About Epoxy Coating
Epoxy is a class of resin derived by polymerization of epoxides. Epoxy based material has application in adhesive, composite materials and coatings. It is capable to form tightly linked cross-polymer structures. The epoxy coating, which is strong adhesion, resistance to UV light, chemicals, corrosion, and heat is derived from epoxy resin which has extreme toughness and excellent dimensional stability. Increasing investment by government and market leaders for producing eco-friendly epoxy coatings and increasing demand for durable coatings expected to drive the demand for epoxy coatings over the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Epoxy Coating is a fragmented market due to the presence of various players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Epoxy Coating 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.
AkzoNobel N.V. (Netherlands), Axalta Coating Systems (United States), BASF (Germany), Berger Paints India Limited (India), Kansai Paint Company Limited (Japan), Nippon Paint Company Limited (Japan), PPG Industries Inc. (United States), RPM International Inc. (United States), The Sherwin Williams Company (United States), The Valspar Corporation (United States), Sun Chemical Corporation (United States) and Tikkurila Oyj (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 Jotun (Norway), Behr Process Corp. (United States) and Benjamin Moore & Co. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Epoxy Coating market by and Region.
On the basis of geography, the market of Epoxy Coating 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 End-Use Industries, the sub-segment i.e. Building and Construction will boost the Epoxy Coating market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Solvent Borne will boost the Epoxy Coating market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emphasizing On Fusion Bonded Epoxy Coatings and Increasing Demand for Chemical Resistant and Durable Coatings
Market Growth Drivers:
Increasing Demand for Green Epoxy Floor Coatings, Development in Bio-Based Epoxy Coatings and Less Maintenance Cost Associated with Epoxy Coated Surface
Challenges:
Adverse Effect on Environment Associated with Waterborne Epoxy Coatings
Restraints:
Fluctuating Raw Material Prizes and Low Performance of Epoxy Coatings for Outdoor Applications
Opportunities:
Increasing Demand for Powder-Based Epoxy Coatings, Stringent Government Regulations to Reduce Emission from Volatile Organic Compounds (VOC) and Increasing Demand from Emerging Economies Owing to Growth in Construction Infrastructure
Market Leaders and their expansionary development strategies
In October 2018, AkzoNobel acquire Fabryo Corporation S.R.L in Romania. The contract includes six distribution centers for decorative paints, adhesives, and mortars. And two production facilities including one of the largest decorative paints factories in the region.
In January 2019, Sun Chemical Corporation in the United States launched EPICLON HP 4770, a multi-functional naphthalene epoxy resin suited for adhesives, prepreg manufacturing, pultrusion, molding compounds, and resin infusion. And has application in transportation, aerospace, and electronics industry.
Key Target Audience
Manufacturers of Epoxy Coatings, Potential Investors, Manufacturers of Coatings, Resins, Additives, Pigments, and Other Feedstock Chemicals, Traders, Distributors, and Suppliers of Epoxy Coatings, Regional Manufacturers' Associations and Paints & Coatings Associations, Government and Regional Agencies and Research Organizations 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.