Anti-corrosion Coating Market by Type, Technology and End-User Industry - Global Opportunity Analysis and Industry Forecast, 2014-2022

  • ID: 4176062
  • Report
  • Region: Global
  • 261 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • 3M Co.
  • Akzo Nobel N.V.
  • BASF SE
  • Hempel A/S
  • Kansai Paints Co. Ltd.
  • Nippon Paints Co. Ltd.
  • MORE
Anti-corrosion Coating Market by Type (Epoxy, Polyurethane, Acrylic, Alkyd, Zinc, Chlorinated Rubber, and Others), Technology (Solvent-Borne, Waterborne, Powder Coating, and Others), and End-User Industry (Marine, Oil & Gas, Industrial, Automotive, Construction, Energy, and Others)

The global anti-corrosion coating market was valued at $14,276 million in 2015, and is expected to reach $26,627 million by 2022, growing at a CAGR of 9.7% from 2016 to 2022. Corrosion leads to spontaneous reaction between a material and its environment, resulting in deterioration of mechanical properties of the material. Anti-corrosion coatings prevent this deterioration of materials, such as composites, alloys, metals, polymers, and ceramics, which occurs due to oxidation, moisture, salt spray, industrial chemicals, or exposure to various environmental conditions. These coatings possess properties such as abrasion resistance, gloss retention, and are lightweight, thus improving the lifespan and performance of the materials. Use of these coatings results in increased efficiency of industrial operations, cost reduction, conservation of scarce material resources, and reduction in pollutant emissions. An anti-corrosion coating functions by forming a barrier between the substrate material and environment, inhibiting the corrosion processes.

Steel is among the major raw materials employed in the construction & automotive industry. Increase in investment in construction activities across emerging economies, such as India, China, and Brazil, and development of automotive market drive the market growth. Rapid urbanization has transformed these regions into manufacturing hubs of chemical plants, oil refineries, paper mills, and others, which are major consumers of these coatings.

Usage of solvent-borne anti-corrosion coatings containing other toxic heavy metals has declined progressively in the last decade due to stringent environmental regulations from agencies such as Environmental Protection Agency (EPA) of the U.S. and Registration Evaluation Authorization and Restriction of Chemicals (REACH) of Europe.

High energy demand is expected to create new opportunities for anti-corrosion coating manufacturers in the energy sector, including oil & gas, power plants, wind turbines, solar, and others. These coatings protect oil & gas containers, pipes, rotor blades, towers, solar panels, and other equipment from extreme environmental conditions.

The global anti-corrosion coating market is segmented based on type, technology, end-user industry, and geography. By type, the market is classified into epoxy, polyurethane, acrylic, alkyd, zinc, chlorinated rubber, and others (silicates, fluorocarbons, co-polymers, graphene, ceramic, and glass flakes). On the basis of technology, it is categorized into solvent-borne, waterborne, powder, and other anti-corrosion coatings. According to end-user industry, it is divided into marine, oil & gas, industrial, construction, energy, automotive, and others. The energy end-user industry is subsegmented into power plants, solar energy, and wind turbines. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Major players profiled in this study are as follows:

3M Co.
Akzo Nobel N.V.
BASF SE
Hempel A/S
Kansai Paints Co. Ltd.
Nippon Paints Co. Ltd.
PPG Industries, Inc.
The Sherwin-Williams Company
The Dow Chemical Company
Wacker Chemie AG

KEY BENEFITS FOR STAKEHOLDERS

The report provides an in-depth analysis of the current trends, drivers, and dynamics of the global anti-corrosion coating market to elucidate the growth opportunities and the probable investment pockets.
It offers qualitative trends as well as quantitative analysis from 2014 to 2022 to assist the stakeholders to understand the market scenario.
In-depth analysis of the key segments demonstrates the consumption of anti-corrosion coatings across various end-user industries.
Competitive intelligence highlights the business practices followed by key business players across the geographies and the prevailing market opportunities.
Key players are profiled along with their strategies and developments to portray the competitive market outlook.

