Epoxy primer is defined as protective sealing coatings that are applied above the top coats on substrate to enhance the finish of the surfaces. These coatings are utilized in a two-part coating system which is used to enhance the protection of surface against corrosion, water-resistance as well as protecting the surface against signs of oxidation. These primers are majorly utilized on different kinds of metal surfaces.
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The main factors behind the growth of the market are:
The market is segmented on the basis of substrate as metal, concrete & masonry, fiberglass, others; application as building & construction, automotive, marine, machinery & equipment, others; technology as solvent-borne technology, waterborne technology; type as pure epoxy paint, modified epoxy paint.
Some of the recent market developments are as follows:
“According to Data Bridge Market Research, global epoxy primer market is expected to be growing at a substantial CAGR of 5.25% during the forecast period of 2019 to 2026”
Some of the major players operating in the 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. among others.
Due to the significant negative impacts that various environmental factors have on the different substrates, consumers of protective coatings have initiated the demand for enhanced performing epoxy primers due to their effectiveness in acting as corrosion resistance in a cost-effective product range. This demand is expected to create a massive opportunity for growth of the market players’ share in the industry of protective coatings.
Global Epoxy Primer Market – Industry Trends and Forecast to 2028