Press release
Epoxy Primer Market Overview, Analysis Through 2024-2033
Epoxy Primer Market
The epoxy primer market size is expected to see strong growth in the next few years. It will grow to $14.58 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to emerging markets, regulatory compliance, defense and military applications, sustainable coatings, renewable energy infrastructure. Major trends in the forecast period include high-performance epoxy primers, waterborne epoxy primers, concrete substrate priming, hybrid epoxy primers, nanotechnology in epoxy primers.
Market Overview -
Epoxy primer refers to a sealer with a non-porous finish that is used on a wide range of materials due to its strong adhesion, good mechanical ability, and long-lasting chemical resistance in wet and high-humidity environments. The thickness of an epoxy primer determines how well it can protect the material against corrosion. Epoxy primer is used as the first base coat over bare metal.
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Booming Automotive Industry Fuels Growth Of The Epoxy Primer Market
The booming automotive industry is expected to propel the growth of the epoxy primer market going forward. The automotive industry comprises the companies involved in the design, manufacture, and sale of motor vehicles and related components. Epoxy coatings are frequently used in the automotive sector as primers to increase the adherence of the metal surface since paints in the automotive sector are crucial for resisting corrosion. Hence, the boom in the automotive industry results in an increased demand for epoxy primers. For instance, according to a report shared by the India Brand Equity Foundation, commonly known as IBEF, an Indian government export promotion agency, vehicle production in India was 22.93 million vehicles in 2022. Therefore, the booming automotive industry is driving the growth of the epoxy primer market.
Competitive Landscape -
Major companies operating in the epoxy primer market include PPG Industries Inc., Akzo Nobel N.V., Sherwin-Williams, Axalta Coating Systems LLC, BASF SE, Berger Paints India Limited, Chugoku Marine Paints Ltd., Hempel A/S, Jotun A/S, Kansai Paint Co. Ltd., Nippon Paint Co. Ltd., RPM International Inc., Tikkurila Oyj, Asian Paints Ltd., Benjamin Moore & Co., Carboline Company, Cloverdale Paint Inc., Diamond Vogel Paints, Dunn-Edwards Corporation, H.B. Fuller Company, International Paint Ltd., J.W. Ostendorf GmbH & Co. KG, KCC Corporation, Krylon Products Group, Mascoat, NPA Coatings Inc., Rust-Oleum Corporation, Tnemec Company Inc., Valspar Corporation
Technological Advancements Driving Innovation In The Epoxy Primer Market
Technological advancement is a key trend gaining popularity in the epoxy primer market. Major companies operating in the epoxy primer sector are focused on adopting new technological solutions to sustain their position in the market. For instance, in December 2021, Applied Graphene Materials, a UK-based chemicals company launched a line of anti-corrosion epoxy primers that use its Genable technology. The Genable Epoxy primer is a C3-rated hybrid product offering synergy benefits by combining graphene with a zinc phosphate additive for standard applications in urban and industrial environments. It offers improved performance and protection against corrosion in harsh environments such as offshore and marine applications.
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Key Segments -
The epoxy primer market covered in this report is segmented -
1) By Substrate: Metal, Concrete And Masonry, Fiberglass, Other Substrates
2) By Technology: Solvent-Borne, Waterborne
3) By Application: Building And Construction, Automotive, Marine, Machinery And Equipment, Other Applications
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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