Dublin, December 31, 2020 (GLOBE NEWSWIRE) – Added to the report “Anti-Corruption Coats Market by Technology, Type, End User Industry – Global Opportunity Survey and Business Outlook, 2020-2030” ResearchAndMarkets.com’s offering.
The global anti-corrosive coating market was valued at USD 27.39 billion in 2019 and is expected to reach USD 63.72 billion by 2030, expanding at a CAGR of 7.9% during the forecast period, from 2020 to 2030. In terms of size, the market stood at 7,046.9 kilotons in 2019 and is expected to reach 13,940.5 kilotons by 2030, expanding at a CAGR of 6.3% over the forecast period.
These coatings have wide applications in sectors such as aerospace & defense, construction & building, marine, oil & gas, automotive, and energy, as they offer superior structural strength, protection against UV radiation, and heat strength.
Market dynamics and trends
The growth of the global anti-erosion cover market is due to growing government initiatives to improve public infrastructures, favorable regulatory standards for products with low volatile organic fertilizers (VOCs), rising awareness of eco-products -friendly, and a growing number of residential and commercial products. projects. In addition, infrastructure upgrades, increased losses due to irritability, and growing demand for anti-corrosion coating in the end-use industries are expected to fuel the market during the year. expected time.
However, the implementation of strict environmental regulations regarding the use of several aggressive chemicals, restriction of coating against epoxy corrosion, fluctuations in the cost of crude oil and the high cost of raw materials hinder the growth of the market. On the other hand, the growing use of anti-corrosion coating in the solar and wind power industries and the growing demand for high-efficiency corrosion-resistant coating are expected to create opportunities in the field. market.
Market types and scope of the study
The global anti-corrosion coating market is highly fragmented in terms of technology, type, end-user industry, and geography. Based on technology, the market is segmented into solvent, powdered by water, powder and others. On a type basis, the market is epoxy, polyurethane, acrylic, alkyd, zinc, chlorinated rubber, and others. In terms of end-user industry, the market is classified as marine, oil & gas, industry, construction, energy, automotive, and others. Based on geography, the global anti-corrosion coating market is broken down into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
Geographical Analysis
The Asia-Pacific market is expected to expand at a high CAGR during the forecast period, due to the growing demand for anti-corrosion coating in the industry power generation, increased need for high quality infrastructure, high maintenance requirement in the car industry. , and the implementation of strict government rules and regulations in this area. In addition, easy access of anti-corrosion solutions, low labor costs, and high shipping traffic in the region fuel the market in the region.
North America is estimated to account for the largest share of the market due to factors such as the increase in government military investments, the presence of a large naval base, and rapid growth in the oil & gas industry. this department.
Key topics covered:
1. Introduction
2. Market Snapshot, 2019-2030 Million Usd
3. Porter Force Five Model Analysis
4. Market dynamics
5. Global Anti-Corruption Coverage Market, by Type
6. Global Anti-Corruption Coverage Market, by Technology
7. Global Anti-Corruption Coverage Market, by End Use Industry
8. Global Anti-Corruption Coverage Market, by region
9. Company Profiles
- BASF SE
- 3M Co.
- Wacker Chemie AG
- AkzoNobel NV
- PPG Industries, Inc.
- Sherwin-Williams Company
- Dow Chemical Company
- Hempel A / S.
- Kansai Paints Co., Ltd
- Nippon Paints Co. Earr.
For more information about this report, visit https://www.researchandmarkets.com/r/eivzca
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