Global Epoxy Coating Market Size Study, by Technology, by End-User Industry, and Regional Forecasts 2022-2032

Description

The Global Epoxy Coating Market, valued at approximately USD 38.4 billion in 2023, is poised for significant growth, projected to expand at a compound annual growth rate (CAGR) of 6.70% over the forecast period, reaching an estimated USD 68.84 billion by 2032. Epoxy coatings are integral to various industries due to their exceptional durability, adhesion, and chemical resistance. These coatings find applications in building and construction, automotive, transportation, and industrial sectors, delivering high-performance solutions for protective and aesthetic purposes.

Market growth is propelled by the increasing adoption of environmentally friendly water-based epoxy coatings, driven by regulatory mandates and consumer demand for sustainable solutions. Additionally, technological advancements in solvent-based and powder-based epoxy coatings are broadening application scopes, enabling superior performance in harsh environments. However, volatility in raw material costs and stringent environmental regulations present challenges to market players. Nonetheless, the industry is witnessing a shift towards bio-based and innovative epoxy solutions, opening avenues for sustainable development and growth.

Regionally, North America commands a substantial share of the epoxy coating market, driven by robust industrial infrastructure and advancements in the automotive and construction sectors. Europe follows suit, with stringent environmental regulations fostering the adoption of sustainable technologies. Meanwhile, the Asia-Pacific region is anticipated to witness the fastest growth, supported by rapid industrialization, urbanization, and infrastructural developments in emerging economies such as China, India, and Southeast Asian nations.

Major market players included in this report are:

BASF SE
Akzo Nobel N.V.
PPG Industries, Inc.
The Sherwin-Williams Company
Axalta Coating Systems, LLC
Nippon Paint Holdings Co., Ltd.
Kansai Paint Co., Ltd.
Jotun A/S
Berger Paints India Limited
Tikkurila Oyj
RPM International Inc.
Hempel A/S
Asian Paints Limited
Valspar Corporation
Carboline Company

The detailed segments and sub-segments of the market are explained below:

By Technology:

Water-Based
Solvent-Based
Powder-Based

By End-User Industry:

Building and Construction
Automotive
Transportation
Industrial
Other End-User Industries

By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe

Asia Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia Pacific

Latin America:

Brazil
Mexico

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa

Key Takeaways:

Extensive market estimates and forecasts from 2022 to 2032.
Comprehensive segmentation analysis covering technology and end-user industries.
Regional insights highlighting key markets with country-level data.
Competitive landscape detailing key players and their strategies.
Recommendations for stakeholders to capitalize on emerging opportunities.

Chapter 1. Global Epoxy Coating Market Executive Summary

1.1. Global Epoxy Coating Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Technology
- 1.3.2. By End-User Industry
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Epoxy Coating Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Epoxy Coating Market Dynamics

3.1. Market Drivers
- 3.1.1. Growing Demand for Durability and Cost-Efficiency in Industrial Applications
- 3.1.2. Increasing Adoption of Sustainable and Eco-friendly Materials
- 3.1.3. Expanding Use in Precision Farming and High-Yield Practices
3.2. Market Challenges
- 3.2.1. Volatility in Raw Material Prices
- 3.2.2. Stringent Environmental Regulations
3.3. Market Opportunities
- 3.3.1. Technological Innovations in Copolymer Production
- 3.3.2. Expansion into Emerging Markets
- 3.3.3. Development of Premium-grade Copolymers

Chapter 4. Global Epoxy Coating Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Epoxy Coating Market Size & Forecasts by Technology 2022-2032

5.1. Segment Dashboard
5.2. Global Epoxy Coating Market: Technology Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Water-Based
- 5.2.2. Solvent-Based
- 5.2.3. Powder-Based

Chapter 6. Global Epoxy Coating Market Size & Forecasts by End-User Industry 2022-2032

6.1. Segment Dashboard
6.2. Global Epoxy Coating Market: End-User Industry Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Building and Construction
- 6.2.2. Automotive
- 6.2.3. Transportation
- 6.2.4. Industrial
- 6.2.5. Other End-User Industries

Chapter 7. Global Epoxy Coating Market Size & Forecasts by Region 2022-2032

7.1. North America Epoxy Coating Market
- 7.1.1. U.S. Epoxy Coating Market
  - 7.1.1.1. Technology Breakdown Size & Forecasts, 2022-2032
  - 7.1.1.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.1.1.3. End Use Industry Breakdown Size & Forecasts, 2022-2032
- 7.1.2. Canada Epoxy Coating Market
  - 7.1.2.1. Technology Breakdown Size & Forecasts, 2022-2032
  - 7.1.2.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.1.2.3. End Use Industry Breakdown Size & Forecasts, 2022-2032
7.2. Europe Epoxy Coating Market
- 7.2.1. UK Epoxy Coating Market
- 7.2.2. Germany Epoxy Coating Market
- 7.2.3. France Epoxy Coating Market
- 7.2.4. Spain Epoxy Coating Market
- 7.2.5. Italy Epoxy Coating Market
- 7.2.6. Rest of Europe Epoxy Coating Market
7.3. Asia-Pacific Epoxy Coating Market
- 7.3.1. China Epoxy Coating Market
- 7.3.2. India Epoxy Coating Market
- 7.3.3. Japan Epoxy Coating Market
- 7.3.4. Australia Epoxy Coating Market
- 7.3.5. South Korea Epoxy Coating Market
- 7.3.6. Rest of Asia Pacific Epoxy Coating Market
7.4. Latin America Epoxy Coating Market
- 7.4.1. Brazil Epoxy Coating Market
- 7.4.2. Mexico Epoxy Coating Market
- 7.4.3. Rest of Latin America Epoxy Coating Market
7.5. Middle East & Africa Epoxy Coating Market
- 7.5.1. Saudi Arabia Epoxy Coating Market
- 7.5.2. South Africa Epoxy Coating Market
- 7.5.3. Rest of Middle East & Africa Epoxy Coating Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. BASF SE
- 8.1.2. Akzo Nobel N.V.
- 8.1.3. PPG Industries, Inc.
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. BASF SE
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Akzo Nobel N.V.
- 8.3.3. PPG Industries, Inc.
- 8.3.4. The Sherwin-Williams Company
- 8.3.5. Axalta Coating Systems, LLC
- 8.3.6. Nippon Paint Holdings Co., Ltd.
- 8.3.7. Kansai Paint Co., Ltd.
- 8.3.8. Jotun A/S
- 8.3.9. Berger Paints India Limited
- 8.3.10. Tikkurila Oyj
- 8.3.11. RPM International Inc.
- 8.3.12. Hempel A/S
- 8.3.13. Asian Paints Limited
- 8.3.14. Valspar Corporation
- 8.3.15. Carboline Company

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes