Reports and Data estimates the global Corrosion Protection Coating competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2027 as the forecast period. The report offers CAGR and market size for the global Corrosion Protection Coating during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include Jotun (Norway) , Hempel A/S Ashland Inc. (US) , RPM International , Sherwin-Williams , The Sherwin-Williams Company, BASF SE (Germany), Axalta Coating Systems Ltd. (US), PPG Industries , and AkzoNobel N.V. They are the major manufacturers of the market.
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Corrosion Protection Coating Overview :-
The global anti-corrosion coating market growth is anticipated to witness profitable occasions during the forecast period, owing to factors such as an increase in demand for steel in the construction & automotive industry. Besides, the increase in growth of marine industry in Asia-Pacific and North America, infrastructure upgrading across different areas raise the global demand for anti-corrosion coating during the forecasted period. However, the risks also led to a boost in government management, restricting the growth of anti-corrosion coatings. Moreover, research and development to produce bio-based anti-corrosion coatings which is expected to provide lucrative growth opportunities. The Solvent-borne products are considered for a notable share of market demand in industries including automotive, manufacturing, and construction due to its superior cohesiveness and thin-film applying. Rising industrialization, coupled with the growing use of steel in-plant building fabrication, is expected to be the key growth driver for corrosion protective products over the forecast period. However, highly toxic nature due to high VOC content and higher flammability is expected to restrain the market over the next eight years. Besides, the improvement of environment-friendly waterborne products as a substitute to solvent-borne coatings it is assumed to pose a difficulty to the market growth.
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For the purpose of this report Reports and Data has segmented global Corrosion Protection Coating market on the basis of type, application, and region:
Resin Outlook (Revenue, USD Billion; 2017-2027)
- Polyurethane
- Alkyd
- Epoxy
- Acrylic
- Others (silicone and zinc)
Technology Type Outlook (Revenue, USD Billion; 2017-2027)
- Powder-based
- Water-based
- Solvent-based
Application Outlook (Revenue, USD Billion; 2017-2027)
- Marine
- Oil & Gas
- Automotive
- Industrial
- Building & Construction
- Others (Aerospace and Defense)
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
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Key Questions answered by the Report:
- What is the expected year-on-year growth of the Corrosion Protection Coating during the forecast period?
- What key trends are expected influence revenue growth of the market going ahead?
- Which region is expected to account for largest revenue share over the forecast period?
- Which key companies are profiled in the report?
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