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
By material type:
By End user:
The acid proof lining market is further classified on the basis of region as follows:
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
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