Scope of the Study
The global epoxy coatings market is ecpected to grow at a healthy pace during the forecast period, according to the AMA study. The growing demand for waterborne epoxy coatings, high growth from end use industries, and is expected to be the major factors aiding into the growth for the market. Moreover, the rise in adoption of new technologies for achieving durable product lifecycle is another major factor driving the growth for the market.
The market study is being classified by Type (Solvent borne, Waterborne and Powder-based), by Application (Construction Material, Industrial Applications, Transportation Equipment and Others) and major geographies with country level break-up.
BASF SE (Germany), Akzonobel N.V. (Netherlands), PPG Industries (United States), RPM International Inc. (United States), The Sherwin-Williams Company (United States), The Valspar Corporation (United States), Axalta Coating Systems LLC (United States), Nippon Paint Co. Ltd. (Japan), Kansai Paint Co. Ltd. (Japan), Tikkurila (Finland), Berger Paints India Ltd (India) and Dow (United States) are some of the key players profiled in the study.
The vendors in this market are majorly focusing on development of new & innovative epoxy coating products to cater to market's demand to remain competitive in the global market. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Epoxy Coatings market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Epoxy Coatings market by Type, Application and Region.
On the basis of geography, the market of Epoxy Coatings has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- The Growing Demand for Waterborne Epoxy Coatings
- High Growth in End Use Industries
- Growing Demand from Construction Sector
- Industry 4.0 Revolution is Expected to be One of the Major Trends of this Market
- Raw Material Cost Fluctuations
- Huge Opportunities due to the Growing Adoption of Powder-based Epoxy Coatings
- The Outbreak of COVID-19 Leading to Challenges for Epoxy Coating Vendors Due to Shutting Down of Production Across the World for an Uncertain Period of Time
Market Leaders and their expansionary development strategies
In April 2019, Dow announced that it has completed its searation from its previously announced merger in 2015 which was operating as DowDuPont with DuPont company.
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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