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Anti-corrosion Coating Market growing at a CAGR of 9.7% from 2016 to 2022 with top key players like 3M Co.,Akzo Nobel N.V.,BASF SE,Hempel A/S,Kansai Paints Co. Ltd.,Nippon Paints Co. Ltd

10-27-2020 11:46 PM CET | Industry, Real Estate & Construction

Press release from: Premium Market Insights

Anti-corrosion Coating Market growing at a CAGR of 9.7% from 2016

The global anticorrosion coatings market was valued at $ 14,276 million in 2015 and is expected to reach $ 26,627 million by 2022, with a CAGR of 9.7% from 2016 to 2022. Corrosion leads to spontaneous reaction between a material and its environment, which in deterioration of the mechanical properties of the material. Corrosion-resistant coatings prevent this deterioration of materials, such as composites, alloys, metals, polymers and ceramics, which occurs due to oxidation, humidity, salt spray, industrial chemicals or exposure to various environmental conditions.

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Key players:

3M Co., Akzo Nobel NV, BASF SE, Hempel A / S, Kansai Paints Co. Ltd., Nippon Paints Co. Ltd., PPG Industries, Inc., The Sherwin-Williams Company, The Dow Chemical Company, Wacker Chemie AG

These coatings have properties such as abrasion resistance, gloss retention and are lightweight, thus improving material life and performance. The use of these coatings results in increased efficiency of industrial operations, reduced costs, conservation of scarce material resources and reduced pollutant emissions. An anti-corrosion coating works by forming a barrier between the substrate material and the environment, inhibiting corrosion processes.

Steel is one of the main raw materials used in the construction and automotive industry. The increased investment in construction activities in emerging economies, such as India, China and Brazil, and the development of the automotive market are driving the growth of the market. Rapid urbanization has transformed these regions into manufacturing centers of chemical plants, petroleum refineries, paper mills and others, which are the main consumers of these coatings.

The use of solvent-based anticorrosion coatings containing other toxic heavy metals has gradually declined over the past decade due to strict environmental regulations from agencies such as the Environmental Protection Agency (EPA) of United States and Europe's Chemical Assessment and Restriction (REACH) Authorization.

Strong energy demand is expected to create new opportunities for anti-corrosion coating manufacturers in the energy sector, including oil and gas, power plants, wind turbines, solar power and others. These coatings protect oil and gas containers, pipes, rotor blades, towers, solar panels and other equipment from extreme environmental conditions.

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What the report includes: -

1.Global analysis of the anti-corrosion coatings market from 2014 to 2022 illustrating the market progression.

2. Anticorrosive Coatings Market Forecast and Analysis by Dosage, Route of Administration and Application from 2014 to 2022.

3.Forecast and analysis of anti-corrosion coatings market in five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South and Central America.

Reason to buy:

Save time and reduce time in entry-level research by identifying growth, size, leading players and segments of the global Anti-Corrosion Coatings Market.
2. Highlights key business priorities to help companies realign their business strategies.
3. The key findings and recommendations highlight crucial progressive industry trends in the Anti-Corrosion Coatings Market, thereby enabling players to develop effective long-term strategies.
4. Develop / modify business expansion plans using substantial growth offering developed and emerging markets.
5. Take an in-depth look at global market trends and prospects, as well as the factors driving the market, as well as those hindering it.
6. Improve decision-making by understanding the strategies that underpin business interest with respect to product, segmentation, and industry verticals.

Sameer Joshi
Call: US: +1-646-491-9876, Apac: +912067274191

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