According to the detailed report by Future Market Insights, the global amine hardener market recorded sales of US$ 1.5 billion in 2018. The market experienced a 4.0% year-on-year growth in 2022, and it is anticipated to achieve revenue of US$ 1.7 billion in 2023. Over the assessment period from 2023 to 2033, the global market is projected to expand at a compound annual growth rate (CAGR) of 5.1%, resulting in a market size of US$ 2.9 billion by the end of 2033.
Amine hardeners, also known as amine curing agents or amine epoxy hardeners, are a type of curing agent commonly used in epoxy resin systems. These are highly versatile epoxy curing agent and are widely employed in several industries. The global amine hardener market account nearly 48% of the global epoxy curing agent market in 2023.
Drivers Propelling the Demand for Market Growth include:
Challenges for Companies /Manufacturers in the Amine Hardener Market:
Opportunities in the Amine Hardener Industry:
Latest Trends in the Amine Hardener Market:
| Attribute | Details |
|---|---|
| Market Size (2023) | US$ 1.7 billion |
| Market Projected Size (2033) | US$ 2.9 billion |
| Value CAGR (2023 to 2033) | 5.1% |
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From 2018 to 2022, the market has experienced a CAGR of 3.4%, reaching a market size of US$ 1.7 billion in 2023.
From 2018 to 2022, the market has witnessed steady growth driven by the rising demand from automotive and aerospace industry. The automotive industry use these hardeners for applications, including protective coatings, adhesives, lightweight composite materials and others.
The epoxy-based coating technology provides superior rust and corrosion protection. These coatings are used to cure and provide additional protection from UV light and other damages. Owing to these reasons, epoxy coatings are used in 90% of modern cars. As the Automotive Industry has, seen spur in demand for modern vehicles this has led to the thriving demand for the epoxy curing agents during the historical period.
Looking ahead, the market is expected to rise at a CAGR of 5.1% from 2023 to 2033. During the forecast period, the market size is expected to reach US$ 2.9 billion.
The market is expected to continue its growth trajectory from 2023 to 2033, driven by increasing demand for epoxy curing agents in construction industry owing to their numerous applications in flooring, paints & coatings and adhesives. Owing to their high mechanical strength these agents are widely utilized in concrete sealers, floorings, structural composites, decorative tile grouts, mortars and chemical resistant tank linings, among other applications.
A new technology for amine curing agents is expected to drive sales of amine hardeners by enabling the production of low-emission epoxy paints with reduced solvents and plasticizers for metal protection in marine and industrial coatings.
Principal Consultant
| Country | The United States |
|---|---|
| Market Size (US$ billion) by End of Forecast Period (2033) | US$ 0.42 billion |
| CAGR % 2023 to End of Forecast (2033) | 4.4% |
The amine hardener industry in the United States is expected to reach a market share of US$ 0.42 billion by 2033, expanding at a CAGR of 4.4%. The market in the United States is expected to witness growth due to the increasing demand for protective coatings from marine and aerospace industry. There are a few other factors expected to drive the demand for amine curing agent in the country are:
| Country | India |
|---|---|
| Market Size (US$ billion) by End of Forecast Period (2033) | US$ 0.14 billion |
| CAGR % 2023 to End of Forecast (2033) | 5.2% |
The amine hardener industry in India is expected to reach a market share of US$ 0.14 billion, expanding at a CAGR of 5.2% during the forecast period. The market is projected to witness a significant growth owing to the rising demand for curing agent in flooring, concrete, steel coatings, and other applications from building and construction industries. The increasing demand for fiber reinforced composite parts with low heat and excellent chemical resistance coatings is expected to boost market growth.
| Country | China |
|---|---|
| Market Size (US$ billion) by End of Forecast Period (2033) | US$ 0.95 billion |
| CAGR % 2023 to End of Forecast (2033) | 6.1% |
The amine hardener market in China is anticipated to reach a market share of US$ 0.95 billion, moving at a CAGR of 6.1% during the forecast period. The industry in China is expected to grow prominently due to the increasing demand for metal and protective coatings from numerous end use industries, such as marine, automotive and aerospace, and building and construction industries along with the growth of these industries.
