HOME Top Market Reports Epoxy Primer Market by Substrate (Metal, Concrete & Masonry, and Fiberglass), Application (Building & Construction, Automotive, Marine, and Machinery & Equipment), Technology (Solvent-borne, and Waterborne), and Region-Global Forecast to 2023

Epoxy Primer Market by Substrate (Metal, Concrete & Masonry, and Fiberglass), Application (Building & Construction, Automotive, Marine, and Machinery & Equipment), Technology (Solvent-borne, and Waterborne), and Region-Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: August 2018
Report Code: CH 6499

 

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The epoxy primer market was valued at USD 8.01 billion in 2017 and is projected to reach USD 10.91 billion by 2023, at a CAGR of 5.1% between 2018 and 2023. The base year considered for the study is 2017 and the forecast period is from 2018 to 2023.

Objectives of the Study

  • To define, describe, and forecast the global epoxy primer market, in terms of value and volume, on the basis of substrate, application, technology, and geography
  • To forecast the market size with respect to 5 main regions - APAC, Europe, North America, South America, and the Middle East & Africa
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the epoxy primer market
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contribution to the overall market
  • To analyze the opportunities in the epoxy primer market for stakeholders and draw a competitive landscape for market leaders
  • To analyze competitive developments such as investments & expansions; joint ventures; mergers & acquisitions; product developments; and research & development (R&D) activities in the epoxy primer market
  • To strategically profile key players and comprehensively analyze their core competencies

Both, the top-down and bottom-up approaches were used to estimate and validate the size of the epoxy primer market, and to estimate the size of various other dependent submarkets. This research study involved the extensive use of secondary sources, directories, and databases, such as D&B Hoovers, Bloomberg, Chemical Weekly, Factiva, ICIS, and the Securities and Exchange Commission (SEC), among other government and private websites, to identify and collect information useful for a technical, market-oriented, and commercial study of the epoxy primer market.

Epoxy Primer Market

To know about the assumptions considered for the study, download the pdf brochure

The epoxy primer market has a diversified and established ecosystem of upstream players-such as raw material suppliers-and downstream stakeholders-such as manufacturers, vendors, end users, and government organizations. Key global players of the epoxy primer market are The Sherwin-Williams Company (US), PPG Industries Inc. (US), AkzoNobel N.V. (Netherlands), BASF SE (Germany), Axalta Coating Systems LLC (US), Kansai Paint Co. Ltd. (Japan), Nippon Paint Co. Ltd. (Japan), Tikkurila Oyj (Finland), and RPM International Inc. (US).

Key Target Audience

  • Manufacturers, dealers, and suppliers of epoxy primer
  • Raw material manufacturers of epoxy primer
  • Regional manufacturers of coatings
  • Government and regional agencies
  • Research and development institutions

Scope of the Report

The global epoxy primer market has been covered in detail in this report. Current market demand and forecasts have also been included to provide a comprehensive market scenario.

Epoxy primer Market, By Substrate:

  • Metal
  • Concrete & Masonry
  • Fiberglass

Epoxy primer Market, By Application

  • Building & Construction
  • Automotive
  • Marine
  • Machinery & Equipment

Epoxy primer Market, By Technology

  • Solvent-borne
  • Waterborne

Epoxy primer Market, By Region

  • APAC
  • Europe
  • North America
  • Middle East & Africa
  • South America

The market has been further studied for key countries in each of these regions.

Drivers

High demand from various applications

Epoxy primers offer excellent adhesion and corrosion resistance properties, which make them preferable for various applications such as building & construction, automotive, marine, oil & gas, energy, and machinery & equipment. The focus on infrastructural development and construction activities in emerging economies such as APAC and the Middle East & Africa is driving the demand for epoxy primers in the building & construction application. Automotive and marine are also the important application areas of epoxy primer. The automotive application is projected to register the highest CAGR of 4.4%, in terms of volume, during the forecast period. Automotive sales in APAC have witnessed a steady growth in the past few years. According to Asia Motor, business vehicle sales have grown by 2.4% in 2015 in this region. The key countries contributing to the growth in this region include China, India, Japan, South Korea, and Indonesia. China and India are projected to be the fastest-growing markets during the forecast period, owing to the growth in the automotive industry. These factors have played an important role in fueling the demand for epoxy primers in the automotive application.

