Global Anti-Corrosion Coatings Market - Forecast to 2023

  • ID: 4311463
  • Report
  • Region: Global
  • 205 Pages
  • Frost & Sullivan
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High Growth is Expected from Booming Infrastructure and Commercial Architecture End-user Industries in the Middle East and Asia

FEATURED COMPANIES

  • 3M
  • Borealis
  • Dampney
  • Hempel
  • Magni
  • Sauereisen
  • MORE

According to a study by NACE International - the worldwide corrosion authority, the global annual expenditure to mitigate corrosion is in the range of $2.5 trillion, roughly equal to 3.4% of the world’s GDP. Protecting assets from corrosion is, hence, a critical requirement for all industries. Various protective, marine, and industrial coatings formulated to protect substrates such as metals and concrete from damage due to corrosion are broadly termed anti-corrosion coatings.

In this study, the global anti-corrosion coating market is analyzed for the end-user industries of oil and gas, manufacturing, water and wastewater, commercial architecture, infrastructure, marine, and power generation. The base year is 2016. The major chemistries involved in the formulation of these coatings are epoxy, polyurethane, polysiloxane, acrylic, and alkyds. The corrosion protection requirement of a coating varies based on the corrosion environment to which a substrate is expected to be exposed. Corrosive environments are rated from C1 to C5 according to ISO 12944-2 classification. Coatings used for protecting substrates in environments C1 and C2 are categorized as low-range coatings, C3 are categorized as medium-range coatings, and C4, C5I, and C5M are categorized as higher-end protective coatings in this study.

The anti-corrosion coatings market is highly competitive among manufacturers of lower-range products used mostly in manufacturing, infrastructure, and commercial architecture. Additionally, the presence of a significant number of large and regional market participants offering such products compels manufacturers to maintain low prices due to the high price sensitivity of customers, especially in the developing countries of Asia-Pacific. On the other hand, manufacturers of higher-range protective coatings used to protect substrates in harsh marine, off-shore, and chemical exposure conditions experience less competition and price sensitivity, as customers seek specialized and efficient products for such applications even at higher prices.

Asia-Pacific is the largest regional market for anti-corrosion coatings, with high growth potential driven by the growing end-user industries such as infrastructure, manufacturing, and water and wastewater.

The market in North America is expected to witness significant growth from the manufacturing sector, while a recovery in crude oil prices is expected to propel revenue growth in the region from the oil and gas sector.

Anti-corrosion coatings face regulatory pressure from organizations such as US Environmental Protection Agency (US EPA) and REACH, which mandate the use of products with low VOC emissions and eliminate the use of heavy metals. There is an increasing trend of customers moving to waterborne and higher solids anti-corrosion coatings instead of solvent-borne ones for want of lower VOC emissions, better aesthetics, and durability. Manufacturers are increasingly investing in product development to enhance environmental sustainability and product efficiency. Customers are looking for products that are easier to apply, with quicker drying times and longevity.

Key questions this will answer:

  • What are the major applications and end-user industries in the anti-corrosion market space?
  • What are the major chemistries in the anti-corrosion coatings market?
  • What are the trends in R&D and technology development?
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FEATURED COMPANIES

