openPR Logo
Press release

Asia Pacific Anti-Corrosion Coatings market latest trends & forecast to 2027 With Top Key Players are RPM International, Jotun, Hempel, BASF, Axalta Coating, Ashland, and Akzonobel

Asia Pacific Anti-Corrosion Coatings market latest trends &

As per Global Market Insights, Inc. estimates, the global anti-corrosion coatings market is expected to register revenue of more than $20 billion by 2027. Mounting adoption of acrylic coatings in architectural & transportation industries will serve as a key trend for market expansion.
From a regional perspective, the Asia Pacific anti-corrosion coatings market accounted for nearly 50% market share in 2020 and will depict over 4.8% CAGR through 2027, which can be credited to the increasing spending of the regional manufacturers in expanding their geographical footprint and sustain a significant share. For example, in January 2021, Japan-based Kansai Nerolac announced plans to invest Tk 16 crore in Kansai Nerolac Paints Bangladesh, its subsidiary, to boost its business and hold a considerable share in the growing South Asian market.
Rapid transformation in the energy system and infrastructure worldwide is anticipated to stimulate the global anti-corrosion coatings market share over the projected timeframe. The industry is highly fragmented in nature due to the presence of multiple domestic as well as international manufacturers of anti-corrosive coatings. Increased spending in infrastructural developments, alongside the deployment of different anti-corrosion coating types like epoxy, will further contribute to the rising market popularity in years ahead.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/808

In the wake of the COVID-19 outbreak, there have been significant disruptions in the production and consumption of metal, especially steel, leading to the significant slowdown of the anti-corrosion protective coatings business.

The metal industry is, however, placing strong emphasis on monitoring and forecasting the product demand from the end users, which include the automotive and oil & gas industries. These factors will expand the metal industry scope and subsequently add impetus to the anti-corrosion coatings demand over the forecast spell.
On the basis of product, the industry share from acrylic segment is poised to depict nearly 4.6% CAGR through 2027. Acrylic coating resins have excellent color and gloss retention capabilities, along with the increased durability and adhesion to a wide range of substrates. Rising product applications in architectural, industrial, and transportation industries as well as the high weathering and chemical resistance of solvent-based acrylic coatings are likely to amplify segmental growth in years to come.

The alkyd product segment is set to exhibit a CAGR of nearly 4% through 2027. This is a result of its widespread adoption in manufacturing coatings that have weathering properties and synthetic coatings, owing to its low costs and versatility. The segmental expansion will also be impelled by the accelerating product demand for transportation and marine applications. On the other hand, the zinc segment accounted for over 6% of the anti-corrosion coatings market share in 2020.

Browse complete summary of this research report @ https://www.gminsights.com/industry-analysis/anti-corrosion-coatings-market

With regards to the mode of application, the powder segment is anticipated to register revenue worth around $800 million by 2027, which is attributable to its capability to ensure smooth operation of equipment, coupled with the adoption of powder coating technology as a sustainable option in several industrial coating applications. The segmental growth can further be boosted by the mounting penetration of construction and manufacturing companies.
Considering the end-use, the transport segment held over 11% of the anti-corrosion coatings market share in 2020 and is expected to expand at a CAGR of nearly 4.1% through 2027.

Key anti-corrosion coatings industry participants include Akzonobel, Ashland, Kansai Paints, Axalta Coating, Hempel, Jotun, RPM International, BASF, PPG Industries, The Sherwin-Williams Company, Chugoku Marine Paints, Tnemec, Nippon Paints, and Valspar, among others. These companies are incorporating strategies such as M&A to hold a prominent position in the global market. To illustrate, PPG industries, in January 2020, acquired Industria Chimica Reggiana SpA to boost its industrial & automotive coating businesses.
The global anti-corrosion coatings market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Million Square Meters & revenue in USD million from 2017 to 2027 for the following segments:

By Product
• Epoxy
• Polyurethane
• Acrylic
• Alkyd
• Zinc
• Chlorinated rubber
• Others

Get More News:
https://www.globenewswire.com/news-release/2020/05/07/2029160/0/en/Caustic-Soda-Market-valuation-to-exceed-32-06-billion-by-2026-Says-Global-Market-Insights-Inc.html

https://www.prnewswire.com/news-releases/biopesticides-market-slated-to-surpass-3-3-billion-valuation-by-2026--says-global-market-insights-inc-301051558.html

https://www.globenewswire.com/news-release/2020/04/15/2016393/0/en/Latin-America-Cosmetic-Preservatives-Market-to-surpass-a-valuation-of-130-million-by-2026-says-Global-Market-Insights-Inc.html

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Asia Pacific Anti-Corrosion Coatings market latest trends & forecast to 2027 With Top Key Players are RPM International, Jotun, Hempel, BASF, Axalta Coating, Ashland, and Akzonobel here

News-ID: 2290480 • Views: 499

More Releases from Global Market Insights Inc.

