Zinc Rich Primer Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts - 2022 to 2030

This report titled Zinc Rich Primer Market - Growth, Future Prospects, and Competitive Analysis, 2022 - 2030 offers strategic insights into the trends in zinc rich primer market along with the market size and forecast for the duration 2022 to 2030. The said research study incorporates in-depth analysis of multiple market segments based type, application and geographical distribution.

The global zinc rich primer market is expected to witness high growth with growing inclination towards reduction in corrosion cost and to improve the lifecycle of the equipment. Growing array of application in various industries including manufacturing, construction, oil & gas and water supply to protect equipment, pipelines from the impact of corrosion is projected to drive the global zinc rich primer market.

Key players in the zinc rich primer market accounting for the major share of the global zinc rich primer market. Further, increasing research and development in new product development along with changing the nature of operations of the zinc rich primer industry. Further, rapid urbanization and industrialization in Asia Pacific is further anticipated to fuel the demand for zinc rich primer over the forecast period. Rapid growth of this market has also resulted in creating further skilled job opportunities in major hubs spread across North America, Europe, Latin America, Middle East & Africa, and Asia Pacific.

Based on type, the global zinc rich primer market is segmented as epoxy zinc rich coatings, chlorinated rubber zinc rich coating, vinyl resin zinc rich coating, polyurethane zinc rich coating, and others (Alkyd). By application, the global zinc rich primer market is segmented into steel tanks, offshore platforms, bridges, refineries, petrochemical and power plants, railcar coating and others. In addition, zinc rich primer manufacturing companies, distributors and academic organizations form the major client types for zinc rich primer market. Market size (US$ Bn) and forecast for all the considered segmentation is presented in this report for the period 2020-2030 along with their respective CAGRs (%) for the forecast period 2022-2030.

Along with the quantitative information sets, this report also provides qualitative information such as market dynamics and executive summary for the global zinc rich primer market. Tools such as competition assessment and attractive investment proposition are also included in the report to provide the readers with competitive mapping assistance. This study concludes with company profiles section. This section includes major information about the key companies engaged in development, and provision of zinc rich primer.

On the basis of type, the global zinc rich primer market can be segmented into epoxy zinc rich coatings, chlorinated rubber zinc rich coating, vinyl resin zinc rich coating, polyurethane zinc rich coating and others. In 2020, epoxy zinc rich coatings segment accounted for the largest revenue share in the global zinc rich primer market. Epoxy zinc rich primer coating is widely used for coating of tanks, pipelines, offshore platforms, structural steel, bridges, etc. in various industrial facilities. It also complies regulatory requirement especially in the pipelines installed near populated areas. Thus, the segment is projected to witness high growth over the forecast period (2022-2030).

On the basis of application, the global zinc rich primer market can be segmented into steel tanks, offshore platforms, bridges, refineries, petrochemical and power plants, railcar coating and others (pulp & paper mills). In 2020, steel tanks segment accounted for the largest revenue share among all application segments. Increasing use of steel tanks for the storage of various corrosive chemicals, crude oil, refined products and others is projected to spur the demand for zinc rich primer. Offshore platform application segment is projected to be the fastest growing segment among all applications. Increasing offshore drilling activities along with growing exploration shale reserves is anticipated to spur the growth of the segment over the forecast period (2022-2030).

On the basis of geography, global zinc rich primer market can be segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In 2020, Asia Pacific is estimated to hold largest share in global zinc rich primer market and projected to maintain its dominance over the forecast period. Growth in the region is attributed to rising oil & gas, and petrochemical industries in the region. China is the largest regional market for zinc rich primer, supported by the dominant refineries, petrochemical and power plants industry. India’s spurring industrial activity is projected to advance at a healthy rate, thus increasing the demand for zinc rich primer in the country. In addition, growing import and export activities by the emerging economies owing to shift in manufacturing facilities to low cost economies such as India and China are expected to drive the demand for zinc rich primer over the forecast period. China has been dominating the building and construction industry over past few years. Yet, with increasing labor cost, land and regulatory costs the industry is projected to undergo a shift to beyond South East Asia.

Historical & Forecast Period

This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Zinc Rich Primer market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Zinc Rich Primer market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Market Segmentation

Product

• Epoxy Zinc Rich Coatings
• Chlorinated Rubber Zinc Rich Coating
• Vinyl Resin Zinc Rich Coating
• Polyurethane Zinc Rich Coating
• Others (Polyester)

Application

• Steel Tanks
• Offshore Platforms
• Bridges
• Refineries
• Petrochemical And Power Plants
• Railcar Coating
• Others (Pulp And Paper Mills

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Zinc Rich Primer market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2030.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Zinc Rich Primer market?
• Which is the largest regional market for Zinc Rich Primer market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Zinc Rich Primer market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Zinc Rich Primer market worldwide?

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