세계의 에폭시 코팅 시장 규모, 점유율, 동향 분석 리포트 : 기술별, 용도별, 지역별 전망과 예측(2024-2031년)

The Global Epoxy Coating Market size is expected to reach $47.6 billion by 2031, rising at a market growth of 5.4% CAGR during the forecast period. In the year 2023, the market attained a volume of 2,349.0 Kilo Tonnes, experiencing a growth of 19.9% (2020-2023).

The Asia Pacific region is undergoing rapid urbanization, accompanied by extensive infrastructure development projects such as roads, bridges, airports, railways, and commercial buildings. Therefore, the Asia Pacific region captured $14,007.1 million revenue in the market in 2022. Also, China would utilize 411.5 Kilo Tonnes of epoxy coating by 2031. These are widely used in these construction projects for their durability, corrosion resistance, and aesthetic appeal, driving significant demand for them in the region.

The major strategies followed by the market participants are Product Launches and Product Expansions as the key developmental strategy to keep pace with the changing demands of end users. For instance, In October, 2023, Berger Paints India Limited released an innovative lineup of waterproofing solutions, Berger DAMPSTOP. These meticulously formulated products are capable of executing various waterproofing treatments, such as dampness, silane, or salt leaching treatment, with remarkable efficiency. Additionally, In March, 2023, Axalta Coating Systems Ltd. unveiled its newest ICONICA range of Alesta SD powder coatings. The ICONICA collection blends premium-grade pigments and stabilizers, offering exceptional exterior durability to enhance the longevity of architectural ventures.

Based on the Analysis presented in the KBV Cardinal matrix; The Sherwin-Williams Company is the forerunner in the market. In April, 2024, The Sherwin-Williams Company released Sher-Bar TEC, an innovative coating technology tailored for the concrete sector. This textured epoxy coating holds promise in substantially prolonging the life cycle of essential infrastructure components, presenting a cost-efficient option that introduces unparalleled benefits. Companies such as PPG Industries, Inc., Akzo Nobel N.V., Axalta Coating Systems Ltd. are some of the key innovators in the market.

Market Growth Factors

Infrastructure assets such as bridges, highways, airports, railways, and utilities are susceptible to deterioration and damage from environmental factors, corrosion, and wear and tear over time. These provide durable and long-lasting protection against corrosion, abrasion, chemical exposure, and weathering, extending the service life and preserving the structural integrity of infrastructure assets. Hence, rising investments in infrastructure and maintenance are propelling the market's growth.

Advanced electronics such as semiconductors, printed circuit boards (PCBs), sensors, and microelectronics contain delicate components that require protection from environmental factors, mechanical stress, moisture, and chemical exposure. In conclusion, emerging these applications in advanced electronics drive the market's growth.

Market Restraining Factors

Epoxy resins, the primary component of epoxy coatings, can be relatively expensive compared to alternative coating materials such as acrylics or alkyds. The cost of raw materials, including epoxy resins, hardeners, and additives, contributes to the overall high cost of these coatings. Hence, the high cost is impeding the market's growth.

Technology Outlook

Based on technology, the market is divided into water-based, solvent-based, and powder-based. The water-based segment procured 34.3% revenue share in the market in 2023. Water-based products have lower volatile organic compound content, making them more environmentally friendly and compliant with stringent regulatory requirements. In terms of volume, the water-based segment utilized 791.4 Kilo Tonnes of this coating in 2023.

Application Outlook

On the basis of application, the market is segmented into transportation, building & construction, industrial, and others. The building & construction segment recorded 39.8% revenue share in the market in 2023. These are frequently used to coat concrete floors in commercial, industrial, and residential buildings. In terms of volume, the building & construction segment would require 1,225.4 Kilo Tonnes of this product by 2028.

Regional Outlook

Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the North America region generated 25.6% revenue share in the market. North America has various industries, including automotive, aerospace, manufacturing, and oil and gas. These protect industrial equipment, machinery, and infrastructure from corrosion, abrasion, and chemical exposure. In terms of volume, US registered 243.2 Kilo Tonnes demand of this coating in 2020.

