Epoxy Coatings Market Key Findings by 2031
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 2031" 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 2021 to 2031 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.
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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 2021 to 2031 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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Epoxy Coatings Market - By Technology
1.3.2 Epoxy Coatings Market - By Application
1.3.3 Epoxy Coatings Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. EPOXY COATINGS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. EPOXY COATINGS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. EPOXY COATINGS MARKET - GLOBAL MARKET ANALYSIS
6.1. EPOXY COATINGS - GLOBAL MARKET OVERVIEW
6.2. EPOXY COATINGS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. EPOXY COATINGS MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
7.1. OVERVIEW
7.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
7.3. WATERBORNE
7.3.1. Overview
7.3.2. Waterborne Market Forecast and Analysis
7.4. SOLVENT BORNE
7.4.1. Overview
7.4.2. Solvent Borne Market Forecast and Analysis
7.5. POWDER-BASED
7.5.1. Overview
7.5.2. Powder-Based Market Forecast and Analysis
8. EPOXY COATINGS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. CONSTRUCTION
8.3.1. Overview
8.3.2. Construction Market Forecast and Analysis
8.4. TRANSPORTATION
8.4.1. Overview
8.4.2. Transportation Market Forecast and Analysis
8.5. GENERAL INDUSTRIAL
8.5.1. Overview
8.5.2. General Industrial Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. EPOXY COATINGS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Epoxy Coatings Market Overview
9.1.2 North America Epoxy Coatings Market Forecasts and Analysis
9.1.3 North America Epoxy Coatings Market Forecasts and Analysis - By Technology
9.1.4 North America Epoxy Coatings Market Forecasts and Analysis - By Application
9.1.5 North America Epoxy Coatings Market Forecasts and Analysis - By Countries
9.1.5.1 United States Epoxy Coatings Market
9.1.5.1.1 United States Epoxy Coatings Market by Technology
9.1.5.1.2 United States Epoxy Coatings Market by Application
9.1.5.2 Canada Epoxy Coatings Market
9.1.5.2.1 Canada Epoxy Coatings Market by Technology
9.1.5.2.2 Canada Epoxy Coatings Market by Application
9.1.5.3 Mexico Epoxy Coatings Market
9.1.5.3.1 Mexico Epoxy Coatings Market by Technology
9.1.5.3.2 Mexico Epoxy Coatings Market by Application
9.2. EUROPE
9.2.1 Europe Epoxy Coatings Market Overview
9.2.2 Europe Epoxy Coatings Market Forecasts and Analysis
9.2.3 Europe Epoxy Coatings Market Forecasts and Analysis - By Technology
9.2.4 Europe Epoxy Coatings Market Forecasts and Analysis - By Application
9.2.5 Europe Epoxy Coatings Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Epoxy Coatings Market
9.2.5.1.1 Germany Epoxy Coatings Market by Technology
9.2.5.1.2 Germany Epoxy Coatings Market by Application
9.2.5.2 France Epoxy Coatings Market
9.2.5.2.1 France Epoxy Coatings Market by Technology
9.2.5.2.2 France Epoxy Coatings Market by Application
9.2.5.3 Italy Epoxy Coatings Market
9.2.5.3.1 Italy Epoxy Coatings Market by Technology
9.2.5.3.2 Italy Epoxy Coatings Market by Application
9.2.5.4 United Kingdom Epoxy Coatings Market
9.2.5.4.1 United Kingdom Epoxy Coatings Market by Technology
9.2.5.4.2 United Kingdom Epoxy Coatings Market by Application
9.2.5.5 Russia Epoxy Coatings Market
9.2.5.5.1 Russia Epoxy Coatings Market by Technology
9.2.5.5.2 Russia Epoxy Coatings Market by Application
9.2.5.6 Rest of Europe Epoxy Coatings Market
9.2.5.6.1 Rest of Europe Epoxy Coatings Market by Technology
9.2.5.6.2 Rest of Europe Epoxy Coatings Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Epoxy Coatings Market Overview
9.3.2 Asia-Pacific Epoxy Coatings Market Forecasts and Analysis
9.3.3 Asia-Pacific Epoxy Coatings Market Forecasts and Analysis - By Technology
9.3.4 Asia-Pacific Epoxy Coatings Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Epoxy Coatings Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Epoxy Coatings Market
