Epoxy Coatings Market worth 33.97 Billion USD by 2021

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Epoxy Coatings Market by Type ,Application - by
Region Global Trends Forecast to 2021
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Epoxy Coatings Market by Technology (Solvent
borne, Waterborne, and Powder-Based) and
Application (Construction, Transportation,
General Industrial, and Others) - Forecast to
2021 The market size of epoxy coatings is
estimated to grow from USD 26.34 Billion in 2016
to USD 33.97 Billion by 2021, at a CAGR of
5.22. PDF Brochure http//www.marketsandmarke
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The major drivers identified for the global epoxy
coatings market are growing demand for waterborne
epoxy coatings, high growth in end-use
industries, and rising demand from developing
countries. The demand from construction
application is driven by growing urbanization in
Asia-Pacific and RoW, which resulted into
increased demand for residential, commercial, and
industrial infrastructure. Request for
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Powder-based epoxy coatings growing at the
highest rate Stringent government regulations in
the U.S. and Western Europe, especially to reduce
air pollution, will trigger the need for adopting
new, low-pollution coating technologies. The
demand for epoxy powder-based coatings is
expected to increase in the future owing to their
non-VOC emission properties, thus providing high
growth opportunity to the overall epoxy coatings
market. In the past few years, powder-based
epoxy coating has gained substantial popularity
as a VOC-free coating technology. This market is
expected to grow rapidly in the future with the
development of new materials, formulations, and
advancement of equipment and application
processes. The growth in epoxy powder-based
coatings is also driven by high demand from the
end-use applications such as construction,
transportation, and general industrial. Inquiry
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Asia-Pacific is the largest market for epoxy
coatings Asia-Pacific is the largest market for
epoxy coatings, both in terms of volume and
value, followed by RoW and Europe. Countries such
as the U.S., China, and Germany are the major
markets of epoxy coatings. Due to the increasing
demand on domestic front, rising income levels,
and easy access to resources, Asia-Pacific has
emerged as the leading market of epoxy coatings.
South America, especially Brazil, has also
emerged as a key market for epoxy coatings
manufacturers. Not only is the demand for epoxy
coatings expected to be strong in Brazil, but its
proximity to the U.S. makes it an emerging market
for setting up production facilities. Request
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Key players in the Epoxy Coatings Market The key
players in the epoxy coatings market are
AkzoNobel N.V. (Netherlands), Axalta Coating
Systems(U.S.), BASF (Germany), Berger Paints
India Limited (India), Kansai Paint Company
Limited (Japan), Nippon Paint Company
Limited(Japan), PPG Industries Inc. (U.S.), RPM
International Inc. (U.S.), The Sherwin Williams
Company (U.S.), The Valspar Corporation (U.S.),
and Tikkurila Oyj (Finland). Visit Report _at_
http//www.marketsandmarkets.com/Market-Reports/ep
oxy-coatings-market-260587393.html
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