GITNUX MARKETDATA REPORT 2024
Epoxy Coatings Industry Statistics
The epoxy coatings industry is expected to experience steady growth due to increasing demand in construction, automotive, and industrial sectors.
In this post, we explore key statistics shaping the global epoxy coatings industry. From market size and growth rates to regional trends and end-use segments, these figures offer valuable insights into the market dynamics driving the demand for epoxy coatings worldwide.
Statistic 1
"The global epoxy coatings market size was valued at USD 31.64 billion in 2020."
Statistic 2
"The market is expected to expand at a compound annual growth rate (CAGR) of 3.0% from 2021 to 2028."
Statistic 3
"Epoxy coatings have a penetration rate of 46.5% in Asia Pacific in 2020."
Statistic 4
"APAC is the largest and fastest growing market for epoxy coatings, accounting for more than 60% of the total demand."
Statistic 5
"The durability of epoxy coatings makes them the preferred choice, leading to 38.7% of market share in 2020."
Statistic 6
"Global market for epoxy coatings in 2019 was estimated at US$24.7 billion."
Statistic 7
"The epoxy coatings market size is projected to reach USD 41.2 billion by 2024, at a CAGR of 5.2% between 2019 and 2024."
Statistic 8
"China led the global epoxy coatings industry and accounted for the largest revenue share in 2020."
Statistic 9
"Powder-based epoxy coatings are projected to show a significant growth rate over the next seven years."
Statistic 10
"The building and construction end-use industry segment dominated the epoxy coatings market in 2020, accounting for the largest share."
Statistic 11
"The market in North America is expected to exhibit a CAGR of 2.6% over the forecast period."
Statistic 12
"Over the past year, raw material costs for epoxy coatings have increased by about 20-30%."
Statistic 13
"The high cost of epoxy resins is a major challenge for the industry."
Statistic 14
"The marine industry constituted around 25.5% share of the global epoxy coatings market in 2020."
Statistic 15
"The solvent-free segment was the largest product type segment in 2020, accounting for over half of the total market share."
Statistic 16
"Epoxy coatings market in the industrial sector is expected to see a 7.2% growth by 2028."
Statistic 17
"Epoxy coatings are projected to reach a revised market size of US$39.3 billion by 2026."
Jannik Lindner
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The statistics are checked by us and then entered into the database. Our market data reports have been linked to by some of the largest publishers and companies on the Internet.
