Global Anti-Corrosion Coating Market, By Type (Epoxy, Polyurethane, Acrylic, Alkyd, Zinc), Technology (Solvent, Water, Powder), End User Industry (Marine, Oil and Gas, Industrial, Infrastructure, Power Generation), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of the Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Anti-Corrosion Coating Market
The anti-corrosion coating market is expected to witness market growth at a rate of 6.65% in the forecast period of 2022 to 2029. Data Bridge Market Research report on anti-corrosion coating market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the need for high-efficiency anti-corrosion coatings is escalating the growth of anti-corrosion coating market.
Anti-corrosion coatings are known to be a unique class of materials, that is characterized by excellent impact resistance, plus corrosion, and abrasion resistance. These coatings can be water-based, epoxy-based or in powder form. These coatings help in making a barrier between the metal surfaces, by this means protecting the substrate from any kind of corrosion.
Major factors that are expected to boost the growth of the anti-corrosion coating market in the forecast period are the rise in the losses because of the corrosion and modernization of infrastructure. Furthermore, the development in the end-use industries is further anticipated to propel the growth of the anti-corrosion coating market. Moreover, the growing need for thin-walled durable metallic components in the manufacturing of lightweight products, which are utilized in several industries such as building and construction, automotive, marine, and oil and gas. On the other hand, the varying prices of crude oil is further projected to impede the growth of the anti-corrosion coating market in the timeline period.
In addition, the research and development to create bio-based anti-corrosion coatings will further provide potential opportunities for the growth of the anti-corrosion coating market in the coming years. However, the rise in the government regulations might further challenge the growth of the anti-corrosion coating market in the near future.
This anti-corrosion coating market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the anti-corrosion coating market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Global Anti-Corrosion Coating Market Scope and Market Size
The anti-corrosion coating market is segmented on the basis of type, technology and end user industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the anti-corrosion coating market is segmented into epoxy, polyurethane, acrylic, alkyd, zinc.
- On the basis of technology, the anti-corrosion coating market is segmented into solvent, water, powder.
- On the basis of end user industry, the anti-corrosion coating market is segmented into oil and gas, industrial, infrastructure, power generation.
Anti-Corrosion Coating Market Country Level Analysis
The anti-corrosion coating market is analysed, and market size, volume information is provided by country, type, technology and end user industry as referenced above.
The countries covered in the anti-corrosion coating market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the anti-corrosion coating market due to the rise in the need for electric vehicles (EVs) in several countries. Furthermore, the occurrence of several automotive manufacturers will further boost the growth of the anti-corrosion coating market in the region during the forecast period. Europe is projected to observe significant amount of growth in the chief application sectors, including oil and gas and marine applications. Moreover, the growing need for smart EVs, which needs lightweight and durable components to enhance the vehicular efficiency is further anticipated to propel the growth of the anti-corrosion coating market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites, and volumes, import-export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Anti-Corrosion Coating Market Share Analysis
The anti-corrosion coating market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the anti-corrosion coating market.
Some of the major players operating in the anti-corrosion coating market are Hempel A/S, Jotun, Ashland, RPM International Inc., Kansai Paint Co., Ltd, Nycote Laboratories, Inc., Diamond Vogel, Nippon Paint Co., Ltd., DuPont, DOW, DSM, 3M, Heubach Color, The Magni Group, Wacker Chemie AG, SK Formulations India, Bluechem Group, Ancatt Inc., S.M. Adhesives., Renner Herrmann., PPG Industries, Inc., Akzonobel N.V., The Sherwin-Williams Company, Axalta Coating Systems Ltd., and BASF SE among others.
SKU-