Strategic Partnerships Driving Growth In Corrosion Under Insulation (CUI) And Spray-On Insulation (SOI) Coatings Market Trend: A Crucial Influence on the Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market's Transformation in 2025

What combination of drivers is leading to accelerated growth in the corrosion under insulation (cui) & spray-on insulation (soi) coatings market?
The spike in sectors such as marine, oil and gas, petrochemical, and construction is fueling the expansion of the corrosion under insulation (CUI) and spray-on insulation (SOI) coatings market. These sectors have been on an upward trajectory thanks to economic development and industrialization. The extensive network of pipelines within these industries are constantly subjected to corrosion-causing chemicals and moisture and, therefore, require consistent application of protective coatings. This pressing need is what propels the CUI and SOI coatings market. For instance, the International Energy Agency (IEA)'s recent estimate from June 2022 expects the global energy investment to surge by 8% and hit USD 2.4 trillion in 2022, primarily banking on the rise in renewable energy. Similarly, the U.S. Census Bureau's report revealed that construction spending amounted to $1,744.8 billion in April 2022, showing a 0.8% increase from the revised March estimate of $1,740.6 billion. Consequently, the expansion of these industries is likely to further stimulate the CUI and SOI coatings market.

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What is the projected compound annual growth rate (CAGR) of the corrosion under insulation (cui) & spray-on insulation (soi) coatings market from 2025 to 2034, and what factors influence it?
In the past few years, there has been robust growth in the market size for corrosion under insulation (CUI) & spray-on insulation (SOI) coatings. The market is set to increase from $1.94 billion in 2024 to $2.07 billion in 2025, growing at a compound annual growth rate (CAGR) of 6.3%. The substantial growth in the historical period is due to an increase in industrial infrastructure maintenance needs, a greater necessity for corrosion prevention, and the heightened demand for energy conservation and insulation. The growth of the oil and gas industry, as well as the chemical and petrochemical plants, has also contributed to this surge.

Expectations suggest that the corrosion under insulation (CUI) & spray-on insulation (SOI) coatings market will witness substantial growth in the upcoming years, with a predicted leap to $2.81 billion by 2029 at a compound annual growth rate (CAGR) of 8.0%. This growth over the predicted period is primarily due to the refurbishment of aging infrastructure, applications in offshore and marine industries, development of superior insulation materials, a rise in sustainable and eco-friendly coatings, enhanced asset integrity management, and the expansion of emerging markets. Key trends projected for this period encompass the implementation of digital inspections and monitoring, integration of smart coatings and Internet of Things (IoT), adoption of advanced coating technologies, along with increasing sustainability and eco-friendly coatings.

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How are the latest trends influencing the growth of the corrosion under insulation (cui) & spray-on insulation (soi) coatings market?
Forming strategic alliances has become an increasingly common trend among companies in the corrosion under insulation (CUI) and spray-on insulation (SOI) coatings market. Key players in these sectors are making partnerships to broaden their market reach. In August 2023, for instance, BASF SE, a German company offering insulation corrosion protection and coatings, entered a collaboration with Nippon Paint Holdings Co. Ltd. This partnership underlines BASF SE's focus on establishing an eco-friendly industrial chain for sustainable growth in the packaging sector. Nippon Paint Holdings Co. Ltd., a Japanese paint and coatings provider, benefits from the agreement. Further, in March 2023, Safi-Alcan, a French chemicals company, formed a partnership with the Paints & Coatings division of Shimmer & Schwarz, Inc. The collaboration allowed Safi-Alcan to broaden its products, offering customers a more diverse range of solutions. Shimmer & Schwarz Inc., a German chemicals firm, also supplies paints and coatings.

What are the major segments of the corrosion under insulation (cui) & spray-on insulation (soi) coatings market and their role in driving growth?
The corrosion under insulation (CUI) & spray-on insulation (SOI) coatings market covered in this report is segmented -

1) By Product: Solvent-Based Coating, Water-Based Paint, Powder Coating
2) By Material: Epoxy Anticorrosive Coating, Polyurethane Coating, Inorganic Zinc-Rich Coating, Alkyd Coating, Acrylic Coating, Chlorinated Rubber Coating, Other Materials
3) By End-User: Marine, Oil and Gas and Petrochemical, Energy and Power, Other End-Users

Subsegments:
1) By Solvent-Based Coating: Epoxy Solvent-Based Coatings, Polyurethane Solvent-Based Coatings, Alkyd Solvent-Based Coatings
2) By Water-Based Paint: Acrylic Water-Based Paints, Latex Water-Based Paints, Water-Based Epoxy Coatings
3) By Powder Coating: Thermoset Powder Coatings, Thermoplastic Powder Coatings, Specialty Powder Coatings

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Which regions are key players in the growth of the corrosion under insulation (cui) & spray-on insulation (soi) coatings market?
Asia-Pacific was the largest region in the corrosion under insulation (CUI) & spray-on insulation (SOI) coatings market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the corrosion under insulation (CUI) & spray-on insulation (SOI) coatings market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Who are the key firms paving the way for growth in the corrosion under insulation (cui) & spray-on insulation (soi) coatings market?
Major companies operating in the corrosion under insulation (CUI) & spray-on insulation (SOI) coatings market include Akzo Nobel N.V., PPG Industries Inc., Jotun A/S, The Sherwin-Williams Company, Hempel A/S, Kansai Paint Co. Ltd., Nippon Paint Co. Ltd., RPM International Inc., Syneffex Inc., Kaefer GmbH, Belzona Inc., Resimac Ltd., Carboline Company, International Paint Ltd., Rust-Oleum Corporation, Induron Protective Coatings, A&A Coatings, Advanced Polymer Coatings Inc., Tnemec Company Inc., Axalta Coating Systems Ltd., H.B. Fuller Company, BASF SE, Ameron International Corporation, Denso North America Inc., ENECON Corporation

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What Is Covered In The Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Global Market Report?

•Market Size Forecast: Examine the corrosion under insulation (cui) & spray-on insulation (soi) coatings market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the corrosion under insulation (cui) & spray-on insulation (soi) coatings market for a structured understanding.
•Key Players Overview: Analyze major players in the corrosion under insulation (cui) & spray-on insulation (soi) coatings market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the corrosion under insulation (cui) & spray-on insulation (soi) coatings market.
•Segment Contributions: Evaluate how different segments drive overall growth in the corrosion under insulation (cui) & spray-on insulation (soi) coatings market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the corrosion under insulation (cui) & spray-on insulation (soi) coatings market.
•Industry Challenges: Identify potential risks and obstacles affecting the corrosion under insulation (cui) & spray-on insulation (soi) coatings market.
•Competitive Landscape: Review strategic developments in the corrosion under insulation (cui) & spray-on insulation (soi) coatings market, including expansions, agreements, and new product launches.

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