Epoxy coatings Market - Global Industry Analysis

Epoxy coatings Market By Technology (Solvent borne, Waterborne, Powder-based), By Application (Construction, Transportation, General Industrial, Others), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028

Published Date: 03-May-2022 Category: Chemical & Materials Report Format : PDF Pages: 150 Report Code: ZMR-1252 Status : Published

The global epoxy coatings market was worth around USD 31,926.5 million in 2021 and is estimated to grow to about USD 42297.9 million by 2028, with a compound annual growth rate (CAGR) of approximately 4.8 percent over the forecast period.

Description

Industry Prospective:

The global epoxy coatings market was worth around USD 31,926.5 million in 2021 and is estimated to grow to about USD 42297.9 million by 2028, with a compound annual growth rate (CAGR) of approximately 4.8 percent over the forecast period. The report analyzes the epoxy coatings market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the epoxy coatings market.

Epoxy coatings Market: Overview

Epoxy coatings are largely popular in construction and building applications that are formed by the process called curing. These epoxy coatings provide a strong and resistant coating that protects structures and has excellent adhesion properties. The epoxy coatings are used in multiple industries such as building, construction, automotive & transportation, and other industrial applications that require coatings.

The advantages of the epoxy coatings coating over other coatings is expected to propel the epoxy coatings market potential over the forecast period, and this trend will majorly influence the epoxy coatings market potential in the long run. Increasing construction activities and rising industrialization on a global scale are also expected to shape epoxy coatings market potential through 2028.

However, fluctuating costs of raw materials are anticipated to have a hindering effect on the global epoxy coatings market growth through the forecast period.

COVID-19 Impact:

The COVID-19 pandemic led to a downfall in the epoxy coatings market. The world witnessed lockdowns across multiple nations, and this led to a substantial change in industrial activity on a global scale. Shuttering of multiple production facilities and slow down of the construction sector majorly led to a drop in demand for epoxy coatings in 2020.  

Shortage of raw materials, strict restrictions prohibiting outdoor activity, etc., were factors that further made it difficult for the epoxy coatings companies to run their business efficiently.

The epoxy coatings market is expected to make a good recovery in the post-pandemic era as the world returns to normal and construction activity resumes to drive the epoxy coatings market potential over the forecast period.

Global Epoxy coatings Market

Epoxy coatings Market: Growth Drivers

Increasing Industrialization and Construction Activity

The world is witnessing rapid industrialization, as a result the demand for construction activity is high on a global scale. This factor is majorly influencing the epoxy coatings market growth positively. Rapid urbanization has also led to a substantial rise in demand for construction in the residential sector. Increasing use of epoxy coatings in this construction activity to make them more efficient is expected to majorly drive the epoxy coatings market potential through 2028.

Epoxy coatings Market: Restraints

Fluctuating Costs of Raw Material to Hinder Growth

The raw materials that are used in the manufacturing and formulation of epoxy coatings follow a highly volatile trend, and this factor causes uncertainty in the pricing of epoxy coatings and hence slows down the overall epoxy coatings market growth. The prices of these raw materials are subject to change with changing economic landscape of the world and hence are out of manufacturer control and this is why this factor is expected to hinder the epoxy coatings market potential beyond the forecast period as well.

Global Epoxy Coatings Market: Segmentation

The global epoxy coatings market is segregated based on technology, application, and region.

By technology, the market is divided into Solvent borne, Waterborne, and Powder-based. The water-borne coatings segment will account for a dominant market share and is anticipated to be the most lucrative segment over the forecast period. Its popularity can be attributed to the growing demand for moisture barrier applications across multiple industrial verticals.  

By Application, the epoxy coatings market is segmented into Construction, Transportation, General Industrial, and Others. The transportation segment held a major market share and is projected to maintain this stance over the forecast period. Increasing demand for vehicles and growing automotive and transportation industries have largely influenced the epoxy coatings sales and are expected to drive growth through 2028.  

Recent Developments

  • In January 2022 - Milburn Flooring a leading name in the flooring industry announced the acquisition of Blendex Industrial Corp and added a new division dedicated to epoxy and hence widening its application scope and serving its existing and potential consumer base.

Regional Landscape

Asia Pacific region leads the global epoxy coatings market in terms of share and accounts for more than 40% of the global epoxy coatings industry landscape. The growth in this region for the epoxy coatings market can mainly be attributed to rising urbanization and industrialization, which is increasing demand for epoxy coatings in multiple sectors. China is a major producer of epoxy coatings and this is expected to boost the epoxy coatings market potential in this region over the forecast period. China and India are projected to be the most notable markets for epoxy coatings, owing to the high demand for infrastructural development in these economies.

