+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Anticorrosion Coatings: Global Markets

  • PDF Icon

    Report

  • 140 Pages
  • April 2022
  • Region: Global
  • BCC Research
  • ID: 5174514
The scope of this report is broad and covers various product types used across anticorrosion coating applications and end-user segments. This report classifies the product types as epoxy, polyurethane, acrylic, alkyd, zinc, chlorinated rubber, and others, in an effort to help companies and investors prioritize product opportunities and strategic movements.



End-user industries covered include marine, oil and gas, industrial manufacturing, construction, energy, automotive and others. These sectors consume anticorrosion coatings for applications such as heat exchangers, cooling towers, boilers, effluent water treatment plants, pipelines, drill equipment and rails that require specialized coating technologies to deal with corrosion resistance boosting for operational performance to be delivered by each of these major assets. Every component of an asset has a lifetime cost attached to it, and the life cycle purely depends on the regular maintenance work performed on the asset.

The market segmentation is further classified into technology-based waterborne, solvent-borne, powder coating and others. Solvent-based anticorrosion coatings contain a high amount of VOCs that are hazardous to human health and the environment. Water-borne coatings are gaining in popularity due to their properties, such as low VOC content in comparison with solvent-borne coatings. Powder coatings are used for metal protective coating applications as they deliver superior results, and in terms of color they stay bright and fresh for a long period.

Revenues are reported and estimated from 2021 to 2027 and given for each product type and end-user with estimated values derived from the companies’ total revenues.

The report also includes a discussion of the leaders in each regional market. Further, it explains the major drivers and regional dynamics of the global market for anti-corrosion coatings and current industry trends.

The report offers a focus on the vendor landscape and concludes with profiles of the major vendors in the global market.

Report Includes

  • 52 data tables and 31 additional tables
  • An updated overview of the global market for anticorrosion coatings
  • Estimation of the market size and analyses of global market trends, with data from 2021, estimates for 2022, with projections of compound annual growth rates (CAGRs) through 2027
  • Detailed insights into factors driving and restraining the growth of the global anti-corrosion coatings market and a country-level market value analysis for each segment
  • Highlights of the market potential of anticorrosion coatings, along with global market share analysis on the basis of product type, technology, end-user with major regions and countries involved
  • Information on market opportunities, prospects and threats, new and upcoming technologies, regulatory developments, and demographic shifts that are affecting the market
  • Industry value chain analysis of global anti-corrosion coatings market providing a systematic study of the key intermediaries involved, which could further assist stakeholders in formulating appropriate strategies
  • Market share analysis of the key companies of the industry and coverage of their proprietary technologies, strategic alliances, and other key market strategies
  • Comprehensive company profiles of the leading players of the industry, including The Dow Chemical Company, The Sherwin-Williams Company, Wacker Chemie AG, Hempel A/S, AkzoNobel N.V. and 3M
Frequently Asked Questions about the Global Anticorrosion Coatings Market

What is the estimated value of the Global Anticorrosion Coatings Market?

The Global Anticorrosion Coatings Market was estimated to be valued at $28.4 Billion in 2022.

What is the growth rate of the Global Anticorrosion Coatings Market?

The growth rate of the Global Anticorrosion Coatings Market is 3.7%, with an estimated value of $34 Billion by 2027.

What is the forecasted size of the Global Anticorrosion Coatings Market?

The Global Anticorrosion Coatings Market is estimated to be worth $34 Billion by 2027.

Who are the key companies in the Global Anticorrosion Coatings Market?

Key companies in the Global Anticorrosion Coatings Market include 3M, Akzonobel N.V., Basf Se, The Dow Chemical Company, Dupont De Nemours Inc., Hempel A/S, Jotun, Rpm International Inc., The Sherwin and Williams Company.

