| Study Period | 2019 - 2030 |
| Market Size (2025) | USD 33.37 Billion |
| Market Size (2030) | USD 41.09 Billion |
| CAGR (2025 - 2030) | 4.25 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
Epoxy Coatings Market Analysis
The Epoxy Coatings Market size is estimated at USD 33.37 billion in 2025, and is expected to reach USD 41.09 billion by 2030, at a CAGR of 4.25% during the forecast period (2025-2030).
The epoxy coatings market was affected negatively due to the COVID-19 pandemic. The weakening automotive and transportation industry, as well as a brief halt in construction activity owing to the pandemic lockdown, had a detrimental impact on the phase change materials market demand. However, the market has now reached pre-pandemic levels and is expected to grow at a steady pace during the forecast period.
- The major factors driving the market studied are increasing demand for water-borne epoxy coatings, and growth in the building and construction industry is also expected to increase the market demand for epoxy coatings.
- However, stringent regulations on volatile organic compounds (VOC) emissions are expected to hinder the market's growth.
- The introduction of epoxies with minimal or no VOC emissions is likely to act as an opportunity in the future.
- Asia-Pacific is expected to dominate the global market, with the largest consumption of epoxy coatings during the forecast period.
Epoxy Coatings Market Trends
Increasing Demand from the Building and Construction Industry
- Epoxy coatings are majorly used for quick-drying, protective coating, etc., for floors, metal, and other materials. Epoxy coatings can be used as epoxy floor paints in applications such as industrial or commercial flooring applications.
- According to the United States Census Bureau, the construction spending during April 2023 was estimated at a seasonally adjusted annual rate of USD 1,908.4 billion, 1.2 percent above the revised March estimate of USD 1,885.0 billion. The April figure is 7.2 percent above the April 2022 estimate of USD 1,780.9 billion.
- Moreover, during the first four months of 2023, the construction spending amounted to USD 566.7 billion, approximately 6 percent above the USD 533.9 billion spending for the same period in 2022.
- With the largest building stock on the continent, Germany is Europe's largest construction market. One of the main goals the German government established for the nation was affordable housing. The government plans to build 400,000 new housing units every year, 100,000 of which would be publicly subsidized.
- Germany had also given the go-ahead for the construction of 25,399 dwellings for October 2022. In comparison to October 2021, this implies a decrease in building permits of 4,198, or 14.2%, according to the Federal Statistics Office (Destatis). Moreover, a total of 297,453 residential building licenses were issued between January and October 2022.
- The expansion and proliferation of the building and construction sector is anticipated to be the main driver of the market for epoxy coating and thus drive the market forward.
Understand The Key Trends Shaping This Market
Download PDF
Asia-Pacific Region to Dominate the Market
- Asia-Pacific region is expected to have the highest growth during the forecast period, owing to the increase in demand from the end-user industries, including building and construction, automotive, transportation, industrial, and other industries.
- The fourth quarter of 2022 saw an increase in China's construction output of around 50% over the previous quarter (USD 27.6 billion), reaching an estimated CNY 276 billion (about USD 40 billion), according to the National Bureau of Statistics of China. Due to the nation's emphasis on energy-efficient structures, phase change materials are also widely used in the construction sector.
- The Japanese construction sector is also predicted to boom because of the events that will be held in the nation. For example, in 2025, Osaka will host the World Expo. Most of the building is motivated by rehabilitation and recovery after natural catastrophes. Two high-rise structures for Tokyo Stations, a 37-story, 230m tall office tower scheduled to open in 2021 and a 61-story, 390m tall office tower scheduled to open in 2027.
- Furthermore, the number of residences developed and sanctioned under the PMAY plan in India's urban regions in 2022 was probably around 5.5 million and 11.4 million, respectively, according to the Federation of Indian Chambers of Commerce and Industry (FICCI).
- Furthermore, China has been the largest and most dominant nation in terms of vehicle production and sales of all types. In 2022, automotive production in the country reached 27.02 million units, which increased by approximately 3.4%, compared to 26.08 million vehicles produced in 2021, as stated by the China Association of Automobile Manufacturers.
- Additionally, as Japan's automotive sector is expanding, many automobile manufacturers increased their manufacturing capacity in the nation. According to the Japan Automobile Dealers Association (JADA), Toyota was the largest automobile manufacturer in Japan in 2022, selling around 1.25 million vehicles domestically, followed by Suzuki, which sold slightly more than 600,000 vehicles domestically in the same year.
