The Epoxy
Primer Market is expected to reach USD 12.37 Billion by 2026,
according to a new report by Reports and Data. The Epoxy Primer Market is
anticipated to show robust growth during the forecast period. The key factors
driving the market are growing demand for high performance epoxy primers and
the rising demand for epoxy primers in several applications which tend to
stimulate the market globally.
Epoxy primer is a sealer used to
provide an excellent surface finish on applied topcoats. It can be applied to
waterproof materials that consequently preserve the bare metal from rusting.
Epoxy primers are applied over several metal substrates and are broadly used on
metal substrates for various end-use industries such as marine, energy,
automotive, infrastructural structures, aviation, and oil & gas. It is a
type of liquid coating used on several materials such as carbon steel,
stainless steel, fiberglass, galvanized steel, and wood.
The APAC region accounts for the
largest share of 29.3% of the market in 2018. This largest share is due to the
massive demand for coatings from countries such as India, China, and other
Southeast Asian countries. The growth of the automotive, construction, marine,
and industrial sectors is also a significant factor anticipated to drive the
market in the region.
To identify the key trends in
the industry, click on the link below:
Further key findings from
the report suggest
- The Epoxy Primer Market is estimated to reach USD
12.37 Billion by 2026, at a CAGR of 4.6% during the forecast period.
- The market is mainly driven by the growing demand for
epoxy primers in several applications and increasing awareness to decrease
the loss caused by corrosion.
- The solvent-borne technology segment accounts for a
larger share of 62.8% of the market in 2018.
- The automotive end user segment accounts for the
largest share of 37.3% of the market in 2018.
- It is preferred widely in automotive, as they offer
excellent adhesion to basecoat and topcoat layers. They also provide
superior resistance to corrosion and solvents.
- The metal substrate is anticipated to witness the
highest CAGR of 4.7% during the forecast period.
- As metal substrates, epoxy primers are used
extensively for various applications such as marine, automotive,
infrastructural structures, energy, aviation, and oil & gas. They are
favored for these substrates owing to their outstanding chemicals,
adhesion and corrosion, and water-resistant features.
- Various players are developing strategies to mark
their presence in the industry.
- The Key players in the Epoxy Primer Market include
PPG Industries, Sherwin-Williams, BASF, AkzoNobel, Kansai Paint, Axalta
Coating Systems, Nippon Paint, RPM International, Tikkurila Oyj, and
Berger Paints.
Request a sample of this premium report at: https://www.reportsanddata.com/sample-enquiry-form/1832
For the purpose of this study,
Reports and Data have segmented the market on the basis of Technology, Substrate,
Application, and region:
Technology Outlook (Volume,
Kilo Tons; and Revenue, USD Billion; 2016-2026)
- Solvent-borne
- Waterborne
Substrate Outlook (Volume,
Kilo Tons; and Revenue, USD Billion; 2016-2026)
- Metal
- Concrete & Masonry
- Fiberglass
Application Outlook (Volume,
Kilo Tons; and Revenue, USD Billion; 2016-2026)
- Automotive
- Building & Construction
- Marine
- Machinery & Equipment
Regional Outlook (Volume,
Square Meters; and Revenue, USD Billion ; 2016-2026)
- North America
- U.S.
- Europe
- France
- UK
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Middle East & Africa
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