Increasing need to reduce the loss caused by corrosion

Corrosion is one of the major concerns for various industries. The issues posed by corrosion can lead to monetary losses and cause a direct threat to the well-being of general property as well as the life of people. American Society of Civil Engineers (ASCE), in 2011, estimated the loss caused by corrosion in the US to be higher than USD 500 billion each year. It is also estimated that nearly USD 3.6 trillion would be spent in the country by 2020 for the repair and maintenance of the damages caused by corrosion. The National Corrosion Council of India (NCCI) estimated corrosion losses in India to be equal to 2–4% of the country’s GDP in 2014, which amounts to nearly USD 100 billion.

More than one-third of the losses can be prevented by using corrosion-resistant materials such as epoxy primer. Therefore, the need to reduce the losses caused by corrosion is expected to be one of the important drivers for the epoxy primer market.

Restraints

Fluctuating raw material prices

Fluctuating raw material prices is one of the major restraining factors for the epoxy primer market. The raw materials used for manufacturing these primers are petrochemicals obtained from the processing of crude oil. Hence, the current slump in oil prices has a direct impact on the coatings industry. The dip in prices is bound to benefit the coating producers in the long-term, though in the short-term, the low prices can pose a threat to the manufacturers, as the past inventory costs affect the production. The coatings market, on the whole, is estimated to register significant growth owing to the increasing demand from the developing regions such as APAC and the Middle East & Africa. In terms of demand, the fall in oil prices is expected to decrease the demand for coatings from major applications owing to the reduction in investments. This, in turn, will result in the weakening of the economy.

Stringent environment regulations

Many regulations have been set to reduce volatile organic compound (VOC) emissions from coatings. For example, REACH and LEED GreenSeal GC-03 2nd, established in 1997, specifies the VOC content in grams per liter (g/L) for coatings. Such regulations have put pressure on the epoxy primer manufacturers to comply with the standards by reducing the VOC content while simultaneously trying to enhance or maintain the quality and performance. The regulations have also impacted the price of epoxy primers, as there is a change in the technology for the production of waterborne or high solid epoxy primers with low VOC. The regulations have compelled the manufacturers to explore epoxy primers produced using solvent-borne technology with high solid content or to produce waterborne epoxy primer. The change in technology incurs heavy investments, as it involves high-cost production process, which also impacts the performance of epoxy primer coatings. Therefore, these regulations result in a short-term restraint for the growth of the epoxy primer market.

Available Customization

Along with the market data, MarketsandMarkets offers customizations according to the specific needs of the company. The following customization options are available for the report:

Regional Analysis

  • A country-level analysis of the epoxy primer market based on substrate, application, and technology.

Company Information

  • Detailed analysis and profiles of additional market players


Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Unit Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Top-Down and Bottom-Up Approach
    2.3 Data Triangulation
           2.3.1 Assumptions
           2.3.2 Limitations

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 28)
    4.1 Attractive Market Opportunities in the Epoxy Primer Market
    4.2 Epoxy Primer Market, By Substrate
    4.3 Epoxy Primer Market, By Application
    4.4 Epoxy Primer Market in APAC, By Country and Application

5 Market Overview (Page No. - 30)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 High Demand From Various Applications
                    5.2.1.2 Increasing Need to Reduce the Loss Caused By Corrosion
           5.2.2 Restraints
                    5.2.2.1 Fluctuating Raw Material Prices
                    5.2.2.2 Stringent Environment Regulations
           5.2.3 Opportunities
                    5.2.3.1 Growing Demand for High-Performance Epoxy Primers
                    5.2.3.2 High Industrial Growth in APAC and Middle East & Africa
    5.3 Porter’s Five Forces Analysis
           5.3.1 Threat of New Entrants
           5.3.2 Threat of Substitutes
           5.3.3 Bargaining Power of Suppliers
           5.3.4 Bargaining Power of Buyers
           5.3.5 Intensity of Competitive Rivalry

6 Epoxy Primer Market, By Substrate (Page No. - 36)
    6.1 Introduction
    6.2 Metal
    6.3 Concrete & Masonry
    6.4 Fiberglass
    6.5 Others

7 Epoxy Primer Market, By Application (Page No. - 42)
    7.1 Introduction
    7.2 Building & Construction
    7.3 Automotive
    7.4 Marine
    7.5 Machinery & Equipment
    7.6 Others

8 Epoxy Primer Market, By Technology (Page No. - 49)
    8.1 Introduction
    8.2 Solvent-Borne Technology
    8.3 Waterborne Technology

