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Epoxy Sealer Market – Global Driver, Restraints, Trends, and Forecast to 2023
Published Date: April 2019
|
Report Code: INFO-Othe-048
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Epoxy Sealer Market Forecast to 2023

Epoxy Sealer Market – Global Driver, Restraints, Trends, and Forecast to 2023

Code: INFO-Othe-048
Report
April 2019
126 Pages
Infoholic Research
Region: Asia Pacific, Europe, Global, North America,
Description
Table of Content
Tables & Figures

Epoxy Sealer Market – Global Drivers, Restraints, Opportunities, Trends & Forecast up to 2023
Epoxy is one of the widely used chemicals across multiple industries. The utilization of epoxy varies from binder, filler, and sealer among others. While epoxy-based products are widely used in generic paints & coatings, the usage with wood is more direct where it enforces the wooden block by filling the pours and provide even surface for coating. In transportation, epoxy is utilized as the base coat to provide even surface for better adhesion and dispersion of coating above it.
Currently, Asia Pacific is the largest market for epoxy sealer with large construction sector and fast-growing transportation industry. The economies such as China and India are fueling the demand via consistently increasing the penetration of epoxy products to replace low-end substitutes. The developed regions of Western Europe and North America are expecting a relatively lower growth due to the existing high penetration and increasing substitute pressure although at a higher cost. The increasing industrialization and growing infrastructure in developing countries along with the maintenance demand from developed regions are expected to drive the consumption for the epoxy sealer market.
The study of the global epoxy sealer market provides the market size information and market trends along with the factors and parameters impacting it in both short- and long-term. The study also covers the competitive scenario of the market, major players with their branding strategies, and differentiating factors among others. The study ensures a 360° view, bringing out the complete key insights of the competitive industry. These insights are intended to help the business decision makers to make better business plans and informed decisions for the future growth. In addition, the study helps venture capitalists in understanding the companies better and take informed decisions.
