- Feb. 3, 2020
-- With its recently published study "European Epoxy Sealer Market: Drivers, Restraints, Opportunities, Trends, and Forecast up to 2025", Infoholic Research forecasts that the European market for epoxy sealer will witness higher growth during the forecast period with improving economies, consumer awareness, and increased governments initiatives across various economies. The European epoxy sealer market is projected to grow at a CAGR of 4.6% during the forecast period to reach a value of $3.99 billion by 2025.
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. The construction market has been the bright spot for Europe's epoxy sealer market in the past two years, which has been showing consistent growth, especially in Central Europe & Baltic States where Poland and Hungary have been leading the expansion. 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 automotive industry is expected to improve, enabling the bigger contribution from Western Europe with the help of improved construction sector. The metallic substrate would get a significant push from the automotive industry resurgence, although aluminum share would increase at the cost of steel and steel alloys. Concrete would continue to be the largest substrate segment for epoxy sealer, while the emergence of more wood in construction would enable bigger portion contribution for wood surface revenue segment.
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