9 Epoxy Primer Market, By Region (Page No. - 53)
    9.1 Introduction
    9.2 APAC
           9.2.1 China
           9.2.2 India
           9.2.3 Japan
           9.2.4 South Korea
           9.2.5 Indonesia
           9.2.6 Thailand
           9.2.7 Malaysia
           9.2.8 Rest of APAC
    9.3 Europe
           9.3.1 Germany
           9.3.2 UK
           9.3.3 France
           9.3.4 Italy
           9.3.5 Spain
           9.3.6 Russia
           9.3.7 Turkey
           9.3.8 Poland
           9.3.9 Rest of Europe
    9.4 North America
           9.4.1 US
           9.4.2 Canada
           9.4.3 Mexico
    9.5 Middle East & Africa
           9.5.1 Africa
           9.5.2 Saudi Arabia
           9.5.3 Rest of Middle East & Africa
    9.6 South America
           9.6.1 Brazil
           9.6.2 Argentina
           9.6.3 Rest of South America

10 Competitive Landscape (Page No. - 86)
     10.1 Overview
     10.2 Market Ranking of Key Players
     10.3 Competitive Scenario
             10.3.1 Mergers & Acquisitions
             10.3.2 New Product Launches
             10.3.3 Investments & Expansions

11 Company Profiles (Page No. - 94)
     11.1 PPG Industries
     11.2 Akzonobel
     11.3 Sherwin-Williams
     11.4 Axalta Coating Systems
     11.5 BASF SE
     11.6 Nippon Paint
     11.7 Jotun
     11.8 Asian Paints
     11.9 Kansai Paint
     11.10 3M
     11.11 Hempel
     11.12 RPM International
     11.13 Tikkurila Oyj
     11.14 Berger Paints
     11.15 Other Market Players
             11.15.1 KCC
             11.15.2 Carpoly
             11.15.3 Sika
             11.15.4 Diamond Vogel Paints
             11.15.5 Hunan Xiangjiang Paint
             11.15.6 DAW
             11.15.7 BESA
             11.15.8 Noroo Paint & Coatings
             11.15.9 HMG Paints
             11.15.10 Chugoku Marine Paints
             11.15.11 Toa Performance Coating (Toapc) Corporation

12 Appendix (Page No. - 135)
     12.1 Discussion Guide
     12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.3 Available Customizations
     12.4 Related Reports
     12.5 Author Details


List of Tables (73 Tables)