According to Infoholic Research, the global epoxy sealer market is expected to grow at a CAGR of 6.0% during the forecast period 2017–2023 to reach a value of $15.48 billion by 2023. Relying on the consumption of the concrete surface, the construction segment is expected to maintain global dominance while high demand is expected to come from wooden applications. Asia Pacific is expected to increase its share in the global epoxy sealer market with high demand coming from developing countries of China, India, Indonesia, and the Philippines among others.
The supply market for epoxy sealer is expected to remain competitive. The international players are looking for ways to be closer to the developing markets and are investing in the regions or focusing on cementing ties with the regional stakeholders. Few of the prominent players in the global epoxy sealer market are Evonik, Axalta Coating System Inc., Arkema, and Sherwin-Williams.
Report Scope:
• Substrate Types
o Concrete
o Metal
o Wood
• End-users
o Industrial Construction
o Non-industrial Construction
o Transportation
o Furniture & Sports Equipment
o Others (such as Medical Equipment)
• Regions
o Asia Pacific
o Europe
o North America
o Rest of the World
• Industry outlook: market trends and drivers, restraints, and opportunities

Table of Contents


1 Executive Summary 12
1.1 Asia Pacific Sustains Dominance in Epoxy Sealer Market 12
1.2 Improving and Increasing Urban Population Accommodation Creates a Surge via the Residential Industry 13
2 Market Positioning 14
2.1 Industry Snapshot 14
2.1.1 Market Overview 14
2.1.2 Key Trends 14
2.2 Related Markets 15
3 Market Outlook 16
3.1 Overview 16
3.2 Value Chain Analysis 17
3.3 PESTLE 18
3.4 Porter 5 (Five) Forces 19
3.5 Patent Analysis 19
4 Market Characteristics 21
4.1 Market Segmentation 21
4.2 Market Dynamics 22
4.2.1 Drivers 23
4.2.1.1 Increasing purchasing power boosting affordability 23
4.2.1.2 Technological advancements are creating new opportunities 23
4.2.2 Restraints 23
4.2.2.1 Lack of awareness about benefit of the sealers 23
4.2.2.2 High initial cost limits the market potential 23
4.2.3 Opportunities 23
4.2.3.1 Regulatory changes are driving the industry growth 23
4.2.3.2 Large potential markets in the global construction, automotive and wood sectors 24
4.2.4 DRO – Impact Analysis 24
5 Substrate: Market Size & Analysis 25
5.1 Overview 25
5.2 Concrete 26
5.3 Metal 27
5.4 Wood 29
6 End-user: Market Size & Analysis 31
6.1 Overview 31
6.2 Industrial Construction 33
6.3 Non-industrial Construction 34
6.4 Transportation 36
6.5 Furniture & Sports Equipment 37
7 Regions: Market Size and Analysis 39
7.1 Overview 39
7.2 Asia Pacific 40
7.2.1 Asia Pacific Market, By Countries 40
7.2.2 Asia Pacific Market, By Substrate 42
7.2.3 Asia Pacific Market, By End-user 43
7.3 Europe 45
7.3.1 Europe Market, By Countries 45
7.3.2 Europe Market, By Substrate 46
7.3.3 Europe Market, By End-user 48
7.4 North America 49
7.4.1 North America Market, By Country 49
