Anti Corrosion Coating Market Research Report-Forecast to 2027

Anti Corrosion Coating Market 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 Forecast till 2027

ID: MRFR/CnM/2219-HCR | February 2021 | Region: Global | 140 pages

Anti Corrosion Coating Market Overview


The Anti Corrosion Coating Market is expected to witness a significant growth of USD ~ 33.27 Billion by 2023 with CAGR of ~5.3% between 2016 and 2023


 


Some metals and alloys, such as steel, Iron, aluminum, and magnesium, are extensively used in oil & gas, shipbuilding, marine, energy, transport, automotive, and others which are often at the threat of corrosion. Many techniques have been used to shield such metals from corrosion. The corrosion resistant coatings have concerned for many years due to its durability and efficiency. The various corrosion coatings have been produced and tried in an attempt to contest the destructive effects of corrosion on metal. Due to the variations in the physical and chemical properties of the different types of metals and alloys, each coating is dependent on the type of metal it is applied to and the application such as water-based coating, solvent-based coating, powder coating, and others in which it is exposed.


Anti-corrosion Coating has found in various applications such as oil & gas, shipbuilding, marine, energy, transport, automotive, and others. Increasing in demand of marine and shipbuilding industry is likely to drive the anti-corrosion coating market growth. Furthermore, rising offshore production, growing marine industry in Asia Pacific and North America region, and upgrading of infrastructure through various region has boosted the global anti corrosion coating market over the forecasted period.


Key Players


Key players of the global anti corrosion coating market are 3M (US), BASF SE (Germany), Hempel Group (Europe), Kansai Paint Co., Ltd (Japan), PPG Industries (US), The Dow Chemical Company (US), Wacker Chemie AG (Germany), Valspar (US), Bluchem (South Africa), RPM International Inc.(US), and Others.


Anti Corrosion Coating Market (2016-2023) (USD Billion) Anti Corrosion Coating MarketSource: MRFR Report


Regional Analysis


Asia Pacific is the largest market of anticorrosion coating due to demand in various applications such as marine and shipbuilding industry in China region followed by Japan, and India. APAC has increasing demand for water-based coating and solvent-based coating specifically in India, Taiwan, and South Korea .On the other hand North America region is the second highest production region for water-based coating and solvent-based coating. The third largest market of Anti Corrosion Coating is Europe followed by Latin America and Middle East. Latin America witnessed inclining growth of Anti Corrosion Coating market due to various application such as oil & gas, shipbuilding, marine, energy, transport, automotive, and others.    


Segmentation


The global anti corrosion coating market is majorly segmented on the basis of types, application, end users and region. Based on types of market is segmented into epoxy, zinc, acrylic, silicone, polyurethane alkyd, chlorinated rubber, and others (fluorocarbons, co-polymers, graphene, ceramic, and glass flakes). Based on application of anti-corrosion coating the market is segmented into Water-based coating, solvent-based coating, powder coating, and Others (antifouling coatings, high-energy cure coatings, nano-coatings). Based on end user the market segmented into oil & gas, shipbuilding, marine, energy, transport, automotive, and others (pipes & tanks, power plants, wastewater treatment plants, wind turbines, construction) and based on region market is segmented into North America, Europe, APAC, Latin America, Middle East & Africa.


Geographic Analysis 


The report covers brief analysis of geographical region such as:


North America



  • US

  • Canada


Europe



  • Germany

  • France

  • Italy

  • Netherlands

  • U.K.

  • Rest of Europe


APAC



  • China

  • India

  • Japan

  • Rest of Asia-Pacific


RoW



  • South America

  • Middle East

  • Africa


The report about Global Anti Corrosion Coating Market by Market Research Future comprises of extensive primary research along with detail analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report further provides detail information about strategies used by top key players in the industry. It also gives a broad study about different market segments and regions.


Study Objectives of Anti Corrosion Coating  Market:



  • To provide detailed analysis of the market structure along with forecast for the next 7 years of the various segments and sub-segments of the global anti corrosion coating market

  • To understand the supply and demand dynamics including supply and consumption concentration mapping

  • To provide region level market analysis and future outlook for North America, Europe, Asia, and Rest of the World (ROW) and their countries

  • To provide competitor positioning of the market

  • To provide company profiling of major players in the market along with their production and capacity

  • To provide regional trade analysis

  • To evaluate historical market trends, patents and technologies, and current government regulatory requirements that are relevant to the market


