Global Anti-Corrosion Coatings Market is projected to be valued $37.6 Billion by 2025; with a CAGR of 5.2% from 2017 to 2025. Anti-Corrosion Coatings are used to make a protective coating on the metal surfaces to prevent them from oxidation, harsh climatic conditions, weathering and a variety of environmental or industrial chemicals. High performance anti-corrosion coatings act as a barrier to prevent the interaction between the corrosive materials or chemical compounds and protect the vessels, components, and the equipment from corroding over time, thus increasing their lifespan and durability. Some of the anti-corrosion coatings like zinc, acrylic, chlorinated rubber, epoxy, alkyd, polyurethane, silicates, and fluorocarbons are widely used for industrial purposes.
Various factors driving the growth of the global anti-corrosion coatings market include up gradation of infrastructure, increasing losses owing to corrosion, and growing end-use industries. Though, environmental regulations might impact the growth of the anti-corrosion coatings market adversely. However, emergent regions and demand about high-efficiency anti-corrosion coatings would offer more growth opportunities for the players of this market over the forecasted years.
The global anti-corrosion coatings market is classified 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.
Geographically, the global anti-corrosion coatings 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.
Major players operating in this market are BASF SE, Hempel A/S, The Sherwin-Williams Company, Axalta Coating Systems, AkzoNobel N.V., PPG Industries, Inc., Ashland Inc., Jotun, Kansai Paint Co., Ltd., and RPM International Inc., among others.
The key takeaways from the report
Scope of the Global Anti-Corrosion Coatings Market
End Use Industry Segments