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| A01320 | Pages: NA | Aug 2021 | 6066 Views | | |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Epoxy Coatings Market
Request Now !Epoxy coatings are formed by mixing epoxide resin and polymine hardener by a chemical process known as curing. The formulation of epoxy coatings are specifically selected and combined depending upon the performance requirement for the end product. The mixture ratio of the epoxy with the hardener is different for different products and defines the efficiency of the coatings. The selection of the epoxies depends upon the factors such as type of substrate, temperature, surface preparation, humidity, environmental exposure, induction time, application time, and others. After proper catalyzed application of the epoxy coating it provides a hard, water, and chemical solvent resistant finish to the final product. The properties of epoxy coatings such as corrosion resistance, flexibility, and superior adhesion allows it to be used by various end user industries such as automotive, industrial, marine, and others.
The epoxy coatings market grows at a high rate driven by the increased demand of waterborne coatings from the end users. Asia-Pacific leads the chlorinated polyethylene market followed by North America and Europe due to the augment demand from the end user industries for non-VOC emission coatings and various technological advancements in the Asia-Pacific region. However, factors such as slow growth of developing countries and low performance in exterior applications are expected to restrain the market growth during the forecast period.
The report segments the epoxy coatings market on the basis of technology, application, and geography. On the basis of technology, the market is divided into waterborne, solvent borne, and powder-based. Based on application, the market is classified into paints & coatings, construction, adhesives, electrical & electronics, transportation, and others. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.
Comprehensive competitive analysis and profiles of major market players such as BASF SE, Akzonobel N.V., PPG Industries, RPM International Inc., The Sherwin-Williams Company, The Valspar Corporation, Axalta Coating Systems LLC, Nippon Paint Co. Ltd., Kansai Paint Co. Ltd., Tikkurila OYJ, and Berger Paints India Ltd. etc., are provided in this report.
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