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Global Corrosion Protection Coatings Market by Resin Type (Epoxy, PU, Acrylic, Zinc, Chlorinated Rubber), Technology (Water, Solvent, Powder), End-use (Oil & Gas, Marine, Infrastructure, Power Generation, Water Treatment), & Region - Forecast to 2028

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    Report

  • 289 Pages
  • June 2023
  • Region: Global
  • Markets and Markets
  • ID: 5206748
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Increasing Need for Efficient Processes and Longer Life of Equipment

The Corrosion protection coatings market is projected to grow from USD 10.4 Billion in 2023 to USD 12.4 Billion by 2028, at a CAGR of 3.5% between 2023-2028. The challenges related to the Corrosion protection coatings market are increasing competition from local players. Local players are gradually gaining an edge through increased R&D initiatives and focus on limited geographic regions. They identify the needs and demands in the local market and fulfill them with application-specific products.

Acrylic resin is estimated to be the fastest growing segment in the Corrosion Protection Coatings market

Acrylic resins are commonly used in corrosion protection coatings due to their excellent film-forming properties, durability, and resistance to environmental factors. These resins can be formulated into various types of coatings, such as primers, topcoats, and clear sealants, to provide protection for metal surfaces against corrosion. Acrylic resins can be formulated into water-based coatings, which offer advantages such as low VOC (volatile organic compound) emissions, ease of application, and fast drying times. Waterborne acrylic coatings are environmentally friendly and comply with strict regulations regarding air quality and safety.

Oil & Gas end-use industry to gain the maximum market share during the forecast period

Corrosion protection coatings play a crucial role in the oil and gas industry to prevent the degradation of equipment and infrastructure caused by corrosion. The harsh operating conditions, including exposure to moisture, aggressive chemicals, and high temperatures, make corrosion a significant concern. The selection of corrosion protection coatings depends on various factors, including the operating environment, substrate material, required lifespan, and application method. Industry standards and regulations also play a significant role in determining the appropriate coating systems for specific oil and gas applications.

Asia Pacific is estimated to be the largest and fastest-growing segment of the Corrosion protection coatings market

The global market for corrosion protection coatings is expanding at the quickest rate in Asia Pacific. Economic growth, followed by significant investment in a variety of sectors, including petrochemical, oil & gas, infrastructure, power generation, and industrial, are primarily responsible for this. The most potential market is in Asia Pacific, and it is likely to be the case in the foreseeable future. Additionally, to take advantage of the cheap labour and meet local market demand, international businesses are moving their production plants to Asia Pacific.

China, India, Japan, and South Korea are important nations in the Asia Pacific market. based on the IMF (International Monetary Fund). The economies of China and India are among the ones expanding the quickest globally. Additionally end-use industries that are anticipated to have rapid growth in the region are the nuclear power, oil & gas, and automotive industries, subsequently rising demand for Corrosion Protection Coatings.

Extensive primary interviews have been conducted, and information has been gathered from secondary research to determine and verify the market size of several segments and sub-segments.

Breakdown of Primary Interviews:

  • By Company Type: Tier 1 - 46%, Tier 2 - 43%, and Tier 3 - 27%
  • By Designation: D Level - 23%, C Level - 21%, and Others - 56%
  • By Region: North America - 37%, Asia Pacific - 26%, Europe - 23%, Middle East & Africa - 10%, and South America - 4%

The key companies profiled in this report are Akzo Nobel NV (Netherlands), PPG Industries, Inc. (US), Jotun A/S (Norway), The Sherwin-Williams Company (US), and Kansai Paint Co., Ltd. (Japan).

Research Coverage:

Corrosion protection coatings Market by Resin Type (Epoxy, PU, Acrylic, Zinc, Chlorinated Rubber), by Technology (Water-based, Solvent-based, Powder), by End-use (Oil & Gas, Marine, Petrochemical, Infrastructure, Power Generation, Water Treatment), and Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa).

