The acid proof lining market has been segmented by material type into ceramic brick lining, carbon brick lining, tile lining, thermoplastics lining and fluoropolymer lining. Among these segments, the thermoplastics lining segment is estimated to grow with major share during forecast period due to its low cost and wide range of applications. Further, the tile lining and brick lining segments are estimated to grow at a moderate CAGR over the forecast period.
The global market for acid proof lining is expected to flourish at a compound annual growth rate of 2.25% over the period 2016-2023. Properties such as high resistance from acid along with high mechanical strength are honing the demand for acid proof lining. Further, the protection from raised temperatures, concentrated chemicals and protection of equipment from deterioration by acid proof lining is expected to boost the growth of market by noteworthy revenue by the end of 2023.
In the regional segment, Europe represented the largest market share in 2015 owing to rapid growth in mining and chemical industry. Factors such as these are further expected to augment the growth of acid proof lining market in this region in coming years. Factors such as rising power generation sectors and water treatment plants across the Asia Pacific region are expected to make Asia Pacific as the second largest revenue contributor across the globe in the acid proof lining market.
Wide Scale Applications to Boom the Market
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. Additionally, availability of low cost acid proof linings such as ceramic brick lining, rapid growth in chemical and metallurgy industry is likely to foster the demand for acid proof linings in chemical industries.
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However, the high cost of acid proof linings and low cost alternative lining solutions is likely to inhibit the growth of the acid proof lining market in the near future.
The report titled Acid Proof Lining Market: Global Demand Analysis & Opportunity Outlook 2023 delivers detailed overview of the acid proof lining market in terms of market segmentation by material type, end-user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the acid proof lining market which includes company profiling of Ashland Inc., Polycorp Limited, STEULER-KCH GmbH, The STEBBINS Engineering and Manufacturing Company, the Sherwin-Williams Company and BASF.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the acid proof lining market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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