The Global Epoxy Coating Market was valued at USD XX million in 2017, and is expected to grow at a CAGR of XX% by 2025. Increasing demand from application industry, which includes electrical& electronics, aerospace, marine coatings, and powder coatings is expected to drive the Epoxy Coating market.
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Epoxy resins are thermosetting polymers, having unique mechanical and resistance properties.
The epoxy resins have high thermal stability, high electrical and mechanical resistance. Epoxy resin coating forms good insulation to UV light, heat and corrosive chemicals. The market growth of epoxy coating is driven by increase in demand from electronics market, aerospace market and Industrial applications. Epoxy coatings find application as paint for floor and metals, glass and fiber. The versatile application of Epoxy coating across industries is expected to keep the growth momentum of the market.
High economic growth in emerging market is one of the primary factor which would create an opportunity for the growth of this market.
Government regulation against VOC, which is released by conventional paint, is expected to provide market opportunity. However, fluctuation in raw materials prices will continue to hinder market growth.
Solvent borne epoxy coating is the largest market and anticipated to remain so during the projected period. Solvent borne coatings have higher level of organic based compounds enabling formulation of a durable thin film. Solvents borne coatings allow easy applicability of coatings on films without causing any surface tension. Thin film application properties of solvent borne coating find its wide application in industrial application, driving the market growth of the segment.
Asia Pacific was the largest market and is expected to remain so during the projected period. The market growth is driven by demand from automobile, construction and manufacturing industry.
Some of the key players operating in this market AkzoNobel N.V., Axalta Coating Systems, BASF, Berger Paints India Limited, Kansai Paint Company Limited, Nippon Paint Company Limited, PPG Industries Inc. , RPM International Inc. , The Sherwin Williams Company , The Valspar Corporation , and Tikkurila Oyj (Finland) among others.
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Key benefits of the report:
- Global, Regional, Country, Application, and By Type Market Size and Forecast from 2014-2025
- Detailed market dynamics, industry outlook with market specific PESTLE, Value Chain, Supply Chain, and SWOT Analysis to better understand the market and build strategies
- Identification of key companies that can influence this market on a global and regional scale
- Expert interviews and their insights on market shift, current and future outlook and factors impacting vendors short term and long term strategies
- Detailed insights on emerging regions, By Type& application, and competitive landscape with qualitative and quantitative information and facts
- Emerging technologies benefitting the market
* Epoxy Coating Manufacturers
* Chemical Companies
* Government and research organizations
The market is derived through extensive use of secondary, primary, in-house research followed by expert validation and third party perspective like analyst report of investment banks. The secondary research forms the base of our study where we conducted extensive data mining, referring to verified data sources such as government and regulatory published materials, technical journals, trade magazines, and paid data sources.
For forecasting, regional demand & supply factor, investment, market dynamics including technical scenario, consumer behavior, and end use industry trends and dynamics , capacity Production, spending were taken into consideration.
We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.
The market estimates and forecasts have been verified through exhaustive primary research with the Key Industry Participants (KIPs) which typically include:
* Adhesive companies,
* Market Analyst,
* Industry Expert,
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TABLE OF CONTENT
1 Executive Summary
2 Methodology And Market Scope
3 Epoxy Coating Market — Industry Outlook
4 Epoxy Coating Market By Type Outlook
5 Epoxy Coating Market Application Outlook
6 Epoxy Coating Market Regional Outlook
7 Competitive Landscape
End of the report
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