Global epoxy primer market is expected to registering a substantial CAGR of 5.25% in the forecast by 2026
Definition:
Epoxy primer refers to sealer that is a non-porous finish.
It is primarily recommended as the first base coat over bare steel. These base
coats or epoxy primers can be used over fiberglass, plastic or the black iron
phosphate coating. Epoxy primers are used for a wide variety of
materials due to their strong adhesion, good mechanical ability, and
durable chemical resistance in wet and high-humidity environments. The ability
of an epoxy primer to resist corrosion is related to its thickness; the
thicker the epoxy primer layer, the better the protection.
Analysis of Global epoxy primer
market report:
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.
Rising demand of epoxy primer in various applications is the major factor for
the growth of this market.
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Market Drivers:
·
Rising demand of epoxy primer to reduce the damage caused by
corrosion is driving the growth of this market
·
Increasing usage of epoxy primer in various applications will
drive the market growth
·
Increasing government investment in infrastructural
development is boosting the growth of the market
·
Growth in automotive and construction industry will also
drive the market growth
Market Restraints:
·
Strict environment regulations is restraining the growth of
this market
·
High price of the raw material is another factor restraining
the growth of this market
Leading Key players profiled in this
report are:
Few of the major competitors currently working in global
epoxy primer market are PPG Industries, Inc, Akzo Nobel N.V., The
Sherwin-Williams Company, Axalta Coating Systems, BASF SE, Nippon Paint (India)
Company Limited., Jotun, Asian Paints, Kansai Paint Co.,Ltd., 3M, Hempel Group,
RPM International Inc., TIKKURILA OYJ, Berger Paints India Limited, CARPOLY.,
Sika AG, Diamond Vogel., TOA Performance Coating Corporation Co., Ltd., Chugoku
Marine Paints, Ltd., NOROO Paint & Coatings Co Ltd.
Global epoxy primer market Segmentation:
By Substrate
·
Metal
·
Concrete &Masonry
·
Fiberglass
·
Others
By Application
·
Building & Construction
·
Automotive
·
Marine
·
Machinery &Equipment
·
Others
By Technology
·
Solvent-Borne Technology
·
Waterborne Technology
By Type
·
Pure Epoxy Paint
·
Modified Epoxy Paint
By Geography
·
North America
·
South America
·
Europe
·
Asia-Pacific
Competitive Analysis:
Global epoxy primer market is highly fragmented and the
major players have used various strategies such as new product launches,
expansions, agreements, joint ventures, partnerships, acquisitions, and others
to increase their footprints in this market. The report includes market shares
of epoxy primer market for Global, Europe, North America, Asia-Pacific, South
America and Middle East & Africa.
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The Global epoxy primer market report provides the global
market size of the main players in each region. Moreover, the report provides
knowledge of the leading markets players within the Global epoxy primer market.
The industry changing factors for the market segments are explored in this
report. This analysis report covers the
growth factors of the worldwide market based on end-users. Market opportunities
and recommendations for new investments are also encompassed in this report.
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