Table of Contents

Chapter 1 Introduction
  • Market Definition
  • Study Goals and Objectives
  • Reasons for Doing this Study
  • Scope of Report
  • Intended Audience
  • Methodology
  • What's New in this Report?
  • Geographic Breakdown
  • Analyst's Credentials
  • Custom Research
  • Related Research Reports

Chapter 2 Summary and Highlights
Chapter 3 Market Overview
  • Market Potential
  • Market Share
  • Value Chain Analysis
  • Regulatory Framework
  • Acqpa, France
  • Occupational Safety and Health Administration (Osha)
  • American Chemistry Council (Acc)
  • The Canadian Environmental Protection Act, 1999 (Cepa)
  • Society of Chemical Manufacturers and Affiliates (Socma)
  • Toxic Substance Control Act (Tsca)
  • European Chemicals Agency (Echa)
  • Reach Regulation (Ec) No 1272/2008
  • Specific Regulatory Efforts Concerned With Coatings
  • Porter's Five Forces Analysis
  • Bargaining Power of Buyers: High
  • Bargaining Power of Suppliers: High
  • Threat of Substitutes: Moderate
  • Threat of New Entrants: Low
  • Competitive Rivalry: High
  • Industry Growth Drivers
  • Growing Need for Water as a Strategic Resource for Industrial Applications
  • Increasing Adoption of Advanced Technologies Driving Manufacturing
  • Growing Need for Drinking Water and Municipal Wastewater Treatment
  • Annual Maintenance Contracts and Oem Product Retrofit Opportunities
  • Increased R&D by Coating Companies
  • Growth of Food and Beverage Industry
  • Analysis of Market Restraints
  • Increasing Operational Expenditure (Opex) Concerns
  • Increasing Environmental Concerns
  • Increased Demand for Lightweight Vehicles to Reduce the Consumption of Anticorrosion Coatings

Chapter 4 Market Breakdown by Type of Product
  • Epoxy Anticorrosion Coatings
  • Polyurethane Anticorrosion Coatings
  • Acrylic Anticorrosion Coatings
  • Alkyd Anticorrosion Coatings
  • Zinc Anticorrosion Coatings
  • Chlorinated Rubber and Other Anticorrosion Coatings

Chapter 5 Market Breakdown by Technology
  • Solvent-Borne Anticorrosion Coatings
  • Water-Borne Anticorrosion Coatings
  • Powder Coatings and Others

Chapter 6 Market Breakdown by Industry End-user
  • Marine
  • Oil and Gas
  • Industrial Manufacturing
  • Construction
  • Energy
  • Automotive
  • Other Industries

Chapter 7 Market Breakdown by Region
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Chapter 8 Market Breakdown by Country
  • United States
  • United Kingdom
  • Germany
  • India
  • China
  • Brazil

Chapter 9 Industry Structure
Chapter 10 Company Profiles
  • 3M
  • Akzonobel N.V.
  • Basf Se
  • The Dow Chemical Company
  • Dupont De Nemours Inc.
  • Hempel A/S
  • Jotun
  • Rpm International Inc.
  • The Sherwin-Williams Company
  • Wacker Chemie AG

