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Anti-corrosion Coatings Market is Anticipated to Grow US$ 47.88 Bn By 2030

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The anti-corrosion coatings market size is expected to reach USD 47.88 billion by 2030. It is anticipated to grow with a healthy CAGR of 4.84% from 2021 to 2030.

In 2022, the anti-corrosion coatings market study provides crucial information on market share, market size, growth rate analysis Y-O-Y, production, consumption, and sales analysis for the forecast period 2021 to 2030. The report contains 150+ pages with detailed analysis.

Anti-corrosion coatings are one of the most efficient and reasonable solutions for handling corrosion. Anti-corrosion coatings are employed to defend metal or other surfaces from natural degradation instigated by diverse corrosive agents including chemicals, moisture, and salt. Corrosion leads enormous financial losses in a great number of businesses. It also slowly deteriorates structures, posturing a hazard to life and property. They work as a barricade amid the corrosion agent and the surface, and extend the life of the structure and also augment its competence. Anti-corrosion coatings are categorized into polyurethane, epoxy, acrylic, alkyd, zinc, chlorinated rubber. Other coatings include fluorocarbons, silicates, co-polymers, graphene glass flakes and ceramic. The type of anti-corrosion coating employed is dependent on the properties essential for the precise application. These coatings find widespread application in numerous areas including marine, oil and gas, petrochemical, power generation, infrastructure, and others. Anti-corrosion coating are employed in and drop-in centers for the product such as handles, floors, beds, ceiling paints and walls and care homes, hospitals.

These coatings act as a barrier to avert the contact between the corrosive compounds, materials, chemicals from the surfaces. Further, these coatings improve the surface finish of the metal components. The intensifying demand for supportable and robust metallic products, especially in the oil & gas and construction sector is predictable to accelerate the growth of anti-corrosion coatings market during years to come.

Growth Factors

In the past few years, need for green and advanced technologies has been rising constantly. Consumer requirement for ecologically friendly products has formed an enormous impact on the product innovation and value in the high-performance anti-corrosion coatings industry. Today, consumers of high-performance anti-corrosion coatings favor those products that deliver chemical, water, acid, and hydrocarbon resistance. Also, those products provide enhanced productivity and improved service life of the component; less maintenance costs and ease of cleaning and application. An upsurge in demand has assisted novelties in technologies, surpassing consumer hopes. Government rules and guidelines are anticipated to inspire the utilization of anti-corrosion coatings in several industries.

Increasing need for anti-corrosion coatings in sectors like building & construction, oil & gas, and marine, is predictable to push the growth of the market during years to come. The main motive of the anti-corrosion coating is to defend the metal substrates from environment acquaintances, like moisture, humidity, and oxidation. Among the worldwide COVID-19 outbreak, the demand for anti-corrosion coatings has amplified mainly in the marine application and oil & gas and industries on account of decreased marine and exploration operation. Further, the automotive & rail application sector is anticipated to observer substantial growth due to snowballing need for smart EVs which needs durable and lightweight components to augment the vehicular competence.

Report Scope of the Anti-corrosion Coatings Market

Report Highlights Details
Market Size USD 47.88 Billion by 2030
Growth Rate CAGR of 4.84% from 2021 to 2030
Largest Market North America
Fastest Growing Market Asia Pacific
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Type, Material, End User

COVID-19 Impact:

The industrial report mentions the influence of the ongoing COVID-19 pandemic. The outbreak has caused disturbances in several industries and has hammered the logistics, resulting in delayed deliveries and cancellation of product demand. The anti-corrosion coatings report proficiently explains the resulting factors and concerns of manufacturers. Researchers have also well-explained how the producers and providers will tackle the ongoing epidemic and the key strategies to be adopted post-pandemic for turning their businesses back to normal.

Regional Snapshots

The requirement for high-quality infrastructure in emerging nations such as China and India has been lashing the market in the recent years. In developing economies such as India, augmented foreign direct funds are awaited to improve market growth. China is one of the major consumers and producers of anti-corrosion coatings around the world. Speedy urbanization has highly donated toward the development of construction, power generation and chemical sectors. All these influences are accelerating the anti-corrosion coatings market advancement in China. China is the foremost exporter and importer of crude oil across the globe thus, any changes upsetting the expansion activities connected to the oil and gas segment are possible to have a noteworthy influence on the coating market in China.

Key Players:

The anti-corrosion coatings market is consolidated with a major number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report. Primary research represents a bulk of research efforts, supplemented by extensive secondary research.

