About Epoxy Primers
Epoxy primer is a sealer which provides good surface finish. It has different types based on applied top coats. This primers are act as corrosion inhibiting pigments. It is also used for coating metal surface which prevents them from water and their oxidisation. It is broadly effective for sealing bare metal. It prevents contact of oxygen with metal surface which may cause rusting. Hence, owing to this unique features, the demand for epoxy primers in number of end use industries has been raised.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market of Epoxy Primers is expected to grow with rising demand from industrial sectors. Several companies are operating in the market to provide Epoxy Primers. The market is highly fragmented with the presence of number of market players. Rising profitability owing to huge demand cause many new entries which in turn created competitive rivalry. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Epoxy Primers 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.
The Sherwin-Williams Company (United States), Jotun (Norway), PPG Industries Inc. (United States), Asian Paints (India), AkzoNobel N.V. (Netherlands), Hempel Group (Denmark), BASF SE (Germany), TIKKURILA OYJ (Fineland), Axalta Coating Systems LLC (United States), Nippon Paint Co. Ltd. (Japan), Tikkurila Oyj (Finland), Kansai Paint Co. Ltd. (Japan) and RPM International Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Sika AG (Switzerland), Diamond Vogel (United States) and TOA Performance Coating Corporation Co., Ltd. (Thailand).
Segmentation Overview
AMA Research has segmented the market of Global Epoxy Primers market by Type (One-Part Epoxy Primer, Two-Part Epoxy Primer, Bonding Primer and Others), Application (Automotive, Marine, Building & Construction, Machinery &Equipment and Others) and Region.
On the basis of geography, the market of Epoxy Primers 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 Substrate, the sub-segment i.e. Metal will boost the Epoxy Primers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel , the sub-segment i.e. Online will boost the Epoxy Primers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging Type, the sub-segment i.e. HPDE Drum will boost the Epoxy Primers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Zinc will boost the Epoxy Primers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Preference for Bio based Epoxy Primers
Market Growth Drivers:
Rising Demand for Epoxy Primers in End Industry and Increasing Industrial applicability in for Manufacturing of Lubricants and Coatings
Challenges:
Availability of Alternatives
Restraints:
High Production Cost of Epoxy Primers and Fluctuation in Raw material Availability
Opportunities:
Increasing Industrialisation in Asia Pacific Region has created Growth Opportunity
Market Leaders and their expansionary development strategies
In March 2021, Vebro Polymers Group, an international specialist in the sale and marketing of resin-based flooring systems, pump and proprietary cementitious levelling screeds alongside car park deck waterproofing and wearing solutions, announced it has completed its acquisition of PR Epoxy Systems Ltd, a leading UK based formulator and manufacturer of epoxy resin-based flooring, grouts, adhesives and intermediates, for an undisclosed sum.
In August 2023, Sherwin Williams launched the Next Generation Chrome-Free Epoxy Primer (CM0483800) a new high-performance, two-component, corrosion-inhibitive primer that contains no chromate. The primer is ideal for application on all types of aircraft, including commercial aircraft, business jets, military aircraft, unmanned aerial vehicles, rotor aircraft and general aviation. It provides exceptional performance with various substrates and pretreatments and is designed to work with all Sherwin-Williams exterior topcoat systems.
Key Target Audience
Epoxy Primers Manufacturers, Epoxy Primers Suppliers/Distributor, Raw Material Suppliers, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry
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.