KEY MARKET SEGMENTS

By Type

Epoxy
Polyurethane
Acrylic
Alkyd
Zinc
Chlorinated Rubber
Others (Silicates, Fluorocarbons, Copolymers, Graphene, Ceramic, and Glass Flakes)

By Technology

Solvent-Borne
Waterborne
Powder
Others (High-Energy Cure Coatings and Nanocoatings)

By End-User Industry

Marine
Oil & Gas
Industrial
Construction
Energy
Power Plants
Solar Energy
Wind Turbines
Automotive
Others (Pipes & Tanks and Wastewater Treatment Plants)

By Geography

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Turkey
Russia
Rest of Europe
Asia-Pacific
China
India
Korea
Japan
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
Qatar
UAE
Rest of LAMEA
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • 3M Co.
  • Akzo Nobel N.V.
  • BASF SE
  • Hempel A/S
  • Kansai Paints Co. Ltd.
  • Nippon Paints Co. Ltd.
  • MORE
Chapter 1 Report Description

1.1. Introduction

1.1.1. Key Benefits For Stakeholders
1.1.2. Key Market Segments

1.2. Research Methodology

1.2.1. Secondary Research
1.2.2. Primary Research
1.2.3. Analyst Tools And Models

Chapter 2 Executive Summary

2.1. Key Findings Of The Study
2.2. CXO Perspective

Chapter 3 Market Overview

3.1. Market Definition And Scope
3.2. Key Findings

3.2.1. Top Investment Pocket, By Type

3.3. Porter's Five Forces Analysis

3.3.1. Bargaining Power Of Suppliers
3.3.2. Bargaining Power Of Buyers
3.3.3. Threat Of New Entrants
3.3.4. Threat Of Substitutes
3.3.5. Intensity Of Competitive Rivalry

3.4. Market Dynamics

3.4.1. Drivers

3.4.1.1. Increase In Awareness Regarding Ecofriendly Products
3.4.1.2. Increase In Investment Across End User Industries
3.4.1.3. Superior Performance Of Anti-Corrosion Powder Coating

3.4.2. Restraints

3.4.2.1. Limitations Of Epoxy Anti-Corrosion Coating
3.4.2.2. Government Regulations

3.4.3. Opportunities

3.4.3.1. Increase In Demand Of Anti-Corrosion Coating In Marine Industry To Improve Efficiency
3.4.3.2. Increase In Application Of Anti-Corrosion Coating In Solar And Wind Energy Industry

3.5. Patent Analysis

3.5.1. Patent Analysis By Year
3.5.2. Patent Analysis By Region
3.5.3. Patent Analysis By Company
3.5.4. Regulatory Scenario