The market competition in the epoxy coating market is fierce, driven by a multitude of factors. With numerous established players ranging from large multinational corporations to smaller regional manufacturers, competition centers on various fronts. Companies vie for market share based on factors such as product quality, brand reputation, and customer service. Additionally, technological advancements play a pivotal role, with firms investing heavily in research and development to innovate new formulations that offer superior performance characteristics like durability, chemical resistance, and environmental sustainability.

Recent Strategies Deployed in the Market

• Apr-2024: The Sherwin-Williams Company released Sher-Bar TEC; an innovative coating technology tailored for the concrete sector. This textured epoxy coating holds promise in substantially prolonging the life cycle of essential infrastructure components, presenting a cost-efficient option that introduces unparalleled benefits.
• Nov-2023: AkzoNobel N.V. expanded its geographic footprint through the establishment of a new facility at its Vilafranca site in Spain. This establishment helps to manufacture coatings devoid of bisphenol, tailored for the metal packaging sector across Europe, the Middle East, and Africa (EMEA). Equipped with cutting-edge automation technology, the facility is meticulously crafted to adhere to stringent eco-efficiency norms, facilitating significant enhancements in both energy consumption and material utilization.
• May-2023: Axalta Coating Systems Ltd. introduced Axalta Irus Mix, the quickest fully automated mixing machine designed specifically for the automotive refinish sector. The new product ensures precision in colour matching and operates seamlessly with Axalta's cutting-edge packaging, optimizing profitability and reducing environmental footprint. The new product empowers refinish customers to achieve or surpass their crucial business objectives.
• Dec-2022: Akzo Nobel N.V. completed the acquisition of the wheel liquid coatings division from Lankwitzer Lackfabrik GmbH, the international leader in many fields of industrial applications. Through this acquisition, the companies strengthened the existing lineup of powder coatings and broadened its spectrum of innovative offerings in the market.
• Oct-2022: The Sherwin-Williams Company formed a partnership with SINOBOOM, a leading manufacturer of access equipment. Under this partnership, Sherwin-Williams provided its Valde ECP powder coating for application on SINOBOOM's scissor and boom lifts. Additionally, this partnership bolstered the competitive standing of the heavy machinery manufacturer within the industry.

List of Key Companies Profiled

• Akzo Nobel N.V.
• Axalta Coating Systems Ltd.
• Endura Manufacturing Company Ltd.
• Kansai Paint Co., Ltd.
• PPG Industries, Inc.
• RPM International, Inc.
• The Sherwin-Williams Company
• Thermal-Chem Corporation
• BASF SE
• Berger Paints India Limited

Global Epoxy Coating Market Report Segmentation

By Technology (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Solvent-based
• Water-based
• Powder-based

By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Building & Construction
• Transportation
• Industrial
• Others

By Geography (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Table of Contents

Chapter 1.Market Scope & Methodology

• 1.1Market Definition
• 1.2Objectives
• 1.3Market Scope
• 1.4Segmentation
  • 1.4.1Global Epoxy Coating Market, by Technology
  • 1.4.2Global Epoxy Coating Market, by Application
  • 1.4.3Global Epoxy Coating Market, by Geography
• 1.5Methodology for the research

Chapter 2.Market at a Glance

• 2.1Key Highlights

Chapter 3.Market Overview

• 3.1Introduction
  • 3.1.1Overview
    • 3.1.1.1Market Composition and Scenario
• 3.2Key Factors Impacting the Market
  • 3.2.1Market Drivers
  • 3.2.2Market Restraints
  • 3.2.3Market Opportunities
  • 3.2.4Market Challenges

Chapter 4.Competition Analysis - Global

• 4.1KBV Cardinal Matrix
• 4.2Recent Industry Wide Strategic Developments
  • 4.2.1Partnerships, Collaborations and Agreements
  • 4.2.2Product Launches and Product Expansions
  • 4.2.3Acquisition and Mergers
  • 4.2.4Expansion
• 4.3Top Winning Strategies
  • 4.3.1Key Leading Strategies: Percentage Distribution (2020-2024)
  • 4.3.2Key Strategic Move: (Product Launches and Product Expansions : 2020, Sep - 2024, Apr) Leading Players
• 4.4Porter's Five Forces Analysis

