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
Acid proof linings are used in chemical based industries to protect the equipment and infrastructure of the industry from the harmful exposure of acid. Acid proof lining have high acid resistance along with the property to enhance the mechanical strength of the equipment. These properties of acid proof lining are beneficial for the industries working with concentrated chemicals.
The global acid proof lining market is expected to register a CAGR of 2.25% over the forecast period i.e. 2016-2023. Europe accounted for the largest market share in 2015 in acid proof lining market globally. Rapid growth in mining and chemical industry is expected to augment the demand for acid proof lining in the region.
Asia-Pacific is expected to be the second largest revenue contributor across the globe in the acid proof lining market. Rising power generation sectors and water treatment plants across the region are some of the major factors which is expected to bolster the market of acid proof lining market during the forecast period i.e. 2016-2023. Further, rising concern towards harmful effects of acid and concentrated chemicals and protection of equipment from deterioration are some of the vital driving factors for the growth of acid proof lining market. The acid proof lining also protects the equipment from eminent temperatures and mechanical abuse. These are generally used to protect concrete, steel structures, plastic piping and fiber glass from strong and concentrated acids due to presence of high durability. However, the high cost of acid proof lining is expected to incline the consumers towards low cost alternatives available in the market such as rubber linings. CLICK TO DOWNLOAD FREE SAMPLE REPORT
The Global Acid Proof Lining Market is segmented on the basis of as follows:
Global Acid Proof Lining Market is further classified on the basis of region as follows:
Availability of low cost acid proof linings such as ceramic brick lining, rapid growth in chemical and metallurgy industry and growing application opportunity for prevention of equipment and other assemblies is likely to foster the demand for acid proof linings in chemical industries.
Further, the market of acid proof lining is expected to flourish in near future by several factors such as rapid growth in mining industry and increasing economic growth across the globe. In order to increase the life of mechanical and chemical equipment, assemblies as well as buildings by preventing them from concentrated acids, acid proof linings are growing across the globe. The acid proof lining market is expected to showcase significant growth over the forecast period i.e. 2016-2023 due to wide-scale applications of acid proof linings in industrial processes. However, the high cost of covering industrial surfaces owing to high cost of acid proof linings such as carbon brick lining is expected to curb the growth of acid proof lining market across the globe. Availability of low cost alternatives lining solutions such as rubber lining systems are likely to hinder the growth of acid proof lining market in near future.
The key players of acid proof lining market are as follows:
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