Corrosion is the surface deterioration of metal within a particular environment because of oxidation, moisture, salt spray, etc. Anti-corrosion coating prevents the corrosion of metal by acting as a barrier between corrosive material and the base metal. These coatings are highly used for enhancing the metal sheets life and its usage. These metal sheets are utilized by various industries ranging from marine oil gas, industrial power generation, automotive, and others. It is mostly used in the shipbuilding and construction industry and its raw materials are derived from petroleum.

Rising loss due to corrosion in shipbuilding, construction, and other industry is one of the most significant factors driving the growth of the anti-corrosion market. The growth of end-use industries, including power generation and transportation automotive, is another major factor supporting the growth of the market. The end-users of anti-corrosion coating prefers those products that provide chemical, water, acid, hydrocarbon resistance, improve productivity and increase the service of the component, and the products that help in reducing the maintenance cost. The fluctuating raw material cost is one of the major factors restraining the growth of the market. 

Get Free Sample Report for More Industry Insights:

https://www.axiommrc.com/request-for-sample/10256-anti-corrosion-coating-market-report

The exclusive COVID 19 impact analysis provides an analysis of micro and macro-economic factors on the anti-corrosion coating market. In addition, complete analysis of changes on healthcare expenditure, economic and international policies on supply and demand side. The report also studies the impact of the pandemic on global economies, international trade, business investments, GDP, and marketing strategies of key players present in the market. COVID-19 outbreak has severely impacted the global anti corrosion coating industry, due to recession in other supporting industries including infrastructure companies, oil gas, and marine, as per government boundaries. On the other hand, the stringent rules and global lockdown have also urged other investors in coating industries to curtail down businesses. 

ANTI-CORROSION COATING MARKET - SEGMENTAL OVERVIEW

The study analyzed the global anti-corrosion coating market based on type, technology, end-users, and geography

ANTI-CORROSION COATING MARKET BY TYPE

Epoxy, polyurethane, acrylic, alkyd, zinc, and chlorinated rubber are the types of anti-corrosion coatings available in the market. The epoxy segment is projected to dominate the global anti-corrosion coatings market during the forecast period, owing to the increasing demand for epoxy coatings from oil gas, infrastructure, and marine industries.

ANTI-CORROSION COATING MARKET BY TECHNOLOGY

Based on technology the market is segmented into solvent-borne, waterborne, powder coating, and other technology. The solvent-based technology segment led the market and accounted the highest share in the market owing to rising demand for industrial tanks, manufacturing machines, pipes, ballast tanks, chemical storage tanks, gas ducts, cooling towers, smokestacks, etc. Moreover, solvent-based corrosion protection coating requires less drying time, exhibits improved temperature, humidity, and abrasion resistance.

ANTI-CORROSION COATING MARKET BY END-USE INDUSTRY

Anti-corrosion coating is used in marine, oil gas, industrial, automotive, construction, energy, and others and other industries. The oil gas application segment dominated the market and accounted the highest share. This high share is attributable to the extensive usage of corrosion protection coating in this sector. Furthermore, the anti-corrosion coating minimizes the risk of microbes and improves abrasion resistance surface finish. Anti-corrosion coatings also finds applications in hospitals, care homes, and drop-in centers for coating the floors, handles, beds, walls, and ceilings.

ANTI-CORROSION COATING MARKET BY GEOGRAPHY 

The Asia Pacific dominates the market due to rapid industrialization. In Asia Pacific, Japan, China, and South Korea lead the shipbuilding industry and new shipbuilding hubs are appearing in Vietnam, India. This further helps the anti-corrosion market to grow. Asia Pacific is the leading importer and exporter of crude oil and crude oil is the main ingredient used in the production of anti-corrosion coatings. Europe is also emerging as a strategic location for the anticorrosion market after the Asia Pacific. Increasing investment in the construction and shipbuilding industry is the major driving force behind the growth of the market in the region.

ANTI-CORROSION COATING MARKET KEY PLAYERS

The key competitor of the market includes 3M Co., AkzoNobel N.V., BASF SE, Hempel A/S, Akzonoble N.V., Kansai Paints Co., Ltd, Nippon Paints Co. Ltd., PPG Industries, Inc., The Sherwin-Williams Company, Axalta Coating Systems Ltd., The Dow Chemical Company, Wacker Chemie AG, among others.

Browse More Details Report: https://www.axiommrc.com/product/10256-anti-corrosion-coating-market-report

About Us:

Axiom Market Research Consulting™ is a full-service market research and data analytics company providing key market intelligence to global companies to take informed business decisions pertaining to their marketing strategy, investments, new product launches, market competition, consumer or end users, social media trends etc. 

Axiom Market Research Consulting™ offers market research services such as syndicated market research, custom market research, business consulting, and consumer/end user surveys. Under Business to Consumer (B2C) market research offerings, Axiom MRC assists its clients in finding quantitative information/preferences of its brands and services such as, awareness, usages, satisfaction, tracking, ethnicity etc. Axiom MRC offers data collection services through online surveys, social media, data processing and interpretation.

Axiom MRC with its experienced team of research and data analysts, has delivered more than 700+ Market Research Projects, 2100+ Data Analytics Projects, 260+ Business Support Projects and has a 400+ Global Client Base. Axiom Market Research Consulting™ aims to become the preferred market research and data Analytics Company by providing key market intelligence solutions for client’s business growth.

Contact Us:

Axiom Market Research Consulting™

3 Germay Dr. Ste 4 - 4666

Wilmington DE 19804

U.S.:- + 1 (845) 875-9786

U.K.:- + 44 (0) 20 3286 9707

Email: [email protected]

Website: https://www.axiommrc.com/

Follow On

LinkedIn:https://www.linkedin.com/company/axiom-market-research-and-consulting/

Twitter:  https://twitter.com/AxiommrcCom