Chapter 11 Appendix: Acronyms
List of Tables
Summary Table: Global Market for Anticorrosion Coatings, by Product Type, Through 2027
Table 1: Drivers of the Market for Anticorrosion Coatings
Table 2: Market Restraints for Anticorrosion Coatings
Table 3: Global Market for Anticorrosion Coatings, by Product Type, Through 2027
Table 4: Global Market for Epoxy Anticorrosion Coatings, by Region, Through 2027
Table 5: Global Market for Polyurethane Anticorrosion Coatings, by Region, Through 2027
Table 6: Global Market for Acrylic Anticorrosion Coatings, by Region, Through 2027
Table 7: Global Market for Alkyd Anticorrosion Coatings, by Region, Through 2027
Table 8: Global Market for Zinc Anticorrosion Coatings, by Region, Through 2027
Table 9: Global Market for Chlorinated Rubber and Other Types of Anticorrosion Coatings, by Region, Through 2027
Table 10: Global Market for Anticorrosion Coatings, by Technology, Through 2027
Table 11: Global Market for Solvent-Borne Anticorrosion Coatings, by Region, Through 2027
Table 12: Global Market for Water-Borne Anticorrosion Coatings, by Region, Through 2027
Table 13: Global Market for Powder Coatings and Other Technology Types, by Region, Through 2027
Table 14: Global Market for Anticorrosion Coatings, by End-user, Through 2027
Table 15: Global Market for Anticorrosion Coatings in the Marine Industry, by Region, Through 2027
Table 16: Global Market for Anticorrosion Coatings in the Oil and Gas Industry, by Region, Through 2027
Table 17: Global Market for Anticorrosion Coatings in the Manufacturing Industry, by Region, Through 2027
Table 18: Global Market for Anticorrosion Coatings in the Construction Industry, by Region, Through 2027
Table 19: Global Market for Anticorrosion Coatings in the Energy Industry, by Region, Through 2027
Table 20: Global Market for Anticorrosion Coatings in the Automotive Industry, by Region, Through 2027
Table 21: Global Market for Anticorrosion Coatings in Other Industries, by Region, Through 2027
Table 22: Global Market for Anticorrosion Coatings, by Region, Through 2027
Table 23: North American Market for Anticorrosion Coatings, by Product Type, Through 2027
Table 24: North American Market for Anticorrosion Coatings, by Technology, Through 2027
Table 25: North American Market for Anticorrosion Coatings, by End-user, Through 2027
Table 26: European Market for Anticorrosion Coatings, by Product Type, Through 2027
Table 27: European Market for Anticorrosion Coatings, by Technology, Through 2024
Table 28: European Market for Anticorrosion Coatings, by End-user, Through 2027
Table 29: APAC Market for Anticorrosion Coatings, by Product Type, Through 2027
Table 30: APAC Market for Anticorrosion Coatings, by Technology, Through 2027
Table 31: APAC Market for Anticorrosion Coatings, by End-user, Through 2027
Table 32: Row Market for Anticorrosion Coatings, by Product Type, Through 2024
Table 33: Row Market for Anticorrosion Coatings, by Technology, Through 2027
Table 34: Row Market for Anticorrosion Coatings, by End-user, Through 2024
Table 35: Global Market for Anticorrosion Coatings, by Key Countries, Through 2027
Table 36: U.S. Market for Anticorrosion Coatings, by Product Type, Through 2027
Table 37: U.S. Market for Anticorrosion Coatings, by Technology, Through 2027
Table 38: U.S. Market for Anticorrosion Coatings, by End-user, Through 2027
Table 39: U.K. Market for Anticorrosion Coatings, by Product Type, Through 2027
Table 40: U.K. Market for Anticorrosion Coatings, by Technology, Through 2027
Table 41: U.K. Market for Anticorrosion Coatings, by End-user, Through 2027
Table 42: German Market for Anticorrosion Coatings, by Product Type, Through 2027
Table 43: German Market for Anticorrosion Coatings, by Technology, Through 2024
Table 44: German Market for Anticorrosion Coatings, by End-user, Through 2027
Table 45: Indian Market for Anticorrosion Coatings, by Product Type, Through 2027
Table 46: Indian Market for Anticorrosion Coatings, by Technology, Through 2027
Table 47: Indian Market for Anticorrosion Coatings, by End-user, Through 2027
Table 48: Chinese Market for Anticorrosion Coatings, by Product Type, Through 2027
Table 49: Chinese Market for Anticorrosion Coatings, by Technology, Through 2027
Table 50: Chinese Market for Anticorrosion Coatings, by End-user, Through 2027
Table 51: Brazilian Market for Anticorrosion Coatings, by Product Type, Through 2027
Table 52: Brazilian Market for Anticorrosion Coatings, by Technology, Through 2027
Table 53: Brazilian Market for Anticorrosion Coatings, by End-user, Through 2027
Table 54: 3M: Company Overview
Table 55: 3M: Product Portfolio
