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
