In the Report “Anticorrosion Coatings Market: By Base Material (Epoxy, Alkyd, Acrylic, Urethanes, Vinyl and Others); By Applications (Oil & Gas, Marine, Energy And Power, Construction and Infrastructure, Automotive, Aerospace and Others), By Geography– With Forecast 2018-2023)” published by IndustryARC, the market is influencing the growth,due to the increasing adoption inpower generation, automotive & transportation,construction and infrastructure industry.
Asia-Pacific with major share in the Anticorrosion Coatings Market:
Asia-Pacific dominates the anticorrosion market with a share of approximately 50% in 2018 and is slated to generate arevenue of $1.54billion in 2018. The market for APAC is forecast to grow at a CAGR of 7.24% and will reach $2.32billion by 2023, which is mainly attributed to the growing demand from the construction industry. Europe anticorrosion coatings market is scrutinized with respect to countries including U.K, France, Germany, Russia, Turkey and others. These regions are poised on the basis of its modesty in the automotive and aerospace industry. The total market for anticorrosion protection in Europe was $673.04 million in 2018 and is estimated to grow with a CAGR of 4.03% to reach $842.93 million during the forecast period of 2018-2023.Research activities are beingcarried out to innovate and are responsible to drive the anti-corrosion protection market.
Selected Base Material Analysis done in the full Report:
The global market for anticorrosion coating by base material was $18.79 billion in 2018 and is anticipated to see a surge during the prediction.The market will grow at a CAGR of 4.74% and to reach $24.40 billion till 2023. The major types of base materials used to protect from contact with water, high humidity, mist, salt and sand and other factors are as such epoxy, alkyd, acrylic and more. Epoxy paint based anticorrosion coating sector generated the maximum revenue of $7.51 billion in the overall anticorrosioncoatings market at a CAGR of 4.75% to reach $9.31 billion by 2023.Epoxy coating based coating market is set to experience a surge due to the growing advancements in the oil & gas marine industry. Acrylic resins is a type of material, which do not hold a significant share in the overall anticorrosion coating market, yet they are anticipated to have a high and fast growth rate to a surface and mainly depends on the resin which is used in its formulation.
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Another type of material is alkyd based, which is applied to a surface and mainly depends on the resin which is used in its formulation. Thistype of material possesses properties likehardness, flexibility, abrasion resistance, alkali and adhesion resistance. The material used in services has shown abetter functionality, thus playinga very important role in the coating formulation. Urethane resins are used in numerous applications such as foams, coatings, elastomers, resins, and medicine.The market for urethane based anticorrosion coating is estimated to grow at a CAGR of 5.84%, and will generate a revenue of $3.50 billion till 2023.Vinyl resin is highly resistant to heatand is durable as well. Vinyl also provides maximum corrosion resistance to most fuels, vapors as well as chemicals.The market is set to grow at a CAGR of 5.56% and to reach arevenue of $3.10 billion till 2023.
Excerpts on Market Growth Factors:
• Suppliers are working in the development of new improved product performance, by reducing the pricing factor coupled with product differentiation. This new entrant in the industry is prone to such fears for competitors and will be seen at ahigh growth rate.
• The increasing oil and gas drilling and exploration activities in the recent past have been the indirect cause of the rising consumption of high performance anti-corrosion coatings. The upsurge of these activities has led to an urgent need for maintenance inthe industrialequipment.This has spurred the demand for protective coatings that improve the lifespan of metal surfaces and prevent it from corroding or getting damaged due to weathering and harsh climatic conditions.
• Recent developments in raw materials for these coatings might automate the product differentiation process, which going further will act as a serious threat for the current providers. Services such as specialty coatings will still see large players maintain their position in the market.