9.3.5.1.1 Australia Epoxy Coatings Market by Technology
9.3.5.1.2 Australia Epoxy Coatings Market by Application
9.3.5.2 China Epoxy Coatings Market
9.3.5.2.1 China Epoxy Coatings Market by Technology
9.3.5.2.2 China Epoxy Coatings Market by Application
9.3.5.3 India Epoxy Coatings Market
9.3.5.3.1 India Epoxy Coatings Market by Technology
9.3.5.3.2 India Epoxy Coatings Market by Application
9.3.5.4 Japan Epoxy Coatings Market
9.3.5.4.1 Japan Epoxy Coatings Market by Technology
9.3.5.4.2 Japan Epoxy Coatings Market by Application
9.3.5.5 South Korea Epoxy Coatings Market
9.3.5.5.1 South Korea Epoxy Coatings Market by Technology
9.3.5.5.2 South Korea Epoxy Coatings Market by Application
9.3.5.6 Rest of Asia-Pacific Epoxy Coatings Market
9.3.5.6.1 Rest of Asia-Pacific Epoxy Coatings Market by Technology
9.3.5.6.2 Rest of Asia-Pacific Epoxy Coatings Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Epoxy Coatings Market Overview
9.4.2 Middle East and Africa Epoxy Coatings Market Forecasts and Analysis
9.4.3 Middle East and Africa Epoxy Coatings Market Forecasts and Analysis - By Technology
9.4.4 Middle East and Africa Epoxy Coatings Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Epoxy Coatings Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Epoxy Coatings Market
9.4.5.1.1 South Africa Epoxy Coatings Market by Technology
9.4.5.1.2 South Africa Epoxy Coatings Market by Application
9.4.5.2 Saudi Arabia Epoxy Coatings Market
9.4.5.2.1 Saudi Arabia Epoxy Coatings Market by Technology
9.4.5.2.2 Saudi Arabia Epoxy Coatings Market by Application
9.4.5.3 U.A.E Epoxy Coatings Market
9.4.5.3.1 U.A.E Epoxy Coatings Market by Technology
9.4.5.3.2 U.A.E Epoxy Coatings Market by Application
9.4.5.4 Rest of Middle East and Africa Epoxy Coatings Market
9.4.5.4.1 Rest of Middle East and Africa Epoxy Coatings Market by Technology
9.4.5.4.2 Rest of Middle East and Africa Epoxy Coatings Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Epoxy Coatings Market Overview
9.5.2 South and Central America Epoxy Coatings Market Forecasts and Analysis
9.5.3 South and Central America Epoxy Coatings Market Forecasts and Analysis - By Technology
9.5.4 South and Central America Epoxy Coatings Market Forecasts and Analysis - By Application
9.5.5 South and Central America Epoxy Coatings Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Epoxy Coatings Market
9.5.5.1.1 Brazil Epoxy Coatings Market by Technology
9.5.5.1.2 Brazil Epoxy Coatings Market by Application
9.5.5.2 Argentina Epoxy Coatings Market
9.5.5.2.1 Argentina Epoxy Coatings Market by Technology
9.5.5.2.2 Argentina Epoxy Coatings Market by Application
9.5.5.3 Rest of South and Central America Epoxy Coatings Market
9.5.5.3.1 Rest of South and Central America Epoxy Coatings Market by Technology
9.5.5.3.2 Rest of South and Central America Epoxy Coatings Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. EPOXY COATINGS MARKET, KEY COMPANY PROFILES
11.1. AKZONOBEL N.V.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AXALTA COATING SYSTEMS LLC
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BASF SE
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. KANSAI PAINT CO. LTD.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. NIPPON PAINT CO. LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. PPG INDUSTRIES
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. RPM INTERNATIONAL INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. THE SHERWIN-WILLIAMS COMPANY
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. THE VALSPAR CORPORATION
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TIKKURILA OYJ
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Akzonobel N.V.
2. Axalta Coating Systems LLC
3. BASF SE
4. Kansai Paint Co. Ltd.
5. Nippon Paint Co. Ltd.
6. PPG Industries
7. RPM International Inc.
8. The Sherwin-Williams Company
9. The Valspar Corporation
10. Tikkurila OYJ
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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