Table 1 Epoxy Primer Market Size, By Substrate, 2016–2023 (USD Million)
Table 2 Epoxy Primer Market Size, By Substrate, 2016–2023 (Kiloton)
Table 3 Epoxy Primer Market Size for Metal Substrate, By Region, 2016–2023 (USD Million)
Table 4 Epoxy Primer Market Size for Metal Substrate, By Region, 2016–2023 (Kiloton)
Table 5 Epoxy Primer Market Size for Concrete & Masonry Substrate, By Region, 2016–2023 (USD Million)
Table 6 Epoxy Primer Market Size for Concrete & Masonry Substrate, By Region, 2016–2023 (Kiloton)
Table 7 Epoxy Primer Market Size for Fiberglass Substrate, By Region, 2016–2023 (USD Million)
Table 8 Epoxy Primer Market Size for Fiberglass Substrate, By Region, 2016–2023 (Kiloton)
Table 9 Epoxy Primer Market Size for Other Substrates, By Region, 2016–2023 (USD Million)
Table 10 Epoxy Primer Market Size for Other Substrates, By Region, 2016–2023 (Kiloton)
Table 11 By Market Size, By Application, 2016–2023 (USD Million)
Table 12 By Market Size, By Application, 2016–2023 (Kiloton)
Table 13 By Market Size in Building & Construction, By Region, 2016–2023 (USD Million)
Table 14 By Market Size in Building & Construction, By Region, 2016–2023 (Kiloton)
Table 15 By Market Size in Automotive, By Region, 2016–2023 (USD Million)
Table 16 By Market Size in Automotive, By Region, 2016–2023 (Kiloton)
Table 17 By Market Size in Marine, By Region, 2016–2023 (USD Million)
Table 18 By Market Size in Marine, By Region, 2016–2023 (Kiloton)
Table 19 By Market Size in Machinery & Equipment, By Region, 2016–2023 (USD Million)
Table 20 By Market Size in Machinery & Equipment, By Region, 2016–2023 (Kiloton)
Table 21 By Market Size in Other Applications, By Region, 2016–2023 (USD Million)
Table 22 By Market Size in Other Applications, By Region, 2016–2023 (Kiloton)
Table 23 By Market Size, By Technology, 2016–2023 (USD Million)
Table 24 By Market Size, By Technology, 2016–2023 (Kiloton)
Table 25 By Market Size for Solvent-Borne Technology, By Region, 2016–2023 (USD Million)
Table 26 By Market Size for Solvent-Borne Technology, By Region, 2016–2023 (Kiloton)
Table 27 By Market Size for Waterborne Technology, By Region, 2016–2023 (USD Million)
Table 28 By Market Size for Waterborne Technology, By Region, 2016–2023 (Kiloton)
Table 29 By Market Size, By Region, 2016–2023 (USD Million)
Table 30 By Market Size, By Region, 2016–2023 (Kiloton)
Table 31 APAC: By Market Size, By Country, 2016–2023 (USD Million)
Table 32 APAC By Market Size, By Country, 2016–2023 (Kiloton)
Table 33 APAC: By Market Size, By Substrate, 2016–2023 (USD Million)
Table 34 APAC: By Market Size, By Substrate, 2016–2023 (Kiloton)
Table 35 APAC: By Market Size, By Application, 2016–2023 (USD Million)
Table 36 APAC: By Market Size, By Application, 2016–2023 (Kiloton)
Table 37 APAC: By Market Size, By Technology, 2016–2023 (USD Million)
Table 38 APAC: By Market Size, By Technology, 2016–2023 (Kiloton)
Table 39 Europe: By Market Size, By Country, 2016–2023 (USD Million)
Table 40 Europe: By Market Size, By Country, 2016–2023 (Kiloton)
Table 41 Europe: By Market Size, By Substrate, 2016–2023 (USD Million)
Table 42 Europe: By Market Size, By Substrate, 2016–2023 (Kiloton)
Table 43 Europe: By Market Size, By Application, 2016–2023 (USD Million)
Table 44 Europe: By Market Size, By Application, 2016–2023 (Kiloton)
Table 45 Europe: By Market Size, By Technology, 2016–2023 (USD Million)
Table 46 Europe: By Market Size, By Technology, 2016–2023 (Kiloton)
Table 47 North America: By Market Size, By Country, 2016–2023 (USD Million)
Table 48 North America: By Market Size, By Country, 2016–2023 (Kiloton)
Table 49 North America: By Market Size, By Substrate, 2016–2023 (USD Million)
Table 50 North America: By Market Size, By Substrate, 2016–2023 (Kiloton)
Table 51 North America: By Market Size, By Application, 2016–2023 (USD Million)
Table 52 North America: By Market Size, By Application, 2016–2023 (Kiloton)
Table 53 North America: By Market Size, By Technology, 2016–2023 (USD Million)
Table 54 North America: By Market Size, By Technology, 2016–2023 (Kiloton)
Table 55 Middle East & Africa: By Market Size, By Country, 2016–2023 (USD Million)
Table 56 Middle East & Africa: By Market Size, By Country, 2016–2023 (Kiloton)
Table 57 Middle East & Africa: By Market Size, By Substrate, 2016–2023 (USD Million)
Table 58 Middle East & Africa: By Market Size, By Substrate, 2016–2023 (Kiloton)
Table 59 Middle East & Africa: By Market Size, By Application, 2016–2023 (USD Million)
Table 60 Middle East & Africa: By Market Size, By Application, 2016–2023 (Kiloton)
Table 61 Middle East & Africa: By Market Size, By Technology, 2016–2023 (USD Million)
Table 62 Middle East & Africa: By Market Size, By Technology, 2016–2023 (Kiloton)
Table 63 South America: By Market Size, By Country, 2016–2023 (USD Million)
Table 64 South America: By Market Size, By Country, 2016–2023 (Kiloton)
Table 65 South America: By Market Size, By Substrate, 2016–2023 (USD Million)
Table 66 South America: By Market Size, By Substrate, 2016–2023 (Kiloton)
Table 67 South America: By Market Size, By Application, 2016–2023 (USD Million)
Table 68 South America: By Market Size, By Application, 2016–2023 (Kiloton)
Table 69 South America: By Market Size, By Technology, 2016–2023 (USD Million)
Table 70 South America: By Market Size, By Technology, 2016–2023 (Kiloton)
Table 71 Mergers & Acquisitions, 2015–2018
Table 72 New Product Launches, 2015–2018
Table 73 Investments & Expansions, 2015–2018


