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Anti-Corrosion Coating Market by Type, Technology, End-Use Industry - Global Forecast to 2022

Anti-Corrosion Coating Market: Global Forecast until 2022

  • August 2017
  • 223 pages
  • ID: 5090281
In this report:
The market in the automotive & transportation end-use industry accounted for a share of ##.##% in 2016, in terms of value.
The automotive & transportation end-use industry accounted for a share of ##.##%, in terms of value, in 2016.
The market in the oil & gas end-use industry accounted for a share of ##.##%, in terms of value, in 2016 and is projected to register a CAGR of ##.##% between 2017 and 2022.

Summary

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"The overall anti-corrosion coating market is estimated to rise at a compound annual growth rate of 5.00 percent during the forecast period"

The overall anti-corrosion coating market is estimated to grow ~$31.7B by 2022, at a compound annual growth rate of 5.00 percent between 2017 and 2022. This increase can be accredited to the growing losses due to corrosion and the growing demand for anti-corrosion coatings from several end-use sectors. Nevertheless, fluctuating raw material costs and stringent environmental regulations are selecting the increase of the market.

"The epoxy segment is anticipated to be the most important type segment of the overall anti-corrosion coating market"

The epoxy segment is anticipated to be the biggest type segment of the overall anti-corrosion coating market between 2017 and 2022. Epoxy is the most widely used anti-corrosion coating according to its rising applicability across different end-use markets. Also, the increasing demand for epoxy coatings from the marine and oil & gas sectors is also fueling the rise of the epoxy segment.

"The solvent-borne segment is anticipated to be the most important technology segment of the overall anti-corrosion coating market during the estimate period"

The solvent-borne segment is anticipated to be the biggest technology segment of the overall anti-corrosion coating market between 2017 and 2022. The increase of the solvent-borne technology segment is essentially attributed to the growing demand for solvent-borne coatings from the automotive, infrastructure, and marine markets.

"The marine segment is anticipated to be the most important end-use industry segment of the overall anti-corrosion coating market during the outlook period"

The marine segment is intended to be the biggest end-use industry segment of the overall anti-corrosion coating market between 2017 and 2022. The rising use of anti-corrosion coatings in marine and offshore applications is anticipated to drive the rise of the anti-corrosion coating market. Furthermore, emerging countries including India and China (CN) are witnessing a strong demand for new ships for both, military and commercial purposes, which, in turn, is anticipated to drive the industry demand for anti-corrosion coatings from the marine market.

"Asia-Pac is forecasted to be the quickest developing market for anti-corrosion coating during the estimate period"

The anti-corrosion coating market in the Asia Pacific area is expected to grow at the highest compound annual growth rate (CAGR) during the outlook period. Economic development and substantial investments in industries including oil & gas, infrastructure, and automotive & transportation are top factors fueling the increase of the anti-corrosion coating market in the Asia Pacific area.

Breakdown of profiles of primary Q&A for the market research

• By Company category: Tier 1 - 30.0 percent, Tier 2 - 43.0 percent, and Tier 3 - 27.0 percent

• By Description: C-suite - 21.0 percent, D-level - 23.0 percent, and Others - 56.0 percent

• By Area: North America (NA) - 37.0 percent, EU - 23.0 percent, Asia Pacific (APAC) - 26.0 percent, and rest of the world - 14.0 percent

Key firms decribed in this business report contain AkzoNobel (AKZA), PPG Industries (NYSE:PPG), Axalta Coating Systems Ltd., BASF SE, Sherwin-Williams (NYSE:SHW), Ashland, Hempel A/S, Jotun, RPM International Inc., and Kansai Paint Co., Limited.

Scope of the Report

The overall anti-corrosion coating market has been split on the basis of type, technology, end-use sector, and area. Established on category, the sector has been categorized into epoxy, polyurethane, acrylic, alkyd, zinc, chlorinated rubber, and others. Established on technology, the industry has been categorized into solvent-borne, waterborne, and powder coating. Established on end-user market, the sector has been divided into marine, oil & gas, industrial, infrastructure, power generation, automotive & transportation, and others. Established on area, the overall anti-corrosion coating market has been broken down into Asia Pacific, Europe (EU), North America continent, South America region, and the Middle East (ME) & African continent.

Key Benefits:

This industry report includes the following aspects that will benefit the client:

• Market segmentation on the basis of class, technology, end-use sector, and area

• Market dynamics including drivers, market restraints, alternatives, and opportunities

• Porter's Five Forces Analysis

• Profile of main actors in the overall anti-corrosion coating market

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