Anti-Corrosion Coatings Market to hit $20.2bn by 2025 | AkzoNobel, Ashland, Axalta, BASF, Hempel A/S, Jotun, RPM International, PPG Industries, Sherwin-Williams, Valspar

Anti-Corrosion Coatings Market size was more than USD 12 billion in 2015 and is projected to expand at 5% CAGR over the forecast timeframe. Increasing energy demand is analyzed to be the key factor propelling global anti-corrosion coatings market size. These coatings find widespread application in the energy sector including oil & gas, nuclear, biomass, hydro, solar and coal, as it protects the equipment used from extreme climatic circumstances. For example, solar power, an upcoming market in the energy sector is also affected by the ambient air moisture. These coatings have been popular solutions to this weathering effect to protect the expensive equipment Additionally, the global population is estimated to surpass approximately 9 billion by 2040, which will stimulate clean energy demand, ultimately thrusting anti-corrosion coatings market growth.

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Oil & gas industry is noteworthy anti-corrosion coatings market demand contributor, with substantial product use across equipments including drill bits, drill pipes and oil storage tanks, as these equipment’s are exposed to underground water and marshy land. In 2010, oil & gas equipment business was valued at over USD130 billion, anticipated to surpass USD 278 billion over the forecast timeframe. Robust industry growth will positively influence anti-corrosion coating market share. In addition, increasing energy production demand via shale gas, tar sands, oil shale and oil stands will complement business growth.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. AkzoNobel
2. Ashland
3. Axalta
4. BASF
5. Hempel A/S
6. Jotun
7. RPM International
8. Kansai Paint Private Limited
9. PPG Industries
10. Sherwin-Williams
11. Chugoku Marine Paints, Ltd
12. Nippon Paint (Pakistan) (Pvt) Ltd
13. Tnemec Company, Inc.
14. SOKEMA Coating Systems
15. AICA Kogyo
16. AnCatt
17. Valspar

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Global anti-corrosion coatings market size is projected to reach USD 20.21 billion by 2025, with estimated gains at 5% CAGR.

Epoxy anti-corrosion coatings market is projected to expand at over 4.5% over the forecast timeframe. These coatings offer superior abrasion and corrosion resistance from alkali, acids and water.

• Anti-Corrosion Coatings Market By Mode of Application
o Solvent-Based
o Water-Based
o Powder
o Others

• Anti-Corrosion Coatings Market By End Use
o Oil & Gas
o Shipbuilding
o Infrastructure
o Industrial markets
o Energy
o Transport

Browse key industry insights spread across 150 pages with 283 market data tables & 19 figures & charts from the report, “Anti-Corrosion Coatings Market” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/anti-corrosion-coatings-market

Asia Pacific, particularly led by China, India and Japan, anti-corrosion coatings market will experience escalating gains more than 5%. The regional growth was mainly driven by robust growth in construction industry.

As of 2015, the industry remains highly competitive. Ashland, Axalta Coating, Hempel, BASF, AkzoNobel, Jotun, Kansai Paints, PPG Industries and RPM International are some of the substantial revenue contributors.

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