COVID-19 Impact Analysis on Corrosion Protection Coatings Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2023-2032. The report encompasses data regarding market share and recent developments by key players. Moreover, this market report also covers regional and country markets in detail.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Corrosion Protection Coatings market include Valspar Corporation, AkzoNobel N.V., The Sherwin-Williams Company, PPG Industries Inc., Nippon Paint Holdings Co. Ltd., Axalta Coating Systems, Tnemec Company Inc., Hempel A/S, 3M Company, Jotun A/S, Carboline Company, Kansai Paint Co. Ltd., Wacker Chemie AG, BASF SE, RPM International Inc., and others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
The corrosion protection coatings market is influenced by factors such as industrial growth, infrastructure development, and the need for durable and long-lasting protective coatings. Corrosion poses a significant threat to various metal surfaces in industries such as oil and gas, automotive, and infrastructure. The demand for corrosion protection coatings arises from the need to extend the lifespan of assets, reduce maintenance costs, and ensure operational efficiency. Technological advancements, including the development of eco-friendly and high-performance coatings, contribute to market growth. Additionally, stringent environmental regulations and standards drive the adoption of corrosion protection coatings with low VOC (volatile organic compound) content. The growth of offshore and marine industries, where corrosion resistance is critical, further stimulates market demand. As industries prioritize asset integrity and safety, the corrosion protection coatings market continues to evolve with innovative solutions and application techniques.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of corrosion protection coatings. The growth and trends of corrosion protection coatings industry provide a holistic approach to this study.
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Market Segmentation
This section of the corrosion protection coatings market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By End-User Industry
- Petrochemical
- Oil & Gas
- Marine
- Infrastructure
- Water Treatment
- Power Generation
By Resin Type
- Zinc
- Epoxy
- Chlorinated Rubber
- Polyurethane
- Acrylic
- Others
By Technology
- Powder
- Water-Based
- Solvent-Based
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Corrosion Protection Coatings market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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The global Corrosion Protection Coatings Market size is projected to grow from USD 6.9 billion in 2020 to USD 8.9 billion by 2025, at a CAGR of 5.3%.Worldwide, corrosion causes huge financial losses in many industries.Browse 111 market data Tables and 66 Figures spread through 236 Pages and in-depth TOC on "Corrosion Protection Coating Market by Type (Epoxy, Polyurethane, Acrylic, Alkyd, Zinc, Chlorinated Rubber), Technology (Solvent, Water, Powder), End-Use Industry (Marine, Oil & Gas, Petrochemical, Infrastructure),And Region – Global Forecast to 2025"The epoxy based corrosion protection coatings to lead the market, by type, during the forecast period.Epoxy is estimated to lead the market during the forecast period.
It is widely used in corrosion protection coating because of its excellent adhesion, corrosion protection, and chemical resistance properties.
The properties of epoxy-based coatings can be enhanced by the suitable addition of additives and modifiers to meet the required specifications.
These properties make them ideal for use in metallic surfaces such as cast iron and aluminium.Shipbuilding and maintenance & repair in the marine sector are the major applications of epoxy corrosion protection coating.
PPG also delivers protective coating solutions for a wide range of industries.
The company has advanced coating systems that have proven protection from corrosion, high temperatures, and fire; ensures durability and aesthetic performance that will protect valuable assets and meets the specific needs of any environment.In February 2020, PPG collaborated with Dow on Sustainable Future Program to reduce carbon impacts.
