The zinc rich 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.
Zinc Rich 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 zinc rich primer market size has grown strongly in recent years. It will grow from $1.3 billion in 2023 to $1.38 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to industrialization growth, advancements in coating technology, rising infrastructure needs, increased environmental regulations, and the expansion of the automotive and marine industries.
The zinc rich primer market size is expected to see strong growth in the next few years. It will grow to $1.77 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to increased infrastructure development, rising industrial activities, stringent anti-corrosion regulations, growth in the marine and oil & gas sectors, and advancements in coating technologies. Major trends in the forecast period include increased adoption of eco-friendly formulations, advancements in high-performance coatings, growth in emerging markets, rising demand in the renewable energy sector, and innovations in application techniques.
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Scope Of Zinc Rich Primer Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Zinc Rich Primer Market Overview
Market Drivers –
The increasing building and construction sector is expected to propel the growth of the zinc-rich primer market going forward. The increase in the building and construction sector are in light with the rising urbanization, increased demand for housing, infrastructure upgrades, favorable government policies, and advancements in construction technology. Zinc-rich primers help the building and construction sectors by providing superior corrosion protection, extending the lifespan of structures, and reducing maintenance costs. For instance, in July 2024, according to the US Census Bureau, a US-based government agency, the value of construction operations rose from $2.01 trillion in May 2023 to $2.14 trillion in May 2024. Therefore, the increase in the building and construction sector is driving the growth of the zinc-rich primer market.
Market Trends –
Major companies operating in the zinc-rich primer market are focused on developing advanced eco-friendly solutions such as VOC-free powders to enhance environmental sustainability and meet regulatory standards. VOC-free powders are environmentally friendly coatings that eliminate volatile organic compounds, ensuring safer application while maintaining high performance and durability. For instance, in August 2024, PPG Industries Inc., a US-based paint and coating manufacturing company, launched PPG Primer, an optimal powder primer with optimized zinc. The optimal primer boasts a lower specific gravity of 2.0 than traditional zinc-rich primers, making it lighter and easier to apply, while its 85% transfer efficiency significantly reduces material usage and costs. This innovative primer is solvent-free, minimizing VOC emissions, and provides enhanced adhesion and corrosion resistance, especially in coastal environments. With a superior balance of properties, PPG PRIMERON Optimal exemplifies PPG’s dedication to sustainable solutions and advancements in powder coating technology, as noted by Shelley Verdun, business manager for powder coatings.
The zinc rich primer market covered in this report is segmented –
1) By Type: Epoxy Zinc Rich Coatings, Chlorinated Rubber Zinc Rich Coating, Vinyl Resin Zinc Rich Coating, Polyurethane Zinc Rich Coating
2) By Application: Steel Tanks, Offshore Platforms, Bridges, Refineries, Petrochemical And Power Plants, Railcar Coating, Other Applications
3) By End User: Automotive, Marine, Oil And Gas, Construction, Infrastructure
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Regional Insights –
Asia-Pacific was the largest region in the zinc rich primer market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the zinc rich primer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the zinc rich primer market are The Sherwin-Williams Company, PPG Industries Inc., Akzo Nobel N.V., Sika AG, Axalta Coating Systems, Kansai Paint America Inc., Hempel A/S, MBCC Group, Berger Paints Nigeria Plc, Tnemec Company Inc., Nippon Paint Holdings Co Ltd., Dulux Protective Coatings, Altex Coatings Ltd., Promain, Cromax, Hypo Group, Archify, Metoree, Noelson Chemicals, ProXL, Rust Bullet Australia, Tikkurila Oyj, Toa-chugoku Paints Co Ltd., US Coatings, Zigma Paints Pvt Ltd
Table of Contents
1. Executive Summary
2. Zinc Rich Primer Market Report Structure
3. Zinc Rich Primer Market Trends And Strategies
4. Zinc Rich Primer Market – Macro Economic Scenario
5. Zinc Rich Primer Market Size And Growth
…..
27. Zinc Rich Primer Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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