Anti-Corrosion Coating Market Size, Share | Industry Report 2022-2028

The global anti-corrosion coating market size was valued at USD 38.3 billion in 2021 and is poised to grow at a significant CAGR of 5.6% during the forecast period 2022-28. The electrochemical reactions that harm metals' structural integrity and alter their corrosion-induced appearance are slowed down or stopped by anti-corrosion coating. Because of their anti-corrosion properties, these coatings are useful in a variety of end-user industries, including maritime, oil & gas, industrial, construction, energy (power plants, solar, wind turbines), and automotive. The study also provides a thorough explanation of the various anti-corrosion coating production technologies. Technologies that are frequently utilised include solvent-borne, water-borne, powder anti-corrosion coating, and high-energy cure coating.

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Anti-Corrosion Coating Market Growth Factors:
The rise in corrosion-related losses and the upgrading of infrastructure are two key factors anticipated to propel the growth of the anti-corrosion coating market during the forecast period. Additionally, it is projected that changes in end-use sectors would further fuel the market for anti-corrosion coatings. In addition, there is an increasing need for thin-walled, strong metallic components used in the production of lightweight goods that are used in a variety of sectors, including building and construction, automotive, marine, and oil and gas. On the other side, it is also anticipated that the fluctuating price of crude oil may restrain the market for anti-corrosion coatings during the timeline period. Additionally, the development of bio-based anti-corrosion coatings will open up additional prospects for the market for these coatings to expand during the ensuing years. The market for anti-corrosion coatings may face more challenges in the near future due to the escalation of governmental regulations, though.

The global anti-corrosion coating market segmentation:
1) By Type: Epoxy, Polyurethane, Acrylic, Alkyd, Zinc, Chlorinated Rubber
2) By Technology: Solvent-borne, Waterborne, Powder Coating
3) By End User: Marine, Oil & Gas, Power Generation, Automotive &Transportation Others

Anti-Corrosion Coating Market Regional Analysis:
The market for anti-corrosion coatings is dominated by Asia-Pacific as a result of the increasing demand for electric vehicles (EVs) in a number of nations. Moreover, the presence of various automakers will support the expansion of the anti-corrosion coating market in the area during the course of the projection period. The main application industries, such as oil and gas and maritime applications, are expected to increase significantly in Europe. In the upcoming years, it is also projected that the need for smart EVs, which require lightweight and durable components to improve vehicle efficiency, will fuel the expansion of the anti-corrosion coating market in the region.

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Key players in the anti-corrosion coating market report are AkzoNobel NV, Arkema Group, BASF SE, Beckers Group, H.B. Fuller Company, HEMPEL AS, Jotun, Kansai Paint Co. Ltd, Nippon Paints, PPG Industries Inc., RPM International Inc., Sika AG, The Sherwin-Williams Company

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