Epoxy Primer Market Is Expected To See A Massive Surge In Growth And Demand In The Forecast Period 2023-2032
As per the epoxy primer market report by The Business Research Company, the booming automotive industry is expected to propel the growth of the epoxy primer market.
The global epoxy primer market size grew from $9.62 billion in 2022 to $10.38 billion in 2023 at a compound annual growth rate (CAGR) of 7.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The epoxy primer market size is expected to grow to $13.24 billion in 2027 at a CAGR of 6.3%.
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Major competitors in the epoxy primer market include PPG Industries Inc., Akzo Nobel N.V., Sherwin-Williams, Axalta Coating Systems, BASF SE, Nippon Paint Holdings Co. Ltd., Jotun Group, Asian Paints Ltd., Kansai Paints Co. Ltd., 3M Company, Carpoly Chemical Group Co. Ltd., Noroo Paint & Coatings Co Ltd., Diamond Vogel, Chugoku Marine Paints, and KCC Paint India Private Limited.
The epoxy primer market is segmented -
• By Substrate: Metal, Concrete And Masonry, Fiberglass, Other Substrates
• By Technology: Solvent-Borne, Waterborne
• By Application: Building And Construction, Automotive, Marine, Machinery And Equipment, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the epoxy primer market in 2022.
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Epoxy primer refers to a sealer with a non-porous finish that is used on a wide range of materials due to its strong adhesion, good mechanical ability, and long-lasting chemical resistance in wet and high-humidity environments. The thickness of an epoxy primer determines how well it can protect the material against corrosion. Epoxy primer is used as the first base coat over bare metal.
The Table Of Content For The Epoxy Primer Market Include:
1. Executive Summary
2. Epoxy Primer Market Characteristics
3. Epoxy Primer Market Trends And Strategies
4. Epoxy Primer Market - Macro Economic Scenario
5. Epoxy Primer Market Size And Growth
6. Epoxy Primer Market Segmentation
26. Africa Epoxy Primer Market
27. Epoxy Primer Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Epoxy Primer Market
29. Epoxy Primer Market Future Outlook And Potential Analysis
The "Global Epoxy Primer Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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