According to a recent market study published by Growth Market Reports, titled, “Global Polyester Putty and Epoxy Putty Market by type, by distribution channel, by end-user industry, and by Region: Size, Share, Trends and Opportunity Analysis, 2015-2030”, the market was valued at US$ 327.0 Million in 2021 and is anticipated to grow at a growth rate 4.0% by the year 2030.

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Polyester putty and epoxy putty are the most common types of fillers in the construction industry. Both of these are used for filling gaps, cracks, and holes in various surfaces; however, they have different properties and applications.

Polyester Putty

Polyester putty is a two-part filler that consists of a resin and a hardener. It is primarily made of polyester resin, which is mixed with a catalyst to activate the curing process. It is typically used for repairing and filling small cracks and holes in metal, wood, fiberglass, and other surfaces. Polyester putty has several advantages, including its quick curing time, ease of sanding, and low cost. However, it has some disadvantages, such as its limited strength, poor adhesion to some surfaces, and a tendency to shrink over time.

One of the main advantages of polyester putty is its short curing time. Polyester putty typically cures within a few minutes, which allows for fast repairs. Additionally, it is relatively easy to sand, which makes it a popular choice for smoothing out rough surfaces. Another advantage of polyester putty is its low cost, which makes it a good choice for smaller repairs. However, the polyester putty has some disadvantages. It has limited strength and can crack or shrink over time.

Epoxy Putty

Epoxy putty is a two-part filler that consists of a resin and a hardener. Epoxy putty is made from an epoxy resin, which is mixed with a hardener to activate the curing process. It is used for filling large gaps, cracks, and holes in various surfaces, including metal, wood, ceramics, and concrete.

The advantage of epoxy putty is its high strength. It is stronger than polyester putty and can withstand greater stress and strain. Additionally, it has excellent adhesion to most surfaces, which makes it a popular choice for more demanding repairs. Epoxy putty is resistant to water, chemicals, and temperature changes, which makes it suitable for use in a variety of environments. However, epoxy putty has some disadvantages. It has a longer curing time than polyester putty, which can slow down the repair process. It is more difficult to sand than polyester putty, which can make it harder to achieve a smooth finish.

The outbreak of Coronavirus disease in 2019 (COVID-19) restrained the global economy, created global interdependence, and challenged the governments of various nations.

The COVID-19 pandemic has had a significant impact on the Global Polyester Putty and Epoxy Putty market. Polyester Putty and Epoxy Putty are a type of ceramic material that is increasingly used in the construction industry for countertops, flooring, walls, and other applications. The pandemic has affected the demand for Polyester Putty and Epoxy Putty due to disruptions in the supply chain, the shutdown of manufacturing plants, changes in consumer behavior, and the decrease in construction activities in some parts of the world. The COVID-19 pandemic had a mixed impact on the Global Polyester Putty and Epoxy Putty market, with both negative and positive effects.

Key Takeaways from the Study:

  • Key players operating in the market 3M, Akzo Nobel N.V, ASK Coating Ltd, Henkel AG & Co KGaA, IMI Fabi SpA, PRO&CAR, Roberlo, Sika AG, Sylmasta, The Sherwin-Williams Company. These companies are considered key manufacturers of Polyester Putty and Epoxy Putty based on their revenue, research development (R&D) activities, regional presence, and supply chain management system.
  • Based on type, the Global Polyester Putty and Epoxy Putty market is segmented into polyester putty and epoxy putty. The polyester putty segment is divided into universal polyester putty, fiberglass polyester putty, aluminum polyester putty, and others. While the epoxy putty segment is fragmented into (metal epoxy putty and others. The growth of the polyester putty segment is attributed to its high usage in the automotive and marine industries, as it is commonly used for repairing and filling gaps, cracks, and holes in metal, fiberglass, and other surfaces. Polyester putty is relatively easy to apply and shape, making it a popular choice for DIY and home repair projects. Additionally, it can be sanded and painted over once cured, making it a versatile repair option. Epoxy putty has a high bonding strength and is resistant to impact, abrasion, and exposure to chemicals and high temperatures, making it an ideal choice for repairing and filling gaps in a wide range of materials. These properties of epoxy putty are likely to increase the use of epoxy putty, thereby fueling the segment.
  • On the basis of distribution channel, the Global Polyester Putty and Epoxy Putty market is segregated into online and offline. The online segment is sub-segmented into company website, third party/e-commerce sales, while the offline segment is segregated into hardware & cement store, paint & coating store. The growth of the online segment is attributed to the increasing penetration of the internet and rising adoption of smartphones and other mobile devices, which makes it easy for consumers to shop for putty online. Additionally, e-commerce platforms are investing in improving the user experience for customers, with features such as product recommendations, reviews and ratings, and easy payment and checkout options. Thus, boosting its adoption among users. The offline segment is anticipated to grow in the coming years, as brick & mortar stores help in building an established customer base that prefers to shop in physical stores. This customer base includes professionals and DIY enthusiasts who prefer to physically see and feel the product before purchasing.
  • In terms of end-user industry, the global polyester putty and epoxy putty market is segmented into automotive, construction, and marine. The automotive segment is expanding due to the increasing demand for vehicles in emerging markets. This, in turn, is driving the demand for polyester putty and epoxy putty used in the repair and maintenance of automotive body parts. The construction segment is a key end-user of polyester putty and epoxy putty manufacturers and distributors. These putties are widely used in the construction industry for applications such as filling and repairing cracks, joints, and gaps in concrete, wood, and other building materials. The marine segment extensively uses high-performance putties that can withstand harsh marine environments, such as exposure to saltwater, UV radiation, and extreme temperatures. Polyester putty and epoxy putty offer superior performance in these conditions, thus boosting their demand in this segment.
  • Based on regions, the Global Polyester Putty and Epoxy Putty Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa (MEA). The growth of the market in North America is due to increasing demand from the construction and automotive industries. The Asia Pacific and North America is likely to hold the largest share of the market in the region due to the presence of a large construction industry and high consumer spending on automotive maintenance and repair. The market in Europe is expected to grow at a rapid pace due to the presence of a large construction industry and high consumer spending on home improvement and renovation projects. Germany, France and the UK are the key countries for the market in this region. The market in Latin America is expected to grow at a substantial pace due to the increasing demand for putties in the construction and automotive industries. Brazil, Mexico and Costa Rica are the major countries for the market in this region.

Report Scope:

Report Metric

Details

Market Value in 2021

US$ 327.0 Million

Market Growth Rate (from 2015 to 2030)

4.0%

Historical Data

2015 & 2020

Base Year

2021

Forecast Period

2022 - 2030

Units Considered

Value (US$ Million)

Market Segments

By Type, By Distribution Channel, By End-user Industry

Key Companies Profiled

3M, Akzo Nobel N.V, ASK Coating Ltd, Henkel AG & Co KGaA, IMI Fabi SpA, PRO&CAR, Roberlo, Sika AG, Sylmasta, The Sherwin-Williams Company

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail of tailor-made purchase options to meet your research requirements.

Target Audience:

  • Supply-side: Manufacturer, distributors, wholesaler, and Supplier.
  • Demand Side: Automotive Industry, Construction Industry, Marine Industry.