According to the report the global anti-corrosion coating market reached a value of USD 29.90 billion in 2022. Aided by the growing demand for protective coatings across industries and the burgeoning applications of anti-corrosion coatings in diverse sectors, the market is projected to further grow at a CAGR of 6.5% between 2023 and 2028 to reach a value of USD 43.63 billion by 2028.
Anti-corrosion coatings are integral in preventing material degradation due to exposure to moisture, salt, or a variety of industrial or environmental chemicals. They are commonly used across a wide array of products and structures, including bridges, ships, pipelines, and offshore platforms, to prevent the detrimental effects of corrosion. Apart from their protective attributes, these coatings can offer increased mechanical strength, chemical resistance, and aesthetic appeal, making them a crucial component in various industrial applications such as marine, oil and gas, construction, and automotive industries.
The growing industrial development across the globe is driving the global anti-corrosion coating market growth. With increased awareness of the potential financial losses due to corrosion, there has been a significant shift towards the adoption of preventive measures, leading to a surge in demand for anti-corrosion coatings. Additionally, the rising demand for durable and long-lasting products has further contributed to the increasing popularity of anti-corrosion coatings.
The expanding applications of anti-corrosion coatings in various sectors also significantly contributes to the global anti-corrosion coating market development. In the marine industry, these coatings are extensively used to protect ships and offshore structures from harsh sea environments. The construction industry utilises anti-corrosion coatings for steel structures, protecting them from moisture and pollution-induced corrosion. Furthermore, the coatings' attributes make them a critical element in the manufacturing of corrosion-resistant automotive parts.
Additionally, the growing demand for environmentally friendly solutions in the manufacturing industry has led to an increased focus on the development of water-based and organic anti-corrosion coatings. With the rise of sustainable manufacturing practices and increasing popularity of green alternatives, anti-corrosion coatings have emerged as a significant area of research and development, thereby boosting the global anti-corrosion coating market expansion.
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*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Anti-corrosion coatings are integral in preventing material degradation due to exposure to moisture, salt, or a variety of industrial or environmental chemicals. They are commonly used across a wide array of products and structures, including bridges, ships, pipelines, and offshore platforms, to prevent the detrimental effects of corrosion. Apart from their protective attributes, these coatings can offer increased mechanical strength, chemical resistance, and aesthetic appeal, making them a crucial component in various industrial applications such as marine, oil and gas, construction, and automotive industries.
The growing industrial development across the globe is driving the global anti-corrosion coating market growth. With increased awareness of the potential financial losses due to corrosion, there has been a significant shift towards the adoption of preventive measures, leading to a surge in demand for anti-corrosion coatings. Additionally, the rising demand for durable and long-lasting products has further contributed to the increasing popularity of anti-corrosion coatings.
The expanding applications of anti-corrosion coatings in various sectors also significantly contributes to the global anti-corrosion coating market development. In the marine industry, these coatings are extensively used to protect ships and offshore structures from harsh sea environments. The construction industry utilises anti-corrosion coatings for steel structures, protecting them from moisture and pollution-induced corrosion. Furthermore, the coatings' attributes make them a critical element in the manufacturing of corrosion-resistant automotive parts.
Additionally, the growing demand for environmentally friendly solutions in the manufacturing industry has led to an increased focus on the development of water-based and organic anti-corrosion coatings. With the rise of sustainable manufacturing practices and increasing popularity of green alternatives, anti-corrosion coatings have emerged as a significant area of research and development, thereby boosting the global anti-corrosion coating market expansion.
Market Segmentation
The market can be divided based on product type, technology, end use, and region.Market Breakup by Product Type
- Epoxy
- Polyurethane
- Acrylic
- Alkyd
- Zinc
- Chlorinated Rubber
- Others
Market Breakup by Technology
- Solvent-borne
- Waterborne
- Powder Coatings
- Others
Market Breakup by End Use
- Marine
- Oil and Gas
- Industrial
- Construction
- Energy
- Automotive
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global anti-corrosion coating companies. Some of the major key players explored in the report are as follows:- BASF SE
- Axalta Coating Systems LLC
- PPG Industries, Inc.
- The Dow Chemical Company
- Hempel A/S
- Nippon Paint Holdings Co., Ltd.
- The Sherwin-Williams Company
- Akzo Nobel N.V.
- Wacker Chemie AG
- 3M Co.
- Others
About the Publisher
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of these reports today.
*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Anti-Corrosion Coating Market Analysis
8.1 Key Industry Highlights
8.2 Global Anti-Corrosion Coating Historical Market (2018-2022)
8.3 Global Anti-Corrosion Coating Market Forecast (2023-2028)
8.4 Global Anti-Corrosion Coating Market by Product Type
8.4.1 Epoxy
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Polyurethane
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Acrylic
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Alkyd
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.4.5 Zinc
8.4.5.1 Historical Trend (2018-2022)
8.4.5.2 Forecast Trend (2023-2028)
8.4.6 Chlorinated Rubber
8.4.6.1 Historical Trend (2018-2022)
8.4.6.2 Forecast Trend (2023-2028)
8.4.7 Others
8.5 Global Anti-Corrosion Coating Market by Technology
8.5.1 Solvent-borne
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Waterborne
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Powder Coatings
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Anti-Corrosion Coating Market by End Use
8.6.1 Marine
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Oil and Gas
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Industrial
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Construction
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Energy
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
8.6.6 Automotive
8.6.6.1 Market Share
8.6.6.2 Historical Trend (2018-2022)
8.6.6.3 Forecast Trend (2023-2028)
8.6.7 Others
8.7 Global Anti-Corrosion Coating Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Anti-Corrosion Coating Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Anti-Corrosion Coating Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Anti-Corrosion Coating Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Anti-Corrosion Coating Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Anti-Corrosion Coating Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 BASF SE
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Axalta Coating Systems LLC
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 PPG Industries, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 The Dow Chemical Company
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Hempel A/S
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Nippon Paint Holdings Co., Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 The Sherwin-Williams Company
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Akzo Nobel N.V.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Wacker Chemie AG
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 3M Co.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
Companies Mentioned
- BASF SE
- Axalta Coating Systems LLC
- PPG Industries, Inc.
- The Dow Chemical Company
- Hempel A/S
- Nippon Paint Holdings Co., Ltd.
- The Sherwin-Williams Company
- Akzo Nobel N.V.
- Wacker Chemie AG
- 3M Co.
Methodology
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