Global Epoxy Primer Market By Substrate (Metal, Concrete &Masonry, Fiberglass, Others), Application (Building & Construction, Automotive, Marine, Machinery &Equipment, Others), Technology (Solvent-Borne Technology, Waterborne Technology), Type (Pure Epoxy Paint, Modified Epoxy Paint), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Epoxy Primer Market
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.
Market Definition: Global Epoxy Primer Market
Epoxy primer is a sealer that is used to provide good surface, finish to the coats and is usually non- porous in nature. They usually consist of zinc phosphate which usually acts as the corrosion prohibition pigment. Epoxy primers have good water resistance and have good adhesion. They are widely used in application such as automotive, marine, machinery among others.
- 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
- 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
Segmentation: Global Epoxy Primer Market
- Concrete &Masonry
- Building & Construction
- Machinery &Equipment
- Solvent-Borne Technology
- Waterborne Technology
- Pure Epoxy Paint
- Modified Epoxy Paint
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
Key Developments in the Market:
- In February 2017, Axalta Coating Systems announced that they are going to acquire e Century Industrial Coatings. This acquisition will help the company to expand their entirely new range of products with best-in-class service. This will assist the company to expand their business in global market by providing advanced and high quality industrial coatings, which consist of E-Coat, powder and liquid industrial products
- In May 2016, Teknos announced the acquisition with Feidal Coatings. The main aim of this acquisition is to strengthen their position in general industry coatings which will assist them to provide better and improved services to the customers. The acquisition includes Feidal GmbH & Co KG in Bruggen, Germany and the industrial business of Feidal Polska SP.z.o.o. Industrial coatings so that they can also produce metal
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.
Key Market Competitors:
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.
Research Methodology: Global Epoxy Primer Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved