Polyester Putty and Epoxy Putty Market Share & Trends [2031]

Report Description

Polyester Putty and Epoxy Putty Market Outlook

The Global Polyester Putty and Epoxy Putty Market was valued at USD 327.0 Million in 2021 and is expected to reach USD 464.5 Million in 2030, expanding at a CAGR of 4.0% during the forecast period. The overall incremental opportunity is estimated to be USD 123.8 Million from 2022 to 2030.

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.

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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 North America, Europe, and Latin & Central America 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.

Polyester Putty and Epoxy Putty Market Dynamics

Driver

• Growing Demand from the Automotive Industry

Polyester putty and epoxy putty are widely used in the automotive industry for repairing and restoring the exterior and interior of vehicles. They are popularly used for repairing dents, scratches, and other damage to the car’s body. The use of polyester putty and epoxy putty is a cost-effective solution for repairing minor damages to the car body. These putties are cheaper than other repair methods such as replacing the damaged parts, and they can be applied quickly and easily.

It can be used to restore the original appearance of the vehicle. They can be easily sanded and painted, giving the car a smooth and uniform finish. This improves the aesthetics of the car and makes it more attractive to potential buyers. Polyester putty and epoxy putty can be easily applied to the damaged area using a putty knife.

They can be shaped and molded to match the contours of the car body, making them ideal for repairing complex shapes and curves. In 2021, the size of the world's automotive aftermarket was 419.2 billion USD. Polyester putty and epoxy putty demand are predicted to rise as demand for automotive aftermarket parts rises, propelling the industry.

• High Demand from the Construction Industry

In the construction industry, polyester putty and epoxy putty are used for filling gaps, repairing cracks, and sealing surfaces. High demand for construction activities is driving the demand for these putties. Many countries are investing in infrastructure development projects such as highways, airports, and bridges. The construction industry is expected to grow significantly, which is expected to drive the demand for these putties.

The renovation and remodeling of existing buildings is a major factor driving the demand for polyester putty and epoxy putty. These putties are used for repairing damaged walls, ceilings, and floors, and for filling gaps and cracks. Rising construction of industrial buildings such as factories and warehouses is driving the demand for polyester putty and epoxy putty.

These putties are used for repairing concrete floors and walls, and for sealing surfaces to prevent moisture and chemical damage. Increasing demand for construction activities worldwide is expected to drive the market. Over the upcoming years, it is anticipated that the worldwide construction industry's income will increase steadily. The market for construction was worth 6.4 trillion dollars in 2020, and it is anticipated to grow to 14.4 trillion dollars by 2030.

• Rising Usage of Putties in Marine Application

Polyester putty and epoxy putty are used in several applications in the marine industry. Their excellent properties such as resistance to water, chemicals, and UV radiation, are increasing demand for polyester putty and epoxy putty. The marine industry relies heavily on polyester putty and epoxy putty for boat repairs and maintenance. These putties are used for repairing cracks, holes, and dents in boat hulls, decks, and other surfaces.

They can be used to reinforce weak areas and improve the structural integrity of boats. Fiberglass is a common material used in the construction of boats and other marine structures. Polyester putty and epoxy putty are used for repairing and reinforcing fiberglass components such as hulls, decks, and superstructures. Polyester putty and epoxy putty can be used for underwater repairs.

They can be applied in wet conditions and cured quickly, making them ideal for emergency repairs or maintenance tasks. The majority of industries' supply chains include ocean transportation, which makes it the backbone of international trade. Around 80% of commodities, according to estimates, are believed to be transported by ships. Increasing usage of polyester putty and epoxy putty in the marine industry due to their excellent properties, versatility, and ease of use is likely to fuel the market.

• Growing Demand from the Automotive Industry

Putty is an affordable material that can be used for a variety of DIY projects, such as repairing damaged walls, floors, and furniture. DIY activities are popular, as they save money. Instead of hiring professionals to repair or renovate their homes, many consumers are choosing to do it themselves. It is also popular because they offer convenience. Consumers can complete projects on their own schedule and at their own pace, without having to rely on professionals.

Polyester putty and epoxy putty are easy to use and can be applied with simple tools, making them ideal for DIY projects. DIY activities allow for creative expression. Consumers can customize their projects to fit their personal style and preferences. Polyester putty and epoxy putty can be painted, sanded, and molded, making them versatile materials for creative projects.

The availability of online tutorials and resources has made DIY activities more accessible to consumers. Consumers can find step-by-step guides for using polyester putty and epoxy putty for various projects with a quick search on the internet. The rising trend of DIY activities is likely to fuel the market.

