Epoxy Coating Market Size, Strategic Trends, Growth Drivers and Forecast to 2030

Surging demand from the building & construction and automotive & transportation sectors, coupled with rapid commercial infrastructure development, is propelling the growth of the global epoxy coating market.

According to a report published by Allied Market Research titled "Epoxy Coating Market by Technology (Water-based, Solvent-based, and Powder-based) and Application (Building & Construction, Transportation, Industrial, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030," the market was valued at $28.3 billion in 2020 and is projected to reach $48.7 billion by 2030, registering a CAGR of 5.6% from 2021 to 2030.

Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/1645

Market Dynamics:-

Key Growth Drivers:

- Rising demand across construction, automotive, and transportation sectors

- Increasing adoption in commercial infrastructure projects

- Expanding industrial applications requiring durable protective coatings

Market Restraints:

- Availability of alternative coating solutions
- Fluctuations in epoxy resin prices

Emerging Opportunities:

- Growing adoption of high-solid epoxy coatings, driven by improved performance and lower VOC emissions

In 2020, epoxy coating prices surged in the Asia-Pacific region due to strong demand and limited product availability. However, prices are expected to gradually stabilize as supply chains recover and industrial activities normalize.

Segment Insights:-

By Technology:

- Solvent-based coatings dominated the market in 2020, accounting for nearly two-fifths of the global share and are expected to maintain their leadership through 2030. Their resilience to atmospheric conditions such as humidity and temperature during curing supports their widespread usage.

- Meanwhile, powder-based coatings are projected to register the fastest CAGR of 6.1% during the forecast period. Their chemical resistance, flexibility, and superior adhesion make them ideal for industrial equipment, metal furniture, and automotive underbody components.

By Application:

- The building & construction segment led the market in 2020, contributing around two-fifths of the total share. Growth is driven by increased government spending in developing nations such as China and India on housing, infrastructure, and township development.

- The transportation segment is anticipated to grow at the fastest CAGR of 5.9%, supported by rising demand for reliable transportation infrastructure and protective coatings for floors, container walls, and related components.

Regional Analysis:

- Asia-Pacific, followed by North America, held the largest market share in 2020, accounting for more than two-fifths of the global market. The region is also expected to register the highest CAGR of 6.3% during the forecast period, driven by strong demand from consumer electronics, transportation, construction, and industrial sectors.

Key Market Players:

- Akzo Nobel N.V.
- Axalta Coating Systems, LLC
- Endura Manufacturing Company Ltd.
- Kansai Paint Co., Ltd.
- Nippon Paint Holdings Co., Ltd.
- PPG Industries, Inc.
- RPM International Inc.
- TAO-CHUGOKU CO., LTD.
- The Sherwin-Williams Company
- Thermal-Chem Corporation

Overall, the epoxy coating market is poised for steady expansion, supported by infrastructure growth, industrial demand, and technological advancements in coating formulations.

Obtain Report Details: https://www.alliedmarketresearch.com/epoxy-coatings-market

Contact:

David Correa

United States

1209 Orange Street,

Corporation Trust Center,

Wilmington, New Castle,

Delaware 19801 USA.

Int'l: +1-503-894-6022

Toll Free: +1-800-792-5285

Fax: +1-800-792-5285

help@alliedmarketresearch.com

About Us

Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.