The report "Epoxy Coatings Market by Technology (Solvent borne, Waterborne, and Powder-Based) and Application (Construction, Transportation, General Industrial, and Others) - Forecast to 2021", The global market size of epoxy coatings is projected to reach USD 33.97 Billion by 2021, at a CAGR of 5.22% from 2016.
Browse 111 market data Tables and 58 Figures spread through 162 Pages and in-depth TOC on "Epoxy Coatings Market - Forecast to 2021"
Early buyers will receive 10% customization on this report.
Sample PDF Brochure of Report @ http://www.marketsandmarkets.com/pdfdownload.asp?id=260587393
The major drivers identified for the global epoxy coatings market are growing demand for waterborne epoxy coatings, high growth in end-use industries, and rising demand from developing countries. The demand from construction application is driven by growing urbanization in Asia-Pacific and RoW, which resulted into increased demand for residential, commercial, and industrial infrastructure.
Powder-based epoxy coatings growing at the highest rate
Stringent government regulations in the U.S. and Western Europe, especially to reduce air pollution, will trigger the need for adopting new, low-pollution coating technologies. The demand for epoxy powder-based coatings is expected to increase in the future owing to their non-VOC emission properties, thus providing high growth opportunity to the overall epoxy coatings market.
In the past few years, powder-based epoxy coating has gained substantial popularity as a VOC-free coating technology. This market is expected to grow rapidly in the future with the development of new materials, formulations, and advancement of equipment and application processes. The growth in epoxy powder-based coatings is also driven by high demand from the end-use applications such as construction, transportation, and general industrial.
Asia-Pacific is the largest market for epoxy coatings
Asia-Pacific is the largest market for epoxy coatings, both in terms of volume and value, followed by RoW and Europe. Countries such as the U.S., China, and Germany are the major markets of epoxy coatings. Due to the increasing demand on domestic front, rising income levels, and easy access to resources, Asia-Pacific has emerged as the leading market of epoxy coatings. South America, especially Brazil, has also emerged as a key market for epoxy coatings manufacturers. Not only is the demand for epoxy coatings expected to be strong in Brazil, but its proximity to the U.S. makes it an emerging market for setting up production facilities.
Key players in the epoxy coatings market
The key players in the epoxy coatings market are AkzoNobel N.V. (Netherlands), Axalta Coating Systems(U.S.), BASF (Germany), Berger Paints India Limited (India), Kansai Paint Company Limited (Japan), Nippon Paint Company Limited(Japan), PPG Industries Inc. (U.S.), RPM International Inc. (U.S.), The Sherwin Williams Company (U.S.), The Valspar Corporation (U.S.), and Tikkurila Oyj (Finland).
Browse related Reports:
Waterborne Coatings Market by Resin (Acrylic, Polyester, Alkyd, Epoxy, Polyurethane, PTFE, PVDF, PVDC), by Application (Architectural, Automotive, General Industrial, Protective, Wood, Marine, Packaging, Coil), by Region - Global Forecast to 2020
Paints & Coatings Market by Resin Type (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester, & Others), by Technology (Waterborne, Solvent Borne, High Solids, Powder & Others), by Application (Architectural & Paints) - Global Forecasts to 2020
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets