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High Performance Anti-corrosion Coatings Market By Analysis of Major Industry Segments, Share 2023
View Full Report: https://www.transparencymarketresearch.com/high-performance-anticorrosion-coatings-market.html
The increasing oil and gas drilling and exploration activities in the recent past have been the indirect cause of the growing consumption of high performance anti-corrosion coatings. The rise of these activities have led to an urgent need for maintenance of the industry equipment, which has spurred the demand for protective coatings that improve the lifespan of metal surfaces and prevent it from corroding or getting damaged due to weathering and harsh climatic conditions. These coatings are increasingly being used on storage tanks, oil rigs, transmission pipelines, steel structures, and other oil vessels.
Infrastructural development such as the flourishing construction, transportation, and manufacturing industries and across the Asia Pacific region are propelling the usage of high performance anti-corrosion coatings market. This trend is predominantly seen in emerging economies of India, China, Vietnam, China, and Singapore.
The thriving infrastructural development in developed and developing regions of the world has triggered a demand for protective high performance anti-corrosive coatings, reports Transparency Market Research. To keep up with the demand, players in this market are expanding their production facilities and making strategic collaborations with regional players to enter new markets. For instance, 3M Company joined hands with Russell NDE/PICA Corporation that will give the former player a chance to strengthen its position in the U.K., Canada, and the U.S.
“The top three leading players, Akzo Nobel N.V., Nippon Paint Co., Ltd., PPG Industries Inc., and The Sherwin-Williams Company, collectively held a share of 59.7% in the global high performance anti-corrosion coatings market in 2014,” says the lead author of this research report. To maintain a competitive edge in the overall market competitors are investing in result-oriented research and development activities and focusing on launching sustainable coating products.
Report Overview, with TOC - https://www.transparencymarketresearch.com/report-toc/8587
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