Epoxy primer is defined as protective sealing coatings that are applied above the top coats on substrate to enhance the finish of the surfaces. These coatings are utilized in a two-part coating system which is used to enhance the protection of surface against corrosion, water-resistance as well as protecting the surface against signs of oxidation. These primers are majorly utilized on different kinds of metal surfaces.
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The main factors behind the growth of the market are:
- Rising demand of epoxy primer to reduce the damage caused by corrosion: One of the major factors associated with the substantial growth of demand for epoxy primers is the high levels of demand for solutions and products that can reduce the damage of corrosion on different surfaces. If not reduce the damage, then enhance the levels of protection against corrosion of these surfaces. Due to the significant damage that corrosion can cause on the integrity of the surface or products and their operating life
- Increasing government investment in infrastructural development: Another valuable factor behind the increasing rate of adoption for epoxy primer is the high levels of infrastructural investment being undertaken by the different government authorities to enhance the reputation of their countries and increase the availability of different facilities for their regions. This focus of the governments to enhance their infrastructure’s has given rise to different materials for the construction industry, with epoxy primer experiencing a positive impact on their demands
The market is segmented on the basis of substrate as metal, concrete & masonry, fiberglass, others; application as building & construction, automotive, marine, machinery & equipment, others; technology as solvent-borne technology, waterborne technology; type as pure epoxy paint, modified epoxy paint.
Some of the recent market developments are as follows:
- In May 2019, Hempel Group announced the launch of an epoxy primer designed for heavy equipments and trucks, branded as “Hempaprime Shield 700 HS”. Designed to provide original equipment manufacturers’ reduced production time and enhancing the life of their equipments by improving the levels of protection against corrosion. The product had already been available in North America and will now be available to the European region. The low VOC content in the primer is another benefit that the consumers can meet any of the regulatory requirements for the environment presented by the governments
- In November 2018, Induron announced the launch of “CeramaPrime Epoxy Primer”, formulated to enhance the performance characterized by the company’s high-build ceramic epoxy linings in a thin-film ceramic epoxy primer. Number of benefits and characteristics associated with the product are expected to enhance the efficiency of consumers while significantly expanding the product offerings of Induron
“According to Data Bridge Market Research, global epoxy primer market is expected to be growing at a substantial CAGR of 5.25% during the forecast period of 2019 to 2026”
Some of the major players operating in the market are PPG Industries, Inc, Akzo Nobel N.V., The Sherwin-Williams Company, Axalta Coating Systems, BASF SE, Nippon Paint (India) Company Limited., Jotun, Asian Paints, Kansai Paint Co.,Ltd., 3M, Hempel Group, RPM International Inc., TIKKURILA OYJ, Berger Paints India Limited, CARPOLY., Sika AG, Diamond Vogel., TOA Performance Coating Corporation Co., Ltd., Chugoku Marine Paints, Ltd., NOROO Paint & Coatings Co Ltd. among others.
Due to the significant negative impacts that various environmental factors have on the different substrates, consumers of protective coatings have initiated the demand for enhanced performing epoxy primers due to their effectiveness in acting as corrosion resistance in a cost-effective product range. This demand is expected to create a massive opportunity for growth of the market players’ share in the industry of protective coatings.
