Primer Market is predicted to reach USD 20.76 billion at a CAGR of 5.80% during the forecast period

Market Research Future (MRFR) has published a cooked research report on the “Global Primer Market” that contains information from 2023 to 2032. The Global Primer Market is estimated to register a CAGR of 5.80% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the Global Primer Market— Tikkurila OYJ, PPG Industries Inc., RPM International Inc., Berger Paints India Limited, Hempel A/S, Asian Paints, Nippon Paint Holdings Co. Ltd, AXALTA, Valspar, Kansai Paint Co. Ltd., and Akzo Nobel NV.

Market Highlights

The Primer Market is accounted to register a CAGR of 5.80% during the forecast period and is estimated to reach USD 20.76 Billion by 2032.

The global primer market refers to the industry that deals with the production, distribution, and sale of primers used in various applications, such as in the field of construction, automotive, manufacturing, and consumer goods. Primers are specialized coatings or preparatory materials applied to surfaces before the application of paint, adhesive, or other finishing products.

The global primer market is influenced by factors such as the construction and automotive industry trends, economic conditions, technological advancements, environmental regulations, and consumer preferences. It is a part of the broader paints and coatings industry, which is driven by a combination of industrial and consumer demand.

Segment Analysis

The Global Primer Market has been segmented based on material and application.

On the basis of material, the market is segmented into dispersants, epoxy resins and biocides. The epoxy resins segment dominated the market. Due to their excellent adhesion, corrosion, and chemical resistance, these primers are widely used in automotive and marine applications.

Based on application, the market has been segmented into concrete, wood, metal, and plastic. The metal category generated the most income. Primers are designed to forge a solid bond between the metal surface and the ensuing coats of paint or coating.

Regional Analysis

The Global Primer Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Primer Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Primer Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Global Primer Market comprises of Middle East, Africa, and Latin America.

North America had a significant market share in the primer industry, driven by the strong construction and automotive sectors in countries like the United States and Canada. The region also had a mature consumer goods market, which contributed to the demand for primers used in various DIY projects.

Europe was another prominent market for primers. The region's well-established construction and automotive industries, coupled with strict environmental regulations that promote the use of eco-friendly coatings, drove the demand for high-quality primers.

The Asia-Pacific region represented one of the fastest-growing markets for primers. Countries like China, India, Japan, South Korea, and Southeast Asian nations experienced rapid urbanization and infrastructure development, leading to increased demand for construction-related primers. The growing automotive manufacturing industry in the region also contributed to the market's expansion.

Furthermore, the rest of the world's Global Primer Market is divided into the Middle East, Africa, and Latin America. Latin America had a growing primer market, driven by construction activities in countries like Brazil, Mexico, and Argentina. The region's automotive industry growth also added to the demand for primers.

Key Findings of the Study

·         The Global Primer Market is expected to reach USD 20.76 Billion by 2032, at a CAGR of 5.80% during the forecast period.

·         North America had a significant market share in the primer industry, driven by the strong construction and automotive sectors in countries like the United States and Canada. The region also had a mature consumer goods market, which contributed to the demand for primers used in various DIY projects.

·         Based on application, the market has been segmented into concrete, wood, metal and plastic holding the largest market in 2022.

·         Tikkurila OYJ, PPG Industries Inc., RPM International Inc., Berger Paints India Limited, Hempel A/S, Asian Paints, Nippon Paint Holdings Co. Ltd, AXALTA, Valspar, Kansai Paint Co. Ltd., and Akzo Nobel NV.

Access Full Report Details - Primer Market Size