Intended Audience

  • Anti-corrosion coating manufacturers

  • Traders and distributors of Anti Corrosion Coating

  • Production Process industries

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratory



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2019: USD 33.27 Billion
  • 2027:Significant value
  •   CAGR   5.3%(2016–2023)
      Base Year   2019
      Forecast Period   2020-2027
      Historical Data   2018
      Forecast Units   Value (USD Billion)
      Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   By Type, By Application, By End Use and By Region
      Geographies Covered    North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   3M (US), BASF SE (Germany), Hempel Group (Europe), Kansai Paint Co., Ltd (Japan), PPG Industries (US), The Dow Chemical Company (US), Wacker Chemie AG (Germany), Valspar (US), Bluchem (South Africa), RPM International Inc.(US), and Others.
      Key Market Opportunities   The corrosion resistant coatings have concerned for many years due to its durability and efficiency.
      Key Market Drivers   Increasing in demand of marine and shipbuilding industry


    Frequently Asked Questions (FAQ) :


    The global anti corrosion coating market is expected to touch a valuation of USD 33.27 billion by 2023.

    The global anti corrosion coating market can accrue revenues at 5.3% CAGR from 2016 to 2023.

    The global anti corrosion coating market is driven by the corrosion resistance provided by these chemicals to metal or steel parts.

    Asia Pacific is expected to be profitable for the global anti corrosion coating market owing to the large marine and shipbuilding industry in the region.

    RPM International Inc., Hempel Group, The Dow Chemical Company, Valspar, Bluchem, PPG Industries, BASF SE, 3M, Kansai Paint Co., Ltd, Wacker Chemie AG, and others are major players of the global anti corrosion coating market.

    1 Executive Summary

    2 Scope of The Report

    2.1 Market Definition

    2.2 Scope of The Study

    2.2.1 Research Objectives

    2.2.2 Assumptions & Limitations

    2.3 Markets Structure

    3 Market Research Methodology

    3.1 Research Process

    3.2 Secondary Research

    3.3 Primary Research

    3.4 Forecast Model

    4 Market Landscape

    4.1 Five Forces Analysis

    4.1.1 Threat of New Entrants

    4.1.2 Bargaining power of buyers

    4.1.3 Threat of substitutes

    4.1.4 Segment rivalry

    4.2 Value Chain/Supply Chain of Global Anti Corrosion Coating Market

    5 Industry Overview of Global Anti Corrosion Coating Market

    5.1 Introduction

    5.2 Growth Drivers

    5.3 Impact analysis

    5.4 Market Challenges

    5.5 Impact analysis

    6 Market Trends

    6.1 Introduction

    6.2 Growth Trends

    6.3 Impact analysis

    7. Global Anti Corrosion Coating Market by Region

    8. Global Anti Corrosion Coating Market by Type (epoxy, zinc, acrylic, silicone, polyurethane alkyd, chlorinated rubber, and others)

    9. Global Anti Corrosion Coating Market by Application (water-based coating, solvent-based coating, powder coating, and others)

    10. Global Anti Corrosion Coating Market by End User (oil & gas, shipbuilding, marine, energy, transport, automotive, and others)

    11. Company Landscape

    12. Company Profiles

    12.1 3M

    12.1.1 Company Overview

    12.1.2 Product/Business Segment Overview

    12.1.3 Financial Updates

    12.1.4 Key Developments

    12.2 BASF SE

    12.2.1 Company Overview

    12.2.2 Product/Business Segment Overview

    12.2.3 Financial Updates

    12.2.4 Key Developments

    12.3 Hempel Group

    12.3.1 Company Overview

    12.3.2 Product/Business Segment Overview

    12.3.3 Financial Updates

    12.3.4 Key Developments

    12.4 Kansai Paint Co., Ltd

    12.4.1 Company Overview

    12.4.2 Product/Business Segment Overview

    12.4.3 Financial Updates

    12.4.4 Key Developments

    12.5 PPG Industries

    12.5.1 Company Overview

    12.5.2 Product/Business Segment Overview

    12.5.3 Financial Updates

    12.5.4 Key Developments

    12.6 The Dow Chemical Company

    12.6.1 Company Overview

    12.6.2 Product/Business Segment Overview

    12.6.3 Financial Updates

    12.6.4 Key Developments

    12.7 Wacker Chemie AG

    12.8.1 Company Overview

    12.7.2 Product/Business Segment Overview

    12.7.3 Financial Updates

    12.7.4 Key Developments

    12.8 Valspar

    12.8.1 Company Overview

    12.8.2 Product/Business Segment Overview

    12.8.3 Financial Updates

    12.8.4 Key Developments

    12.9 Bluchem

    12.8.1 Company Overview

    12.9.2 Product/Business Segment Overview

    12.9.3 Financial Updates

    12.9.4 Key Developments

    12.10 RPM International Inc.

    12.10.1 Company Overview

    12.10.2 Product/Business Segment Overview

    12.10.3 Financial Updates

    12.10.4 Key Developments

    13 Conclusion

    LIST OF TABLES

    Table 1 World Population by Major Regions (2020-2027) (USD Billion)

