Corrosion Protective Coatings Market Forecast Analysis by Manufacturer, Types, Applications and Regions 2021 – 2024
Global Corrosion Protective Coatings Market is estimated to grow significantly in the forecast period owing to its wide applications in industries like marine, oil & gas, automotive, etc. Corrosion protective coatings are available in the form of powder coatings or paints, which are applied to steel to offer protection from corrosion, abrasion, chemical, thermal and ultraviolet degradation. They are used in areas of extreme environments like salt water, heat or any kind of severe climatic conditions.
Corrosion protective
coatings industry is driven by wide application of the product in several end
use industries. Emerging economies of Asia Pacific region are using corrosion
protective coatings for defense sectors like navy (ships). Investments for the
same is witnessing progress over the recent years. These factors are expected
to drive corrosion protective coatings market substantially in the near future.
Implementation of strict government policies is impelling research and
development activities in the market. However, introduction and growth of eco-friendly
waterborne items as an alternative to solvent borne coatings are hampering the
market growth of corrosion protective coatings.
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Manufactures are
adopting several technologies to improve the efficiency of automobiles.
Moreover, increasing use of coatings in automotive is expected to bring more
opportunities for the manufacturers in corrosion protective coatings industry.
Corrosion protective
coatings market is categorized on the basis of material, technology, end user
and geography.
Global Corrosion Protective Coatings Material Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2013 - 2024)
• Alkyd
• Acrylic
• Epoxy
• Polyurethane
• Zinc
Global Corrosion Protective Coatings Technology Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2013 - 2024)
• Solvent Borne Epoxy
• Waterborne Epoxy
• Solids Epoxy
• Others
Global Corrosion Protective Coatings Application Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2013 - 2024)
• Marine
• Oil & Gas
• Construction
• Industrial
• Automotive
• Others
The prominent players in corrosion protective coatings market are Ashland Global Holdings, Inc., Axalta Coating Systems, Akzo Nobel NV, BASF Coating GmbH, Polycorp Limited, Koch Knight LLC, STEULER - KCH GmbH, Jotun A/S, The Sherwin Williams Company, and PPG Industries, Inc.
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Global Corrosion Protective Coatings Regional Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2013 - 2024)
• North America
• U.S
• Europe
• Germany
• UK
• Asia Pacific
• China
• India
• Latin America
• Brazil
• Middle East and Africa
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