Epoxy Sealer Market 2021: Industry Demand and Forecast to 2030 By Company Overview, Share, Agreements, New Product Launches and Growth Analysis

In a recent published report, Kenneth Research has updated the market report for Epoxy Sealer Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Epoxy Sealer Market products.

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Moreover, amongst all the continents that used pesticides, Asia registered as the largest user of pesticides by attaining a share of 52.4% in the year 2018. It was followed by the Americas, Europe, Africa and Oceania with 32.3%, 11.6%, 2% and 1.7% respectively. The statistics also stated that China was the largest user of pesticides amongst all the nations worldwide, utilizing 1,763,000 tonnes of pesticides for agricultural use.

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.

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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

Download Sample of This Strategic Report-https://www.kennethresearch.com/sample-request-10085382

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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