Overview and Scope
Epoxy primer refers to a sealer with a non-porous finish that is used on a wide range of materials due to its strong adhesion, good mechanical ability, and long-lasting chemical resistance in wet and high-humidity environments. The thickness of an epoxy primer determines how well it can protect the material against corrosion. Epoxy primer is used as the first base coat over bare metal.
Sizing and Forecast
The epoxy primer market size has grown strongly in recent years. It will grow from <b>$10.22 billion in 2023 to $10.95 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. </b> The growth in the historic period can be attributed to infrastructure development, corrosion prevention, industrialization, advancements in formulations, demand from automotive and aerospace sectors.
The epoxy primer market size is expected to see strong growth in the next few years. It will grow to <b>$14.58 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. </b> The growth in the forecast period can be attributed to emerging markets, regulatory compliance, defense and military applications, sustainable coatings, renewable energy infrastructure. Major trends in the forecast period include high-performance epoxy primers, waterborne epoxy primers, concrete substrate priming, hybrid epoxy primers, nanotechnology in epoxy primers.
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Segmentation & Regional Insights
The epoxy primer market covered in this report is segmented –
1) By Substrate: Metal, Concrete And Masonry, Fiberglass, Other Substrates
2) By Technology: Solvent-Borne, Waterborne
3) By Application: Building And Construction, Automotive, Marine, Machinery And Equipment, Other Applications
<b>Asia-Pacific</b> was the largest region in the epoxy primer market in 2023. <b>Asia-Pacific</b> is expected to be the fastest-growing region in the epoxy primer market during the forecast period. The regions covered in the epoxy primer market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The booming automotive industry is expected to propel the growth of the epoxy primer market going forward. The automotive industry comprises the companies involved in the design, manufacture, and sale of motor vehicles and related components. Epoxy coatings are frequently used in the automotive sector as primers to increase the adherence of the metal surface since paints in the automotive sector are crucial for resisting corrosion. Hence, the boom in the automotive industry results in an increased demand for epoxy primers. For instance, according to a report shared by the India Brand Equity Foundation, commonly known as IBEF, an Indian government export promotion agency, vehicle production in India was 22.93 million vehicles in 2022. Therefore, the booming automotive industry is driving the growth of the epoxy primer market.
Key Industry Players
Major companies operating in the epoxy primer market include <b> PPG Industries Inc., Akzo Nobel N.V., Sherwin-Williams, Axalta Coating Systems LLC, BASF SE, Berger Paints India Limited, Chugoku Marine Paints Ltd., Hempel A/S, Jotun A/S, Kansai Paint Co. Ltd., Nippon Paint Co. Ltd., RPM International Inc., Tikkurila Oyj, Asian Paints Ltd., Benjamin Moore & Co., Carboline Company, Cloverdale Paint Inc., Diamond Vogel Paints, Dunn-Edwards Corporation, H.B. Fuller Company, International Paint Ltd., J.W. Ostendorf GmbH & Co. KG, KCC Corporation, Krylon Products Group, Mascoat, NPA Coatings Inc., Rust-Oleum Corporation, Tnemec Company Inc., Valspar Corporation </b>
The epoxy primer market report table of contents includes:
1. Executive Summary
2.Epoxy Primer Market Characteristics
3.Epoxy Primer Market Trends And Strategies
4.Epoxy Primer Market analysis
5. Epoxy Primer Market Size And Growth
6.Epoxy Primer Segmentation
7. Epoxy Primer Regional And Country Analysis
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27.Epoxy Primer Competitive Landscape And Company Profiles
28.Epoxy Primer Key Mergers And Acquisitions
29.Epoxy Primer Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- PPG Industries Inc.
- Akzo Nobel N.V.
- Sherwin-Williams
- Axalta Coating Systems LLC
- BASF SE
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The Epoxy Primer market report has been prepared to bring about comprehensive analysis of the market structure along with forecast of the different segments and sub-segments of the market.
The Epoxy Primer market report has been formulated to bring about comprehensive analysis of the market structure along with forecast of the different segments and sub-segments of the market.
Analysis of consumer needs by major regions, types, applications in Global market by considering the past, present and future state of the industry has been conducted.
The report is prepared based on the market type, size of the organization, availability on-premises and the end-users’ organization type.Global epoxy primer market is expected to rise from its initial estimated value by registering a substantial CAGR of 5.25% in the forecast period of 2019-2026.This Epoxy Primer market research report is generated by using integrated approaches and latest technology for the best results.
Analysis and estimation of important industry trends, market size, and market share are mentioned in this Epoxy Primer report.
Various trustworthy sources such as journals, websites, annual reports of the companies, and mergers are used for the gathering of data and information mentioned in this Epoxy Primer report.
The latest report titled ‘Global Epoxy Primer Market’, published by Reports and Data, is furnished with an overall understanding of the global Epoxy Primer market to present a historical analysis of the market, its current scenario, and estimations for the forecast years.
The report lays stress on the factors that influence the growth of the Epoxy Primer industry.
Our team of analysts has implemented a set of avant-garde analytical tools, including Porter’s Five Forces analysis and SWOT analysis, to offer meaningful insights into the future growth prospects of the global Epoxy Primer industry.
The report efficiently evaluates significant market information via both primary and secondary research and derives industry-leading insights to help readers gain an accurate concept of the Epoxy Primer market.Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1832COVID-19 Impact on the Global Epoxy Primer Market The latest research report draws attention to the hostile impact of the ongoing COVID-19 pandemic on the Epoxy Primer market and its vital segments and sub-segments.
Besides offering critical insights into the effects of the coronavirus outbreak on the global economic landscape, the report considers the COVID-19 pandemic as one of the contributing elements for the recent downturn of this business vertical.
The global Epoxy Primer market has been adversely impacted by the pandemic, which has brought about several disruptive changes to the market dynamics and demand trends.