Significant increase in the number of infrastructural and building projects is also estimated to bolster the product sales in the country.
| Country | Japan |
|---|---|
| Market Size (US$ billion) by End of Forecast Period (2033) | US$ 0.11 billion |
| CAGR % 2023 to End of Forecast (2033) | 4.9% |
The product market in Japan is estimated to reach a market share of US$ 0.11 billion by 2033, thriving at a CAGR of 4.9%. The market in Japan is predicted to grow because of the increasing adoption of amine-based epoxy curing agents in industries such as wind energy, automotive and aerospace, and others. Robust expansion of shipbuilding industry along with the increasing demand for marine coatings is anticipated to propel the growth of amine hardeners market in the country.
| Country | Germany |
|---|---|
| Market Size (US$ billion) by End of Forecast Period (2033) | US$ 0.058 billion |
| CAGR % 2023 to End of Forecast (2033) | 4.8% |
The amine hardener industry in Germany is expected to reach a market share of US$ 0.058 billion, expanding at a CAGR of 4.8% during the forecast period. The country is estimated to be significant wind energy producers and is projected to witness a prominent growth rate during the forecast period. The increasing demand for advanced curing agents with improved rheology and faster curing rate in the wind energy generation is anticipated to drive the growth of amine hardeners during the forecast period.
The cycloaliphatic amine segment is expected to dominate the amine hardener industry with impeccable market share of CAGR of 5.4% from 2023 to 2033. This segment captures a significant market share in 2023 due to its better, weatherability, moisture resistance, low blush and water spotting, and good chemical resistance.
Cycloaliphatic Amines are widely adopted in coating, civil engineering, and composites applications, such as in Low-yellowing coatings and flooring, chemical-resistant coatings and flooring, primers, mortars, and other applications. The growing infrastructural and industrial developments in various regions, especially Asia Pacific is estimated to provide ample growth opportunities for the growth of amine curing agents over the forecast period.
The unabated boom in the wind energy industry has led to a rise in demand for advanced lightweight, high mechanical strength and high performing materials. The manufacturers have developed advanced curing agents with improved rheology and faster curing rate. These agents reduce the blade cycle time and their overall weight and cost. The increasing utilization of epoxy resins and curing agents to lower the production as well as maintenance and repair costs is anticipated to drive the amine hardener market.
The wind industry has been a key consumer of composites, predominantly used for the manufacturing of rotor blades. There has been an increase in demand for advanced composite materials as blades are exposed to high force and harsh environmental conditions. The rotor blades constitute approximately 70% of the overall usage. Various advantages offered by curing of epoxy resins include lightweight, fatigue resistance, improved adhesion and low shrinkage on cooling. Significant increase in the demand from wind energy industry for epoxy resins over conventional polymer-based composites is expected to bolster the market demand.
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The amine hardener industry is consolidated market with the presence of significant players holding considerable market share. Key players are actively engaged in expansion, acquisitions, and new product launch activities to enhance their global positions along with product portfolio.
Key Strategies Adopted by the Players
Companies invest hugely in research and development to introduce innovative products that offer enhanced efficiency, reliability, and cost-effectiveness. Product innovation enables companies to differentiate themselves from their competitors and cater to the evolving needs of customers.
Key players in the industry often form strategic partnerships and collaborations with other companies to leverage their strengths and expand their reach in the market. Such collaborations also allow companies to gain access to new technologies and markets.
The amine hardener industry is witnessing significant growth in emerging markets such as China and India. Key players are expanding their presence in these markets by establishing local manufacturing facilities and strengthening their distribution networks.
Key players in the amine hardener industry often engage in mergers and acquisitions to consolidate their market position, expand their product portfolio, and gain access to new markets.
Key Players in the Amine Hardener Industry
Key Developments in the Amine Hardener Market:
The cycloaliphatic amine segment is gaining traction and could follow 5.4% CAGR through 2033..
The demand for ammine hardeners in China are projected to surge with 6.1% CAGR through 2033.
The sales of amine hardener in the United States may generate a revenue of around US$ 0.42 billion by 2033.
The demand for amine hardener in India is anticipated to record 5.2% CAGR through 2033.
Amine hardeners account for nearly 48% of the global epoxy curing agent market..
