Global Primer Market- Industry Analysis and Forecast (2020-2027

  • The Global Primer market was valued US$ XX.19 Bn in 2019 and is expected to reach US$ 24.4 Bn by 2027, at a CAGR of X.9 % during a forecast period.



     


    Market Definition:


    The word ‘primer’ means ‘first’ and in this case, it is the first coat to be applied directly on the bare substrate, timber, and steel before painting to level the surface and give a smooth finish. The final paint is dependent on the primer and increases the adhesion and prevents moisture penetration from reaching the surface of the material.


    The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and disrupters in the report, and the same is reflected in our analysis.


    Market Drivers and Restraints:


    The global primer market is expected to show unstoppable growth in the coming years. To stop stains, special primers are particularly applied to stain timber such as cedar or redwood to prevent stains and tannins from bleeding through into the topcoats and is expected to push the market growth in the coming years. On the other hand, properties like attractive appearance, protection against various environmental factors, corrosion protection, and chemical resistance with the product a premium look are some important factors recorded as a growing factor for the global primer market. Surging growth in the global primer market is propelled due to swift in industrialization boosting the building and construction sector to show constant growth. Furthermore, the targeted market is driven by better life expectancies leading to the high consumption and high demand as a preparatory coat on walls and other substrates, before applying the paint is fuelling the overall growth.
    However, fluctuation price in the raw material and drastic disbalance in terms of cost for both petroleum and the non-petroleum based raw material is analysed to create a huge price burden on the vendors hindering the market growth in the coming years.


    Primer Market Segment analysis:


    In the end-user segment, the building and construction sector is expected to dominate the primer market and is expected to grow in the future at a CAGR of 7.5%. Epoxy primers are best-rewarded primer by the construction and building sector for flooring applications on concrete and stonework surfaces. Advancement and growing population amongst the emerging economies are responsible for the growth in building and construction industries boosting the primer market. As from the developing economies population of APAC is the largest, result of growth in building & construction applications for primers. The growth in this region is due to increased government investment in infrastructure building in developing countries such as China, India, Malaysia, and others. In this region's infrastructural developments result in a tremendous demand for coatings, boosting the primary market. Multiple Vendors are investing in the primer market since it is highly adopted by manufacturers to increase product shelf life and durability.


    Primer Market Regional Analysis:


    Regionally, Asia Pacific is expected to grow at CAGR of 36.7 % dominating the primer market during the forecast period. In APAC, China and India are expected to witness robust growth in demand for primer and considered major contributors to the Primer market growth in the region. China is likely to witness substantial growth and demand for primer owing to increasing communal expenditure in increasing automotive production, transportation infrastructure, increasing furniture production & exports, and growth in other industries. Technological advancement in the automotive sector with huge popularity and high acceptance of the automobile by the population is expected to heighten the market demand in the region.


    Industrial Updates:


    • In February 2019, PPG Industries introduced PPG SIGMAFAST 278 epoxy primer to the U.S. market.
    • In May 2019, Hempel launched a new epoxy primer for heavy-duty equipment and trucks - Hempaprime Shield 700 HS.


    The objective of the report is to present a comprehensive analysis of the Global Primer Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
    The report also helps in understanding Global Primer Market dynamics, structure by analysing the market segments and project the Global Primer Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Primer Market make the report investor’s guide.
    Scope of Primer Market


    Global Primer market, By Material


    • Dispersants
    • Epoxy Resins
    • Biocides
    • Others
    Global Primer market, By Application


    • Concrete
    • Wood
    • Metal
    • Plastic
    • others
    Global Primer market, By End-User


    • Building & Construction
    • Automotive
    • Marine
    • Others
    Global Primer Market, By Region


    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa
    Key Players Operating the Primer Market,


    • Nippon Paint Holdings Company Limited
    • Axalta Coating Systems
    • Jotun Group
    • Asian Paints Ltd
    • BASF SE, PPG Industries
    • Akzo Nobel N.V
    • Sherwin-Williams
    • Kansai Paints Company Limited
    • 3M Company
    • PPG Industries
    • AXALTA
    • Valspar
    • Berger Paints India Limited
    • Hempel A/S
    • RPM International
    • Masco Corporation
    • Tikkurila OYJ


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