Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts

The Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market Size During the Forecast Period?
In recent times, the market size for corrosion under insulation (CUI) & spray-on insulation (SOI) coatings has seen robust growth. The market worth is set to increase from $1.94 billion in 2024 to $2.07 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.3%. The historical growth rate owes much to the escalated demand for maintaining industrial infrastructure, the growing need for preventing and protecting from corrosion, the rising necessity for energy efficiency and insulation, the expansion of the oil and gas industry requirements, and the demands of petrochemical and chemical plants.

In the coming years, a robust expansion is anticipated in the market size for corrosion under insulation (CUI) & spray-on insulation (SOI) coatings, projected to reach $2.81 billion in 2029, with an 8.0% compound annual growth rate (CAGR). Factors contributing to this growth during the projected period encompass the renewal of aging infrastructure, offshore and marine applications, the use of advanced insulation materials, the rise of sustainable and eco-friendly coatings, enhancement of asset integrity management, and expansion in emerging markets. The upcoming period will also see major trends such as the advent of digital inspections and monitoring, the integration of smart coatings and IoT, the development of cutting-edge coating technologies, and the prominence of sustainable and eco-friendly coatings.

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What Are the High-Growth Segments in the Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market?
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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What Key Drivers Are Expected to Influence Future Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market Growth?
The swift expansion in end-use sectors like marine, oil and gas, petrochemical, and construction is spurring the progression of the corrosion under insulation (CUI) and spray-on insulation (SOI) coatings market. Thanks to economic progression and industrialization, industries such as marine, oil and gas, construction, and petrochemicals have been on an upward trajectory. With an extensive network of pipelines that are continually subjected to corrosive chemicals and moisture, these industries require regular coatings to prevent corrosion, thereby propelling the CUI and SOI coatings market. For example, the International Energy Agency (IEA) estimated in June 2022 that global energy investment would surge by 8% in 2022, amounting to USD 2.4 trillion, with most of the predicted uptick stemming from renewable energy. Also, the U.S. Census Bureau's 2022 report on monthly construction expenses indicated a 0.8% increase, reaching $ 1,744.8 billion in April 2022 from the revised March estimate of $ 1,740.6 billion. Consequently, end-user industries' expansion is likely to stimulate the CUI and SOI coatings market's growth.

Which Companies Hold the Largest Share Across Different Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market Segments?
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

What Trends Are Driving Growth in The Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market?
The rise of strategic alliances is a prominent trend in the corrosion under insulation (CUI) and spray-on insulation (SOI) coatings market. Leading corporations in these sectors are entering into collaborations to enhance their market presence. BASF SE, a chemicals company based in Germany specializing in corrosion protection under insulation and coatings, formed a partnership with Nippon Paint Holdings Co. Ltd in August 2023. This association aims to construct a green industrial chain for sustainable development in the packaging industry. Nippon Paint Holdings Co. Ltd is a Japanese firm offering paints and coatings. Moreover, in March 2023, Safi-Alcan, the France-based chemicals entity offering paints and coatings, joined hands with Shimmer & Schwarz Inc's Paints & Coatings division. The objective of this partnership is to diversify product portfolio and deliver a broader range of solutions to their customers. Shimmer & Schwarz Inc. is a German chemical firm known for its paints and coatings.

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What Are the Emerging Geographies for The Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market Growth?
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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market?
2. What is the CAGR expected in the Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market?
3. What Are the Key Innovations Transforming the Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Industry?
4. Which Region Is Leading the Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market?

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