Epoxy primer or epoxy sealer is a category of liquid non-porous coating. This coating is applied on a material, which is later to be painted or coated. The epoxy primer helps in waterproofing and prevents the material from absorbing the atmospheric moisture. It also prevents corrosion and atmospheric oxidation, and thus increases the life and durability of all the material on which it is applied. An epoxy primer generally consist of two components namely a base component and an activator components. These components are to be combined thoroughly with each other before usage. The epoxy primers have a wide range of applications as coatings in different end-user industries such as construction, automotive, and others.
COVID-19 scenario analysis:
- The outbreak of the COVID-19 pandemic has severely affected the growth of the epoxy primers market.
- The advent of the pandemic has severely impacted the construction and automobile sector around the globe. The economic slowdown caused by the pandemic has resulted in a dramatic decrease in the demand for automobiles and the number of construction activities around the world. These industries are major end users of the epoxy primers market and thus the impact on these industries also affected the growth of the global epoxy primers market to a great extent.
- On the other hand, due to the lockdowns and the stringent travel restrictions, most of the manufacturers and end-use industries suffered from disruption of supply chain and also a severe lack of workforce. This has also affected the business activities of the major players of the epoxy primers market.
Top impacting factors: Market Scenario Analysis, Trends , Drivers and Impact Analysis
One of the major factors driving the growth of the epoxy primers market is the rapid development of the coatings and paints industry across the globe. The major manufacturing sectors are incorporating epoxy primer on their machinery and equipment to prevent them from rusting or getting damaged through other means. As a result, there is an upsurge in demand for epoxy primers in the market. Moreover, these primers are also gaining popularity in the building and construction sector for waterproofing and prevent the buildings from absorbing atmospheric moisture, thus increasing the structure life. Epoxy primers are also used in the production of automobiles and marine equipment as well. This surge in number of applications of epoxy primers is expected to boost the market growth in near future. However, the harsh environmental impacts of epoxy primers and the fluctuating prices of the raw materials limit the market growth.
The market in the North American region holds the major share of the epoxy primer market with the U.S. being a major country driving the demand for epoxy primers in the region. The market in the Asia-Pacific region is also expected to grow at a significant pace due to the rapid infrastructural developments and escalating demand for epoxy polymers in the construction and automobile sectors of the region.
Key benefits of the report:
- This study presents the analytical depiction of the global epoxy primers industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global epoxy primers market share.
- The current market is quantitatively analyzed to highlight the global epoxy primers market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global epoxy primers market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the Epoxy Primers Market research report:
- What are the leading market players active in the epoxy primersmarket?
- What the current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
Epoxy Primers Market Report Highlights
By Industry Vertical
Key Market Players
Sherwin-Williams, Kansai Paints Co. Ltd, PPG Industries, Inc., Jotun Group, Nippon Paint Holdings Co., Ltd., Asian Paints Ltd, Akzo Nobel N.V., 3M Company, Axalta Coating Systems, BASF SE