Global Anti-Corrosion Coatings Market is Estimated to Reach $37.6 Billion by 2025, Says Accurize Market Research
Global Anti-Corrosion Coatings Market report published by Accurize Market Research forecast that the global market is expected to reach $37.6 billion by 2025; growing at a CAGR of 5.2% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Up gradation of infrastructure, increasing losses owing to corrosion, and rising end-use industries across the globe to drive the market
Up gradation of infrastructure, increasing losses owing to corrosion, and rising end-use industries fuelsthe demand for the global anti-corrosion coatings market. Furthermore, emergent regions and demand about high-productivity anti-corrosion coatings also boost the growth of the market.
Market Segmentation
The global anti-corrosion coatings market has been bifurcated on the basis of type, technology, end use industry, and geography. The anti-corrosion coatings market is segmented by type into polyurethane, epoxy, acrylic, alkyd, chlorinated rubber, zinc, and other types. Technology is further segmented into waterborne, solvent-borne, and powder coating. Further, the market is segmented by end use industry as oil & gas, marine, industrial, infrastructure, automotive & transportation, power generation, and other end use industries.
By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). North America is further bifurcated into U.S., Canada, and Mexico whereas Europe segment consist of UK, Russia, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
Top players in the market
The key market players include BASF SE, Hempel A/S, Axalta Coating Systems, AkzoNobel N.V., PPG Industries, Inc., Ashland Inc., The Sherwin-Williams Company, Jotun, Kansai Paint Co. Ltd., and RPM International Inc., among others.
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