Market Size of Epoxy Coatings Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 32.01 Billion |
| Market Size (2029) | USD 39.42 Billion |
| CAGR (2024 - 2029) | 4.25 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Epoxy Coatings Market Analysis
The Epoxy Coatings Market size is estimated at USD 32.01 billion in 2024, and is expected to reach USD 39.42 billion by 2029, growing at a CAGR of 4.25% during the forecast period (2024-2029).
The epoxy coatings market was affected negatively due to the COVID-19 pandemic. The weakening automotive and transportation industry, as well as a brief halt in construction activity owing to the pandemic lockdown, had a detrimental impact on the phase change materials market demand. However, the market has now reached pre-pandemic levels and is expected to grow at a steady pace during the forecast period.
- The major factors driving the market studied are increasing demand for water-borne epoxy coatings, and growth in the building and construction industry is also expected to increase the market demand for epoxy coatings.
- However, stringent regulations on volatile organic compounds (VOC) emissions are expected to hinder the market's growth.
- The introduction of epoxies with minimal or no VOC emissions is likely to act as an opportunity in the future.
- Asia-Pacific is expected to dominate the global market, with the largest consumption of epoxy coatings during the forecast period.
