High Performance Anti-corrosion Coatings Market By Product (Epoxy coatings, Acrylic coatings, Urethane coatings, Other Products), End User (Oil & Gas, Marine, Construction, Tanks & Pipes, Power Generation, Other End Users) Forecast 2018 to 2023

Industry Outlook and Trend Analysis
The High Performance Anti-corrosion Coatings Market was worth USD 11.54 billion in 2014 and is expected to reach approximately USD 18.09 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 5.12% during the forecast period. High performance anti-corrosion coatings are propelled materials that are connected on metal and solid segments in different assembling plants that are presented to serious destructive environment. Epoxy coatings, acrylic coatings, and urethane coatings are significant item sections of the worldwide elite hostile to anti-corrosion coatings market. These coatings are extensively devoured in centre businesses. Oil and gas, tanks and pipes, development, marine and power age are significant end-clients of the superior hostile to anti-corrosion coatings market. Oil and gas held the biggest interest for superior hostile to consumption coatings in 2017. In any case, the power age fragment is required to make considerable development open doors for the superior hostile to consumption coatings market amid the conjecture time frame. Utilization of waterborne process innovation is probably going to be one of the potential substitutes for dissolvable borne covering frameworks in the elite hostile to anti-corrosion coatings market by 2023.

Competitive Insights
The leading players in the market are Akzo Nobel N.V., The 3M Company, Chugoku Marine Paints, Ltd., Nippon Paint Co., Ltd., Hempel A/S, Jotun A/S, PPG Industries Inc., and The Sherwin-Williams Company. Many Key players are depending on methods, for example, agreements & joint ventures, collaborations, and advancements to build the visibility of their products and fortify their product portfolios.

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Product Outlook and Trend Analysis
Based on product, the market is fragmented into epoxy coatings, acrylic coatings, urethane coatings, and other products. Epoxy coatings was the biggest portion, representing more than 55% offer of the worldwide elite hostile to high performance anti-corrosion coatings market in 2014. However, acrylic coatings are anticipated to help the market development amid the figure time frame as it is the quickest developing product portion.

End User Outlook and Trend Analysis
Based on end user, the market is fragmented into oil & gas, marine, construction, tanks & pipes, power generation, and other end users. The burgeoning oil and gas penetrating and investigation exercises are driving the worldwide high performance anti-corrosion coatings market. This pattern is particularly articulated in districts that are rich in oil, for example, Southeast Asia, Mexico, and the North Ocean. As these exercises stay on the ascent, they are relied upon to help the interest for repair and upkeep of oil vessels. High performance anti-corrosion coatings are utilized for making a defensive covering on metal surfaces to keep them from brutal climatic conditions and weathering. These coatings likewise secure the vessels, segments, and the gear from eroding after some time, in this way expanding their life expectancy and sturdiness.

Regional Outlook and Trend Analysis
Increment in populace and high disposable income in creating nations, for example, China, India, and nations in ASEAN and GCC are probably going to help the advancement of oil and gas, marine, and power age divisions. This, thus, is required to fuel interest for high performance anti-corrosion coatings attributable to their wide usefulness in these mechanical divisions by 2023. Utilization of high performance anti-corrosion coatings in enter downstream markets in Asia Pacific, particularly in the development of steel and metal foundation for transport, is another main consideration driving interest for high performance anti-corrosion coatings market

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The High Performance Anti-corrosion Coatings Market is region-wise segmented as follows-

High Performance Anti-corrosion Coatings Market By Product
Epoxy coatings
Acrylic coatings
Urethane coatings
Other Products

End User
Oil & Gas
Marine
Construction
Tanks & Pipes
Power Generation
Other

By Global Regions

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