  • 3M
  • Borealis
  • Dampney
  • Hempel
  • Magni
  • Sauereisen
  • MORE
1. Executive Summary
  • Key Findings
  • Executive Summary - Strategic Factsheet
  • Market Engineering Measurements
  • CEO’s Perspective
2. Market Overview
  • Market Definitions
  • Geographic Scope
  • Market Definitions
  • Key Questions this Study will Answer
  • Market Segmentation
3. Drivers and Restraints - Total Anti-corrosion Coatings Market
  • Market Drivers
  • Drivers Explained
  • Market Restraints
  • Restraints Explained
4. Forecasts and Trends - Total Anti-corrosion Coatings Market
  • Market Engineering Measurements
  • Forecast Assumptions
  • Revenue Forecast
  • Unit Shipment Forecast
  • Percent Revenue Forecast by Region
  • Revenue Forecast by Region
  • Percent Unit Shipment Forecast by Region
  • Unit Shipment Forecast by Region
  • Percent Revenue Forecast by End-user Industry
  • Percent Unit Shipment Forecast by End-user Industry
  • Value Chain
  • Value Chain Description
  • Anti-corrosion Coatings - Regulations
5. Market Share and Competitive Analysis - Total Anti-corrosion Coatings Market
  • Market Share
  • Notable Mergers and Acquisitions
  • Competitive Forces (Porter’s 5 Forces Model)
  • Competitive Forces (Porter’s 5 Forces Model) Discussion
  • Product Matrix
6. Growth Opportunities and Companies to Action
  • Growth Opportunity 1 - Hybrid Coatings
  • Growth Opportunity 2 - Direct-to-Metal (DTM) Coatings
  • Growth Opportunity 3 - Construction Growth in Asia-Pacific and Rest of the World
  • Strategic Imperatives for Success and Growth
7. End-user Industry Analysis - Oil & Gas
  • Industry Overview
  • Market Engineering Measurements
  • Unit Shipment and Revenue Forecast
  • Unit Shipment and Revenue Forecast Discussion
  • Oil & Gas End-user Industry - Key Trends
  • Competitive Environment
8. End-user Industry Analysis - Manufacturing
  • Industry Overview
  • Market Engineering Measurements
  • Unit Shipment and Revenue Forecast
  • Unit Shipment and Revenue Forecast Discussion
  • Manufacturing End-user Industry - Key Trends
  • Competitive Environment
9. End-user Industry Analysis - Water & Wastewater
  • Segment Overview
  • Market Engineering Measurements
  • Unit Shipment and Revenue Forecast
  • Unit Shipment and Revenue Forecast Discussion
  • Water & Wastewater End-user Industry - Key Trends
  • Competitive Environment
10. End-user Industry Analysis - Commercial Architecture
  • Segment Overview
  • Market Engineering Measurements
  • Unit Shipment and Revenue Forecast
  • Unit Shipment and Revenue Forecast Discussion
  • Commercial Architecture End-user Industry - Key Trends
  • Competitive Environment
11. End-user Industry Analysis - Infrastructure
  • Industry Overview
  • Market Engineering Measurements
  • Unit Shipment and Revenue Forecast
  • Unit Shipment and Revenue Forecast Discussion
  • Infrastructure End-user Industry - Key Trends
  • Competitive Environment
12. End-user Industry Analysis - Marine
  • Industry Overview
  • Market Engineering Measurements
  • Unit Shipment and Revenue Forecast
  • Unit Shipment and Revenue Forecast Discussion
  • Marine End-user Industry - Key Trends
  • Competitive Environment
13. End-user Industry Analysis - Power Generation
  • Industry Overview
  • Market Engineering Measurements
  • Unit Shipment and Revenue Forecast
  • Unit Shipment and Revenue Forecast Discussion
  • Power Generation End-user Industry - Key Trends
  • Competitive Environment
14. North America Breakdown
  • North America - Characteristics and Overview
  • Market Engineering Measurements
  • Unit Shipment and Revenue Forecast
  • Unit Shipment and Revenue Forecast Discussion
  • Pricing Trends and Forecast
  • Pricing Trends and Forecast Discussion
  • Percent Revenue Forecast by Country
  • Percent Unit Shipment Forecast by Substrate and Mode of Application
