Product Code: ETC4477705 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India curing agents market import shipment experienced a slight decline with a negative CAGR from 2020 to 2024. Moreover, there was a notable downturn in growth rate between 2023 and 2024. The market showed signs of slowing down, indicating a decreasing trend in import volumes over the specified period.
The curing agents market in India is closely tied to the adhesives, coatings, and composites industries. These agents facilitate the curing or hardening of various materials, such as epoxy resins. With rapid industrialization, infrastructure development, and a burgeoning automotive sector in India, the demand for curing agents is steadily increasing, reflecting the growth potential of this market.
The India curing agents market is influenced by the growth in the epoxy resins industry. Curing agents are crucial for cross-linking and hardening epoxy resins in various applications, including adhesives, coatings, and composites. The expansion of end-user industries like construction, aerospace, and electronics is a driving force behind the demand for curing agents.
The curing agents market faces challenges related to ensuring the proper curing of coatings, adhesives, and composites in various environmental conditions. Developing curing agents that can withstand extreme temperatures and humidity while meeting regulatory standards is a complex task. Market players must also focus on the sustainability of their products.
The curing agents market was also affected by COVID-19, especially in the construction and automotive sectors. The demand for these agents is expected to rebound as these industries recover, with a potential emphasis on faster and more environmentally friendly curing solutions.
In India curing agents market, prominent companies such as Atul Ltd., BASF India Ltd., and Huntsman International (India) Pvt. Ltd. have a significant presence. These companies specialize in providing a wide range of curing agents for various applications, including adhesives, coatings, and composites. They offer innovative solutions and maintain a strong market position through continuous research and development.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Curing Agents Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Curing Agents Market Revenues & Volume, 2021 & 2031F |
3.3 India Curing Agents Market - Industry Life Cycle |
3.4 India Curing Agents Market - Porter's Five Forces |
3.5 India Curing Agents Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Curing Agents Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Curing Agents Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for curing agents in various industries such as construction, automotive, and electronics due to rapid urbanization and industrialization in India. |
4.2.2 Increasing investments in infrastructure development projects by the government, leading to higher consumption of curing agents. |
4.2.3 Rising awareness about the benefits of using curing agents to enhance durability, strength, and performance of materials in different applications. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in the manufacturing of curing agents, impacting the overall production costs. |
4.3.2 Stringent environmental regulations and concerns about the use of certain types of curing agents, leading to a shift towards eco-friendly alternatives. |
4.3.3 Intense competition among market players leading to price wars and margin pressures in the India curing agents market. |
5 India Curing Agents Market Trends |
6 India Curing Agents Market, By Types |
6.1 India Curing Agents Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Curing Agents Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Curing Agents Market Revenues & Volume, By Epoxy, 2021-2031F |
6.1.4 India Curing Agents Market Revenues & Volume, By Polyurethane, 2021-2031F |
6.1.5 India Curing Agents Market Revenues & Volume, By Silicone Rubber, 2021-2031F |
6.1.6 India Curing Agents Market Revenues & Volume, By Others, 2021-2031F |
6.2 India Curing Agents Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Curing Agents Market Revenues & Volume, By Coatings, 2021-2031F |
6.2.3 India Curing Agents Market Revenues & Volume, By Electrical & Electronics, 2021-2031F |
6.2.4 India Curing Agents Market Revenues & Volume, By Composites, 2021-2031F |
6.2.5 India Curing Agents Market Revenues & Volume, By Adhesives, 2021-2031F |
6.2.6 India Curing Agents Market Revenues & Volume, By Construction, 2021-2031F |
6.2.7 India Curing Agents Market Revenues & Volume, By Wind Energy, 2021-2031F |
7 India Curing Agents Market Import-Export Trade Statistics |
7.1 India Curing Agents Market Export to Major Countries |
7.2 India Curing Agents Market Imports from Major Countries |
8 India Curing Agents Market Key Performance Indicators |
8.1 Adoption rate of eco-friendly curing agents in the Indian market. |
8.2 Number of new product innovations and technological advancements in the curing agents industry. |
8.3 Growth in demand for customized curing agents tailored to specific industry requirements. |
8.4 Investment in research and development activities focused on improving the efficiency and performance of curing agents. |
8.5 Rate of penetration of curing agents in emerging applications and industries in India. |
9 India Curing Agents Market - Opportunity Assessment |
9.1 India Curing Agents Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Curing Agents Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Curing Agents Market - Competitive Landscape |
10.1 India Curing Agents Market Revenue Share, By Companies, 2024 |
10.2 India Curing Agents Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |