Market Highlights
A primer is a preparatory coating put on materials before painting. Priming ensures better adhesion of paint to the surface, increases paint durability, and provides additional protection for the material being painted. The key drivers of primer market are the growing demand for high quality interior and exterior view and better shelf life of materials, walls etc. The market is anticipated to be driven by industries such as automotive, construction, industrial & marine coatings with Asia Pacific being the most influencing market.
The market for paints and ancillary products in India is expected to grow at 1.5 times to 2 times GDP in the next five years. With GDP growth expected to be between 6-7% levels, the top players are likely to clock above industry growth rates in the future, considering they have a strong brand and good reach.
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Market Research Analysis
The market is highly application based. Main factors behind the growth of primer market is scope of vast infrastructure and construction sector. Also, the rise in demand of automotive sector due to increasing disposable income fuels the growth of the market.
As per the market analysis, the primer market is expected to grow fastest in the region of APAC. The rapid urbanization and industrialization in the countries of China and India have led to the increased demand of automotive industry. Automotive industry is one of the major end-use industries and thus drives the primer market in these countries. Furthermore, the APAC region is seen as an opportunity by the companies to cater to the growing demand in the construction and infrastructure industries.
Scope of the report
This study provides an overview of the global primer industry, tracking across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the primer market as Ingredients, Companies, Application and Region
- By Ingredients
- Dispersants
- Epoxy resins
- Biocides
- By Companies
- BASF Performance Products
- AkzoNobel N.V
- Asian Paints Limited
- Nippon Paint Company Ltd
- Others
- By Applications
- Construction
- Industrial applications
- Bedding & furniture
- Automotive paints
- By Region
- North America
- Europe
- Asia-Pacific
- RoW
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- BASF Performance Products
- AkzoNobel N.V.
- Asian Paints Limited
- Sherwin-Williams Co.
- PPG Industries Inc.
- Axalta Coating Systems
- The Valspar Corp.
- Kansai Paint Co. Ltd.
- Nippon Paint Company Ltd.
Target Audience
- Manufactures of end-use industry
- Raw material Suppliers
- Aftermarket suppliers
- Research Institute / Education Institute
- Potential Investors
- Key executive (CEO and COO) and strategy growth manager
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