7.4.2 North America Market, By Substrate 51
7.4.3 North America Market, By End-user 52
7.5 Rest of the World 54
7.5.1 Rest of the World, By Region 54
7.5.2 Rest OF the World Market, By Substrate 55
7.5.3 Rest of the World Market, By End-user 56
8 Companies to Watch for 59
8.1 AXALTA expansion of its Epoxy coating product line 59
9 Competitive Landscape 60
9.1 Competitor Comparison Analysis 60
9.2 Market Landscape 61
9.2.1 Mergers, Acquisitions & Joint Ventures 61
9.2.2 Expansion 62
9.2.3 Exhibition & Product Launch 62
9.2.4 Agreement & Partnership 63
9.2.5 Awards & Recognition 64
10 Company Profiles 65
10.1 Vendor Profiles 65
10.1.1 Evonik Industries AG 65
10.1.2 Axalta Coating Systems Ltd. 71
10.1.3 Sika AG 75
10.1.4 Arkema 80
10.1.5 Sherwin-William Inc. 86
(Overview, business units, geographic revenues, product profile, recent developments, business focus, SWOT analysis, and business strategies have been covered for all the vendors)
10.2 Customer Profile 92
10.2.1 ACS Group 92
10.2.2 VINCI Corporation 96
10.2.3 CEMEX 100
10.2.4 PCL Construction 104
10.2.5 Skanska 106
(Overview, business units, geographic revenues, business focus, SWOT analysis, and business strategies have been covered for all the customers)
11 Expert’s Views 115
12 Annexure 116
12.1 Report Scope 116
12.2 Market Definition 116
12.3 Research Methodology 116
12.3.1 Data Collation & In-house Estimation 117
12.3.2 Market Triangulation 117
12.3.3 Forecasting 118
12.4 Study Declaration 119
12.5 Report Assumptions 119
12.6 Stakeholders 119
Annexure 121
 Acronyms 121

List of Tables

TABLE 1 GLOBAL EPOXY SEALER MARKET VALUE, BY SUBSTRATE, 2016−2023 ($MILLION) 25
TABLE 2 GLOBAL EPOXY SEALER MARKET VOLUME BY RESIN TYPES, 2016−2023 (KILOTONS) 26
TABLE 3 GLOBAL CONCRETE EPOXY SEALER MARKET VALUE, BY GEOGRAPHY, 2016−2023 ($MILLION) 26
TABLE 4 GLOBAL CONCRETE EPOXY SEALER MARKET VOLUME, BY GEOGRAPHY, 2016−2023 (KILOTONS) 27
TABLE 5 GLOBAL METAL EPOXY SEALER MARKET VALUE, BY GEOGRAPHY, 2016−2023 ($MILLION) 28
TABLE 6 GLOBAL METAL EPOXY SEALER MARKET VOLUME, BY GEOGRAPHY, 2016−2023 (KILOTONS) 28
TABLE 7 GLOBAL WOOD EPOXY SEALER MARKET VALUE, BY GEOGRAPHY, 2016−2023 ($MILLION) 29
TABLE 8 GLOBAL WOOD EPOXY SEALER MARKET VOLUME, BY GEOGRAPHY, 2016−2023 (KILOTONS) 30
TABLE 9 GLOBAL EPOXY SEALER MARKET VALUE, BY APPLICATIONS, 2016-2023($MILLION) 31
TABLE 10 GLOBAL EPOXY SEALER MARKET VOLUME, BY APPLICATIONS, 2016-2023 (KILOTONS) 32
TABLE 11 GLOBAL EPOXY SEALER MARKET VALUE IN INDUSTRIAL CONSTRUCTION, BY GEOGRAPHY, 2016-2023 ($MILLION) 33
TABLE 12 GLOBAL EPOXY SEALER MARKET VALUE IN INDUSTRIAL CONSTRUCTION, BY GEOGRAPHY, 2016-2023 (KILOTONS) 34
TABLE 13 GLOBAL EPOXY SEALER MARKET VALUE IN NON-INDUSTRIAL CONSTRUCTION, BY GEOGRAPHY, 2016-2023 ($MILLION) 35
