Epoxy Coatings Market is Forecasted to Reach US$ 40.5 Billion in 2030, Says Stratview Research

The global epoxy coatings market is projected to witness a growth rate 4.9% annually from 2024 to 2030 with an anticipated size of US$ 40.5 billion by 2030, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global epoxy coatings market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
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Report Highlights:
Market Size in 2030: US$ 40.5 billion
Growth (CAGR): 4.9% during 2024-2030
Forecast Period: 2024-2030
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 3
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Epoxy Coatings Market:

The global epoxy coatings market is segmented based on technology type, application type, and region.

Based on technology type - The epoxy coatings market is segmented into solvent-borne, waterborne, and powder-based. Powder-based technology is likely to grow at the fastest rate in the market during the forecast period. Epoxy powder-based coatings have become prominent in recent years as a VOC-free coating solution. This market has the potential to grow at a significant rate and is expected to expand with the emergence of new materials, new formulations, and improvements in equipment and application methods of coatings. This is particularly due to rising demand from end-use sectors that include construction, transportation, and general industrial uses.

Based on application type - The market is segmented into construction, transportation, general industrial, and others. Construction is expected to remain the dominant and fastest-growing application type in the market during the forecast period. Construction is the biggest application for epoxy coatings. This sector is gradually growing because of the rising population and urbanization in the Asia-Pacific region and the rest of the world, thus increasing the need for residential, commercial, and industrial properties. Low interest rates on housing loans are increasing demand for new homes, thereby increasing the usage of epoxy coatings in construction projects.

To know the most attractive segments, click here:
https://stratviewresearch.com/3958/epoxy-coatings-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific is expected to remain the largest market for Epoxy Coatings during the forecast period. This growth outlook is majorly attributed to the following-

• Asia-Pacific is the largest market for epoxy coatings and is expected to exhibit the highest CAGR.
• The countries that dominate this regional market include China, India, and Japan with China being the leading in demand.
• The market size of epoxy coatings in terms of volume is comparatively low in the RoW but has a moderate CAGR growth between 2024 and 2030.

Epoxy Coatings Market Drivers:

Some of the key drivers listed in the report are given below.

• The increased number of environmental conservation policies and changing global trends towards the use of environmentally friendly products have boosted the use of waterborne epoxy coatings.
• They are water-based coatings, which are better for the environment as compared to solvent-based products, which emit more VOC.
• The development of new technology positively impacts waterborne epoxy as they are gaining higher demand in industries where low VOC emissions are preferred.

Top Companies in the Epoxy Coatings Market:

Stratview Research has identified the following companies as the top market players.
• BASF SE (Germany)
• AkzoNobel N.V. (Netherlands)
• Axalata Coating System LLC (U.S.),
• PPG Industries (U.S.)
• The Valspar Corporation (U.S.)
• Sherwin-Williams Company (U.S.)
• Nippon Paints Co. Ltd. (Japan)

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Epoxy Coatings Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Related Reports:
• Wood Coating Market: https://stratviewresearch.com/1764/wood-coating-market.html
• Industrial Coatings Market: https://stratviewresearch.com/3646/industrial-coatings-market.html

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This release was published on openPR.