Anti-Corrosion Coatings Market is valued around USD 27.39 Billion in 2019 and expected to reach USD 63.72 Billion by 2030 with the CAGR of 7.9% over the forecast period.
Anti-Corrosion Coatings are the special coatings which protects the metal from corrosion caused by extreme environmental conditions. Corrosion reduces the shelf life of metal by deteriorating it over the period of time owing to moisture, humidity and others. It has wide applications in different industries to enhance the shelf life of metals along with strength. Anti-corrosive coatings are generally made up of light weight metal such as zinc, titanium which also holds the gloss retention properties.
Global Anti-Corrosion Coatings Market report is segmented on the basis of type, technology, application and by regional. Based upon type, the anti-corrosion coatings market is fragmented into epoxy anti-corrosion coating, polyurethane anti-corrosion coating, acrylic anti-corrosion coating, alkyd anti-corrosion coating, zinc anti-corrosion coating, chlorinated rubber anti-corrosion coating, others. On the basis of technology, the market is categorized into solvent borne, powder coatings, water borne, and others. Based on application, the market is fragmented into marine, oil & gas, industrial, construction, energy, automotive, and others. The regional bifurcation of countries includes North America, Europe, Asia-Pacific, and RoW which are further segmented into major countries such as U.S., UK, France, and others.
The anti-corrosion coatings market is mainly driven by the constant expanding applications in different industries along with surging demand of anti-corrosive coatings from different end user industries. Growing investments in the anti-corrosive coatings market along with growing awareness pertaining to eco-friendly products are also expected to direct the market growth. On the other hand, high efficiency with maximum durability of these coatings which protects from harsh environmental conditions is also likely to contribute the market growth. In addition, rapid growth in different industries such as automotive, constructions, machinery and others has also increased the demand for anti-corrosive coatings market. However, stringent regulatory polices pertaining to safety and other parameters may restrict the market growth in near future.
Complete report is available at https://www.nextmsc.com/report/anti-corrosion-coatings
The developed regions such as North America and Europe are expected to hold the major market share owing to the presence of well-developed infrastructure along with well-established industries as well as major market players in the region. Asia Pacific is expected to dominate the anti-corrosion coatings market in terms of growth rate owing to the rapid industrialization along with growing awareness among consumers. Moreover, wide application in different industries supported by rising disposable income are also expected to fuel the market growth.
The major market players profiled in the anti-corrosion coatings market includes BASF SE, PPG Industries, Inc., Axalta Coating Systems Ltd., AkzoNobel N.V., Ashland Inc., Hempel A/S, RPM International Inc. Jotun, The Sherwin-Williams Company, and Kansai Paint Co., Ltd. among others.
