The epoxy primer global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Epoxy Primer Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The epoxy primer market size has grown strongly in recent years. It will grow from $10.22 billion in 2023 to $10.95 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. 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 $14.58 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. 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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Scope Of Epoxy Primer Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Epoxy Primer Market Overview
Market Drivers –
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.
Market Trends –
Technological advancement is a key trend gaining popularity in the epoxy primer market. Major companies operating in the epoxy primer sector are focused on adopting new technological solutions to sustain their position in the market. For instance, in December 2021, Applied Graphene Materials, a UK-based chemicals company launched a line of anti-corrosion epoxy primers that use its Genable technology. The Genable Epoxy primer is a C3-rated hybrid product offering synergy benefits by combining graphene with a zinc phosphate additive for standard applications in urban and industrial environments. It offers improved performance and protection against corrosion in harsh environments such as offshore and marine applications.
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
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Regional Insights –
Asia-Pacific was the largest region in the epoxy primer market in 2023. Asia-Pacific 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.
Key Companies –
Major companies operating in the epoxy primer market include 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
Table of Contents
1. Executive Summary
2. Epoxy Primer Market Report Structure
3. Epoxy Primer Market Trends And Strategies
4. Epoxy Primer Market – Macro Economic Scenario
5. Epoxy Primer Market Size And Growth
…..
27. Epoxy Primer Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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