Research Methodology on Curing Agent Market
The primary objective of this research is to provide a comprehensive outlook of the global curing agent market report covering market size, segmentation, dynamics, trends, growth drivers, restraints, and potential opportunities in various regions.
Research Methodology
Market Research Future (MRFR) uses a variety of methodologies for collecting, analyzing, and interpreting data and market insights to prepare a comprehensive study and evaluate the market outlook of the global curing agent market. To determine the CAGR of the market, historic and current trends have been considered while forecasting future market trends. MRFR uses primary and secondary research for gathering data from market participants using experienced professionals and verifies the same with triangulation techniques that are employed for validation purposes.
Primary Research
Primary research is the most significant component of the overall research methodology. The primary purpose of primary research is to ascertain current market values and dynamics with the help of interviews and surveys. It helps to determine the stakeholders’ responses and reactions to new products and new initiatives. Primary research also helps to facilitate detailed discussions on factors such as technology, competition, market potential, customer preferences, and many more.
Industry professionals, opinion leaders, industry experts, key opinion leaders (KOLs), and technical professionals were some of the primary participants in the survey conducted for collecting the qualitative and quantitative data. The survey was conducted using online surveys, telephonic surveys, and face-to-face structured interviews.
Secondary Research
Secondary research is the second most dominant form of research and helps to back up the assumptions made as part of the primary research process. It also helps to determine the secondary drivers and hindrances that may have an impact on the present market scenario. It provides data on the prevalent trends and environmental regulations that might influence the market. Through secondary research, it is easier to gain insights which have already been published by established websites, books and print media, and economic/governmental as well as non-governmental organizations (NGOs).
Research and Analysis Method
For the study, Bottom-Up and Top-Down approaches have been used for analyzing and estimating the market size based on quantitative and qualitative data gathered through primary and secondary research. This estimate has been further validated through primary research responses curated by MRFR's panel of industry experts.
MRFR also uses both demand-side and supply-side data triangulation approaches for verifying and validating the accuracy of the information sourced from both primary and secondary sources. Demand side triangulation includes interviewing clients to find out their current preference and speed of buying and which end users had been surveyed by the MRFR team. Supply-side triangulation includes talking to potential market participants, key opinion leaders, and associated vendors in the industry for validating the supply chain stages and the role played by them.
The information gathered through the triangulation process was further filtered through various analytical methods such as Factor Analysis, Time Series Analysis, and others. The market was thoroughly divided into various segments, and a comprehensive analysis was conducted to determine the segment outlook and opportunities. After vetting and excluding the data from numerous sources, the figure was derived. The figures arrive at by our research analysts and subject matter experts provide a benchmark for estimating the market size and expectations across various regions.
Business Model Analysis
The comprehensive report on the global curing agent market aims at providing an umbrella view (market assessment) of the market, which includes gauging the product and services prices, end-user application trends, market value chain, and other dynamics that will influence the growth and scope of the market over the forecast period of 2023 to 2030.
Scope of the Report
The global curing agent market is studied and analyzed in terms of offering market size, growth opportunity, attractive segments, regional outlook, important types, and end-user analysis. The market study further scrutinizes the market at the regional, country, type, and application levels. At the country/regional/type level, it performs the market value and volume analysis by analyzing historical data and future prospects. At the market segment level, it studies the market estimations.
Market Segmentation
The report is segmented into four major dynamics and each segment is further divided to analyze the market in detail.
- By Type: Epoxy Resin & Polyfunctional Hardener
- By End-User : Automotive & Aerospace, Industrial, Electrical & Electronics, Printing Inks & Coatings, and Others
- By Region: North America, Europe, APAC, and Rest-of-the-world (RoW)
Global Curing Agent Market - Regional Analysis
The curing agent market is studied for four main regions, namely, North America, Europe, Asia-Pacific, and the rest of the world. North America has held the largest share of the market due to the presence of various manufacturers in the region. The rapid growth of infrastructure development and the automotive industry, such as the higher adoption of electric and hybrid vehicles with advanced fuel-efficient technologies has supplemented the growth of the curing agent market in the region.
The Asia-Pacific region is to witness the highest CAGR during the forecast period due to increasing production of large aircraft, such as the Airbus A-320, A-380, and the Boeing 777-XL in countries such as India, Japan, and China, which is expected to drive the curing agent market in the region.
The large number of research and development activities, along with government support in the region is promoting the development of new curing agents with enhanced properties, which is further supplementing the demand for curing agents in the region.
Conclusion
The global curing agent market is expected to witness healthy growth during the review period 2023 to 2030. Factors such as innovative product offerings from suppliers, technological advancements, and numerous government initiatives and regulations are anticipated to further propel the growth of the global curing agent market during the forecast period. Government-initiated initiatives such as the introduction of the European Union Regulation on Biocidal Products, low VOC regulations, and green chemistry policies, in various countries such as Canada, Japan, Europe, and the US, are expected to further propel market growth. Moreover, the growing demand for coating and adhesives due to their safe and rapid functioning & growth of end-user industries, such as automotive, aerospace, industrial manufacturing, electrical & electronics, printing & inks, and others, is expected to propel the growth of the curing agent market during the forecast period 2023 to 2030.