Global Epoxy Coating Market is estimated to reach USD 41.71 billion by 2024 owing to the growing expenditure on commercial and residential construction in emerging economies across the world. Epoxy is a sealant used for concrete flooring. They are made with best hardening material for any kind of epoxy resin and are well known their quick-drying ability, protective coating and toughness.
As compared to the customary heat cured powder coatings, epoxy coatings can be easily applied, which makes them ideal for a wide range of applications like garage bay floors to concrete protection. Besides, epoxy coatings are applied for concrete repairing, protective equipment coating and anti-corrosive coatings. Overall, epoxy coatings safeguards steel and concrete from corrosion by alkalis and acids, salts and other corrosive factors.
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Due to the advantages of epoxy coatings in safety, health and environment, water-borne epoxy coatings are mostly used in applications like building & construction, commercial and transportation. The amplified use of electronic elements in automobiles is one of the major driving forces of epoxy coating industry.
Water-borne epoxy coatings hold properties like toughness, mechanical strength with thermal and electrical features enable the broad use of water-borne epoxy coatings in numerous industries. Besides, wind energy and aerospace industries are also extensively demanding water-borne resin composites, which is expected to drive epoxy coating market in the coming years.
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Epoxy coating industry is also majorly driven by the growth in coating additives industry. Epoxy coatings are used in different applications like paints and construction. Furthermore, they improve strength, chemical resistance, aesthetics and performance of coatings. In construction industry, epoxies are widely used as adhesives in several forms like epoxy primer and epoxy glue. Rise in demand of additives in several applications because of its performance improvement property is also driving the market positively.
The key trends observed in the market comprise properties like corrosive chemicals, heat, and excellent resistance to ultraviolet light among others. Additionally, epoxy coatings also hold features like exceptional adhesion to metal surface, fibers, glass and remarkable dimensional ability which are expected to fuel epoxy coating market in near future. Nevertheless, strict government regulations to control air pollution and epoxy coatings technology that produce low pollutants are predicted to stimulate the market in future.
However, low performance of epoxy coatings in exterior application and sluggish growth observed in developed economies is expected to be a downside of the market. Besides, extensive growth in end-use industries and low interest on housing loan are anticipated to drive the market in the years to come.
Epoxy coating industry is categorized on the basis of type, application and geography. On the basis of type, the market is divided into powder-based, waterborne, and solvent borne. Waterborne type is predicted to be the fastest groin segment in the industry owing to high toughness and mechanical strength with electrical & thermal properties.
Based on application, epoxy coating market is divided into construction, industrial, transportation, automobile, and paints & coatings. Owing to the growing industrialization and commercialization in the developing Asia Pacific economies, construction and industrial sector is expected to hold larger share in the forecast period.
Geographically, the industry is segmented as North America, Europe, Asia Pacific and RoW. Asia Pacific followed by North America and Europe are expected to dominate the market due to industrial development in the years to come. The key vendors in epoxy coating industry include Akzo Nobel, Axalta Coating Systems, BASF, PPG Industries, KANSAI PAINT, The Sherwin-Williams Company, Berger Paints India, Nippon Paint, Tikkurila, and RPM International.
The global paint additives market is expected to reach USD 10.9 billion by 2025.
Growing use of paints and coatings in the construction and the automotive sectors due to highly preferred solvent properties are major growth factors.
Other factors such as increase in the expenditure on construction activities and rise in the adoption of paints and coatings in automotive sector, are fueling growth of the paint additives market, mainly in developing economies across the globe.
Paint additives market is expected to witness 6% CAGR in the forecast period.The stringent laws and regulation against harmful effects of paints and coating on environment are compelling market players to adopt environment-friendly paints and coatings additives that complies with the regional and international regulations.
With the development of low cost solutions to avoid the use of volatile organic compounds is contributing to the market expansion in upcoming years.Request Sample Copy of This Market Research @ https://www.millioninsights.com/industry-reports/paint-additives-market/request-sampleNumber of international and local governing agencies are regulating the use of paints and addictive such as European union (EU), and national institute for occupational safety and health (NIOSH).
