The global epoxy paints market is projected to register a stable CAGR of 5% during the forecast years (2022-2032). Versatility plays a key role in promoting sales of epoxy paints.
Epoxy resins that are available in the market are known as epoxy paints and are used for painting and coating building walls or floors. Being one of the most versatile compounds, Epoxy resins are widely used in the Orth phthalic and polyester family. These are also known as polyepoxides, which belong to the category of reactive prepolymers and polymers that contain the epoxide group.
Epoxy resins react with themselves or with other co-reactants which include phenols, acids, alcohols, polyfunctional amines, and thiols among others. Petroleum is the raw material required to industrially manufacture epoxy resins. Some of the plant-derived sources are gaining traction in manufacturing epoxy resins. Epoxy resins are polymeric or semi-polymeric materials and thus, rarely exist in their pure state.
Key Players
- Momentive Performance Materials
- Kukdo Chemical
- Huntsman Corporation
- The Dow Chemical Company
- Cytec Industries Incorporation
- Aditya Birla Chemicals Ltd.
- NAMA Chemicals
- LEUNA-Harze GmbH
- Spolchemie A.S.
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Key Segments
By Source
- Petroleum based
- Plant based
By Physical form
- Solid
- liquid
- Solution
By Application
- Building Construction
- Aerospace
- Wind Power
- Marine
- Consumer Goods
- Others
More Insights into Epoxy Paints Market
Asia Pacific market is considered the largest manufacturer of epoxy resins owing to the presence of large manufacturers in China. The presence of many manufacturers coupled with their huge production capacities is expected to boost the overall growth of the epoxy paint market.
Europe is yet another emerging market in the global sphere accounting for major consumers in the market. The demand for epoxy resins is gradually growing in North America due to the increase in demand for epoxy paint as the flooring material in living spaces.
The environmentally friendly features of epoxy resins are further expected to augment the overall demand in the market. Therefore, the growing consumer awareness of environment-friendly products coupled with the presence of stringent environmental regulations is expected to further boost the overall growth of the market.
