Acid Proof Lining Market expected to reach US$ 5,580 Mn & ~ 5.1 % CAGR through 2017-2022
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Thermoplastic Linings will bring in US$ 2.7 Bn in global revenues by 2017-end
Manufacturers of acid proof linings are shifting towards adoption of thermoplastics as these raw materials are easy to shape and can be moulded into all shapes upon application. Likewise, thermoplastic linings can be installed on a variety of surfaces, including metal. Unlike other products available in the global acid proof lining market, these liners hold unique resistivity, one which can endure high temperatures, drastic thermal fluctuations, and mechanical stress. In 2017, the sales of thermoplastic linings is anticipated to rake approx. US$ 2.7 Bn in global revenues.
Changing dynamics of acid proof lining manufacturing
With increasing demand for thermoplastic linings, manufacturers are likely to adopt innovative techniques to facilitate large scale production. Strict emission norms play a governing role on the manufacturing purview of acid proof linings. Solvent-borne form of acid proof linings continue to face the brunt of stringent industrial regulations that constrain the production of chemicals with high VOC emissions. Waterborne acid proof linings, on the other hand, will witness a considerable uptick in adoption owing to their eco-friendly characteristics. Between 2017 and 2022, waterborne acid proof linings sold across the globe will create an absolute dollar opportunity of close to US$ 590 Mn.
Companies namely, Polycorp Ltd., Koch Knight LLC, Jotun A/S, Steuler-KCH GmbH, Axalta Coating Systems Ltd., Hempel A/S, The Sherwin-Williams Company, Ashland Global Holdings Inc., BASF Coatings GmbH, and PPG Industries, Inc. are anticipated to remain active in the global acid proof lining market through 2022. These companies will be focusing on adoption and development of new technologies, which may give rise to innovative lining materials. Strong chemicals used in production of acid proof linings will also keep these players under the close radar of environmental agencies strictly monitoring the contribution of such manufacturers to global industrial waste volumes.
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Additional insights on future of acid proof lining market
The report also forecasts that, During the forecast period, Asia-Pacific excluding Japan (APEJ) region will remain the largest market, and will reach US$ 2 Bn valuation by 2022-end, primarily due to higher contribution in global production of acid proof linings
Europe’s acid proof lining market will expand at a moderate CAGR during this period
Middle East & Africa and North America will record similar and steady growth rates over the forecast period, and will be observed lucrative for sales of acid proof linings
Oil & gas industry will be the most crucial end-user for acid proof linings, revenues from which are expected to touch US$ 800 Mn by the end of forecast period
Acid Proof Linings Market: Manufacturing Prospects
The report has also profiled key players partaking in the expansion of the global market for acid-proof linings during the forecast period. The stringent nature of international standards on acid-proof lining manufacturing is observed to be a key entry barrier for the market. Koch Knight LLC, Polycorp Ltd., Steuler-KCH GmbH, Jotun A/S, Hempel A/S, Axalta Coating Systems Ltd., Ashland Global Holdings Inc.,
The Sherwin-Williams Company, PPG Industries, Inc., and BASF Coatings GmbH are profiled as prominent manufacturers of acid-proof linings in the global market. These companies, as well as new entrants, will be closely monitored by authoritative agencies controlling the input of acid-proof lining manufacturing on global industrial waste.
Segmentation of the global acid-proof lining market on the basis of region, product type, end-use and form-type has been illustrated in the market taxonomy table below.
Ceramic & Carbon Brick Lining
Oil and Gas
Mining & Metallurgy
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