PUBLISHER: The Business Research Company | PRODUCT CODE: 1615092
PUBLISHER: The Business Research Company | PRODUCT CODE: 1615092
A zinc-rich primer is a type of coating that has a significant amount of zinc dust in its composition. This coating is utilized to enhance corrosion resistance on metal surfaces by functioning as a sacrificial anode, thereby shielding the underlying metal from rust and deterioration. It is typically applied in demanding environments where protecting metal is essential.
The primary categories of zinc-rich primers include epoxy zinc-rich primers, chlorinated rubber zinc-rich primers, vinyl resin zinc-rich primers, and polyurethane zinc-rich primers. Epoxy zinc-rich coatings are designed with epoxy resin and a high concentration of zinc, delivering exceptional corrosion protection for metal surfaces while offering robust resistance to chemicals and moisture. Their applications encompass steel tanks, offshore platforms, bridges, refineries, petrochemical and power plants, and railcar coatings, serving end users in sectors such as automotive, marine, oil and gas, construction, and infrastructure.
The zinc rich primer market research report is one of a series of new reports from the business research company that provides zinc rich primer market statistics, including zinc rich primer industry global market size, regional shares, competitors with an zinc rich primer market share, detailed zinc rich primer market segments, market trends and opportunities, and any further data you may need to thrive in the zinc rich primer industry. This zinc rich primer market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The zinc rich primer market size has grown strongly in recent years. It will grow from $1.3 billion in 2023 to $1.38 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The increase during the historical period is linked to the rise of industrialization, improvements in coating technologies, heightened infrastructure demands, stricter environmental regulations, and the growth of the automotive and marine sectors.
The zinc rich primer market size is expected to see strong growth in the next few years. It will grow to $1.77 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The anticipated growth in the forecast period is driven by greater infrastructure development, expanding industrial activities, rigorous anti-corrosion regulations, advancements in the marine and oil & gas industries, and innovations in coating technologies. Key trends expected during this period include a growing preference for eco-friendly formulations, advancements in high-performance coatings, expansion in emerging markets, increased demand in the renewable energy sector, and innovations in application methods.
The expanding building and construction sector is expected to drive the growth of the zinc-rich primer market in the future. This growth is fueled by rising urbanization, increased housing demand, infrastructure upgrades, supportive government policies, and advancements in construction technology. Zinc-rich primers benefit the construction industry by providing excellent corrosion protection, extending the lifespan of structures, and lowering maintenance costs. For example, in July 2024, the U.S. Census Bureau reported that the value of construction activities increased from $2.01 trillion in May 2023 to $2.14 trillion in May 2024. Thus, the growth in the building and construction sector is propelling the zinc-rich primer market.
Leading companies in the zinc-rich primer market are concentrating on developing advanced eco-friendly solutions, such as VOC-free powders, to enhance environmental sustainability and comply with regulatory standards. VOC-free powders are environmentally safe coatings that eliminate volatile organic compounds, ensuring safer application without compromising performance or durability. For instance, in August 2024, PPG Industries Inc., a U.S.-based manufacturer of paints and coatings, introduced PPG Primer, an optimized powder primer with enhanced zinc content. This primer features a lower specific gravity of 2.0 compared to traditional zinc-rich primers, making it lighter and easier to apply. Its 85% transfer efficiency reduces material usage and costs significantly. Additionally, this innovative primer is solvent-free, minimizing VOC emissions while offering improved adhesion and corrosion resistance, particularly in coastal areas. PPG PRIMERON Optimal exemplifies PPG's commitment to sustainable solutions and advancements in powder coating technology, as highlighted by Shelley Verdun, business manager for powder coatings.
In March 2022, ErgonArmor, a U.S.-based provider of industrial protective coatings, acquired Sumter Coatings Inc. for an undisclosed amount. This acquisition aims to create new growth opportunities and expand ErgonArmor's product range. The focus will be on introducing new solvent products for industrial construction, maintenance, and repair applications, while continuing to uphold the company's legacy and commitment to customer service. Sumter Coatings Inc. specializes in high-performance protective coatings, including zinc-rich primers.
Major companies operating in the zinc rich primer market are The Sherwin-Williams Company, PPG Industries Inc., Akzo Nobel N.V., Sika AG, Axalta Coating Systems, Kansai Paint America Inc, Hempel A/S, MBCC Group, Berger Paints Nigeria Plc, Tnemec Company Inc, Nippon Paint Holdings Co Ltd, Dulux Protective Coatings, Altex Coatings Ltd, Promain, Cromax, Hypo Group, Archify, Metoree, Noelson Chemicals, ProXL, Rust Bullet Australia, Tikkurila Oyj, Toa-chugoku Paints Co Ltd, US Coatings, Zigma Paints Pvt Ltd
Asia-Pacific was the largest region in the zinc rich primer market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the zinc rich primer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the zinc rich primer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The zinc rich primer market consists of sales of high-build primers, alkyd-based primers, waterborne zinc-rich primers, and zinc-rich spray coatings. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Zinc Rich Primer Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on zinc rich primer market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for zinc rich primer ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The zinc rich primer market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.