List of Figures (43 Figures)

Figure 1 Epoxy Primer Market Segmentation
Figure 2 Epoxy Primer Market: Research Design
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Market Size Estimation: Bottom-Up Approach
Figure 5 Epoxy Primer Market: Data Triangulation
Figure 6 Metal Substrate Dominates the Epoxy Primer Market
Figure 7 Building & Construction to Be the Largest Application
Figure 8 APAC to Dominate the Epoxy Primer Market
Figure 9 Emerging Economies Offer High Growth Opportunities to the Epoxy Primer Market
Figure 10 Metal Substrate to Register the Highest Cagr
Figure 11 Automotive Application to Register the Highest Cagr
Figure 12 China Was the Largest Market for Epoxy Primer
Figure 13 Overview of Factors Governing the Epoxy Primer Market
Figure 14 Metal Substrate to Dominate the Epoxy Primer Market
Figure 15 Building & Construction to Lead the Epoxy Primer Market
Figure 16 Solvent-Borne Technology Dominates the Epoxy Primer Market
Figure 17 China to Register the Highest Cagr Between 2018 and 2023
Figure 18 APAC: Epoxy Primer Market Snapshot
Figure 19 Europe: Epoxy Primer Market Snapshot
Figure 20 North America: Epoxy Primer Market Snapshot
Figure 21 Building & Construction Application to Drive the Middle East & African Epoxy Primer Market
Figure 22 Building & Construction Application to Dominate the SouthAmerican Epoxy Primer Market
Figure 23 Companies Adopted Merger & Acquisition as the Key Growth Strategy Between 2015 and 2018
Figure 24 Market Ranking of Key Players (2017)
Figure 25 PPG Industries: Company Snapshot
Figure 26 PPG Industries: SWOT Analysis
Figure 27 Akzonobel: Company Snapshot
Figure 28 Akzonobel: SWOT Analysis
Figure 29 Sherwin-Williams: Company Snapshot
Figure 30 Sherwin-Williams: SWOT Analysis
Figure 31 Axalta Coating Systems: Company Snapshot
Figure 32 Axalta Coating Systems: SWOT Analysis
Figure 33 BASF: Company Snapshot
Figure 34 BASF: SWOT Analysis
Figure 35 Nippon Paint: Company Snapshot
Figure 36 Jotun: Company Snapshot
Figure 37 Asian Paints: Company Snapshot
Figure 38 Kansai Paint: Company Snapshot
Figure 39 3M: Company Snapshot
Figure 40 Hempel: Company Snapshot
Figure 41 RPM International: Company Snapshot
Figure 42 Tikkurila: Company Snapshot
Figure 43 Berger Paints: Company Snapshot

The increasing demand for epoxy primer in various applications and the growing awareness to reduce the loss caused by corrosion are expected to drive the growth of epoxy market. In terms of value, the global epoxy primer market is estimated to be USD 8.52 billion in 2018 and is projected to reach USD 10.91 billion by 2023, at a CAGR of 5.1% between 2018 and 2023.

Based on substrate, the metal substrate is estimated to account for the largest share of the epoxy primer market in 2018. The epoxy primer experience high demand from building & construction, automotive, and marine sector. These primers are used to wet the surface and provide excellent adhesion to the applied coats. They also offer excellent corrosion and chemical resistance, thereby preventing rust formation. Based on application, the building & construction segment is estimated to account for the largest share of the epoxy primer market in 2018. It is widely used on concrete & masonry surfaces for flooring application. In this application, it is also preferred for metal substrates that are used for priming structures.

Based on technology, the solvent-borne segment is estimated to account for the largest share of the epoxy primer market in 2018. The epoxy primers produced using solvent-borne technology have superior characteristics and are used in a wide variety of applications such as building & construction, automotive, marine, and other industrial machinery & equipment.

Epoxy Primer Market

APAC is estimated to account for a major share of the overall epoxy primer market in 2018. The market is driven by the increasing demand from various applications, such as building & construction, automotive, power generation, oil & gas, and marine. Moreover, the high growth of the emerging economies and increasing disposable income in APAC make it an attractive market for coatings, thereby the epoxy primer market.

However, the fluctuating raw material prices and environmental regulations to reduce the use of epoxy primers produced using solvent-borne technology are restraining the growth of the market.

