Market Overview:
The global epoxy coatings market is ecpected 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 lifecycle is another major factor driving the growth for the market.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Key Companies Profiled | 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), Tikkurila (Finland), Berger Paints India Ltd (India) and Dow (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Vendors of Epoxy Coatings Market Study:
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), Tikkurila (Finland), Berger Paints India Ltd (India) and Dow (United States)
Epoxy Coatings Market Segment Analysis
Scope | Sub-Segments |
---|
Application / End User | Construction Material, Industrial Applications, Transportation Equipment and Others |
Type | Solvent borne, Waterborne and Powder-based |
Industry Verticals | Automotive & Transportation,Manufacturing,Aerospace & Defense,Construction,Others |
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
. The Global Epoxy Coatings market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
In 2019, Dow announced that it has completed its searation from its previously announced merger in 2015 which was operating as DowDuPont with DuPont company.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Epoxy Coatings market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Epoxy Coatings market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment .
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.