The market for epoxy coatings in North America will account for the second-largest market share in the global epoxy coatings industry landscape. Increasing demand for epoxy coatings in industrial flooring applications to be a major trend through 2028.

Competitive Landscape

Some of the main competitors dominating the global epoxy coatings market include - BASF SE, Akzonobel N.V., PPG Industries, RPM International Inc., The Sherwin-Williams Company, The Valspar Corporation, Axalta Coating Systems LLC, Nippon Paint Co. Ltd., Kansai Paint Co. Ltd., Tikkurila OYJ, Berger Paints India Ltd.

Global epoxy coatings market is segmented as follows:

By Technology

  • Solvent borne
  • Waterborne
  • Powder-based

By Application

  • Construction
  • Transportation
  • General Industrial
  • Others

By Region

  • 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

Table Of Content

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Epoxy coatings Market, (2022 - 2028) (USD Million)
    • 2.2 Global Epoxy coatings Market : snapshot
  • Chapter 3. Global Epoxy coatings Market - Industry Analysis
    • 3.1 Epoxy coatings Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Increasing Industrialization and Construction Activity
    • 3.3 Market Restraints
      • 3.3.1. Fluctuating Costs of Raw Material to Hinder Growth
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Technology
      • 3.7.2 Market attractiveness analysis By Application
  • Chapter 4. Global Epoxy coatings Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Epoxy coatings Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Epoxy coatings Market - Technology Analysis
    • 5.1 Global Epoxy coatings Market overview: By Technology
      • 5.1.1 Global Epoxy coatings Market share, By Technology, 2021 and 2028
    • 5.2 Solvent borne
      • 5.2.1 Global Epoxy coatings Market by Solvent borne, 2022 - 2028 (USD Million)
    • 5.3 Waterborne
      • 5.3.1 Global Epoxy coatings Market by Waterborne, 2022 - 2028 (USD Million)
    • 5.4 Powder-based
      • 5.4.1 Global Epoxy coatings Market by Powder-based, 2022 - 2028 (USD Million)
  • Chapter 6. Global Epoxy coatings Market - Application Analysis
    • 6.1 Global Epoxy coatings Market overview: By Application
      • 6.1.1 Global Epoxy coatings Market share, By Application, 2021 and 2028
    • 6.2 Construction
      • 6.2.1 Global Epoxy coatings Market by Construction, 2022 - 2028 (USD Million)
    • 6.3 Transportation
      • 6.3.1 Global Epoxy coatings Market by Transportation, 2022 - 2028 (USD Million)
    • 6.4 General Industrial
      • 6.4.1 Global Epoxy coatings Market by General Industrial, 2022 - 2028 (USD Million)
    • 6.5 Others
      • 6.5.1 Global Epoxy coatings Market by Others, 2022 - 2028 (USD Million)
  • Chapter 7. Epoxy coatings Market - Regional Analysis
    • 7.1 Global Epoxy coatings Market Regional Overview
    • 7.2 Global Epoxy coatings Market Share, by Region, 2021 & 2028 (USD Million)
    • 7.3. North America
      • 7.3.1 North America Epoxy coatings Market, 2022 - 2028 (USD Million)
        • 7.3.1.1 North America Epoxy coatings Market, by Country, 2022 - 2028 (USD Million)
    • 7.4 North America Epoxy coatings Market, by Technology, 2022 - 2028
      • 7.4.1 North America Epoxy coatings Market, by Technology, 2022 - 2028 (USD Million)
    • 7.5 North America Epoxy coatings Market, by Application, 2022 - 2028
      • 7.5.1 North America Epoxy coatings Market, by Application, 2022 - 2028 (USD Million)
    • 7.4. Europe
      • 7.4.2 Europe Epoxy coatings Market, 2022 - 2028 (USD Million)
        • 7.4.2.1 Europe Epoxy coatings Market, by Country, 2022 - 2028 (USD Million)
    • 7.4 Europe Epoxy coatings Market, by Technology, 2022 - 2028
      • 7.4.1 Europe Epoxy coatings Market, by Technology, 2022 - 2028 (USD Million)
    • 7.5 Europe Epoxy coatings Market, by Application, 2022 - 2028
      • 7.5.1 Europe Epoxy coatings Market, by Application, 2022 - 2028 (USD Million)
    • 7.5. Asia Pacific
      • 7.5.3 Asia Pacific Epoxy coatings Market, 2022 - 2028 (USD Million)
        • 7.5.3.1 Asia Pacific Epoxy coatings Market, by Country, 2022 - 2028 (USD Million)
    • 7.4 Asia Pacific Epoxy coatings Market, by Technology, 2022 - 2028
      • 7.4.1 Asia Pacific Epoxy coatings Market, by Technology, 2022 - 2028 (USD Million)
    • 7.5 Asia Pacific Epoxy coatings Market, by Application, 2022 - 2028
      • 7.5.1 Asia Pacific Epoxy coatings Market, by Application, 2022 - 2028 (USD Million)
    • 7.6. Latin America
      • 7.6.4 Latin America Epoxy coatings Market, 2022 - 2028 (USD Million)
        • 7.6.4.1 Latin America Epoxy coatings Market, by Country, 2022 - 2028 (USD Million)
    • 7.4 Latin America Epoxy coatings Market, by Technology, 2022 - 2028
      • 7.4.1 Latin America Epoxy coatings Market, by Technology, 2022 - 2028 (USD Million)
    • 7.5 Latin America Epoxy coatings Market, by Application, 2022 - 2028
      • 7.5.1 Latin America Epoxy coatings Market, by Application, 2022 - 2028 (USD Million)
    • 7.7. The Middle-East and Africa
      • 7.7.5 The Middle-East and Africa Epoxy coatings Market, 2022 - 2028 (USD Million)
        • 7.7.5.1 The Middle-East and Africa Epoxy coatings Market, by Country, 2022 - 2028 (USD Million)
    • 7.4 The Middle-East and Africa Epoxy coatings Market, by Technology, 2022 - 2028
      • 7.4.1 The Middle-East and Africa Epoxy coatings Market, by Technology, 2022 - 2028 (USD Million)
    • 7.5 The Middle-East and Africa Epoxy coatings Market, by Application, 2022 - 2028
      • 7.5.1 The Middle-East and Africa Epoxy coatings Market, by Application, 2022 - 2028 (USD Million)
  • Chapter 8. Company Profiles
    • 8.1 BASF SE
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Akzonobel N.V.
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 PPG Industries
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 RPM International Inc.
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 The Sherwin-Williams Company
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 The Valspar Corporation
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 Axalta Coating Systems LLC
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Nippon Paint Co. Ltd.
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Kansai Paint Co. Ltd.
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 Tikkurila OYJ
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments
    • 8.11 Berger Paints India Ltd.
      • 8.11.1 Overview
      • 8.11.2 Financials
      • 8.11.3 Product Portfolio
      • 8.11.4 Business Strategy
      • 8.11.5 Recent Developments

