technologies that utilize amine hardeners for improved product quality and longevity.
The amine hardener industry faces several obstacles, including intense competition from substitutes such as polymercaptan epoxy curing agents and phenalkamine curing agents, rising concerns regarding environmental hazards caused by the use of conventional petrochemical-based epoxy curing agents, and shifting consumer preference towards the use of bio-based curing agents among various end use sectors.
Increasing sales and production of automotive vehicles along with the increasing demand for protective coatings, adhesives, lightweight composite materials and others is anticipated to provide several lucrative opportunities for the growth of product market. The development of customized or modified amine curing agent with enhanced properties and more eco-friendlyepoxy curing agents is another key factor that provides opportunities for manufacturers to expand their product portfolio.
Rising environment concerns and increasing awareness about negative effects of amine curing agents on human health have led to development of amine hardeners with lower environment impact. Development of new and innovative amine-based hardeners for applications that require a long pot life such as pultrusion, filament winding, resin transfer molding or casting is anticipated to drive the sales of amine hardeners during the forecast period.
Manufacturers across the globe are focusing on the development of amine hardener low VOC content and are introducing advanced technologies to manufacture ultra-low emission epoxy curing agents. Growing efforts towards the replacement of petroleum-based feedstock with naturally occurring and environmentally compatible materials is another key factor bolstering the market growth across the globe.
How Does the Competition Look in the Amine Hardener Market?
The Amine Hardener industry has a highly consolidated market, with a significant number of players vying for market share.
Top 10 Players in the Amine Hardener Industry
- BASF SE
- Huntsman Corporation
- Evonik Industries
- Admark Polycoats
- The Dow Chemical Company
- Miller-Stephenson, Inc.
- Westlake Corporation
- Olin Corporation
- Aditya Birla Corp
- Cargill, Incorporated
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Segmentation Analysis of the Amine Hardener Market
By Product Type:
- Aliphatic Amine
- Cycloaliphatic Amine
- Aromatic Amine
- Modified Amine
By End Use:
- Metal Coatings
- Marine
- Oil & Gas
- OEM
- Aerospace
- Industrial & Protective Coatings
- Civil Engineering
- Flooring
- Construction repair
- Road and Bridge
- Others
- Composites and Adhesives
- Windmill blades
- Automotive Adhesives
- Fiber composites
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia Pacific
- The Middle East & Africa
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