Global Anti-Corrosion Coatings Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global anti-corrosion coatings market in its upcoming report titled, “Global Anti-Corrosion Coatings Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global anti-corrosion coatings market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global anti-corrosion coatings market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global anti-corrosion coatings market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global anti-corrosion coatings market report has been segmented on the basis of type, technology, end use industries, and region.

Anti-corrosion coating protects the metal substrate from humidity, moisture, salt water, oxidation, and industrial chemicals. Anti-corrosion coating acts as a barrier between metal and corrosive material and provides an extra layer of protection to metal surfaces. Few of the anti-corrosion coating chemicals also provide abrasion resistance, and non-stick performance.

Rising demand for anti-corrosion coating material to avoid industrial losses occurred by corrosion in many end use industries is one of the major factor driving growth of the global anti-corrosion coatings market. In addition, increasing adoption of anti-corrosion coating material by various sectors such as power generation, healthcare, automotive, etc. is further boosting demand for anti-corrosion coating material. This is another factor propelling growth of the global anti-corrosion coatings market.

Stringent government regulations towards emission of volatile gases while manufacturing of anti-corrosion coating material is a key factor restraining growth of the global anti-corrosion coatings market. In addition, volatile raw material price is further hampering growth of the global anti-corrosion coatings market.

Current trend observed in the market is use of epoxy coating in construction industry, owing to its higher performance in terms of durability and resistance as compared to other type of coating material. This trend is expected to further drive growth of the global anti-corrosion coatings market during the forecast period.

The market in North America dominates the global anti-corrosion coatings markets in terms of revenue, owing to presence of major manufacturers. The market in Asia Pacific is expected to witness fastest growth and is projected to register a CAGR of X.X% during the forecast period. This can be attributed to increasing demand for anti-corrosion materials from automotive sector. The market in Middle East & Africa is expected to witness considerable growth with CAGR of X.X% over the forecast period owing to rising demand from oil & gas sector.

Global Anti-Corrosion Coatings Market Segmentation:

Global anti-corrosion coatings market segmented, by type:

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

Global anti-corrosion coatings market segmented, by technology:

• Solvent-Borne
• Water Borne
• Powder

Global anti-corrosion coatings market segmented, by end-user industry:

• Marine
• Oil & Gas
• Construction
• Energy
• Automotive
• Others

Global anti-corrosion coatings market segmented, by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa