Epoxy Coating Market To Be Driven By Rising R&D Activities Till 2024: Grand View Research, Inc.
Grand View Research has announced the addition of "Epoxy Coating Market Analysis and Segment Forecasts To 2024" Market Research report to their Database.
The global epoxy coating market is expected to reach USD 41.71 billion by 2024, 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.
Solvent borne epoxy emerged as the dominant product segment accounting for over one-third of the total market volume in 2015. Traditionally, they were designed to protect steel, however; they are extensively being used now-a-days for concrete structures and adapted for flooring. Solvents allow easy coating application in required areas without any formulating problems.
Browse full research report on Global Epoxy Coating Market: http://www.grandviewresearch.com/industry-analysis/epoxy-coating-market
Further key findings from the report suggest:
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
Grand View Research has segmented the epoxy coating market on the basis of product, application and region:
Global Epoxy Coating Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
Global Epoxy Coating Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
Global Epoxy Coating Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-epoxy-coating-market
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