A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Epoxy
Coatings
Market. The
study, titled “Epoxy
Coatings Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Epoxy
resins is a group of synthetic resins that are used to manufacture
plastics and adhesives. They are known for their versatile
properties. Epoxy coating is a thick protective covering made of
epoxy resins. Epoxy surface coatings are amongst the commonly used
industrial finishes. They provide exceptional resistance to heat, UV
light, and corrosive chemicals. They also exhibit outstanding
dimensional stability, extreme toughness, and resistance to abrasion.
In addition, they offer excellent adhesion to surfaces of metals,
fibers, glass, and several other materials. Superior properties of
epoxy coatings are expected to fuel the global market for epoxy
coatings during the forecast period.
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Market Research Report @
Based
on the type, the global epoxy coatings market can be divided into two
segments: waterborne coatings and powder-based coatings. The former
type of coatings are water soluble and are normally cured with water.
These are not reactive and are relatively easy to use. However, they
face a fair amount of environmental issues. Powder-based coatings are
cured under controlled high temperature. These are highly adaptable
and useful in various applications. The powder-based segment held a
major share of the global epoxy coatings market in 2015, due to
minimal impact of these coatings on the environment. The segment is
expected to continue its dominance during the forecast period, owing
to non-VOC (volatile organic compound) emission properties of
powder-based coatings. The segment is also likely to be driven by
high demand from end-user industries such as transportation and
construction.
Key
drivers for the global epoxy coatings market are the increasing
demand for waterborne and powder-based coatings, especially from
developing countries. High cost of epoxy coatings may restrain the
growth of the market, but the outstanding properties and long life of
these coatings would foreshadow the high cost. Stern government
regulations, especially to lower the air pollution, are projected to
promote the adoption of low-polluting epoxy coatings technology. This
is likely to boost the powder-based segment during the forecast
period. Epoxy coatings are employed for preventing corrosion and rust
on bodies and other components of automobiles. Growth of the
automobile industry, particularly in Asia Pacific, is likely to drive
the global epoxy coatings market.
In
terms of region, the global epoxy coatings market can be segmented
into North America, Europe, Asia Pacific, Middle East & Africa,
and Latin America. Asia Pacific held the dominant share of the global
epoxy coatings market in 2015, followed by Europe and North America.
Asia Pacific is anticipated to continue its dominance in the global
market during the forecast period. This is due to the increasing
demand for epoxy coatings in developing countries and the developing
economy of the region. China led the global epoxy coatings market in
2015 and is expected to continue its dominance during the forecast
period. This is due to growth of automobile and construction
industries in the country. The epoxy coatings market in India and
Taiwan is likely to witness substantial growth during the forecast
period. The epoxy coatings market in Europe is expected to expand at
a moderate rate during the forecast period. The market in Latin
America is estimated to expand rapidly during the forecast period,
primarily due to demand for epoxy coatings and its proximity to the
U.S. markets. This makes it a genuine choice for the set-up of
production facilities.
Get
accurate market forecast and analysis on the Epoxy Coatings market.
Request a sample to stay abreast on the key trends impacting this
market@
The
market for epoxy coatings is moderately consolidated. Major players
operating in the global epoxy coatings market are BASF, Axalta
Coating Systems, Berger Paints India Limited, Kansai Paint Company
Limited, AkzoNobel N.V., PPG Industries Inc., Tikkurila Oyj, RPM
International Inc., Nippon Paint Company Limited, The Valspar
Corporation, and The Sherwin Williams Company.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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Us
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