Key global players of the epoxy primer market are The Sherwin-Williams Company (US), PPG Industries Inc. (US), AkzoNobel N.V. (Netherlands), BASF SE (Germany), Axalta Coating Systems LLC (US), Kansai Paint Co. Ltd. (Japan), Nippon Paint Co. Ltd. (Japan), Tikkurila Oyj (Finland), and RPM International Inc. (US). Top players focus on expansions and new product launches as major strategies to consolidate their position in the market. There is a high competition among these market players, and they focus on organic and inorganic growth strategies to increase their market share and global foothold. For instance, in June 2017, Sherwin-Williams acquired Valspar Corporation (US). The acquisition has helped the company enhance its position as a premier global paints and coatings provider, globally. In October 2017, PPG Industries acquired the Crown Group (US), a coating application company. The acquisition helps it serve its customers better in North America. PPG Industries has also invested about USD 49.0 million to start a new paints & coatings manufacturing facility and commercial operation in the Lipetsk region of Russia. The expansion helps it better serve the existing customers in Russia and Eastern Europe and increases its presence in Europe and the Middle East & Africa (EMEA).

Opportunities

Growing demand for high-performance epoxy primers

The changing operating conditions in various industries such as automotive, marine, and oil & gas have created a demand for epoxy primers with superior properties and efficiency. For example, the increasing use of enhanced oil recovery (EOR) methods in the oil & gas sector has created the requirement for coatings that can endure high temperatures and pressure efficiently, and ensure long-term protection of the structures.

High industrial growth in APAC and Middle East & Africa

The high industrial growth in APAC and the Middle East & Africa has created new growth opportunities for the epoxy primer market. Domestic and foreign investments in the key industries such as automotive, construction, energy, manufacturing, and transportation have been consistently growing over the past decade. China, which has almost 20% of the world’s population, has emerged as one of the major economies in the world. Although the GDP growth of China for 2016 was 6.1%, it witnesses a positive industrial outlook. The growth of different industries has resulted in an increased demand for coatings from various applications, thereby creating growth opportunities for the epoxy primer market in the country.

Mergers & Acquisitions, 2015–2018

Date

Company Name

Description

October 2017

PPG Industries (US) & Crown Group (US)

PPG Industries acquired the Crown Group (US), a coating application company. The company operates in 11 sites and offers coating products including epoxy primers for the automotive, agriculture, construction, heavy truck, and other industries. The acquisition helps in enhancing the company’s ability to serve its customers efficiently.

September 2017

Hempel (Denmark) & Schaepman’s Lakfabrieken (Netherlands)

The company acquired Schaepman’s Lakfabrieken B.V. (Netherlands) and renamed to Hempel Industrial B.V.; it continues all activities under the Hempel brand. The acquisition helps the company in enhancing its market position in Europe by increasing the product portfolio of industrial coatings. It also helps in enhancing its distribution network in this region.

New Product Launches, 2015–2018

Date

Company Name

Description

November 2017

Axalta Coating Systems (US)

The company has launched Corlar LV PR 178 Series Epoxy Primer for industrial markets. It is formulated to provide exceptionally strong adhesion and outstanding corrosion resistance on properly prepared substrates in oil refineries, off-shore platforms, construction equipment, metal fabrication, and oil and gas industry machinery. It is a two-part primer which has corrosion inhibiting and excellent weather resistance capabilities. These primers are used in the different substrates such as steel, wood, concrete, and aluminum surface.

September 2017

AkzoNobel (Netherlands)

The company introduced Intergard 251HS and Intergard 2575, which are two-component, corrosion-resistant epoxy primers. These primers are suitable for steel construction applications.

Investments & Expansions, 2015–2018

Date

Company Name

Description

Dec 2017

BASF (Germany)

The company’s coatings division inaugurated a new automotive coatings plant at its Bangpoo manufacturing site, Samutprakarn province, Thailand. The new plant is the first BASF automotive coatings manufacturing facility in ASEAN. It produces solvent-borne and waterborne automotive coatings to meet the growing market demands in the region.

June 2017

PPG Industries (US)

The company invested about USD 49 million to start a new paints & coatings manufacturing facility and commercial operation in the Lipetsk region of Russia. This site employs about 200 people and produces about 25 million liters of coatings at full capacity. It manufactures and distributes coating products, including epoxy primers, for automotive, industrial, packaging, and protective, and marine applications. The expansion helps in better serving the existing customers in Europe, and also increases the presence in Europe, Middle East and Africa (EMEA). 

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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