Chapter 5.Global Epoxy Coating Market by Technology

• 5.1Global Solvent-based Market by Region
• 5.2Global Water-based Market by Region
• 5.3Global Powder-based Market by Region

Chapter 6.Global Epoxy Coating Market by Application

• 6.1Global Building & Construction Market by Region
• 6.2Global Transportation Market by Region
• 6.3Global Industrial Market by Region
• 6.4Global Others Market by Region

Chapter 7.Global Epoxy Coating Market by Region

• 7.1North America Epoxy Coating Market
  • 7.1.1North America Epoxy Coating Market by Technology
    • 7.1.1.1North America Solvent-based Market by Country
    • 7.1.1.2North America Water-based Market by Country
    • 7.1.1.3North America Powder-based Market by Country
  • 7.1.2North America Epoxy Coating Market by Application
    • 7.1.2.1North America Building & Construction Market by Country
    • 7.1.2.2North America Transportation Market by Country
    • 7.1.2.3North America Industrial Market by Country
    • 7.1.2.4North America Others Market by Country
  • 7.1.3North America Epoxy Coating Market by Country
    • 7.1.3.1US Epoxy Coating Market
      • 7.1.3.1.1US Epoxy Coating Market by Technology
      • 7.1.3.1.2US Epoxy Coating Market by Application
    • 7.1.3.2Canada Epoxy Coating Market
      • 7.1.3.2.1Canada Epoxy Coating Market by Technology
      • 7.1.3.2.2Canada Epoxy Coating Market by Application
    • 7.1.3.3Mexico Epoxy Coating Market
      • 7.1.3.3.1Mexico Epoxy Coating Market by Technology
      • 7.1.3.3.2Mexico Epoxy Coating Market by Application
    • 7.1.3.4Rest of North America Epoxy Coating Market
      • 7.1.3.4.1Rest of North America Epoxy Coating Market by Technology
      • 7.1.3.4.2Rest of North America Epoxy Coating Market by Application
• 7.2Europe Epoxy Coating Market
  • 7.2.1Europe Epoxy Coating Market by Technology
    • 7.2.1.1Europe Solvent-based Market by Country
    • 7.2.1.2Europe Water-based Market by Country
    • 7.2.1.3Europe Powder-based Market by Country
  • 7.2.2Europe Epoxy Coating Market by Application
    • 7.2.2.1Europe Building & Construction Market by Country
    • 7.2.2.2Europe Transportation Market by Country
    • 7.2.2.3Europe Industrial Market by Country
    • 7.2.2.4Europe Others Market by Country
  • 7.2.3Europe Epoxy Coating Market by Country
    • 7.2.3.1Germany Epoxy Coating Market
      • 7.2.3.1.1Germany Epoxy Coating Market by Technology
      • 7.2.3.1.2Germany Epoxy Coating Market by Application
    • 7.2.3.2UK Epoxy Coating Market
      • 7.2.3.2.1UK Epoxy Coating Market by Technology
      • 7.2.3.2.2UK Epoxy Coating Market by Application
    • 7.2.3.3France Epoxy Coating Market
      • 7.2.3.3.1France Epoxy Coating Market by Technology
      • 7.2.3.3.2France Epoxy Coating Market by Application
    • 7.2.3.4Russia Epoxy Coating Market
      • 7.2.3.4.1Russia Epoxy Coating Market by Technology
      • 7.2.3.4.2Russia Epoxy Coating Market by Application
    • 7.2.3.5Spain Epoxy Coating Market
      • 7.2.3.5.1Spain Epoxy Coating Market by Technology
      • 7.2.3.5.2Spain Epoxy Coating Market by Application
    • 7.2.3.6Italy Epoxy Coating Market
      • 7.2.3.6.1Italy Epoxy Coating Market by Technology
      • 7.2.3.6.2Italy Epoxy Coating Market by Application
    • 7.2.3.7Rest of Europe Epoxy Coating Market
      • 7.2.3.7.1Rest of Europe Epoxy Coating Market by Technology
      • 7.2.3.7.2Rest of Europe Epoxy Coating Market by Application
• 7.3Asia Pacific Epoxy Coating Market
