Cycloaliphatic Amine Curing Agent Market - Forecast(2023 - 2028)

Cycloaliphatic Amine Curing Agent Market Overview

Cycloaliphatic Amine Curing Agent market size is estimated to reach US$290.4 million by 2027, after growing at a CAGR of 6.5% from 2022-2027. Cycloaliphatic amine curing agent are group of curing agents which have good chemical resistance, low viscosity, and provide good mechanical properties at heat cure temperature. The curing agents are of four main type i.e. piperidine, n aminoethylpiperazine, m xylylenediamine, and Menthanediamine. These curing agents are less volatile than linear aliphatic amines and have broad range of applications, like solvent free coatings, ultra-low emission coatings & floorings, chemically resistant linings, adhesives, electrical encapsulation, and filament winding. Hence, due such technical application, they are used in sectors like automotive, construction, power industry, and electronics. Factors like increase in automotive production, growing construction activities and increase in consumption of semi-conductors are driving the growth of  cycloaliphatic amine curing agent market. However, the toxic nature of some curing agents like m xylylenediamine can lead to various health problems, which can restrict their usage. This can hamper growth of global cycloaliphatic amine curing agent industry.

COVID-19 Impact

COVID-19 left a negative impact on the major end users of curing agents like automotive, construction, electronics, and power sector. The measures taken by countries like implementing lockdown, caused lack of availability of labors and basic raw materials which disrupted the industrial activities. For instance, as per, International Organization of Motor Vehicle Manufacturers, in 2020, global automobile production was 77.7 million units showing decrease of 13%. Also, as per, International Construction and Infrastructure Surveys, the construction and infrastructure activities across all regions went down in Q1 of 2020 with China in the Asia-Pacific region having the sharpest workload contraction. Further, as per World Semiconductor Trade Statistics, in 2020, the first quarter sale of semi-conductor in the U.S decreased by 3.6% compared to the same period in 2019. Cycloaliphatic amine curing agent is used in automotive sector for adhesives, in construction sector for coatings and in electronic sector for electrical encapsulation of semi-conductors. The decrease in productivity in these sectors, negatively impacted the demand of curing agents, which declined the growth of global cycloaliphatic amine curing agent industry. 

Report Coverage

The report: “Cycloaliphatic Amine Curing Agent Market Report – Forecast (2022 – 2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Global Cycloaliphatic Amine Curing Agent Industry

By Type – Piperidine, N-aminoethylpiperazine, Menthanediamine, M xylylenediamine and others.
By Grade – Technical Grade and General Grade.
By Application – Adhesives, Primer, Mortars, Filament Winding, Coatings (Solvent Free Coating, Self-Levelling Floor Coating and Ultra-Low Emission Coating), Concrete, Wet Lay-up Laminating and Others.
By End User – Automotive (Heavy Commercial Vehicles, Light Commercial Vehicles and Others), Electronics, Power Industry (Thermal, Wind and Hydro), Aerospace (Commercial Liner and Passenger Liner), Construction (Residential, Commercial and Industrial) and Others.
By Geography - North America (USA, Canada, Mexico), Europe (UK, Germany, France, Italy, Netherland, Spain, Russia, Belgium, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, Rest of South America), Rest of the World (Middle East, Africa).

Key Takeaways

• Asia-Pacific dominates the global cycloaliphatic amine curing agent industry, as the region consists of major end users of curing agents like automotive and construction sector in major economies like China, India and Japan
• Cycloaliphatic amines curing agent have been standard curing agents for civil engineering, coating and composites applications due to their excellent colour stability, good adhesion and good chemical resistance.
• Cycloaliphatic amine curing agent also have high applicability in electronic sector, where they are used for electronic encapsulation of electronic components and semiconductors from moisture, dust and dirt.

Figure: Asia-Pacific Cycloaliphatic Amine Curing Agent Market Revenue, 2021-2027

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Cycloaliphatic Amine Curing Agent Market Segment Analysis – By Grade

Technical grade held a significant share in cycloaliphatic amine curing agent market in 2021, with a share of over 62%. Cycloaliphatic amine curing agent have good chemical resistance and mechanical properties Such rich features make this curing agent to be used in automotive and construction sector for adhesive & coating application, in electronic sector for electrical encapsulation of semiconductors. For instance, as per European Automobile Manufacturer Association, in first nine months of 2021, US automobile manufacturers produced 4.8 million passenger cars showing 10.8% increase from 2020, while Chinese car production was 14 million units showing 10.2% increase for the same period. Also, as per US Census Bureau, in 2021, construction activities increased in US, with residential construction showing an increase of 4.1% in November, up by 1% from 2020. Further, as per Semi-Conductor Industry Association, in 2020, the global sale of the semiconductor industry stood at US$ 439 billion dollars showing 6.5% increase than 2019. The rapid development in these sectors will positively impacted the demand for cycloaliphatic amine curing agent in them, thereby boosting growth of global cycloaliphatic amine curing agent industry.

