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Anti-corrosion Coatings Market | Exclusive Report on the Latest Trends and Opportunities in the Market | Grand View Research, Inc.

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Anti-corrosion Coatings Market | Exclusive Report on the Latest Trends and Opportunities in the Market | Grand View Research, Inc.

September 15
09:24 2021
Anti-corrosion Coatings Market | Exclusive Report on the Latest Trends and Opportunities in the Market | Grand View Research, Inc.
“Grand View Research, Inc. – Market Research And Consulting.”
According to a new report published by Grand View Research, the rising demand for thin-walled durable metallic components in the manufacturing of lightweight products, which are used in various industries including building & construction, automotive, marine, and oil & gas is expected to propel the market growth from 2020-2027

The global anti-corrosion coatings market size is anticipated to reach USD 38.6 billion by 2027, according to a new report by Grand View Research, Inc., growing at a CAGR of 4.6% over the forecast period. Rising demand for anti-corrosion coatings in industries, such as oil & gas, building & construction, and marine, is expected to drive the market over the forecast period. The primary purpose of the anti-corrosion coating is to protect the metal substrates from environmental exposures, such as humidity, moisture, and oxidation.

These coatings act as a barrier to prevent the interaction between the corrosive materials, compounds, chemicals from the metal surfaces. In addition, these coatings enhance the surface finish of the metallic components. The rising demand for sustainable and durable metallic products, especially in the oil & gas and building & construction industries, is expected to drive the product demand over the forecast period. The Asia Pacific is anticipated to be the largest regional market over the forecast period.

This is owing to various factors, such as government initiatives like Make in India, construction of a silk route project connecting Xian, China to Trieste, Italy through both road and marine transportation. In addition, various companies in clean energy production and aerospace are planning to establish manufacturing facilities in India post COVID-19 pandemic, which will support market growth. With the rising number of building & construction projects in North America, particularly in the U.S., demand for electric automotive, and R&D investments for developing advanced, environmentally-friendly anti-corrosion coatings will boost the market growth in North America.

Browse full report with Table of Content @ https://www.grandviewresearch.com/industry-analysis/anti-corrosion-coatings-market

Anti-corrosion Coatings Market Report Highlights

• The global market was valued at USD 27.2 million in 2019 and is estimated to register a CAGR of 4.6% from 2020 to 2027

• The marine application segment is expected to witness the fastest CAGR of 5.3% over the forecast period in terms of revenue

• The high CAGR is attributed to the rising spending on navy defense infrastructure across developed and developing countries and rising cross border trade through marine transportation

• The oil & gas application segment accounted for the largest share of over 36% in 2019 and will retain the dominant position throughout the forecast years

• This is credited to rising product demand in the oil & gas sector due to the presence of Sulphur in the crude oil, which causes corrosion in pipelines, vessels, and containers

• The Asia Pacific accounted for the maximum market share of over 36% in 2019. India, in particular, is estimated to witness the fastest CAGR 5.8% from 2020 to 2027

For Requesting a Sample Copy of This Report, Please Visit @ https://www.grandviewresearch.com/industry-analysis/anti-corrosion-coatings-market/request/rs1

Anti-corrosion Coatings Market Segmentation

Grand View Research has segmented the global anti-corrosion coatings market on the basis of technology, material, application, and region:

Anti-corrosion Coatings Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)     

    • Solvent-based                                      

    • Water-based                          

    • Powder

    • Others     

Anti-corrosion Coatings Material Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)

    • Acrylic

    • Alkyd

    • Polyurethane

    • Epoxy

    • Zinc

Anti-corrosion Coatings Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)      

    • Oil & Gas

    • Marine

    • Building & Construction

    • Automotive & Rail      

    • Aerospace and Defense

    • Others

Anti-corrosion Coatings Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)          

     • North America       

        • U.S.

        • Mexico

        • Canada

     • Europe

        • Germany

        • U.K.

        • France

        • Italy

     • Asia Pacific

        • China

        • India

        • Japan

     • Southeast Asia

        • Malaysia

        • Indonesia

        • Thailand

     • Central & South America

        • Brazil

     • Middle East & Africa

        • Saudi Arabia

List of Key Players of Anti-corrosion Coatings Market                                                        

    • Akzo Nobel N.V.

    • Ashland

    • Axalta Coating Systems, LLC

    • BASF SE   

    • Hempel A/S

    • Jotun

    • Kansai Paint Co., Ltd.

    • PPG Industries, Inc.    

    • RPM INTERNATIONAL INC.

    • The Sherwin-Williams Company

Inquire more or share questions if any before the purchase on this report @ https://www.grandviewresearch.com/inquiry/450900/ibb

Browse More Related Report:

Automotive Coatings Market Analysis By Product (Primer, Electrocoat, Basecoat, Clearcoat), By Technology (Waterborne, Solventborne, Powder Coating, UV-Cured), By Application (Metal, Plastic), By End-Use, And Segment Forecasts, 2018 – 2025

About Grand View Research

Grand View Research is a market research and consulting company based in the State of California with headquarters in San Francisco. The company offers consulting services tailored for business organizations to assist them with understanding and exploring their potential on a large scale. At the same time, Grand View Research caters to the individual research needs to provide a customized research service.

Grand View Research is fully committed to offer the best research services in the Industry. Our dedicated team of experienced analysts offer full capability and potential to precisely understand your research needs. 

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Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/anti-corrosion-coatings-market

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