Epoxy Primers Market 2021 Latest Trends, Growth and Industry Analysis- NIPPON PAINT, Berger Paints Singapore, Asian Paints, PPG Industries Inc., and Kansai Paint Co. Ltd

The “Epoxy Primers Market” report is an in-depth study of the market, along with an analysis of its key segments. The relationship is built through extensive primary and secondary research. In-depth market data is generated through interviews and data collection from industry experts and professionals. The study is a detailed document on key aspects of the markets including trends, segmentation, growth prospects, opportunities, challenges, and competitive analysis.

The market for epoxy primers is expected to register a CAGR of about 5%, globally, during the forecast period.

The report is updated with the impact of the currently ongoing COVID-19 pandemic. The pandemic has dynamically affected key market segments and changed the growth pattern and demands in the Epoxy Primers market. The report covers an in-depth analysis of these changes and provides an accurate estimate of the market growth forecast after the impact of the pandemic.

The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Epoxy Primers Market: NIPPON PAINT, Berger Paints Singapore, Asian Paints, PPG Industries Inc., and Kansai Paint Co. Ltd.

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Key Market Trends

Growing Demand from the Building and Construction Sector

- Epoxy primer is a sealer that produces a good surface finish. It is primarily recommended as the first base coat over bare steel. These base coats or epoxy primers can also be used over fiberglass, plastic, concrete, metals, and others.

- Epoxy primers are used for a wide variety of materials due to their strong adhesion, good mechanical ability, and chemical resistance in wet and high-humidity environments.

- In the building and construction segment, epoxy primers are used in floors, walls, and ceilings. These primers are used in residential, commercial, and industrial buildings such as warehouses and others.

- Application of epoxy primers in the building and construction segment has gradually increased over the years as it ensures excellent adhesion to the subsequent paint layers.

- Nearly 9% of Indias GDP is spent on infrastructural activities. The government of India has given an enormous momentum to the infrastructural sector, by allocating INR 5.97 lakh crore (~USD 92.22 billion), under the Union Budget 2018-2019.

- Growing construction activity in countries such as China, Japan, United States, and India are expected to drive the market for epoxy primers during the forecast period.

Asia-Pacific Region to Dominate the Market

- The Asia-Pacific region is expected to dominate the market for epoxy primers during the forecast period. With the growing construction sector in countries, such as China, India, and Japan, the utilization of epoxy primers is increasing in the region.

- The largest producers of epoxy primers are located in Asia-Pacific. Some of the leading companies in the production of epoxy primers are NIPPON PAINT, Berger Paints Singapore, Asian Paints, Pidilite Industries Limited, Kansai Paint Co., Ltd.

- The Chinese government has rolled out massive construction plans, including making provisions for 250 million people in its new megacities, over the next ten years, creating scope for epoxy primers in its construction activity over the coming years increasing the scope for the application of epoxy primers.

- Epoxy primers are also used in aircraft. CA7049 is a three-component, chromate-free epoxy primer designed by PPG Industries, Inc to protect exterior aircraft surfaces. It is also used as a refresh primer over basic primers.

- The Indian government has announced an investment worth USD 31,650 billion for the construction of 100 cities, under the smart cities plan. 100 smart cities and 500 cities are likely to invite further investments of worth INR 2 trillion (~USD 28.18 billion), over the coming five years creating scope for the application of these epoxy primers.

- Epoxy primers are also used in automotive industry on metals and fiberglass. It improves surface smoothness, increases basecoat and topcoat adhesion, and also protects vehicles from UV rays.

- The aforementioned factors, coupled with government support, are contributing to the increasing demand for epoxy primers during the forecast period

For a comprehensive understanding of market dynamics, the global Epoxy Primers market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India, and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

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Influence of the Epoxy Primers market report:

-Comprehensive assessment of all opportunities and risks in the Epoxy Primers market.

–Epoxy Primers market recent innovations and major events.

-Detailed study of business strategies for growth of the Epoxy Primers market-leading players.

-Conclusive study about the growth plot of Epoxy Primers market for forthcoming years.

-In-depth understanding of Epoxy Primers market-particular drivers, constraints, and major micro markets.

-Favourable impression inside vital technological and market latest trends striking the Epoxy Primers market.

What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Epoxy Primers Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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