Press release
Epoxy Primer Market Accelerates with Emerging Technology and Key Players: Growth Projections till 2029
Epoxy Primer Market Size
The Epoxy Primer Market is witnessing an accelerated growth due to advancements in formulations, demands from automotive and aerospace sectors, and the proliferation of emerging markets.
What Is The Projected Market Size Of The Global Epoxy Primer Market And Its Growth Rate?
• The global epoxy primer market is currently valued at $10.88 billion in 2024 and projected to attain the valuation of $11.62 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%.
• The market is expected to further grow to $15.97 billion in 2029 at a compound annual growth rate (CAGR) of 8.3%.
• The growth can be primarily attributed to infrastructure development, corrosion prevention, and industrialization.
What Is Driving The Growth In The Epoxy Primer Market?
The significant surge in the automotive industry is projected to boost the growth of the global epoxy primer market. Epoxy coatings are leveraged in the automotive industry as primers to enhance the adherence of metal surfaces since paints play a critical role in combating corrosion. With the exponential increase in vehicle production, the demand for epoxy primers has shot up. For instance, as per the India Brand Equity Foundation (IBEF), vehicle production in India amounted to 22.93 million vehicles in 2022. This steep rise in the automotive industry is driving the growth of the epoxy primer market.
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Who Are the Key Players Driving Epoxy Primer Market Growth?
• PPG Industries Inc.
• Akzo Nobel N.V.
• Sherwin-Williams
• Axalta Coating Systems LLC
• BASF SE
• Berger Paints India Limited
• Chugoku Marine Paints Ltd.
• Hempel A/S
• Jotun A/S
• Kansai Paint Co. Ltd.
• Nippon Paint Co. Ltd.
• RPM International Inc.
• Tikkurila Oyj
• Asian Paints Ltd.
• Carboline Company
• Cloverdale Paint Inc.
• Diamond Vogel Paints
• International Paint Ltd.
• J.W. Ostendorf GmbH & Co. KG
• KCC Corporation
• Mascoat
• NPA Coatings Inc.
• Rust-Oleum Corporation
• Tnemec Company Inc.
• Valspar Corporation
What Are The Key Trends In The Epoxy Primer Market?
• High-performance epoxy primers
• Waterborne epoxy primers
• Concrete substrate priming
• Hybrid epoxy primers
• Nanotechnology in epoxy primers
What Are The Segments Of The Global Epoxy Primer Market?
• 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
Which Region Leads The Epoxy Primer Market?
The Asia-Pacific region led the epoxy primer market in 2024 and is anticipated to continue its dominance in the coming years. The region's fast-paced development, fuelled by regulatory compliance, defense and military applications, sustainable coatings, and renewable energy infrastructure, has served as a powerful market driver.
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What Is Covered In The Epoxy Primer Market Global Market Report?
- Market Size Analysis: Analyze the Epoxy Primer Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Epoxy Primer Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Epoxy Primer Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Epoxy Primer Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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