세계의 에폭시 프라이머 시장 규모 : 기술별, 기재별, 용도별, 지역별, 범위 및 예측

Epoxy Primer Market Size And Forecast

Epoxy Primer Market size was valued at USD 9.69 Billion in 2024 and is projected to reach USD 14.21 Billion by 2031, growing at a CAGR of 4.90% from 2024 to 2031. Epoxy primer is a type of coating that prepares surfaces for painting. It's made of epoxy resin which is a strong, long-lasting material. When applied, it forms a firm, adhesive covering on any surface, even metal or wood. This layer strengthens the bond between the surface and the topcoat of paint ensuring that the final paintwork adheres properly and lasts longer. Epoxy primer is a type of coating used on surfaces to promote adhesion, durability, and protection. It is primarily used in the automotive industry to prepare metal surfaces for painting. This primer creates a barrier between the metal and the paint preventing rust and corrosion while improving paint adhesion. Epoxy primer seals the surface resulting in a smooth and uniform finish that is essential for establishing a professional and long-lasting look.

It is gaining popularity for its toughness and protective properties in a variety of applications. Its prospective applications are expanding, especially in the construction and automobile industries. As buildings and cars become more reliant on long-term environmental protection, epoxy primer is poised to become the preferred option. This type of primer is noted for its outstanding adherence to surfaces forming a strong connection that extends the life of coatings.

Global Epoxy Primer Market Dynamics

The key market dynamics that are shaping the global epoxy primer market include:

Key Market Drivers:

Growth in Construction and Infrastructure Development:

Construction and infrastructure development are continuing to expand which is a major driver of the epoxy primer market. As new buildings, bridges, and roads are built, there is a great demand for high-performance coatings with good adhesion and resilience to environmental variables. Epoxy primers are preferred in these applications because they increase the lifespan and durability of the final paint layers, thereby preserving structures against corrosion, moisture, and wear.

Increasing Automotive Industry Requirements:

The automotive industry is another major driver of epoxy primers. These primers are used by automakers to give a firm base for topcoats resulting in a flawless surface with better resistance to chemicals, scratches, and environmental conditions. Epoxy primers are in high demand as the automotive industry strives for higher vehicle quality and longevity.

Technological Advancements and Innovations:

The introduction of new and improved epoxy primer compositions propels market expansion. Low-VOC (volatile organic compound) epoxy primers address environmental issues by lowering harmful emissions which is becoming increasingly relevant as environmental restrictions tighten. Furthermore, developments in epoxy technology have improved the performance characteristics of these primers making them more adaptable and useful for a variety of applications.

Key Challenges:

Surface Preparation Requirements:

For effective adhesion, epoxy primers require complete surface preparation. Surfaces should be clean, dry, and free of pollutants such as oil, grease, and rust. This preparation can be labor-intensive and time-consuming driving up final project expenses. Inadequate surface preparation can lead to poor adherence causing the primer to peel or flake off over time.

Curing Time:

Epoxy primers often have significant curing times which might cause delays in the entire project timeframe. Unlike some other coatings that dry rapidly, epoxy primers take longer to fully cure and reach their optimum strength. This might be troublesome in sectors where quick turnaround is required. Furthermore, external factors like as temperature and humidity might influence the curing process resulting in discrepancies in the primer's efficacy.

Health and Safety Concerns:

Epoxy primers frequently contain volatile organic compounds (VOCs) and other substances that can be harmful to one's health and safety. If suitable protective equipment and ventilation are not used exposure to these compounds can lead to respiratory problems, skin irritation, and other health issues. To ensure a safe working environment, certain safety rules must be followed which include wearing proper personal protective equipment (PPE) and working in well-ventilated areas.

Key Trends:

Enhanced Environmental Resistance

: Epoxy primers are increasingly being formulated to provide superior environmental resistance. Modern formulations prioritize endurance against adverse environmental conditions such as extreme temperatures, humidity, and UV radiation. This enhancement helps to prevent rust and corrosion on metal surfaces making them perfect for use in construction, automotive, and industrial applications.

Low-VOC and Eco-Friendly Formulations:

The coatings business is heavily focused on environmentally friendly products, and epoxy primers are no exception. There is a rising preference for low-VOC (volatile organic compounds) and water-based epoxy primers. These formulations are intended to limit harmful emissions during application, improve air quality, and comply with stringent environmental standards.

Improved Adherence and Versatility:

Recent advances in epoxy primer technology have centered on improving adherence to a wide range of surfaces. Modern epoxy primers are designed to connect successfully with a variety of materials such as metals, concrete, and fiberglass. Epoxy primers enhanced adaptability makes them appropriate for a broader range of applications including automotive refinishing and industrial maintenance.

