Global Zinc Rich Primer Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Zinc Rich Primer Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Zinc rich primers contain zinc metal in a finely powdered form for the protection of steel against corrosion. Zinc-rich compounds can be applied by spray or by brush to steel. Zinc, being less noble than steel, forms hydroxycarbonate salt when it corrodes that bonds with the existing zinc in the film coating while upholding galvanic protection. This creates an advanced, self-healing film that ensures the metal surface beneath the coating stays protected. Zinc rich primer is one of the more effective means of sealing critical equipments from moisture, protecting it from rust and corrosion.

Market Overview:

The latest research study on the global Zinc Rich Primer market finds that the global Zinc Rich Primer market reached a value of USD 1541.0 million in 2022. It’s expected that the market will achieve USD 2063.53 million by 2028, exhibiting a CAGR of 4.99% during the forecast period.

The epidemic has also affected the zinc-rich primer industry. The price of raw materials has risen, the supply chain has been interrupted, the production and operation of downstream industries have been affected, and short-term demand has been affected. In the long run, with the weakening of the impact of the epidemic, the recovery of production and life, the upgrading of downstream industries, and the industrialization development of emerging economies, the demand for high-quality anti-corrosion coatings will increase, and the market prospect will be broad. At the same time, companies in the industry are also committed to researching environmentally friendly coatings, improving product performance and reducing production costs, and serving more downstream customers through a variety of distribution channels.

1 Drivers.

1.1 Product advantage: Zinc-rich primer has high corrosion resistance.
Zinc-rich coatings have dual anti-corrosion properties of electrochemical cathodic protection and physical shielding, and are one of the main varieties of heavy-duty anti-corrosion coatings. The anti-corrosion mechanism is as follows: First, the zinc-rich primer plays an electrochemical protective role. Second, zinc corrosion deposit shielding protection in zinc-rich primers. In addition, zinc-rich coatings have the advantage of reducing expenses, reducing accidents, and saving time.
1.2 Extensive downstream applications drive industry development.
Zinc-rich primers are commonly used primers in heavy duty anti-corrosion coating systems. This type of industrial coating is ideal for industrial, coastal, marine and freshwater environments. This includes applications in containers, steel tanks, offshore platforms, barges, oil refineries, Petrochemicals, power plants, etc. The wide range of downstream applications and the continuous development of downstream industries have driven the growth of the zinc-rich primer industry.
1.3 The development of e-commerce.

2 Restraints and Challenges.

2.1 Different types of zinc-rich primers have different usage restrictions.
Organic zinc-rich primers have excellent protection properties for substrates, especially corrosion resistance. However, the currently commonly used system is solvent-based epoxy zinc-rich primer, and there are a lot of harmful and pungent odor solvents in the coating, which are more harmful to the human body during the preparation and construction process. Due to the active zinc powder, the current water-based epoxy zinc-rich system has a complicated construction process. In response to the current environmental protection requirements and technological development, companies in the industry are committed to overcoming the use defects of various types of zinc-rich primers through technology research and development and raw material screening.
2.2 Intense market competition

3 Opportunities.

3.1 Advances in Innovation and Technology for Zinc Rich Primer.
Organic zinc-rich primers: manufacturers are committed to formulating formulations by selecting different types of epoxy resins, curing agents, anti-rust pigments, fillers and anti-flash rust agents to develop water-based epoxy zinc-rich primers with good construction performance and anti-corrosion performance. At the same time, the use of carbon nanomaterials, such as graphene, carbon nanotubes, etc., is studied to modify the epoxy zinc-rich primer to improve its anti-corrosion performance.
Inorganic zinc-rich primers: Industry companies are committed to modifying the alcohol-soluble inorganic zinc-rich primer to improve its adhesion and flexibility, so that the inorganic zinc-rich primer has better performance on steel.
3.2 Emerging markets have great potential.
With the economic development of emerging economies, the improvement of industrial foundation and industrial upgrading, emerging markets will bring new growth potential to the zinc-rich primer industry.

