LAMEA Anti-corrosion Coating Market Size, Share & Trends Analysis Report By Technology, By Type, By End Use Industry, By Country and Growth Forecast, 2024 - 2031

The Latin America, Middle East and Africa Anti-corrosion Coating Market is expected to witness market growth of 7.9% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 1,595.2 kilo tonnes, showcasing a growth of 7.4% (2024-2031).

Solvent-borne anti-corrosion coatings are widely recognized for their superior performance in protecting metal surfaces against corrosion. These coatings use organic solvents to dissolve the binder, pigments, and additives, allowing for a smooth and even application. Solvent-borne coatings are particularly effective in providing strong adhesion, durability, and resistance to harsh environmental conditions, including moisture, chemicals, and UV radiation. Thus, the Saudi Arabia market is expected to utilize 104.81 kilo tonnes anti-crossin coating by Solvent-borne anti-corrosion coatings technology by 2031.



The Brazil market dominated the LAMEA Anti-corrosion Coating Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of USD1.57 billion by 2031. The Argentina market is showcasing a CAGR of 8.5% during 2024-2031. Additionally, the UAE market would register a CAGR of 7.1% during 2024-2031.

Anti-corrosion coatings prevent electrochemical reactions that compromise the structural integrity of metals and alter their corrosion-induced appearance are slowed. Pipelines transporting oil and gas are often buried underground or submerged underwater, exposing them to soil, water, and other environmental conditions that can cause corrosion.

Additionally, Anti-corrosion coatings, such as fusion-bonded epoxy (FBE) and polyethylene coatings, are applied to the exterior surfaces to protect against these elements. Internal surfaces of pipelines are coated to prevent corrosion caused by the transported hydrocarbons, which can contain water, carbon dioxide (CO2), hydrogen sulfide (H2S), and other corrosive substances. These coatings also help reduce friction and improve flow efficiency.

The UAE has considerable oil and natural gas reserves, ranking among the top producers. The UAE has a well-developed oil and gas exploration, production, refining, and export infrastructure. In addition to oil and gas, the UAE invests in renewable energy, nuclear power, and other non-oil sectors as part of its economic diversification strategy. Coatings prevent corrosion and rust formation on pipelines, ensuring the integrity and safety of the transportation network in the UAE. Internal coatings prevent corrosion and fouling inside pipelines, reducing friction, and improving flow efficiency in the UAE. As per the International Trade Administration (ITA), the United Arab Emirates is among the top ten oil producers in 2022.

List of Key Companies Profiled

• The Sherwin-Williams Company
• 3M Company
• Hempel A/S
• PPG Industries, Inc.
• The Dow Chemical Company
• Kansai Paint Co., Ltd.
• Wacker Chemie AG
• BASF SE
• Akzo Nobel N.V.
• Nippon Paint Holdings Co., Ltd.

Market Report Segmentation

By Technology (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Solvent-Borne
• Water-Borne
• Powder Coatings
• Other Technologies

By Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Epoxy
• Polyurethane
• Acrylic
• Alkyd
• Zinc
• Chlorinated Rubber
• Other Types

By End Use Industry (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Marine
• Oil & Gas
• Industrial
• Construction
• Energy
• Automotive
• Others

By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA