MARKET INTRODUCTION
Epoxy coatings are epoxy resin-based coatings that are made of an epoxy resin and a polyamine hardener component. They are created by combining epoxide resin and a polyamine hardener and allowed to cure. The resulting cured epoxy coating is a rigid, durable plastic coating with a number of superior mechanical properties. Epoxy coatings possess remarkable chemical and mechanical properties such as chemical resistance, strong bond strength, low porosity, durability, wear, and abrasion resistance, and impact resistance.
MARKET DYNAMICS
The increasing demand for epoxy coatings to coat concrete floors is likely to drive the demand for epoxy coatings. Epoxy coatings are prevalently used to protect the underlying concrete surfaces and increase their durability. Anti-slip epoxy floor coatings are in high demand to protect concrete floors and prevent mishaps happening from slipping and skidding in workshops and manufacturing plants. Epoxy floor coatings are also used to protect concrete floors and surfaces in garages, showrooms, airplane hangars, sports complexes, etc. The burgeoning demand for epoxy coatings in the building and construction sector owing to their quick drying and anti-corrosion properties is expected to propel the demand for epoxy coating in the forecast period. Moreover, the growing applications of epoxy coatings in general industrial applications and transportation sectors are anticipated to further propel the epoxy coatings market Government regulations on VOC (volatile organic compounds) emissions is likely to give an impetus to the sales of epoxy coatings which are low in VOC contents and subsequently drive the epoxy coatings market.
MARKET SCOPE
The "Global Epoxy Coatings Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the epoxy coatings market with detailed market segmentation by technology, application, and geography. The global epoxy coatings market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading epoxy coatings market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global epoxy coatings market is segmented on the basis of technology and application. On the basis of technology, the epoxy coatings market is segmented into, waterborne, solvent borne, and powder-based. On the basis of application, the market is bifurcated into, construction, transportation, general industrial, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global epoxy coatings market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The epoxy coatings market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the epoxy coatings market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the epoxy coatings market in these regions.
MARKET PLAYERS
The reports cover key developments in the epoxy coatings market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from epoxy coatings market are anticipated to lucrative growth opportunities in the future with the rising demand for epoxy coatings in the global market. Below mentioned is the list of few companies engaged in the epoxy coatings market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the epoxy coatings market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Akzonobel N.V.
- Axalta Coating Systems LLC
- BASF SE
- Kansai Paint Co. Ltd.
- Nippon Paint Co. Ltd.
- PPG Industries
- RPM International Inc.
- The Sherwin-Williams Company
- The Valspar Corporation
- Tikkurila OYJ
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.