Some of the prominent players in the anti-corrosion coatings market include:

  • Akzo Nobel N.V.
  • Axalta Coating Systems, LLC
  • Kansai Paint Co., Ltd.
  • BASF SE
  • Ashland
  • Hempel A/S
  • Jotun
  • PPG Industries, Inc.
  • The Sherwin-Williams Company

Market Segmentation

By Type

  • Water-based
  • Solvent-based
  • Powder
  • Others

By End-User

  • Building & Construction
  • Oil & Gas
  • Marine
  • Aerospace and Defense
  • Automotive & Rail
  • Others

By Material

  • Polyurethane
  • Epoxy
  • Acrylic
  • Alkyd
  • Zinc
  • Others

Regional Segmentation

  • North America (U.S. and Canada)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

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Frequently Asked Questions?

  • What is the total market value?
  • What will be the growth in 2030?
  • What are the key trends in the market?
  • What are the major players in anti-corrosion coatings markets?
  • What are the key growth strategies of industry players?
  • Which region would offer a higher growth?
  • What are the countries included in the rest of the word segments?
  • How can I get report sample?

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions& Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Anti-corrosion Coatings Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope

Chapter 5. COVID 19 Impact on Anti-corrosion Coatings Market

5.1. Covid-19: Anti-corrosion Coatings Industry Impact
5.2. Anti-corrosion Coatings Business Impact Assessment: Covid-19
5.2.1. Services Challenges/Disruption
5.2.2. Market Trends and Anti-corrosion Coatings Opportunities in the COVID-19 Landscape for Major Markets
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Anti-corrosion Coatings Market Players to deal with Covid-19 Pandemic Scenario

Chapter 6. Anti-corrosion Coatings Market Dynamics Analysis and Trends

6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Driver 1
6.1.1.2. Driver 2
6.1.2. Market Restraints
6.1.2.1. Restraint 1
6.1.3. Market Opportunities
6.1.3.1. Opportunity 1
6.1.3.2. Opportunity 2

Chapter 7. Global Anti-corrosion Coatings Market: Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Anti-corrosion Coatings Market Revenue by Market Players (2015-2020)
7.1.1.2. Anti-corrosion Coatings Market Revenue Market Share by Market Players (2015-2020)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Geographic Expansion, Product Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Market Players Landscape
7.1.3.1. List of Product Type Suppliers
7.1.3.2. List of End-users

Chapter 8. Global Anti-corrosion Coatings Market, By Product Type

8.1. Anti-corrosion Coatings Market, by Component, 2017-2030
8.1.1. Water-based
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Solvent-based
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Powder
8.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Anti-corrosion Coatings Market, By Material

9.1. Anti-corrosion Coatings Market, by Application, 2017-2030
9.1.1. Polyurethane
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Epoxy
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Acrylic
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Alkyd
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.5. Others
9.1.5.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Anti-corrosion Coatings Market, By End-user

10.1. Anti-corrosion Coatings Market, by End-user, 2017-2030
10.1.1. Building & Construction
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Oil & Gas
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Marine
10.1.3.1. Market Revenue and Forecast (2017-2030)
10.1.4. Aerospace and Defense
10.1.4.1. Market Revenue and Forecast (2017-2030)
10.1.5. Automotive & Rail
10.1.5.1. Market Revenue and Forecast (2017-2030)
10.1.5.2. Other

Chapter 11. Global Anti-corrosion Coatings Market, Regional Estimates and Trend Forecast