Cycloaliphatic Amine Curing Agent Market Segment Analysis – By End User

Automotive sector held a significant share in cycloaliphatic amine curing agent market in 2021, with a share of 22%. Cycloaliphatic amine curing agent are used in filament winding process which is used to make automotive driving shafts, and also curing agents like piperidine is used in making automotive parts like shockers. Rapid urbanization and improvement in living standards has increased the demand for new automotive, resulting in increase in their global production level. For instance, as per International Organization of Motor Vehicle Manufacturer, in 2021, world motor vehicle production was 80.1 million units showing 3% increase compared to 2020 production output. Such increase in global production volume of automotive will lead to more usage of cycloaliphatic amine curing agent in making driving shafts and shockers. This will positively impact the growth of global cycloaliphatic amine curing agent industry.

Cycloaliphatic Amine Curing Agent Market Segment Analysis – By Geography

Asia-Pacific held the largest share in cycloaliphatic amine curing agent market in 2021, with a share of over 29%. The region consists of major users of curing agents like automotive and construction sector in major economies like China, India, Indonesia, and Australia. Cycloaliphatic amine curing agent is used in automotive sector for making automotive shafts and for adhesives, while in construction sectors they are used in coatings of steel and concrete floors. The economic development in these nations has led to increase in the industrial output of these sectors. For instance, as per International Organization of Motor Vehicles Manufacturer, in 2021, Asia held 50% share of global automobile production volume, with China producing 26 million units, India 4.3 million units, Thailand 1.6 million units and Indonesia 1.12 million units. Also, as per the State Council for the People’s Republic of China, in July 2021 China has approved projects related to the development of affordable rental homes. Further, as per October reports of Infrastructure Australia 2021, the major infrastructure activity relating to commercial buildings, civil infrastructure, and residential will double in the next three years. Such increase in productivity of these sectors will positively impact the usage of cycloaliphatic amine curing agent like piperidine and m xylylenediamine. This will boost the growth of global cycloaliphatic amine curing agent industry.

Cycloaliphatic Amine Curing Agent Market Drivers

Increase in Production volume of Automotive

The increase in purchase capacity, improvement in living standards, and rapid urbanization have led to an increase in the demand for new automotive vehicles, thereby increasing their production volume. For instance, as per the November 2021 report of the Europe Automobile Manufacturer Association, the new passenger car registration in the first ten months of 2021 increased up to 2.2% with an increase shown in European Union markets like Italy showed 12.7%, Spain showed 5.6% and France showed 3.1%. Cycloaliphatic amine curing agents like Piperdine is used in making automotive shockers and m xylylenediamine is used in making automotive adhesives. The increase in productivity of automotive sectors will lead to more usage of such cycloaliphatic amine curing agents. This will have positive impact on growth of global cycloaliphatic amine curing agent industry.

Growing Construction Activities

Emerging economies, rapid urbanization, and various infrastructural developments undertaken by countries have increased the scale of construction activity. For instance, as per, Japan’s Ministry of Land, Infrastructure, Transport and Tourism, in June 2021, construction order for new houses increased to 32.3% compared to -13.4% in 2020 same month. In 2019 National Development and Reform Commission of China approved 26 infrastructure projects estimated to be completed by 2023. Also, in 2021, Oman’s Ministry of Housing and Urban Planning, launched five new integrated projects that would provide 4800 housing units. Cycloaliphatic amine curing agent like m xylylenediamine, is used in solvent free coating to protect steel from abrasion, and in self-levelling floor coating to create durable low-maintenance flooring surface on concrete floors. The growing construction activities and infrastructure development projects will increase the usage of such cycloaliphatic amine curing agent in coating applications. This will have a positive impact on the growth of the global cycloaliphatic amine curing agent industry.

Cycloaliphatic Amine Curing Agent Market Challenges

Negative effects on Human Health

Exposure to certain cycloaliphatic amine curing agent like m-xylylenediamine can cause health problems such as chemical burns, tissue damage, delayed pulmonary edema, shock and skin sensitization. Moreover, the chemical reaction of m-xylylenediamine with acid, acid chloride and acid anhydrides creates toxic fumes which if inhaled can cause a burning sensation in the respiratory tract, cough, sore throat, labored breathing, and dyspnea. Hence, the toxic effect of m-xylylenediamine can restrict its usage, which can hamper the growth of global cycloaliphatic amine curing agent industry.

Global Cycloaliphatic Amine Curing Agent Industry Outlook

The companies to develop a strong regional presence and strengthen their market position, continuously engage in mergers and acquisitions. In cycloaliphatic amine curing agent market report, the global cycloaliphatic amine curing agent top 10 companies are:

1. Huntsman Corporation
2. Dow Chemicals Company
3. Jiangsu Sanmu Group
4. Cardolite Corporation
5. Aditya Birla Chemicals
6. Evonik Industries
7. Hexion Inc.
8. Gustav Grolman GmBH
9. Kingboard Chemicals Holdings Limited
10. Nan Ya Plastic Corporation

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