Global Corrosion Protection Coatings Market, By Type (Epoxy, Polyurethane, Zinc, Alkyd, Acrylic, Chlorinated Rubber, Others), Technology (Water-Based, Solvent-Based, Powder-Based, Others), End-Use Industries (Marine, Oil And Gas, Petrochemical, Infrastructure, Power Generation, Water Treatment, Others), 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 Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Corrosion Protection Coatings Market
The corrosion protection coatings market is expected to witness market growth at a rate of 5.50% in the forecast period of 2021 to 2028. Data Bridge Market Research report on corrosion protection coatings 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 demand for the product for various applications is escalating the growth of corrosion protection coatings market.
The corrosion protection coatings refer to the type of coating that utilized by sectors, generally differentiated into creation of barriers between the environment and the substrate material, inhibition of the corrosion processes and coating. It assists in protecting products from degradation, oxidation and a number of chemical-based occurrences that may harmful to metals and alloys.
The increase in demand for the process from manufacturing industries across the globe, acts as one of the major factors driving the growth of corrosion protection coatings market. The rise in adoption of the coating application in the end user industries such as oil and gas, manufacturing, infrastructure and automotive, owning to its properties including improved durability and toughness accelerate the market growth. The increase in the need for efficient processes and longer life of equipment and the increase in demand for the coating due to its features such as chemicals and heat resistance, UV light, abrasion, improved toughness, and dimensional stability further influence the market. Additionally, strict government rules and regulations, expansion of end user industries, innovation in modern structures and rise in concerns regarding losses and damage due to corrosion positively affect the corrosion protection coatings market. Furthermore, advent of eco-friendly coatings extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
- On the other hand, high cost associated with the raw materials and energy and stringent environmental regulations are expected to obstruct the market growth. The high completion from the local players is projected to challenge the corrosion protection coatings market in the forecast period of 2021-2028.
This corrosion protection coatings market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, 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 corrosion protection coatings market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Corrosion Protection Coatings Market Scope and Market Size
The corrosion protection coatings market is segmented on the basis of type, technology and end user industries. 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 corrosion protection coatings market is segmented into epoxy, polyurethane, zinc, alkyd, acrylic, chlorinated rubber and others.
- On the basis of technology, the corrosion protection coatings market is segmented into water-based, solvent-based, powder-based and others.
- On the basis of end use industries, the corrosion protection coatings market is segmented into marine, oil and gas, petrochemical, infrastructure, power generation, water treatment and others.
Global Corrosion Protection Coatings Market Country Level Analysis
The corrosion protection coatings market is analyzed and market size, volume information is provided by country, type, technology and end user industries as referenced above.
The countries covered in the globally corrosion protection coatings 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 (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the corrosion protection coatings market because of the growth of various industries such as construction, automotive, shipbuilding, and manufacturing and raw material availability coupled with cheaper labor costs within the region. Europe is expected to witness significant growth in the forecast period of 2021 to 2028 because of the increase in investment by the manufacturing companies and surge in research and development activities in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts 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, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Corrosion Protection Coatings Market Share Analysis
The corrosion protection coatings market competitive landscape provides details by 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 corrosion protection coatings market.
The major players covered in the corrosion protection coatings market reports are Hempel A/S, Kansai Paint Co., Ltd, Nycote Laboratories, Inc., Diamond Vogel, Jotun, Ashland Inc., RPM International Inc., Nippon Paint Co., Ltd., E.I. Du Pont De Nemours, DOW, Koninklijke Dsm N.V, 3M Co, 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., BASF SE among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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