Epoxy Hardener Market Analysis

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 in the year 2036. 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 epoxy hardener segment is expected to grow at a CAGR of 6.9% 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: