-- According to Global Market Insights, Inc. “Anti-Corrosion Coatings Market size is estimated to witness a CAGR of 5% over the period of 2016-2025.” Anti-Corrosion Coatings Market, having attained a revenue of USD 12 billion in 2015, is all poised to witness substantial gains owing to its applications across oil & gas, chemical manufacturing, power generation, aerospace, infrastructure, and marine sectors.
Powder based coatings, water-based coatings, and solvent-based coatings are some of the notable modes of application of the anti-corrosion coatings. Water based anti-corrosion coatings market will exhibit an annual growth rate of more than 4.5% over the coming period of 2016 to 2025, driven by the favorable government norms emphasizing on the usage of low volatile organic compound as an ingredient in the anti-corrosion coatings.
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Robust growth in the oil & gas industry will further drive the market growth in the near future. The global oil & gas equipment market is projected to reach USD 278 billion by 2025. Also, the rising demand for energy production based on oil sands, oil shale, tar sands and shale gas will further propel the market.
The market is probable to witness certain growth restraints such as significant price volatility of petrochemical feedstock and severe environmental regulations which may undesirably influence anti-corrosion coatings market share in the near future. Also, stringent legislations towards (VOC) Volatile Organic Compounds ingredients used in the coatings applications such as toluene, ethylene, benzene and naphthalene might negatively affect the market growth. However, increasing demand and favorable government legislations for water based anti-corrosive coatings will generate new growth prospects.
Epoxy anti corrosion coatings are likely to grow with 4.5% over the forecast timeframe, holding the largest market share. The demand is attributed to the product features such as corrosion resistance, superior abrasion, higher bonding strength with concrete & steel. Polyurethane anti-corrosion coatings will also witness significant growth trends owing to their compatibility with wide temperature range up to 1100°C.
Asia Pacific anti-corrosion coatings market share is anticipated to register an annual growth rate of 5% over the coming eight years. The growth can be attributed to the expanding construction sector across this region. Additionally, growing popularity of anti-corrosion coatings, lower wages, and rise in shipping activities will further fuel the regional trends. India, China, Hong Kong, Thailand, Japan, Philippines, Singapore, Indonesia, and Korea will be the major revenue pockets of the APAC anti-corrosion coatings market size.
The U.S. market share is likely to grow with gains over 4.5% by 2025.The regional growth will be driven by growing government military investment. Budding oil & gas sector in the region will further propel the market growth
Browse key industry insights spread across 150 pages with 282 market data tables & 19 figures & charts from the report, “Anti-Corrosion Coatings Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/anti-corrosion-coatings-market
Major industry participants include BASF, Akzonobel, Hempel, Ashland, Jotun, Axalta Coating, Kansai Paints, The Sherwin-Williams Company, RPM International, PPG Industries and. Other prominent industry share contributors are Nippon Paints, Chugoku Marine Paints, Tnemec, Sokema, Valspar, AnCatt and AICA Kogyo.
Glimpse of Table of Content (ToC)
Chapter 4. Anti-Corrosion Coatings Industry Product Insights
4.1. Global anti-corrosion coatings market share by product, 2015 & 2025
4.2. Epoxy
4.2.1. Market estimates and forecast, 2010 - 2025
4.2.2. Market estimates and forecast, by region, 2010 – 2025
4.3. Polyurethane
4.3.1. Market estimates and forecast, 2010 - 2025
4.3.2. Market estimates and forecast, by region, 2010 – 2025
4.4. Acrylic
4.4.1. Market estimates and forecast, 2010 - 2025
4.4.2. Market estimates and forecast, by region, 2010 – 2025
4.5. Alkyd
4.5.1. Market estimates and forecast, 2010 - 2025
4.5.2. Market estimates and forecast, by region, 2010 – 2025
4.2. Zinc
4.2.1. Market estimates and forecast, 2010 - 2025
4.2.2. Market estimates and forecast, by region, 2010 – 2025
4.6. Chlorinated Rubber
4.6.1. Market estimates and forecast, 2010 - 2025
4.6.2. Market estimates and forecast, by region, 2010 – 2025
4.7. Others
4.7.1. Market estimates and forecast, 2010 - 2025
4.7.2. Market estimates and forecast, by region, 2010 – 2025
Chapter 5. Anti-corrosion coatings Industry Mode of Application Type Insights
5.1. Global anti-corrosion coatings market share by mode of application, 2015 & 2025
5.2. Solvent-Based
5.2.1. Market estimates and forecast, 2010 - 2025
5.2.2. Market estimates and forecast, by region, 2010 – 2025
5.3. Water-Based
5.3.1. Market estimates and forecast, 2010 - 2025
5.3.2. Market estimates and forecast, by region, 2010 – 2025
5.4. Powder
5.4.1. Market estimates and forecast, 2010 - 2025
5.4.2. Market estimates and forecast, by region, 2010 – 2025
5.5. Others
5.5.1. Market estimates and forecast, 2010 - 2025
5.5.2. Market estimates and forecast, by region, 2010 – 2025
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/anti-corrosion-coatings-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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