Epoxy resins are being used since ages for the purposes of coating and sealing surfaces. The earlier versions of epoxy resin were costly and were suitable only to limited substrates, thus had a relatively smaller potential market.
The usage of epoxy sealer in the industrial, as well as commercial & infrastructural spaces, is bound to increase owing to industrial efficiency demands. Ongoing improvements of the fast curing epoxy sealers with higher chemical and mechanical resistance are expected to further push the market growth in high demanding application areas. Further, consistent growth in the construction industry throughout Europe has been offering better options for epoxy than other industries.
The development of technologically advanced epoxy sealers coupled with the added benefit of lower volatile organic content (VOC) levels has boosted the market growth for epoxy sealers in Europe. The epoxy sealer market in Europe has been through a relatively tougher phase in the past two years with slowing demand from the automotive industry and sluggish growth in furniture segments.
There are few growing areas in the Eurasia/commonwealth economies, although the growth has been limited with a smaller base. Initiatives are taken by the European Bank, such as spurring growth via quantitative easing and lower benchmark rates, are expected to bring results from 2021, owing to the lagging nature of the real-time impact of these monetary measures.
The European epoxy sealer market has been analyzed by utilizing the optimum combination of secondary sources and in-house methodology, along with an irreplaceable blend of primary insights. 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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