Epoxy Coatings Market – Growth, Trends, and Forecast (2019 – 2024)

The Epoxy Coatings Market is segmented by Technology (Water-based, Solvent-based, and Powder-based), By End-user Industry (Building and Construction, Automotive, Transportation, Industrial, and Other End-user Industries), and Geography.

Market Snapshot

Epoxy Coatings Market- Market Summary
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

Key Players:

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Market Overview

The market for epoxy coatings is expected to expand at a CAGR of more than 4.07% during the forecast period of 2019 – 2024. The major factors driving the market studied are growth in powder-based epoxy market, due to the absence of VOC, and increasing demand for water-borne epoxy coatings. However, stringent regulations on VOC emissions are expected to hinder the growth of the market studied.

  • The introduction of epoxies with minimal or no VOC emissions is likely to act as an opportunity in the future.
  • In 2018, Asia-Pacific dominated the market across the world with the largest consumption.

 

Scope of the Report

The epoxy coatings market report includes:

By Technology
Water-based
Solvent-based
Powder-based
By End-user Industry
Building and Construction
Automotive
Transportation
Industrial
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Australia & New Zealand
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
United Arab Emirates
Rest of Middle East & Africa

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Key Market Trends

Increasing Demand from the Building and Construction Industry

  • Epoxy coatings are majorly used for quick drying, protective coating, etc., for floors, metal, and other material. Epoxy coatings can be used as epoxy floor paints in an application, such as industrial or commercial for flooring applications.
  • It is used over concrete floors in commercial and industrial applications, such as in airplane hangars, commercial and retail stores, industrial plants, manufacturing plants, hospitals, showrooms, garages, etc.
  • The building and construction activities are increasing in many countries, such as the United States, China, India, etc.
  • In 2018, the construction industry in the public and privates sector was around USD 302 billion and USD 992 billion, respectively. The construction industry in the public sector increased by 7% from the previous year and the private sector increased by 3.01% from the previous year.
  • Moreover, the construction industry in China increased by 6.1% in 2018 from the previous year. In 2019, the construction industry of China is expected to expand by 6%.
  • Such positive growth in the building and construction industry is likely to increase the demand for epoxy coatings, during the forecast period.
Epoxy Coatings Market- Segmentation

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Asia-Pacific Region to Dominate the Market

  • Asia-Pacific is the largest market across the world, with a 45% share of the epoxy coatings market.
  • In the region, China, India, and Japan account for higher shares. China has a share of around 56% of the demand for epoxy coatings in the region.
  • The conversion of the paints and coatings manufacturers to service providers makes it a highly productive option.
  • The manufacturers are also providing the service of painting job as well. This is being done with the help of trained contractors as partners.
  • India is to grow at a faster rate than China, thus, providing new opportunities for the epoxy coatings market.
  • The aforementioned factors are expected to increase the demand for epoxy coatings in Asia-Pacific, during the forecast period.
Epoxy Coatings Market- Trends

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Competitive Landscape

The epoxy coatings market is semi-consolidated. The major companies include PPG Industries Inc., AkzoNobel NV, Axalta Coating Systems LLC, The Sherwin-Williams Company, Nippon Paints, etc.

Major Players

  1. PPG Industries Inc.
  2. AkzoNobel NV
  3. Axalta Coating Systems LLC
  4. The Sherwin-Williams Company
  5. Nippon Paints

* Complete list of players covered available in the table of contents below

Epoxy Coatings Market- Market Concentration

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand for Water-borne Epoxy Coatings

      2. 4.1.2 Growth in Powder-based Epoxy Market, due to the Absence of VOC

    2. 4.2 Restraints

      1. 4.2.1 Stringent Regulation on VOC Emissions

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Technology

      1. 5.1.1 Water-based

      2. 5.1.2 Solvent-based

      3. 5.1.3 Powder-based

    2. 5.2 By End-user Industry

      1. 5.2.1 Building and Construction

      2. 5.2.2 Automotive

      3. 5.2.3 Transportation

      4. 5.2.4 Industrial

      5. 5.2.5 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 ASEAN Countries

        6. 5.3.1.6 Australia & New Zealand

        7. 5.3.1.7 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

        4. 5.3.2.4 Rest of North America

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 United Arab Emirates

        4. 5.3.5.4 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Advanced Environmental Services Inc.

      2. 6.4.2 AkzoNobel NV

      3. 6.4.3 Asian Paints

      4. 6.4.4 Axalta Coating Systems LLC

      5. 6.4.5 BASF SE

      6. 6.4.6 Berger Paints India Limited

      7. 6.4.7 Epoxy-Coat

      8. 6.4.8 The Euclid Chemical Company

      9. 6.4.9 Graco Inc.

      10. 6.4.10 Kansai Paint Co. Ltd

      11. 6.4.11 KOSTER American Corporation

      12. 6.4.12 NIPPONPAINT Co. Ltd

      13. 6.4.13 PPG Industries

      14. 6.4.14 RPM International Inc.

      15. 6.4.15 Tennant Coatings

      16. 6.4.16 The Sherwin-Williams Company

      17. 6.4.17 Tikkurila OYJ

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Introduction of Epoxies with Minimal or No VOC Emissions

**Subject to Availability

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