Epoxy Primer Market Size, Share, Growth Report 2030

Global Epoxy Primer Market: Overview

Epoxy primer is a non-porous surface finish sealer and is used as a first base coating. It is used on dents and cracks as a result of its outstanding bonding capacity. Epoxy primer is also referred as structural steel primer as its two parts are cured chemically via cross-linking. Additionally, the product manufactures film that offers resistance to moisture, abrasiveness, and chemicals. The product also provides outstanding adhesion to metals, fiberglass, masonry, wood, and concrete.

Global Epoxy Primer Market was valued at USD 9.21 billion in 2019 and is likely to reach USD 13.19 billion by 2026 with a CAGR of 5.27%.

Global Epoxy Primer Market: Growth Factors

Massive demand of the product in myriad sectors such as machinery, building & construction, marine, and automotive will enhance the scope of the epoxy primer market over the years to come. Apart from this, the massive requirement for minimizing the loss due to rust will boost the epoxy primer market expansion. Epoxy primer coatings help the material to become waterproof, thereby protecting the latter from getting rusted.  Escalating usage of water borne epoxy primers will stimulate market demand. The flourishing automotive sector has resulted in the enriched & cumulative need for paint & coatings, thereby further elevating the epoxy primer market size.

Nonetheless, strict environmental legislation pertaining to utilization of the solvent borne epoxy primer is likely to pose a threat to the market growth. In addition to this, oscillating raw material costs and entry of new entrepreneurs in the business can put further brakes on the market surge.

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Global Epoxy Primer Market: Segmentation

The epoxy primer market can be sectored into substrate and application. Based on the substrate, the industry can be segregated into metal, fiberglass, and masonry & concrete. Application wise, the epoxy primer industry can be divided into machinery & equipment, building & construction, marine, and automotive applications.

Global Epoxy Primer Market: Regional Analysis

The epoxy primer industry in the Asia Pacific is anticipated to register a prominent surge over the estimated timeline, subject to burgeoning demand for the epoxy primer coatings in the countries like China, South Korea, Thailand, India, Japan, and Indonesia. Apart from this, the rapidly prospering construction, marine, and automotive sectors in the region will proliferate the product demand.

Moreover, North America is projected to dominate the overall market growth over the review period. The regional growth can be attributed to the massive use of the product in the countries such as Canada and the U.S. Furthermore, growing preference for epoxy primers in countries such as Spain, UK, Italy, and France will further boost the epoxy primer market demand in Europe.

Brazil and Argentina are slated to make lucrative contributions towards the epoxy primer market earnings in Latin America. Additionally, GCC countries are projected to boost the market trends in the Middle East and African region.

Global Epoxy Primer Market: Competitive Players

Few of the main participants in epoxy primer market are Axalta Coating Systems, Nippon Paint Holdings Company Limited, Jotun Group, Asian Paints Ltd, BASF SE, PPG Industries, Inc., Akzo Nobel N.V., Sherwin-Williams, Kansai Paints Company Limited, and 3M Company.

Global Epoxy Primer Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa