Anti Corrosive Coatings Market expected CAGR is 8.0% during (2020-2030)

Anti corrosive coatings are used to protect metal or other surfaces from natural degradation caused by different corrosive agents such as moisture, chemicals, and salt. Globally, corrosions are leading to huge losses in across various industries. It also weakens the infrastructure, posing a threat to property and life. Anti-corrosive coatings are one of the most effective and economical solution available in the market. The anti-corrosive coatings act as a barrier between surface and corrosive materials. Dyes, paints, and pigments are some of the commonly used anti-corrosive coatings. These coatings are used extensively in marine, oil and gas, petrochemicals, infrastructure, and power generation to name a few.

Anti Corrosive Coatings Market is poised to grow at a CAGR of 8.0% during the forecast period of (2020-2030)

The Global Anti Corrosive Coatings market is expected to witness a CAGR of around 8.0% from 2020-2030 as per new report published by Decision Foresight.

According to the report, anti-corrosive coatings have become need of an hour for industries to protect investments they make in form of machinery, property, and labor thus creating demand across various industries. Moreover, increased in investments in the construction industry, marine industry in India and China, demand from ship building industry for repair and maintenance activities, are accountable for change in industry, and thus are expected to drive the growth of anti –corrosive coatings.

During last three years the US has surpassed both Russia and Saudi Arabia as the world’s leading producer of oil and natural gas. As installation of pipelines has increased, so does the threat of the corrosions, which indicates demand for anti-corrosive coatings for pipeline protection. Interstate Natural Gas Association of America states that, gas consumption in the US and Canada will in grow at a rate of 1.2% each year till 2035, which will result in constructing more than half a million of pipelines.

Marine industry is one of promising application segment for the anti-corrosive coatings market. Marine industries use these coatings to protect marine vessels, ships, and boats. The anti-corrosive coatings are extensively required during ship building process and advance version of these coatings provide protection of corrosion, offer added durability, anti-static effect, and UV protection to the coated surface. Additionally, these coatings are used to enhance aesthetic appearance of ships. Thus owing to its wide application in marine industry this application segment is expected to generate new revenue pockets.

In 2019, epoxy-based anti-corrosion coatings accounted for the largest share followed by Polyurethane based coating market of the global anti-corrosion coating market, by type. The high of these coatings is attributed to their widespread use and advantage such as good corrosion protection and water resistance. On the other hand, acrylic-based coatings are expected to grow at highest pace during the forecast period owing to the growing demand of waterborne acrylic based anti-corrosive coatings.

Prominent players included in the global anti-corrosive coatings market include 3M Company, AkzoNobel N.V., BASF SE, Hampel A/S, Axalta Coating System Ltd.,  Kansai Paints Ltd., Nippon Paints Co. Ltd, The Herwin-Williams Company, PPG Industries Inc., The Dow Chemical Company, Wacker Chemie AG, Ashland Inc., Sono- Tek Corporation Royal DSM N.V., and Solvay SA. . Other players operating in anti-corrosive coatings market include Chugoku Marine Paints, Tenmec, Sokema, AICA Kogyo, AnCatt, and Valspar.

Browse key industry insights, market data tables & figures from the report, “Anti Corrosive Coatings Market Size By Type (Polyurethane, Epoxy,  Zinc, Acrylic, Chlorinated rubber and others), By Technology (Solvent Borne, Water Borne, Powder Coatings, and Others), By End User (Marine, Oil & Gas, Industrial, Construction, Energy, Automotives, and others), By Region(US, Canada, Mexico, Germany, UK, France, Japan, China, India, and Rest of the World), Growth potential, Price Trends, Competitive Market Share & Forecast, 2020-2030”

Market Segmentation

The research report categorizes the global anti-corrosive coatings market by type, technology, end user and region.

By Type          

• Epoxy
• Polyurethane
• Acrylic
• Alkyd
• Zinc
• Chlorinated Rubber
• Others

By Technology

• Solvent-Borne
• Waterborne
• Powder coating
• Others

By End User

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

• Power Plants
• Solar Energy
• Wind Turbines

• Automotive
• Others (Pipes Tanks, Waste Water Treatment Plants)

By Region

• North America

• US
• Canada
• Mexico

• Europe

• UK

• Germany
• France
• Italy
• Others

• Asia-Pacific    

• China
• Japan
• India
• South Korea
• Australia
• Rest of Asia Pacific

• Rest of the World (RoW)

• Brazil
• Argentina
• Qatar
• UAE
• Others