Asia Pacific to offer lucrative growth opportunities for the Epoxy Primer Market Market Overview: The global Epoxy primer Market was at US$ 320 million in 2018 and is expected to register a CAGR of 21% throughout the forecast period to reach US$ 830 million by 2023. The epoxy primer forms a non-porous barrier between the environment and the surface on which it is applied, preventing corrosion and degradation. Market Drivers and Restraints: This market promises sustained growth during the analysis period. The increase in construction activity in developing countries is driving market growth. The desire for smooth walls with water-resistant coatings is encouraging the use of epoxy primers in the construction sector. Besides, growth in the automotive industry has contributed to an increase in sales of epoxy primers. The increase in offshore mining of gas and oil due to the recent rise in oil prices is also contributing to this market. The availability of waterproof colors threatens the market. The increase in labor costs and fluctuations in commodity prices are also inhibiting market growth. Increasing state control and use of chemicals increases production costs, limiting the expansion of the global market. To know more, click on the link below: https://www.marketdataforecast.com/market-reports/epoxy-primer-market Report segmented as By Substrate: • • Concrete & Masonry, Fiberglass and Metal By Application: • • • • Automotive, Marine, Building & Construction Machinery & Equipment By Usage: • • Waterborne Solvent-borne Geographical Analysis: The market can be considered by region into Latin America, North America, Asia Pacific, Europe, and Middle East and Africa. Asia Pacific is expected to be the fastest-growing market by area, with the major activity coming from countries like China, India, Malaysia and Indonesia. Important Market Players: The important players in the market are Sherwin-Williams Company (US), PPG Industries Inc. (US), Axalta Coating Systems LLC (US), BASF SE (Germany), AkzoNobel N.V. (Netherlands), Nippon Paint Co. Ltd. (Japan), Kansai Paint Co. Ltd. (Japan), Tikkurila Oyj (Finland), and RPM International Inc. (US). Sherwin- Williams Company is one of major companies in the world in the building and construction sector. As of 2018, it was one of the American Fortune 500 companies. It assimilated Valspar for approximately USD 9 billion dollars on March 20, 2016. View a sample and decide @ https://www.marketdataforecast.com/market-reports/epoxyprimer-market#request_sample The Scope of the report: This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast Email: [email protected] Tel: +1-888-702-9626 Website: https://www.marketdataforecast.com/
Global Epoxy primer Market is valued at USD 320 million in 2019 and is projected to grow at a Compound Annual Growth Rate (CAGR) of 21 % during the forecast period to become a USD 830 million market in 2024.
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