Anti-Corrosion Coating Market is expected to grow with CAGR of 5.3 % and will lead to Market Size of US 33.27 billion by 2022

Synopsis of Anti-Corrosion Coating Market
Commenting on this report, an analyst from Market Research Future (MRFR)’s team said, “Global Anti-Corrosion Coating Market size is expected to grow at USD ~33.27 billion by 2023. The market witnessed a significant growth over the forecasted period owing to versatile applications such as into additives, flavor enhancers, acidity regulators, preservatives, and others across various industries.
Anti-corrosion coating used in various industry such as oil & gas, shipbuilding, marine, energy, transport, automotive, and others on the other hand, it is widely used in marine industry across various region including APAC, North America, Europe, and RoW. Among all the region it is led by the Asia-Pacific due to fast economic development, specially, in the marine, automotive & transportation end-use industry.
Key Players
Key players of the global anti-corrosion coating market are 3M (US), BASF SE (Germany), Hempel Group (Europe), Kansai Paint Co., Ltd (Japan), PPG Industries (US), The Dow Chemical Company (US), Wacker Chemie AG (Germany), Valspar (US), Bluchem (South Africa), RPM International Inc.(US), and Others.

The Global Anti-Corrosion Coating Market, by geography, has been segmented into North America, Europe, Asia Pacific, Middle East and Africa (MEA), and South America. In the global anti-corrosion coating market, Asia Pacific is predicted to witness comparatively faster growing region and henceforth the growth rate as compared with other regions. Within Asia Pacific, marine, automobile, and transportation end user industry is expected to give the faster share growth of market followed by growth in countries such as Japan, China and India.

As compared to other regions, the anti-corrosion coating market in North America is expected to witness significantly healthy growth, with rate relatively closer to that of the Europe region. In North America, the U.S and Canada are expected to drive the growth of anti-corrosion coating market. This is owing to the presence of large number of established player of anti-corrosion coating. In addition to this the region also has a well-established marine and transportation industry, while the oil & gas industry is still wealthy and is expected to be a major factor for the growth of anti-corrosion coating market.

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In global anti-corrosion market Europe region hold the third position. In Europe region, countries including Germany, Italy, France and the U.K. are expected to drive the growth of anti-corrosion coating market. The wide industrial application in coating of automotive, transportation, and energy in this region drives market growth. The UK led the market share in 2016 and is predicted to continue its dominance over the forecast period from 2016 to 2023. However, France and Germany is expected to grow at a considerably growing rate.

Segment Analysis
The Global Anti-Corrosion Coating Market has been segmented into type, application, and end use industries. On the basis of types the market has been divided into epoxy, zinc, acrylic, silicone, polyurethane alkyd, chlorinated rubber, and others (fluorocarbons, co-polymers, graphene, ceramic, and glass flakes). Above all the types epoxy anti-corrosion coating is highly in demand owing to its features such as water resistance, extensive corrosion protection, and adhesion to steel due to this it is extremely applicable in marine industry through numerous region. After epoxy anti corrosion coating

polyurethane alkyd coating holds the second position due to applicable in various industry such as oil & gas, transport, and automotive.
On the basis of application, the market has been divided into water-based coating, solvent-based coating, powder coating, and others (antifouling coatings, high-energy cure coatings, nano-coatings).

Among these applications, solvent-based anti-corrosion coating have coverd the largest market followed by water-based coating, powder coating, and others. The demand for solvent-based anti-corrosion coating is growing due to its feature such as lesser drying time, exceptional block resistance, and extensive applications.

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Table of Content

1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure

3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model

4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Anti Corrosion Coating Market
5 Industry Overview Of Global Anti Corrosion Coating Market
Continue……….

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