Epoxy Coating Market Size, Share, Trends, Demand, Challenges and Competitive Outlook
Data Bridge Market Research analyses that the epoxy coating market was valued at USD 36.32 billion in 2021 and is expected to reach USD 54.15 billion by 2029, registering a CAGR of 5.12 % during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Epoxy resins are a type of synthetic resins used in manufacturing of plastics and adhesives. The selection of the epoxies depends on the types of humidity, environmental exposure, substrate, temperature, surface preparation, induction time, application time, and others. The ratio of the mixture of epoxy with the hardener is different for different products and describes the efficiency of the coatings. These resins are extensively recognised for their versatile properties such as resistance to abrasion, extreme toughness, and outstanding dimensional stability. Epoxy resins deliver an external coating called epoxy coating that aids as a superb resistance to corrosive chemicals, UV light, and heat. Furthermore, they offer outstanding adhesion to surfaces of fibres, metals, glass, and some other materials. Superior properties of epoxy coatings are expected to drive the global market for epoxy coatings during the forecast period.
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Some of the major players operating in the epoxy coating market are:
- BASF SE (Germany)
- AkzoNobel N.V. (Netherlands)
- PPG Industries (U.S.)
- Valspar (U.S.)
- The Sherwin-Williams Company (US)
- Axalta Coating Systems LLC (US)
- Berger Paints India Limited (India)
- Nippon (India) Paint Company Limited (India)
- KANSAI PAINT CO., LTD (Japan)
- RPM International (US)
- Tikkurila OYJ (Finland)
- Endura Manufacturing Company Ltd (Canada)
- Kansai Paint Co., Ltd. (Japan)
- TAO-CHUGOKU CO., LTD. (Thailand)
- Thermal Chem Corporation (US)
- Asian Paints (India)
- MBCC Group (Germany)
Scope of the Epoxy Coating Market Report:
The epoxy coating market is segmented on the basis of technology and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Technology
- Waterborne
- Solvent Borne
- Powder-Based
Application
- Construction
- Adhesives
- Transportation
- Paints and Coatings
- General Industrial
- Electrical and Electronics
- Others
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Epoxy Coating Market Regional Analysis/Insights
The Epoxy Coating market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Epoxy Coating market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Epoxy Coating within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Epoxy Coating market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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