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CHEMICALS AND ADVANCED MATERIALS

Acid Proof Lining Market By material type (Carbon Brick Lining, Tile Lining, Thermoplastics Lining, Flouro polymer Lining, Ceramic Brick Lining); By technology (Solvent borne technology, Waterborne technology, Powder-based technology); By end user (Energy and power industry, Construction industry, Automotive industry, Chemicals industry, Mining & metallurgy industry) - Global Industry Demand Analysis & Opportunity Assessment 2018-2027

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Extensive insights into the Growth of Acid Proof Lining Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Acid Proof Lining Market Overview

Acid proof lining act as restraints to the action of acid that are used in chemical and manufacturing industries to safeguard the equipment’s from hazardous chemicals and acids. They are the coatings that guard plastic fibers, steel structure and concrete from acids and alkalis in industries. It has acidic properties which increases the mechanical strength of the equipment. It also helps to save the material from mechanical abuse and high temperatures. These are used in several industries where floors and walls are constantly exposed to strong chemicals and acids. It also alleviates the cost by maintaining equipment for long term use. Acid proof lining safeguards the material from oxidation, moisture and salt spray and also a number of detrimental to metals and alloys. Industrial workshop and substrates require protection from mechanical thermal and chemical loads.

Market Size and Forecast

The global acid proof lining market has been segmented on the basis of geography which includes North America, Latin America, Europe, Asia Pacific and Middle East and Africa. The market is anticipated to expand at a CAGR of 3.2% in the year 2018-2027, of the total market. By material type, ceramic brick segment is expected to contribute 35% of the total market in terms of revenue and thermoplastics lining segment will attain 28% of the total market share by 2027. The global acid proof lining market is set to achieve the value of around USD 6 Bn by the end of 2027. By end user, the chemical industry segment is anticipated to grow at a fastest rate which is likely to contribute 34% of the total market by the end of 2027.

By geography, European region contributed significantly towards the growth of acid proof lining market in 2016. In Europe, Germany contributed substantially in the region in the same year.

Asia Pacific is anticipated to remain the largest market by geography. The Asian countries such as China and India are observing significant growth in the market. The rapid industrialization in Asian-Pacific region especially in the countries that include China, India and japan are providing key opportunities for major players to establish themselves in the market. Huge investments in the industrial sector is also fostering the market growth.CLICK TO DOWNLOAD FREE SAMPLE

Market Segmentation

By material type:

  • Carbon Brick Lining
  • Thermoplastics Lining
  • Tile Lining
  • Flouro polymer Lining
  • Ceramic Brick Lining

By technology:

  • Solvent-borne technology
  • Powder-based technology
  • Waterborne technology

By End user:

  • Energy  and power industry
  • Construction industry
  • Automotive industry
  • Chemicals industry
  • Mining & metallurgy industry
  • Others

By Region

The acid proof lining market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Growth Drivers and Challenges

The availability of low cost acid proof linings which include ceramic brick linings and robust growth in chemical, metallurgy and mining industry are some of the major growth drivers for the acid proof linings market. The expansion of mining industry and increasing economic growth across the globe will foster the market in future. The industries are now concentrating towards increasing the life of its mechanical equipment buildings and assemblies and also prevent them from acid and alkalis. The increase in the investment by some of the key players is also providing the base for the expansion of the market.

However there are certain restrains associated with it which includes high cost of manufacturing which leads to expensive final products is anticipated to hamper the growth of the market

KEY PLAYERS

  • BASF Coating GmBH
  • Ashland Inc
  • Polycorp Ltd.
  • PPG Industries Inc.
  • The Sherwin-Williams Company
  • Axalta Coatings Inc.
  • Hempel A/S
  • International Paint Limited
  • Jotun A/S
  • Steuler-KCH GmbH
  • TIP TOP Oberflächenschutz Elbe GmbH
  • Koch Knight LLC

 


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