The North America Anti-corrosion Coating Market is expected to witness market growth of 7.3% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 1,007.8 kilo tonnes, showcasing a growth of 28% (2020-2023).
Epoxy anti-corrosion coatings are highly durable and versatile, making them a popular choice in the industrial sector. Known for their excellent adhesion, chemical resistance, and mechanical strength, these coatings provide a robust protective barrier against moisture, chemicals, and other environmental factors that cause corrosion. Thus, the Canada market is expected to utilize 125.1 kilo tonnes of Epoxy anti-corrosion coatings by 2031.
The US market dominated the North America 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 USD8.51 billion by 2031. The Canada market is experiencing a CAGR of 9.3% during 2024-2031. Additionally, the Mexico market would exhibit a CAGR of 8.7% during 2024-2031.
Coatings protect engine components from corrosion due to exposure to high temperatures, fluids, and chemicals. Anti-corrosion coatings are used on transmission systems to prevent rust and ensure smooth operation.
Moreover, in electric vehicles, anti-corrosion coatings protect battery packs and electrical systems from moisture and chemical exposure. Coatings ensure the longevity and reliability of electronic components by preventing corrosion and failure.
Canada experiences various weather conditions, from freezing winters to humid summers. Anti-corrosion coatings protect building materials from moisture, salt, and temperature fluctuations, preventing damage and extending the life of structures in Canada. Modern anti-corrosion coatings are increasingly formulated to be environmentally friendly, aligning with Canada's construction industry's growing emphasis on green building practices and sustainability. Coatings can also improve the energy efficiency of buildings by providing thermal insulation, which is a significant consideration in Canada’s climate. According to Statistics Canada, the 11-census metropolitan area (CMA) composite for residential building construction prices increased 7.6% annually in 2023.
Epoxy anti-corrosion coatings are highly durable and versatile, making them a popular choice in the industrial sector. Known for their excellent adhesion, chemical resistance, and mechanical strength, these coatings provide a robust protective barrier against moisture, chemicals, and other environmental factors that cause corrosion. Thus, the Canada market is expected to utilize 125.1 kilo tonnes of Epoxy anti-corrosion coatings by 2031.
The US market dominated the North America 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 USD8.51 billion by 2031. The Canada market is experiencing a CAGR of 9.3% during 2024-2031. Additionally, the Mexico market would exhibit a CAGR of 8.7% during 2024-2031.
Coatings protect engine components from corrosion due to exposure to high temperatures, fluids, and chemicals. Anti-corrosion coatings are used on transmission systems to prevent rust and ensure smooth operation.
Moreover, in electric vehicles, anti-corrosion coatings protect battery packs and electrical systems from moisture and chemical exposure. Coatings ensure the longevity and reliability of electronic components by preventing corrosion and failure.
Canada experiences various weather conditions, from freezing winters to humid summers. Anti-corrosion coatings protect building materials from moisture, salt, and temperature fluctuations, preventing damage and extending the life of structures in Canada. Modern anti-corrosion coatings are increasingly formulated to be environmentally friendly, aligning with Canada's construction industry's growing emphasis on green building practices and sustainability. Coatings can also improve the energy efficiency of buildings by providing thermal insulation, which is a significant consideration in Canada’s climate. According to Statistics Canada, the 11-census metropolitan area (CMA) composite for residential building construction prices increased 7.6% annually in 2023.
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)
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. North America Anti-corrosion Coating Market by Technology
Chapter 5. North America Anti-corrosion Coating Market by Type
Chapter 6. North America Anti-corrosion Coating Market by End Use Industry
Chapter 7. North America Anti-corrosion Coating Market by Country
Chapter 8. Company Profiles
Companies Mentioned
Some of the key companies in the North America 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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