Market Size of Primer Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 21.34 Billion |
| Market Size (2029) | USD 28.44 Billion |
| CAGR (2024 - 2029) | 5.91 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Primer Market Analysis
The Primer Market size is estimated at USD 21.34 billion in 2024, and is expected to reach USD 28.44 billion by 2029, growing at a CAGR of 5.91% during the forecast period (2024-2029).
The COVID-19 pandemic negatively impacted the market as construction and automotive manufacturing activities were temporarily halted to reduce the spread of new COVID-19 cases, thereby decreasing the consumption of primer in these end-user industries. However, the condition started recovering in 2021. This is expected to increase the demand for the product during the forecast period.
- Over the short term, the growth of the market is likely driven by increasing construction activities in Asia-Pacific and the growing automotive industry.
- On the flip side, regulations regarding the use of primers are likely to hinder market growth.
- Innovations in the use of bio-based primers are expected to act as opportunities for market growth.
- Asia-Pacific is the largest market in the world and is expected to dominate the global market, with the highest demand and consumption from India, China, and other countries.
