Market Overview
Epoxy Coatings Market are durable coatings, which are generally formed by chemical reaction, using a polyamine hardener and an epoxide resin. It is generally manufactured with the help of a process called curing. It has compounds, which are used as paints and coatings. Epoxy coatings are extensively used to produce resins and adhesives. These coatings are used in combination with steel and concrete to give them alkali, water, and acid resistance and find application in the automotive and industrial sectors. The global epoxy coatings market, as per a report by Market Research Future (MRFR) is touted to register a CAGR of 6% during the forecast period (2019-2025).
Epoxy coatings are high in demand from the building and construction industry. These coatings are highly used for protective coating and quick-drying for metal, floors, and other materials. They are used as epoxy floor paints in commercial and industrial for floor applications. Epoxy coatings are also used over concrete floors in industrial and commercial applications like in commercial and retail stores, airplane hangars, manufacturing plants, industrial plants, showrooms, hospitals, and garages. With the recent boom in construction activities, the market is estimated to gain prominence across the globe.
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The increased focus by the regional governments to reduce the content of VOC in the epoxy-based paints and coatings, especially in developed countries like Europe and the U.S. will accelerate the market growth in the foreseeable future. The product is also used to improve the shelf-life of structural steel, which is predicted to increase the adoption of the product in the coming years.
Global Epoxy Coatings Market: Segmental Analysis
The global epoxy coatings market has been segmented on the basis of technology and end use industry.
By technology, the epoxy coatings market is segmented into water-borne, solvent-borne, and powder. Among these, the water-borne segment will gain prominence as it is considered eco-friendly and is high in demand from the architectural sector.
The end use industry comprises industrial, building & construction, consumer goods, automotive & transportation, and others. Of these, the construction segment is predicted to gain prominence due to booming construction activities across the globe. The growing use of epoxy coatings in industrial, residential, and commercial construction will drive its demand in the segment. Moreover, attributes like corrosion resistance, chemical resistance, and adhesion to substrates will impact the market demand positively in the construction segment.
Regional Frontiers
Geographically, the epoxy coatings market spans across Europe, Asia Pacific, Latin America, North America, and the Middle East & Africa.
Considering the global scenario, the Asia Pacific held the largest share of over 40% in 2018 and is likely to retain its growth in the long run. The booming automotive, building and construction, and consumer goods industries are the primary growth stimulants of the regional market. In this region, China is considered the largest producer of epoxy resins and is the leading consumer for epoxy coatings. Developments in the construction sector, especially in countries like India and China, along with the recent boom in the construction activities in the Southeast Asian countries will create new growth opportunities for the regional market in the foreseeable future.
The automotive sector in China, India, Thailand, and Japan are the primary consumers of epoxy coatings. The automotive sector, along with the automotive aftermarket in the APAC is the largest across the globe, which further triggers the demand from the epoxy coatings market. Rising spending coupled with surging per capita income of the individuals will encourage the market growth across the globe.
Europe holds a considerable share in the global market. The growth can be credited to the surging investments by the paints and coatings companies in enhancing and expanding their manufacturing facilities. Epoxy coatings are environment-friendly, which will further drive its growth in the region.
Industry Updates
August 2019: PPG has recently declared the launch of PPG AQUAPON WB EP water-based epoxy coating, which features an ultra-low and fast-drying VOC formulation. This all-new product in the PPG Aquapon line has been specifically designed for high-traffic interior spaces.
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Competitive Dashboard
The top players operating in the epoxy coatings market include
PPG Industries Inc (US)
BASF SE (Germany)
Valspar (US)
KANSAI PAINT CO.
LTD (Japan)
Akzo Nobel NV (Netherlands)
NIPSEA GROUP (Singapore)
Axalta Coating Systems LLC (US)
The Sherwin-Williams Company (US)
RPM International Inc. (US)
Hexion (US)
Berger Paints India Limited (India)
and Tikkurila (Finland).
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Epoxy Surface Coatings market is segmented by region (country), players, by Type, and by Application.
Players, stakeholders, and other participants in the global Epoxy Surface Coatings market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2015-2026.Segment by Type, the Epoxy Surface Coatings market is segmented into:Solid CoatingLiquid CoatingDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/59369/global-united-states-epoxy-surface-coatings-2026-413Segment by Application, the Epoxy Surface Coatings market is segmented into:ElectricalMetal CansMarineOil and GasConsumer GoodsRegional and Country-level Analysis:The Epoxy Surface Coatings market is analysed and market size information is provided by regions (countries).The key regions covered in the Epoxy Surface Coatings market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.Competitive Landscape and Epoxy Surface Coatings Market Share Analysis:Epoxy Surface Coatings market competitive landscape provides details and data information by players.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.
You need a floor that can withstand traffic as well as any environmental dangers that the workplace may bring.
Thankfully, you can improve the protection of your current concrete floor.Industrial epoxy concrete coatings Brings Your Existing Industrial Flooring to the Next LevelIn a couple of hours, you may transform your existing concrete into a trendy epoxy floor system.Most complete concrete floors may be transformed into epoxy floors with a heavy layer of epoxy coating - two millimeters or more.
The epoxy method consists of two coatings, epoxy resin and a polyamine hardener, which must cure after application.After that, you may enjoy the benefits of epoxy.Consider the following reasons why so many industrial establishments are switching to Industrial epoxy concrete coatings for their operations: An Epoxy Floor Lasts for the Long TermIn low activity areas, your epoxy floor may be expected to endure up to 30 years.
Even in heavy duty industrial and commercial establishments, with regular maintenance, it may last for more than 20 years.
Most cleaning and maintenance tasks take only a few minutes and will not interfere with your day-to-day operations.
Epoxy Flooring is Cost-EffectiveAlthough epoxy can usually be placed over existing flooring, you may save thousands of dollars on flooring repairs.
