Anti-Corrosion Coatings Market Overview :
Global Anti-Corrosion Coatings Market is estimated to reach $37.59 billion by 2025; growing at a CAGR of 5.2% from 2017 to 2025. Anti-corrosion coatings offer protection to metal surfaces from moisture, humidity, salt water, oxidation, & from variety of environmental or industrial chemicals. These coatings act as a barrier to prevent the interaction between the corrosive materials or chemical compounds. These coatings provide high chemical & temperature resistance, and high mechanical strength. The improved anti-corrosion property, as well as enhanced finishing ability to the metal structures. The requirement of improved infrastructure has increased owing to the growing investments and rising number of industries, this act as a driving force for the growth of the anti-corrosion coatings market over the forested period. Various types of anti-corrosion coatings like zinc, epoxy, alkyd, polyurethane, acrylic, chlorinated rubber, silicates, and fluorocarbons are widely used for industrial purposes.
Various factors driving the growth of the global anti-corrosion coatings market include upgradation of infrastructure, increasing losses owing to corrosion, and growing end-use industries. Though, environmental regulations might impact the growth of the anti-corrosion coatings market adversely. However, emergent regions and demand about high-efficiency anti-corrosion coatings would offer more growth opportunities for the players of this market over the forecasted years.
The global anti-corrosion coatings market is classified on the basis of type, technology, end use industry, and geography. The anti-corrosion coatings market is segmented by type into polyurethane, epoxy, acrylic, alkyd, chlorinated rubber, zinc, and other types. Technology is further segmented into waterborne, solvent-borne, and powder coating. Further, the market is segmented by end use industry as oil & gas, marine, industrial, infrastructure, automotive & transportation, power generation, and other end use industries.
Geographically, the global anti-corrosion coatings market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S., Canada, and Mexico whereas Europe segment consist of UK, Russia, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
Major players operating in this market are Axalta Coating Systems, AkzoNobel N.V., PPG Industries, Inc., Ashland Inc., BASF SE, Hempel A/S, The Sherwin-Williams Company, Jotun, Kansai Paint Co., Ltd., and RPM International Inc., among others.
The key takeaways from the report
- The report will provide detailed analysis of Global Anti-Corrosion Coatings Market with respect to major segments such as type, technology, and end use industry
- The report will include the qualitative and quantitative analysis with market estimation over 2016 – 2025 and compound annual growth rate (CAGR) between 2017 and 2025
- Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
- An exhaustive regional analysis of Global Anti-Corrosion Coatings Market has been included in the report
- Profile of the key players in the Global Anti-Corrosion Coatings Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Anti-Corrosion Coatings Market
- Chlorinated Rubber
- Other Types
- Powder Coating
End Use Industry Segments
- Oil & Gas
- Automotive & Transportation
- Power Generation
- Other End Use Industries
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Middle East