Corrosion Protection Coating Global Market Report 2024 - By Size, Share, Report And Demand, Forecast To 2033

"The new report published by The Business Research Company, titled ""Corrosion Protection Coating Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the corrosion protection coating market size has grown strongly in recent years. It will grow from $16.84 billion in 2023 to $17.94 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The corrosion protection coating market size is expected to see strong growth in the next few years. It will grow to $23.07 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%.

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Impact Of The Oil And Gas Industry On The Corrosion Protection Coatings Market
The growing oil and gas industry is expected to propel the corrosion protection coatings market. Economic growth is a significant factor influencing demand for oil and gas products. This rising demand for oil and gas increases demand for corrosion protection coatings that aid in protecting steel structures in the oil and gas and petrochemical industries from corrosion. For instance, according to the U.S. Energy Information Administration, in 2021, the United States' petroleum consumption averages about 19.78 million barrels per day (b/d), including about a million b/d of biofuels. The total petroleum consumption in the United States was approximately 8% higher in 2021 than in 2020. Therefore, the growing demand for oil and gas will drive the market for corrosion protection coatings.

Technological Trends In The Corrosion Protection Coating Market
Technological innovations have emerged as a key trend gaining popularity in the corrosion protection coating market. Major companies operating in corrosion protection coatings are focused on providing innovative corrosion coating products to strengthen their market position. For instance, in June 2022, Hempel, a Denmark-based coating solution company, introduced a new fast-drying CUI coating, Hempaprime CUI 275. Hempaprime CUI 275 is a fast-drying, alkylamine-cured epoxy paint that increases productivity and improves corrosion protection at energy generation and oil and gas facilities by having extremely short overcoating intervals and broad temperature resistance.

The corrosion protection coating market covered in this report is segmented -
1) By Resin Type: Epoxy, Polyurethane, Zinc, Alkyd, Acrylic, Chlorinated Rubber, Other Types
2) By Technology: Water-based, Solvent-based, Powder-based, Other Technologies
3) By End-Use Industries: Marine, Oil and Gas, Petrochemical, Infrastructure, Power Generation, Water Treatment, Other End-users

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Major companies operating in the corrosion protection coating market report are Jotun A/S, Hempel A/S, RPM International Inc., Akzo Nobel N.V., The Sherwin-Williams Company, BASF SE, Axalta Coating Systems LLC, PPG Industries Inc., 3M Company, Koninklijke DSM N.V., Heubach GmbH, Renner Herrmann S.A., The Magni Group Inc., Wacker Chemie AG, Bluechem Group, Nippon Paint Holdings Co. Ltd., Rust-Oleum Corporation, Krylon Products Group, Valspar Corporation, Henkel AG & Co. KGaA, Sika AG, The Dow Chemical Company, Covestro AG, Berger Paints India Limited, Chugoku Marine Paints Ltd., Hempel (USA) Inc., Carboline Company, International Paint Ltd., Sherwin-Williams Protective & Marine Coatings, Tnemec Company Inc., Ameron International Corporation

Contents of the report:
1. Executive Summary
2. Corrosion Protection Coating Market Report Structure
3. Corrosion Protection Coating Market Trends And Strategies
4. Corrosion Protection Coating Market - Macro Economic Scenario
5. Corrosion Protection Coating Market Size And Growth
…..
27. Corrosion Protection Coating Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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