Market Research Future Published a Research Study on Anti Corrosion Coating Market Research Report-Forecast to 2023
Industry/Innovation/Related News:
July 2019 - Applied Graphene Materials recently made substantial technological progress on the use of graphene into water-based coatings that help improve their barrier properties. This technological advancement is fueled by the strict regulations for reducing the detrimental effect of the solvent-based coatings on the worker’s health as well as the environment.
March 2019 - The Navy lab and Aviation Devices & Electronic Components (Av-DEC), an aviation company announced that it had filed a patent for its Synergistic Metal Polycarboxylate Corrosion Inhibitors which can be used for creating extended level of protection on steel, aluminum, alloys, and other components.
May 2018 - DNV GL (Norway), a leading global quality assurance and risk management company, launched the second phase of a JIP (joint industry project) to develop a design guideline that complements current pipeline codes and standards, which does not meet the complex demands of today’s larger diameter pipelines operating in deeper and more challenging environments. Phase 2’s scope of work will involve the collection of full-scale bending test data using large diameter pipeline sections with different types of anti-corrosion coating between the steel pipe and the concrete coating.
Browse key industry insights spread across 140 pages with 35 market data tables & 11 figures & charts from the report, “Anti Corrosion Coating Market Global Information- by Type (Epoxy, Zinc, Acrylic, Silicone, Polyurethane Alkyd, Chlorinated Rubber, and Others), Application (Water-Based Coating, Solvent-Based Coating, Powder Coating and Others), End User Industry (Oil & Gas, Shipbuilding, Marine, Energy, Transport, Automotive and Others) and Region - Growth Potential, Price Trends, Competitive Market Share & Forecast, 2023” in detail along with the table of contents @ https://www.marketresearchfuture.com/reports/anti-corrosion-coating-market-3020
Anti-Corrosion Coating Market Overview:
Anti-corrosion coatings have a wide number of applications which make them indispensable in a variety of industries. Market Research Future (MRFR), has observed that the market is set to display a CAGR of 5.3% during the assessment period of 2018 to 2023. Coatings with corrosion resistance are highly useful in a variety of industries where metals are used extensively. Significant growth of the market is expected to generate a market value of approximately USD 33.27 Bn by the end of the forecast period.
Anticorrosion coating has applications in oil & gas, marine, automotive, transportation, and many other industries where metals are used extensively. Several of these industries are witnessing rapid growth which drives the demand for anti-corrosion coatings. Increased demand for energy has boosted the use of anti-corrosion coating in the oil & gas as well as the energy sector. The variety of metals and alloys for which specific anti-corrosion coatings must be produced is another factor which contributes to the growth of the global market. Another key driver of the market is the benefits that the use of anti-corrosion coatings offers. The durability of the surface and reducing the destructive effects of corrosion on metal are highly desirable properties as it is more cost effective. Moreover, infrastructure is updated on an ongoing basis which leads to consistent demand for anti-corrosion coatings. The growth of the marine and shipbuilding industry due to growing offshore activities is a key factor driving the anti-corrosion coatings market. Development of coatings with minimal environmental impact is expected to lead to opportunities for growth of the global anti-corrosion coatings market.
Anti-Corrosion Coating Market Key Players:
Prominent players in the global anti-corrosion coatings market include PPG Industries, Wacker Chemie AG, RPM International Inc., 3M, Hempel Group, Valspar, Kansai Paint Co. Ltd, Bluchem, BASF SE, The Dow Chemical Company and others. These players have been included in MRFR’s analysis of the competitive landscape of the global market.
Anti-Corrosion Coating Market Regional Analysis:
Globally, Asia Pacific accounts for the largest market for Anti-Corrosion Coating due to the augmented demand from the growing end-use industries such as marine and shipbuilding industry in China region followed by Japan, and India. Increasing demand for water-based coating and solvent-based coating from the burgeoning automotive industry, especially in India, Taiwan, and South Korea, drives the regional market growth extensively.
On the other hand, North America region stands the second largest market for Anti-Corrosion coatings, especially water-based and solvent-based coatings. Americas is the highest producer of this coating and consumes a vast amount of the product.
The third largest market for Anti Corrosion Coating, Europe, is followed by Latin America and Middle East. Booming automotive industry in the region drives the regional market growth to an extent.
Anti-Corrosion Coating Market Table Of Contents to be Continue……,
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