Epoxy Hardener Market Size

Epoxy Hardener Market size was over USD 7.49 Billion in 2023 and is poised to reach USD 18.94 Billion by the end of 2036, growing at around 7.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of epoxy hardener is assessed at USD 7.99 Billion. The growth of the market can be attributed to the increasing construction activities across countries. Furthermore, the continual emphasis on technological innovation in semiconductors and consumer electronics is also contributing to the growth of the epoxy hardener market. For instance, according to the Semiconductor Industry Association (SIA), a U.S.-based trade association, the semiconductor industry sales rose to an estimated USD 49 billion in July 2022 from nearly USD 45 billion in July 2021.

In addition to these, factors that are believed to fuel the market growth of epoxy hardeners include the increasing inclination towards eco-friendly epoxy hardeners, notably in the energy sector. Furthermore, epoxy hardeners are known for their excellent adhesion properties and ability to withstand extreme temperatures and harsh environments. For instance, in April 2020, Chemical Process Services Ltd. (CPS) researched and developed a new series of “green” epoxy hardeners named Furalkamines, a new form of Mannich base epoxy hardeners derived from pentosane-rich biomass.