The Global Epoxy Primer Market holds the potential to reach US$XX million by 2027. Epoxy is the most popular choice in antirust primers as it forms a strong, adherent, and impervious layer around the metal structure so that the rust cannot reach the metal surface and weaken it. Epoxy resin is 50 times stronger than regular red oxide metal primers these properties of epoxy primer have created many lucrative opportunities for the key players operating in construction industries. Epoxy products are available as 2-pack systems, and now also available as single pack systems which further eases the use of epoxy primer in a wide range of constructions and automotive applications.
Epoxy primers are also commonly used to coat metal cans and containers, especially for food products that contain acidic food. High demand from various applications such as in metal, wood, fiberglass, concrete & masonry and the increasing need to reduce the loss caused by corrosion are driving the market growth. The rising focus on construction industries as well as development in emerging economies countries like India, China, Saudi Arabia, South Korea, and Malaysia have boosted the epoxy primers market in building & construction applications.
The fluctuation in raw materials and stringent government regulations for toxic chemicals restrain the epoxy primer market. European Inventory of Existing Commercial Substances (EINECS) includes policies for classification (GHS) and labeling of chemicals to protect the environment from the dangerous effects of substances. The market in Europe and North America is sluggish because of these environment stringent policies.
The report covers the in-depth analysis of market key players with their market share, primary and secondary forecast data analysis to 2027. The global epoxy primer market is growing in developing economies because of favorable government policies and market penetration of manufacturers, dealers, and suppliers of epoxy primer. The rationals behind the Covid-19 impact on various regions are mentioned in the report. Organic and inorganic macro and micro-economies factors in terms of value and volume are covered in the report.
Global Epoxy Primer Market Segment Analysis
Global Epoxy Primer Market
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Metal segment was dominantin 2019, and is expected to maintain its position during the forecast period.
By Substrate, the metal segment is expected to grow with a CAGR of xx% during the forecast period. The rising adoption of epoxy primer in aviation, marine, automotive, energy infrastructural structures, oil & gas industry is driving the market growth. In automotive and marine industries there is a high demand for epoxy resin to reduce the long-term maintenance cost as it provides excellent resistance and adhesion to chemicals and corrosion.
Building & Construction industry holds the largest market share of xx% in 2019 and is growing at a CAGR of xx% during the forecast period.
By End-Use Industry, infrastructure development in developing economies is boosting the market growth. The epoxy primer is used for flooring and coating applications on masonry and concrete resulting in a tremendous demand for epoxy resin.
Global Epoxy Primer Market Regional Insights:
Global Epoxy Primer Market1
The market in Asia pacific was dominantin 2019 and is expected to grow at a CAGR of xx% during the forecast period.
The Asia Pacific epoxy primer market is expected to grow at a CAGR of xx% during the forecast period. The increasing FDI investment in countries like India, China, Malaysia, Saudi Arabia, South Korea, and Vietnam has encouraged many manufactures to build new state-of-art facilities in these regions. The epoxy primer market in North America is growing because of expansion in the automotive industry as well as the vehicle demands are high in countries like the US and Canada. Rising import and export industries result in a growth of the transportation industry this has created many lucrative opportunities for the key players operating in the epoxy primer market. Europe is leading in the epoxy primer market the market growth is attributed to rising disposable income and key player’s investment in automotive industries. It is expected that Germany leads the epoxy primer market with a CAGR of xx% during the forecast period. With the growing consumer's awareness towards health’s and limited applications industries, the Epoxy Primer market in South America followed by Middle East & Africa is projected to expand at a sluggish pace during the forecast period.
The objective of the report is to present a comprehensive analysis of the global Epoxy Primer market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding global Epoxy Primer market dynamics, structure by analyzing the market segments and project global Epoxy Primer market clear representation of competitive analysis of key players by price, financial position, by detection and equipment portfolio, growth strategies, and regional presence in the global Epoxy Primer market make the report investor’s guide.
Scope of the Epoxy Primer Market: Inquire before buying
Global Epoxy Primer Market, by Application
• Off-shore platforms
• Oil & gas industry machinery
• Construction equipment
Global Epoxy Primer Market, by Substrate
• Concrete & masonry
Global Epoxy Primer Market, by Technology
Global Epoxy Primer Market, by Region
• Asia Pacific
• North America
• South America
• Middle East & Africa
Global Key players operating in Epoxy Primer Market
• PPG Industries, Inc.
• Akzo Nobel N.V.
• Axalta Coating Systems
• BASF SE
• Nippon Paint Holdings Co., Ltd.
• Jotun Group, Asian Paints Ltd
• Kansai Paints Co. Ltd
• 3M Company
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