Table 56: 3M: Recent Developments, 2021
Table 57: Akzonobel N.V.: Company Overview, 2021
Table 58: Akzonobel N.V.: Product Portfolio
Table 59: Akzonobel N.V.: Recent Developments, 2021
Table 60: Basf Se: Company Overview, 2021
Table 61: Basf Se: Product Portfolio
Table 62: Basf Se: Recent Developments, 2021
Table 63: the Dow Chemical Company: Company Overview, 2021
Table 64: the Dow Chemical Company: Product Portfolio
Table 65: the Dow Chemical Company: Recent Developments, 2021
Table 66: Dupont De Nemours Inc.: Company Overview, 2021
Table 67: Dupont: Product Portfolio
Table 68: Hempel A/S: Company Overview, 2021
Table 69: Hempel A/S: Product Portfolio
Table 70: Hempel A/S: Recent Developments, 2021
Table 71: Jotun: Company Overview, 2021
Table 72: Jotun: Product Portfolio
Table 73: Rpm International: Company Overview, 2020
Table 74: Rpm International: Product Portfolio
Table 75: Rpm International: Recent Developments, 2021
Table 76: the Sherwin-Williams Company: Company Overview, 2021
Table 77: the Sherwin-Williams Company: Product Portfolio
Table 78: the Sherwin-Williams Company: Recent Developments, 2021
Table 79: Wacker Chemie Ag: Company Overview, 2021
Table 80: Wacker Chemie Ag: Product Portfolio
Table 81: Wacker Chemie Ag: Recent Developments, 2021
Table 82: Acronyms Used in this Report
List of Figures
Summary Figure: Global Market for Anticorrosion Coatings, by Product Type, 2021-2027
Figure 1: Global Market Shares of Coatings, by Revenue Segment, 2021
Figure 2: Value Chain Analysis of the Market for Anticorrosion Coatings
Figure 3: Global Water Consumption Projection and Trends, 2020-2040
Figure 4: Global Annualized Water Demand, by Applications, 2005-2030
Figure 5: Average R&D Spending of Chemical Companies, by Category, 2019
Figure 6: Global Market for Functional Foods, 2019-2024
Figure 7: Global Production of Lightweight Vehicles, 2019-2024
Figure 8: Global Market Shares of Anticorrosion Coatings, by Product Type, 2021
Figure 9: Global Market Shares of Anticorrosion Coatings, by Technology, 2021
Figure 10: Global Market Shares of Anticorrosion Coatings, by Industry End-user, 2021
Figure 11: Global Ev Sales, 2020-2030
Figure 12: Global Market Shares of Anticorrosion Coatings, by Region, 2021
Figure 13: North American Market Shares of Anticorrosion Coatings, by Country, 2021
Figure 14: European Market Shares of Anticorrosion Coatings, by Country, 2021
Figure 15: APAC Market Shares of Anticorrosion Coatings, by Country, 2021
Figure 16: 3M: Company Revenue, 2020 and 2021
Figure 17: 3M: R&D Expenditures, 2020 and 2021
Figure 18: 3M: Revenue Share, by Segment, 2021
Figure 19: 3M: Revenue Share, by Region, 2021
Figure 20: Akzonobel N.V.: Company Revenue, 2020 and 2021
Figure 21: Akzonobel N.V.: Revenue Share, by Segment, 2021
Figure 22: Akzonobel N.V.: Revenue Share, by Region, 2021
Figure 23: Basf Se: Company Revenue, 2020 and 2021
Figure 24: Basf Se: R&D Expenditure, 2020 and 2021
Figure 25: Basf Se: Revenue Share, by Segment, 2021
Figure 26: Basf Se: Revenue Share, by Region, 2021
Figure 27: the Dow Chemical Company: Company Revenue, 2020 and 2021
Figure 28: the Dow Chemical Company: R&D Expenditures, 2020 and 2021
Figure 29: the Dow Chemical Company: Revenue Share, by Segment, 2021
Figure 30: the Dow Chemical Company: Revenue Share, by Region, 2021
Figure 31: Dupont De Nemours Inc.: Company Revenue, 2020 and 2021
Figure 32: Dupont De Nemours Inc.: R&D Expenditures, 2020 and 2021
Figure 33: Dupont De Nemours Inc.: Revenue Share, by Segment, 2021
Figure 34: Dupont De Nemours Inc.: Revenue Share, by Region, 2021
Figure 35: Hempel A/S: Company Revenue, 2020 and 2021
Figure 36: Hempel A/S: R&D Expenditures, 2020 and 2021
Figure 37: Hempel A/S: Revenue Share, by Segment, 2021
Figure 38: Hempel A/S: Revenue Share, by Region, 2021
Figure 39: Jotun: Company Revenue, 2020 and 2021
Figure 40: Jotun: R&D Expenditures, 2020 and 2021
Figure 41: Jotun: Revenue Share, by Segment, 2021
Figure 42: Jotun: Revenue Share, by Region, 2021
Figure 43: Rpm International: Company Revenue, 2019 and 2020
Figure 44: Rpm International: R&D Expenditures, 2019 and 2020
Figure 45: Rpm International: Revenue Share, by Segment, 2020
Figure 46: Rpm International: Revenue Share, by Region, 2020
Figure 47: the Sherwin-Williams Company: Company Revenue, 2020 and 2021
Figure 48: the Sherwin-Williams Company: Revenue Share, by Segment, 2021
Figure 49: Wacker Chemie Ag: Company Revenue, 2020 and 2021
Figure 50: Wacker Chemie Ag: R&D Expenditures, 2020 and 2021
Figure 51: Wacker Chemie Ag: Revenue Share, by Segment, 2021
Figure 52: Wacker Chemie Ag: Revenue Share, by Region, 2021

