Epoxy Primer Market Worth $10.91 Billion by 2023
PUNE, India, August 6, 2018 /PRNewswire/ --
The report "Epoxy Primer Market by Substrate (Metal, Concrete & Masonry, and Fiberglass), Application (Building & Construction, Automotive, Marine, and Machinery & Equipment), Technology (Solvent-borne, and Waterborne), and Region-Global Forecast to 2023" published by MarketsandMarkets™, the market is projected to grow from USD 8.52 billion in 2018 to USD 10.91 billion by 2023, at a CAGR of 5.1% between 2018 and 2023. APAC is expected to lead the global Epoxy Primer Market during the forecast period.
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Browse 73 market data Tables and 43 Figures spread through 140 Pages and in-depth TOC on "Epoxy Primer Market"
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Epoxy primer is used as a sealer that produces excellent non-porous finish on applied topcoats. It has superior bonding capacity and offers excellent adhesion to a wide variety of substrates, such as metal, concrete & masonry, wood, fiberglass, and others. It also has water resistant and corrosion inhibiting capabilities. Therefore, it is preferred in different applications, such as building & construction, automotive, marine, and machinery & equipment.
Based on substrate, the metal segment is projected to lead the Epoxy Primer Market during the forecast period.
Based on substrate, the metal segment is expected to lead the global Epoxy Primer Market during the forecast period. Epoxy primers are widely used on metal substrates for different applications such as automotive, marine, aviation, energy, infrastructural structures, and oil & gas. They are preferred for these substrates owing to their excellent adhesion and corrosion, chemicals, and water resistant properties.
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Based on application, the automotive segment is expected to lead the Epoxy Primer Market during the forecast period.
The automotive segment is expected to be the fastest-growing application segment of the Epoxy Primer Market during the forecast period. It is widely preferred in automotive and refinish systems, as they offer excellent adhesion to basecoat and topcoat layers. They also offer excellent resistance to corrosion and solvents.
Based on technology, the solvent-borne segment is expected to lead the Epoxy Primer Market during the forecast period.
The solvent-borne technology is projected to lead the Epoxy Primer Market during the forecast period. Epoxy primers manufactured by using solvent-borne technology are used for a wide variety of substrates, and they offer superior characteristics such as less curing time, excellent adhesion, and resistance to corrosion, abrasion, and chemicals.
APAC is expected to lead the Epoxy Primer Market during the forecast period.
Asia Pacific is expected to be the largest market for epoxy primer during the forecast period. The Epoxy Primer Market in this region is primarily driven by the growing demand for coatings, especially from China, India, and other Southeast Asian countries, and huge investments in construction, automotive, marine, and industrial sectors in this region.
Key global players of the Epoxy Primer Market are Sherwin-Williams (US), PPG Industries (US), AkzoNobel (Netherlands), BASF (Germany), Axalta Coating Systems (US), Kansai Paint (Japan), Nippon Paint (Japan), Tikkurila Oyj (Finland), and RPM International (US).
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