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Anti-corrosion Coating Market - Global Opportunity Analysis and Industry Forecast, 2014-2022

Anti-corrosion Coating Market - Global Opportunity Analysis and Industry Forecast, 2014-2022

  • March 2017
  • 261 pages
  • ID: 4805975
  • Format: PDF
  • By Allied Market Research

Summary

Table of Contents

Anti-corrosion Coating Market by Type (Epoxy, Polyurethane, Acrylic, Alkyd, Zinc, Chlorinated Rubber, and Others), Technology (Solvent-Borne, Waterborne, Powder Coating, and Others), and End-User Industry (Marine, Oil & Gas, Industrial, Automotive, Construction, Energy, and Others) - Global Opportunity Analysis and Industry Forecast, 2014-2022

The global anti-corrosion coating market was valued at $14,276 million in 2015, and is expected to reach $26,627 million by 2022, growing at a CAGR of 9.7% from 2016 to 2022. Corrosion leads to spontaneous reaction between a material and its environment, resulting in deterioration of mechanical properties of the material.

Anti-corrosion 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 such as 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, cost reduction, conservation of scarce material resources, and reduction in pollutant emissions. An anti-corrosion coating functions by forming a barrier between the substrate material and environment, inhibiting the corrosion processes.

Steel is among the major raw materials employed in the construction & automotive industry. Increase in investment in construction activities across emerging economies, such as India, China, and Brazil, and development of automotive market drive the market growth. Rapid urbanization has transformed these regions into manufacturing hubs of chemical plants, oil refineries, paper mills, and others, which are major consumers of these coatings.

Usage of solvent-borne anti-corrosion coatings containing other toxic heavy metals has declined progressively in the last decade due to stringent environmental regulations from agencies such as Environmental Protection Agency (EPA) of the U.S. and Registration Evaluation Authorization and Restriction of Chemicals (REACH) of Europe.

High energy demand is expected to create new opportunities for anti-corrosion coating manufacturers in the energy sector, including oil & gas, power plants, wind turbines, solar, and others. These coatings protect oil & gas containers, pipes, rotor blades, towers, solar panels, and other equipment from extreme environmental conditions.

The global anti-corrosion coating market is segmented based on type, technology, end-user industry, and geography. 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 anti-corrosion 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 subsegmented into power plants, solar energy, and wind turbines. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Major players profiled in this study are as follows:
3M Co.
Akzo Nobel N.V.
BASF SE
Hempel A/S
Kansai Paints Co. Ltd.
Nippon Paints Co. Ltd.
PPG Industries, Inc.
The Sherwin-Williams Company
The Dow Chemical Company
Wacker Chemie AG

KEY BENEFITS FOR STAKEHOLDERS
The report provides an in-depth analysis of the current trends, drivers, and dynamics of the global anti-corrosion coating market to elucidate the growth opportunities and the probable investment pockets.
It offers qualitative trends as well as quantitative analysis from 2014 to 2022 to assist the stakeholders to understand the market scenario.
In-depth analysis of the key segments demonstrates the consumption of anti-corrosion coatings across various end-user industries.
Competitive intelligence highlights the business practices followed by key business players across the geographies and the prevailing market opportunities.
Key players are profiled along with their strategies and developments to portray the competitive market outlook.

KEY MARKET SEGMENTS

By Type
Epoxy
Polyurethane
Acrylic
Alkyd
Zinc
Chlorinated Rubber
Others (Silicates, Fluorocarbons, Copolymers, Graphene, Ceramic, and Glass Flakes)

By Technology
Solvent-Borne
Waterborne
Powder
Others (High-Energy Cure Coatings and Nanocoatings)

By End-User Industry
Marine
Oil & Gas
Industrial
Construction
Energy
Power Plants
Solar Energy
Wind Turbines
Automotive
Others (Pipes & Tanks and Wastewater Treatment Plants)

By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Turkey
Russia
Rest of Europe
Asia-Pacific
China
India
Korea
Japan
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
Qatar
UAE
Rest of LAMEA

KEY PLAYERS
Axalta Coating System Ltd.
Ashland Inc.
Clariant International Ltd.
Diamond Vogel Paints
Jotun A/S
RPM International, Inc.
Royal DSM N.V.
Solvay S.A.
Sono-Tek Corporation

(Companies mentioned above are not profiled in the report and can be profiled upon client request)

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