  • 7.3.1Asia Pacific Epoxy Coating Market by Technology
    • 7.3.1.1Asia Pacific Solvent-based Market by Country
    • 7.3.1.2Asia Pacific Water-based Market by Country
    • 7.3.1.3Asia Pacific Powder-based Market by Country
  • 7.3.2Asia Pacific Epoxy Coating Market by Application
    • 7.3.2.1Asia Pacific Building & Construction Market by Country
    • 7.3.2.2Asia Pacific Transportation Market by Country
    • 7.3.2.3Asia Pacific Industrial Market by Country
    • 7.3.2.4Asia Pacific Others Market by Country
  • 7.3.3Asia Pacific Epoxy Coating Market by Country
    • 7.3.3.1China Epoxy Coating Market
      • 7.3.3.1.1China Epoxy Coating Market by Technology
      • 7.3.3.1.2China Epoxy Coating Market by Application
    • 7.3.3.2Japan Epoxy Coating Market
      • 7.3.3.2.1Japan Epoxy Coating Market by Technology
      • 7.3.3.2.2Japan Epoxy Coating Market by Application
    • 7.3.3.3India Epoxy Coating Market
      • 7.3.3.3.1India Epoxy Coating Market by Technology
      • 7.3.3.3.2India Epoxy Coating Market by Application
    • 7.3.3.4South Korea Epoxy Coating Market
      • 7.3.3.4.1South Korea Epoxy Coating Market by Technology
      • 7.3.3.4.2South Korea Epoxy Coating Market by Application
    • 7.3.3.5Singapore Epoxy Coating Market
      • 7.3.3.5.1Singapore Epoxy Coating Market by Technology
      • 7.3.3.5.2Singapore Epoxy Coating Market by Application
    • 7.3.3.6Malaysia Epoxy Coating Market
      • 7.3.3.6.1Malaysia Epoxy Coating Market by Technology
      • 7.3.3.6.2Malaysia Epoxy Coating Market by Application
    • 7.3.3.7Rest of Asia Pacific Epoxy Coating Market
      • 7.3.3.7.1Rest of Asia Pacific Epoxy Coating Market by Technology
      • 7.3.3.7.2Rest of Asia Pacific Epoxy Coating Market by Application
• 7.4LAMEA Epoxy Coating Market
  • 7.4.1LAMEA Epoxy Coating Market by Technology
    • 7.4.1.1LAMEA Solvent-based Market by Country
    • 7.4.1.2LAMEA Water-based Market by Country
    • 7.4.1.3LAMEA Powder-based Market by Country
  • 7.4.2LAMEA Epoxy Coating Market by Application
    • 7.4.2.1LAMEA Building & Construction Market by Country
    • 7.4.2.2LAMEA Transportation Market by Country
    • 7.4.2.3LAMEA Industrial Market by Country
    • 7.4.2.4LAMEA Others Market by Country
  • 7.4.3LAMEA Epoxy Coating Market by Country
    • 7.4.3.1Brazil Epoxy Coating Market
      • 7.4.3.1.1Brazil Epoxy Coating Market by Technology
      • 7.4.3.1.2Brazil Epoxy Coating Market by Application
    • 7.4.3.2Argentina Epoxy Coating Market
      • 7.4.3.2.1Argentina Epoxy Coating Market by Technology
      • 7.4.3.2.2Argentina Epoxy Coating Market by Application
    • 7.4.3.3UAE Epoxy Coating Market
      • 7.4.3.3.1UAE Epoxy Coating Market by Technology
      • 7.4.3.3.2UAE Epoxy Coating Market by Application
    • 7.4.3.4Saudi Arabia Epoxy Coating Market
      • 7.4.3.4.1Saudi Arabia Epoxy Coating Market by Technology
      • 7.4.3.4.2Saudi Arabia Epoxy Coating Market by Application
    • 7.4.3.5South Africa Epoxy Coating Market
      • 7.4.3.5.1South Africa Epoxy Coating Market by Technology
      • 7.4.3.5.2South Africa Epoxy Coating Market by Application
    • 7.4.3.6Nigeria Epoxy Coating Market
      • 7.4.3.6.1Nigeria Epoxy Coating Market by Technology
      • 7.4.3.6.2Nigeria Epoxy Coating Market by Application
    • 7.4.3.7Rest of LAMEA Epoxy Coating Market
      • 7.4.3.7.1Rest of LAMEA Epoxy Coating Market by Technology
      • 7.4.3.7.2Rest of LAMEA Epoxy Coating Market by Application

Chapter 8.Company Profiles

• 8.1Akzo Nobel N.V.
  • 8.1.1Company Overview
  • 8.1.2Financial Analysis
  • 8.1.3Segmental and Regional Analysis
  • 8.1.4Recent strategies and developments:
    • 8.1.4.1Acquisition and Mergers:
    • 8.1.4.2Geographical Expansions:
  • 8.1.5SWOT Analysis
• 8.2Axalta Coating Systems Ltd.
  • 8.2.1Company Overview
  • 8.2.2Financial Analysis
  • 8.2.3Segmental and Regional Analysis
  • 8.2.4Research & Development Expenses
  • 8.2.5Recent strategies and developments:
    • 8.2.5.1Product Launches and Product Expansions:
    • 8.2.5.2Acquisition and Mergers:
  • 8.2.6SWOT Analysis
• 8.3Endura Manufacturing Company Ltd.
  • 8.3.1Company Overview
  • 8.3.2SWOT Analysis
• 8.4Kansai Paint Co., Ltd.
  • 8.4.1Company Overview
  • 8.4.2Financial Analysis
  • 8.4.3Regional Analysis
  • 8.4.4SWOT Analysis
• 8.5PPG Industries, Inc.
  • 8.5.1Company Overview
  • 8.5.2Financial Analysis
  • 8.5.3Segmental and Regional Analysis
  • 8.5.4Research & Development Expense
  • 8.5.5Recent strategies and developments:
    • 8.5.5.1Product Launches and Product Expansions:
  • 8.5.6SWOT Analysis
• 8.6RPM International, Inc.
  • 8.6.1Company Overview
  • 8.6.2Financial Analysis
  • 8.6.3Segmental and Regional Analysis
  • 8.6.4Research & Development Expense
  • 8.6.5SWOT Analysis
• 8.7The Sherwin-Williams Company
  • 8.7.1Company Overview
  • 8.7.2Financial Analysis
  • 8.7.3Segmental
  • 8.7.4Research & Development Expenses
  • 8.7.5Recent strategies and developments:
    • 8.7.5.1Partnerships, Collaborations, and Agreements:
    • 8.7.5.2Product Launches and Product Expansions:
    • 8.7.5.3Acquisition and Mergers:
  • 8.7.6SWOT Analysis
• 8.8Thermal-Chem Corporation
  • 8.8.1Company Overview
  • 8.8.2SWOT Analysis
• 8.9BASF SE
  • 8.9.1Company Overview
  • 8.9.2Financial Analysis
  • 8.9.3Segmental and Regional Analysis
  • 8.9.4Research & Development Expense
  • 8.9.5Recent strategies and developments:
    • 8.9.5.1Partnerships, Collaborations, and Agreements:
  • 8.9.6SWOT Analysis
• 8.10.Berger Paints India Limited
  • 8.10.1Company Overview
  • 8.10.2Financial Analysis
  • 8.10.3Regional Analysis
  • 8.10.4Recent strategies and developments:
    • 8.10.4.1Product Launches and Product Expansions:
  • 8.10.5SWOT Analysis

Chapter 9.Winning Imperatives of Epoxy Coating Market