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Epoxy Coating Market to Receive overwhelming hike in Revenues of USD 41.71 Billion by 2024

Increase in spending on residential and commercial construction in emerging regions such as Asia Pacific and Middle East is expected to drive global Epoxy Coating Market growth over the next eight years.

The Global Epoxy Coating Market is expected to reach USD 41.71 billion by 2024, according to a new report by Grand View Research, Inc.



Rapid industrialization in Asia Pacific has resulted in an increase in utilization of epoxy coatings for flooring applications for both commercial and industrial structures such as retail stores, hospitals, showrooms, and warehouses. These coatings provide superior gloss and aesthetic finish in form of terrazzo flooring, chip flooring, and colored aggregate flooring.

Growing automotive sector in developing economies of Asia Pacific and Latin America owing to a surge in population base and rising disposable income is expected to stimulate epoxy coatings demand. Growing application scope in rust and corrosion prevention of vehicle bodies and other metal components is likely to augment market growth. In addition, rising use of epoxy-based coatings as primer ensuring paint adhesion for automotive parts will drive the market demand over next eight years.

To Know More About Epoxy Coating Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/epoxy-coating-market

Solvent borne epoxy emerged as the dominant product segment accounting for over one-third of the total market volume in 2015. Traditionally, they were designed to protect steel, however; they are extensively being used now-a-days for concrete structures and adapted for flooring. Solvents allow easy coating application in required areas without any formulating problems.

Top Players of Epoxy Coating Market:

Key market participants include AkzoNobel N.V., BASF, Nippon Paint Company Limited, Berger Paints India Limited, PPG Industries Inc., The SherwinWilliams Company, and RPM International Inc. AkzoNobel N.V. is involved in the production of performance coatings and specialty chemicals.

Market Segmentation of Epoxy Coating Market:

The Global Epoxy Coating Market segmented on the basis of Product and Application.

By Product:

    Solvent Borne
    Waterborne
    Powder

By Application:

    Construction
    Industrial
    Transportation

Inquire about Epoxy Coating Market with Our Experts @ https://www.grandviewresearch.com/inquiry/3029
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