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The epoxy primers market share is expected to increase by USD 2.80 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.52%.
This epoxy primers market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers epoxy primers market segmentation by technology (solvent-borne and waterborne) and geography (APAC, Europe, North America, South America, and Middle East and Africa). The epoxy primers market report also offers information on several market vendors, including 3M Co., Akzo Nobel NV, Asian Paints Ltd., Axalta Coating Systems Ltd., BASF SE, Berger Paints India Ltd., Carpoly Chemical Group Co. Ltd., Clever Polymers, DuluxGroup Ltd., Grand Polycoats Co. Pvt. Ltd., Jotun AS, Kansai Paint Co. Ltd., Nippon Paint Holdings Co. Ltd., PPG Industries Inc., RPM International Inc., Sika AG, The Eastwood Co., The Sherwin Williams Co., Triangle Coatings Inc., and Tuff Coat Polymers Pvt. Ltd. among others.
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The rising number of applications is notably driving the epoxy primers market growth, although factors such as stringent regulations affecting market growth may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the epoxy primers industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Epoxy Primers Market Driver
The rising number of applications is one of the factors driving the epoxy primers market growth. Epoxy primers are coatings applied before painting that act as a sealer or are non-porous. They are used in all types of steel surfaces in industrial and commercial environments exposed to environmental conditions for corrosion protection. They are commonly used to coat metal cans and containers, especially those used to hold acidic food, such as tomatoes. Further, epoxy primers have good abrasion resistance to help resist mechanical damage during transportation. These primers can also be used on cracks and dents. Such features have increased the application of epoxy primers, thereby will drive the growth of the market in focus during the forecast period.
Key Epoxy Primers Market Trend
Implementation of solar reflective epoxy primers is one of the key epoxy primers market trends fueling market growth. Solar reflective epoxy primers help in keeping the interiors of a building much cooler than other non-reflective coatings. Significantly, acrylic, urethane, and silicone-based solar reflective epoxy primers help reduce energy costs without compromising on durability, performance, or aesthetics and provide an array of color options that previously absorbed considerably high amounts of infrared light. Solar reflective epoxy primers also help in curbing greenhouse gas emissions from heating, ventilation, and air conditioning systems (HVACs). Such advantages of implementing solar reflective epoxy primers will fuel the market growth during the forecast period.
Key Epoxy Primers Market Challenge
The stringent regulations is one of the key factors challenging the epoxy primers market growth. Solvent-borne epoxy primers contain volatile chemicals that are potentially hazardous to the environment. Regulatory authorities across countries in Western Europe and North America have imposed stringent regulations to curb the hazardous effects of such products. For instance, in the EU, the Restriction of Hazardous Substances (RoHS) directive focuses on safeguarding the environment. It directs vendors to use chemical products that do not contain hazardous substances, such as mercury, lead, and others. However, such standardized safety procedures and mandatory rules have slowed down the market penetration rate of epoxy primers.
This epoxy primers market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global epoxy primers market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the epoxy primers market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the epoxy primers market encompasses successful business strategies deployed by the key vendors. The epoxy primers market is fragmented and the vendors are deploying growth strategies such as product quality, price, economies of scale, operational cost, and innovation to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The epoxy primers market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the epoxy primers market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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50% of the market’s growth will originate from APAC during the forecast period. China, Japan, and South Korea are the key markets for epoxy primers market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The growth of the automobile sector, along with the growing economy and emerging middle class will facilitate the epoxy primers market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 affected several industries in the region, including epoxy primer industries. However, the market has regained its momentum from 2021 onward with the launch of vaccines for COVID-19. Thus, the resumption of normal industrial and manufacturing activities since the lifting of lockdowns will drive the regional market significantly during the forecast period.
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The epoxy primers market share growth by the solvent-borne segment will be significant during the forecast period. A solvent-borne epoxy primer is a liquid protective layer that commonly consists of organic compounds that are applied on a material's surface to prevent corrosion. Solvent-borne coatings are more resilient when compared with water-borne coatings during the curing of the coating. Therefore, a solvent-borne epoxy primer is preferred for applications in humid environments, which in turn, will drive market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the epoxy primers market size and actionable market insights on post COVID-19 impact on each segment.
Epoxy Primers Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.52% |
Market growth 2022-2026 |
$ 2.80 billion |
Market structure |
Fragmented |
YoY growth (%) |
5.1 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 50% |
Key consumer countries |
US, China, Japan, South Korea, Germany, and France |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
3M Co., Akzo Nobel NV, Asian Paints Ltd., Axalta Coating Systems Ltd., BASF SE, Berger Paints India Ltd., Carpoly Chemical Group Co. Ltd., Clever Polymers, DuluxGroup Ltd., Grand Polycoats Co. Pvt. Ltd., Jotun AS, Kansai Paint Co. Ltd., Nippon Paint Holdings Co. Ltd., PPG Industries Inc., RPM International Inc., Sika AG, The Eastwood Co., The Sherwin Williams Co., Triangle Coatings Inc., and Tuff Coat Polymers Pvt. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Technology
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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