Chapter 4 Global Anti-Corrosion Coating Market, By Type

4.1. Introduction

4.1.1. Market Size And Forecast

4.2. Epoxy Anti-Corrosion Coating

4.2.1. Key Market Trends, Growth Factors And Opportunities
4.2.2. Market Size And Forecast

4.3. Polyurethane Anti Corrosion Coating

4.3.1. Key Market Trends, Growth Factors And Opportunities
4.3.2. Market Size And Forecast

4.4. Acrylic Anti-Corrosion Coating

4.4.1. Key Market Trends, Growth Factors And Opportunities
4.4.2. Market Size And Forecast

4.5. Alkyd Anti-Corrosion Coating

4.5.1. Key Market Trends, Growth Factors And Opportunities
4.5.2. Market Size And Forecast

4.6. Zinc Anti-Corrosion Coating

4.6.1. Key Market Trends, Growth Factors And Opportunities
4.6.2. Market Size And Forecast

4.7. Chlorinated Rubber Anti-Corrosion Coating

4.7.1. Key Market Trends, Growth Factors And Opportunities
4.7.2. Market Size And Forecast

4.8. Others

4.8.1. Key Market Trends, Growth Factors And Opportunities
4.8.2. Market Size And Forecast

Chapter 5 Anti-Corrosion Coating Market, By Technology

5.1. Introduction

5.1.1. Market Size And Forecast

5.2. Solvent-Borne Anti-Corrosion Coating

5.2.1. Key Market Trends, Growth Factors And Opportunities
5.2.2. Market Size And Forecast

5.3. Water-Borne Anti-Corrosion Coating

5.3.1. Key Market Trends, Growth Factors And Opportunities
5.3.2. Market Size And Forecast

5.4. Power Coating

5.4.1. Key Market Trends, Growth Factors And Opportunities
5.4.2. Market Size And Forecast

5.5. Others

5.5.1. Key Market Trends, Growth Factors And Opportunities
5.5.2. Market Size And Forecast

Chapter 6 Anti-Corrosion Coating Market, By End-User Industry

6.1. Introduction

6.1.1. Market Size And Forecast

6.2. Marine

6.2.1. Key Market Trends, Growth Factors And Opportunities
6.2.2. Market Size And Forecast

6.3. Oil & Gas

6.3.1. Key Market Trends, Growth Factors And Opportunities
6.3.2. Market Size And Forecast

6.4. Industrial

6.4.1. Key Market Trends, Growth Factors And Opportunities
6.4.2. Market Size And Forecast

6.5. Construction

6.5.1. Key Market Trends, Growth Factors And Opportunities
6.5.2. Market Size And Forecast

6.6. Energy

6.6.1. Key Market Trends, Growth Factors And Opportunities
6.6.2. Power Plants
6.6.3. Solar Energy
6.6.4. Wind Energy
6.6.5. Market Size And Forecast

6.7. Automotive

6.7.1. Key Market Trends, Growth Factors And Opportunities
6.7.2. Market Size And Forecast

6.8. Others

6.8.1. Key Market Trends, Growth Factors And Opportunities
6.8.2. Market Size And Forecast

Chapter 7 Anti-Corrosion Coating Market, By Geography

7.1. Introduction

7.1.1. Market Size And Forecast

7.2. North America

7.2.1. Key Market Trends, Growth Factors, And Opportunities
7.2.2. Market Size And Forecast
7.2.3. U.S.
7.2.4. Market Size And Forecast, By Type
7.2.5. Canada
7.2.6. Market Size And Forecast, By Type
7.2.7. Mexico
7.2.8. Market Size And Forecast, By Type

7.3. Europe

7.3.1. Key Market Trends, Growth Factors, And Opportunities
7.3.2. Market Size And Forecast
7.3.3. Germany
7.3.4. Market Size And Forecast, By Type
7.3.5. Uk
7.3.6. Market Size And Forecast, By Type
7.3.7. Turkey
7.3.8. Market Size And Forecast, By Type
7.3.9. France
7.3.10. Market Size And Forecast, By Type
7.3.11. Russia
7.3.12. Market Size And Forecast, By Type
7.3.13. Rest Of Europe
7.3.14. Market Size And Forecast, By Type

7.4. Asia-Pacific

7.4.1. Key Market Trends, Growth Factors, And Opportunities
7.4.2. Market Size And Forecast
7.4.3. China
7.4.4. Market Size And Forecast, By Type
7.4.5. Japan
7.4.6. Market Size And Forecast, By Type
7.4.7. Korea
7.4.8. Market Size And Forecast, By Type
7.4.9. India
7.4.10. Market Size And Forecast, By Type
7.4.11. Rest Of Asia-Pacific
7.4.12. Market Size And Forecast, By Type

7.5. Lamea

7.5.1. Key Market Trends, Growth Factors, And Opportunities
7.5.2. Market Size And Forecast
7.5.3. Brazil
7.5.4. Market Size And Forecast, By Type
7.5.5. Argentina
7.5.6. Market Size And Forecast, By Type
7.5.7. Uae
7.5.8. Market Size And Forecast, By Type
7.5.9. Qatar
7.5.10. Market Size And Forecast, By Type
7.5.11. Rest Of Lamea
7.5.12. Market Size And Forecast, By Type

Chapter 8 Company Profile

8.1. 3M Co.

8.1.1. Company Overview
8.1.2. Operating Business Segments
8.1.3. Business Performance
8.1.4. Key Strategies And Developments

8.2. Akzonobel N.V.

8.2.1. Company Overview
8.2.2. Operating Business Segments
8.2.3. Business Performance
8.2.4. Key Strategies And Developments

8.3. Basf Se

8.3.1. Company Overview
8.3.2. Operating Business Segments
8.3.3. Business Performance
8.3.4. Key Strategies And Developments

8.4. Hempel A/S

8.4.1. Company Overview
8.4.2. Operating Business Segments
8.4.3. Business Performance
8.4.4. Key Strategies And Developments

8.5. Kansai Paints Co. Ltd.

8.5.1. Company Overview
8.5.2. Operating Business Segments
8.5.3. Business Performance
8.5.4. Key Strategies And Developments

8.6. Nippon Paints Co. Ltd.

8.6.1. Company Overview
8.6.2. Operating Business Segments
8.6.3. Business Performance
8.6.4. Key Strategies And Developments

8.7. Ppg Industries, Inc.

8.7.1. Company Overview
8.7.2. Operating Business Segments
8.7.3. Business Performance
8.7.4. Key Strategies And Developments

8.8. The Sherwin Williams Company.

8.8.1. Company Overview
8.8.2. Operating Business Segments
8.8.3. Business Performance
8.8.4. Key Strategies And Developments

8.9. The Dow Chemical Company

8.9.1. Company Overview
8.9.2. Operating Business Segments
8.9.3. Business Performance
8.9.4. Key Strategies And Developments

8.10. Wacker Chemie Ag

8.10.1. Company Overview
8.10.2. Operating Business Segments
8.10.3. Business Performance
8.10.4. Key Strategies And Developments
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • 3M Co.
  • Akzo Nobel N.V.
  • BASF SE
  • Hempel A/S
  • Kansai Paints Co. Ltd.
  • Nippon Paints Co. Ltd.
  • MORE
Global anti-corrosion coating market was valued at $14,276 million in 2015, and is expected to reach $26,627 million by 2022, growing at a CAGR of 9.7% during the forecast period, according to a new report. The epoxy anti-corrosion coating segment held approximately more than two-fifths share of the total market in 2015.

Anti-corrosion coatings are used to combat the occurrence and progression of corrosion on a metal substrate. In addition, it offers high mechanical strength, high chemical & temperature resistance, wear & tear resistance, high permeability, and superior finishing ability to the metal structures.

Increased globalization is a key factor that affects the anti-corrosion coating industry. Rapid economic growth in India and China has led to increased construction activities, resulting in high consumption of anti-corrosion coatings. As majority of the countries in Asia-Pacific are still largely rural, the economic growth is set to fuel the ongoing urbanization, transforming India and China into manufacturing hubs for marine, automobile, food & beverages, pharmaceutical, and chemical industries. Moreover, increase in population in these countries is expected to boost the demand for housing & commercial infrastructure, which in turn is projected to drive the anti-corrosion coatings market growth.

Solvent-borne anti-corrosion coating segment was the largest revenue generator in 2015, as these coatings are widely used in several applications. However, it is expected to witness a downturn due to the stringent regulations imposed by government bodies such as Environmental Protection Agency (EPA) of U.S. and Registration Evaluation Authorization and Restriction of Chemicals (REACH) of Europe. Waterborne and powder anti-corrosion coatings are gaining popularity owing as they possess low levels of volatile organic compounds (VOCs) and hazardous air pollutants (HAPs).

Key findings of the Anti-Corrosion Coating Market :

The marine end-user segment occupied the highest share in 2015, and is expected to grow at a CAGR of 9.9%, in terms of value, during the forecast period.
Asia-Pacific is the leading consumer of anti-corrosion coatings, accounting for approximately more than one-third share of the global market, followed by North America.
The acrylic anti-corrosion coating type is expected to witness the highest CAGR of 10.4%.
Solvent-borne anti-corrosion coating segment accounted for more than three-fifths of the global anti-corrosion coating market in 2015.
China is the leading market in the Asia-Pacific region, growing at a CAGR 10.4%.
Asia-Pacific accounted for the largest market share in 2015, and is projected to grow at the highest CAGR, owing to high economic growth, which is expected to boost the ongoing urbanization. Rise in investments in marine, construction, automotive, and energy industries in India and China, owing to shift in the industry trends, is projected to drive the anti-corrosion coating market.

The prominent players profiled in this report include 3M Co., Akzo Nobel N.V., BASF SE, Hempel A/S, Kansai Paints Co., Ltd, Nippon Paints Co. Ltd., PPG Industries, Inc., The Sherwin-Williams Company, The Dow Chemical Company, and Wacker Chemie AG.
Note: Product cover images may vary from those shown
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  • 3M Co.
  • Akzo Nobel N.V.
  • BASF SE
  • Hempel A/S
  • Kansai Paints Co. Ltd.
  • Nippon Paints Co. Ltd.
  • PPG Industries, Inc.
  • The Sherwin-Williams Company
  • The Dow Chemical Company
  • Wacker Chemie AG
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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