The zinc-rich primer market has grown strongly in recent years. It is expected to grow from $1.3 billion in 2023 to $1.38 billion in 2024, with a CAGR of 6.2%. The growth is attributed to the expansion of industrialization, advancements in coating technologies, rising infrastructure needs, stricter environmental regulations, and the growth of automotive and marine industries.
The zinc-rich primer market is expected to experience strong growth, reaching $1.77 billion by 2028 at a CAGR of 6.3%. Growth is attributed to increased infrastructure development, rising industrial activities, anti-corrosion regulations, growth in the marine and oil & gas sectors, and coating technology advancements. Trends include eco-friendly formulations and advances in technology.
Major Driver In The Zinc Rich Primer Market
The rise in the building and construction sector is anticipated to spur the growth of the zinc-rich primer market. This increase is aligned with urbanization, housing demand, and government policies. Zinc-rich primers offer superior corrosion protection, prolonging the lifespan of structures. The US Census Bureau reported that the value of construction operations rose from $2.01 trillion in May 2023 to $2.14 trillion in May 2024. Therefore, the growth in the building and construction sector is driving the zinc-rich primer market.
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Zinc Rich Primer Market Competitive Landscape
The Sherwin-Williams Company, PPG Industries Inc., Akzo Nobel N.V., Sika AG, Axalta Coating Systems, Kansai Paint America Inc., Hempel A/S, MBCC Group, Berger Paints Nigeria Plc, Tnemec Company Inc., Nippon Paint Holdings Co Ltd., Dulux Protective Coatings, Altex Coatings Ltd., Promain, Cromax, Hypo Group, Archify, Metoree, Noelson Chemicals, ProXL, Rust Bullet Australia, Tikkurila Oyj, Toa-chugoku Paints Co Ltd., US Coatings, Zigma Paints Pvt Ltd
Key Zinc Rich Primer Market Trend
Companies in the zinc-rich primer market are developing advanced eco-friendly solutions, such as VOC-free powders, to improve environmental sustainability and comply with regulations. VOC-free powders are coatings that eliminate volatile organic compounds, ensuring a safer application process while maintaining high durability and performance. For example, in August 2024, PPG Industries Inc., a U.S.-based manufacturer of paints and coatings, introduced PPG Primer, an optimal powder primer with enhanced zinc content. This primer has a lower specific gravity of 2.0 compared to traditional zinc-rich primers, making it lighter and easier to apply. Its 85% transfer efficiency reduces material usage and costs. This primer is solvent-free, minimizing VOC emissions, and offers improved adhesion and corrosion resistance, particularly in coastal environments.
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Global Zinc Rich Primer Market Segmentation
The zinc rich primer market covered in this report is segmented –
1) By Type: Epoxy Zinc Rich Coatings, Chlorinated Rubber Zinc Rich Coating, Vinyl Resin Zinc Rich Coating, Polyurethane Zinc Rich Coating
2) By Application: Steel Tanks, Offshore Platforms, Bridges, Refineries, Petrochemical And Power Plants, Railcar Coating, Other Applications
3) By End User: Automotive, Marine, Oil And Gas, Construction, Infrastructure
By Geography:The regions covered in the zinc rich primer market report areAustralia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the zinc rich primer market in 2023 and is expected to be the fastest-growing region in the forecast period.
The Zinc Rich Primer Global Market Report 2024 furnishes information about the global zinc rich primer market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
