Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market 2022 | Detailed Report

Global Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market 2022-2027, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team.

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The CUI & SOI coatings market is projected to grow from USD 1.9 billion in 2022 to USD 2.3 billion by 2027, at a CAGR of 4.7%, between 2022 and 2027.

The report provides a comprehensive analysis of company profiles listed below:
• Akzo Nobel N.V. (Netherlands)
• PPG Industries Inc. (US)
• Jotun A/S (Norway)
• The Sherwin-Williams Company (US)
• Hempel A/S (Denmark)
• Kansai Paint Co. Ltd (Japan)
• Nippon Paint Co. Ltd. (Japan)
• RPM International Inc (US)

"The CUI & SOI coatings market in the oil & gas, and petrochemical end-use industry is expected to hold the largest share during the forecast period"
Based on the end-use industry, oil & gas, and petrochemical industry are estimated to account for the largest share during the forecast period. In this industry, intense and hazardous operations are carried out. CUI & SOI coatings are used in the oil & gas pipelines (new & repair), which include land-based& offshore activities. Such industry is growing rapidly, as many refineries worldwide are converting into integrated plants. This has enabled the development of infrastructure, which has contributed to the growth of the CUI & SOI coatings market.

"The epoxy CUI & SOI coatings to lead the market during the forecast period"
Epoxy-based CUI coatings are estimated to lead the market during the forecast period. Epoxy is commonly used in CUI & SOI coating because of its excellent grip, and resistance to chemical properties. The qualities of epoxy-based coatings can be improved bythe appropriate addition of additives and modifiers to meet the specifications required. They are hard and offer moisture resistance, wear and tear, water, acid, alkali, and seawater. They possess low volatility and are water cleanable. These features make them ideal for use on metal surfaces such as cast iron and aluminum.

"Asia Pacific CUI & SOI coatings market is estimated to register the highest CAGR during the forecast period"
APAC is the fastest-growing CUI & SOI coatings market globally. This is mainly due to economic growth, followed by large investments across all industries such as petrochemical, oil & gas, infrastructure, power generation, and industrial. The Asia Pacific is the more promising market and it is expected to be the same during the forecast period.

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Competitive Landscape of Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market:
1 Introduction
2 Market Share Analysis
3 Key Player Strategies/Right To Win
4 Company Evaluation Matrix
4.1 Star
4.2 Pervasive
4.3 Emerging Leader
4.4 Participant
5 Startups And Small And Medium-Sized Enterprises (Smes) Evaluation Matrix
5.1 Responsive Companies
5.2 Dynamic Companies
5.3 Starting Blocks
6 Revenue Analysis Of Top Players
7 Competitive Benchmarking
8 Key Market Developments
8.1 Deals
8.2 Others
8.3 New Product Launches

Research Coverage:
This report provides detailed segmentation of the CUI & SOI coatings market based on type, end-use industry, and region. Type is divided into epoxy, acrylic, silicone, and others. Based on the end-use industry, the market has been segmented into marine; oil & gas, and petrochemical; energy & power, and other industries. Based on the region, the market has been segmented into North America, Europe, APAC, the Middle East & Africa, and South America.

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This release was published on openPR.