Description:
Axiom Market Research Consulting™ added a report on the global Anti-Corrosion Coating Market which includes studies on type, and application across various countries and key regions across the globe. In the coming years, the oil and gas sector is probably going to develop the fastest. The market is divided into solvent-borne, waterborne, powder coating, and other technological categories based on the technology used.
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. Anti-corrosion coating end consumers favour the products that offer resistance to chemicals, water, acids, and hydrocarbons, improve productivity and extend the service life of the component, and aid in lowering maintenance costs. One of the main things limiting the market's expansion is the variable cost of raw materials. Corrosion is the term for the deterioration of metal surfaces brought on by oxidation, moisture, salt spray, etc. in a particular environment. Anti-corrosion coatings prevent metal from corroding by serving as a barrier between corrosive substances and the base metal. These coatings are frequently used to increase the usefulness and lifespan of metal sheets. These metal sheets are used in a number of industries, including automotive, industrial power generation, marine oil gas, and others. The majority of the raw materials utilised in the shipbuilding and construction sectors come from petroleum.
The study analyses the global anti-corrosion coating market based on the type, technology, end-user, and geography. One of the key factors propelling the expansion of the anti-corrosion market is the increase in corrosion losses in the shipbuilding, construction, and other industries. Another important driver of the market's expansion is the expansion of end-use industries, such as the transportation and automotive sectors and the power generating sector
Anti-corrosion coating Types:
- Epoxy
- Polyurethane
- Acrylic
- Alkyd
- Zinc
- Chlorinated rubber coatings
Key Players:
- 3M Co.
- AkzoNobel N.V.
- BASF SE
- Hempel A/S
- Akzonoble N.V.
- Kansai Paints Co., Ltd.
- Nippon Paints Co. Ltd.
- PPG Industries, Inc.
- The Sherwin-Williams Company
- Axalta Coating Systems Ltd.
- The Dow Chemical Company
- Wacker Chemie AG
End-User Industry:
- Marine
- Oil Gas
- Industrial
- Automotive
- Construction
- Energy
- Others
Anti-Corrosion Coating Market By Geography:
Due to its fast industrialization, the Asia Pacific region controls the market. In Asia Pacific, the shipbuilding sector is dominated by Japan, China, and South Korea, and new shipbuilding centres are emerging in Vietnam and India. This further promotes the expansion of the anti-corrosion market. Crude oil is the primary component utilised in the creation of anti-corrosion coatings, and Asia Pacific is the region that imports and exports the most crude oil. After the Asia Pacific, Europe is also becoming a key area for the anticorrosion market. The primary factor fueling the expansion of the market in the region is rising investment in the construction and shipbuilding sectors.
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