- Hence, the market for epoxy coatings in the Asia-Pacific region is projected to grow significantly during the study period.
Get Analysis on Important Geographic Markets
Download PDF
Epoxy Coatings Industry Overview
The epoxy coatings market is partially consolidated in nature. The major companies include (not in any particular order) PPG Industries, Inc., AkzoNobel NV, Axalta Coating Systems, LLC, The Sherwin-Williams Company, RPM International Inc, among others.
Epoxy Coatings Market Leaders
-
AkzoNobel NV
-
Axalta Coating Systems LLC
-
The Sherwin-Williams Company
-
PPG Industries, Inc.
-
RPM International Inc.
- *Disclaimer: Major Players sorted in no particular order
Need More Details on Market Players and Competiters?
Download PDF
Epoxy Coatings Market News
- April 2023: Dur-A-Flex Inc. introduced Vent-E, a revolutionary formulation specially designed to provide additional protection to concrete floors that surpass the moisture and salt content thresholds of traditional epoxy coatings. This coating solution is well-suited for various applications, including commercial buildings, storage areas, warehouse floors, assembly and production areas, and more.
- March 2023: Wanhua Chemical Group Co. Ltd. delivered technical talks on four of its innovative coating solutions at the 2023 European Coatings Show (ECS) in Nuremberg, Germany. These concepts include actively promoting the conversion of traditional oil-based coatings to water-based formulations and producing bio-based solutions, all while helping clients enhance production efficiency and cost-effectiveness.
Epoxy Coatings Industry Segmentation
Epoxy coating is a durable, protective substance used to prevent carbon steel tanks and other relatable materials from degrading on the outside. Epoxy coatings offer superior resistance to abrasion, turbulence, harsh chemicals, and severe temperatures.
The epoxy coatings market is segmented by technology type, end-user industry, and geography. By technology type, the market is segmented into water-based, solvent-based, and powder-based. By end-user industry, the market is segmented into building and construction, automotive, transportation, industrial, and other end-use industries. The report also covers the market size and forecasts for the epoxy coatings market in 15 countries across major regions.
For each segment, the market sizing and forecasts have been done based on revenue (USD).
| Technology | Water-based | ||
| Solvent-based | |||
| Powder-based | |||
| End-user Industry | Building and Construction | ||
| Automotive | |||
| Transportation | |||
| Industrial | |||
| Other End-user Industries | |||
| Geography | Asia-Pacific | China | |
| India | |||
| Japan | |||
| South Korea | |||
| Rest of Asia-Pacific | |||
| North America | United States | ||
| Canada | |||
| Mexico | |||
| Europe | Germany | ||
| United Kingdom | |||
| Italy | |||
| France | |||
| Rest of Europe | |||
| South America | Brazil | ||
| Argentina | |||
| Rest of South America | |||
| Middle-East and Africa | Saudi Arabia | ||
| South Africa | |||
| Rest of Middle-East and Africa | |||
Need A Different Region or Segment?
Customize Now
Epoxy Coatings Market Research FAQs
How big is the Epoxy Coatings Market?
The Epoxy Coatings Market size is expected to reach USD 33.37 billion in 2025 and grow at a CAGR of 4.25% to reach USD 41.09 billion by 2030.
What is the current Epoxy Coatings Market size?
In 2025, the Epoxy Coatings Market size is expected to reach USD 33.37 billion.
Who are the key players in Epoxy Coatings Market?
AkzoNobel NV, Axalta Coating Systems LLC, The Sherwin-Williams Company, PPG Industries, Inc. and RPM International Inc. are the major companies operating in the Epoxy Coatings Market.
Which is the fastest growing region in Epoxy Coatings Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Epoxy Coatings Market?
In 2025, the Asia Pacific accounts for the largest market share in Epoxy Coatings Market.
What years does this Epoxy Coatings Market cover, and what was the market size in 2024?
In 2024, the Epoxy Coatings Market size was estimated at USD 31.95 billion. The report covers the Epoxy Coatings Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Epoxy Coatings Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Our Best Selling Reports
Epoxy Coatings Industry Report
Statistics for the 2025 Epoxy Coatings market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Epoxy Coatings analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
