Report Ocean has recently published the “Anti-corrosion Coating Market“ Research Report 2023-2031, offering a comprehensive analysis of the market. This report delves deep into the market dynamics, including key trends, upcoming technologies, drivers, challenges, and regulatory policies. It also features company profiles and strategies of prominent players in the industry. With over 100+ market data tables, pie charts, graphs, and figures, this global market study provides a thorough understanding of the market landscape. It presents a complete assessment, encompassing future trends, current growth factors, informed opinions, factual insights, and industry-validated market data, enabling accurate forecasts until 2031.
The global anti-corrosion coating market was valued at $14,276 million in 2015, and is expected to reach $26,627 million by 2022, growing at a CAGR of 9.7% from 2016 to 2022. Corrosion leads to spontaneous reaction between a material and its environment, resulting in deterioration of mechanical properties of the material. Anti-corrosion coatings prevent this deterioration of materials, such as composites, alloys, metals, polymers, and ceramics, which occurs due to oxidation, moisture, salt spray, industrial chemicals, or exposure to various environmental conditions. These coatings possess properties such as abrasion resistance, gloss retention, and are lightweight, thus improving the lifespan and performance of the materials.
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Use of these coatings results in increased efficiency of industrial operations, cost reduction, conservation of scarce material resources, and reduction in pollutant emissions. An anti-corrosion coating functions by forming a barrier between the substrate material and environment, inhibiting the corrosion processes. Steel is among the major raw materials employed in the construction & automotive industry. Increase in investment in construction activities across emerging economies, such as India, China, and Brazil, and development of automotive market drive the market growth. Rapid urbanization has transformed these regions into manufacturing hubs of chemical plants, oil refineries, paper mills, and others, which are major consumers of these coatings.
Usage of solvent-borne anti-corrosion coatings containing other toxic heavy metals has declined progressively in the last decade due to stringent environmental regulations from agencies such as Environmental Protection Agency (EPA) of the U.S. and Registration Evaluation Authorization and Restriction of Chemicals (REACH) of Europe.
High energy demand is expected to create new opportunities for anti-corrosion coating manufacturers in the energy sector, including oil & gas, power plants, wind turbines, solar, and others. These coatings protect oil & gas containers, pipes, rotor blades, towers, solar panels, and other equipment from extreme environmental conditions.
The global anti-corrosion coating market is segmented based on type, technology, end-user industry, and geography. By type, the market is classified into epoxy, polyurethane, acrylic, alkyd, zinc, chlorinated rubber, and others (silicates, fluorocarbons, co-polymers, graphene, ceramic, and glass flakes). On the basis of technology, it is categorized into solvent-borne, waterborne, powder, and other anti-corrosion coatings. According to end-user industry, it is divided into marine, oil & gas, industrial, construction, energy, automotive, and others. The energy end-user industry is subsegmented into power plants, solar energy, and wind turbines. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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KEY BENEFITS FOR STAKEHOLDERS
The report provides an in-depth analysis of the current trends, drivers, and dynamics of the global anti-corrosion coating market to elucidate the growth opportunities and the probable investment pockets.
It offers qualitative trends as well as quantitative analysis from 2014 to 2022 to assist the stakeholders to understand the market scenario.
In-depth analysis of the key segments demonstrates the consumption of anti-corrosion coatings across various end-user industries.
Competitive intelligence highlights the business practices followed by key business players across the geographies and the prevailing market opportunities.
Key players are profiled along with their strategies and developments to portray the competitive market outlook.
Major players profiled in this study are as follows:
3M Co.
Akzo Nobel N.V.
BASF SE
Hempel A/S
Kansai Paints Co. Ltd.
Nippon Paints Co. Ltd.
PPG Industries, Inc.
The Sherwin-Williams Company
The Dow Chemical Company
Wacker Chemie AG
KEY PLAYERS
Axalta Coating System Ltd.
Ashland Inc.
Clariant International Ltd.
Diamond Vogel Paints
Jotun A/S
RPM International, Inc.
Royal DSM N.V.
Solvay S.A.
Sono-Tek Corporation
KEY MARKET SEGMENTS
By Type
Epoxy
Polyurethane
Acrylic
Alkyd
Zinc
Chlorinated Rubber
Others (Silicates, Fluorocarbons, Copolymers, Graphene, Ceramic, and Glass Flakes)
By Technology
Solvent-Borne
Waterborne
Powder
Others (High-Energy Cure Coatings and Nanocoatings)
By End-User Industry
Marine
Oil & Gas
Industrial
Construction
Energy
Power Plants
Solar Energy
Wind Turbines
Automotive
Others (Pipes & Tanks and Wastewater Treatment Plants)
By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Turkey
Russia
Rest of Europe
Asia-Pacific
China
India
Korea
Japan
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
Qatar
UAE
Rest of LAMEA
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Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
What Are the Key Data Covered in This Market Report?
- The report may provide data on the current market size, historical data for previous years, and projections for future growth.
- This data may be presented in terms of revenue, market share, or other relevant metrics.
- The report may include data on the segmentation of the market based on various factors such as product type, application, end-user industry, and geography.
- This data helps to understand the market dynamics within different segments
- The report may highlight key trends and drivers that are shaping the market. This can include technological advancements, regulatory changes, consumer behavior, and industry developments.
- Data on these trends and drivers can provide insights into the factors influencing market growth.
- The report may provide data on the competitive landscape of the market, including key players, their market share, and strategies.
- This data helps to assess the competitive intensity and market positioning of different companies operating in the market.
- The report may outline the challenges and opportunities faced by market participants. This can include factors such as regulatory hurdles, competitive pressures, and emerging market opportunities.
- Data on these challenges and opportunities can inform business decisions and strategies.
- The report may provide data on the market performance and trends in different regions or countries. This can include data on market size, growth rate, and key players in each region.
- Regional data helps to understand market dynamics at a local level.
- The report may include data on consumer behavior, preferences, and buying patterns related to patient engagement solutions.
- This data can provide insights into customer needs and expectations, helping businesses tailor their offerings accordingly.
- The report may provide forecasts for the future of the market based on historical data, market trends, and other factors.
- This data helps stakeholders understand the potential growth and opportunities in the market.
Questions & Answers Market Research/Analysis Report Contains to your following:
- What is the current size of the market and how is it expected to grow in the future?
- What are the key drivers influencing market growth?
- What are the major challenges or constraints faced by market participants?
- What are the emerging trends and opportunities in the market?
- Who are the major competitors in the market and what is their market share?
- What are the key customer segments and their preferences within the market?
- What are the regional or geographic trends and variations within the market?
- What are the regulatory and legal factors impacting the market?
- What are the technological advancements or innovations shaping the market?
- What are the pricing trends and strategies observed in the market?
- What are the distribution channels and their effectiveness in reaching the target market?
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