Epoxy Coatings Market Size and Share

Epoxy Coatings Market (2025 - 2030)
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Epoxy Coatings Market Analysis by Mordor Intelligence

The Epoxy Coatings Market size is estimated at USD 37.75 billion in 2025, and is expected to reach USD 44.79 billion by 2030, at a CAGR of 3.48% during the forecast period (2025-2030). The measured pace mirrors a mature sector that is balancing tougher emission rules with widening end-use demands. Manufacturers are channeling investment toward sustainable chemistries, particularly waterborne technologies that curb volatile organic compounds. Construction, automotive, and industrial customers are pivoting toward these low-VOC offerings to comply with tightening air-quality mandates and to improve workplace safety. Portfolio optimization, such as divestitures of commodity lines and acquisitions of high-performance assets, has become the dominant competitive tactic as suppliers reposition around specialty applications and regional growth hotspots.

Key Report Takeaways

  • By technology, water-based systems held 42.25% of the epoxy coatings market share in 2024 and are advancing at a 4.55% CAGR through 2030.
  • By end-user industry, the building and construction segment led with 40.87% revenue share in 2024; industrial applications are projected to expand at a 3.79% CAGR to 2030.
  • By geography, Asia-Pacific commanded 46.78% of the epoxy coatings market share in 2024 and is progressing at a 3.92% CAGR through 2030.

Segment Analysis

By Technology: Waterborne Systems Drive Environmental Compliance

Water-based chemistries contributed 42.25% of 2024 revenue and hold the top growth slot at 4.55% CAGR. Cost competitiveness has improved as raw-material suppliers develop amine adducts and self-crosslinking resins that cure under ambient conditions. Solvent-borne grades continue in marine, oil-and-gas, and heavy-equipment segments where extreme corrosion resistance overrides VOC concerns. Powder coatings account for a rising but still minority share; adoption is pacing automotive wheels, home appliances, and metal furniture. Graphene-reinforced powders have proven to double corrosion-protection cycle time in salt-spray testing. 

Waterborne suppliers emphasize cradle-to-grave sustainability metrics: zero-hot-spot life-cycle assessments, reduced plant ventilation needs, and lower insurance premiums. Production of two-component packs in minimal-plastic, returnable containers further cuts scope-3 emissions, aligning with customer net-zero roadmaps. Powder-coating vendors target decarbonization by promoting low-temperature cure chemistries that save furnace energy and enable coating of heat-sensitive substrates.

Epoxy Coatings Market: Market Share by Technology
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Note: Segment shares of all individual segments available upon report purchase

By End-User Industry: Construction Leads While Industrial Applications Accelerate

The building and construction sector generated 40.87% of 2024 revenue, anchored by infrastructure upgrades and urban housing demand in emerging economies. Protective barrier coatings on rebar, steel bridges, and tunnel linings dominate volume and often specify high-build epoxies paired with polyurethane topcoats. Within construction, decorative floor systems add antimicrobial additives to support hospitals and retail projects. 

The industrial cohort, though smaller today, is expanding at a 3.79% CAGR. Food-and-beverage processors and pharmaceutical cleanrooms are the largest contributors, selecting epoxy floorings that meet FDA and GMP standards. Automotive and wider transportation users embed nanofillers and UV-curable binders to cut cycle times on high-throughput paint lines. Aerospace composites leverage two-part injection-moldable epoxies to reduce weight in fuselage panels. 

Epoxy Coatings Market: Market Share by End-user Industry
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Note: Segment shares of all individual segments available upon report purchase

Geography Analysis

Asia-Pacific accounted for 46.78% of global sales in 2024, reflecting its broad manufacturing base and relentless infrastructure build-out. China represents more than half of regional demand and is intensifying its transition to waterborne exterior wall coatings under municipal solvent bans. India’s Smart Cities Mission and Indonesia’s toll-road expansions funnel epoxy orders into bridges, airports, and mass-transit depots. The epoxy coatings market is forecast to grow by a 3.92% CAGR in the region. Local suppliers with in-country hubs enjoy tariff advantages and faster delivery times, especially in Indonesia, where paint imports face incremental duties.

North America remains a technology leader through rapid-cure and composite-compatible systems designed for aerospace and electric-vehicle plants. Retrofit demand, such as factory floors, oil-pipeline refurbishment, and offshore platforms, maintains a steady baseline consumption even in flat macro cycles. European demand is driven by the renovation of aged infrastructure and progressive VOC legislation that accelerates solvent-to-water conversions. Customers are willing to pay premiums for coatings certified under Ecolabel frameworks that validate low life-cycle emissions.

South America, the Middle East, and Africa offer incremental but uneven growth. Brazil is experiencing renewed foreign investment, exemplified by a USD 1.15 billion acquisition that broadens local distribution reach. Currency swings and political risk temper project pipelines, yet contractors continue to specify durable linings to extend asset life under harsh environmental conditions.

Epoxy Coatings Market CAGR (%), Growth Rate by Region
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Competitive Landscape

The industry is moderately fragmented. Sherwin-Williams acquired BASF’s Brazilian paints business for USD 1.15 billion, capturing a dominant brand and nationwide retail network. Technology differentiation now hinges on rapid-cure additives, thermally conductive fillers, and bio-based precursors. Emergent players focus on niche performance gaps: UV-curable clearcoats for luxury electronics, self-healing linings for chemical tanks, and antimicrobial powders for healthcare furniture. Partnerships with raw-material innovators and academic consortia accelerate proof-of-concept pilot lines. 

