Global Epoxy Primer Market, By Substrate (Metal, Concrete and Masonry, Fiberglass, Others), Technology (Solvent-Borne Technology, Waterborne Technology), Application (Building and Construction, Automotive, Marine, Machinery and Equipment, Off-Shore Platforms, Oil and Gas Industry Machinery, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Epoxy Primer Market
Epoxy primer market size is expected to grow at a compound annual growth rate of 5.11% for the forecast period of 2021 to 2028. Data Bridge Market Research report on epoxy primer market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Epoxy primer is specially designed to penetrate and seal porous substrates. They are used to enhance adhesion of high-performance topcoats. It is also effectual at increasing bond of polyurethane foam to a wide variety of substrates.
The high consumption of epoxy primer across the globe, due to rise in the demand from various industries such as automotive, building and construction and oil and gas sector is expected to influence the growth of the epoxy primer market. In line with this, the rise in the demand for epoxy primer, due to increase in the need to reduce the loss caused by corrosion on metal surfaces and high demand from various applications are also anticipated to act as key determinants favoring the growth of the epoxy primer market over the forecast period of 2021 to 2028. Also the, rise in the need to reduce the loss caused by corrosion and high adoption of high-performance epoxy primers are also expected to positively impact the growth of the epoxy primer market. The major factor accountable for the growth of the market is the rapid industrialization.
However, the stringent government regulations to reduce the use of epoxy primers and rise in the raw material prices are likely to act as key restraints towards epoxy primer market growth rate in the forecast period of 2021 to 2028, whereas the stringent environment regulations can challenge the growth of the epoxy primer market in the above mentioned forecast period.
Furthermore, the increase in the demand for high-performance epoxy primers and high industrial growth are expected to offer a variety of growth opportunities for the epoxy primer market in the above mentioned forecast period.
This epoxy 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, geographical expansions, technological innovations in the market. To gain more info on epoxy 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.
Global Epoxy Primer Market Scope and Market Size
Epoxy primer market is segmented on the basis of substrate, technology and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of substrate, the epoxy primer market is segmented into metal, concrete and masonry, fiberglass and others.
- Based on technology, the epoxy primer market is segmented into solvent-borne technology, and waterborne technology.
- The application segment for epoxy primer market is segmented into building and construction, automotive, marine, machinery and equipment, off-shore platforms, oil and gas industry machinery and others.
Epoxy Primer Market Country Level Analysis
Epoxy primer market is analyzed and market size, volume information is provided by country, substrate, technology and application as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific leads the epoxy primer market because of the high demand from various end-use applications such as building and construction, automotive, power generation, oil and gas and marine. North America is expected to expand at a significant growth of the over the forecast of 2021 to 2028 due to the demand for high-performance epoxy primer and expansion in the automotive industry.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Epoxy Primer Market Share Analysis
Epoxy 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 epoxy primer market.
The major players covered in the epoxy primer market report 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 A/S, RPM International Inc., Tikkurila, Berger Paints India Limited, CARPOLY, Sika AG, Diamond Vogel, Chugoku Marine Paints, Ltd., KCC PAINT INDUSTRY AND TRADE LTD., and NOROO Paint & Coatings Co Ltd., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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