About Epoxy Protective Coatings
The global epoxy coatings market is expected to grow at a healthy pace during the forecast period, according to the AMA study. The growing demand for waterborne epoxy coatings, high growth from end use industries, and is expected to be the major factors aiding into the growth for the market. Moreover, the rise in adoption of new technologies for achieving durable product life-cycle is another major factor driving the growth for the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The vendors in this market are majorly focusing on development of new & innovative epoxy protective coating products for growing applications to cater to market demands in order to remain competitive in the global market. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Epoxy Protective Coatings market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BASF SE (Germany), Akzonobel N.V. (Netherlands), PPG Industries (United States), RPM International Inc. (United States), The Sherwin-Williams Company (United States), The Valspar Corporation (United States), Axalta Coating Systems LLC (United States), Nippon Paint Co. Ltd. (Japan), Kansai Paint Co. Ltd. (Japan) and Tikkurila (Finland) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Berger Paints India Ltd (India), Dow (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Epoxy Protective Coatings market by Type (Solvent borne, Waterborne and Powder-based), Application (Construction Material, Industrial Applications, Transportation Equipment and Others) and Region.
On the basis of geography, the market of Epoxy Protective Coatings has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Verticals, the sub-segment i.e. Automotive & Transportation will boost the Epoxy Protective Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Industry 4.0 Revolution is Expected to be One of the Major Trends of this Market
Market Growth Drivers:
The Growing Demand for Waterborne Epoxy Coatings, High Growth in End Use Industries and Growing Demand from Construction Sector
Challenges:
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
Restraints:
Raw Material Cost Fluctuations
Opportunities:
Huge Opportunities due to the Growing Adoption of Powder-based Epoxy Coatings
Market Leaders and their expansionary development strategies
In April 2019, Dow announced that it has completed its searation from its previously announced merger in 2015 which was operating as DowDuPont with DuPont company.
In November 2023, Designed for extreme wastewater environments. Induron Protective Coatings announced the launch of its newest product, Novasafe. Novasafe is a furfuryl modified, thick film, ceramic-filled novolac epoxy and it can stand up to the most extreme environments encountered in treatment plants.
Key Target Audience
Epoxy Protective Coatings Provider, Investor, Research and Development, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.