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Link: https://www.lexisbusinessinsights.com/reports/global-epoxy-primer-market-research-report-2021-industry-growth-trends-competitive-analysis-and-forecast-2039-225646

Global Epoxy Primer Market Research Report 2021, Industry Growth Trends, Competitive Analysis And Forecast 2039 | Lexis Business Insights

The global epoxy primer market size was USD 9.95 Billion in 2021 and is expected to register a revenue CAGR of 5.1% over the forecast period. Increasing usage of epoxy primer in aviation and aerospace, rising demand for epoxy primers from the building and construction sector, and increasing awareness to decrease loss caused by corrosion are major factors driving revenue growth of this segment. Epoxy primer is a sealer used to provide an excellent surface finish on applied topcoats, which can be applied to waterproof materials that consequently preserve bare metal from rusting. Epoxy primers are applied over several metal substrates and broadly used on metal substrates for various end-use industries such as marine, energy, automotive, infrastructural structures, aviation, and Oil & Gas (O&G). In addition, epoxy primer is highly required in the aviation industry to improve adhesion properties of interior and exterior structure of aerospace and aviation. Epoxy primer effectively works as a sealed resistance to aircraft hydraulic fluids and chemicals. According to the World Bank, total 1.81 billion air passenger is carried in 2020. These factors are significantly driving revenue growth of the market.

Moreover, rising investments in infrastructural development and construction projects in developing economies driving demand for epoxy primers. According to World Green Building Council, 60% of world population is presently living in the Asia Pacific region and it is expected to significantly drive growth new building construction buildings and infrastructure over the forecast period. Furthermore, epoxy primers are widely procured in the construction industry to ensure adherence of further paint layers. Large number of building and infrastructure developers are using epoxy primer to increases resistance from various surface tolerance condition and prevent extreme weather, which is expected to drive growth of the epoxy primer market.
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