Global Epoxy Resin Industrial Coating Market Share Likely to Grow At a CAGR of 5.8% By 2030

According to Custom Market Insights (CMI), Epoxy resin industrial coatings are protective materials. It is made up of a mixture of two or more different types of epoxies such as epoxy resin, polyamine, and others. It possesses properties such as, resistant to heat & abrasion, and having high adhesion. In addition, it is less toxic, has low flammability, and has low VOC content owing to which it finds applications in various end-use industry including, including automotive, building and construction, transportation, electrical, medical, consumer goods, and others.

Browse the full “Epoxy Resin Industrial Coating Market Size, Trends, and Insights By Type (Solvent Type, Waterborne Type, Non-Solvent Type, Others), By Application (Aerospace, Automobile, Building and Construction, Industrial, Home Appliances, Other), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share Outlook, and Forecast 2022–2030” report at ReportURL

Market Dynamics.
Drivers.

The growing use of epoxy resin industrial coating in the building and construction sector

An increase in investment in building and infrastructure in countries such as U.S., China, India, Japan, and others has led the building and construction sector to witness significant growth where epoxy resin industrial coatings are used for flooring, wall finishing, roofing, and other applications. These factors are anticipated to increase the demand for epoxy resin industrial coatings in the building and construction sector. 

Restraints.

Volatility in prices of epoxy resins

However, the shortage of raw materials has led to an increase in the prices of epoxy resin industrial coatings. Furthermore, a wide range of coatings is available as a substitute for epoxy resins. In addition, improper installation of epoxy coatings may cause molds and water to seep underneath the epoxy floors which in turn may decrease the durability of floors. These factors together are expected to hamper the growth of the market during the forecast period.

Opportunities.

Robust demand from the automotive and industrial sector

Proliferating growth of the automotive sector has witnessed significant growth for the epoxy resin industrial coatings market. The growing adoption of automotive displays, human-machine interfaces, and automated systems are being embedded in luxurious cars by several key manufacturer players including TATA Motors, Mahindra, Hyundai, Tesla, Ford, Audi, and others.

Epoxy resins are widely used in the automotive industry as protective coatings, preserving vehicles and extending their average lifespan. These coatings possess various properties such as thermal insulation, anti-fingerprint, resistant to corrosion, and others. Thus, the growth of the automotive sector will drive the demand for epoxy resin industrial coatings in the upcoming years.

In addition, epoxy resin industrial coatings are predominately used in industrial, aerospace, and in molds for metal casting. The aforementioned factor is expected to drive the market in the upcoming years; thus, it will create new opportunities for the market.

Challenges.

High-cost technology

The fluctuation in the prices of epoxy resin industrial coating may act as one of the challenging factors during the forecast period. In addition, the installation of high-tech nanotechnology for epoxy resin industrial coatings is challenging for the manufacturer thus, it is predicted to hamper the growth of the market.

 Report Highlights.

On the basis of stimulus type, the segment solvent type, waterborne type, non-solvent type, and others.

The solvent type segment dominated the market in 2021 and accounted for 40.56% of the total market share. This is attributed to the fact that solvent-type epoxy resin coatings are less susceptible to external atmospheric conditions such as temperature, humidity, moisture, and others. In addition, it is the best-suited epoxy coating for outdoor and indoor applications.

Furthermore, solvent-type epoxy coatings are widely preferred in the aerospace and defense industry where fighter jets and other defense equipment are used. It is mainly used as a protective coating owing to its ability to work under harsh environmental conditions. These factors are escalating the demand for epoxy resin industrial coatings during the forecast period.

On the basis of application, the segment includes aerospace, automobile, building and construction, marine, packaging, home appliances, and others. It is expected that the global building and construction application segment to hold a dominant position during 2022 – 2030 with a total share of 39.78%. Factors such as governments of developed and developing economies such as the U.S., China, India, and others have increased their spending on developing, towns, buildings, corporate sectors, and construction development projects has driven the market where it is extensively used for concrete coating applications.

According to data published by, the National Investment Promotion and Facilitation Agency of India, the Indian parliament has set up a national bank for financing infrastructure which will fuel the market growth; thus, creating new avenues for the market to grow. In addition, advancement in technology, rapid growth in the furniture sector, and growing consumer demand for modified furniture have enhanced the performance of epoxy resin industrial coatings which it is widely employed on wooden furniture as a protecting coating. These factors are escalating the growth of the epoxy resin industrial coating market.

Regional Snapshots.

Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Asia-Pacific is the dominant region in the global epoxy resin industrial coatings market with a total share of 41.89%. The utilization of epoxy resin industrial coatings has increased in the sectors such as building & construction, automotive, electronics, and others are key market trends in the Asia-Pacific region.

The building & construction sector is one of the booming sectors in the Asia-Pacific region. For instance, according to an article published by Invest India in August 2022, the construction Industry in India is expected to reach $1.4 Tn by 2025 due to a robust increase in the urban population which will significantly enhance the demand for epoxy resin industrial coatings where it gives protection to infrastructure during the uncertain weather conditions. It is also used for protecting the windows & doors, floor slab surfaces from rain, moisture, UV radiation, and others.

 Moreover, China is the topmost producer of electric vehicles in the world where epoxy resin industrial coatings are widely employed in sealing systems, interior roof panels, and other automotive parts as a glassifying agent and anti-corrosion agent which propel the market growth. In addition, countries such as Japan and Taiwan are constantly engaged in expanding their electrical & automation manufacturing output where epoxy resin industrial coatings are widely employed as a protecting material in various electrical & electronic products. For instance, according to a report published by Hennessy Funds, Japan accounts for around 30% market for supplying factory automation products in the world.

These factors are escalating the demand for epoxy resin industrial coatings in the Asia-Pacific region.

Report Scope

Key Market Players in the Epoxy Resin Industrial Coating Market

• BASF
• DowDuPont
• BASF
• Henkel
• Akzo Nobel
• Nippon Paints
• PPG Industries
• Sika
• Teknos
• Wacker Chemie
• Beckers
• DAW
• Helios
• Axallta Coatings System LLC
• Hempel Marine Paints
• Jotun

Segments covered in the report

By Type

• Solvent Type
• Waterborne Type
• Non-Solvent Type
• Others

By Application

• Aerospace
• Automobile
• Building and Construction
• Industrial
• Home Appliances
• Other

By Region

North America

• The U.S.
• Canada
• Mexico

Europe

• France
• The UK
• Spain
• Germany
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America