Table Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Epoxy coatings Market, 2022 - 2028 (USD Million)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Epoxy coatings Market attractiveness, By Technology
  • 6. Global Epoxy coatings Market attractiveness, By Application
  • 7. Global Epoxy coatings Market share by Technology, 2022 and 2028 (USD Million)
  • 8. Global Epoxy coatings Market by Solvent borne, 2022 - 2028 (USD Million)
  • 9. Global Epoxy coatings Market by Waterborne, 2022 - 2028 (USD Million)
  • 10. Global Epoxy coatings Market by Powder-based, 2022 - 2028 (USD Million)
  • 11. Global Epoxy coatings Market share by Application, 2022 and 2028 (USD Million)
  • 12. Global Epoxy coatings Market by Construction, 2022 - 2028 (USD Million)
  • 13. Global Epoxy coatings Market by Transportation, 2022 - 2028 (USD Million)
  • 14. Global Epoxy coatings Market by General Industrial, 2022 - 2028 (USD Million)
  • 15. Global Epoxy coatings Market by Others, 2022 - 2028 (USD Million)
  • 16. Global Epoxy coatings Market share, by Region, 2022 and 2028
  • 17. North America Epoxy coatings Market, 2022 - 2028 (USD Million)
  • 18. Europe Epoxy coatings Market, 2022 - 2028 (USD Million)
  • 19. Asia Pacific Epoxy coatings Market, 2022 - 2028 (USD Million)
  • 20. Latin America Epoxy coatings Market, 2022 - 2028 (USD Million)
  • 21. The Middle-East and Africa Epoxy coatings Market, 2022 - 2028 (USD Million)

