Anti-Corrosion Coatings Market to see 5% CAGR till 2025 | Key Players like AkzoNobel, Ashland, Axalta, BASF, Hempel A/S, Jotun, Valspar

Anti-Corrosion Coatings Market boasts of an extensive application landscape encompassing the biomass, oil & gas, nuclear, solar, and hydropower sectors. These coatings find widespread usage in drill bits, oil storage tanks, and drill pipes as they supposedly help prevent the accumulation of rust that occurs as a result of their contact with underground water as well as marshlands.

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In addition, the oil & gas equipment sector, which accumulated a revenue of USD 130 billion in 2010, is projected to hit the revenue margin of USD 278 billion by 2025, which in turn, will push the market trends. The ability of these coatings to provide an aesthetic value to the surface along with their beneficial features such as rust resistance, longevity, and UV resistance will provide numerous opportunities to large scale corporations to exploit the opportunities offered by anti-corrosion coatings market.

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

Asia Pacific anti-corrosion coatings market share is anticipated to register an annual growth rate of 5% over the coming eight years. The growth can be attributed to the expanding construction sector across this region. Additionally, growing popularity of anti-corrosion coatings, lower wages, and rise in shipping activities will further fuel the regional trends. India, China, Hong Kong, Thailand, Japan, Philippines, Singapore, Indonesia, and Korea will be the major revenue pockets of the APAC anti-corrosion coatings industry size.

North America anti-corrosion coatings market, which was estimated at USD 1.5 billion in 2015, is projected to experience a noteworthy surge over the next few years, subject to high government funding across the military sector along with the flourishing oil & gas sector. U.S. anti-corrosion coatings industry is set to record a CAGR of more than 4.5% in the years ahead. Epoxy, chlorinated rubber, polyurethane, zinc, acrylic, and alkyd are the key anti-corrosion coatings products.

Polyurethane anti-corrosion coatings industry, worth USD 3 billion in 2015, is forecast to observe a substantial expansion over the next few years. The growth can be attributed to the product's ability to impart a lustrous appearance to the surface. The thriving polyurethane (PU) market will also contribute to the growth of this product segment.

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Anti-corrosion coatings are extensively used across the transportation, manufacturing, construction, aerospace, oil & gas, infrastructure, chemical, energy, marine, and shipbuilding sectors. Infrastructure sector, which contributed more than USD 2 billion towards anti-corrosion coatings market revenue in 2015, is predicted to boost the business expansion. The development can be credited to government legislations supporting public infrastructural growth along with the escalation in the number of residential and commercial ventures. Anti-corrosion coatings market size in the energy sector is set to register substantial gains of 5% from the period of 2016 to 2025, driven by the product's ability to protect the instruments from corroding.

RPM International Incorporation, AkzoNobel, Hempel Group, Valspar Company, PPG Industries, Valspar Company, Ashland, Axalta Coating Systems, AICA Kogyo Company Limited, Chugoku Marine Paints Limited, BASF SE, Chugoku Marine Paints Limited, PPG Industries, and Nippon Paints are some prominent industry participants in the anti-corrosion coatings market.

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