Global Epoxy Coatings Market 2017-2021

This industry research report identifies Akzo Nobel, BASF, KANSAI PAINT, PPG Industries, and The Sherwin-Williams Company as the key vendors in the global epoxy coatings market. This industry research report also presents a comprehensive analysis of the market by technology type (water borne, powder-based, and solvent-borne), by application (construction, industrial, transportation, and others), and by geography (APAC, Europe, North America, and ROW).

Overview of the global epoxy coatings market

Owing to the health, environmental, and safety benefits, water-borne epoxy coatings are mainly used in various applications, such as transportation, building and construction, and industrial applications. Technavio's epoxy coatings market forecast identifies increased use of electronic content in vehicles as one of the primary growth factors for epoxy coatings market. Water-borne epoxy coatings manifest properties like high mechanical strength and toughness with electrical and thermal properties, which enable the extensive use of water-borne epoxy coatings in various industries. Apart from this, there is increase in the demand for water-borne epoxy resin composites from the aerospace and wind energy industries. These factors cumulatively drive the epoxy coatings market growth during the forecast period. Our market research analysts estimate that this market will grow steadily at a CAGR of more than 5% by 2021.

The growth of the coating additives industry will be one of the key trends contributing to the growth of the epoxy coatings market in the coming years. Owing to the enhancing properties of the final product, epoxy coatings are used in several applications like paints, coatings, building, and construction. Moreover, epoxy coatings find its application to improve the strength, appearance, chemical resistance, and performance of the coatings. Epoxies are extensively used as adhesives in various forms, such as epoxy glue and epoxy primer in the construction industry. The growth in the demand for additives in various applications due to the performance-enhancement property of the additives is growing to drive the epoxy coatings market positively.

What's your takeaway?

Technavio's industry research report on the global epoxy coatings market 2017-2021 will help you-

• Identify latent opportunities and explorative solutions in the epoxy coatings market
• Identify your key competition, and what's making them tick?
• Help you build a comprehensive marketing plan, applicable across 50+ countries

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Competitive landscape and key vendors

The epoxy coatings market is fragmented due to the presence of several international and regional players. The competition in the epoxy coating market will intensify in the coming years due to the lack of product differentiation. Since the consumers are attracted by the products of regional vendors at low prices, the international players face a stiff competition from these regional players.

The leading vendors in the market are-

• Akzo Nobel
• BASF
• KANSAI PAINT
• PPG Industries
• The Sherwin-Williams Company

The other prominent vendors in the market are Axalta Coating Systems, Berger Paints India, Nippon Paint, RPM International, and Tikkurila.

Segmentation by application type and analysis of the epoxy coatings market

• Construction
• Industrial
• Transportation

During 2016, the construction segment accounted for the major shares of the epoxy coatings market. Urban migration is increasing the demand for new residential, commercial, and industrial infrastructures. Moreover, the low-interest rates on housing loans in developed and developing countries are driving the growth of the epoxy coating market. Epoxy coating is beneficial as it protects the surfaces from ultraviolet (UV) radiation, moisture, and microbes and enhance the appearance. These factors are also instrumental in the growth of the market.

Segmentation by geography and analysis of the epoxy coatings market

• APAC
• Europe
• North America
• ROW

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the epoxy coatings market throughout the forecast period. Owing to the increasing demand for institutional buildings coupled with the shift in the production facilities to India, China, and Southeast Asian countries are driving the growth of the epoxy coating market in the region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global epoxy coatings market?
• What are the key market trends impacting the growth of the global epoxy coatings market?
• What are the challenges to global epoxy coatings market growth?
• Who are the key vendors in the market?
• What are the market opportunities and threats faced by the vendors in the global epoxy coatings market?
• Trending factors influencing the market shares of the APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global epoxy coatings market?

Technavio also offers customization on reports based on specific client requirement.

The chemicals and materials industry encompasses a diversity of subindustries, including agrochemicals and fertilizers, biochemicals and biomaterials, metals and minerals, specialty chemicals, and glass and ceramics. Technavio's market research reports on the chemicals and materials industry identifies the important growth drivers, trends, and challenges that this industry is currently facing. This upcoming market research report on the global epoxy coatings market helps clients gain valuable insights into the factors influencing this market's growth during the predicted period.

According to the market research analysts, factors such as the increasing adoption of halogen-free epoxy coatings is anticipated to propel this market's growth over the coming years. Additionally, to help businesses get an extensive analysis of the competitive landscape, this industry report covers the vendors operating in this market space such as AkzoNobel, PPG Industries, Kansai Paint, BASF, and Berger Paints.

To accurately predict the growth prospects of the epoxy coatings market, our analysts closely follow the growth trajectory of similar markets like the global antifouling coatings market, which is expected to grow at a CAGR of more than 13% until the end of 2021. Several challenges are predicted to hinder the growth of this market with increasing raw material prices and maturing markets in Western Europe. To offer a holistic overview of the market, the report includes an analysis of the market across different geographical regions including the Americas, APAC, and EMEA. 

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.