Market Research Future Published a Half-Cooked Research Report on Global Anti-Rust Coating Research Report.
Market Overview
Anti-rust coating is used to prevent corrosion of metals from moisture, humidity, salt spray, and exposure to a variety of environmental or industrial chemicals.
Technologically, the anti-rust coating is manufactured as solvent-based, waterborne, powder coating, and UV cured. Presently, the waterborne coating is the largest segment driving the market growth due to the low emission of VOCs. The powdered coating is an excellent choice due to its zero VOC emission and environmentally friendly nature. It also offers properties such as durability, scratch resistance, resistance to chalking, gloss retention, and improved coating efficiency.
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Additionally, it qualifies American Architectural Manufacturing Association (AAMA) specifications for an eco-friendly process. Although solvent-based coating offers superior properties such as less drying time and block resistant feature, it has high VOC content. Anti-rust coating market is primarily driven by its application in various end-use industries such as marine, oil & gas, shipbuilding, infrastructure, transportation, aerospace & defense, and others. Offshore and civilian marine industries demand anti-rust coating for shipbuilding and boat repairing due to its cost-effectiveness and superior properties of water and corrosion resistance. Sophisticated drilling, wellhead, and subsea equipment demand anti-rust coating for oil & gas exploration and extraction. The properties such as scratch resistance, glossy appearance, lesser drying period are extensively required in automotive, infrastructure, and transportation, which is likely to surge the market growth during the forecast period.
Market Segmentation
The global anti-rust coating market is segmented on the basis of the type, technology, end-use industry, and region.
On the basis of the types, the global anti-rust coating market is segmented into epoxy, polyurethane, acrylic, alkyd, zinc, chlorination, and others.
Based on the technology, the global market is categorized into solvent-based, waterborne, powder coating, and UV cured.
On the basis of the end-user industries, the global market is segregated into marine, oil & gas, power generation, shipbuilding, infrastructure, transportation, aerospace & defense, and others.
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Regional Analysis
The global anti-rust coating market is segmented into five key regions Asia Pacific, Latin America, North America, the Middle East & Africa and Europe.
The Asia Pacific is the leading region in the global anti-rust coating due to the increasing demand from end-use industries such as infrastructure, automotive, and transportation. Developing countries such as China, India, Japan, and Indonesia are expected to fuel the market growth on account of modernization of infrastructure, growing demand from end-use industries coupled with growing population. China is the largest market in the regional market, terms of value due to its rapidly growing building and construction industry in this region. China is followed by India, Japan, Thailand, Vietnam, and others due to the huge demand for the product in shipbuilding, marine, infrastructure, and automotive, sectors.
Latin America is expected to showcase positive growth owing to the increasing industrial activities in the marine and oil & gas industries, especially for on & offshore drilling machinery and the presence of a large number of oil deposits in Brazil and Venezuela.
The U.S. is the major contributor to the anti-rust coating market due to its expanding applications in the automotive industries in the North American region.
The Middle East & Africa is projected to witness a considerable market growth on account of the presence of abundant oil & gas reserves and petrochemical resources during the forecast period.
Europe is expected to experience slow growth owing to the stringent environmental regulations. For instance, under Directive 2004/42/CE of the European Parliament on the limitation of emissions of volatile organic compounds due to the use of organic solvents in certain paints and varnishes and vehicle refinishing products. These regulations are cited as European Union (Paints, Varnishes, Vehicle Refinishing Products and Activities) Regulations 2012. Nevertheless, Eastern Europe wherein Russia is the only driver of the anti-rust coating market due to the growing demand from industrial, decorative, and others applications.
Segmentation
The global anti-rust coating market is segmented on the basis of the type, technology, end-use industry, and region.
On the basis of the types, the global anti-rust coating market is segmented into epoxy, polyurethane, acrylic, alkyd, zinc, chlorination, and others.
Based on the technology, the global market is categorized into solvent based, waterborne, powder coating, and UV cured.
On the basis of the end-use industries, the global market is segregated into marine, oil & gas, power generation, infrastructure, transportation, aerospace & defense, and others.
Geographically, the global market is segmented into five key regions Asia Pacific, Latin America, North America, the Middle East & Africa, and Europe.
Key Players
Some of the prominent manufacturers in the global market of anti-rust coating are Akzo Nobel N.V. (Netherlands), PPG Industries, Inc. (U.S.), Axalta Coating Systems Ltd. (U.S.), BASF SE (Germany), The Sherwin-Williams Company (U.S.), Ashland Inc. (U.S.), Kansai Paint Co., Ltd. (Japan), Hempel A/S (Denmark), Nippon Paints Co. Ltd (Japan), Jotun (Norway), RPM International Inc. (U.S.), DowDupont (U.S.), Bluechem (Africa), Chugoku Marine Paints Ltd. (Japan), and Clariant (Switzerland).
Intended Audience
Anti-rust coatings Manufacturers
Traders and distributors of Anti-rust coatings
Research and development institutes
Potential investors
Raw material suppliers
Nationalized laboratory
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