Executive Summary

The global market for anti-corrosion coatings is driven by its increasing penetration beyond conventional applications across industries such as construction, automotive, transportation, consumer durables and industrial machineries.

The majority of these end-user applications are in turn driven by consumers who contribute to each of these growth engines of the economy. Macroeconomic factors such as consumer confidence, purchase power, investment climate, manufacturing base expansion and trade relations are among the specific parameters that decide the growth of the market.

Demand for water-based coatings is expected to rise over the forecast period due to increasing awareness about the ill effects of solvent-based coatings and various regulations regarding volatile organic compounds (VOCs) and air pollutants that are harmful to the environment. The guidelines provided by regulatory bodies applicable to coatings manufacturers are stringent due to the carcinogenic and flammable properties of solvents. Therefore, powder- and water-based coatings are expected to gain in popularity over the forecast period due to their VOC-free properties.

Asia is expected to remain the prominent consumer of coatings and is expected to observe the fastest growth in the coming years due to the strength of its manufacturing base. In addition, the increasing competitiveness of regional end-user demand fueled by government initiatives to secure the local economy is expected to drive countries’ specific industrial output over the forecast period.

The architectural application segment is expected to grow due to increasing construction and infrastructure activities in the Asia-Pacific and Middle East regions. An increasing application scope in the architectural industry such as for interior and exterior walls, doors, trims and facades is expected to further drive the market. Strict government regulations restricting VOC emissions and solvent content are expected to boost the demand for water-borne anticorrosion coatings in the architectural industry. Increasing demand for maintenance works and special primers for concrete and metal structures are expected to drive demand for high-performance coatings.

Increasing middle-class income levels coupled with rising living standards in the emerging economies of Asia-Pacific and Central and South America are projected to fuel automotive sales. The low cost of production of water-borne coatings, coupled with the longer shelf life of powder coatings, is expected to drive the demand. Automotive refinishes are also expected to exhibit significant growth over the forecast period. Government regulations on the VOC content for automotive refinish coatings in Europe and North America are widely accepted as the manufacturers are specifying them for repair work on all vehicles sold

Metal packaging or metal coil coat is one of the application segments in the “others” category expected to witness considerable growth over the forecast period. Increasing demand for beverage cans and food cans in the food and beverage industry is expected to drive the market for water-borne anticorrosion coatings. Rising content specifications in the food and beverage industry are further expected to boost the demand over the forecast period.

Companies Mentioned

  • 3M
  • Akzonobel N.V.
  • Basf Se
  • The Dow Chemical Company
  • Dupont De Nemours Inc.
  • Hempel A/S
  • Jotun
  • Rpm International Inc.
  • The Sherwin-Williams Company
  • Wacker Chemie AG