08-Dec-2020 | Zion Market Research
As per forecasters from Zion Market Research, the global epoxy primer market was capitalized at USD 8.01 billion during 2017 and is expected to reach USD 10.91 billion by the end of 2025, progressing at a CAGR of 5.8%. Epoxy primer is a sealant that creates the best non-porous finish on the impinged topcoats. It has higher bonding capability and presents good adhesion to a range of substrates like concrete & masonry, metal, fiberglass, wood, and others. It also has corrosion inhibiting and water-resistant capabilities. Thus, it is desired in various applications like automotive, marine, building & construction, and machinery & equipment.
Some of the key global players in the epoxy primer market are BASF SE, AkzoNobel N.V., Kansai Paint Co. Ltd., Axalta Coating Systems LLC, PPG Industries Inc., The Sherwin-Williams Company, Tikkurila Oyj, Nippon Paint Co. Ltd., and RPM International Inc.
Rise In Manufacturing Activity To Boost The Global Epoxy Primer Market
According to the ACA (American Coating Association), the worldwide manufacturing output was capitalized at US$ 55 Trillion in 2014, which almost attained US$ 105 Trillion in 2015. The surge in manufacturing activity worldwide is augmenting the demand for printing and coating applications. The epoxy primers are used in huge amounts in the coatings & paints industry. Therefore, amplified demand for painting and coating applications is increasing the demand for epoxy primers. The mounting adoption of paint and coating applications in different sectors globally like industrial and automotive is augmenting the requirement for epoxy primers worldwide. The raw materials normally utilized for the production of paints and coatings comprise fillers, resins, pigments, solvents, and additives. The resins account for the most important share in the production of coatings and paints.
The global epoxy primer market is segmented based on the substrate, technology, applications, and geography. Based on the substrate, the market has been divided into concrete & masonry, metal, and fiberglass. Based on technology, the global epoxy primer market is divided into water-borne and solvent-borne. Based on the applications, the market has been classified into off-shore platforms, marine, automotive, construction equipment, and oil & gas industry machinery.
North America Region To Dominate The Global Epoxy Primer Market
Based on geography, the worldwide epoxy primer market has been classified into Europe, Asia Pacific, North America, Latin America, and Middle East & Africa. The U.S. is expected to be the leading market for epoxy primers across the North America region during the forecasted period, followed by Canada. The Europe region holds a major share of the worldwide epoxy primer market, with Germany anticipated being the top market across the region during 2019–2025. The U.K., Spain, France, and Italy are other outstanding markets across Europe. In the Asia Pacific region, China is the chief market, whilst South Korea, India, and Japan are well-known markets for epoxy primer.
Browse the full “Global Epoxy Primer Market by Substrate (Metal, Fiberglass, and Masonry & Concrete) and Application (Machinery & Equipment, Building & Construction, Marine, and Automotive), and Region– Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/epoxy-primer-market
The global epoxy primer market is segmented as follows:
By Region :
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