The Asia Pacific Anti-corrosion Coating Market is expected to witness market growth of 6.2% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 4,182.8 kilo tonnes, showcasing a growth of 26.9% (2020-2023).
The marine industry relies heavily on anti-corrosion coatings to protect vessels, offshore platforms, and other marine structures from the harsh effects of seawater, salt spray, and humidity. Marine anti-corrosion coatings are specifically formulated to provide long-term protection against corrosion in some of the most challenging environments. Thus, the China market is expected to utilize 469.17 kilo tonnes of anti-crossion coating in marine by 2031.
The China market dominated the Asia Pacific 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 USD6.03 billion by 203. The Japan market is registering a CAGR of 5.7% during 2024-2031. Additionally, the India market would showcase a CAGR of 6.9% during 2024-2031.
offshore oil platforms are constantly exposed to seawater, which is highly corrosive. Anti-corrosion coatings are applied to the steel structures of platforms, including legs, decks, and topsides, to prevent rust and structural degradation. Epoxy and polyurethane coatings are commonly used for their durability and resistance to seawater.
Moreover, equipment such as risers, manifolds, and subsea pipelines are coated with specialized anti-corrosion materials to withstand the high-pressure, high-salinity conditions found on the ocean floor. Refineries and processing plants handle many corrosive substances at high temperatures and pressures. Equipment such as reactors, heat exchangers, and distillation columns are coated internally and externally to protect against corrosion.
Expanding manufacturing industries requires the construction of new factories, warehouses, and industrial facilities in Asia Pacific. Developing oil refineries, petrochemical plants, and pipelines necessitates using anti-corrosion coatings to protect infrastructure from chemical corrosion in the Asia Pacific. Many Asian Pacific countries experience high humidity and frequent rainfall, leading to accelerated corrosion of metal structures and infrastructure. The Asia Pacific region offers significant growth opportunities for the construction industry, driven by population growth, urbanization, and economic development. As construction activities expand, a growing demand for high-performance anti-corrosion coatings offers superior protection and durability in Asia Pacific.
The marine industry relies heavily on anti-corrosion coatings to protect vessels, offshore platforms, and other marine structures from the harsh effects of seawater, salt spray, and humidity. Marine anti-corrosion coatings are specifically formulated to provide long-term protection against corrosion in some of the most challenging environments. Thus, the China market is expected to utilize 469.17 kilo tonnes of anti-crossion coating in marine by 2031.
The China market dominated the Asia Pacific 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 USD6.03 billion by 203. The Japan market is registering a CAGR of 5.7% during 2024-2031. Additionally, the India market would showcase a CAGR of 6.9% during 2024-2031.
offshore oil platforms are constantly exposed to seawater, which is highly corrosive. Anti-corrosion coatings are applied to the steel structures of platforms, including legs, decks, and topsides, to prevent rust and structural degradation. Epoxy and polyurethane coatings are commonly used for their durability and resistance to seawater.
Moreover, equipment such as risers, manifolds, and subsea pipelines are coated with specialized anti-corrosion materials to withstand the high-pressure, high-salinity conditions found on the ocean floor. Refineries and processing plants handle many corrosive substances at high temperatures and pressures. Equipment such as reactors, heat exchangers, and distillation columns are coated internally and externally to protect against corrosion.
Expanding manufacturing industries requires the construction of new factories, warehouses, and industrial facilities in Asia Pacific. Developing oil refineries, petrochemical plants, and pipelines necessitates using anti-corrosion coatings to protect infrastructure from chemical corrosion in the Asia Pacific. Many Asian Pacific countries experience high humidity and frequent rainfall, leading to accelerated corrosion of metal structures and infrastructure. The Asia Pacific region offers significant growth opportunities for the construction industry, driven by population growth, urbanization, and economic development. As construction activities expand, a growing demand for high-performance anti-corrosion coatings offers superior protection and durability in Asia Pacific.
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)
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Asia Pacific Anti-corrosion Coating Market by Technology
Chapter 5. Asia Pacific Anti-corrosion Coating Market by Type
Chapter 6. Asia Pacific Anti-corrosion Coating Market by End Use Industry
Chapter 7. Asia Pacific Anti-corrosion Coating Market by Country
Chapter 8. Company Profiles
Companies Mentioned
Some of the key companies in the Asia-Pacific Anti-corrosion Coating Market include:- 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.
Methodology
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