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Key Market Trends 3.1. Key Trends Impacting the Market 3.2. Innovation / Development Trends 4. Key Success Factors 4.1. Product Adoption / Usage Analysis 4.2. Product Innovation and Diversification 4.3. Marketing and Brand Management 4.4. Supply Chain Management 5. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033 5.1. Historical Market Volume (Tons) Analysis, 2018 to 2022 5.2. Current and Future Market Volume (Tons) Projections, 2023 to 2033 5.3. Y-o-Y Growth Trend Analysis 6. Global Market to Pricing Analysis 6.1. Regional Pricing Analysis By Derivative 6.2. Pricing Analysis by Regions 7. Global Market Demand (in Value or Size in US$ Billion) Analysis 2018 to 2022 and Forecast, 2023 to 2033 7.1. Historical Market Value (US$ Billion) Analysis, 2018 to 2022 7.2. Current and Future Market Value (US$ Billion) Projections, 2023 to 2033 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Market Background 8.1. Macro-Economic Factors 8.2. Forecast Factors to Relevance and Impact 8.3. Supply-Demand Analysis 8.4. Value Chain 8.5. Production Process Overview 8.6. Market Dynamics 8.7. Impact of COVID to 19 Crisis 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Billion) and Volume Analysis By Product Type, 2018 to 2022 9.3. Current and Future Market Size (US$ Billion) and Volume Analysis and Forecast By Product Type, 2023 to 2033 9.3.1. Aliphatic Amine 9.3.2. Cycloaliphatic Amine 9.3.3. Aromatic Amine 9.3.4. Modified Amine 9.4. Market Attractiveness Analysis By Product Type 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ Billion) and Volume Analysis By End Use, 2018 to 2022 10.3. Current and Future Market Size (US$ Billion) and Volume Analysis and Forecast By End Use, 2023 to 2033 10.3.1. Metal Coatings 10.3.1.1. Marine 10.3.1.2. Oil and Gas 10.3.1.3. OEM 10.3.1.4. Aerospace 10.3.1.5. Industrial and Protective Coatings 10.3.2. Civil Engineering 10.3.2.1. Flooring 10.3.2.2. Construction repair 10.3.2.3. Road and Bridge 10.3.2.4. Others 10.3.3. Composites and Adhesives 10.3.3.1. Windmill blades 10.3.3.2. Automotive Adhesives 10.3.3.3. Fiber composites 10.3.3.4. Others 10.4. Market Attractiveness Analysis By End Use 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region 11.1. Introduction 11.2. Historical Market Size (US$ Billion) and Volume Analysis By Region, 2018 to 2022 11.3. Current Market Size (US$ Billion) and Volume Analysis and Forecast By Region, 2023 to 2033 11.3.1. North America 11.3.2. Latin America 11.3.3. Western Europe 11.3.4. Eastern Europe 11.3.5. East Asia 11.3.6. South Asia and Pacific 11.3.7. Middle East and Africa 11.4. Market Attractiveness Analysis By Region 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 12.1. Introduction 12.2. Pricing Analysis 12.3. Historical Market Size (US$ Billion) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022 12.4. Market Size (US$ Billion) and Volume Forecast By Market Taxonomy, 2023 to 2033 12.4.1. By Product Type 12.4.2. End Use 12.4.3. By Country 12.4.3.1. U.S. 12.4.3.2. Canada 12.5. Market Attractiveness Analysis 12.5.1. By Product Type 12.5.2. End Use 12.5.3. By Country 12.6. Market Trends 12.7. Drivers and Restraints Impact Analysis 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 13.1. Introduction 13.2. Pricing Analysis 13.3. Historical Market Size (US$ Billion) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022 13.4. Market Size (US$ Billion) and Volume Forecast By Market Taxonomy, 2023 to 2033 13.4.1. By Product Type 13.4.2. By End Use 13.4.3. By Country 13.4.3.1. Brazil 13.4.3.2. Mexico 13.4.3.3. Argentina 13.4.3.4. Rest of Latin America 13.5. Market Attractiveness Analysis 13.5.1. By Product Type 13.5.2. By End Use 13.5.3. By Country 13.6. Market Trends 13.7. Drivers and Restraints Impact Analysis 14. