Anti-Corrosion Coating Market: AkzoNobel N.V. (Netherlands), PPG Industries, Inc. (US), Axalta Coating Systems Ltd. (US), BASF SE (Germany)
The global anti-corrosion coating market is estimated to be USD 24.84 billion in 2017 and is projected to reach USD 31.73 billion by 2022, at a CAGR of 5.0% from 2017 to 2022. This market has been segmented on the basis of type, technology, end-use industry, and region. New product launches and expansions are key growth strategies adopted by leading players to strengthen their positions in the global anti-corrosion coating market. The maximum number of strategic developments between 2014 and 2017 took place in North America, followed by Europe and Asia Pacific.
Download FREE PDF Sample Report at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=155215822
Key players operating in the global anti-corrosion coating market are AkzoNobel N.V. (Netherlands), PPG Industries, Inc. (US), Axalta Coating Systems Ltd. (US), BASF SE (Germany), The Sherwin-Williams Company (US), Ashland Inc. (US), Hempel A/S (Denmark), Jotun (Norway), RPM International Inc. (US), and Kansai Paint Co., Ltd. (Japan).
PPG Industries, Inc. is a key player in the global anti-corrosion coating market. The company has been focusing on new product launches and expansions as a part of its strategic development activities. The company offers anti-corrosion coating products based on epoxy, zinc, alkyd, and acrylic. It is also involved in R&D activities to develop high-performance coatings for various applications. For instance, in May 2014, the company launched MBE-200 2.1 VOC Epoxy Primer, which is the latest version of premium commercial performance coatings. In January 2017, the company expanded its high-performance waterborne and high-solids coatings production line in the Anhui Province, China. This development strategy helped the company expand its automotive coatings business in China.
Request for Sample of this Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=155215822
AkzoNobel N.V. is another key manufacturer of anti-corrosion coatings. The company has been focusing on new product launches to strengthen its market position. The product portfolio of the company includes anti-corrosion coatings based on epoxy, acrylic, alkyd, and polyurethane. For instance, in July 2017, the company launched a new multi-purpose Interstores Alkyd Primer that is used in the marine industry. This development strategy helped the company widen its customer base and enhance its market share.
Rising losses due to corrosion are one of the most significant factors anticipated to drive the growth of the global anti-corrosion coating market
The global anti-corrosion coating market is estimated to be USD 24.84 billion in 2017 and is projected to reach USD 31.73 billion by 2022, at a CAGR of 5.0% from 2017 to 2022. The market has been segmented on the basis of type, technology, end-use industry, and region.
The acrylic segment is anticipated to be the fastest-growing type segment of the global anti-corrosion coating market. This growth can be attributed to the increasing demand for acrylic coatings from various end-use industries, such as industrial, infrastructure, and automotive & transportation.
Based on technology, the waterborne technology is projected to grow at the highest CAGR during the forecast period. The eco-friendly nature of waterborne anti-corrosion coatings has contributed to the growing demand for these coatings from industrial and infrastructure industries, thereby influencing the growth of the waterborne technology segment.
The power generation segment is projected to be the fastest-growing end-use industry segment of the global anti-corrosion coating market. This growth can be attributed to the high demand for anti-corrosion coatings from coal-fired power plants as well as solar and wind energy power plants.
The anti-corrosion coating market in the Asia Pacific region is anticipated to grow at the highest CAGR from 2017 to 2022, owing to the increasing demand for anti-corrosion coatings from the power generation and automotive & transportation industries in this region. In addition, the rising demand for epoxy anti-corrosion coatings across various end-use industries has further provided lucrative growth opportunities to manufacturers of anti-corrosion coatings in the Asia Pacific region.
Key players operating in the global anti-corrosion coating market include AkzoNobel N.V. (Netherlands), PPG Industries, Inc. (US), Axalta Coating Systems Ltd. (US), BASF SE (Germany), The Sherwin-Williams Company (US), Ashland Inc. (US), Hempel A/S (Denmark), Jotun (Norway), RPM International Inc. (US), and Kansai Paint Co., Ltd. (Japan). Most of these companies have adopted new product launches and expansions as key growth strategies to strengthen their presence in the global anti-corrosion coating market. Furthermore, the demand for anti-corrosion coatings from various end-use industries has propelled R&D activities for the development of advanced anti-corrosion coatings, thereby providing new growth avenues for anti-corrosion coating manufacturers.
