Anti-Corrosion Coatings Market 2019 | In-depth Analysis by Regions, Production and Consumption by Market Size, and Forecast to 2024

Anti-Corrosion Coatings

This “Anti-Corrosion Coatings Market” report provides a detailed study on market and how it is impacting the industry. The report includes details of emerging trends, growth history, sales channel, manufacturers profiled in business, market share of product, application and regional scope of industry. In addition, the report also mentions opportunities that manufacturers operating in the global Anti-Corrosion Coatings market can use for expanding their business in untapped market to increase their customer base.

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Market Overview:

  • The market for anti-corrosion coatings is expected to expand at a CAGR of more than 5.20% during the forecast period of 2019 – 2024. Major factors driving the market studied includes expansion of oil and gas activities in Asia-pacific and North America, modernization of infrastructure, etc.
  • – Regulations related to the VOCs, rise in prices of raw materials, etc. are expected to hinder the growth of the market studied.
  • – Power plants expected to provide growth to high-performance anti-corrosion coatings is likely to act as an opportunity in the future.<

    Anti-Corrosion Coatings Market Covers Manufacturers:

  • AkzoNobel NV
  • Arkema Group
  • Beckers Group
  • H.B. Fuller Company
  • Jotun
  • Kansai Paint Co.,Ltd.
  • Nippon Paints
  • PPG Industries Inc.
  • RPM International Inc.
  • Sika AG
  • The Sherwin
  • Williams Company

    Scope of the Report:

  • This report studies the global Anti-Corrosion Coatings market size, industry status and forecast, competition landscape and growth opportunity.

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    Key Market Trends:

    Increasing Demand from Infrastructure Industry

    – The infrastructure segment accounts for the largest share in the market and is also estimated to be the fastest-growing segment.
    – Rails, bridges, and roads constitute major segments of the infrastructure. With the increase in population, expansions in infrastructure have become an inevitable part of socio-economic development.
    – There are various small-scale projects spread across Asia-Pacific and North America.
    – Apart from being the most populous nation in the world, China also has the largest number of railroad passengers
    – Moreover, road projects in Asia-pacific, North America, etc. are also set to help increase the consumption of anti-corrosion coatings.
    – Furthermore, the Bharathmala project, in India, and the ongoing Belt and Road project, in China, are some of the expansions observed in the market.
    – Aforementioned factors are expected to increase the demand for anti-corrosion coatings over the forecast period.

    Asia-Pacific Region to Dominate the Market

    – The global shipbuilding industry is expected to register a CAGR of 3% to 5% through the next five years, with Asia-Pacific registering the highest growth.
    – In Asia-Pacific, though China, Japan, and South Korea lead the shipbuilding industry, new shipping hubs are appearing in Vietnam, India, and the Philippines.
    – Australia and New Zealand are both island nations and the geographical scale of Australia’s coastline and waterways have resulted in a large number of recreational, commercial, and defense vessels.
    – Furthermore, the oil & gas sector occupies a good share of the anti-corrosion coating market, in terms of revenue.
    – China is the leading importer and exporter of crude oil in the world, thus, any changes affecting the expansion activities related to oil & gas sector are likely to have a significant impact on the coating market in China.
    – Such development in various end-user industries is expected to drive the anti-corrosion coatings market in the forecast period.

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    Target Audience of Anti-Corrosion Coatings Market:

    • Manufacturer / Potential Investors
    • Traders, Distributors, Wholesalers, Retailers, Importers and Exporters.
    • Association and government bodies.

    Key Reasons to Anti-Corrosion Coatings Market Report:

    • Analyzing various perspectives of the Anti-Corrosion Coatings market with the help of Porter’s five forces analysis
    • The End User that is expected to dominate the Anti-Corrosion Coatings market is analyzed in detail
    • The regions which are expected to witness fastest growth during the forecast period are analyzed and estimated for growth of Anti-Corrosion Coatings market.
    • Identify the latest developments, market shares and strategies employed by the major market players.
    • Regional analysis of Anti-Corrosion Coatings market studied, during the forecast period
    • The segments that are expected to dominate the Anti-Corrosion Coatings market studied.

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