Global 2k Solvent Borne Primer Market, By Resin Type (Polyurethane, Epoxy, Acrylic, Alkyd and Others), Technology (High Solid, Medium Solid and Low Solid), Application (Automotive, Aerospace, Industrial Manufacturing, Construction, Marine and Others) - Industry Trends and Forecast to 2031.
2k Solvent Borne Primer Market Analysis and Size
The growth in industrial activities, infrastructure development, and construction projects worldwide contributes to the demand for 2K solvent-borne primers. These coatings play a crucial role in protecting structural components and equipment from corrosion and environmental degradation is expected to fuel the growth of the global 2k solvent borne primer market.
Data Bridge Market Research analyses that the global 2k solvent borne primer market was valued at USD 1.02 billion in 2023 is expected to reach the value of USD 1.60 billion by 2031, at a CAGR of 5.8% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024-2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Resin Type (Polyurethane, Epoxy, Acrylic, Alkyd and Others), Technology (High Solid, Medium Solid and Low Solid), Application (Automotive, Aerospace, Industrial Manufacturing, Construction, Marine and Others)
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Countries Covered
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U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa
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Market Players Covered
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PPG Industries, Inc. ( U.S.), The Sherwin-Williams Company (U.S.), Axalta Coating Systems Ltd. (U.S.), BASF SE (Germany), Jotun A/S ( Norway), RPM International Inc. (U.S.) and Akzo Nobel N.V. (Netherlands)among others
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Market Opportunities
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Market Definition
A 2K solvent-borne primer is a two-component coating system with solvents, featuring a base or resin component and an activator. Before application, these components are mixed, initiating a chemical reaction for curing. The inclusion of solvents facilitates proper application, allowing for uniform coating on various substrates.
Global 2k Solvent Borne Primer Market Dynamics
Driver
- High Performance Requirements
The increasing demand for 2K solvent-borne primers is propelled by their capacity to satisfy rigorous performance criteria, offering unparalleled adhesion, corrosion resistance, and durability. These primers play a pivotal role in various industries, including automotive, aerospace, and industrial manufacturing, where they are indispensable for ensuring optimal protection of substrates.
- Growing Industrial and Infrastructure Demand
The global surge in industrial activities, infrastructure development, and construction projects is a key driver behind the increasing demand for 2K solvent-borne primers. These primers are pivotal in safeguarding structural elements and machinery against corrosion and environmental deterioration. As industrial sectors expand and construction endeavors escalate worldwide, the necessity for reliable protection of surfaces grows, making 2K solvent-borne primers essential. Their role in preserving the integrity of structural components highlights their significance in meeting the demands of diverse applications within the dynamic landscape of industrial and construction activities.
Opportunity
- Growth in Automotive Industry Trends
In the automotive sector, 2K solvent-borne primers are extensively adopted owing to their capability to fulfill rigorous performance and quality benchmarks. These primers play a vital role in coating various automotive parts, contributing to both aesthetic appeal and long-term protection. Their use ensures a robust foundation for subsequent coatings, enhancing adhesion and durability. As vehicles are exposed to diverse environmental conditions and potential abrasions, these primers provide superior resistance to corrosion, thereby safeguarding automotive components. The widespread adoption within the automotive industry underscores the importance of 2K solvent-borne primers in achieving high-performance standards and ensuring the longevity of vehicle finishes.
Restraints/Challenges
- Regulatory Compliance
The 2K solvent-borne primer market faces challenges due to escalating environmental regulations and heightened awareness of the ecological footprint associated with solvent-based coatings. Stringent restrictions on volatile organic compounds (VOCs) and hazardous air pollutants (HAPs) pose limitations on the utilization of solvent-based products. The evolving regulatory landscape necessitates a shift towards eco-friendly alternatives, impacting the market for 2K solvent-borne primers.
- Shift Towards Waterborne and Low-VOC Alternatives
A worldwide movement towards environmentally friendly coatings, such as waterborne and low-VOC alternatives, is evident. This transition is motivated by goals for environmental sustainability and regulatory mandates to decrease emissions, potentially influencing the demand for solvent-borne products. The global trend reflects a collective effort to adopt cleaner and greener coating solutions in response to growing environmental concerns. As regulatory pressures intensify and sustainability becomes a focal point, industries are increasingly embracing waterborne and low-VOC alternatives, underscoring a paradigm shift towards more eco-conscious practices in coating applications, impacting the market for 2K solvent-borne primers.
This global 2k solvent borne primer market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global 2k solvent borne primer market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In February 2024, AkzoNobel has developed a new 2K solvent-borne primer in conductive and dark grey for automotive OEM exterior plastic parts, which are increasingly presenting adhesion challenges for its customers.The low polarity of plastics such as polypropylene causes low surface energy and poor adhesion, making plastic parts such as bumpers, rocker panels and contrasting features challenging to coat
Global 2k Solvent Borne Primer Market Scope
The global 2k solvent borne primer market is segmented into resin type, technology and application The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Resin Type
- Polyurethane
- Epoxy
- Acrylic
- Alkyd
- Others
Technology
- High Solid
- Medium Solid
- Low Solid
Application
- Automotive
- Aerospace
- Industrial Manufacturing
- Construction
- Marine
- Others
Global 2k Solvent Borne Primer Market Regional Analysis/Insights
The global 2k solvent borne primer market is analyzed and market size insights and trends are provided by resin, technology and application as referenced above.
The countries covered in the global 2k solvent borne primer market report are U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, and Rest of Middle East and Africa.
North America is the most dominating region in global 2k solvent borne primer market, holding the highest share as has a robust presence of key end-use industries such as construction, automotive, and industrial manufacturing.
U.S dominates in the Global 2k Solvent Borne Primer Market as continuous research and development efforts in the coatings industry lead to technological advancements in 2K solvent-borne primer formulations.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global 2k Solvent Borne Primer Market Share Analysis
The global 2k solvent borne primer market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global 2k solvent borne primer market.
Some of the major players operating in the global 2k solvent borne primer market are:
- PPG Industries, Inc. (U.S.)
- The Sherwin-Williams Company (U.S.)
- Axalta Coating Systems Ltd. (U.S.)
- BASF SE (Germany)
- Jotun A/S ( Norway)
- RPM International Inc. (U.S.)
- Akzo Nobel N.V. (Netherlands)
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