The article cited AMA's Global Epoxy Coatings Market Study explored significant growth with CAGR of 6.1%. According to the report, Industry 4.0 Revolution is Expected to be One of the Major Trends of this Market is one of the primary growth factors for the market. The Growing Demand for Waterborne Epoxy Coatings
is also expected to contribute significantly to the Epoxy Coatings market. Overall, Construction Material
applications of Epoxy Coatings, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. New players are beginning to enter the market and established companies have been changing their business models a trend that will continue in the future.
AMAs Analyst on the Global Epoxy Coatings Market identified that the demand is rising in many different parts of the world due to "Huge Opportunities due to the Growing Adoption of Powder-based Epoxy Coatings". One of the challenges that industry facing is "The Outbreak of COVID-19 Leading to Challenges for Epoxy Coating Vendors Due to Shutting Down of Production Across the World for an Uncertain Period of Time"
The Industry Verticals, such as Automotive & Transportation, is boosting the Epoxy Coatings market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Epoxy Coatings market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Epoxy Coatings market and other related sub-markets covered in the study.
o Key & emerging players in the Epoxy Coatings market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Epoxy Coatings market size is calculated using market estimation process, the Epoxy Coatings market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Epoxy Coatings market size has been validated using both top-down and bottom-up approaches.