Increasing call for coating and printing applications favors Epoxy Primer Market
Posted by rohan on January 17th, 2020
An epoxy primer or epoxy sealer is a liquid coating that is non-porous by its nature. It is usually applied as a liquid on a material surface before it is painted or coated. Different materials on which the epoxy primer is employed are various types of steel, aluminum, fiberglass, ferrous metals, and wood. Using the epoxy primer makes the material waterproof, as these primers do not absorb atmospheric moisture and protect from corrosion and oxidation. Even in events like fire, epoxy primers escalate the life of the base material by a certain period and decrease the damage caused to the content. The global epoxy primer market was worth USD 320 million in 2019 and is estimated to rise at a CAGR close to 5.1% to reach USD 830 million by 2024.
Market drivers and restraints:
Increase in the making activity across the world is escalating the call for coating and printing applications. Epoxy primers are used in significant amounts in the paints & coatings business. Hence, escalating call for painting and coating applications is increasing the appeal for epoxy primers. Also, growing adoption for paint and coating applications in different segments across the world like automotive and industrial is boosting the demand for epoxy primers globally.
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Report segmented as:
The epoxy primer industry in the Asia Pacific is estimated to witness a noticeable rise over the expected time frame. Furthermore, North America is estimated to lead the overall market over the foreseen period.
Important market players:
Key companies operating in the global epoxy primer market include PPG Industries, Inc., Akzo Nobel N.V., Sherwin-Williams, Axalta Coating Systems, BASF SE, Nippon Paint Holdings Co., Ltd., Jotun Group, Asian Paints Ltd, Kansai Paints Co. Ltd, and 3M Company.
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The Scope of the report:
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About the Authorrohan
Joined: September 20th, 2017
Articles Posted: 1,346
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