Market Overview:
The global paint curing agent market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for paints and coatings in various end-use industries, such as construction, automotive, and marine. In terms of type, the aliphatic segment is expected to lead the global paint curing agent market during the forecast period. This can be attributed to its properties such as high solvency power, low volatility, and good compatibility with other ingredients used in paints and coatings formulations. In terms of application, pipeline & tank paints are expected to lead the global paint curing agent market during the forecast period.
Product Definition:
Paint curing agent is a compound that is used to speed up the drying or hardening of paint. It is important because it helps to prevent the paint from chipping or peeling.
Aliphatic:
Aliphatic is a straight chain aliphatic hydrocarbon with no aromaticity. They are mostly used as solvents in water-based coatings and are also utilized as curing agents in the paint industry. Aliphatic compounds have an odor similar to petroleum or butyric acid. The most commonly used compound is n-butane, which has a sweetish smell when it is pure, but gets stronger when mixed with other compounds such as hexane and octene.
Cycloaliphatic:
Cycloaliphatic is a type of organic compound derived from the chlorination of aromatic compounds. They are colorless, odorless, tasteless gases with a mild toxicological profile. Cycloaliphatic molecules do not exist in nature and can be produced by several methods including the oxidation of toluene and benzene or by heating cyclohexane with calcium hydride (calcium hexahydride).
Application Insights:
The market is segmented by application into pipeline and tank paints, marine and industrial paints, and others. The pipeline and tank paint segment dominated the global market in terms of revenue share in 2017. This can be attributed to rising demand for these products from various industries including oil & gas, chemical, petrochemical, power generation among others. Increasing infrastructure spending in emerging economies such as India & China are expected to augment the growth of this application over the forecast period.
The marine and industrial paints segment is anticipated to witness significant growth over the forecast period owing to increasing investments in shipbuilding activities across major economies such as Japan U.K.
Regional Analysis:
Asia Pacific accounted for the largest share of over 35.0% in 2017 and is anticipated to witness significant growth over the forecast period. The region is expected to maintain its lead through 2025 on account of increasing automotive production and investments in construction activities, especially in emerging economies such as China, India, Indonesia, Vietnam among others.
The growing manufacturing sector coupled with rising foreign investments are likely to boost infrastructure development activities across Asia Pacific countries which will further propel product demand during the forecast period. In addition, rapid industrialization along with advancements in technology has led to an increase in oil & gas exploration activities resulting into increased consumption of paints & coatings products from various end-use industries such as energy sector and transportation among others thus driving regional market growth.
North America also captured a significant revenue share owing to high investment towards maintenance & repair works on pipelines and other structures carried out after disasters like hurricanes/floods or earthquakes etc.
Growth Factors:
- Increasing demand for automobiles due to rising disposable income and changing lifestyle of people in developing countries is expected to drive the growth of the paint curing agent market.
- Rapid industrialization and urbanization in emerging economies is also anticipated to fuel the demand for paint curing agents during the forecast period.
- Growing construction activities, especially in Asia Pacific, will create opportunities for the paint curing agent market players.
- Rising awareness about environment-friendly products is projected to boost adoption of waterborne coatings, which will subsequently propel growth of the global paint curing agent market over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Paint Curing Agent Market Research Report
By Type
Aliphatic, Cycloaliphatic, Polyamide, Amidoamine, Others
By Application
Pipeline & Tank Paints, Marine & Industrial Paints, Others
By Companies
Mitsubishi Chemical, Air Products & Chemical, Hexion, Cardolite Corporation, Dow Chemical Company, Huntsman Corporation, BASF SE, Evonik Industries, Kukdo Chemicals
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
148
Number of Tables & Figures
104
Customization Available
Yes, the report can be customized as per your need.