  • Percent Unit Shipment Forecast by Substrate and Mode of Application Discussion
  • Percent Revenue Forecast by End-user Industry
  • Percent Unit Shipment Forecast by End-user Industry
  • Percent Unit Shipment and Revenue Forecast by End-user Industry Discussion
  • Percent Unit Shipment Forecast by Chemistry
  • Percent Unit Shipment Forecast by Chemistry Discussion
  • Percent Unit Shipment Forecast by Technology
  • Market Share
  • Competitive Environment
15. Europe Breakdown
  • Europe - Characteristics and Overview
  • Market Engineering Measurements
  • Unit Shipment and Revenue Forecast
  • Unit Shipment and Revenue Forecast Discussion
  • Pricing Trends and Forecast
  • Pricing Trends and Forecast Discussion
  • Percent Unit Shipment Forecast by Substrate and Mode of Application
  • Percent Unit Shipment Forecast by Substrate and Mode of Application Discussion
  • Percent Revenue Forecast by End-user Industry
  • Percent Unit Shipment Forecast by End-user Industry
  • Percent Unit Shipment and Revenue Forecast by End-user Industry Discussion
  • Percent Unit Shipment Forecast by Chemistry
  • Unit Shipment Forecast by Chemistry Discussion
  • Percent Unit Shipment Forecast by Technology
  • Percent Revenue Forecast by Sub-region
  • Market Share
  • Competitive Environment
16. Asia-Pacific Breakdown
  • Asia-Pacific - Characteristics and Overview
  • Market Engineering Measurements
  • Unit Shipment and Revenue Forecast
  • Unit Shipment and Revenue Forecast Discussion
  • Pricing Trends and Forecast
  • Pricing Trends and Forecast Discussion
  • Percent Unit Shipment Forecast by Substrate and Mode of Application
  • Percent Unit Shipment Forecast by Substrate and Mode of Application Discussion
  • Percent Revenue Forecast by End-user Industry
  • Percent Unit Shipment Forecast by End-user Industry
  • Percent Unit Shipment and Revenue Forecast by End-user Industry Discussion
  • Percent Unit Shipment Forecast by Chemistry
  • Unit Shipment Forecast by Chemistry Discussion
  • Percent Unit Shipment Forecast by Technology
  • Percent Revenue Forecast by Country
  • Market Share
  • Competitive Environment
17. Rest of the World Breakdown
  • Rest of the World - Characteristics and Overview
  • Market Engineering Measurements
  • Unit Shipment and Revenue Forecast
  • Unit Shipment and Revenue Forecast Discussion
  • Pricing Trends and Forecast
  • Pricing Trends and Forecast Discussion
  • Percent Unit Shipment Forecast by Substrate and Mode of Application
  • Percent Unit Shipment Forecast by Substrate and Mode of Application Discussion
  • Percent Revenue Forecast by End-user Industry
  • Percent Unit Shipment Forecast by End-user Industry
  • Percent Unit Shipment and Revenue Forecast by End-user Industry Discussion
  • Percent Unit Shipment Forecast by Chemistry
  • Unit Shipment Forecast by Chemistry Discussion
  • Percent Unit Shipment Forecast by Technology
  • Percent Revenue Forecast by Country
  • Market Share
  • Competitive Environment
18. The Last Word
  • The Last Word - 3 Big Predictions
  • Legal Disclaimer
19. Appendix
  • Market Engineering Methodology
  • Additional Sources of Information on Anti-corrosion Coatings
  • Partial List of Companies Interviewed
  • Abbreviations and Acronyms Used
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  • 3M
  • Aegion
  • Akzo Nobel
  • Anticorrosion Protective Systems
  • Axalta
  • Berger
  • Borealis
  • Carboline
  • Chase
  • Chugoku
  • Corrosioneering
  • Dampney
  • Denso Corrosion Prevention
  • Dulux
  • Dunn-Edwards
  • EonCoat
  • Greenkote
  • Hempel
  • Heresite
  • Jotun
  • Kansai
  • LyondellBasell
  • Magni
  • Nippon Paint Marine Coatings
  • Poeton
  • PPG
  • Praxair
  • Rust-Oleum
  • Sauereisen
  • Sherwin Williams
  • Sika
  • Surface Technology
  • Teknos
  • Tikkurila
  • Tnemec
  • US Coatings
  • Wasser
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