North America Anti-Corrosion Coating Market Demand, Opportunities and Share Analysis 2022 to 2028

The research report "North America Anti-corrosion Coating Market: By Solvent (Ethers, Aromatic hydrocarbons, Aliphatic hydrocarbons, Alcohols and Others), By Binders (Co-reactive binders, Coalescent binders, Condensation binders, Heat Conversion binders, Inorganic binders, Lacquers, Oxygen reactive binders and Others), By Technology (Hot Melt, Solvent -Free, Solvent-Borne, Water-Borne and Others), By Application (Oil & Gas, Marine, Energy and Power, Construction and Infrastructure, Automotive, Aerospace and Others), By Resin Type (Silicone, Polyurethane, Polyesters, Polyamides, Phenolic resins, Ethyl Silicates, Epoxy, Amino resins, Alkyd resins and Others), By Pigment (Zinc Chromate, Red Oxide, Magnesium and Others) - Global/Region/Country Forecast to 2028. The North America anti-corrosion coating market is anticipated to be valued at USD X mn in 2021 and poised to grow at a significant CAGR rate of x% over 2022-2028.

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Increasing demand for high-efficiency anti-corrosion coatings impels the North America Anti-corrosion Coating Market:
Anti-corrosion coatings are hugely used in the marine industry. These coatings protect yachts and hulls from corrosion caused by very harsh conditions such as high content of salt in water, high temperature, and organic development caused by moisture and varying pressure. These coatings are also used for commercial ships and vessels such as cruise ships, boats, tows, freight carriers and yachts. Main raw materials employed in the anti-corrosion coatings manufacturing are gained mostly from petrochemical derivatives including naphthalene, benzene, ethylene and toluene. Market is quite developed in North America and its production is sufficient to fulfill regional needs.

A few of the major sectors will exhibit growth such as commercial shipping, naval and fleet ownership and shipbuilding. Marine industry is witnessing growth and is anticipated to grow at a fast speed. Growing market will boost the demand for anti-corrosion coatings around the globe. Involvement of huge and growing countries of the world will impel the industry to grow at an extraordinary rate. There are a few major factors bolstering the growth of market such as fast industrialization in emerging countries, demand for high-efficiency anti-corrosion coatings, several applications in different industries, growing demand in automotive and construction industries and modernization of infrastructure. In addition, increase in R&D activities for producing best quality of coatings offers best growth opportunity for the market. There are a few factors hinder the anti-corrosion coatings price trends over the forthcoming years are fall of crude oil and natural gas prices and oscillating raw material prices on account of the intermittent increase.

USA accounted for larger share in the North America Anti-corrosion Coating Market:
North America Anti-corrosion Coating market report aims at offering complete outlook on Anti-corrosion Coating across the globe by focusing on the leading countries such as U.S. and Canada. Among these, U.S. got major revenue share in North America market with significant CAGR rate. Increase in the government military investment (NAVY) fuelled the regional growth. The U.S. is among the biggest fleets worldwide due to enhanced industry growth. Another major factor which will further complement the growth is the growing oil & gas sector in the region.

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Competitive Analysis North America Anti-Corrosion Coating Market:
Major players working in the North America anti-corrosion coating market are 3M Co. (U.S.), Ancatt Inc. (U.S.), Bluechem Group (Germany), Diamond Vogel (U.S.) and Du Pont De.

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