Key players of the Anticorrosion Coatings Market:
The key players operating in anticorrosion coatings market are AkzoNobel N.V., BASF SE, Diamond Vogel Paints, PPG Industries, The Sherwin-Williams Company and others. AkzoNobel N.V. is the leading supplier in the anticorrosion coatings market contributing to nearly 18% of the overall revenue. AkzoNobel through its broad range of products and constant product launches and innovation, such as Resicoat and Cromadexare consequently maintaining their hold over the market. PPG Industries Inc. has been successful in catering to industrial and manufacturing needs, but their strong hold in the oil and gas sector is the prime reason they are amongst the leading suppliers. Aqaupon, Speedhide, PITT-TECH, 8340/2320 are some of its products thatare utilized across the globe. The other finding saysthat for coming years, PPG Industries is supposed tomaintain its positionin the market.
Anticorrosion Coatings Market report is segmented as below:
The Global Anticorrosion Coatings Market study across various end user industries is incorporated in the report.
A. Global Anticorrosion Market By Base Material
1. Epoxy
2. Alkyd
3. Acrylic
4. Urethanes
5. Vinyl
6. Others
B. Global Anticorrosion Market By Applications
1. Oil & Gas
2. Marine
3. Energy And Power
4. Construction and Infrastructure
5. Automotive
6. Aerospace
7. Others
C. Anticorrosion Coatings Market by Geography (covers 10+ countries)
D. Anticorrosion Coatings Market Entropy
Companies Citied / Interviewed
1. Kansai Paint Co.,Ltd
2. Jotun
E. I. Du Pont De Nemours And Company
3. Axalta Coating Systems, Llc
4. Hempel A/S
5. Nippon Paint Holdings Co., Ltd.
6. The Valspar Corporation
Related Report:
A. Antifouling Paints and Coatings Market
https://industryarc.com/Report/16522/antifouling-paintscoatings-market.html
B. Abrasion Resistant Coating Market
https://industryarc.com/Report/16520/abrasion-resistant-coatings-market.html
What can you expect from the report?
The Anticorrosion Coatings Market Report is Prepared with the Main Agenda to Cover the following 20 points:
1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
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Anti-Corrosion Coatings Market is growing at a CAGR of 5% during the forecast 2018-2023.
Anti-corrosion Paints & Coatings market is segmented by Type, and by Application.
Players, stakeholders, and other participants in the global Anti-corrosion Paints & Coatings market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2015-2026.Segment by Type, the Anti-corrosion Paints & Coatings market is segmented into:Water-Based CoatingSolvent-Based CoatingOtherDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/56621/global-anticorrosion-paints-coatings-2026-382Segment by Application, the Anti-corrosion Paints & Coatings market is segmented into:MarineContainersOffshore ConstructionsIndustrialOtherRegional and Country-level Analysis:The Anti-corrosion Paints & Coatings market is analysed and market size information is provided by regions (countries).The key regions covered in the Anti-corrosion Paints & Coatings market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.Competitive Landscape and Anti-corrosion Paints & Coatings Market Share Analysis:Anti-corrosion Paints & Coatings market competitive landscape provides details and data information by players.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.
The global Anti-Corrosion Coatings market report offers a significant assistant that helps the reader to get a thorough understanding of the value chain analysis.
The latest trends, developments, promotion, strategies, and many more provide an uphold success.
To reveal the general market trends coupled with conditions and variable tendencies the global Anti-Corrosion Coatings market report acts as a bible for the reader.
Anti-corrosion coatings are applied for the protection of solid metal surfaces from moisture, salt spray, and oxidation or exposure to a variety of environmental or industrial chemicals.
Anti-corrosion coatings are used in marine industry to protect hulls and yachts from corrosion caused by varying pressure, high temperature, and high content of salt present in the water.
Continuous need for repair and maintenance of equipment used in oil & gas industry is increasing the consumption of anti-corrosion coatings in the sector.
Latest added Global High-performance Anti-corrosion Coatings Market research study by AMA Research offers detailed outlook and elaborates market review till 2026.
At present, the market players are strategizing and overcoming challenges of current scenario;The study explored is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.
Anti-corrosion coatings are majorly used to protect metal and other surfaces from degradation triggered by various corrosive agents such as moisture, chemicals, and salt.
The rise in maintenance and repair activities in the global oil & gas industry, especially for oil drilling equipment, offshore installation machinery, process vessels, and transmission pipelines, is likely to be a major driver of the market in the next few years.
