The global Anti-Corrosion coating market, by geography, has been segmented into North America, Europe, Asia Pacific, Middle East and Africa (MEA), and South America. In the global Anti-Corrosion coating market, Asia Pacific is predicted to witness comparatively faster growing region and henceforth the growth rate as compared with other regions. Within Asia Pacific, marine, automobile, and transportation end user industry is expected to give the faster share growth of market followed by growth in countries such as Japan, China and India.
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
Key players profiled in the global Anti-Corrosion coating market include 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), and Others.
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As compared to other regions, the anti-corrosion coating market in North America is expected to witness significantly healthy growth, with rate relatively closer to that of the Europe region. In North America, the U.S and Canada are expected to drive the growth of anti-corrosion coating market. This is owing to the presence of large number of established player of anti-corrosion coating. In addition to this the region also has a well-established marine and transportation industry, while the oil & gas industry is still wealthy and is expected to be a major factor for the growth of anti-corrosion coating market.
In global Anti-Corrosion market Europe region hold the third position. In Europe region, countries including Germany, Italy, France and the U.K. are expected to drive the growth of anti-corrosion coating market. The wide industrial application in coating of automotive, transportation, and energy in this region drives market growth. The UK led the market share in 2016 and is predicted to continue its dominance over the forecast period from 2016 to 2023. However, France and Germany is expected to grow at a considerably growing rate.
Furthermore, many manufacturing company are coming up in the region adding to the growth of the sector. Up-to-date research effort in anticorrosion coatings is focused on the development of more type of coatings that can fulfill more stringent environmental standards, particularly in North America and Europe. It is found that water-based coating are also being growing segment in this region, and acrylic-based Water-based coating has been rising swiftly. Latin America and Middle East also witnessed in growth of Anti-Corrosion Coating market due to various application such as oil & gas, shipbuilding, marine, energy, transport, automotive, and others.
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- North America
- Western Europe
- Rest of Western Europe
- Eastern Europe
- South Korea
- Rest of Asia
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