Press release
Epoxy Primer Market, Competition, Forecast And Opportunities Report 2024-2033
Epoxy Primer Market
The Business Research Company presents an extensive market research report on the "Epoxy Primer Global Market Report 2024," furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Epoxy Primer industry. This report on Epoxy Primer market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The epoxy primer market size has grown strongly in recent years. It will grow from $10.22 billion in 2023 to $10.95 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to infrastructure development, corrosion prevention, industrialization, advancements in formulations, demand from automotive and aerospace sectors.The epoxy primer market size is expected to see strong growth in the next few years. It will grow to $14.58 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%.
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Key Market Players:
PPG Industries Inc., Akzo Nobel N.V., Sherwin-Williams, Axalta Coating Systems LLC, BASF SE, Berger Paints India Limited
Market Drivers:
According to the Epoxy Primer Market Report 2024 by The Business Research Company, The growing aerospace industry is expected to propel the growth of the epoxy primer market going forward. The aerospace industry encompasses the design, development, manufacturing, and maintenance of aircraft, spacecraft, and related equipment and systems. Epoxy primers in the aerospace industry provide a protective and corrosion-resistant coating for aircraft surfaces, ensuring durability and safety while minimizing maintenance and extending the lifespan of aerospace components. For instance, in January 2023, according to Airbus SE, a Netherlands-based aerospace corporation, they reported the delivery of 661 commercial aircraft to 84 customers in 2022, indicating an 8% rise from the previous year when they sold 611 units. Therefore, the growing aerospace industry is driving the growth of the epoxy primer market.
More information about the Global Epoxy Primer Market Report -
https://www.thebusinessresearchcompany.com/report/epoxy-primer-global-market-report
Market segments for Epoxy Primer include:
1) By Substrate: Metal, Concrete And Masonry, Fiberglass, Other Substrates
2) By Technology: Solvent-Borne, Waterborne
3) By Application: Building And Construction, Automotive, Marine, Machinery And Equipment, Other Applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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