TABLE 14 GLOBAL EPOXY SEALER MARKET VALUE IN NON-INDUSTRIAL CONSTRUCTION, BY GEOGRAPHY, 2016-2023 (KILOTONS) 35
TABLE 15 GLOBAL EPOXY SEALER MARKET VALUE IN TRANSPORTATION, BY GEOGRAPHY, 2016-2023 ($MILLION) 36
TABLE 16 GLOBAL EPOXY SEALER MARKET VALUE IN TRANSPORTATION, BY GEOGRAPHY, 2016-2023 (KILOTONS) 37
TABLE 17 GLOBAL EPOXY SEALER MARKET VALUE IN FURNITURE & SPORTS EQUIPMENT, BY GEOGRAPHY, 2016-2023 ($MILLION) 37
TABLE 18 GLOBAL EPOXY SEALER MARKET VALUE IN IN FURNITURE & SPORTS EQUIPMENT, BY GEOGRAPHY, 2016-2023 (KILOTONS) 38
TABLE 19 GLOBAL EPOXY SEALER MARKET VALUE, BY GEOGRAPHY, 2016−2023 ($MILLION) 39
TABLE 20 GLOBAL EPOXY SEALER MARKET VOLUME, BY GEOGRAPHY, 2016−2023 (KILOTONS) 40
TABLE 21 ASIA PACIFIC EPOXY SEALER MARKET VALUE, BY COUNTRY, 2016−2023 ($MILLION) 41
TABLE 22 ASIA PACIFIC EPOXY SEALER MARKET VOLUME, BY COUNTRY, 2016−2023 (KILOTONS) 41
TABLE 23 ASIA PACIFIC EPOXY SEALER MARKET VALUE, BY SUBSTRATE, 2016−2023 ($MILLION) 42
TABLE 24 ASIA PACIFIC EPOXY SEALER MARKET VOLUME, BY SUBSTRATE, 2016−2023 (KILOTONS) 43
TABLE 25 ASIA PACIFIC EPOXY SEALER MARKET VALUE, BY END-USER, 2016−2023 ($MILLION) 44
TABLE 26 ASIA PACIFIC EPOXY SEALER MARKET VOLUME BY END-USER, 2016−2023 (KILOTONS) 44
TABLE 27 EUROPE EPOXY SEALER MARKET VALUE, BY COUNTRY, 2016−2023 ($MILLION) 45
TABLE 28 EUROPE EPOXY SEALER MARKET VOLUME BY COUNTRY, 2016−2023 (KILOTONS) 46
TABLE 29 EUROPE EPOXY SEALER MARKET VALUE, BY SUBSTRATE, 2016−2023 ($MILLION) 47
TABLE 30 EUROPE EPOXY SEALER MARKET VOLUME, BY SUBSTRATE, 2016−2023 (KILOTONS) 47
TABLE 31 EUROPE EPOXY SEALER MARKET VALUE, BY END-USER, 2016−2023 ($MILLION) 48
TABLE 32 EUROPE EPOXY SEALER MARKET VOLUME, BY END-USER, 2016−2023 (KILOTONS) 49
TABLE 33 NORTH AMERICA EPOXY SEALER MARKET VALUE, BY COUNTRY, 2016−2023 ($MILLION) 50
TABLE 34 NORTH AMERICA EPOXY SEALER MARKET VOLUME, BY COUNTRY, 2016−2023 (KILOTONS) 50
TABLE 35 CONCRETE EPOXY SEALER MARKET VALUE, BY SUBSTRATE, 2016−2023 ($MILLION) 51
TABLE 36 NORTH AMERICA EPOXY SEALER MARKET VOLUME, BY SUBSTRATE, 2016−2023 (KILOTONS) 52
TABLE 37 NORTH AMERICA EPOXY SEALER MARKET VALUE, BY END-USER, 2016−2023 ($MILLION) 53
TABLE 38 NORTH AMERICA EPOXY SEALER MARKET VOLUME, BY END-USER, 2016−2023 (KILOTONS) 53
TABLE 39 REST OF THE WORLD EPOXY SEALER MARKET VALUE BY GEOGRAPHY, 2016−2023 ($MILLION) 54
TABLE 40 REST OF THE WORLD EPOXY SEALER MARKET VOLUME BY GEOGRAPHY, 2016−2023 (KILOTONS) 55
TABLE 41 REST OF THE WORLD EPOXY SEALER MARKET VALUE, BY SUBSTRATE, 2016−2023 ($MILLION) 55
TABLE 42 REST OF THE WORLD EPOXY SEALER MARKET VOLUME, BY SUBSTRATE, 2016−2023 (KILOTONS) 56
TABLE 43 REST OF THE WORLD EPOXY SEALER MARKET VALUE, BY END-USER, 2016−2023 ($MILLION) 57
TABLE 44 REST OF THE WORLD EPOXY SEALER MARKET VOLUME, BY END-USER, 2016−2023 (KILOTONS) 57
