by Precedence Research a new report on anti-corrosion coatings Market size, share, growth, industry trends, and forecast 2030, covering various industry elements and growth trends helpful for predicting the market’s future. The global anti-corrosion coatings market size was valued at US$ 29.84 billion in 2020. The global anti-corrosion coatings market is projected to reach US$ 47.88 billion by 2030, registering a compound annual growth rate (CAGR) of 4.84% during the forecast period from 2021 to 2030.
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Table of Contents
Anti-corrosion Coatings market 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.
Anti-corrosion Coatings Market Report Scope
| 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 |
The global anti-corrosion coatings market report offers various segments analysis by size, trends, growth factors, opportunities and key country outlook to 2027. The report offers a detailed analysis and information as per anti-corrosion coatings, market segments helping our readers to get a comprehensive overview of the global market. Several players are planning to focus on developing cost-effective products or services, aiming to maintain a strong foothold in the market.
The company profiling of leading market players is included this report with Porter’s five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.
anti-corrosion coatings Market Report Highlights
- Globally, Asia Pacific gathered maximum market share in terms of revenue in 2019 on account of influences including government initiatives such as construction of a silk route project connecting Xian, Make in India, Italy via both road and marine transportation China to Trieste.
- Out of different application sectors, oil & gas application sector stated for the greater share of over 35% in 2020 and will hold the leading position during the estimated timeframe
- Solvent-borne formulations are progressively employed in industrial coatings, automotive coatings, and printing inks. Hence, snowballing application of solvent-borne technology to manufacture anti-corrosion coatings is expected to push the solvent-borne technology growth
Read Also@ Metal Powder Market Size to Hit Around US$ 8.52 Billion by 2027
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
Anti-corrosion Coatings 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
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
- North America [United States, Canada, Mexico]
- South America [Brazil, Argentina, Columbia, Chile, Peru]
- Middle East & Africa [GCC, North Africa, South Africa]
Key Questions are
- What are the key factors influencing the anti-corrosion coatings market in each region?
- How much value will the global market generate by the end of the forecast period?
- What will be the CAGR of the global market between 2021 and 2030?
- What would be the Y-o-Y growth trend of the global market between 2021 and 2030?
- What is the future scope and current trends in technologies of the global market?
- What is the revenue of the global market based on segments?
- Which key strategies are used by top players of the global market?
- Which are the leading companies in the global market?
- What are the essential strategies by key stakeholders in the market to expand their geographic presence?
- What are the major advancements witnessed in the global market?
Research Objectives and Research Approach
The comprehensive report on the global anti-corrosion coatings market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products. Following this, the report provides detailed explanation of objectives of this study and laid down by accredited agencies in the purview of research in the global anti-corrosion coatings market.
It is followed by market introduction, market dynamics, and an overview of the global market, which includes analysis of market drivers, restraints, and trends pertaining to the global market. Furthermore, Y-o-Y growth analysis with elaborated insights has been provided in order to understand the Y-o-Y growth trend of the global market.
For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller sections. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.
The report analyzes the global anti-corrosion coatings market in terms of type, application, region and others. Key segments under each criteria are studied at length, and the market share for each of these at the end of 2027 has also been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global market.
Why should you invest in this report?
If you are aiming to enter the global anti-corrosion coatings market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for anti-corrosion coatings are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Table of Contents
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
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