Epoxy resins paints are known for their excellent adhesion, high performance characteristics and ability to protect surfaces from corrosion, chemicals and moisture. They can bond to a wide range of materials including concrete, metal, wood and fiberglass. Some key advantages of epoxy resins paints include high mechanical strength, chemical and abrasion resistance and superior adhesion properties. With increasing infrastructure development and construction activities globally, the demand for protective and durable paints for various end-use industries has been on the rise.

The global Epoxy Resins Paints Market is estimated to be valued at Us$ 12.84 Bn in 2024 and is expected to exhibit a CAGR Of 8.3% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

Water-based epoxy coatings are gaining popularity owing to their low VOC content and environment-friendly nature. Strict environmental regulations regarding the use of solvent-borne coatings are encouraging manufacturers to invest in the development of water-borne epoxy coatings. These coatings offer properties similar to solvent-borne coatings such as durability, chemical resistance and high performance. moreover, environmental benefits and ease of application of water-based epoxy coatings compared to conventional solvent-borne coatings have been augmenting their demand in the recent years.

Porter’s Analysis

Threat of new entrants: The threat of new entrants is moderate as the Epoxy Resins Paints Market requires high initial investments and established distribution channels.

Bargaining power of buyers: The bargaining power of buyers is high due to the availability of substitutes.

Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are numerous suppliers in the market.

Threat of new substitutes: The threat of new substitutes is high as alternative protective coatings like Polyurethane and Acrylic Resins are available.

Competitive rivalry: The competitive rivalry is high among the key players to gain market share.

Key Takeaways

The Global Epoxy Resins Paints Market Size is expected to witness high growth. The market size for 2024 is US$ 12.84 Bn with a CAGR of 8.3% during the forecast period of 2023 to 2030.

Regional analysis:

Asia Pacific dominates the Epoxy Resins Paints Market and is expected to grow at the fastest rate during the forecast period. This is attributed to increasing infrastructure development and growth of the automotive industry in emerging economies like China and India.

Key players:

Key players operating in the Epoxy Resins Paints Market are Merck KGaA, Solvay, DAIKIN INDUSTRIES, Ltd., Navin Fluorine International Limited, Gujarat Fluorochemicals Limited, Otto Chemie Pvt Ltd, Regal Remedies Limited, and Rational Labs Private Limited. Merck KGaA and Solvay captured over 25% of the global market share in 2021.

Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile