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:
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.
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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.
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.
Author Credits: Smruti Ranjan, Rajrani Baghel