Global Paint Curing Agent Market Report Segments:
The global Paint Curing Agent market is segmented on the basis of:
Types
Aliphatic, Cycloaliphatic, Polyamide, Amidoamine, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pipeline & Tank Paints, Marine & Industrial Paints, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Mitsubishi Chemical
- Air Products & Chemical
- Hexion
- Cardolite Corporation
- Dow Chemical Company
- Huntsman Corporation
- BASF SE
- Evonik Industries
- Kukdo Chemicals
Highlights of The Paint Curing Agent Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Aliphatic
- Cycloaliphatic
- Polyamide
- Amidoamine
- Others
- By Application:
- Pipeline & Tank Paints
- Marine & Industrial Paints
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Paint Curing Agent Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Paint curing agent is a chemical used to accelerate the drying of paint.
Some of the major companies in the paint curing agent market are Mitsubishi Chemical, Air Products & Chemical, Hexion, Cardolite Corporation, Dow Chemical Company, Huntsman Corporation, BASF SE, Evonik Industries, Kukdo Chemicals.
The paint curing agent market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Paint Curing Agent Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Paint Curing Agent Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Paint Curing Agent Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Paint Curing Agent Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Paint Curing Agent Market Size & Forecast, 2018-2028
4.5.1 Paint Curing Agent Market Size and Y-o-Y Growth
4.5.2 Paint Curing Agent Market Absolute $ Opportunity
Chapter 5 Global Paint Curing Agent Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Paint Curing Agent Market Size Forecast by Type
5.2.1 Aliphatic
5.2.2 Cycloaliphatic
5.2.3 Polyamide
5.2.4 Amidoamine
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Paint Curing Agent Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Paint Curing Agent Market Size Forecast by Applications
6.2.1 Pipeline & Tank Paints
6.2.2 Marine & Industrial Paints
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Paint Curing Agent Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Paint Curing Agent Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Paint Curing Agent Analysis and Forecast
9.1 Introduction
9.2 North America Paint Curing Agent Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Paint Curing Agent Market Size Forecast by Type
9.6.1 Aliphatic
9.6.2 Cycloaliphatic
9.6.3 Polyamide
9.6.4 Amidoamine
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Paint Curing Agent Market Size Forecast by Applications
9.10.1 Pipeline & Tank Paints
9.10.2 Marine & Industrial Paints
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Paint Curing Agent Analysis and Forecast
10.1 Introduction
10.2 Europe Paint Curing Agent Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Paint Curing Agent Market Size Forecast by Type
10.6.1 Aliphatic
10.6.2 Cycloaliphatic
10.6.3 Polyamide
10.6.4 Amidoamine
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Paint Curing Agent Market Size Forecast by Applications
10.10.1 Pipeline & Tank Paints
10.10.2 Marine & Industrial Paints
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Paint Curing Agent Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Paint Curing Agent Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Paint Curing Agent Market Size Forecast by Type
11.6.1 Aliphatic
11.6.2 Cycloaliphatic
11.6.3 Polyamide
11.6.4 Amidoamine
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Paint Curing Agent Market Size Forecast by Applications
11.10.1 Pipeline & Tank Paints
11.10.2 Marine & Industrial Paints
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Paint Curing Agent Analysis and Forecast
12.1 Introduction
12.2 Latin America Paint Curing Agent Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Paint Curing Agent Market Size Forecast by Type
12.6.1 Aliphatic
12.6.2 Cycloaliphatic
12.6.3 Polyamide
12.6.4 Amidoamine
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Paint Curing Agent Market Size Forecast by Applications
12.10.1 Pipeline & Tank Paints
12.10.2 Marine & Industrial Paints
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Paint Curing Agent Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Paint Curing Agent Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Paint Curing Agent Market Size Forecast by Type
13.6.1 Aliphatic
13.6.2 Cycloaliphatic
13.6.3 Polyamide
13.6.4 Amidoamine
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Paint Curing Agent Market Size Forecast by Applications
13.10.1 Pipeline & Tank Paints
13.10.2 Marine & Industrial Paints
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Paint Curing Agent Market: Competitive Dashboard
14.2 Global Paint Curing Agent Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mitsubishi Chemical
14.3.2 Air Products & Chemical
14.3.3 Hexion
14.3.4 Cardolite Corporation
14.3.5 Dow Chemical Company
14.3.6 Huntsman Corporation
14.3.7 BASF SE
14.3.8 Evonik Industries
14.3.9 Kukdo Chemicals
