Anti-Corrosion Coatings Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Anti-Corrosion Coatings Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : November, 2020 | Chemical & Materials | PPT format

Report Digest


Global Anti-Corrosion Coatings Market: Overview

Anti-corrosion coatings protect various metal components from oxidation, exposure to industrial and environmental chemicals, moisture, and salt sprays. Preventing contact between corrosive materials and chemical compounds, these coatings might also feature nonstick properties. As rust and corrosion prevention is a key concern of a number of industries that have high humidity, salt, water, and mist, the global market for anti-corrosion coatings market is expected to soar. 

Global Anti-Corrosion Coatings Market: Key Trends

Widespread usage in oil and gas equipment such as drill pipes and oil storage tanks is fuelling the demand for anti-corrosion coatings. As these equipment are exposed to underground water and marshy land, they need to be protected from corrosion from moisture. Moreover, the increasing demand for energy generation via oil sands, tar sands, shale gas, and oil shale is likely to further provide an impetus to the market.

The polyurethane coatings segment has been exhibiting significant growth thanks to the availability of a wide range of colors and glossy finish that attracts consumers. These products can endure temperatures up to 110 degrees Celsius. By application, the solvent based coatings might emerge at the fore due to government regulations emphasizing the use of low volatile organic compounds in products.

Global Anti-Corrosion Coatings Market: Market Potential

In February 2017, NEI Corporation announced that the patent and trademark regulatory body of the U.S. has issued allowance for two patent applications of the firm. These two products possess hydrophobic coatings, displaying high corrosion resistance, apart from their excellent adhesive properties.

In the same month, Güntner launched a new coil protector designed for the food industry. The product possesses powder coating that is highly resistant to corrosion apart from being food safe.

U.S.-based manufacturer of grapheme, Applied Graphene Materials (AGM) has been aiding James Briggs Ltd, a paints manufacturer, in the development of anti-corrosion grapheme coatings.

A group of engineers and scientists has developed a hexagonal boron nitride monolayer that exhibits exceptional resistance to corrosion. Although this product needs to be developed further for it to be introduced in the commercial market, the future potential for it is immense, experts believe. Both anodic and cathodic currents were found to be unsuccessful at penetrating the automatically thin layer coating.

Global Anti-Corrosion Coatings Market: Regional Outlook

North America dominates the anti-corrosion coatings market, which is supported by rising volume of military investment. The U.S., flaunting one of the world’s largest fleet bases, is likely to represent maximum share of the anti-corrosion coatings market in North America.

Asia Pacific is likely to emerge as a leading regional market owing to the foreign investments that have been pouring in. The extensive growth of the end-use industries such as oil and gas, power and energy, marine, tanks and pipes, and construction are responsible for increasing demand for anti-corrosion coatings in the developing countries of this region such as India, Malaysia, Singapore, Vietnam, Australia, and China. China is slated to emerge at the fore, as a vast population, immense production base, and growing volume of foreign investments propel its expansion.

Global Anti-Corrosion Coatings Market: Competitive Analysis

Some of the leading companies operating in the global anti-corrosion coatings market are Hempel, The Sherwin-Williams Company, BASF, RPM International, PPG Industries, Chugoku Marine Paints, AICA Kogyo, Jotun, Axalta Coating, Kansai Paints, Ashland, Tnemec, Akzonobel, Sokema, Valspar, Nippon Paints, and AnCatt.

Japan-based Kansai Paint is planning to acquire Sadolin Tanzania, Sadolin Kenya, and Sadolin Uganda, with a view to tap the vast potential of the market in this region.

Several companies are also making sure that they improve their production capabilities. For example, PPG Industries completed a new production line at Wuhu, China. The plant produces highly efficient high solids and waterborne coatings.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?