Market Overview:
The global epoxy paint market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for epoxy paints from various end-use industries, such as architecture, automotive, shipbuilding, furniture, engineering machinery and others. In terms of type, the solvent base epoxy paint segment is expected to dominate the global market during the forecast period owing to its properties such as high adhesion and chemical resistance.
Product Definition:
Epoxy paint is a type of paint that is made up of two different substances: epoxy resin and hardener. These two substances are combined to form a thick, liquid substance that can be used to coat surfaces. Epoxy paint is important because it provides a durable and long-lasting finish that can withstand heavy wear and tear. It is also resistant to water and other environmental factors, making it ideal for use in outdoor settings.
Solvent Base Epoxy Paint:
Solvent base epoxy paint is a two-part epoxy system that contains an organic solvent and a polymer. The solvents allow the epoxy to flow more easily and smoothly, while also helping to reduce brush marks when applied with a roller or brush.
The growth factor in the market for solvent base epoxy paint is construction spending by governments around the world, specifically in emerging economies such as China, India.
Water Base Epoxy Paint:
Water base epoxy paint is a two-part epoxy system that contains an organic resin and a hardening agent. The resins are derived from crude oil or natural sources while the hardening agents are manufactured from synthetic sources. These products have low volatile organic compound (VOC) content, which makes them suitable for use in residential and commercial applications as well as in industrial applications where VOC regulations apply.
Application Insights:
The architecture application segment led the global epoxy paint market in 2017 and is projected to witness significant growth over the forecast period. This can be attributed to rising construction activities in developing countries, such as India, Indonesia, Malaysia and others. In addition, factors such as increasing infrastructural development projects across the globe are expected to drive demand for architectural applications over the next eight years.
Epoxy paints are used extensively in automobile body manufacturing owing to their high-performance characteristics required by vehicle manufacturers worldwide. The growing importance of aesthetics coupled with consumer preference for new car models with enhanced design features is likely to propel industry expansion at a CAGR of XX% from 2018to 2030 globally on account of increased product penetration during this period. Epoxy coatings have superior corrosion resistance which makes them suitable for use on metal surfaces including automobiles and aircrafts that come into contact with natural elements like water & soil etc., thereby driving their demand worldwide over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rapid industrialization, increasing foreign investments, and favorable government policies promoting exports. China emerged as a major consumer and producer of epoxy paints in Asia Pacific due to large-scale production capacity, low labor cost, availability of raw materials at affordable prices along with high demand from various end-use industries such as construction & infrastructure; automotive; marine; aerospace & defense among others.
Europe accounted for more than 25% share in 2017 owing to growing product demand from the automobile industry on account of rising R&D activities related to lightweighting and sustainability coupled with stringent EU regulations regarding VOC emissions resulting into reduced performance characteristics such as durability or waterproofing ability comparedto conventional coatings used for similar applications.
Growth Factors:
- Increasing demand from the construction industry for flooring, roofing, and other applications
- Rising demand for epoxy coatings in the automotive sector as a protective and decorative measure
- Growing use of epoxy paints in marine applications to protect against corrosion and fouling
- Increasing popularity of water-based epoxies that are environment-friendly and have low VOC emissions
- Proliferation of DIY enthusiasts who are using epoxy paints for various home improvement projects
Scope Of The Report
Report Attributes
Report Details
Report Title
Epoxy Paint Market Research Report
By Type
Solvent Base Epoxy Paint, Water Base Epoxy Paint
By Application
Architecture, Automobile, Ship, Furniture, Engineering Machinery, Others
By Companies
AkzoNobel, Jotun, Hempel, Nippon Paint, PPG Industries, Kansai, Chugoku Marine Paint, Sherwin-Williams, BASF, Axalta, Diamond Paints, SACAL, Carpoly, Henkel, RPM, KCC, Sika, M, DAW, Huarun
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Epoxy Paint Market Report Segments:
The global Epoxy Paint market is segmented on the basis of:
Types
Solvent Base Epoxy Paint, Water Base Epoxy Paint
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Architecture, Automobile, Ship, Furniture, Engineering Machinery, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AkzoNobel
- Jotun
- Hempel
- Nippon Paint
- PPG Industries
- Kansai
- Chugoku Marine Paint
- Sherwin-Williams
- BASF
- Axalta
- Diamond Paints
- SACAL
- Carpoly
- Henkel
- RPM
- KCC
- Sika
- M
- DAW
- Huarun
Highlights of The Epoxy Paint Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Solvent Base Epoxy Paint
- Water Base Epoxy Paint
- By Application:
- Architecture
- Automobile
- Ship
- Furniture
- Engineering Machinery
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Epoxy Paint Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Epoxy paint is a type of paint that is made from two or more epoxy resins. The resins are mixed together and then applied to the surface to be painted. Once the epoxy has been applied, it hardens and becomes very durable. This makes it a good choice for surfaces that will be exposed to a lot of wear and tear, such as walls or floors.
Some of the key players operating in the epoxy paint market are AkzoNobel, Jotun, Hempel, Nippon Paint, PPG Industries, Kansai, Chugoku Marine Paint, Sherwin-Williams, BASF, Axalta, Diamond Paints, SACAL, Carpoly, Henkel, RPM, KCC, Sika, M, DAW, Huarun.
The epoxy paint market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Epoxy Paint Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Epoxy Paint Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Epoxy Paint Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Epoxy Paint Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Epoxy Paint Market Size & Forecast, 2020-2028
4.5.1 Epoxy Paint Market Size and Y-o-Y Growth
4.5.2 Epoxy Paint Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Solvent Base Epoxy Paint
5.2.2 Water Base Epoxy Paint
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Architecture
6.2.2 Automobile
6.2.3 Ship
6.2.4 Furniture
6.2.5 Engineering Machinery
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Epoxy Paint Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Epoxy Paint Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Solvent Base Epoxy Paint
9.6.2 Water Base Epoxy Paint
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Architecture
9.10.2 Automobile
9.10.3 Ship
9.10.4 Furniture
9.10.5 Engineering Machinery
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Solvent Base Epoxy Paint
10.6.2 Water Base Epoxy Paint
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Architecture
10.10.2 Automobile
10.10.3 Ship
10.10.4 Furniture
10.10.5 Engineering Machinery
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Solvent Base Epoxy Paint
11.6.2 Water Base Epoxy Paint
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Architecture
11.10.2 Automobile
11.10.3 Ship
11.10.4 Furniture
11.10.5 Engineering Machinery
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Solvent Base Epoxy Paint
12.6.2 Water Base Epoxy Paint
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Architecture
12.10.2 Automobile
12.10.3 Ship
12.10.4 Furniture
12.10.5 Engineering Machinery
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Solvent Base Epoxy Paint
13.6.2 Water Base Epoxy Paint
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Architecture
13.10.2 Automobile
13.10.3 Ship
13.10.4 Furniture
13.10.5 Engineering Machinery
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Epoxy Paint Market: Competitive Dashboard
14.2 Global Epoxy Paint Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AkzoNobel
14.3.2 Jotun
14.3.3 Hempel
14.3.4 Nippon Paint
14.3.5 PPG Industries
14.3.6 Kansai
14.3.7 Chugoku Marine Paint
14.3.8 Sherwin-Williams
14.3.9 BASF
14.3.10 Axalta
14.3.11 Diamond Paints
14.3.12 SACAL
14.3.13 Carpoly
14.3.14 Henkel
14.3.15 RPM
14.3.16 KCC
14.3.17 Sika
14.3.18 M
14.3.19 DAW
14.3.20 Huarun
