Anti-corrosion Coating Market 2020 Trends Share, Industrial Size, Opportunities, Analysis and Forecast To 2028

Anti-Corrosion Coating Market to grow significantly at a CAGR of XX % by 2028

According to the latest report, global anti-corrosion coatings market has been witnessing a positive growth owing to increasing interest to protect the surface of material against exposure to chemicals, water, and air. Increasing investment in infrastructure mainly across the developing and emerging economies has been a dominant factor driving demand for anticorrosion coatings. Steel is among major raw materials employed in the infrastructure segment.

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What are anti-corrosion coatings and what are their applications?

Anti-corrosion coatings are coatings applied on a surface to prevent it from corrosion. Corrosion is one of the key factors impacting the life of materials or metals that operate in extreme conditions of temperature and pressure. Heavy metals such as zinc and titanium are among major raw materials employed in the production of anticorrosion coatings. Corrosion can cause serious damage to materials that operate in these conditions. Building & construction is the most dominant application segment for anticorrosion coatings and this trend is anticipated to continue during the forecast period. Anti-corrosion coatings act as a barrier between the material surface and the surrounding environment. Major anti-corrosion types include epoxy, polyurethane, acrylic, alkyd, zinc, chlorinated rubber, and others used in various end-use industries.

Anticorrosion coatings market is driven by innovation and major players compete by increasing their research and development activities to meet the dynamic demand of end consumers. Major end users of anti-corrosion coatings include marine, industrial, automotive & transportation, energy & power, construction & infrastructure, oil & gas, etc. The market is fragmented and major portion of the global market share is constituted by regional players. Marine is one of the major end users of anti-corrosion coatings due to their application in marine vessels, ships, boats, naval ships, and others. These industries are expected to show a uniform demand during the forecast period. Therefore the market is characterized by high price sensitivity. Moreover, low capital investment has increased the threat of new entrants mainly in the emerging and developing economies. Major factors impacting the growth of the anti-corrosion coatings market include growing demand for improving material resistance against corrosion, increasing complex constructions in extreme environmental conditions, and others.

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The upcoming report from Quince Market Insights focuses on these key impact factors influencing the market along with identifying major segments, and companies operating in the market. The study is designed to provide a holistic view with a broad scope covering every possible segment influencing the demand of global metering pump market.

Companies Covered: BASF SE, Axalta Coating Systems, RPM International, Kansai Paint Co, Ltd., Hempel A/S, Jotun, Ashland Inc., PPG Industries, Inc., Akzonobel N.V., The Sherwin-Williams Company, Nycote Laboratories, Inc., Diamond Vogel, Nippon Paint Co., Ltd, DowDuPont Inc., 3M, and Bluechem Group...

Market Segmentation:

By Coating Type:
o Epoxy
o Polyurethane
o Acrylic
o Alkyd
o Zinc
o Chlorinated Rubber
o Others

By Coating Technology:
o Solvent-Borne
o Water-Borne
o Powder-Based

By End-Use Industry:
o Marine (Commercial, Defense, Others)
o Oil & Gas (Upstream, Midstream, Downstream)
o Industrial (Process Industries, Others)
o Construction & Infrastructure
o Energy & Power (Power Generation, Storage, Others)
o Automotive & Transportation
o Others

By Region:
o North America
o By Country (US, Canada, Mexico)
o By Coating Type
o By Coating Technology
o By End-Use Industry

o Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Europe)
o By Coating Type
o By Coating Technology
o By End-Use Industry

o Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Coating Type
o By Coating Technology
o By End-Use Industry

o Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Coating Type
o By Coating Technology
o By End-Use Industry

o Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Coating Type
o By Coating Technology
o By End-Use Industry

o Rest of the World
o By Region (South America, Africa)
o By Coating Type
o By Coating Technology
o By End-Use Industry

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Office No- A109
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This release was published on openPR.