Single-Component Primer Market Size, Share, Growth, and Industry Analysis, By Type (Matte, Semi-glossy, Highlight, and Others), By Application (Automotive Industry, Construction Industry, Ocean and Ships, and Others) and Regional Forecast to 2032

Updated On: 04 November 2024

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SINGLE-COMPONENT PRIMER MARKET REPORT OVERVIEW

The Single-Component Primer Market size was valued at approximately USD 24000 Million in 2023 and is expected to reach USD 36000 billion by 2032, growing at a compound annual growth rate (CAGR) of about 6.5% From 2024 to 2032

There is one form of a coating that is widely used in different production industries such as automotive, aerospace, and construction industries among others and it is known as the single component primer. One-parties are as they come in the container while the two-parties need to be combined before use since they have two different containers. It also knocks off procedural system complexities resulting from mixing ratios and at the same time reduces wastage from an unused mixed primer in the process, making the procedure convenient. These primers normally dry out by heat treatment or by simple exposure to air and based on the formulation and application requirements.

Because single-component primers are handy, efficient, and a success in several industrial programs, the market for them remains growing. Because of their dependability and simplicity of application, those primers are utilized in quite a few industries, inclusive of business protection, marine coatings, and automobile refinishing. Producers are arising with new ideas to fulfill purchasers' growing needs for formulations that are much less volatile natural compounds (VOC)-containing and nonetheless attain high-performance necessities. Single-element primers are becoming crucial for acquiring long-lasting and superior surface education before painting or coating applications as businesses place more emphasis on sustainability and performance.

COVID-19 Impact: Market Growth Decreased by Pandemic due to Supply Chain Disruptions

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The pandemic had a primary bad impact on the unmarried-aspect primer industry, mostly due to supply chain disruptions and a decline in production throughout all industries. The marketplace for brand-new coatings and primers fell precipitously as several companies decreased their operations or temporarily closed. Further impeding the dissemination and accessibility of these products were transportation boundaries and logistical issues. A decline in the call for unmarried-factor primers changed additionally due to unsure market situations and postponed creation initiatives, as groups put crucial expenses first and postponed non-urgent protection and restoration work. Overall, the pandemic affected the unmarried-issue primer marketplace's delivery and demand, which resulted in an important decline in income and marketplace pastime.

LATEST TRENDS

"Advancements in Green Formulas and Enhanced Performance Characteristics Drive the Market Growth"

The two recent trends in the single-component primer market are innovations in greener formulas and the enhancement of performance qualities. Due to the advancement in environmental legislation in many parts of the world, manufacturers are dedicating most of their efforts to developing primers with low VOCs and HAPs. Others that dry quicker and have better cohesion to various surfaces are also increasingly being used as they help reduce manufacturing time and increase application effectiveness. The improvement of corrosion protection and durability is another application of the developments in this interdisciplinary field of single-component primer technology for construction, aerospace, and automotive needs.

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SINGLE-COMPONENT PRIMER MARKET SEGMENTATION

By Type

Based on type the market is classified as Matte, Semi-glossy, Highlight, and Others.

• Matte: Provides a non-reflective surface that is perfect for uses where a smooth, level appearance is required.

• Semi-glossy: Offers a moderate sheen while striking a balance between longevity and visual attractiveness.

• Highlight: Applying a glossy, shiny finish improves visibility and appearance.

By Application

Based on application the market is classified as Automotive Industry, Construction Industry, Ocean and Ships, and Others.

• Automotive industry: These primers are essential for improving vehicle bodywork and component adhesion and corrosion resistance.

• Construction industry: Metal, concrete, and wood surfaces are primed with these primers to guarantee the best possible bond and longevity of the coatings that come next.

• Ship and Ocean: Used to shield ships from abrasive maritime environments, halt corrosion, and increase service life.

DRIVING FACTORS

"Convenience Due To Ready To Use Nature Leads to Market Expansion"

Single-component primers can be easily used since they are ready for application and do not need the addition of a catalyst, or a reducer, before applying. This is convenient in painting the structures since it reduces the number of man-hours that can be used in mixing the ratios. Moreover, it is known that single-component primers are often created to evaporate quickly, thus reducing the time spent on painting and increasing the efficiency of work.

"Environmental Considerations Lead to Market Growth"

One important issue contributing to the recognition of unmarried-aspect primers is environmental concerns. Many formulations are made to conform to environmental norms and regulatory criteria using having a discounted VOC (Volatile Organic Compounds) content than normal solvent-primarily based primers. By reducing VOC emissions, painters may match in a fit atmosphere and have a smaller influence on the surroundings and air. There will in all likelihood be a further growth in the call for ecologically pleasant single-issue primers as sustainability continues to benefit traction in several industries, including coatings.

RESTRAINING FACTORS

"Limited Performance Impedes Market Growth"

This is one of the main issues the single-component primer market growth is facing single-component primers lack the efficiency of two-component primers which the clients prefer due to the less amount of time they take as opposed to single-component ones. Two-part systems set faster and are harder than single-part primers that to set by exposure to air or moisture. This results in extended curing times and the products not exhibiting the required level of sturdiness. This constraint limits them to situations that require short cycle times or high and exceptional wear and tear, for instance, industrial and marine environments.

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SINGLE-COMPONENT PRIMER MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"North America Dominating the Market due to the Presence of Key Players"

North America is a dominant geographical location in terms of single-component primer market share. The region's strong automobile and business sectors, strict environmental laws favoring low-VOC formulations (which many single-issue primers comply with), and the strong R&D capacities of important regional gamers which includes PPG Industries and Axalta Coating Systems are some of the factors contributing to this dominance. High-overall performance coatings for automobile, aerospace, and commercial programs are valued using a sizable consumer base in North America, which additionally blessings from set-up supply chains and mature infrastructure. These elements work together to provide North America with a giant global market proportion for single-element primers.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

The single-factor primer market features numerous key players famous for their modern formulations and big marketplace presence. These groups leverage advanced technologies to produce high-overall performance primers that cater to numerous industrial and industrial applications. Known for his or her commitment to niceness, reliability, and patron pride, those gamers continually put money into research and improvement to decorate product performance and environmental sustainability. They frequently lead the industry with a wide portfolio of unmarried-component primers that provide ease of software, brilliant adhesion properties, and sturdiness throughout diverse substrates.

LIST OF MARKET PLAYERS PROFILED

• AkzoNobel (Netherlands)
• Cromax (U.S.)
• Axalta Coating Systems (U.S.)
• Sika AG (Switzerland)
• DYO Boya (Turkey)
• PPG Industries (U.S.)
• 3M (U.S.)
• Henkel (Germany)
• Musashi Paint (Japan)

INDUSTRIAL DEVELOPMENT

July 2022: Axalta has declared that it has created Plascoat PPA 742, a thermoplastic single-layer primer that maximizes corrosion protection for a variety of metallic surfaces.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.