Asia Pacific “Anti-Rust Coating Market” Research Report, Analysis, Market Share, Highest Growth in Coming year, Segmentation and Forecasting - Market Research Future

Anti-Rust Coating Market of Market Overview:

Anti-rust coating is used to prevent corrosion of metals from moisture, humidity, salt spray, and exposure to a variety of environmental or industrial chemicals.

Technologically, the anti-rust coating is manufactured as solvent-based, waterborne, powder coating, and UV cured. Presently, the waterborne coating is the largest segment driving the market growth due to the low emission of VOCs. The powdered coating is an excellent choice due to its zero VOC emission and environmentally friendly nature. It also offers properties such as durability, scratch resistance, resistance to chalking, gloss retention, and improved coating efficiency. Additionally, it qualifies American Architectural Manufacturing Association (AAMA) specifications for an eco-friendly process. Although solvent-based coating offers superior properties such as less drying time and block resistant feature, it has high VOC content. Anti-rust coating market is primarily driven by its application in various end-use industries such as marine, oil & gas, shipbuilding, infrastructure, transportation, aerospace & defense, and others. Offshore and civilian marine industries demand anti-rust coating for shipbuilding and boat repairing due to its cost-effectiveness and superior properties of water and corrosion resistance. Sophisticated drilling, wellhead, and subsea equipment demand anti-rust coating for oil & gas exploration and extraction. The properties such as scratch resistance, glossy appearance, and lesser drying period are extensively required in automotive, infrastructure, and transportation, which is likely to surge the market growth during the forecast period.

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Regional Analysis:

The global anti-rust coating market is segmented into five major regions namely Asia Pacific, North America, Latin America, the Middle East & Africa, and Europe. Asia Pacific is anticipated to dominate the global anti-rust coating market due to the growing industrialization and urbanization. The growing demand from end-use industries such as building & construction, transportation, and automotive is the major driver of the market growth in this region. China holds 60% of the market share in terms of revenue and has the largest building & construction sector. The increase in demand for residential housing by the population is driving the market positively. Following China, India is the second major market in this region, on account of the growing demand for automobiles. Japan, Indonesia, Malaysia, Austria, and Vietnam together hold a significant share of the market in terms of volume. Speaking of the environmental safety, Chinese Government has implemented VOC Control policies all over the country, which has limited the emission of VOC.

North America is projected to showcase a considerable market growth owing to the significant presence of major end-use industries in the U.S. such as automobiles and aerospace & defense.

Latin America is expected to witness significant growth due to the increase in drilling activities of crude oil reserves in Brazil and Venezuela. The subsea drilling machinery consumes a majority of anti-rust coating favoring the market growth.

UAE and Saudi Arabia are the major contributors owing to the presence of abundant oil & gas deposits in the Middle East & African region. The increase in the demand for oil & gas is likely to increase the anti-rust coating market during the review period.

The European market is likely to exhibit a sluggish growth due to the environmental regulations such as European Union Regulations 2012 implementing limitations on VOC emission. Regardless of the regulations, Eastern Europe drives the market due to the industrial and decorative applications.

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Key Players

Some of the prominent manufacturers in the global anti-rust coating market are Akzo Nobel N.V. (Netherlands), PPG Industries, Inc. (U.S.), Axalta Coating Systems Ltd. (U.S.), BASF SE (Germany), The Sherwin-Williams Company (U.S.), Ashland Inc. (U.S.), Kansai Paint Co., Ltd. (Japan), Hempel A/S (Denmark), Nippon Paints Co. Ltd (Japan), Jotun (Norway), RPM International Inc. (U.S.), DowDupont (U.S.), Bluechem (Africa), Chugoku Marine Paints Ltd. (Japan), and Clariant (Switzerland).

Segmentation

The global anti-rust coating market is segmented on the basis of type, technology, end-use industry, and region.

On the basis of the types, the global anti-rust coating market is segmented into epoxy, polyurethane, acrylic, alkyd, zinc, chlorination, and others.
Based on the technology, the global market is categorized into solvent based, waterborne, powder coating, and UV cured.

On the basis of the end-use industries, the global market is segregated into marine, oil & gas, power generation, shipbuilding, infrastructure, transportation, aerospace & defense, and others.

The global anti-coating market is spanned across five key regions namely Asia Pacific, North America, Latin America, the Middle East & Africa, and Europe.

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