11.1. North America
11.1.1. Market Revenue Forecast by Product Type(2017-2030)
11.1.2. Market Revenue Forecast by Material(2017-2030)
11.1.3. Market Revenue Forecast by End-user (2017-2030)
11.1.4. U.S
11.1.4.1. Market Revenue Forecast (2017-2030)
11.1.5. Canada
11.1.5.1. Market Revenue Forecast (2017-2030)
11.2. Europe
11.2.1. Market Revenue Forecast by Product Type(2017-2030)
11.2.2. Market Revenue Forecast by Material(2017-2030)
11.2.3. Market Revenue Forecast by End-user (2017-2030)
11.2.4. UK
11.2.4.1. Market Revenue Forecast (2017-2030)
11.2.5. Germany
11.2.5.1. Market Revenue Forecast (2017-2030)
11.2.6. France
11.2.6.1. Market Revenue Forecast (2017-2030)
11.2.7. Rest of EU
11.2.7.1. Market Revenue Forecast (2017-2030)
11.3. Asia Pacific (APAC)
11.3.1. Market Revenue Forecast by Product Type(2017-2030)
11.3.2. Market Revenue Forecast by Material(2017-2030)
11.3.3. Market Revenue Forecast by End-user (2017-2030)
11.3.4. China
11.3.4.1. Market Revenue Forecast (2017-2030)
11.3.5. India
11.3.5.1. Market Revenue Forecast (2017-2030)
11.3.6. Japan
11.3.6.1. Market Revenue Forecast (2017-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue Forecast (2017-2030)
11.4. LATAM
11.4.1. Market Revenue Forecast by Product Type(2017-2030)
11.4.2. Market Revenue Forecast by Material(2017-2030)
11.4.3. Market Revenue Forecast by End-user (2017-2030)
11.4.4. Brazil
11.4.4.1. Market Revenue Forecast (2017-2030)
11.4.5. Rest of LATAM
11.4.5.1. Market Revenue Forecast (2017-2030)
11.5. Middle East and Africa (MEA)
11.5.1. Market Revenue Forecast by Product Type(2017-2030)
11.5.2. Market Revenue Forecast by Material(2017-2030)
11.5.3. Market Revenue Forecast by End-user (2017-2030)
11.5.4. GCC
11.5.4.1. Market Revenue Forecast (2017-2030)
11.5.5. North Africa
11.5.5.1. Market Revenue Forecast (2017-2030)
11.5.6. South Africa
11.5.6.1. Market Revenue Forecast (2017-2030)
11.5.7. Rest of MEA
11.5.7.1. Market Revenue Forecast (2017-2030)

Chapter 12. Company Profiles

12.1. Akzo Nobel N.V.
12.1.1. Company Overview, Business Information, Regional Presence
12.1.2. Product Portfolio Analysis
12.1.2.1. Product Details, Specification, Application
12.1.3. Revenue, Price, and Gross Margin (2015-2020)
12.1.4. Recent Developments and Strategies
12.2. Axalta Coating Systems, LLC
12.2.1. Company Overview, Business Information, Regional Presence
12.2.2. Product Portfolio Analysis
12.2.2.1. Product Details, Specification, Application
12.2.3. Revenue, Price, and Gross Margin (2015-2020)
12.2.4. Recent Developments and Strategies
12.3. Ashland
12.3.1. Company Overview, Business Information, Regional Presence
12.3.2. Product Portfolio Analysis
12.3.2.1. Product Details, Specification, Application
12.3.3. Revenue, Price, and Gross Margin (2015-2020)
12.3.4. Recent Developments and Strategies
12.4. Kansai Paint Co., Ltd.
12.4.1. Company Overview, Business Information, Regional Presence
12.4.2. Product Portfolio Analysis
12.4.2.1. Product Details, Specification, Application
12.4.3. Revenue, Price, and Gross Margin (2015-2020)
12.4.4. Recent Developments and Strategies
12.5. BASF SE
12.5.1. Company Overview, Business Information, Regional Presence
12.5.2. Product Portfolio Analysis
12.5.2.1. Product Details, Specification, Application
12.5.3. Revenue, Price, and Gross Margin (2015-2020)
12.5.4. Recent Developments and Strategies
12.6. Hempel A/S
12.6.1. Company Overview, Business Information, Regional Presence
12.6.2. Product Portfolio Analysis
12.6.2.1. Product Details, Specification, Application
12.6.3. Revenue, Price, and Gross Margin (2015-2020)
12.6.4. Recent Developments and Strategies
12.7. Jotun
12.7.1. Company Overview, Business Information, Regional Presence
12.7.2. Product Portfolio Analysis
12.7.2.1. Product Details, Specification, Application
12.7.3. Revenue, Price, and Gross Margin (2015-2020)
12.7.4. Recent Developments and Strategies
12.8. PPG Industries, Inc.
12.8.1. Company Overview, Business Information, Regional Presence
12.8.2. Product Portfolio Analysis
12.8.2.1. Product Details, Specification, Application
12.8.3. Revenue, Price, and Gross Margin (2015-2020)
12.8.4. Recent Developments and Strategies
12.9. The Sherwin-Williams Company
12.9.1. Company Overview, Business Information, Regional Presence
12.9.2. Product Portfolio Analysis
12.9.2.1. Product Details, Specification, Application
12.9.3. Revenue, Price, and Gross Margin (2015-2020)
12.9.4. Recent Developments and Strategies
12.10. RPM INTERNATIONAL INC.
12.10.1. Company Overview, Business Information, Regional Presence
12.10.2. Product Portfolio Analysis
12.10.2.1. Product Details, Specification, Application
12.10.3. Revenue, Price, and Gross Margin (2015-2020)
12.10.4. Recent Developments and Strategies

Chapter 13. Appendix

13.1. About Us
13.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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