The Global Epoxy Coating Market is projected to reach USD 48.40 billion in 2027. The growth of the global Epoxy Coating Market in the next eight years is expected to drive increased expenditures on residential and commercial construction in emerging areas such as Asia Pacific and the Middle East.
Rapid industrialization in Asia-Pacific has led to an increase in use of epoxy coating in flooring applications in retail shops, hospitals, showrooms and warehouses, both commercial and industrial structures. These coatings offer superior shine and elegant finish in the form of terrazzo floors, chipboards, and colorful walls.
The rising automotive industry in Asia-Pacific and Latin America developing economies is expected to increase demand for epoxy coatings due to an increasing population base and disposable income. The growing size of applications in vehicle bodies and other metal components to avoid rust and corrosion is expected to increase market development. Moreover, the growing use of epoxy-based coating as the foundation for automotive parts to ensure paint adhesion would fuel demand on the market over the next years.
Solvent-borne epoxy has grown to represent over a third of the overall market volume as the dominant product segment. However, they have been historically built to protect steel; they have now been widely used and adapted to flooring and for cement structures. Solvents allow fast coating application without formulation problems in the required areas.
The COVID-19 impact:
In no way will the COVID-19 pandemic jeopardize the sustainability of the industry. Core market leaders are skeptical about the industry’s prospects and are searching for ways to fix the issue. In order to enhance their facilities and other operations, many hospitals had to exert tremendous impact on the pandemic. There is not enough money to avoid the usual lockout in different parts of the world. A significant decrease in domestic demand resulted in trade, exports and foreign COVID-19 imports. The world’s largest corporations prefer to smooth out their budgets and build cash reserves. Real production levels must eventually be that for workers and businesses are searching for new ways to satisfy customer demand at even lower prices.
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Key findings in the report:
Further key findings from the report suggest
- Factors such as low VOC quality, longevity, quick dry time and mitigated hazardous disposal as compared to their counterparties are projected to have been most rapidly increased during watersports from 2019 to 2027.
- The construction sector is the leading segment of applications with the fastest growing growth. The need for new commercial, residential and industrial infrastructure has needed rapid population rise and increasing migration into urban areas. In both developed and emerging regions low interest rates on housing loans are ready to impact demand growth.
- Owing to policy incentives and the availability of low-cost skilled labor, car makers are moving their production bases to these countries. In such economies, higher disposable incomes and population growth are expected to increase transport demand in epoxy layering eventually.
- Asia-Pacific has a majority market share as the dominant regional market. The regional market is expected to be driven by an increased demand for institutional frameworks coupled with the change in production landscape to China, India and South East Asia. From 2019 to 2027, the area is expected to experience the fastest growth.
- In August 2019, Polytek Development Corp. announced the acquisition of Stone Coat Countertops, a supplier of speciality polymers for mold making and casting applications. Polytek is Arsenal Capital Partners’ portfolio firm.
- Key players in the market include The Valspar Corporation, AkzoNobel N.V., Axalta Coating System, BASF, Berger Paints India Limited, Nippon Paint Company Limited, PPG Industries Inc., Tikkurila Oyj, The Sherwin Williams Company, and RPM International Inc, among others.
Epoxy Coating Market By Product And By Application, Forecasts To 2027, To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/epoxy-coating-market
For the purpose of this report, Reports And Data has segmented into the global Epoxy Coating Market on the basis of Product, Application, and region:
Product Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Solvent Borne
- Waterborne
- Powder
Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Construction
- Industrial
- Transportation
- Others
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Regional Outlook (Revenue in USD Billion; 2017–2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Egypt
- Rest of MEA
Table Of Content
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Epoxy Coating Market Segmentation & Impact Analysis
4.1. Epoxy Coating Market Material Segmentation Analysis
4.2. Industrial Outlook
…………….
Chapter 8. Competitive Landscape
8.1. Market Revenue Share By Manufacturers
8.2. Manufacturing Cost Breakdown Analysis
8.3. Mergers & Acquisitions
8.4. Market positioning
8.5. Strategy Benchmarking
8.6. Vendor Landscape
Chapter 9. Company Profiles
9.1. The Valspar Corporation
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Technology Insights
9.1.4. Strategic Initiatives
9.2. AkzoNobel N.V.
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Technology Insights
9.2.4. Strategic Initiatives
9.3. Axalta Coating System
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Technology Insights
9.3.4. Strategic Initiatives
9.4. BASF
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Technology Insights
9.4.4. Strategic Initiatives
9.5. Berger Paints India Limited
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Technology Insights
9.5.4. Strategic Initiatives
Continue …
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