Anti-Corrosion Coating Market Overview:
Anti-Corrosion Coating Market is expected to witness a significant growth of USD 33.27 Bn by 2023 with CAGR of 5.3% between by 2023.
Anti-Corrosion Coatings Industry is primarily be driven by a boom in residential construction activity in the world and growing automotive industry in the Asia Pacific region. In addition to this, increasing spending capacity of people in turn is expected to benefit the major applications in which Anti Corrosion coatings and preservatives are used – namely metals like steel, aluminium, titanium among others.
Some metals and alloys, such as steel, Iron, aluminium, and magnesium, are extensively used in oil & gas, shipbuilding, marine, energy, transport, automotive, and others which are often at the threat of corrosion. Many techniques have been used to shield such metals from corrosion. The corrosion resistant coatings have concerned for many years due to its durability and efficiency.
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Anti-Corrosion Coating Market Key Players:
Anti-Corrosion Coating Market is driven by some of the leading players operating in the market including 3M (US), BASF SE (Germany), Hempel Group (Europe), Kansai Paint Co., Ltd (Japan), PPG Industries (US), The Dow Chemical Company (US), Wacker Chemie AG (Germany), Valspar (US), Bluchem (South Africa), RPM International Inc. (US) With their sedulous work these fervent players are constantly bringing up novelties in Anti Corrosion Coating. Acknowledging their contribution, MRFR has profiled them in their Analysis.
Anti-Corrosion Coating Market Segment Analysis:
Segmentation by Type: Comprises Epoxy, Zinc, Acrylic, Silicone, Polyurethane Alkyd, Chlorinated Rubber, and Others (fluorocarbons, co-polymers, grapheme, ceramic, and glass flakes).
Segmentation by Application: Comprises Water-Based Coating, Solvent-Based Coating, Powder Coating, and others (antifouling coatings, high-energy cure coatings, Nano-coatings).
Segmentation by End User Industry: Comprises Oil & Gas, Shipbuilding, Marine, Energy, Transport, Automotive, and others (pipes & tanks, power plants, wastewater treatment plants, wind turbines, construction)
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Anti-Corrosion Coating Market Regional Analysis:
Asia Pacific is the largest market of Anti-Corrosion Coating due to demand in various applications such as marine and shipbuilding industry in China region followed by Japan, and India. APAC has increasing demand for water-based coating and solvent-based coating specifically in India, Taiwan, and South Korea.
On the other hand, North America region is the second highest production region for water-based coating and solvent-based coating. The third largest market of Anti Corrosion Coating is Europe followed by Latin America and Middle East. Latin America witnessed inclining growth of Anti Corrosion Coating market due to various applications such as oil & gas, shipbuilding, marine, energy, transport, automotive, and others.
Anti-Corrosion Coating Market Table of Content:
1 Executive Summary
2 Scope of the Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Anti Corrosion Coating Market
Anti-Corrosion Coating Market Table of Content to be Continue……,
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