Epoxy Coating Market Size To Reach $61.6 Billion By 2030

Epoxy Coating Market Growth & Trends

The global epoxy coating market size is expected to reach USD 61.6 billion by 2030, registering to grow at a CAGR of 6.7% from 2024 to 2030 according to a new report by Grand View Research, Inc. Increase in spending on residential and commercial construction in emerging regions such as Asia Pacific and Middle East is expected to drive global Epoxy Coating Market growth over the next eight years.

Rapid industrialization in Asia Pacific has resulted in an increase in utilization of epoxy coatings for flooring applications for both commercial and industrial structures such as retail stores, hospitals, showrooms, and warehouses. These coatings provide superior gloss and aesthetic finish in form of terrazzo flooring, chip flooring, and colored aggregate flooring.

Growing automotive sector in developing economies of Asia Pacific and Latin America owing to a surge in population base and rising disposable income is expected to stimulate epoxy coatings demand. Growing application scope in rust and corrosion prevention of vehicle bodies and other metal components is likely to augment market growth. In addition, rising use of epoxy-based coatings as primer ensuring paint adhesion for automotive parts will drive the market demand over next eight years.

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Epoxy Coating Market Report Highlights

• Solid epoxy coatings dominated the market and accounted for the largest revenue share of 57.6% in 2023. These epoxies are broadly utilized for several end-use applications such as construction, industrial machinery, electronics, etc.

• Construction applications led the market and accounted for the largest revenue share of 30.4% in 2023. The robust expansion of the construction sector on a large scale in both developing and developed countries results in a high demand for epoxy coating for commercial and residential infrastructural buildings.

• The epoxy coating market in Asia Pacific dominated the global market and accounted for the largest revenue share of 48.0% in 2023 driven by the increasing demand from construction & buildings, the automotive sector, transportation, and other industrial applications in China, Japan, and India.

Epoxy Coating Market Segmentation

Grand View Research has segmented the global epoxy coating market based on product, application, and region:

Epoxy Coating Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Solvent Borne Epoxy

• Waterborne Epoxy

• Solid Epoxy

Epoxy Coating Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Construction

• Industrial

• Transportation

• Others

Epoxy Coating Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

• Latin America

  • Brazil

  • Argentina

List of Key Players in the Epoxy Coating Market

• PPG Industries Inc.

• Akzo Nobel N.V.

• Axalta Coating Systems

• Sherwin-Williams Company

• RPM International Inc.

• Kansai Paint Co., Ltd.

• Asian Paints

• BASF SE

• Nippon Paint Private limited

• Berger Paints India