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Anti-Corrosion Coatings Market Size, Opportunity, Analysis, Growth Driver, Latest Trends by Top Players and Region-Forecasts to 2025

Author : Ravi Chawat | Published Date : 2020-08-19 

Decresearch has recently published a study titled ‘Global anti-corrosion coatings market Research Report’. In this report, analysts have provided a detailed evaluation of the global anti-corrosion coatings market. The report is inclusive of a completely comprehensive study of the anti-corrosion coatings market alongside all the important factors that are likely to have an impact on the commercialization matrix of the market.

A highly methodical quantitative as well as qualitative analysis of the global anti-corrosion coatings market has been covered in the report. The study evaluates the numerous aspect of this industry by studying its historical and forecast data. Also provided in the research report are a Porter’s five force model, in tandem with the SWOT analysis and PESTEL analysis of the anti-corrosion coatings market.

Request sample copy of this report @ https://www.decresearch.com/request-sample/detail/808

The report covers various areas such as anti-corrosion coatings market size, segmental analysis, regional growth opportunities, drivers and constraints, major vendors in the market, as well as the competitive landscape.

Anti-Corrosion Coatings Market boasts of an extensive application landscape encompassing the biomass, oil & gas, nuclear, solar, and hydropower sectors. These coatings find widespread usage in drill bits, oil storage tanks, and drill pipes as they supposedly help prevent the accumulation of rust that occurs as a result of their contact with underground water as well as marshlands. In addition, the oil & gas equipment sector, which accumulated a revenue of USD 130 billion in 2010, is projected to hit the revenue margin of USD 278 billion by 2025, which in turn, will push the market trends. The ability of these coatings to provide an aesthetic value to the surface along with their beneficial features such as rust resistance, longevity, and UV resistance will provide numerous opportunities to large scale corporations to exploit the opportunities offered by anti-corrosion coatings market.

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 industry size.

In-depth table of contents @ https://www.decresearch.com/toc/detail/anti-corrosion-coatings-market

North America anti-corrosion coatings market, which was estimated at USD 1.5 billion in 2015, is projected to experience a noteworthy surge over the next few years, subject to high government funding across the military sector along with the flourishing oil & gas sector. U.S. anti-corrosion coatings industry is set to record a CAGR of more than 4.5% in the years ahead. Epoxy, chlorinated rubber, polyurethane, zinc, acrylic, and alkyd are the key anti-corrosion coatings products. Polyurethane anti-corrosion coatings industry, worth USD 3 billion in 2015, is forecast to observe a substantial expansion over the next few years. The growth can be attributed to the product’s ability to impart a lustrous appearance to the surface. The thriving polyurethane (PU) market will also contribute to the growth of this product segment.

Anti-corrosion coatings are extensively used across the transportation, manufacturing, construction, aerospace, oil & gas, infrastructure, chemical, energy, marine, and shipbuilding sectors. Infrastructure sector, which contributed more than USD 2 billion towards anti-corrosion coatings market revenue in 2015, is predicted to boost the business expansion. The development can be credited to government legislations supporting public infrastructural growth along with the escalation in the number of residential and commercial ventures. Anti-corrosion coatings market size in the energy sector is set to register substantial gains of 5% from the period of 2016 to 2025, driven by the product’s ability to protect the instruments from corroding.

RPM International Incorporation, AkzoNobel, Hempel Group, Valspar Company, PPG Industries, Valspar Company, Ashland, Axalta Coating Systems, AICA Kogyo Company Limited, Chugoku Marine Paints Limited, BASF SE, Chugoku Marine Paints Limited, PPG Industries, and Nippon Paints are some prominent industry participants in the anti-corrosion coatings market.

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About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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