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Anticorrosion Coatings Market - Forecast (2020 - 2025)

  • ID: 3501577
  • Report
  • March 2020
  • Region: Global
  • 101 pages
  • IndustryARC
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The global anti-corrosion coatings Market is estimated to surpass $22.36 billion by 2025 growing at an estimated CAGR of more than 5% during 2020 to 2025. These coatings are in high demand as they help to reduce corrosion, protect the valuable assets, and increase the efficiency of the machines. APAC is dominating this market with a share of approximately 50% in 2020 and generating revenue $8.91 billion in in 2020. It is expected to grow at a CAGR of more than 6.43% to reach $12.17 billion by 2025 which is mainly attributed to the growing demand from the construction industry.  Oil and Gas is the industry application with major revenues and volumes.

What is an Anti-corrosion coating?

Corrosion is the surface deterioration of metal/alloys within particular environment because of moisture, salt spray, oxidation or exposure to industrial chemicals. Anti-corrosion coatings prevent the corrosion of metals/alloys by acting as a barrier between the metals and the corrosive materials in contact. The coatings are highly useful for enhancing the sheet life, its usages and aesthetic value. These sheets are being utilized in various industries ranging from automotive, marine, oil & gas, industrial, power generation, and others.

What are the major applications for Coatings?

The various end users assessed include Oil & gas, automotive, aerospace, construction & infrastructure, marine, and energy & power. In marine industry, corrosion control is used to reduce or entirely eliminate sea water corrosion problems. Many destructive attacks can occur in the structure and other equipment of ships due to direct contact of these parts with saline sea water. Aqueous corrosion is the problem encountered after coming in contact with the sea water. Marine industry can also experience atmospheric corrosion due to exposure of metallic parts in the atmosphere containing reactive chemical compounds.

Automotive industry uses anti-corrosion paint technology as solution from rusting in various parts of the vehicle. These uniform anti-corrosion coatings provides effective base coat for paints, sealers, e-coat, and other topcoats above the metallic vehicle parts. These coatings can be used in fasteners, body hardware, door closure, and lock part.

Market Research and Market Trends of Anti-corrosion coatings

  • New technology has been developed where coatings can self-heal with the addition of reactive microcapsules into an epoxy-polyamine coating matrix. Microcapsules are diluted in reactive principal materials with self-healing character to act upon damage. The diluted microcapsules are modified to restrain water or solvent materials, make them acceptable for coatings and paints for underwater structures. This technology works efficiently in solvent borne or water borne paint systems. The technology is known for its function its anti- corrosion protection like used in submerged and underground structures.
  • Polyaspartics have been extensively used for coating steel to prevent corrosion but in recent times most of the manufacturers are promoting it as floor coatings, since it has low Volatile Organic Content, can raise solids levels and optimize the workability time. Cracks and joints is one of the major problems present in rigid epoxy floor systems. The continuous movement of thermal or load transfer factors cause cracking in the polymer floor systems.
  • Growing demand for inert, cost efficient, environmental friendly and low friction coatings have resulted for the need of Polymer coatings due to its advantages like low density, anti-corrosion properties, self-lubricity, low cost and ease of processing. But limiting factors such as low load bearing capacity has resulted in the developments of polymer based Nano composite coatings to improve the tribological performance of the polymer coating.
  • Industries have been using hydrophobic materials and coatings for decades. Now, material scientists are going beyond simple water repellency to include additional functionality for more specific applications. New advances in material science are making it feasible to create smart, functional coatings that combine hydrophobic properties with added functionality for specific industrial, consumer, medical or military applications. Functional coatings are made by introducing additives or manipulating the nanostructure or chemical composition of the coating itself in order to change the way the coating responds in the presence of specific stimuli. These stimuli-responsive materials are able to chemically or physically react to their environment in different ways like self-cleaning and can change their surface topography in response to light in order to modulate characteristics such as wettability or surface friction.

Who are the Major Players in Anti Corrosion Coatings Market?

The companies referred in the market research report include the 3M (US), BASF SE (Germany), Hempel Group (Europe), and Kansai Paint Co., Ltd (Japan), PPG Industries (US), The Dow Chemical Company (US), Wacker Chemie AG (Germany) and other companies.

What is our report scope?

The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2020-2025.

Key Takeaways from this Report

  • Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
  • Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
  • Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.
  • Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
  • Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
  • Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.