Table Of Tables

  • 1. Global Epoxy coatings Market: Snapshot
  • 2. Drivers of the Epoxy coatings Market: impact analysis
  • 3. North America Epoxy coatings Market revenue, By Technology, 2022 - 2028 (USD Million)
  • 4. North America Epoxy coatings Market revenue, By Application, 2022 - 2028 (USD Million)
  • 5. U.S. Epoxy coatings Market revenue, By Technology, 2022 - 2028 (USD Million)
  • 6. U.S. Epoxy coatings Market revenue, By Application, 2022 - 2028 (USD Million)
  • 7. Canada Epoxy coatings Market revenue, By Technology, 2022 - 2028 (USD Million)
  • 8. Canada Epoxy coatings Market revenue, By Application, 2022 - 2028 (USD Million)
  • 9. Europe Epoxy coatings Market revenue, By Technology, 2022 - 2028 (USD Million)
  • 10. Europe Epoxy coatings Market revenue, By Application, 2022 - 2028 (USD Million)
  • 11. Germany Epoxy coatings Market revenue, By Technology, 2022 - 2028 (USD Million)
  • 12. Germany Epoxy coatings Market revenue, By Application, 2022 - 2028 (USD Million)
  • 13. France Epoxy coatings Market revenue, By Technology, 2022 - 2028 (USD Million)
  • 14. France Epoxy coatings Market revenue, By Application, 2022 - 2028 (USD Million)
  • 15. U.K. Epoxy coatings Market revenue, By Technology, 2022 - 2028 (USD Million)
  • 16. U.K. Epoxy coatings Market revenue, By Application, 2022 - 2028 (USD Million)
  • 17. Italy Epoxy coatings Market revenue, By Technology, 2022 - 2028 (USD Million)
  • 18. Italy Epoxy coatings Market revenue, By Application, 2022 - 2028 (USD Million)
  • 19. Spain Epoxy coatings Market revenue, By Technology, 2022 - 2028 (USD Million)
  • 20. Spain Epoxy coatings Market revenue, By Application, 2022 - 2028 (USD Million)
  • 21. Rest of Europe Epoxy coatings Market revenue, By Technology, 2022 - 2028 (USD Million)
  • 22. Rest of Europe Epoxy coatings Market revenue, By Application, 2022 - 2028 (USD Million)
  • 23. Asia Pacific Epoxy coatings Market revenue, By Technology, 2022 - 2028 (USD Million)
  • 24. Asia Pacific Epoxy coatings Market revenue, By Application, 2022 - 2028 (USD Million)
  • 25. China Epoxy coatings Market revenue, By Technology, 2022 - 2028 (USD Million)
  • 26. China Epoxy coatings Market revenue, By Application, 2022 - 2028 (USD Million)
  • 27. Japan Epoxy coatings Market revenue, By Technology, 2022 - 2028 (USD Million)
  • 28. Japan Epoxy coatings Market revenue, By Application, 2022 - 2028 (USD Million)
  • 29. India Epoxy coatings Market revenue, By Technology, 2022 - 2028 (USD Million)
  • 30. India Epoxy coatings Market revenue, By Application, 2022 - 2028 (USD Million)
  • 31. South Korea Epoxy coatings Market revenue, By Technology, 2022 - 2028 (USD Million)
  • 32. South Korea Epoxy coatings Market revenue, By Application, 2022 - 2028 (USD Million)
  • 33. South-East Asia Epoxy coatings Market revenue, By Technology, 2022 - 2028 (USD Million)
  • 34. South-East Asia Epoxy coatings Market revenue, By Application, 2022 - 2028 (USD Million)
  • 35. Rest of Asia Pacific Epoxy coatings Market revenue, By Technology, 2022 - 2028 (USD Million)
  • 36. Rest of Asia Pacific Epoxy coatings Market revenue, By Application, 2022 - 2028 (USD Million)
  • 37. Latin America Epoxy coatings Market revenue, By Technology, 2022 - 2028 (USD Million)
  • 38. Latin America Epoxy coatings Market revenue, By Application, 2022 - 2028 (USD Million)
  • 39. Brazil Epoxy coatings Market revenue, By Technology, 2022 - 2028 (USD Million)
  • 40. Brazil Epoxy coatings Market revenue, By Application, 2022 - 2028 (USD Million)
  • 41. Mexico Epoxy coatings Market revenue, By Technology, 2022 - 2028 (USD Million)
  • 42. Mexico Epoxy coatings Market revenue, By Application, 2022 - 2028 (USD Million)
  • 43. Rest of Latin America Epoxy coatings Market revenue, By Technology, 2022 - 2028 (USD Million)
  • 44. Rest of Latin America Epoxy coatings Market revenue, By Application, 2022 - 2028 (USD Million)
  • 45. The Middle-East and Africa Epoxy coatings Market revenue, By Technology, 2022 - 2028 (USD Million)
  • 46. The Middle-East and Africa Epoxy coatings Market revenue, By Application, 2022 - 2028 (USD Million)
  • 47. GCC Countries Epoxy coatings Market revenue, By Technology, 2022 - 2028 (USD Million)
  • 48. GCC Countries Epoxy coatings Market revenue, By Application, 2022 - 2028 (USD Million)
  • 49. South Africa Epoxy coatings Market revenue, By Technology, 2022 - 2028 (USD Million)
  • 50. South Africa Epoxy coatings Market revenue, By Application, 2022 - 2028 (USD Million)
  • 51. Rest of Middle-East Africa Epoxy coatings Market revenue, By Technology, 2022 - 2028 (USD Million)
  • 52. Rest of Middle-East Africa Epoxy coatings Market revenue, By Application, 2022 - 2028 (USD Million)

