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Reports and Data's latest research study on the Epoxy Coating market gives a thorough analysis of it. In this report, the global Epoxy Coating market is analyzed historically and currently to assess its potential future development. In order to identify opportunistic business opportunities for stakeholders, the study provides detailed information on the key growth factors, restraints, and key trends that are paving the way for future growth in the Epoxy Coating market.

The global epoxy coating market size was USD 3 Billion in 2022 and is expected to reach USD 5.52 Billion in 2032, and register a rapid revenue CAGR of 7% during the forecast period. Rising demand for Protective Coatings across a number of end-use sectors, including construction, automotive, aerospace, marine, and Oil & Gas (O&G), is a major factor driving market revenue growth. Epoxy coatings are utilized extensively due to their extraordinary qualities, including their great durability, excellent adhesion, resistance to chemicals and abrasion, and anti-corrosion. These coatings act as a strong barrier against the weather and stop wear and tear, which lowers maintenance expenses.

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Market Overview:

Different businesses in the chemicals and materials industries differ in size, geography, business style, and end-market focus. These businesses are part of a larger ecosystem that includes oil, gas, coal, minerals, and bio-based products as raw materials on one hand and a wide range of application industries on the other. It is traditional to divide the chemical industry into three major categories: petrochemicals, diversified manufacturers, and specialized industries.

While the wider patterns discussed in the previous section apply to the entire sector, the complexities of the distinctions among the various players indicate the need to analyze trends by segment of the industry. As part of its multiverse series, Deloitte classified chemical sector stakeholders into three groups: natural owners, distinctive commodities, and solution providers. Each of these groups usually has its own strategic imperatives. It is common for vertically integrated natural owners to prioritize continuous improvement over innovation when operating their businesses. By focusing on supply chain efficiency, market innovation, and cost optimization, differentiated commodities flourish in a highly fragmented and complex industry. This is exactly what solution providers do: they focus on maximizing the value of their unique products as well as their application expertise and services.

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Moreover, the report provides insight into how the Epoxy Coating market will develop between 2023 and 2028. Companies operating in the Epoxy Coating market can benefit from the in-depth dynamics presented in the report, thereby making strategic development decisions that will help them succeed. During the forecast period, the Epoxy Coating market is expected to undergo significant changes that will highly configure its growth.

Furthermore, the report highlights the growth prospects of the Epoxy Coating market and estimates market progress in terms of value (USD million) and volume (thousand units).

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Strategic Development:

• On December 2021, PPG Industries, Inc. announced its plans to acquire Ennis-Flint, a global leader in pavement markings and traffic safety solutions. The acquisition is aimed at expanding PPG's product offerings in the transportation coatings market and strengthening its position in the global epoxy coating market.
• On September 2021, BASF SE announced the expansion of its coatings plant in Jiangmen, China. The expansion will increase the plant's production capacity for Automotive Coatings and strengthen BASF's position in the global epoxy coating market.
• In 2020, AkzoNobel N.V. announced its acquisition of Stahl, a leading producer of high-performance coatings and specialty polymers. The acquisition was aimed at strengthening AkzoNobel's position in the global epoxy coating market and expanding its product portfolio.
• In 2020, Sherwin-Williams Company announced the acquisition of Valspar Corporation, a leading manufacturer of paints and coatings. The acquisition was aimed at expanding Sherwin-Williams' product offerings in the global epoxy coating market and strengthening its position in the industry.

Research Methodology: Epoxy Coating Market

The research methodology adopted by analysts to compile the Epoxy Coating market report is based on detailed primary as well as secondary research. With the help of in-depth insights of industry-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts of the Epoxy Coating market.

During the primary research phase, analysts interviewed industry stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. On the basis of data obtained through interviews with genuine resources, analysts have emphasized the changing scenario of the Epoxy Coating market.

For secondary research, analysts scrutinized numerous annual report publications, white papers, import and export data of major countries around the world, industrial production index, industry association publications, and company websites to obtain the necessary understanding of the Epoxy Coating market.

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

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