Chemical industry reports Epoxy Surface Coating Market Trends, 2024 | Page 2
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Low performance in exterior application and slow growth in the developed countries is
expected to be a restraint in the epoxy surface coating market.
High economic growth in emerging economies and high growth in powder based epoxy
coating are expected to offer lucrative growth opportunities for the key industry player.
Stringent regulations and fluctuating raw material prices are expected to be major
challenges in the epoxy surface coating market. It exhibits the superior properties such as
corrosion resistance, superior adhesion, and flexibility.
The market has been segmented on the basis of technology such as waterborne, powder based and solved based.
Waterborne epoxy coating is expected to have substantial growth over the forecast period
owing to low odor and free of volatile organic compounds. It has wide scope applications
such as warehouses, garages, institutional, transportation, agricultural, construction and
industrial.
Powder-based epoxy coating is expected to have a substantial growth owing to
environmental-friendly nature and superior performance.
The epoxy powdered coating has a wide scope of applications such as ceiling panels,
display shelving, heaters, household goods, instrument casings, internal vehicle
components, sports equipment, tubular steel furniture and wire work.
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