Epoxy primer Market

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
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.
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Report segmented as
By Substrate:
Concrete & Masonry,
Fiberglass and Metal
By Application:
Building & Construction
Machinery & Equipment
By Usage:
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.
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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.
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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.
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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.