Please Note: The report is to be delivered in 1-2 working days after an order is placed.
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1. Anti-Corrosion Coatings Market Overview

2. Executive Summary

3. Anti-Corrosion Coatings Market Landscape
3.1. Market Share Analysis
3.2. Comparative Analysis
3.2.1. Product Benchmarking
3.2.2. End User profiling
3.2.3. Patent Analysis
3.2.4. Top 5 Financials Analysis

4. Anti-Corrosion Coatings Market Forces
4.1. Market Drivers
4.2. Market Constraints
4.3. Market Challenges
4.4. Attractiveness of the Industry
4.4.1. Power of Suppliers
4.4.2. Power of Customers
4.4.3. Threat of New entrants
4.4.4. Threat of Substitution
4.4.5. Degree of Competition

5. Anti-Corrosion Coatings Market – Strategic Analysis
5.1. Value Chain Analysis
5.2. Pricing Analysis
5.3. Opportunities Analysis
5.4. Product/Market Life Cycle Analysis
5.5. Suppliers and Distributors

6. Anti-Corrosion Coatings Market – By Resin Type
6.1. Introduction
6.2. Silicone
6.3. Ethyl Silicates
6.4. Epoxy
6.5. Alkyd resins
6.6. Polyesters
6.7. Phenolic resins
6.8. Amino resins
6.9. Polyamides
6.10. Polyurethane
6.11. Others

7. Anti-Corrosion Coatings Market – By Solvent
7.1. Introduction
7.2. Aliphatic hydrocarbons
7.3. Aromatic hydrocarbons
7.4. Ketones
7.5. Esters
7.6. Alcohols
7.7. Ethers
7.8. Others

8. Anti-Corrosion Coatings Market – By Binders
8.1. Introduction
8.2. Oxygen reactive binders
8.3. Lacquers
8.4. Heat Conversion binders
8.5. Co-reactive binders
8.6. Condensation binders
8.7. Coalescent binders
8.8. Inorganic binders
8.9. Others

9. Anti-Corrosion Coatings Market – By Pigment
9.1. Introduction
9.2. Zinc Chromate
9.3. Magnesium
9.4. Red Oxide
9.5. Others

10. Anti-Corrosion Coatings Market – By Technology
10.1. Introduction
10.2. Solvent-Borne
10.3. Water-Borne
10.4. Solvent -Free
10.5. Hot Melt
10.6. Others

11. Anti-Corrosion Coatings Market – By Application
11.1. Introduction
11.2. Oil & Gas
11.3. Marine
11.4. Energy and Power
11.4.1. Solar Energy
11.4.2. Power plants
11.4.3. Wind turbines
11.5. Construction and Infrastructure
11.6. Automotive
11.7. Aerospace
11.8. Others

12. Anti-Corrosion Coatings Market - By Geography
12.1. Introduction
12.2. North America
12.2.1. U.S.
12.2.2. Canada
12.2.3. Mexico
12.3. South America
12.3.1. Brazil
12.3.2. Venezuela
12.3.3. Argentina
12.3.4. Ecuador
12.3.5. Peru
12.3.6. Colombia
12.3.7. Costa Rica
12.4. Europe
12.4.1. U.K
12.4.2. Germany
12.4.3. Italy
12.4.4. France
12.4.5. Netherlands
12.4.6. Belgium
12.4.7. Spain
12.4.8. Denmark
12.4.9. Rest of Europe
12.5. APAC
12.5.1. China
12.5.2. Australia
12.5.3. South Korea
12.5.4. India
12.5.5. Taiwan
12.5.6. Malaysia
12.5.7. Hong Kong
12.5.8. Rest of APAC
12.5.9. Middle East& Africa
12.5.10. Israel
12.5.11. South Africa
12.5.12. Saudi Arabia
12.6. Rest of Middle East and Africa

13. Market Entropy
13.1. New Product Launches
13.2. M&As, Collaborations, JVs, Partnership

14. Company Profiles (Overview, Financials, SWOT Analysis, Developments, Product Portfolio)
14.1. 3M (US)
14.2. BASF SE (Germany)
14.3. Hempel Group (Europe)
14.4. Kansai Paint Co., Ltd (Japan)
14.5. PPG Industries (US)
14.6. The Dow Chemical Company (US),
14.7. Wacker Chemie AG (Germany)

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16.

17. Appendix
17.1. Abbreviations
17.2. Sources
17.3. Research Methodology
17.4. Bibliography
17.5. Compilation of Expert Insights
17.6. Disclaimer
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