Global Epoxy Coating Market report from Global Insight Services is the single authoritative source of intelligence on Epoxy Coating Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
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Epoxy coating is a type of protective coating that is typically used in industrial and commercial settings. It is often used to protect surfaces from corrosion, abrasion, and chemical damage. Epoxy coating is typically applied as a liquid and then cured to form a hard, durable surface.
Key Trends
There are a few key trends in epoxy coating technology that are worth mentioning.
Firstly, there has been a move towards more environmentally friendly epoxy coatings. This is in response to the growing awareness of the impact of chemicals on the environment and the need to reduce our reliance on them. There are now a number of epoxy coatings on the market that are made from renewable resources or are designed to be more biodegradable.
Another trend is the development of epoxy coatings that are more resistant to UV light. This is important because UV light can cause the epoxy to break down over time, making it less effective. UV-resistant epoxy coatings are becoming more common, especially in outdoor applications.
Finally, there has been a trend towards epoxy coatings that are more flexible. This is because traditional epoxy coatings can be quite brittle, making them susceptible to cracking and chipping. Flexible epoxy coatings are less likely to crack and are more resistant to impacts.
Key Drivers
The key drivers of the epoxy coating market are the growing demand for epoxy coatings from the construction and automotive industries, and the increasing use of epoxy coatings in the electronics and electrical industries. The construction industry is the largest end-user of epoxy coatings, and the automotive industry is the second-largest end-user. The demand for epoxy coatings from the construction industry is driven by the growing construction activities in developed and emerging countries. The demand for epoxy coatings from the automotive industry is driven by the increasing production of vehicles and the growing demand for passenger cars and commercial vehicles. The electronics and electrical industries are the other major end-users of epoxy coatings. The demand for epoxy coatings from these industries is driven by the growing demand for printed circuit boards and the increasing use of epoxy coatings in the production of electrical and electronic components.
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Market Segments
The epoxy coating market bifurcated on the basis of technology, application, and region. On the basis of technology, it is segmented into water-based, solvent-based, and powder-based. By application, it is analyzed across building & construction, transportation, industrial, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
Market Players
The epoxy coating market report includes players such as AkzoNobel N.V., PPG Industries, Valspar, MBCC Group, Tikkurila OYJ, Asian Paints, RPM International, KANSAI PAINT CO., LTD, Nippon, and BASF SE.
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