Region Overview:

China had the highest growth rate of all regions.

In 2021, the share of the Zinc Rich Primer market in China stood at 27.33%.

Company Overview

AkzoNobe
Akzo Nobel N.V., trading as AkzoNobel, is a Dutch multinational company which creates paints and performance coatings for both industry and consumers worldwide. Headquartered in Amsterdam, the company has activities in more than 80 countries, and employs over 32,000 people. Sales in 2020 were €8.5 billion.
Jotun
The Jotun Group is a matrix organisation with sales of Decorative Paints and Marine, Protective and Powder Coatings organised into seven regions.
The company has 38 production facilities in 23 countries, with 67 companies in 47 countries, and represented in more than 100 countries overall around the world.
AkzoNobe is one of the major players operating in the Zinc Rich Primer market, holding a share of 15.25% in 2022.
AkzoNobel, Jotun, PPG Industries, Sherwin-Williams, Nippon Paint are the five key players in the global Zinc Rich Primer market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global market in the past 5 years.

Segmentation Overview:

Organic
The type of zinc-rich coating is defined by the binder that is used during the formulation and manufacturing of the coating. Inorganic zinc-rich coatings generally consist of a silicate binder whereas organic zinc-rich coatings can use a wide array of binders including epoxy, polyurethane, and alkyd, etc. Because of the differences in the binders, the performance of inorganic zinc-rich primers versus organic zinc-rich primers varies.

Organic

Zinc Primers make use of agents like Epoxy and Urethane. It more commonly used for highly corrosive environments, particularly in industries like Oil and Energy, Marine, and Construction.
Inorganic Inorganic Zinc Primers are more commonly used as a single coat solution for weathering protection. It is also normally applied as a primer for subsequent application of organic topcoats. This solution has very high zinc content to provide various steel-based critical equipments with protection of undercoating.

By type, Organic segment accounted for the largest share of market in 2021.

Application Overview:

Ship & Offshore
The zinc metal protects the steel galvanically by corroding sacrificially in preference to the steel. The Zinc rich primer coatings are used in the Ship & Offshore industry for providing protection against atmospheric conditions like humidity, salt water, etc., therefore enabling the equipment to run efficiently at sea for a longer period of time. It contains high-quality zinc oxide and offers excellent corrosion resistance against water, salt spray as well as atmospheric conditions such as wind and rain.

Chemical Plant

Zinc-rich primer is used as a corrosion-resistant coating for the steel structures in a chemical plant. The Zinc Rich Primer plays an important role in preventing corrosion caused by transporting chemicals from one place to another via pipelines. It prevents rusting of metals during transportation & helps increase their life span.

Oil and Gas

Zinc rich primers primarily contain a high concentration of zinc dust. This coating agent acts sacrificially when in direct contact with the steel forming zinc salts. The zinc salts then effectively fill the pores of the primer sealing off the steel substrate from moisture. Zinc-rich primers are widely used in the oil and gas industry to provide long-term corrosion protection for associated equipment.

Industrial Machinery

Zinc-rich primers are used to protect steel surfaces from corrosion. It is an effective means to prevent moisture, rust and corrosion of industrial machinery and equipment.

By application, the Ship & Offshore segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Zinc Rich Primer market covered in Chapter 3:

MBCC Group
KCC
Kansai Paint
AkzoNobel
Chugoku Marine Paints
Hempel
Sherwin-Williams
Nippon Paint
Sumter Coatings
Jotun
PPG Industries

In Chapter 4 and Chapter 14.2, on the basis of types, the Zinc Rich Primer market from 2018 to 2029 is primarily split into:

Organic
Inorganic

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Zinc Rich Primer market from 2018 to 2029 covers:

Ship & Offshore
Chemical Plant
Oil and Gas
Industrial Machinery
Construction
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)