The modern-day document posted via Report Ocean, titled “Anti-corrosion Coating Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
The global anti-corrosion coating market was valued at $22.8 billion in 2019, and is projected to reach $41.2 billion by 2027, growing at a CAGR of 8.3% from 2020 to 2027. Corrosion leads to spontaneous reaction between a material and its environment, resulting in deterioration of mechanical properties of the material. Anticorrosion 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 including abrasion resistance, gloss retention, and are lightweight; thus, improving the lifespan and performance of the materials. Use of these coatings results in increased efficiency of industrial operations, conservation of scarce material resources, cost reduction, and reduction in pollutant emissions. An anticorrosion coating functions by forming a barrier between the substrate material and environment, inhibiting the corrosion processes.
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Growing investment in construction activities across emerging economies, such as India, China, and Brazil, and development of the automotive market drive the growth of this market. Emergence of China as a global manufacturing hub is also offering profitable growth opportunities to anti-corrosion coating market. However, usage of solvent-borne anti-corrosion coatings containing other toxic heavy metals has declined progressively in the last decade due to stringent environmental regulations. This factor is hampering the growth of this to some extent and the similar trends are anticipated during the forecast period.
The global anticorrosion coating market is segmented on the basis of type, technology, end-user industry, and region. 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 anticorrosion 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 sub segmented into power plants, solar energy, and wind turbines. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
KEY BENEFITS FOR STAKEHOLDERS
? The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the global anti-corrosion coating market from 2018 to 2026 to determine the prevailing opportunities
? A comprehensive analysis of the factors that drive and restrict the growth of the market is provided
? Estimations and forecast are based on factors impacting the market growth, in terms of both value and volume
? Profiles of leading players operating in the market are provided to understand the global competitive scenario
? The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth
KEY MARKET PLAYERS
– AkzoNobel N.V.
– BASF SE
– Hempel Holdings A/S
– Kansai Paints Co. Ltd.
– NIPPON PAINT HOLDINGS CO. LTD.
– PPG Industries Inc.
– The Dow Chemical Company
– The Sherwin-Williams Company
– WackerChemie AG
– 3M
KEY MARKET SEGMENTS
– By Type
? Epoxy
? Polyurethane
? Acrylic
? Alkyd
? Zinc
? Chlorinated Rubber
? Others
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– By Technology
? Solvent-Borne
? Waterborne
? Powder
? Others (High-Energy Cure Coatings and Nanocoatings)
– By End-User Industry
? Marine
? Oil & Gas
? Industrial
? Construction
? Energy
? Automotive
? Others
– By Region
o North America
? U.S.
? Canada
? Mexico
o Europe
? Germany
? France
? Italy
? Spain
? UK
? Rest of Europe
o Asia-Pacific
? China
? Japan
? India
? South Korea
? Rest of Asia-Pacific
o LAMEA
? Brazil
? Argentina
? Qatar
? UAE
? Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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