Anti-Corrosion Coating Market to Exceed Market Value of USD 33.27 Billion at 5.3% CAGR from 2017-2023

“Anti Corrosion Coating Market”
Anti Corrosion Coating Market Information- by Type (Epoxy, Zinc, Acrylic, Silicone, Polyurethane Alkyd, Chlorinated Rubber, and Others), by Application (Water-Based Coating, Solvent-Based Coating, Powder Coating, and Others), by End User Industry (Oil & Gas, Shipbuilding, Marine, Energy, Transport, Automotive, and Others) and by Region – Forecast till 2023

Market Research Future published a Half Cooked Research Report on “Global Anti Corrosion Coating Market Research Report – Forecast to 2023”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

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) among others are some of the prominent players at the forefront of competition in the Global Anti Corrosion CoatingMarket and are profiled in MRFR Analysis.

Global Anti Corrosion Coating Market is expected to witness a significant growth of USD 33.27 Billion by 2023 with CAGR of 5.3% between 2016 and 2023.

Anti-Corrosion Coating Market – Overview

Apart from the aesthetic aspects, the Anti-Corrosion needs to be protected against mechanical, physical and chemical attack is the reason why we coat the Anti-Corrosion. There are verity of demands on Anti Corrosion coatings. The demand for materials for exterior application are different to those for products for interior applications. To fulfil this demand, several types of binders and additives are available. Furthermore, the application technology used depends on both the binder and the market. Improvement in sustainability, reduction of harmful substances and reduction of volatile organic compounds (VOC) are some of the general trends as per the requirement and regulations in global anti-coating market. The relative importance of the various trends in anti-corrosive market depends on the governmental regulations in regions and on consumer need.  

The growth in the anti-corrosion 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 benefits the major applications in which Anti Corrosion coatings and preservatives are used – namely metals like steel, aluminium, titanium among others.

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Industry/ Innovation/ Related News:

March 2017 – In order to meet the growing global demand for high-quality and, in particular, zinc-free anticorrosive pigments and to satisfy the individual needs and requirements of customers in North, South, and Central America, Heubach has planned to construct a production facility for anticorrosive pigments coating in the US. With this expansion, company will reach tothe production capacity by 4000 t.

January 2017 – CVD Equipment Corporation, a leading provider of chemical vapor deposition systems, announced that its CVD Materials Corporation subsidiary plans to open a US facility for expansion of the corrosion resistant coating services currently offered through its Tantaline CVD ApS subsidiary in Nordborg, Denmark.   Tantaline A/S was originally founded in 2007 as a spin off from The Danfoss Group and is an established leader in the commercialization of tantalum-treated parts for corrosion resistance.  CVD acquired the assets and IP of Tantaline A/S in December 2016 and established in Nordborg a new and wholly-owned CVD subsidiary operating under the name Tantaline CVD ApS (“Tantaline®”).

February 2015 – SAPICI launches a new polyurethane anti-corrosion primer. It unveils a new revolutionary 2k coating system which is going to change the world of anticorrosion primers. It is fast drying therefore it dramatically reduces the time wasted in the recoatability process. It also actively participates in the complete coating cycle anticorrosion effect along with perfect adhesion and flexibility for post forming process. Standard chemistry used for this kind of application is based on epoxy, amino and acrylic system, which require high production cost for the curing, in terms of equipment (furnace, heating room, industrial oven) and time for the recoatabily. SAPICI is glad to introduce a 2k PU metal primer system now able to overcome all these limits and to therefore save energy and time, with a profitable effect on the entire production chain.

Anti-Corrosion Coating Market   – Regional Analysis

Asia Pacific region accounted largest market share in the global anti-corrosion market and expected to dominate during the forecast period due to rising population, automotive and growing residential and non-residential activities in the region. China being largest consumer, manufacturer and exporter of anti-corrosion coating. Chinese manufacturers are mostly small manufacturers and some of the prominent manufacturers. In addition to this, North America & Europe have witnessed healthy growth in anti-corrosion coating market owing to a growing non-residential repair, renovation and new construction activities in the region.

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Competitive Landscape:

The report analyses the degree of competition among the industry players as well as industry growth and market scenario. The global anti-corrosion coating market is at a growing stage, which represents moderate stats in terms of market value and overall volume. Over the past few years, anti-corrosion coating market has witnessed healthy demand due to increasing spending capacity of people which has stoked sales of furniture. Nevertheless, the degree of competition among the market players is still less owing to limited major market players across the globe. Globally market for anti-corrosion coating is fragmented and it is moving towards growth expansion by specifically adopting partnership, expansion and joint-venture strategies and product launch strategies.

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