The Global High-performance Anti-corrosion Coatings segments and Market Data Break Down are illuminated below: by Type (Epoxy, Urethane, Acrylic, Others), Application (Oil & Gas, Marine, Construction, Tanks & Pipes, Power Generation, Others), Technology (Water-borne, Solvent-borne, Powder, UV-cured, Other) What's Trending in Market:Rising demand for acrylic coatingsThe increasing population and disposable income of consumers in developing countries are likely to drive the demandChallenges:The strict governmental regulations on VOC emissions are the potentialRestraints:The volatility in prices of crude oil and raw materials derived from primary petrochemicals Market Growth Drivers:High-performance anti-corrosion coatings are used to protect metal and concrete structures, tanks, pipes, and processing equipment from deterioration caused by exposure to corrosive environments including acid rain.
The regional analysis of Global High-performance Anti-corrosion Coatings Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World.
Anti-corrosion Paints & Coatings market is segmented by Type, and by Application.
Players, stakeholders, and other participants in the global Anti-corrosion Paints & Coatings market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2015-2026.Segment by Type, the Anti-corrosion Paints & Coatings market is segmented into:Water-Based CoatingSolvent-Based CoatingOtherDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/56621/global-anticorrosion-paints-coatings-2026-382Segment by Application, the Anti-corrosion Paints & Coatings market is segmented into:MarineContainersOffshore ConstructionsIndustrialOtherRegional and Country-level Analysis:The Anti-corrosion Paints & Coatings market is analysed and market size information is provided by regions (countries).The key regions covered in the Anti-corrosion Paints & Coatings market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.Competitive Landscape and Anti-corrosion Paints & Coatings Market Share Analysis:Anti-corrosion Paints & Coatings market competitive landscape provides details and data information by players.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.
Latest added Global High-performance Anti-corrosion Coatings Market research study by AMA Research offers detailed outlook and elaborates market review till 2026.
At present, the market players are strategizing and overcoming challenges of current scenario;The study explored is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.
Anti-corrosion coatings are majorly used to protect metal and other surfaces from degradation triggered by various corrosive agents such as moisture, chemicals, and salt.
The rise in maintenance and repair activities in the global oil & gas industry, especially for oil drilling equipment, offshore installation machinery, process vessels, and transmission pipelines, is likely to be a major driver of the market in the next few years.
The Global High-performance Anti-corrosion Coatings segments and Market Data Break Down are illuminated below: by Type (Epoxy, Urethane, Acrylic, Others), Application (Oil & Gas, Marine, Construction, Tanks & Pipes, Power Generation, Others), Technology (Water-borne, Solvent-borne, Powder, UV-cured, Other) What's Trending in Market:Rising demand for acrylic coatingsThe increasing population and disposable income of consumers in developing countries are likely to drive the demandChallenges:The strict governmental regulations on VOC emissions are the potentialRestraints:The volatility in prices of crude oil and raw materials derived from primary petrochemicals Market Growth Drivers:High-performance anti-corrosion coatings are used to protect metal and concrete structures, tanks, pipes, and processing equipment from deterioration caused by exposure to corrosive environments including acid rain.
The regional analysis of Global High-performance Anti-corrosion Coatings Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World.
The global Anti-Corrosion Coatings market report offers a significant assistant that helps the reader to get a thorough understanding of the value chain analysis.
The latest trends, developments, promotion, strategies, and many more provide an uphold success.
To reveal the general market trends coupled with conditions and variable tendencies the global Anti-Corrosion Coatings market report acts as a bible for the reader.
Anti-corrosion coatings are applied for the protection of solid metal surfaces from moisture, salt spray, and oxidation or exposure to a variety of environmental or industrial chemicals.
Anti-corrosion coatings are used in marine industry to protect hulls and yachts from corrosion caused by varying pressure, high temperature, and high content of salt present in the water.
Continuous need for repair and maintenance of equipment used in oil & gas industry is increasing the consumption of anti-corrosion coatings in the sector.