These regulations allow industries to avoid dangers of adverse chemical and physical effects along with the use of raw materials and storage equipment.Paint and coating additives consists of a variety of elements that are added into polymer resins, dyes, varnishes and other materials in order to change their specific properties as per the requirements.
The epoxy coating which is strong adhesion, resistance to UV light, chemicals, corrosion, and heat is derived from epoxy resin which has extreme toughness and excellent dimensional stability.
Increasing investment by government and market leaders for producing eco-friendly epoxy coatings and increasing demand for durable coatings expected to drive the demand for epoxy coatings over the forecasted period.
What's Trending in Market:Emphasizing On Fusion Bonded Epoxy CoatingsIncreasing Demand for Chemical Resistant and Durable CoatingsChallenges:Adverse Effect on Environment Associated with Waterborne Epoxy CoatingsRestraints:Fluctuating Raw Material PrizesLow Performance of Epoxy Coatings for Outdoor ApplicationsMarket Growth Drivers:Increasing Demand for Green Epoxy Floor CoatingsDevelopment in Bio-Based Epoxy CoatingsLess Maintenance Cost Associated with Epoxy Coated SurfaceGlobal Epoxy Coating Market Development Scenario by Players Ø Financials Information, Business Overview and Product Specification Matrix Ø Patent Analysis Briefing* [if applicable] Ø No.
of Patents Issuance by Year / by Players / By Issuing Office Ø Key Development – Product/Service Launch, Mergers & Acquisition, Joint Ventures Epoxy Coating Market Competition Each company profiled in the research document is studied considering various factors such as product and its application portfolios, market share, growth potential, future plans, and development activity.
Yes, we can add or profile new company as per client need in the report, provided it is available in our coverage list as mentioned in answer to Question 1 and after feasibility run final confirmation will be provided by research team checking the constraints related to difficulty of survey.
2) Can we narrow the available business segments?
This research shows how important in-depth analysis should be and how it can greatly affect the quality of information provided to readers.
In addition, the report also considered the impact of the new COVID-19 pandemic on the Epoxy Coating market and made a clear assessment of the expected market fluctuations during the forecast period.The Epoxy Coating market report examines the depth and potential of expansion drivers.
Challenges, unique trends and opportunities faced by market participants enable readers to fully understand the major manufacturers included in the Epoxy Coating market landscape reports, as well as market share, inventory data and decisions, Contact information, sales, capacity, production, price, cost, revenue and business overview.
The main goal of the Industry Top Epoxy Coating report is to provide key information on the positioning of competitors, current trends, market potential, growth rates and related alternative statistics.Top Key Players covered in this report are: AkzoNobel N.V., The Sherwin-Williams Company, Axalta Coating Systems LLC, Berger Paints India Limited, BASF SE, Valspar, Nippon Paint Company Limited, KANSAI PAINT CO., LTD, Berger Paints India Limited, PPG Industries Inc., RPM International Inc., Tikkurila OYJ, The Sherwin Williams Company, PPG Industries.Epoxy coating market is segmented on the basis of technology and application.
The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.On the basis of type, the epoxy coating market is segmented into waterborne, solvent borne andpowder-based.The application segment for the epoxy coating market is segmented into construction, adhesives, transportation, paints & coatings, general industrial, electrical & electronics and others.This Report Lets You Identify the Opportunities In Epoxy Coating Market Size by Means Of A Region:North America (the United States, Canada and Mexico)Europe (Germany, UK, France, Italy, Russia and Turkey, etc.
)The Middle East and Africa (North Africa and GCC Countries)Key Insights that Study is going to provide:The 360-degree Epoxy Coating market overview based on a global and regional levelA separate chapter on Epoxy Coating market Entropy to gain insights on Leader’s aggressiveness towards market.Competitors – In this section, various Epoxy Coating industry leading players are studied with respect to their company profile, capacity, product portfolio, price, and revenue.Market Share & Sales Revenue by Key Players & Emerging Regional CompaniesPatent Analysis No of patents / Trademark filed in recent years.Customization Available: Global Epoxy Coating MarketData Bridge Market Research is a leader in consulting and advanced formative research.