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14.1. Introduction 14.2. Pricing Analysis 14.3. Historical Market Size (US$ Billion) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022 14.4. Market Size (US$ Billion) and Volume Forecast By Market Taxonomy, 2023 to 2033 14.4.1. By Product Type 14.4.2. By End Use 14.4.3. By Country 14.4.3.1. Germany 14.4.3.2. Italy 14.4.3.3. France 14.4.3.4. U.K. 14.4.3.5. Spain 14.4.3.6. BENELUX 14.4.3.7. NORDICS 14.4.3.8. Rest of Western Europe 14.5. Market Attractiveness Analysis 14.5.1. By Product Type 14.5.2. By End Use 14.5.3. By Country 14.6. Market Trends 14.7. Drivers and Restraints Impact Analysis 15. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15.1. Introduction 15.2. Pricing Analysis 15.3. Historical Market Size (US$ Billion) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022 15.4. Market Size (US$ Billion) and Volume Forecast By Market Taxonomy, 2023 to 2033 15.4.1. By Product Type 15.4.2. By End Use 15.4.3. By Country 15.4.3.1. Poland 15.4.3.2. Hungary 15.4.3.3. Romania 15.4.3.4. Czech Republic 15.4.3.5. Rest of Eastern Europe 15.5. Market Attractiveness Analysis 15.5.1. By Product Type 15.5.2. By End Use 15.5.3. By Country 15.6. Market Trends 15.7. Drivers and Restraints Impact Analysis 16. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16.1. Introduction 16.2. Pricing Analysis 16.3. Historical Market Size (US$ Billion) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022 16.4. Market Size (US$ Billion) and Volume Forecast By Market Taxonomy, 2023 to 2033 16.4.1. By Product Type 16.4.2. By End Use 16.4.3. By Country 16.4.3.1. China 16.4.3.2. Japan 16.4.3.3. South Korea 16.5. Market Attractiveness Analysis 16.5.1. By Product Type 16.5.2. By End Use 16.5.3. By Country 16.6. Market Trends 16.7. Drivers and Restraints Impact Analysis 17. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17.1. Introduction 17.2. Pricing Analysis 17.3. Historical Market Size (US$ Billion) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022 17.4. Market Size (US$ Billion) and Volume Forecast By Market Taxonomy, 2023 to 2033 17.4.1. By Product Type 17.4.2. By End Use 17.4.3. By Country 17.4.3.1. India 17.4.3.2. Association of Southeast Asian Nations 17.4.3.3. Australia and New Zealand 17.4.3.4. Rest of South Asia and Pacific 17.5. Market Attractiveness Analysis 17.5.1. By Product Type 17.5.2. By End Use 17.5.3. By Country 17.6. Market Trends 17.7. Drivers and Restraints Impact Analysis 18. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 18.1. Introduction 18.2. Pricing Analysis 18.3. Historical Market Size (US$ Billion) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022 18.4. Market Size (US$ Billion) and Volume Forecast By Market Taxonomy, 2023 to 2033 18.4.1. By Product Type 18.4.2. By End Use 18.4.3. By Country 18.4.3.1. Gulf Cooperation Council Countries 18.4.3.2. Türkiye 18.4.3.3. Northern Africa 18.4.3.4. South Africa 18.4.3.5. Rest of Middle East and Africa 18.5. Market Attractiveness Analysis 18.5.1. By Product Type 18.5.2. By End Use 18.5.3. By Country 18.6. Market Trends 18.7. Drivers and Restraints Impact Analysis 19. Key Countries Market Analysis 19.1. U.S. Market Analysis 19.1.1. By Product Type 19.1.2. By End Use 19.2. Canada Market Analysis 19.2.1. By Product Type 19.2.2. By End Use 19.3. Mexico Market Analysis 19.3.1. By Product Type 19.3.2. By End Use 19.4. Brazil Market Analysis 19.4.1. By Product Type 19.4.2. By End Use 19.5. Argentina Market Analysis 19.5.1. By Product Type 19.5.2. By End Use 19.6. Germany Market Analysis 19.6.1. By Product Type 19.6.2. By End Use 19.7. Italy Market Analysis 19.7.1. By Product Type 19.7.2. By End Use 19.8. France Market Analysis 19.8.1. By Product Type 19.8.2. By End Use 19.9. U.K. Market Analysis 19.9.1. By Product Type 19.9.2. By End Use 19.10. Spain Market Analysis 19.10.1. By Product Type 19.10.2. By End Use 19.11. BENELUX Market Analysis 19.11.1. By Product Type 19.11.2. By End Use 19.12. China Market Analysis 19.12.1. By Product Type 