Methodology

Free Analysis

Epoxy coating is generally applied as protective coverings which are derived from epoxy resins. Epoxy resin is a synthetic resin that is generally used in the production of the plastics and adhesives. It is derived from a chemical process referred to as curing by epoxide and polyamine resin.

Rising demand for waterborne epoxy coatings and high demand from end-use industries is expected to drive the global epoxy coatings market. Moreover, increasing demand from developing countries is estimated to drive the epoxy coatings market during the years to come. However, slow down in developed countries and low performance in exterior applications is anticipated to impede the growth of the market. Nevertheless, high economic growth in developing country and extensive growth of epoxy coatings for powder-based coating are likely to set new wings to the market of the global epoxy coatings within the years to come. 

Global Epoxy Coatings Market

The epoxy coatings market is classified into type, application, and region. In terms of type, the market is categorized into powder-based, waterborne, and solvent-borne. Among all other types, powder-based coatings market accounted the largest market share in 2017. It is rapidly used in construction and transport industry. In terms of application, epoxy coatings market is segmented into transportation, paints & coatings, electrical & electronics, construction, adhesives, and others. Construction application accounted for the largest market share in 2017. Rising commercial, residential, and other sports construction are anticipated to fuel the epoxy coating market during the forecast period. 

The Asia Pacific accounted for the largest market share of the epoxy coatings market in 2017, followed by Europe and North America. Rising demand from emerging economies such as India, China, and Japan in the region is anticipated to propel the market growth rate in the coming years. In Europe, the epoxy coatings market is anticipated to exhibit significant growth rate in the near future owing to the rising demand for construction and automotive industry. North America is anticipated to exhibit rapid growth rate owing to the advantages of the eco-friendly product, strength, durability, and other. The Middle East & Africa and Latin America regions are projected to witness rapid demand in coming years, owing to the rising construction industry in the region.

The key players in the global epoxy coatings market are Akzonobel N.V., RPM International Inc., BASF SE, The Valspar Corporation, PPG Industries, Nippon Paint Co. Ltd., The Sherwin-Williams Company, Tikkurila OYJ, Axalta Coating Systems LLC, and Kansai Paint Co. Ltd. The detailed description of players includes parameters such as company overview, financial overview, business and recent developments of the manufacturers.

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FrequentlyAsked Questions

Increasing industrialization and rising construction activity are major trends that guide epoxy coatings market growth.

According to the Market Research report, the global epoxy coatings market was worth about US$ 31,926.5 million in 2021 and is predicted to grow to around US$ 42297.9 million by 2028, with a compound annual growth rate (CAGR) of around 4.8 percent.

The Asia Pacific leads the global market landscape in terms of revenue and volume share at present. Emerging countries such as India and China are predicted to be the Asia Pacific region's fastest-expanding epoxy coatings markets owing to increasing demand for infrastructure development through 2028.

Some of the main competitors dominating the global epoxy coatings market include -- BASF SE, Akzonobel N.V., PPG Industries, RPM International Inc., The Sherwin-Williams Company, The Valspar Corporation, Axalta Coating Systems LLC, Nippon Paint Co. Ltd., Kansai Paint Co. Ltd., Tikkurila OYJ, Berger Paints India Ltd.

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