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Anti-corrosion Coatings Market is expected to register a CAGR of 5.20% during the forecast period, 2018 to 2023| Major Vendors – AKZONOBEL N.V., ASHLAND INC., PPG INDUSTRIES INC., RPM INTERNATIONAL INC., NIPPON PAINTS CO. LTD, DOWDUPONT, amongst others.

01-28-2019 07:23 PM CET | Industry, Real Estate & Construction

Press release from: Market Prognosis

Market Analysis:

Asia-Pacific to Dominate the Market
Growing oil & gas reserves in China and India, continued need for maintenance in the transportation industry, and accelerating energy demand in various regions in Asia-Pacific are driving the anti-corrosion coatings market.

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The global shipbuilding industry is expected to register a CAGR of 3% to 5% through the next five years, with Asia-Pacific registering the highest growth. Such development in shipbuilding activities is expected to drive the anti-corrosion coatings market in the marine segment through the forecast period.
Marine is the largest end-user industry, accounting for more than 20% share in the global anti-corrosion coatings market. In 2017, the solvent-borne technology captured the maximum share of the overall market and is expected to witness a moderate growth rate during the forecast period. The demand for solvent-borne is increasing because of its superior blocks resistance features, lesser drying time, and widespread applications.

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Market Segments:
Anti-corrosion Coatings Market is segmented by:
1. Type: Epoxy, Polyurethane, Zinc, Alkyd, Acrylic, Chlorinated Rubber, Others
2. Technology: Solvent-borne, Water-borne, Powder, UV-Cured
3. End User Industry: Marine, Oil & Gas, Power Generation, Industrial, Infrastructure, Transportation, Aerospace & Defense, Others
4. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• October 2017: AkzoNobel revealed that the company is in talks to merge with Axalta Coating Systems
• September 2017: DowDuPont merger was successfully completed
• August 2017: E.ON started using a new environment-friendly anti-corrosion coating to protect its 385 MW Arkona wind farm in the German Baltic Sea

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About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today's complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

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India.
Contact No: +1 973 241 5193
Email: sales@marketprognosis.com

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