Restraint

• Environmental Concerns

Polyester putty and epoxy putty are two commonly used materials in construction, automotive, marine, and other industries. However, the production and disposal of these materials can have negative impacts on the environment. This putty is made of synthetic materials that do not biodegrade naturally. When disposed of improperly, these materials can accumulate in landfills and pollute the environment.

The production of polyester putty and epoxy putty involves the use of hazardous chemicals that can pose risks to human health and the environment. For example, the resins used in epoxy putty production contain bisphenol A (BPA), which is a known endocrine disruptor. The production of polyester putty and epoxy putty generates waste materials that contribute to environmental pollution.

For example, the production of polyester putty generates styrene emissions, which are harmful to the environment. These factors are expected to hamper the market.

• Availability of Alternative Products

Wood filler: A paste-like substance that is used to fill gaps & cracks in wood surfaces can be used in place of putty. It is made of a mixture of wood particles and a binding agent, such as glue or resin. Wood filler can be easily stained, & painted, making it a popular alternative to polyester putty for repairing minor damage. Spackling paste: A lightweight material is used to fill holes and cracks in walls and ceilings. It is made of a mixture of gypsum powder and water.

The spackling paste can be painted over once it dries, making it a popular alternative to polyester putty for repairing minor damage to drywall. Cement-based fillers: It is made of a mixture of cement and other materials, such as sand and polymers. They are used to repair cracks and holes in concrete surfaces, such as driveways, sidewalks, and walls.

Cement-based fillers are known for their strength and durability. Silicone sealant: It is a flexible, waterproof material that is used to seal gaps and cracks in a variety of surfaces, including glass, metal, and plastic. It is made of a mixture of silicone polymers and other materials and can be applied using a caulk gun. Overall, the easy availability of these alternative products limits the demand for polyester putty and epoxy putty in some applications.

Opportunity

• Expansion into Emerging Markets

Emerging countries present significant opportunities for growth in the polyester putty and epoxy putty market. Rapid industrialization & urbanization in countries, such as the US, Germany, and Brazil are driving the demand for construction, automotive, and marine products that use putty. Companies are expanding their presence in emerging markets to increase their revenue and market share. Labor costs and raw material prices are often lower in emerging countries than in developed ones, which reduces production costs for manufacturers.

Additionally, manufacturers can increase their revenue and market share while contributing to the economic development of these countries. Expansion into emerging countries is likely to create opportunities in the market.

• Development of New Application

In the construction industry, polyester putty and epoxy putty are used for repairing and filling cracks and gaps in walls, floors, and ceilings, as well as for bonding and joining different materials. They are used as adhesives and sealants for construction materials, such as concrete, metal, and wood. In the automotive industry, these putties are used for repairing and restoring damaged body panels, bonding, and filling gaps in automotive components.

They are also used as adhesives for automotive glass and interior components. In the marine industry, polyester putty and epoxy putty are used for repairing and filling cracks and holes in boats and ships, and bonding and sealing marine components, such as propellers, rudders, and hulls. They are used as adhesives for bonding marine materials, such as fiberglass and carbon fiber.

Manufacturers can expand their product offerings and tap into new markets. This requires a deep understanding of the specific needs and requirements of each application, and the ability to develop and test novel formulations that meet those needs. The development of new applications presents a significant opportunity in the polyester putty and epoxy putty market.

Scope of Polyester Putty and Epoxy Putty Market Report

The report on the Global Polyester Putty and Epoxy Putty market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Polyester Putty and Epoxy Putty Market Segmental Outlook

The Global Polyester Putty and Epoxy Putty market is segmented on the basis of type, distribution channel, end-user industry and region.

By Type

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 increasing the use of epoxy putty, thereby fueling the segment.

By Distribution Channel

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.

By End-user Industry

In terms of end-user industry, the global Polyester Putty and Epoxy Putty market is divided 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.

Polyester Putty and Epoxy Putty Market Regional Outlook

Based on regions, the Global Polyester Putty and Epoxy Putty Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. The growth of the market in North America is due to increasing demand from the construction and automotive industries. The US holds 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 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 and Central 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.

Key Benefits for Industry Participants & Stakeholders

• In-depth Analysis of the Global Polyester Putty and Epoxy Putty Market
• Historical, Current, and Projected Market Size in terms of Value and Volume
• Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
• Industry Drivers, Restraints, and Opportunities Covered in the Study
• Recent Industry Trends and Developments
• Competitive Landscape & Strategies of Key Players
• Neutral Perspective on Global Polyester Putty and Epoxy Putty Market Performance