Epoxy primer Market

Epoxy Primer Market Size & Growth 2023-2028:

Epoxy Primer Market was assessed at $ 8.34 billion in 2022 and is determined to reach $ 10.26 billion in 2028, at an annual rate of 5.6% between 2023-2028

An epoxy primer, epoxy finish, or epoxy sealer is a non-porous liquid coating. Generally, it is applied as a coating liquid on a bare material that must be painted or coated later. Different composites where the epoxy primer is utilized are stainless steel, galvanized steel, fiberglass, ferrous metals, and wood. Materials that have a coating with an epoxy primer have the potential to be waterproof because these primers do not intake atmospheric moisture and do not shield bare material from atmospheric rusting and oxidation. At the time of a fire, epoxy primers escalate the useful life of the base material for some time period and decrease the harm caused to the bare material.

It has excellent strength and adhesion to various substrates like metal, concrete, and fiberglass, and more. It also has water resistance and corrosion inhibition. Therefore, it is preferred in different applications. Epoxy Primer is a non-porous surface finish sealer and is used as the first basecoat. It is used in bumps and cracks due to its exceptional bonding capacity. Epoxy primer is also called a structural steel primer because its two parts are chemically cured by crosslinking.

Epoxy Primer Market Recent Developments in the Industry:

• Induron is pleased to announce the launch of its new product, CeramaPrime Epoxy Primer. With this launch, Induron has distilled the qualities of high-build ceramic epoxy coatings into a fine film. CeramaPrime Epoxy Primer is formulated to offer a range of benefits.

• Roberlo introduces epoxy rebox primer and the latest robocar format. Roberlo introduces the latest epoxy primer in the industry to finish the current variety of primers for body repair. With this new development, Roberlo continues its efforts to meet the increasingly demanding needs of the finishing market.

Epoxy Primer Market Drivers and Restraints:

The massive demand for the product in a multitude of sectors, such as machinery, construction, marine, and automotive, will increase the reach of the epoxy primer market in the coming years. Other than that, the massive requirement to minimize oxide losses will spur the expansion of the epoxy primer market. Epoxy primer coatings help the material become waterproof, protecting it from oxidation. The increasing use of water-based epoxy primers will stimulate market demand. The winning automotive fragment has led to a rising and combined requirement for paint and coatings, furthermore escalating the size of the epoxy primer industry. Increased manufacturing activity worldwide increases the demand for coating and printing applications. Epoxy primers are widely used in the paint and coating industry. Therefore, the increasing demand for paint and coating applications increases the demand for epoxy primers.

The growing adoption of paint and coating applications in various sectors around the world, such as the automotive industry, is increasing the demand for epoxy primers worldwide. The raw materials generally used for the production of coatings and paints include resins, pigments, fillers, additives, and solvents. Resins represent an important part of the manufacture of coatings and paints. Epoxy resins are employed in the manufacturing of epoxy primers. The high costs of epoxy and other resins such as acrylic, alkyd, and urethane are major limitations in the global epoxy primer market. Changing product costs and environmental rules to decrease the employment of epoxy primers produced utilizing solvent-based techniques are hindering industry expansion. However, strict environmental legislation on the use of epoxy primer in the solvent phase is likely to threaten market growth. In addition to this, the oscillating costs of raw materials and the entry of new entrepreneurs into the business can further dampen the increase in the market.

EPOXY PRIMER MARKET REPORT COVERAGE:

Epoxy Primer Market Segmentation as per the research report until 2028.

Epoxy Primer Market - By Substrate:

• Metal

• Concrete & masonry

• Fiberglass

• Others

The metal substrate segment is predicted to have a substantial share of the epoxy primer industry in 2020.

Epoxy Primer Market - By Application:

• Building and Construction

• Automotive

• Marine and machinery

• Equipment

On the basis of application, the building & construction sector is predicted to have the biggest share of the epoxy primer industry in 2019. It is broadly employed on concrete & masonry surfaces for flooring use.

Epoxy Primer Market - By Technology:

• Solvent-based

• Waterborne

Based on the technology, the solvent-based segment would represent the majority of the epoxy primer market. Epoxy primers produced using solvent-based technology have superior characteristics and are used in a wide variety of applications.

Epoxy Primer Market - By Region:

• North America Epoxy Primer Industry includes U.S. and Canada.

• Europe's Epoxy Primer Industry includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & the Rest of Europe.

• Asia Pacific Epoxy Primer Industry includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & the Rest of APAC.

• Latin America Epoxy Primer Industry includes Brazil, Mexico, Argentina, Chile & the Rest of LATAM.

• Middle East & Africa Epoxy Primer Industry includes KSA, UAE, Israel, the rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, and the rest of MEA.

North America is the world's largest market for epoxy primers. The United States is expected to be the leading market for epoxy primers in North America during the forecast period, followed by Canada. Europe has a significant share of the global epoxy primer market, whereas Germany should be the top market in the region from 2020 to 2026. Currently, the Asia-Pacific market represents the largest share in the world of epoxy primers in terms of turnover. This can be attributed to the rising demand for various end applications, such as building and construction, automotive, power generation, oil and gas, and marine in the area. The North American and European markets are expected to post significant growth in the region due to the increasing demand for high-performance epoxy primers in the near future.

Some of the major players operating in the epoxy primer market industry are

1) Axalta Coating Systems

2) Nippon Paint Holdings Company Limited

3) Jotun Group

4) Asian Paints Ltd

5) BASF SE

6) PPG Industries, Inc

7) Akzo Nobel N.V

8) Sherwin-Williams

9) Kansai Paints Company Limited

10) 3M Company