Anti-Corrosion Coatings market is projected to grow at a CAGR of 8.3% upto 2027

The global anti-corrosion coating market size valued at $22.8 billion in 2019, and is projected to reach $41.2 billion by 2027, growing at a CAGR of 8.3% from 2020 to 2027.

Anti-corrosion coatings protect the material from degradation due to physical contact or exposure to air, water, and chemicals. The coating acts as a barrier or sacrificial material. The advantages of corrosion coatings include increased lifespan, and reduced operating costs. It also imparts various beneficial properties such as increased gloss or color appearance, durability, increased hardness, increased durability, and abrasion protection. Corrosion can lead to increased monetary losses in the form of repair costs, cleanup costs and loss of revenue due to non-productive time.

Coherent Market Insights have included a latest addition of global market research report titled Anti-Corrosion Coatings Market to its expansive repository. The report studies primary and secondary research in order to analyze the data effectively.

Top Key Players in Anti-Corrosion Coatings  market: BASF, Ashland Inc., Nippon Paint Co. Ltd., AkzoNobel N.V., Jotun A/S, Axalta Coating System Ltd., The Sherwin-Williams Company, Kansai Paints Co. Ltd., PPG Industries Inc. and Hempel A/S.

The scope of the Report:

The report segments the global Anti-Corrosion Coatings Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the global Anti-Corrosion Coatings Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.

Anti-Corrosion Coatings Market Outlook

Asia Pacific is the largest and fastest-growing market owing to growth of various end use industries. This is a result of increasing middle class population in the major markets of India, China, Indonesia and ASEAN countries. A rise in disposable incomes has increased demand for goods and population has driven new projects and modernization of existing infrastructure. Increasing energy production (renewables and non-renewables) to achieve self-sufficiency and water transportation to densely populated urban areas is driving anti-corrosion coating market in this region.

Key takeaways of the market

• In October 2019, AkzoNobel launched its new Interpon Redox range to offer a simple route of corrosion protection to its consumer. It covers broad range of substrates, surfaces & environment which can simplify the procedure of selecting best coating system for corrosion protection.
• In October 2019, Alltimes Coatings Limited in association with Applied Graphene Materials launched its advantage graphene liquid coating roofing system which offer an enhanced anti-corrosion performance for industrial & commercial roofs.
• In June 2019, Greenkote PLC launched its new anti-corrosion coating facility named Elettroplast S.r.l. in Italy. This new facility will offer anti-corrosion coating systems to the iron, steel & rubber industries across Italy & Rest of Europe. In addition to this, Elettroplast S.r.l. will offer equipment’s required for coating companies who wish to add Greenkote processes to their own facilities.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com 

The global anti-corrosion coating market size valued at $22.8 billion in 2019, and is projected to reach $41.2 billion by 2027, growing at a CAGR of 8.3% from 2020 to 2027.

Anti-corrosion coatings protect the material from degradation due to physical contact or exposure to air, water, and chemicals. The coating acts as a barrier or sacrificial material. The advantages of corrosion coatings include increased lifespan, and reduced operating costs. It also imparts various beneficial properties such as increased gloss or color appearance, durability, increased hardness, increased durability, and abrasion protection. Corrosion can lead to increased monetary losses in the form of repair costs, cleanup costs and loss of revenue due to non-productive time.

Coherent Market Insights have included a latest addition of global market research report titled Anti-Corrosion Coatings Market to its expansive repository. The report studies primary and secondary research in order to analyze the data effectively.

Top Key Players in Anti-Corrosion Coatings  market: BASF, Ashland Inc., Nippon Paint Co. Ltd., AkzoNobel N.V., Jotun A/S, Axalta Coating System Ltd., The Sherwin-Williams Company, Kansai Paints Co. Ltd., PPG Industries Inc. and Hempel A/S.

The scope of the Report:

The report segments the global Anti-Corrosion Coatings Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the global Anti-Corrosion Coatings Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.

Anti-Corrosion Coatings Market Outlook

Asia Pacific is the largest and fastest-growing market owing to growth of various end use industries. This is a result of increasing middle class population in the major markets of India, China, Indonesia and ASEAN countries. A rise in disposable incomes has increased demand for goods and population has driven new projects and modernization of existing infrastructure. Increasing energy production (renewables and non-renewables) to achieve self-sufficiency and water transportation to densely populated urban areas is driving anti-corrosion coating market in this region.

Key takeaways of the market

• In October 2019, AkzoNobel launched its new Interpon Redox range to offer a simple route of corrosion protection to its consumer. It covers broad range of substrates, surfaces & environment which can simplify the procedure of selecting best coating system for corrosion protection.
• In October 2019, Alltimes Coatings Limited in association with Applied Graphene Materials launched its advantage graphene liquid coating roofing system which offer an enhanced anti-corrosion performance for industrial & commercial roofs.
• In June 2019, Greenkote PLC launched its new anti-corrosion coating facility named Elettroplast S.r.l. in Italy. This new facility will offer anti-corrosion coating systems to the iron, steel & rubber industries across Italy & Rest of Europe. In addition to this, Elettroplast S.r.l. will offer equipment’s required for coating companies who wish to add Greenkote processes to their own facilities.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com