Research Reports

Chemicals and Materials

icon
Home » Reports » Corrosion Protective Coatings Market Global Demand Analysis Opportunity Outlook 2027
Market Research Report

Corrosion Protective Coatings Market : Global Demand Analysis & Opportunity Outlook 2027

Published On : 07:05 AM, 25th September, 2018 REP-ID-166 Category: Chemicals and Materials

PRODUCT OVERVIEW

Corrosion protective coatings are generally used to protect metal component against degradation due to salt spray, oxidation, and exposure to variety chemicals in industry. The coatings create thin film which avoids contact with metals component thus prevent corrosion. Such coatings are used at multiple including marine, oil and gas, automotive. It saves material from deterioration by imparting. The film provides used in coating provides resistance from abrasion, corrosion, thermal insulation, water proofing, abrasion.

MARKET SIZE

The global protective coatings market is expected to grow at a CAGR of 7.4% in the forecast period. The growth of demand of the corrosion protective coating is subjected to rise in production of coatings. The growing demand in the ships and naval sector coupled with rising investment in ship repairing activities in economies including China and India is expected to drive the market demand over the forecast period. Growing application in paper and pulp industry is expected to fuel the growth in corrosion protective coatings market. Additionally, emergent demand in the Epoxy based paints is expected to enhance the growth of the market. Moreover, implementation of stringent government policies is propelling rise in the R&D activities in the sector.

Asia Pacific region emerges as largest regional market accounting for almost half the global volume. Growth in the end user industries such as construction, shipbuilding, and manufacturing is propelling growth in the demand for corrosion protective coatings. Increase in the investment in China and India is expected to improve the demand in forecast period. Additionally, growing scope of paper and pulp owing to presence of acidic and corrosive atmosphere is likely to fuel the growth in future years.

Europe is expected to witness an increase in the demand share on account of rising investment in manufacturing companies in capacity expansion and improvement. There is also an increase in R&D activities in shipping and automotive industry which is expected increase the metal chemistry and shed life is expected to increase in demand.

KEY SEGMENTS

By Material

  • Epoxy
  • Polyurethane
  • Acrylic
  • Alkyd
  • Polyesters
  • Other

By Technology

  • Solvent Borne Epoxy
  • Waterborne Epoxy
  • Solids Epoxy
  • Others

By End-Use Industry

  • Marine
  • Industrial
  • Construction
  • Energy & Power
  • Transportation
  • Others

By Region

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Middle East and South America
  • Brazil
  • Argentina
  • UAE

 GROWTH DRIVERS AND CHALLENGES

The major growth of protective coatings is driven by application such in marine industry such as ships, yachts, cruise ships and boats. These coatings can bear harsh conditions such temperature changes, pressure changes and organic development caused by moisture. Rapid industrialization in developing countries in Asia-pacific region is uncovering numerous opportunities for companies in the market. Key countries like China India are witnessing emergent growth in the market. The demand of Anti-corrosion coatings is also high in automotive and construction industries. The automotive construction industries are also witnessing emergent demand in the anti-corrosion coatings.. Rise of water borne protective coating which also known as electro coating is expected to drive the market.

Solvent Borne coating accounted for major market share of market volume. Wide application and scope of epoxy will also drive the market rising concern regarding the toxic nature of solvent borne corrosion will pose a challenge to market growth over forecast period.

KEY PLAYERS

  • Dow Chemical Company
  • Ashland Inc.
  • Croda international PLC.
  • AMPA Plastics
  • BASF SE
  • AKZO Noble NV
  • Jotun A/S
  • Weir Group PLC.
  • Steuler KCH GmbH

 Scope & Context

Overview of the Parent Market

Analyst View

Segmentation

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

key Answers

 

 

SELECT LICENSE TYPE

KEY BENEFITS

  • DIRECT ANALYST ASSISTANCE

    Direct access to analyst to help you understand the market in a better way to handle your critical question

  • CUSTOMIZE AS PER YOUR NEED

    Citing your business specific requirement our consultant would assist you ensuring targeted goal is achieved

  • DISCOUNT ON CUSTOMISATION

    Get 10% free customization

  • QUALITY ASSURED

    Great focus on accuracy and quality of the research

Connect With Us

Call us

(U.S.) - +1 646 586 9123
(Canada) - +1 437 889 3230
(U.K.) - +44 203 608 5919
(India) - + 91 120 660 5495
Email: info@researchnester.com

RELATED REPORTS

Delivery Center

Ansal Corporate Park, Plot no 7A/1,
Tower A1,
Sector 142 Noida., 201301 India
info@researchnester.com

US Office

77 Water Street 8th Floor,
New York, New York, 10005
Phone : +1 646 586 9123
info@researchnester.com

Canada (Toronto)

Phone : +1 437 889 3230
info@researchnester.com


UK Office (London)

Phone : +44 203 608 5919
info@researchnester.com

Subscribe To Our Newsletters

Copyright © 2018 Research Nester. All rights reserved

Top