Market Size of Fusion Bonded Epoxy Coatings Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 7.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Fusion Bonded Epoxy Coatings Market Analysis
The market for fusion bonded epoxy coatings is expected to grow at a CAGR of less than 7% during the forecast period. Major factors driving the market studied is increasing demand from the oil and gas industry, growing infrastructure and industrialization in the Asia-Pacific region.
- On the flip side, the presence of alternative coating types is likely to hinder the market.
- Asia-Pacific dominated the market across the globe with the largest consumption in a country such as India, China, etc.
Fusion Bonded Epoxy Coatings Industry Segmentation
The fusion-bonded epoxy coatings market report includes:
Surface | |
Internal Surface Coatings | |
External Surface Coatings |
End-user Industry | |
Oil and Gas | |
Marine | |
Water and Wastewater Treatment | |
Chemical Processing | |
Infrastructure | |
Other End-user Industries |
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Fusion Bonded Epoxy Coatings Market Size Summary
The fusion bonded epoxy coatings market is poised for growth, driven primarily by increasing demand from the oil and gas sector and expanding infrastructure and industrialization in the Asia-Pacific region. These coatings are particularly valued in the oil and gas industry for their excellent chemical resistance and dimensional stability, making them ideal for use in harsh environments. The Asia-Pacific region, with countries like India and China, leads in consumption, supported by robust economic development and infrastructure projects. However, the market faces challenges from the availability of alternative coating types, which could potentially hinder its growth trajectory.
The market landscape is characterized by a consolidated group of major players, including 3M, Axalta Coating Systems, LLC, Arkema Group, Jotun, and The Sherwin-Williams Company. The demand for fusion bonded epoxy coatings is expected to rise as the oil and petrochemical sectors continue to expand, particularly in developing countries where energy demand is increasing. Infrastructure development in China, along with the growing need for natural gas and oil in various sectors, further supports the market's expansion. Despite potential competition from alternative fuels, the market is anticipated to experience steady growth over the forecast period.
Fusion Bonded Epoxy Coatings Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Demand from the Oil and Gas Industry
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1.1.2 Growing Infrastructure and Industrialization in the Asia-Pacific Region
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1.1.3 Other Drivers
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1.2 Restraints
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1.2.1 Presence of Alternative Coating Types
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1.2.2 Other Restraints
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1.3 Industry Value-Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Surface
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2.1.1 Internal Surface Coatings
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2.1.2 External Surface Coatings
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2.2 End-user Industry
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2.2.1 Oil and Gas
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2.2.2 Marine
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2.2.3 Water and Wastewater Treatment
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2.2.4 Chemical Processing
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2.2.5 Infrastructure
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2.2.6 Other End-user Industries
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 Italy
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2.3.3.4 France
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2.3.3.5 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle East & Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle East & Africa
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Fusion Bonded Epoxy Coatings Market Size FAQs
What is the current Fusion Bonded Epoxy Coatings Market size?
The Fusion Bonded Epoxy Coatings Market is projected to register a CAGR of less than 7% during the forecast period (2024-2029)
Who are the key players in Fusion Bonded Epoxy Coatings Market?
3M, Axalta Coating Systems, LLC, Arkema Group, Jotun and The Sherwin-Williams Company, are the major companies operating in the Fusion Bonded Epoxy Coatings Market.