19.12.2. By End Use 19.13. Japan Market Analysis 19.13.1. By Product Type 19.13.2. By End Use 19.14. S. Korea Market Analysis 19.14.1. By Product Type 19.14.2. By End Use 19.15. India Market Analysis 19.15.1. By Product Type 19.15.2. By End Use 19.16. Association of Southeast Asian Nations Market Analysis 19.16.1. By Product Type 19.16.2. By End Use 19.17. Gulf Cooperation Council Countries Market Analysis 19.17.1. By Product Type 19.17.2. By End Use 19.18. Türkiye Market Analysis 19.18.1. By Product Type 19.18.2. By End Use 19.19. South Africa Market Analysis 19.19.1. By Product Type 19.19.2. By End Use 20. Market Structure Analysis 20.1. Market Analysis by Tier of Companies 20.2. Market Concentration 20.3. Market Share Analysis of Top Players 20.4. Production Capacity Estimates of Top Players 20.5. Market Presence Analysis 21. Competition Analysis 21.1. Competition Dashboard 21.2. Primary Survey Analysis 21.3. Competition Deep Dive 21.3.1. BASF SE 21.3.1.1. Overview 21.3.1.2. Product Portfolio 21.3.1.3. Key Financials 21.3.1.4. Sales Footprint 21.3.1.5. Strategy Overview 21.3.2. Huntsman Corporation 21.3.2.1. Overview 21.3.2.2. Product Portfolio 21.3.2.3. Key Financials 21.3.2.4. Sales Footprint 21.3.2.5. Strategy Overview 21.3.3. Evonik Industries 21.3.3.1. Overview 21.3.3.2. Product Portfolio 21.3.3.3. Key Financials 21.3.3.4. Sales Footprint 21.3.3.5. Strategy Overview 21.3.4. Admark Polycoats 21.3.4.1. Overview 21.3.4.2. Product Portfolio 21.3.4.3. Key Financials 21.3.4.4. Sales Footprint 21.3.4.5. Strategy Overview 21.3.5. The Dow Chemical Company 21.3.5.1. Overview 21.3.5.2. Product Portfolio 21.3.5.3. Key Financials 21.3.5.4. Sales Footprint 21.3.5.5. Strategy Overview 21.3.6. Miller-Stephenson, Inc. 21.3.6.1. Overview 21.3.6.2. Product Portfolio 21.3.6.3. Key Financials 21.3.6.4. Sales Footprint 21.3.6.5. Strategy Overview 21.3.7. Westlake Corporation 21.3.7.1. Overview 21.3.7.2. Product Portfolio 21.3.7.3. Key Financials 21.3.7.4. Sales Footprint 21.3.7.5. Strategy Overview 21.3.8. Olin Corporation 21.3.8.1. Overview 21.3.8.2. Product Portfolio 21.3.8.3. Key Financials 21.3.8.4. Sales Footprint 21.3.8.5. Strategy Overview 21.3.9. Aditya Birla Corp 21.3.9.1. Overview 21.3.9.2. Product Portfolio 21.3.9.3. Key Financials 21.3.9.4. Sales Footprint 21.3.9.5. Strategy Overview 21.3.10. Cargill, Incorporated 21.3.10.1. Overview 21.3.10.2. Product Portfolio 21.3.10.3. Key Financials 21.3.10.4. Sales Footprint 21.3.10.5. Strategy Overview 21.3.11. Air Products and Chemicals, Inc. 21.3.11.1. Overview 21.3.11.2. Product Portfolio 21.3.11.3. Key Financials 21.3.11.4. Sales Footprint 21.3.11.5. Strategy Overview 21.3.12. Cardolite Corporation 21.3.12.1. Overview 21.3.12.2. Product Portfolio 21.3.12.3. Key Financials 21.3.12.4. Sales Footprint 21.3.12.5. Strategy Overview 21.3.13. Atul Ltd. 21.3.13.1. Overview 21.3.13.2. Product Portfolio 21.3.13.3. Key Financials 21.3.13.4. Sales Footprint 21.3.13.5. Strategy Overview 21.3.14. Kukdo Chemical Co., Ltd. 21.3.14.1. Overview 21.3.14.2. Product Portfolio 21.3.14.3. Key Financials 21.3.14.4. Sales Footprint 21.3.14.5. Strategy Overview 21.3.15. Emerald Performance Materials 21.3.15.1. Overview 21.3.15.2. Product Portfolio 21.3.15.3. Key Financials 21.3.15.4. Sales Footprint 21.3.15.5. Strategy Overview 21.3.16. Royce International 21.3.16.1. Overview 21.3.16.2. Product Portfolio 21.3.16.3. Key Financials 21.3.16.4. Sales Footprint 21.3.16.5. Strategy Overview 21.3.17. ADEKA Corporation 21.3.17.1. Overview 21.3.17.2. Product Portfolio 21.3.17.3. Key Financials 21.3.17.4. Sales Footprint 21.3.17.5. Strategy Overview 21.3.18. Mitsubishi Chemical Corporation 21.3.18.1. Overview 21.3.18.2. Product Portfolio 21.3.18.3. Key Financials 21.3.18.4. Sales Footprint 21.3.18.5. Strategy Overview 22. Assumptions and Acronyms Used 23. Research Methodology
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Amine Hardener Market