Latest Research Report On Agricultural Adjuvants Market 2021. Major Players Incl …
The agricultural adjuvants market is expected to observe noteworthy growth on account of increasing demand for high-quality crops. Adjuvants commonly act as an additive in pesticides that increase its effectiveness and smoothen its mixing application. The demand for plant protection products in countries like Bangladesh, India, and Vietnam has surged considerably in recent years. Ever-increasing population across developing economies has forced farmers to produce large quantities of high-quality yields. Citing
U.S. Minoxidil Market 2021 Growth Opportunities and Competitive Landscape 2027 - …
The U.S. minoxidil industry has been impacted by the COVID-19 pandemic in the form of increased stress amid job losses and health issues, creating rising incidences of hair fall and associated problems. The industry is expected to gain commendable proceeds on account of an upsurge in research studies concerned with the effectiveness of minoxidil. Citing one such instance, in January 2021, a study published in the Dermatologic Therapy supported the efficacy
Global Sulfosuccinate Market 2021 Future Growth With Technology and Current Tren …
Owing to these factors, estimates have revealed that the global sulfosuccinate market size will exceed USD 475.7 million in annual estimation by 2024. Increasing adoption of high-performance materials that meet application-specific requirements across various industries, including pharmaceuticals will stimulate the need for sulfosuccinate compounds. The surging disposable incomes of consumers mainly across the developing nations have also fueled their spending capacities on household and personal care. Sulfosuccinates are mainly a mild type
By 2026, Graphene Market will register over 35% CAGR | Applied Nanotech, Inc, an …
The global Graphene Market is slated to gain significant momentum over the forthcoming years, as a result of the growing product consumption in the electronics sector, particularly in developing countries. This high consumption can be attributed to its superior qualities such as high electrical conductivity, durability, and toughness. Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/233 Top Key Players in The Market are: Graphenea S.A., Applied Graphene Materials plc, ACS

All 5 Releases


More Releases for Asia

Asia IVD Market
According to a new report published by Allied Market Research, the Asia Pacific In-vitro diagnostics market was valued at $12.9 billion in 2015, and is expected to reach $19.0 billion registering a CAGR of 5.6% during 2016 to 2022. The report offers a detailed analysis of the key segments, top investment pockets, changing dynamics, market size & estimations, and competitive scenario. Download Free Sample Report @ https://www.alliedmarketresearch.com/request-sample/1256 The Asia-Pacific IVD market is
RAMPF Korea – Producing in Asia for Asia
Joint Venture for the Asian markets – The international RAMPF Group has realigned the cooperation with its long-standing partner Orient Dosiertechnik from Korea with the founding of RAMPF Korea Co., Ltd. The new company based in Hwaseong City is developing and producing mixing and dispensing systems specifically for the Asian markets. Within the framework of the new joint venture based in Hwaseong City, mixing and dispensing systems are being developed and
LIXIL Asia Presents Asia Pacific Property Awards
Through its power brands GROHE and American Standard, LIXIL Asia signs a three-year deal to become the Headline Sponsor of the Asia Pacific Property Awards from 2019 until 2022. 23rd January 2019: The International Property Awards, first established in 1993, are open to residential and commercial property professionals from around the globe. They celebrate the highest levels of achievement by companies operating within the architecture, interior design, real estate and property
MES: Expansion in Asia
Berlin, November 24, 2014: Model Engineering Solutions (MES), the Berlin-based specialist for model-based software development, has significantly expanded its business in Asia. In recent years, MES has built up a network of local partners in Japan, Korea, China, and India in order to benefit from the growing market and increasing interest in model-based development and ISO 26262 in Asia. Asia: Driving force in the automotive industry The automotive industry continues
Undersea Defence Technology Asia, UDT Asia 2011
Latest Military Diving Technologies featured in UDT Asia Equipping Asia’s navies with the latest diving technology for asymmetric warfare and operations SINGAPORE, 17 October 2011 - Naval diving and underwater special operations is a field that is seeing increased attention and investment amongst navies in Asia. Units such as the Indonesian Navy‟s KOPASKA, the Republic of Singapore Navy‟s Naval Diving Unit (NDU), the Royal Malaysian Navy‟s PASKAL are increasingly utilising specialised equipment for conducting
UDT Asia 2011
Clarion Events hosts the Undersea Defence Technology (UDT) Asia 2011 conference and exhibition to bring senior naval and industry personnel together to cover underwater developments in the region Singapore, May 30 – Clarion Events is hosting UDT Asia on 30 November – 1 December 2011. The event brings together the undersea defence community in Asia, featuring top regional naval speakers, who will be addressing the latest underwater requirements for Asian navies. According