    Table 2 Global Anti Corrosion Coating Market: By Region, 2020-2027 (USD Billions)

    Table 3 North America Anti Corrosion Coating Market: By Country, 2020-2027 (USD Billions)

    Table 4 Europe Anti Corrosion Coating Market: By Country, 2020-2027 (USD Billions)

    Table 5 Asia-Pacific Anti Corrosion Coating Market: By Country, 2020-2027 (USD Billions)

    Table 6 RoW Anti Corrosion Coating Market: By Country, 2020-2027 (USD Billions)

    Table 7 Global Anti Corrosion Coating by Type Market: By Regions, 2020-2027 (USD Billions)

    Table 8 North America Anti Corrosion Coating by Type Market: By Country, 2020-2027 (USD Billions)

    Table 9 Europe Anti Corrosion Coating by Type Market: By Country, 2020-2027 (USD Billions)

    Table10 Asia-Pacific Anti Corrosion Coating by Type Market: By Country, 2020-2027 (USD Billions)

    Table11 RoW Anti Corrosion Coating by Type Market: By Country, 2020-2027 (USD Billions)

    Table12 North America Anti Corrosion Coating for End User Market: By Country, 2020-2027 (USD Billions)

    Table13 Europe Anti Corrosion Coating for End User Market: By Country, 2020-2027 (USD Billions)

    Table14 Asia-Pacific Anti Corrosion Coating for End User Market: By Country, 2020-2027 (USD Billions)

    Table15 RoW Anti Corrosion Coating for End User Market: By Country, 2020-2027 (USD Billions)

    Table16 Global Anti Corrosion Coating for End User Market: By Region, 2020-2027 (USD Billions)

    Table17 North America Anti Corrosion Coating for End User Market: By Country, 2020-2027 (USD Billions)

    Table18 Europe Anti Corrosion Coating for End User Market: By Country, 2020-2027 (USD Billions)

    Table19 Asia-Pacific Anti Corrosion Coating for End User Market: By Country, 2020-2027 (USD Billions)

    Table20 RoW Anti Corrosion Coating for End User Market: By Country, 2020-2027 (USD Billions)

    Table21 RoW Anti Corrosion Coating for End User Market: By Country, 2020-2027 (USD Billions)

    Table22 Global Type Market: By Region, 2020-2027 (USD Billions)

    Table23 Global End User Market: By Region, 2020-2027 (USD Billions)

    Table24 North America Anti Corrosion Coating Market, By Country (USD Billions)

    Table25 North America Anti Corrosion Coating Market, By Type (Billion USD)

    Table26 North America Anti Corrosion Coating Market, By End User (Billion USD)

    Table27 Europe: Anti Corrosion Coating Market, By Country (USD Billions)

    Table28 Europe: Anti Corrosion Coating Market, By Type (USD Billions)

    Table29 Europe: Anti Corrosion Coating Market, By End User (USD Billions)

    Table30 Asia-Pacific: Anti Corrosion Coating Market, By Country (USD Billions)

    Table31 Asia-Pacific: Anti Corrosion Coating Market, By Type (USD Billions)

    Table32 Asia-Pacific: Anti Corrosion Coating Market, By End User (USD Billions)

    Table33 RoW: Anti Corrosion Coating Market, By Country (USD Billions)

    Table34 RoW Anti Corrosion Coating Market, By Type (USD Billions)

    Table35 RoW: Anti Corrosion Coating Market, By End User (USD Billions)


    LIST OF FIGURES

    FIGURE 1 Global Anti Corrosion Coating Market segmentation

    FIGURE 2 Forecast Methodology

    FIGURE 3 Five Forces Analysis of Global Anti Corrosion Coating Market

    FIGURE 4 Value Chain of Global Anti Corrosion Coating Market

    FIGURE 5 Share of Global Anti Corrosion Coating Market in 2020, by country (in %)

    FIGURE 6 Global Anti Corrosion Coating Market, 2020-2027, (USD Billion)

    FIGURE 7 Sub-segments of End Users

    FIGURE 8 Global Anti Corrosion Coating Market size by End User, 2020

    FIGURE 9 Share of Global Anti Corrosion Coating Market by End User, 2020-2027

    FIGURE 10 Global Anti Corrosion Coating Market size by Type, 2020

    FIGURE 11 Share of Global Anti Corrosion Coating Market by Type, 2020-2027