Epoxy Coatings Market 2018: Global Opportunities, Industry Share and Revenue Generation by Top Key Players | BASF SE, PPG industries, Aditya Birla Chemicals, AkzoNobel N.V, Tikkurila OYJ, RPM International Inc.

Industry Related News:

1 January, 2018 - Versa flex Incorporation and Raven Lining has successfully completed its merger. This merger is expected to build up their product portfolio and technology in polyurea, epoxy, polyurethane, and cementations technologies.

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Market Overview:

An Epoxy Coating has compounds that are used as coatings or paints, cross-linked with a co-reactant or hardener prior to application in order to give a performance oriented outcome. Epoxy Coatings are widely used in the production of adhesives and resins. They are the type of external coverings, provided by epoxy resins which serves resistance to UV light and corrosive chemicals among other properties. The global epoxy coating market relies on improved and durable coatings. Moreover, stringent rules and regulations are implemented by the regional governments to curb down VOC content in the paints and coatings industry which are projected to drive the demand of global epoxy coating markets. These coatings are used in combination with concrete and steel to give them water, alkali, and acid resistance. Epoxy coatings are generally used in industrial and automotive applications.

The prominent driving factors in the global epoxy market are increasing construction activities and growing demand from the paints and coatings industry. Rapid growth in automotive and construction industries are projected to fuel the demand of global epoxy market during the forecast period, 2017-2023.

Major Key Players:

The Major Players operating in the Epoxy Coatings Market are:

• BASF SE (Germany),
• AkzoNobel N.V (the Netherlands),
• Axalata Coating System LLC (U.S.),
• The Valspar Corporation (U.S.),
• PPG industries (U.S.),
• Aditya Birla Chemicals (India),
• Tikkurila OYJ (Finland),
• RPM International Inc. (U.S.)

Market Segmentation:

The Global Epoxy Coatings Market is categorized on the basis of Type, Application:

On The Basis Of Type-
• Waterborne
• Powder-Based

On The Basis Of Application -
• Construction,
• Paints and Coatings,
• Automobile & Transport

Regional Analysis:

Geographically, Epoxy Coatings Market is segmented across Five Regions in the world namely:

• Asia Pacific,
• North America,
• Europe,
• Latin America,
• Middle East & Africa.

The world’s largest share of global epoxy coating market has been held by Asia Pacific followed by Europe, North America, Latin America, and the Middle East & Africa. China, India and Malaysia are the countries in Asia Pacific region, expected to grow with the same pace in the forecast period, 2017-2023. Germany, U.K and Italy in Europe have observed a rapid growth due to increasing investment by the paints and coating industries. A stunning growth has been projected in North American and Latin American regions due to the production of environmental friendly products. The demand for epoxy coating market has been increasing in the Middle East and Africa due to growing investments in the construction and industrial activities.

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