Market Overview

The Global Epoxy Primer Market 2018-2023: Growing Demand for High-Performance Epoxy Primers - A Major Opportunity


The Global Epoxy Primer Market 2018-2023: Growing Demand for High-Performance Epoxy Primers - A Major Opportunity

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DUBLIN, Aug 20, 2018 /PRNewswire/ --

The "Epoxy Primer Market by Substrate (Metal, Concrete & Masonry, and Fiberglass), Application (Building & Construction, Automotive, Marine, and Machinery & Equipment), Technology (Solvent-borne, and Waterborne), and Region-Global Forecast to 2023" report has been added to's offering.

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In terms of value, the global epoxy primer market is estimated to be USD 8.52 billion in 2018 and is projected to reach USD 10.91 billion by 2023, at a CAGR of 5.1% between 2018 and 2023.

The increasing demand for epoxy primer in various applications and the growing awareness to reduce the loss caused by corrosion are expected to drive the growth of epoxy market.

However, the fluctuating raw material prices and environmental regulations to reduce the use of epoxy primers produced using solvent-borne technology are restraining the growth of the market.

Based on substrate, the metal substrate is estimated to account for the largest share of the epoxy primer market in 2018. The epoxy primer experience high demand from building & construction, automotive, and marine sector. These primers are used to wet the surface and provide excellent adhesion to the applied coats. They also offer excellent corrosion and chemical resistance, thereby preventing rust formation.

Based on application, the building & construction segment is estimated to account for the largest share of the epoxy primer market in 2018. It is widely used on concrete & masonry surfaces for flooring application. In this application, it is also preferred for metal substrates that are used for priming structures.

Based on technology, the solvent-borne segment is estimated to account for the largest share of the epoxy primer market in 2018. The epoxy primers produced using solvent-borne technology have superior characteristics and are used in a wide variety of applications such as building & construction, automotive, marine, and other industrial machinery & equipment.

APAC is estimated to account for a major share of the overall epoxy primer market in 2018. The market is driven by the increasing demand from various applications, such as building & construction, automotive, power generation, oil & gas, and marine. Moreover, the high growth of the emerging economies and increasing disposable income in APAC make it an attractive market for coatings, thereby the epoxy primer market.

Key global players of the epoxy primer market are The Sherwin-Williams Company (US), PPG Industries Inc. (US), AkzoNobel N.V. (Netherlands), BASF SE (Germany), Axalta Coating Systems LLC (US), Kansai Paint Co. Ltd. (Japan), Nippon Paint Co. Ltd. (Japan), Tikkurila Oyj (Finland), and RPM International Inc. (US). Top players focus on expansions and new product launches as major strategies to consolidate their position in the market.

There is a high competition among these market players, and they focus on organic and inorganic growth strategies to increase their market share and global foothold. For instance, in June 2017, Sherwin-Williams acquired Valspar Corporation (US). The acquisition has helped the company enhance its position as a premier global paints and coatings provider, globally.

In October 2017, PPG Industries acquired the Crown Group (US), a coating application company. The acquisition helps it serve its customers better in North America.

PPG Industries has also invested about USD 49 million to start a new paints & coatings manufacturing facility and commercial operation in the Lipetsk region of Russia. The expansion helps it better serve the existing customers in Russia and Eastern Europe and increases its presence in Europe and the Middle East & Africa (EMEA).

Key Topics Covered

1 Introduction

2 Research Methodology

2.1 Research Data
2.1.1 Secondary Data Key Data From Secondary Sources
2.1.2 Primary Data Key Data From Primary Sources Key Industry Insights Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Top-Down and Bottom-Up Approach
2.3 Data Triangulation
2.3.1 Assumptions
2.3.2 Limitations

3 Executive Summary

4 Premium Insights

4.1 Attractive Market Opportunities in the Epoxy Primer Market
4.2 Epoxy Primer Market, By Substrate
4.3 Epoxy Primer Market, By Application
4.4 Epoxy Primer Market in APAC, By Country and Application

5 Market Overview

5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers High Demand From Various Applications Increasing Need to Reduce the Loss Caused By Corrosion
5.2.2 Restraints Fluctuating Raw Material Prices Stringent Environment Regulations
5.2.3 Opportunities Growing Demand for High-Performance Epoxy Primers High Industrial Growth in APAC and Middle East & Africa
5.3 Porter's Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry

6 Epoxy Primer Market, By Substrate

6.1 Introduction
6.2 Metal
6.3 Concrete & Masonry
6.4 Fiberglass
6.5 Others

7 Epoxy Primer Market, By Application

7.1 Introduction
7.2 Building & Construction
7.3 Automotive
7.4 Marine
7.5 Machinery & Equipment
7.6 Others

8 Epoxy Primer Market, By Technology

8.1 Introduction
8.2 Solvent-Borne Technology
8.3 Waterborne Technology

9 Epoxy Primer Market, By Region

9.1 Introduction
9.2 APAC
9.2.1 China
9.2.2 India
9.2.3 Japan
9.2.4 South Korea
9.2.5 Indonesia
9.2.6 Thailand
9.2.7 Malaysia
9.2.8 Rest of APAC
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 France
9.3.4 Italy
9.3.5 Spain
9.3.6 Russia
9.3.7 Turkey
9.3.8 Poland
9.3.9 Rest of Europe
9.4 North America
9.4.1 US
9.4.2 Canada
9.4.3 Mexico
9.5 Middle East & Africa
9.5.1 Africa
9.5.2 Saudi Arabia
9.5.3 Rest of Middle East & Africa
9.6 South America
9.6.1 Brazil
9.6.2 Argentina
9.6.3 Rest of South America

10 Competitive Landscape
10.1 Overview
10.2 Market Ranking of Key Players
10.3 Competitive Scenario
10.3.1 Mergers & Acquisitions
10.3.2 New Product Launches
10.3.3 Investments & Expansions

11 Company Profiles
11.1 PPG Industries
11.2 Akzonobel
11.3 Sherwin-Williams
11.4 Axalta Coating Systems
11.5 BASF SE
11.6 Nippon Paint
11.7 Jotun
11.8 Asian Paints
11.9 Kansai Paint
11.10 3M
11.11 Hempel
11.12 RPM International
11.13 Tikkurila Oyj
11.14 Berger Paints
11.15 Other Market Players
11.15.1 KCC
11.15.2 Carpoly
11.15.3 Sika
11.15.4 Diamond Vogel Paints
11.15.5 Hunan Xiangjiang Paint
11.15.6 DAW
11.15.7 BESA
11.15.8 Noroo Paint & Coatings
11.15.9 HMG Paints
11.15.10 Chugoku Marine Paints
11.15.11 Toa Performance Coating (ToaPC) Corporation

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