Epoxy Coatings Industry Leaders

  1. PPG Industries, Inc.

  2. AkzoNobel N.V.

  3. Axalta Coating Systems LLC

  4. BASF

  5. The Sherwin-Williams Company

  6. *Disclaimer: Major Players sorted in no particular order
Epoxy Coatings Market - Market Concentration
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Recent Industry Developments

  • February 2025: Sherwin-Williams agreed to acquire BASF’s Brazilian architectural paints unit, Suvinil, for USD 1.15 billion in cash. This is expected to boost the company's presence in the region.
  • October 2024: Sherwin-Williams completed a capacity expansion at its Tournus, France site, boosting valPure V70 non-BPA epoxy production by 70%.

Table of Contents for Epoxy Coatings Industry Report

1. Introduction

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Waterborne Epoxy Penetration Rising in Industrial Protective Coatings
    • 4.2.2 Construction Sector Expansion in APAC and Africa
    • 4.2.3 Industrial Flooring Upgrades in Food and Beverage Plants
    • 4.2.4 Rapid-Cure UV/LED-Curable Epoxy Technologies Enabling Higher Throughput
    • 4.2.5 EV Battery Casings and Motor Housings Need Chemically Resistant Coats
  • 4.3 Market Restraints
    • 4.3.1 Stringent Global VOC/HAP Emission Limits on Solvent-Based Systems
    • 4.3.2 BPA and Epichlorohydrin Price Volatility Disrupting Cost Structures
    • 4.3.3 Limited Supply of Certified Bio-Based Epoxy Precursors
  • 4.4 Value Chain Analysis
  • 4.5 Porter's Five Forces
    • 4.5.1 Bargaining Power of Suppliers
    • 4.5.2 Bargaining Power of Buyers
    • 4.5.3 Threat of New Entrants
    • 4.5.4 Threat of Substitutes
    • 4.5.5 Competitive Rivalry

5. Market Size and Growth Forecasts (Value)

  • 5.1 By Technology
    • 5.1.1 Water-based
    • 5.1.2 Solvent-based
    • 5.1.3 Powder-based
  • 5.2 By End-user Industry
    • 5.2.1 Building and Construction
    • 5.2.2 Automotive
    • 5.2.3 Transportation
    • 5.2.4 Industrial
    • 5.2.5 Others
  • 5.3 By Geography
    • 5.3.1 Asia-Pacific
    • 5.3.1.1 China
    • 5.3.1.2 India
    • 5.3.1.3 Japan
    • 5.3.1.4 South Korea
    • 5.3.1.5 ASEAN
    • 5.3.1.6 Rest of Asia-Pacific
    • 5.3.2 North America
    • 5.3.2.1 United States
    • 5.3.2.2 Canada
    • 5.3.2.3 Mexico
    • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 United Kingdom
    • 5.3.3.3 France
    • 5.3.3.4 Italy
    • 5.3.3.5 NORDIC
    • 5.3.3.6 Russia
    • 5.3.3.7 Rest of Europe
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
    • 5.3.5 Middle-East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 United Arab Emirates
    • 5.3.5.3 South Africa
    • 5.3.5.4 Rest of Middle-East and Africa

6. Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share (%)/Ranking Analysis
  • 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
    • 6.4.1 AkzoNobel N.V.
    • 6.4.2 Asian Paints
    • 6.4.3 Axalta Coating Systems LLC
    • 6.4.4 BASF
    • 6.4.5 Berger Paints India
    • 6.4.6 Diamond Vogel
    • 6.4.7 DuluxGroup Ltd
    • 6.4.8 Hempel A/S
    • 6.4.9 Jotun
    • 6.4.10 Kansai Paint Co., Ltd.
    • 6.4.11 Koster Bauchemie AG
    • 6.4.12 Nippon Paint Holdings Co., Ltd.
    • 6.4.13 Pidilite Industries Limited
    • 6.4.14 PPG Industries, Inc.
    • 6.4.15 RPM International Inc.
    • 6.4.16 Sika AG
    • 6.4.17 The Euclid Chemical Company
    • 6.4.18 The Sherwin-Williams Company
    • 6.4.19 Tikkurila

7. Market Opportunities and Future Outlook

  • 7.1 White-space and Unmet-Need Assessment

Global Epoxy Coatings Market Report Scope

Epoxy coating is a durable, protective substance used to prevent carbon steel tanks and other relatable materials from degrading on the outside. Epoxy coatings offer superior resistance to abrasion, turbulence, harsh chemicals, and severe temperatures. 

The epoxy coatings market is segmented by technology type, end-user industry, and geography. By technology type, the market is segmented into water-based, solvent-based, and powder-based. By end-user industry, the market is segmented into building and construction, automotive, transportation, industrial, and other end-use industries. The report also covers the market size and forecasts for the epoxy coatings market in 15 countries across major regions. 

For each segment, the market sizing and forecasts have been done based on revenue (USD).

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

Key Questions Answered in the Report

How big is the epoxy coatings market in 2025?

It is valued at USD 37.75 billion and is projected to reach USD 44.79 billion by 2030 at a 3.48% CAGR.

Which technology segment is growing fastest?

Water-based systems lead growth with a 4.55% CAGR through 2030, driven by VOC regulations and performance gains.

Why does Asia-Pacific dominate sales?

The region contributes 46.78% of global revenue thanks to large-scale infrastructure programs, urban housing, and rapid industrialization.

What is the primary driver behind industrial demand?

Food and beverage plants are refurbishing floors with FDA-compliant epoxy systems to meet stricter sanitation rules.

How are suppliers adapting to stricter VOC rules?

They are reformulating toward high-solids waterborne chemistries, expanding powder-coating capacity, and investing in UV/LED-cure technologies.

Page last updated on:

Epoxy Coatings Report Snapshots