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Anti-corrosion Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A3713
Year End
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Market Overview:
The global anti-corrosion coatings market is expected to exhibit a growth rate (CAGR) of 4.6% during 2023-2028.
Anti-corrosion coatings are widely used to protect metal surfaces from degradation caused by oxidation, moisture, and exposure to chemicals. These coatings form a protective layer, which acts as a barrier against substrates and chemicals, thereby increasing the lifespan of the metal component. They also provide protection against impact, weathering, abrasion and can withstand high temperatures. Consequently, anti-corrosion coatings are extensively used across different end use industries such as oil and gas, construction, automotive, and energy.
The flourishing automotive industry represents one of the key factors creating a positive outlook for the market. Apart from this, the renovation of buildings and the uptake of new infrastructure projects worldwide is increasing the sales of steel, which is a major raw material utilized in infrastructure development. As steel is prone to corrosion despite its high tensile strength, the demand for anti-corrosion coatings is escalating across the globe. These coatings are also used on machines and equipment that are not in operation and require maintenance to avoid degradation and rusting. Besides this, it is utilized in flooring, storage containers, water hydration systems, water coolers, kitchen mats and shelving in the food and beverage (F&B) industry. Additionally, a considerable rise in economic losses due to corrosion of structures is catalyzing the demand for anti-corrosion coatings. Other factors, such as the escalating need for thin-walled durable metallic components in the production of lightweight products, along with reduced exploration and marine operation activities, are anticipated to fuel the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global anti-corrosion coatings market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on technology, material and application.
Breakup by Technology:
- Solvent-based
- Water-based
- Powder
- Others
Breakup by Material:
- Acrylic
- Alkyd
- Polyurethane
- Epoxy
- Zinc
- Others
Breakup by Application:
- Oil and Gas
- Marine
- Building and Construction
- Automotive and Rail
- Aerospace and Defense
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Akzo Nobel N.V., Ashland, Axalta Coating Systems LLC, BASF SE, Hempel A/S, Jotun, Kansai Paint Co. Ltd., PPG Industries Inc., RPM International Inc., Sika AG and The Sherwin-Williams Company.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Technology, Material, Application, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Akzo Nobel N.V., Ashland, Axalta Coating Systems LLC, BASF SE, Hempel A/S, Jotun, Kansai Paint Co. Ltd., PPG Industries Inc., RPM International Inc., Sika AG and The Sherwin-Williams Company |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global anti-corrosion coatings market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global anti-corrosion coatings market?
- What are the key regional markets?
- What is the breakup of the market based on the technology?
- What is the breakup of the market based on the material?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global anti-corrosion coatings market and who are the key players?
- What is the degree of competition in the industry?
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