Press release
Detailed examination of Corrosion Protection Rubber Coating Market Size & Share, Growth, Trends and Forecast 2017 - 2025
The main objective of this report is to define, describe, and forecast the global “Corrosion Protection Rubber Coating” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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Metals and concrete are employed in various applications, where they are exposed to different climatic conditions, temperatures, and surroundings. This increases chances of corrosion. Corrosion protection rubber coatings are applied using rubber foils to protect metal or concrete against corrosion, abrasion, and chemicals. The corrosion protection rubber coatings can be categorized into two: soft rubber lining system and hard rubber lining system, which are primarily used in applications having exposure to extreme environments. Applications include waste incineration plants, drinking water treatment plants, storage tanks, condenser, reaction vessel, rail car tanks, scrubbers, piping, valves, fittings, and gas desulfurization plants, among others. Durability of coatings depends on the ratio of the quality of the rubber foils and the quality of process employed. These coatings are applied to prevent corrosion of components and equipment made out of metals and concrete. Therefore, they are of utmost importance for the smooth function of these equipment. The growth of the end-user industries such as automotive and transportation, construction, energy & power in various regions of the world is likely to drive the growth of corrosion protection rubber coating market in the near future.
In terms of product, the corrosion protection rubber coating market can be bifurcated into soft rubber lining system and hard rubber lining system. Soft rubber lining system can be used for a wide range of applications such as protection against chemicals and extreme climate and temperature in the process industries. Soft rubber lining system can be used on sites requiring chemical, thermal, and mechanical resistance. Hard rubber lining system employ high-quality natural as well as synthetic rubbers and are very effective in preventing corrosion in the process industry with temperatures ranging up to 125°C. Hard rubber lining systems prove to be effective and can protect against chemicals such as mineral acids, aqueous solutions, organic solvents, and bases. Currently, hard rubber lining systems account for a major share of the corrosion protection rubber coatings market, and is anticipated to continue its dominance during the forecast period. The major reason for high usage of hard rubber lining system is that, the vulcanized hard rubber linings employed in these systems, are chemically inert, due to which they are resistant to many oxidative chemical systems.
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In terms of end-user industry, the corrosion protection rubber coating market can be segmented into oil & gas, automotive & transportation, energy & power, construction, marine, and mining & metallurgy. Currently, the market is dominated by the oil & gas segment, and is anticipated to continue its dominance during the forecast period. Metal and concrete parts used in the oil & gas fields are subjected to highly reactive chemicals as well as extreme environment and temperature, which increase the chances of corrosion of equipment utilized in the oil & gas industry.
In terms of geography, the corrosion protection rubber coating market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Currently, the market is dominated by Asia Pacific owing to the expansion of power generation, construction, automotive & transportation, and mining & metallurgy industries. The region is experiencing rapid economic, industrial, and infrastructural development, especially in countries such as China and India, which is anticipated to fuel the expansion of these end-user industries. This in turn is expected to propel the market in the region.
Key players operating in the global corrosion protection rubber coating market include Ashland Global, BASF SE, Holdings, Inc., Koch Knight LLC, Axalta Coating Systems, PPG Industries, Inc., Akzo Nobel NV, Polycorp Limited, STEULER KCH GmbH, Sherwin Williams Company, and Jotun A/S.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
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Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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