Global Epoxy Coating Market, By Technology (Water-Borne, Solvent-Borne, Powder-Based), By Applicatio

Published Date: | Report Code : CH1923896

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The Epoxy Coating Market is expected to promise high growth owing to the increasing demand for water-borne epoxy coating in developing economies in recent years. Increasing demand from applications including adhesives, construction, semiconductor devices, transportation, paints, others are expected to drive the growth of the market.

An epoxy coating is the use of epoxy compounds as coatings or paints. It is generally subdivided into two parts, which are mixed prior to application and consists of an epoxy resin that is cross-linked with a coreactant or hardener. Epoxy coatings typically dry to the touch within three hours and are fully cured after seven days at 25°C. The curing reaction slows rapidly at temperatures below 10°C.

Epoxy coating films are strongly resistant to most chemicals and make excellent anti-corrosion coatings. They are one of the principal materials used to control corrosion in the marine environment.

When properly catalyzed and applied, epoxies produce a hard, chemical, solvent resistant finish. It is the specific selection and combination of the epoxy and hardener components that determine the final characteristics and suitability of the epoxy coating for a given environment.

Key Factors Impacting Market Growth:

  • Increase in demand for water-borne epoxy coating in developing economies
  • Due to the expansion of the automotive industry, epoxy coatings market is growing
  • High prices of production

Regional Analysis: 

On the basis of the region, the epoxy coating market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe are some of the major markets that are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe.  This region has been witnessing a number of transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines with regard to environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. Some of the major economies in these regions include the US, Germany, UK, France, Canada, Italy, Spain, and so on.

The Asia Pacific and the Middle East are expected to register substantial growth in the epoxy coating market during the forecast period. This demand is with regard to the growth of major end-use industries/Applications such as adhesives, construction, semiconductor devices, transportation, paints, others. Major countries in the Asia Pacific region include China, South Korea, Japan, India, Australia, and so on. Middle East includes the UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region.  Rest the World that includes South America and Africa has a strong potential for the epoxy coating market. There has been an increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for the epoxy coating market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

Companies Covered:  BASF, Axalta Coating Systems, Berger Paints India Limited, Kansai Paint Company Limited, AkzoNobel N.V., PPG Industries Inc., Tikkurila Oyj, RPM International Inc., Nippon Paint Company Limited, The Valspar Corporation, and The Sherwin Williams Company

Market Segmentation:

By Technology:

  • Water-Borne
  • Solvent-Borne
  • Powder-Based

By Application:

  • Adhesives
  • Construction
  • Semiconductor Devices
  • Transportation
  • Paints
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Technology
    • By Application
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Material
    • By Type
    • By Application
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Technology
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Technology
    • By Application
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Technology
    • By Application
  • Rest of the World
    • By Region (South America, Africa)
    • By Technology
    • By Application 

Reasons To Buy This Report:

  • Market size estimation of the global epoxy market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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