Global Anti-Corrosion Coatings Market 2017-2021

This industry research report identifies Akzo Nobel, BASF, RPM International, The Dow Chemical Company, and The Sherwin-Williams Company as the key vendors in the global anti-corrosion coatings market. This industry research report also presents a comprehensive analysis of the market by product (epoxy, polyurethane, alkyd, acrylic, and others), by end user (marine, construction, industrial, oil and gas, automobile and transportation, power, and others), and by geography (APAC, Europe, North America, and ROW).

Overview of the global anti-corrosion coatings market

Technavio's market study identifies the growth in marine industry to be one of the primary growth factors for the anti-corrosion coatings market. Marine vessels primarily use anti-corrosion coatings to protect the hulls and yachts from deterioration and corrosion caused by high temperature, varying pressure, high content of salt in water, and organic development caused by moisture. Developed nations are focusing extensively on expanding and strengthening their naval fleet by adding new warships and other battle ships. Additionally, commercial shipping, naval and fleet ownership, and increasing shipbuilding activities will contribute to the growth of the corrosion resistant coatings market. The market analysts estimate that the market will grow steadily at a CAGR of more than 5% by 2021.

The high demand for oil and gas has proportionately influenced the growing number of oil and gas drilling activities conducted globally. Oil and gas companies invest heavily in efficient oil field machines and equipment and technical advances have invented a variety of extraction methods. Anti-corrosion coatings are applied on drill pipes, oil storage tanks, and drill bits to protect the equipment form adverse offshore conditions that expose the equipment to unfavorable elements. The increasing investments in oil and gas industry is identified to be one of the key trends behind the growth of the anti-corrosion coatings market.

Competitive landscape and key vendors

The corrosion resistant coatings market is highly fragmented due to the presence of several international and regional players offering technologically advanced and differentiated product portfolio. Large anti-corrosion coatings manufacturers have widely distributed production facilities and strong geographical presence. M&A among the players is rampant to increase production capabilities and geographical presence. Vendors focus extensively on Technological innovations and increasing investments in R&D to attain competitive advantage in the corrosion resistant coatings market.

The leading vendors in the market are -

• Akzo Nobel

• BASF

• RPM International

• The Dow Chemical Company

• The Sherwin-Williams Company

The other prominent vendors in the market are 3M, Ashland, Axalta Coating Systems, Bluchem, Clariant, Diamond Vogel, DuPont, Hempel, Jotun, KANSAI PAINT, Nippon Paint, PPG Industries, Royal DSM, Solvay, and Wacker Chemie.

Segmentation by product and analysis of the anti-corrosion coatings market

• Epoxy

• Polyurethane

• Alkyd

• Acrylic

Epoxy anti-corrosion coatings are primarily useful for coating metals and concrete as they provide excellent resistance to corrosion and abrasion caused by water, alkali, and acids. These coatings are compatibility with other materials and adhesion to steel, due to which, they are widely used in marine, automobile, and construction industries.

Segmentation by end user and analysis of the anti-corrosion coatings market

• Marine

• Construction

• Industrial

• Oil and gas

• Automobile and transportation

• Power

Marine vessels and ships are exposed to harsh and unfavorable environmental conditions that cause the metal parts to deteriorate. Anti-corrosion coatings protect the vessels from deterioration, improve visual appeal, increase longevity, improve UV-stability, and offer anti-static effects to the applied surfaces. The increasing trade-related activities and the introduction of ships and boats to strengthen trade and naval services will support the growth of the marine segment.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?

• What are the key factors driving the global anti-corrosion coatings market?

• What are the key market trends impacting the growth of the global anti-corrosion coatings market?

• What are the challenges to market growth?

• Who are the key vendors in the global anti-corrosion coatings market?

• What are the market opportunities and threats faced by the vendors in the global anti-corrosion coatings market?

• Trending factors influencing the market shares of the Americas, APAC, and EMEA.

• What are the key outcomes of the five forces analysis of the global anti-corrosion coatings market?

Technavio also offers customization on reports based on specific client requirement.

Anti-corrosion coatings are coatings used over other metal objects and components to protect it from chemical compounds or corrosive materials. They provide a protective barrier against natural degradation caused by moisture, chemicals, salt, and other environmental or industrial chemicals. The upcoming report on the global anti-corrosion coatings market is an essential component in the chemicals and materials industry. Our market research reports for the paints, coatings, and pigments sector comprises of an in-depth analysis of wide range of market intelligence parameters such as market size, growth drivers, technological advancements, and key insights.