Title: Epoxy Coatings Market - Forecast 2021 - 2026
1Epoxy Coatings MarketMarket size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2022-2027
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- Epoxy Coatings market size is forecast to reach
US30.5 billion by 2026, after growing at a CAGR
of 5.2 during 2021-2026. - Properties of epoxy coatings are versatile owing
to which it is increasingly being used in various
end-use industries. Globally, with the rising
building and construction industry, the demand
for commercial epoxy coatings in industrial
flooring applications is also estimated to rise. - Since these coatings provide extra-ordinary
resistance to heat, corrosive chemicals, and UV
light, as compared to polyurethane floor coating
it is widely being preferred by the industrial
finishers as epoxy surface coatings. - Epoxy coatings provide excellent dimensional
stability, extreme toughness, and adhesion to
metals, fibers, glass, and several other material
surfaces.
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- Key Takeaways
- Asia-Pacific region dominates the epoxy coatings
market owing to the rising growth and increasing
investments in the construction industry. For
instance, according to the Department for
Promotion of Industry and Internal Trade (DPIIT),
till December 2020, FDI in the construction
industry stood at US 23.99 billion. - The rising adoption of powder-based epoxy coating
technology due to its low pollution and
non-volatile organic compound emission properties
is estimated to drive market growth in the
upcoming years. - The increasing demand for water-borne coatings in
various industries with properties such as high
mechanical strength and toughness with electrical
and thermal properties will drive the growth of
the epoxy coatings market in the forecast period.
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Epoxy Coatings Market Segment Analysis By
Technology The powder-based segment held the
largest share in the epoxy coatings market in
2020. Powder-based epoxy coatings offer superior
performance and are also economical for
applications that require high abrasion
resistance and hardness. Also, owing to the high
adaptability they are used in various
applications. A controlled high temperature is
even required for curing powder-based coatings.
Furthermore, due to the non-volatile organic
compound emission properties of powder-based
epoxy coatings, this segment is predicted to
continue its dominance and is also likely to
drive the epoxy coatings market in the forecast
period.
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- Epoxy Coatings Market Industry Outlook
- 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 Sherwin Williams Company
- The Valspar Corporation.
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Epoxy Coatings Market - Forecast(2022 -
2027) Learn More About the Report _at_
https//www.industryarc.com/Research/Epoxy-Coatin
gs-Market-Research-500177
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- Analyst Briefing
- Data Tables
- Key Contacts
- Free Customization
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