TABLE 45 MERGERS, ACQUISITIONS & JOINT VENTURES, 2013–2018 61
TABLE 46 EXPANSION, 2013–2017 62
TABLE 47 EXHIBITION & PRODUCT LAUNCH 62
TABLE 48 AGREEMENT & PARTNERSHIP 63
TABLE 49 AWARDS & RECOGNITION 64
TABLE 50 EVONIK: PRODUCT PROFILE 67
TABLE 51 EVONIK: RECENT DEVELOPMENTS 68
TABLE 52 AXALTA COATING SYSTEMS: BUSINESS SEGMENTS 72
TABLE 53 AXALTA COATING SYSTEMS: RECENT DEVELOPMENTS 73
TABLE 54 SIKA AG: BUSINESS SEGMENTS 77
TABLE 55 SIKA AG.: RECENT DEVELOPMENTS 78
TABLE 56 ARKEMA: PRODUCT PROFILE 83
TABLE 57 ARKEMA: RECENT DEVELOPMENTS 83
TABLE 58 SHERWIN-WILLIAMS INC.: BUSINESS SEGMENTS 88
TABLE 59 SHERWIN-WILLIAMS INC.: RECENT DEVELOPMENTS 89
TABLE 60 TOYOTA: PRODUCT PROFILE 113

List of Charts

CHART 1 GLOBAL EPOXY SEALER MARKET: REGIONAL ANALYSIS (2017 & 2023) 12
CHART 2 GLOBAL EPOXY SEALER MARKET: APPLICATION ANALYSIS (MARKET DIFFERENCE, 2017 - 2023) 13
CHART 3 TOTAL ADDRESSABLE MARKET (TAM): CONCRETE SEALER MATERIALS 14
CHART 4 VALUE CHAIN: EPOXY SEALER MARKET 17
CHART 5 PESTLE ANALYSIS: EPOXY SEALER 18
CHART 6 PORTERS ANALYSIS: EPOXY SEALER 19
CHART 7 EPOXY SEALER: PATENT ANALYSIS (2013–2018*) 19
CHART 8 EPOXY SEALER: PATENT ANALYSIS (2012–2018*) 20
CHART 9 MARKET SEGMENTATION: EPOXY SEALER 21
CHART 10 MARKET DYNAMICS: DRIVERS, RESTRAINTS AND OPPORTUNITIES 22
CHART 11 DRO - IMPACT ANALYSIS OF EPOXY SEALER MARKET 24
CHART 12 GLOBAL EPOXY SEALER MARKET VALUE, BY SUBSTRATE, 2016–2023 ($MILLION) 25
CHART 13 GLOBAL CONCRETE EPOXY SEALER MARKET VALUE, BY GEOGRAPHY, 2016−2023 ($MILLION) 26
CHART 14 GLOBAL METAL EPOXY SEALER MARKET VALUE, BY GEOGRAPHY, 2016−2023 ($MILLION) 27
CHART 15 GLOBAL WOOD EPOXY SEALER MARKET VALUE, BY GEOGRAPHY, 2016−2023 ($MILLION) 29
CHART 16 GLOBAL EPOXY SEALER MARKET VALUE, BY APPLICATIONS, 2016-2023 ($ MILLION) 31
CHART 17 GLOBAL EPOXY SEALER MARKET VALUE IN INDUSTRIAL CONSTRUCTION, BY GEOGRAPHY, 2016-2023 ($MILLION) 33
CHART 18 GLOBAL EPOXY SEALER MARKET VALUE IN NON-INDUSTRIAL CONSTRUCTION, BY GEOGRAPHY, 2016-2023 ($MILLION) 34
CHART 19 GLOBAL EPOXY SEALER MARKET VALUE IN TRANSPORTATION, BY GEOGRAPHY, 2016-2023 ($MILLION) 36
CHART 20 GLOBAL EPOXY SEALER MARKET VALUE IN FURNITURE & SPORTS EQUIPMENT, BY GEOGRAPHY, 2016-2023 ($MILLION) 37
CHART 21 GLOBAL EPOXY SEALER MARKET VALUE, BY GEOGRAPHY, 2016−2023 ($MILLION) 39
CHART 22 ASIA PACIFIC EPOXY SEALER MARKET VALUE, BY COUNTRY, 2016−2023 ($MILLION) 40
CHART 23 ASIA PACIFIC EPOXY SEALER MARKET VALUE, BY SUBSTRATE, 2016−2023 ($MILLION) 42
CHART 24 ASIA PACIFIC EPOXY SEALER MARKET VALUE, BY END-USER, 2016−2023 ($MILLION) 43
CHART 25 EUROPE EPOXY SEALER MARKET VALUE, BY COUNTRY, 2016−2023 ($MILLION) 45
CHART 26 EUROPE EPOXY SEALER MARKET VALUE, BY SUBSTRATE, 2016−2023 ($MILLION) 46
