Anti-Corrosion Coatings Market Size to witness steady growth at 5% CAGR during 2025
Category: #business  By Partha Ray  Date: 2019-08-14
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Anti-Corrosion Coatings Market Size to witness steady growth at 5% CAGR during 2025

As per Global Market Insights, Inc., anti-corrosion coatings market is slated to accrue the revenue of USD 20.21 billion by 2025, recording a CAGR of 5% over 2016-2025. Anti-Corrosion Coatings Market boasts of an extensive application landscape encompassing the biomass, oil & gas, nuclear, solar, and hydropower sectors. These coatings find widespread usage in drill bits, oil storage tanks, and drill pipes as they supposedly help prevent the accumulation of rust that occurs as a result of their contact with underground water as well as marshlands. In addition, the oil & gas equipment sector, which accumulated a revenue of USD 130 billion in 2010, is projected to hit the revenue margin of USD 278 billion by 2025, which in turn, will push the market trends. The ability of these coatings to provide an aesthetic value to the surface along with their beneficial features such as rust resistance, longevity, and UV resistance will provide numerous opportunities to large scale corporations to exploit the opportunities offered by anti-corrosion coatings market.

Anti-corrosion coatings are extensively used across the transportation, manufacturing, construction, aerospace, oil & gas, infrastructure, chemical, energy, marine, and shipbuilding sectors. Infrastructure sector, which contributed more than USD 2 billion towards anti-corrosion coatings market revenue in 2015, is predicted to boost the business expansion. The development can be credited to government legislations supporting public infrastructural growth along with the escalation in the number of residential and commercial ventures. Anti-corrosion coatings market size in the energy sector is set to register substantial gains of 5% from the period of 2016 to 2025, driven by the product’s ability to protect the instruments from corroding.

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Anti-corrosion coatings find extensive set of applications across various end-use sectors such as oil & gas, transport, shipbuilding, energy, and infrastructure. Global oil & gas equipment sector is anticipated to reach USD 278 billion by 2025. The expansion of this sector will create a positive roadmap for the anti-corrosion coatings market, owing to its water proofing and corrosion resistance ability in oil storage tanks and in drilling pipes. Anti-corrosion coatings industry share in the energy sector is anticipated to register a CAGR of 5% over the period of 2016-2025.  The ability of these coatings to protect the surface against changing atmospheric conditions will drive its applications across hydropower, coal, biomass, solar power, and nuclear sector.

Shipbuilding is another lucrative application sector in anti-corrosion coatings industry which is predicted to witness a significant surge in the coming seven years. The ability of these coatings to provide corrosion protection, UV stability, anti-static, and durability effect to the ship surface will propel the anti-corrosion coatings market size across marine applications.

Based on the product segment, anti-corrosion market size mainly comprises acrylic, chlorinated rubber, polyurethane, zinc, epoxy, and alkyd. Epoxy anti-corrosion coatings market dominated the product segment in 2015 and is anticipated to grow significantly by recording a rate of 4.5% by 2025, owing to its notable corrosion resistance and excellent abrasive characteristics. Polyurethane based products collected a revenue of USD 3 billion in 2015 and will generate heavy demand over the coming timeline. The features such as broad color, shiny appearance, and anti-corrosive characteristics will fuel the demand for polyurethane anti-corrosion coatings.

North America anti-corrosion coatings market, which was estimated at USD 1.5 billion in 2015, is projected to experience a noteworthy surge over the next few years, subject to high government funding across the military sector along with the flourishing oil & gas sector. U.S. anti-corrosion coatings industry is set to record a CAGR of more than 4.5% in the years ahead.

Browse key industry insights spread across 150 pages with 282 market data tables & 19 figures & charts from the report, “Anti-Corrosion Coatings Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/anti-corrosion-coatings-market

Asia Pacific anti-corrosion coatings market share is anticipated to register an annual growth rate of 5% over the coming eight years. The growth can be attributed to the expanding construction sector across this region. Additionally, growing popularity of anti-corrosion coatings, lower wages, and rise in shipping activities will further fuel the regional trends. India, China, Hong Kong, Thailand, Japan, Philippines, Singapore, Indonesia, and Korea will be the major revenue pockets of the APAC anti-corrosion coatings industry size.

Akzo Nobel N.V., Kansai Paint Company Limited, Nippon Paints Holdings Company Limited, Sokema, Axalta Coating Systems, PPG Industries Incorporation, Ashland Incorporation, Hempel A/S, BASF SE, RPM International Incorporation, The Valspar Corporation, AnCatt Company, The Jotun Group, The Sherwin-Williams Company, AICA Kogyo Company Limited, and Chugoku Marine Paints Limited are the major participants of anti-corrosion coatings industry.

Glimpse of Table of Content (ToC)

Chapter 4.        Anti-Corrosion Coatings Industry Product Insights

4.1.       Global anti-corrosion coatings market share by product, 2015 & 2025

4.2.       Epoxy

4.2.1.    Market estimates and forecast, 2010 - 2025

4.2.2.    Market estimates and forecast, by region, 2010 – 2025

4.3.       Polyurethane

4.3.1.    Market estimates and forecast, 2010 - 2025

4.3.2.    Market estimates and forecast, by region, 2010 – 2025

4.4.       Acrylic

4.4.1.    Market estimates and forecast, 2010 - 2025

4.4.2.    Market estimates and forecast, by region, 2010 – 2025

4.5.       Alkyd

4.5.1.    Market estimates and forecast, 2010 - 2025

4.5.2.    Market estimates and forecast, by region, 2010 – 2025

4.2.       Zinc

4.2.1.    Market estimates and forecast, 2010 - 2025

4.2.2.    Market estimates and forecast, by region, 2010 – 2025

4.6.       Chlorinated Rubber

4.6.1.    Market estimates and forecast, 2010 - 2025

4.6.2.    Market estimates and forecast, by region, 2010 – 2025

4.7.       Others

4.7.1.    Market estimates and forecast, 2010 - 2025

4.7.2.    Market estimates and forecast, by region, 2010 – 2025

Chapter 5.        Anti-corrosion coatings Industry Mode of Application Type Insights

5.1.       Global anti-corrosion coatings market share by mode of application, 2015 & 2025

5.2.       Solvent-Based

5.2.1.    Market estimates and forecast, 2010 - 2025

5.2.2.    Market estimates and forecast, by region, 2010 – 2025

5.3.       Water-Based

5.3.1.    Market estimates and forecast, 2010 - 2025

5.3.2.    Market estimates and forecast, by region, 2010 – 2025

5.4.       Powder

5.4.1.    Market estimates and forecast, 2010 - 2025

5.4.2.    Market estimates and forecast, by region, 2010 – 2025

5.5.       Others

5.5.1.    Market estimates and forecast, 2010 - 2025

5.5.2.    Market estimates and forecast, by region, 2010 – 2025

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/anti-corrosion-coatings-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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