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Anti-Rust Coating Market: Top Key Player 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.)

Anti-Rust Coating Market Research Report - Forecast to 2023

Anti-Rust Coating Market Research Report - Forecast to 2023

Global Anti-Rust Coating Market: By Type (Epoxy, Polyurethane, Acrylic, Alkyd), Technology (Solvent-Based, Waterborne, Powder Coating, Uv Cured), End-Use Industry (Marine, Oil & Gas, Infrastructure, Transportation, Aerospace & Defense), And Region

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Anti-rust coating is a preventive coating used for protecting metal components against degradation due to moisture, humidity, salt spray, and oxidation to a variety of environmental or industrial chemicals. Anti-rust coating inhibits the contact between chemical compounds or corrosive materials.

The global anti-rust coating market is majorly driven by its growing demand in various sectors such as marine, infrastructure, transportation, aerospace & defense, and others. Among these, the marine is the leading segment due to the high demand for anti-rust coating in shipbuilding and boat repairing. Additionally, the increasing demand for residential construction by the growing population is expected to propel the market growth further. The use of anti-rust coating for durable, scratch resistant, and finished appearance in an automobile is another driver of the market.

The transportation of oil & gas through pipelines increases the demand for anti-rust coating, which is expected to drive the market growth during the review period. The increasing use of anti-rust coating in above mentioned end-use industries coupled with technological advances is likely to propel the market growth during the assessment period 2017-2023. However, fluctuating raw material price and stringent environmental regulations may hamper the market growth over the review period.

Regional Analysis

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

The Asia Pacific is the leading region in the global anti-rust coating due to the increasing demand from end-use industries such as infrastructure, automotive, and transportation. Developing countries such as China, India, Japan, and Indonesia are expected to fuel the market growth on account of modernization of infrastructure, growing demand from end-use industries coupled with growing population. China is the largest market in the regional market, terms of value due to its rapidly growing building and construction industry in this region. China is followed by India, Japan, Thailand, Vietnam, and others due to the huge demand for the product in shipbuilding, marine, infrastructure, and automotive, sectors.

Latin America is expected to showcase positive growth owing to the increasing industrial activities in the marine and oil & gas industries, especially for on & offshore drilling machinery and the presence of a large number of oil deposits in Brazil and Venezuela.

The U.S. is the major contributor to the anti-rust coating market due to its expanding applications in the automotive industries in the North American region.

The Middle East & Africa is projected to witness a considerable market growth on account of the presence of abundant oil & gas reserves and petrochemical resources during the forecast period.

Europe is expected to experience slow growth owing to the stringent environmental regulations. For instance, under Directive 2004/42/CE of the European Parliament on the limitation of emissions of volatile organic compounds due to the use of organic solvents in certain paints and varnishes and vehicle refinishing products. These regulations are cited as European Union (Paints, Varnishes, Vehicle Refinishing Products and Activities) Regulations 2012. Nevertheless, Eastern Europe wherein Russia is the only driver of the anti-rust coating market due to the growing demand from industrial, decorative, and others applications.

Segmentation

The global anti-rust coating market is segmented on the basis of the 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, infrastructure, transportation, aerospace & defense, and others.

Geographically, the global market is segmented into five key regions Asia Pacific, Latin America, North America, the Middle East & Africa, and Europe.

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Key Players

Some of the prominent manufacturers in the global market of anti-rust coating 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).

Intended Audience

Anti-rust coatings Manufacturers
Traders and distributors of Anti-rust coatings
Research and development institutes
Potential investors
Raw material suppliers
Nationalized laboratory

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Market Research Future
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Magarpatta Road, Hadapsar,
Pune - 411028
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