Key Players
Some
of the prominent players in the global Primers Market are BASF SE
(Germany), Akzo Nobel NV (Netherlands), Asian Paints (India), Nippon
Paint Holdings Co., Ltd (Japan), The Sherwin-Williams Company (US), PPG
Industries Inc. (US), AXALTA (US), Valspar (US), Kansai Paint Co. Ltd
(Japan), Jotun (Norway), Berger Paints India Limited (India), Hempel A/S
(Denmark), RPM International Inc. (US), Masco Corporation (US), and
Tikkurila OYJ (Finland).
The global Primers Market Share
was valued at around USD 19.8 billion in 2018 and is expected to
register a CAGR of approximately 5.8% during the forecast period,
2019–2025
A primer
is a preparatory coating put on materials before painting. Priming
ensures better adhesion of paint to the surface, increases paint
durability, and provides additional protection for the material being
painted. The key drivers of primer market are the growing demand for
high quality interior and exterior view and better shelf life of
materials, walls etc. The market is anticipated to be driven by
industries such as automotive, construction, industrial & marine
coatings with Asia Pacific being the most influencing market.
Segmentation
The global primer market report has been segmented into material, application, end-use industry, and region.
Based on Type
- Dispersants
- epoxy resins
- Biocides
- Other
The
dispersants held the largest market share in the global primer market
as they increase the dispersion process and make the primer more stable
are required in almost every application.
Based on Application
- Concrete
- Wood
- Metal
- Plastic
- Others
Due
to the dominant market of construction & building segment, the
concrete holds the largest segment in the global primer market.
Based on End-Use Industry
- Automotive
- Marine
- Building & construction
- Others
The construction and building segment holds the largest share in the global primer market due to growing industrialization.
Regional Analysis
Geographically,
Asia-Pacific is expected to account for the largest share in the primer
market. This growth is majorly attributed to the growing population
which in turn has increased the need of vehicles, rapid construction
& infrastructure development, increasing disposable income as well
as urbanization. Also, the presence of global players has been fueling
the demand of such primer in the APAC region. Europe and North America
are the matured market for such construction primer and are expected to
grow steadily over the forecast period
NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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