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Global Epoxy Primer Market Regional Analysis

Here is a more detailed regional analysis of the global epoxy primer market:

Asia Pacific:

The Asia Pacific region leads the epoxy primer market owing to fast industrialization and considerable infrastructure development in countries such as China, India, and Southeast Asian nations. Several major factors are driving market expansion in the region, contributing to its dominance. The growing building industry in Asia Pacific is a major driver of the epoxy primer market. According to the Asian Development Bank, the region's infrastructure needs are expected to total USD 26 Trillion between 2016 and 2030, or USD 1.7 Trillion each year. This significant investment in infrastructure projects including bridges, airports, and commercial buildings is boosting the demand for epoxy primers which have exceptional adhesion and corrosion resistance capabilities.

The expansion of the industrial sector is also driving growth in the Asia Pacific epoxy primer market. The World Bank estimates that manufacturing value added as a proportion of GDP in East Asia and the Pacific will reach 25.8% in 2020 demonstrating the region's strong industrial foundation. This expansion is especially noticeable in nations such as Vietnam where the General Statistics Office recorded a 9.05% year-on-year increase in industrial production in 2021.

North America:

The North American epoxy primer market is primarily driven by strong growth in the construction and automotive industries with construction emerging as the fastest-growing segment due to increased infrastructure development and renovation projects. This rapid increase can be ascribed to government initiatives, urbanization, and rising demand for environmentally friendly building materials. Epoxy primers are widely utilized in the construction industry due to their excellent adhesion and corrosion resistance.

According to the United States Census Bureau, the value of building projects in the United States will reach USD 1.79 Trillion in 2022, up 10.2% from 2021. According to the US Department of Labor, employment in the construction sector is expected to rise by 4% between 2021 and 2031, generating around 254,900 jobs. The automobile industry is another major driver of the epoxy primer market in North America. According to the US Bureau of Labor Statistics, motor vehicle, and parts manufacturing will employ around 999,700 people in 2022 demonstrating the industry's significant presence.

Global Epoxy Primer Market: Segmentation Analysis

The Global Epoxy Primer Market is segmented based on Technology, Substrate, Application, and Geography.

Epoxy Primer Market, By Technology

• Solvent-Borne Technology
• Waterborne Technology

Based on the Technology, the Global Epoxy Primer Market is bifurcated into Solvent-Borne Technology and Waterborne Technology.

• Solvent-borne technology
• currently holds a dominant position. This dominance is due to its superior performance characteristics including excellent adhesion, durability, and resistance to harsh environmental conditions. Solvent-borne epoxy primers are widely used in industries requiring robust protective coatings such as automotive and industrial applications. They provide strong bonding to various substrates and are favored for their reliability in demanding environments.

Epoxy Primer Market, By Substrate

• Concrete & Masonry
• Fiberglass
• Metal
• Others

Based on the Substrate, the Global Epoxy Primer Market is bifurcated into Concrete & Masonry, Fiberglass, Metal, and Others. In the Global Epoxy Primer Market, metal is the dominant substrate. This is primarily due to the widespread use of epoxy primers in the automotive and industrial sectors where metal surfaces require strong protection against corrosion and wear. Epoxy primers are highly effective on metal because they provide excellent adhesion and create a durable barrier against environmental elements. The automotive industry, in particular, uses metal substrates extensively for vehicle parts leading to a high demand for epoxy primers.

Epoxy Primer Market, By Application

• Marine
• Machinery & Equipment
• Building & Construction
• Automotive
• Others

Based on the Application, the Global Epoxy Primer Market is bifurcated into Marine, Machinery & Equipment, Building & Construction, Automotive, and Others. In the Global Epoxy Primer Market, the building & construction sector is the dominant application. This dominance is driven by the sector's extensive use of epoxy primers for their superior adhesion, corrosion resistance, and durability in harsh environmental conditions. Epoxy primers are critical in protecting structural components, steel reinforcements, and concrete surfaces which are prone to wear and damage. The continuous growth in construction activities and infrastructure projects globally increases the demand for high-performance coatings making this sector a major contributor to market share.

Epoxy Primer Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

Based on Geography, the Global Epoxy Primer Market is classified into North America, Europe, Asia Pacific, and the Rest of the world.

• Asia Pacific
• is currently the dominant region. This is primarily due to its rapid industrialization and growing infrastructure projects, particularly in countries like China and India. The region's strong manufacturing base and increasing automotive production further drive demand for epoxy primers which are crucial for their durability and protection properties. Additionally, favorable government policies and investments in the construction and automotive industries bolster the market.

