Epoxy Primer Market Booms: Set to Reach $14.58 Billion by 2028 with Automotive and Aerospace Industries Fueling Growth

Year End Offer By The Business Research Company - Get 33% Discount On Opportunities And Strategies Reports

The epoxy primer market has witnessed robust growth, surging from $10.22 billion in 2023 to an estimated $10.95 billion in 2024, showcasing a commendable Compound Annual Growth Rate (CAGR) of 7.1%. The market is poised for sustained expansion, with a projected elevation to $14.58 billion by 2028, underpinned by a strong CAGR of 7.4%.

Driving Factors:
Automotive Industry Surge:
The thriving automotive industry is anticipated to be a prime catalyst propelling the growth of the epoxy primer market. Epoxy coatings play a crucial role in this sector, serving as primers to enhance metal surface adhesion crucial for corrosion resistance in automotive paints. Notably, the India Brand Equity Foundation reported a substantial vehicle production in India, reaching 22.93 million vehicles in 2022. This surge in automotive activities contributes significantly to the escalating demand for epoxy primers.

Aerospace Industry Growth:
The expanding aerospace industry is expected to be a significant driver for the epoxy primer market. In aerospace applications, epoxy primers provide protective and corrosion-resistant coatings for aircraft surfaces, ensuring durability, safety, and minimizing maintenance needs. For instance, Airbus SE reported a noteworthy delivery of 661 commercial aircraft to 84 customers in 2022, indicating an 8% increase from the previous year. This growth trend in the aerospace sector contributes to the escalating demand for epoxy primers.

Explore the Global Epoxy Primer Market with a Detailed Sample Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7675&type=smp

Key Market Players:
Major players shaping the epoxy primer market include PPG Industries Inc., Akzo Nobel N.V., Sherwin-Williams, Axalta Coating Systems LLC, and others. These industry leaders contribute significantly to market advancements and innovations.

Innovations & Trends:
Technological Advancements:
Technological innovation emerges as a pivotal trend in the epoxy primer market, with companies adopting new technological solutions to maintain their market standing. Applied Graphene Materials, a UK-based company, exemplifies this trend with the launch of Genable technology-infused anti-corrosion epoxy primers in December 2021. These primers offer improved performance and corrosion protection in harsh environments.

Corrosion-Resistant Primers:
Market players are increasingly focusing on introducing corrosion-resistant primers to gain a competitive edge. Nippon Paint Marine Coatings Co. Ltd., a Japan-based chemical company, launched a new universal primer as part of its E-Marine range of paints. This primer, formulated to meet the Performance Standard for Protective Coatings (PSPC), provides excellent corrosion resistance for newly constructed vessels in marine environments.

Global Landscape:
In 2023, Asia-Pacific dominated the epoxy primer market, and the region is expected to continue its rapid growth during the forecast period. The comprehensive market coverage spans Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Segmentation Insights:
The epoxy primer market covered in this report is segmented -
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

Access the Complete Report for In-Depth Analysis:
https://www.thebusinessresearchcompany.com/report/epoxy-primer-global-market-report

Epoxy Primer Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Epoxy Primer Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on epoxy primer market size, epoxy primer market drivers and trends, epoxy primer market major players, competitors' revenues, market positioning, and epoxy primer market growth across geographies. The epoxy primer market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

Browse Through More Similar Reports By The Business Research Company:
Epoxy Adhesives Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/epoxy-adhesives-global-market-report

Epoxy Resin Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/epoxy-resin-global-market-report

Water-Based Adhesives Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/waterbased-adhesives-global-market-report

Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx

About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 6500+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Global Market Model - Market Intelligence Database
The Global Market Model, The Business Research Company's flagship product, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users assess supply-demand gaps.

This release was published on openPR.