CHART 27 EUROPE EPOXY SEALER MARKET VALUE, BY END-USER, 2016−2023 ($MILLION) 48
CHART 28 NORTH AMERICA EPOXY SEALER MARKET VALUE, BY COUNTRY, 2016−2023 ($MILLION) 49
CHART 29 NORTH AMERICA EPOXY SEALER MARKET VALUE, BY SUBSTRATE, 2016−2023 ($MILLION) 51
CHART 30 NORTH AMERICA EPOXY SEALER MARKET VALUE, BY END-USER, 2016−2023 ($MILLION) 52
CHART 31 REST OF THE WORLD EPOXY SEALER MARKET VALUE, BY GEOGRAPHY, 2016−2023 ($MILLION) 54
CHART 32 REST OF THE WORLD EPOXY SEALER MARKET VALUE, BY SUBSTRATE, 2016−2023 ($MILLION) 55
CHART 33 REST OF THE WORLD EPOXY SEALER MARKET VALUE, BY END-USER, 2016−2023 ($MILLION) 56
CHART 34 COMPETITIVE LANDSCAPE: GEOGRAPHIC EXPOSURE 60
CHART 35 MARKET LANDSCAPE: MARKET ACTIVITIES 61
CHART 36 EVONIK: OVERVIEW SNAPSHOT 65
CHART 37 EVONIK: BUSINESS UNITS 66
CHART 38 EVONIK: GEOGRAPHIC REVENUE 66
CHART 39 EVONIK: SWOT ANALYSIS 69
CHART 40 AXALTA COATING SYSTEMS: OVERVIEW SNAPSHOT 71
CHART 41 AXALTA COATING SYSTEMS: BUSINESS UNITS 72
CHART 42 AXALTA COATING SYSTEMS: GEOGRAPHIC REVENUE 72
CHART 43 AXALTA COATING SYSTEMS: SWOT ANALYSIS 74
CHART 44 SIKA AG: OVERVIEW SNAPSHOT 76
CHART 45 SIKA AG.: BUSINESS UNITS 76
CHART 46 SIKA AG: GEOGRAPHIC REVENUE 77
CHART 47 SIKA AG: SWOT ANALYSIS 78
CHART 48 ARKEMA: OVERVIEW SNAPSHOT 80
CHART 49 ARKEMA: BUSINESS UNITS 81
CHART 50 ARKEMA: GEOGRAPHIC REVENUE 81
CHART 51 ARKEMA: SWOT ANALYSIS 84
CHART 52 SHERWIN-WILLIAMS INC.: OVERVIEW SNAPSHOT 86
CHART 53 SHERWIN-WILLIAMS INC.: BUSINESS UNITS 86
CHART 54 SHERWIN-WILLIAMS INC.: GEOGRAPHIC REVENUE 87
CHART 55 SHERWIN-WILLIAMS INC.: SWOT ANALYSIS 89
CHART 56 ACS GROUP: OVERVIEW SNAPSHOT 92
CHART 57 ACS GROUP: BUSINESS UNITS 93
CHART 58 ACS GROUP: GEOGRAPHIC REVENUE 93
CHART 59 ACS GROUP: SWOT ANALYSIS 95
CHART 60 VINCI: OVERVIEW SNAPSHOT 96
CHART 61 VINCI: BUSINESS UNITS 97
CHART 62 VINCI: GEOGRAPHIC REVENUE 97
CHART 63 VINCI: SWOT ANALYSIS 98
CHART 64 CEMEX: OVERVIEW SNAPSHOT 100
CHART 65 CEMEX: BUSINESS UNITS 101
CHART 66 CEMEX: GEOGRAPHIC REVENUE 101
CHART 67 CEMEX: SWOT ANALYSIS 103
CHART 68 PCL CONSTRUCTION: OVERVIEW SNAPSHOT 104
CHART 69 PCL CONSTRUCTION: SWOT ANALYSIS 105
CHART 70 SKANSKA: OVERVIEW SNAPSHOT 106
CHART 71 SKANSKA: BUSINESS UNITS 108
CHART 72 SKANSKA: GEOGRAPHIC REVENUE 109
CHART 73 SKANSKA: SWOT ANALYSIS 110
CHART 74 TOYOTA: OVERVIEW SNAPSHOT 110
CHART 75 TOYOTA: BUSINESS ACTIVITIES 111
CHART 76 TOYOTA: GEOGRAPHIC REVENUE 112
CHART 77 TOYOTA: SWOT ANALYSIS 114
CHART 78 RESEARCH METHODOLOGY OF GLOBAL EPOXY SEALER MARKET: DATA COLLATION 117
CHART 79 RESEARCH METHODOLOGY OF GLOBAL EPOXY SEALER MARKET: MARKET TRIANGULATION 118
CHART 80 RESEARCH METHODOLOGY OF GLOBAL EPOXY SEALER MARKET: FORECASTING METHODOLOGY 118

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