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Data Bridge Market Research analyses that the Global Epoxy Coating Market which was USD 3,361.98 million in 2022, would rocket up to USD 5,545.68 million by 2030, and is expected to undergo a CAGR of 6.2% during the forecast period of 2023 to 2030.
Epoxy Coating Market research report delivers widespread analysis of the market structure along with the estimations of the various segments and sub-segments of the market. This industry report also contains detailed profiles of market’s major manufacturers and importers who are dominating the market. Furthermore, the statistical and numerical data such as facts and figures are represented very precisely in the market report by using charts, tables, or graphs. The transformation in market landscape is mainly observed due to the moves of key players or brands which include developments, product launches, joint ventures, mergers, and acquisitions that in turn change the view of the global face of the industry.
Business intelligence is an essential aspect when it comes to accomplish thorough and wide-ranging market insights and the same is applied for building Epoxy Coating Market research report. Commitment, quality, dedication, and transparency in the market research report are all followed throughout to give the best service to the clients. Not to mention, this report delivers an in-depth study with respect to present and upcoming opportunities which shed light on the future investment in the market. So, to achieve competitive advantage and to thrive in the market, go for the comprehensive Epoxy Coating Market report.
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Some of the major players operating in the epoxy coating market are:
Drivers
Epoxy coatings are particularly useful for metal, floors, and other surfaces that require a protective covering that dries quickly. Epoxy coatings can be utilized as epoxy floor paints in flooring applications such as commercial or industrial. It is also used over concrete floors in the use of industrial and commercial applications such as in commercial and retail stores, airplane hangars, airplanes hangars, industrial plants, airplane hangars, hospitals, showrooms, manufacturing plants, garages, etc.
Rapid urbanization and high investment in the construction region in developing countries like India is the main contributing aspect to the epoxy surface coatings market trends that are expected to drive the epoxy coating market growth rate.
Opportunities
The epoxy coating technology is mainly related to the regulations which have related to VOC emission. Compared to older technologies, epoxies coatings are capable of dropping overall environmental impact, which will act as market drivers and further boost beneficial opportunities for the market’s growth rate.
Super-hydrophobicity on surfaces is the combination of chemical modifications and surface texturing. Super hydrophobic nanocomposites can be applied to create a super hydrophobic coating, using polymers such as epoxy to coat the highly accessible surfaces and normally touched surfaces. These augmented epoxy surface coatings applications are thus expected to increase the scope of the overall industry share in the upcoming years.
Restraints/Challenges
However, an extensive range of coatings is available as an epoxy coating alternative. For example, polyurethane (PU) coatings have improved wear, high cross-link density, abrasion, and impact resistance properties than epoxy coatings that, make them the best option for coating applications in electrical and electronics, transportation, construction, automotive, and other end-use segments. Thus, the availability of substitutes is anticipated to obstruct the growth of the market during the forecast period.
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The epoxy coating market is segmented on the basis of technology and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Technology
Application
Epoxy Coating Market Regional Analysis/Insights
The Epoxy Coating market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Epoxy Coating market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Epoxy Coating within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Epoxy Coating market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
The report answers questions such as:
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