Read More Context at https://www.marketsandmarkets.com/Market-Reports/anti-corrosion-coating-market-155215822.html
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
630 Dundee Road
Northbrook, IL 60062
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Anti-Corrosion Coating Market: AkzoNobel N.V. (Netherlands), PPG Industries, Inc. (US), Axalta Coating Systems Ltd. (US), BASF SE (Germany) here
News-ID: 1375864 • Views: 527
More Releases from MarketsandMarkets Chemical
Network Devices Market Set to Grow at the Fastest Rate- Time to Grow your Revenu …
The network devices market is expected to grow from USD 26.4 billion in 2022 to USD 36.4 billion by 2027, at a CAGR of 6.6% during the forecast period. Organizations globally are implementing technologically advanced applications through digital transformation across their verticals, thus raising the requirement for fast wireless network connectivity, including WiFi 6, WiFi 6E and 5G. The number of internet users around the world is also rapidly increasing
Chromatography Resin Industry worth $3.8 billion by 2027 | Key players Bio-Rad L …
According to recent market research "Chromatography Resin Market by Type, Technique (Ion Exchange, Affinity, Hydrophobic Interaction, Size Exclusion, Mixed Mode), Application (Pharmaceutical & Biotechnology, Food & Beverage) and Region - Global Forecasts to 2027", The global chromatography resin market will grow to USD 3.8 billion by 2027, at a CAGR of 8.0% from USD 2.6 billion in 2022. This growth is primarily triggered by the increasing demand for therapeutic antibodies.
Fatty Alcohols Market worth $7.0 billion by 2025 | Key Players include The Wilma …
According to recent market research "Fatty Alcohols Market by Type (Short Chain, Pure and Mid Cut, Long Chain, Higher Chain), Application (Industrial & Domestic Cleaning, Personal Care, Plasticizers, Lubricants, Food & Nutrition), and by Region - Global Forecast to 2025", The global fatty alcohols market size is expected to grow from USD 5.4 billion in 2020 to USD 7.0 billion by 2025, at a CAGR of 5.2%, during the forecast
Scenarios of impact of Coronavirus on Controlled-release Fertilizers Market
The ongoing COVID-19 pandemic--and the worldwide reaction to it--has compelled companies to radically rethink their strategies and the way they operate. We salute the industry experts helping companies survive and sustain in this pandemic. At MarketsandMarkets(TM), analysts are undertaking continuous efforts to provide analysis of the COVID-19 impact on the Controlled-release Fertilizers Market. We are working diligently to help companies take rapid decisions by studying: 1. The impact of COVID-19 on the
More Releases for AkzoNobel
Global Electrically Conductive Coatings Market 2021 Growth Opportunities and Com …
Global Electrically Conductive Coatings Market Growth 2021-2026 offers a complete research study of the market that includes accurate forecasts and analysis at global, regional, and country levels. It provides a comprehensive view of the global Electrically Conductive Coatings market and detailed value chain analysis. The report offers a deep segmental analysis of the market where key product and application segments are shed light upon. Readers are provided with actual market
Coating Additives Market by Top Competitors ALTANA, allnex group, AkzoNobel N.V, …
Coating Additives Market report provides an outlook for current market value as well as the expected growth of Coating Additives Market during 2018-2025. The whole supply chain of Coating Additives Market has been explained with statistical details with a special emphasis on various upstream and downstream components. The current trends pertaining to the demand, supply, and sales of Coating Additives Market, together with the recent developments have been given here
Troy Corporation ThorGmbh Lanxess Clariant BASF AkzoNobel
Global Microbial Control market size will increase to Million US$ by 2025, from Million US$ in 2017, at a CAGR of during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Microbial Control. This report researches the worldwide Microbial Control market size (value, capacity, production and consumption) in key regions like North
Global Diethylzinc Market 2018 - AkzoNobel, Chemtura Corporation, Albemarle
Apex Market Reports, recently published a detailed market research study focused on the "Diethylzinc Market" across the global, regional and country level. The report provides 360° analysis of "Diethylzinc Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Diethylzinc industry, and estimates the future trend of Diethylzinc market on the basis of
EMEA Rubber Additives Market 2018 - AkzoNobel, Sunsine, Agrofert
The EMEA Rubber Additives market 2018 delivers detailed prognosis on current and forecast market situation of Rubber Additives market in the assessment period, 2018-2025 based on the market’s growth history, sales channel, and manufacturers in the Rubber Additives industry. The report also reveals market share of product type, application and scope in detail. The Rubber Additives report also consists of key drivers and limiting factors affecting the market growth, change
Global Coiling Coatings Sales Market 2017 - PPG Industries, AkzoNobel, Valspar, …
The report studies Coiling Coatings Sales in Global market Professional Survey 2017 : Size, Share, Trends, Industry Growth, Opportunity, Application, Production, Segmentation, Cost Structure, Company Profile, Product Picture and Specifications during the Forecast period by 2022 Global Coiling Coatings Sales Industry is an in-depth report that offers a unique mix of specialist industry knowledge and the region-wise research expertise. The report delivers the market size and the trends for each sector. The