Key Players

• The "Global Epoxy Primer Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are
• PPG Industries, AkzoNobel, Nippon Paint, 3M, Sherwin-Williams, Jotun, Asian Paints, Kansai Paint, Axalta Coating Systems, and BASF SE.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Global Epoxy Primer Market Key Developments

• In September 2023, PPG Industries, a global leader in paints, coatings, and specialty materials, finalized the acquisition of Tikkurila, a Finnish coatings company noted for its significant presence in the epoxy primer industry. This acquisition enables PPG to broaden its product portfolio and increase its market presence in Europe and other places where Tikkurila has a strong presence. The combination of Tikkurila's epoxy primer technology and distribution networks seeks to boost PPG's competitiveness and expand its capacity to serve a wide range of industrial industries.
• In January 2024, Hempel A/S, a renowned worldwide coatings company, purchased Jotun's marine coatings division. This acquisition broadens Hempel's product offering in the maritime and industrial sectors, including epoxy primers, by incorporating Jotun's sophisticated technologies and market knowledge. The acquisition is expected to boost Hempel's position in the global coatings market and broaden its reach into new areas and customer groups.

TABLE OF CONTENTS

1 INTRODUCTION OF GLOBAL EPOXY PRIMER MARKET

• 1.1 Overview of the Market
• 1.2 Scope of Report
• 1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH

• 3.1 Data Mining
• 3.2 Validation
• 3.3 Primary Interviews
• 3.4 List of Data Sources

4 GLOBAL EPOXY PRIMER MARKET OUTLOOK

• 4.1 Overview
• 4.2 Market Dynamics
  • 4.2.1 Drivers
  • 4.2.2 Restraints
  • 4.2.3 Opportunities
• 4.3 Porters Five Force Model
• 4.4 Value Chain Analysis
• 4.5 Regulatory Framework

5 GLOBAL EPOXY PRIMER MARKET, BY TECHNOLOGY

• 5.1 Overview
• 5.2 Solvent-Borne Technology
• 5.3 Waterborne Technology

6 GLOBAL EPOXY PRIMER MARKET, BY SUBSTRATE

• 6.1 Overview
• 6.2 Concrete & Masonry
• 6.3 Fiberglass
• 6.4 Metal
• 6.5 Others

7 GLOBAL EPOXY PRIMER MARKET, BY APPLICATION

• 7.1 Overview
• 7.2 Marine
• 7.3 Machinery & Equipment
• 7.4 Building & Construction
• 7.5 Automotive
• 7.6 Others

8 GLOBAL EPOXY PRIMER MARKET, BY GEOGRAPHY

• 8.1 Overview
• 8.2 North America
  • 8.2.1 U.S.
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 U.K.
  • 8.3.3 France
  • 8.3.4 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 China
  • 8.4.2 Japan
  • 8.4.3 India
  • 8.4.4 Rest of Asia Pacific
• 8.5 Rest of the World
  • 8.5.1 Latin America
  • 8.5.2 Middle East and Africa

9 GLOBAL EPOXY PRIMER MARKET COMPETITIVE LANDSCAPE

• 9.1 Overview
• 9.2 Company Market ranking
• 9.3 Vendor Landscape
• 9.4 Key Development Strategies

10 COMPANY PROFILES

• 10.1 PPG Industries
  • 10.1.1 Overview
  • 10.1.2 Financial Performance
  • 10.1.3 Product Outlook
  • 10.1.4 Key Developments
• 10.2 AkzoNobel
  • 10.2.1 Overview
  • 10.2.2 Financial Performance
  • 10.2.3 Product Outlook
  • 10.2.4 Key Developments
• 10.3 Nippon Paint
  • 10.3.1 Overview
  • 10.3.2 Financial Performance
  • 10.3.3 Product Outlook
  • 10.3.4 Key Developments
• 10.4 3M
  • 10.4.1 Overview
  • 10.4.2 Financial Performance
  • 10.4.3 Product Outlook
  • 10.4.4 Key Developments
• 10.5 Sherwin-Williams
  • 10.5.1 Overview
  • 10.5.2 Financial Performance
  • 10.5.3 Product Outlook
  • 10.5.4 Key Developments
• 10.6 Jotun
  • 10.6.1 Overview
  • 10.6.2 Financial Performance
  • 10.6.3 Product Outlook
  • 10.6.4 Key Developments
• 10.7 Asian Paints
  • 10.7.1 Overview
  • 10.7.2 Financial Performance
  • 10.7.3 Product Outlook
  • 10.7.4 Key Developments
• 10.8 Kansai Paint
  • 10.8.1 Overview
  • 10.8.2 Financial Performance
  • 10.8.3 Product Outlook
  • 10.8.4 Key Developments
• 10.9 Axalta Coating Systems
  • 10.9.1 Overview
  • 10.9.2 Financial Performance
  • 10.9.3 Product Outlook
  • 10.9.4 Key Developments
• 10.10 BASF SE
  • 10.10.1 Overview
  • 10.10.2 Financial Performance
  • 10.10.3 Product Outlook
  • 10.10.4 Key Developments

11 APPENDIX

• 11.1 Related Research