Research and Markets has announced the addition of the “Epoxy Coatings Market by Technology (Solvent borne, Waterborne, and Powder-Based) and Application (Construction, Transportation, General Industrial, and Others) – Forecast to 2021” report to their offering.
The market for epoxy coatings is estimated to grow from USD 26.34 billion in 2016 to USD 33.97 billion by 2021, at a CAGR of 5.22% between 2016 and 2021. The epoxy coatings industry is witnessing high growth because of rise in its application areas, increased demand of waterborne epoxy coatings, and growing demand in the developing regions. Epoxy coatings are largely used in construction applications. Rapid growth of the epoxy coatings market is driven by high growth in construction and transportation applications.
Powder-based epoxy coating is the fastest-growing technology among all the technologies of epoxy coatings due to its environmental-friendly nature and superior performance. Stringent government regulations in the U.S. and Western Europe, especially to reduce air pollution, are likely to trigger the need for adopting new, low-pollution coating technologies. The demand for powder-based epoxy coatings is expected to increase in the future owing to their non-VOC emission properties, thus providing high growth opportunity to the overall epoxy coatings market.
Companies Mentioned:
- Akzonobel N.V.
- Axalta Coating Systems LLC
- BASF SE
- Berger Paints India Ltd.
- Kansai Paint Co. Ltd.
- Nippon Paint Co. Ltd.
- PPG Industries
- RPM International Inc.
- The Sherwin-Williams Company
- The Valspar Corporation
- Tikkurila OYJ
For more information, visit http://www.researchandmarkets.com/research/tt5pj6/epoxy_coatings