Reasons to Buy the Report

From an insight perspective, this research report focuses on various levels of analyses - industry analysis (industry trends), market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the market; high growth regions; and market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:

  • Analysis of Market Drivers (Increasing losses and damage due to corrosion, Increasing need for efficient processes and longer life of equipment, Innovations in modern structures, Growth in end-use industries), Restraints (Stringent environmental regulations, High prices of raw materials and energy), Opportunities (Demand for high-efficiency high-performance corrosion protection coatings, Emerging countries offer significant growth opportunities), Challenges (Challenges from local players, Rise in use of substitutes)
  • Market Penetration: Comprehensive information on Corrosion protection coatings offered by top players in the market
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the market
  • Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the market for Corrosion protection coatings across regions
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market
  • Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the market.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
Figure 1 Corrosion Protection Coatings Market Segmentation
1.3.2 Regions Covered
Figure 2 Corrosion Protection Coatings Market: Geographic Scope
1.3.3 Inclusions and Exclusions
1.3.4 Years Considered
1.4 Currency Considered
1.5 Unit Considered
1.6 Limitations
1.7 Stakeholders
1.8 Summary of Changes

2 Research Methodology
2.1 Research Data
Figure 3 Corrosion Protection Coatings Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Critical Secondary Inputs
2.1.1.2 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Primary Data Sources
2.1.2.2 Critical Primary Inputs
2.1.2.3 Key Data from Primary Sources
2.1.2.4 Key Industry Insights
2.1.2.5 Breakdown of Primary Interviews
2.2 Market Size Estimation Approach
2.2.1 Top-Down Approach
Figure 4 Corrosion Protection Coatings Market Size Estimation: Top-Down Approach
Figure 5 Corrosion Protection Coatings Market Size Estimation: by Value
Figure 6 Corrosion Protection Coatings Market Size Estimation, by Region
Figure 7 Corrosion Protection Coatings Market, by Resin Type
Figure 8 Corrosion Protection Coatings Market Size Estimation, by Technology
Figure 9 Corrosion Protection Coatings Market Size Estimation, Bottom-Up Approach: by End-Use Industry
Figure 10 Corrosion Protection Coatings Market Size Estimation, by End-Use Industry
2.3 Market Forecast Approach
2.3.1 Supply-Side Forecast
Figure 11 Corrosion Protection Coatings Market: Supply Side Forecast
Figure 12 Methodology for Supply Side Sizing of Corrosion Protection Coatings Market
2.3.2 Demand-Side Forecast
Figure 13 Corrosion Protection Coatings Market: Demand Side Forecast
2.4 Factor Analysis
Figure 14 Factor Analysis of Corrosion Protection Coatings Market
2.5 Data Triangulation
Figure 15 Corrosion Protection Coatings Market: Data Triangulation
2.6 Research Assumptions
2.7 Research Limitations
2.8 Growth Rate Assumptions/Growth Forecast
2.9 Impact of Recession

3 Executive Summary
Table 1 Corrosion Protection Coatings Market Snapshot, 2023 Vs. 2028
Figure 16 Epoxy Segment to Dominate Corrosion Protection Coatings Market Between 2023 and 2028
Figure 17 Solvent-Based Segment to Lead Corrosion Protection Coatings Market Between 2023 and 2028
Figure 18 Oil & Gas to be Largest End-Use Industry of Corrosion Protection Coatings Between 2023 and 2028
Figure 19 Asia-Pacific to be Fastest-Growing Corrosion Protection Coatings Market Between 2023 and 2028

4 Premium Insights
4.1 Significant Opportunities for Players in Corrosion Protection Coatings Market
Figure 20 Corrosion Protection Coatings Market to Witness High Growth in Infrastructure Segment Between 2023 and 2028
4.2 Corrosion Protection Coatings Market, by Resin Type
Figure 21 Epoxy to be Largest Segment Between 2023 and 2028
4.3 Corrosion Protection Coatings Market, by End-Use Industry
Figure 22 Marine End-Use Industry Segment to Lead Corrosion Protection Coatings Market During Forecast Period
4.4 Corrosion Protection Coatings Market, Developed Vs. Emerging Economies
Figure 23 China to Dominate Global Market During Forecast Period
4.5 Corrosion Protection Coatings Market, by Key Country
Figure 24 India to be Fastest-Growing Corrosion Protection Coatings Market Between 2023 and 2028

5 Market Overview
5.1 Introduction
Figure 25 Role of Corrosion Protection Coatings
5.2 Overview of Corrosion Protection Coatings Market
Figure 26 Corrosion Prevention Methods
5.2.1 Types of Corrosion
5.2.1.1 Galvanic Corrosion
5.2.1.2 Stress Corrosion
5.2.1.3 General Corrosion
5.2.1.4 Localized Corrosion
5.2.1.5 Caustic Agent Corrosion
5.3 Factors Considered while Selecting Corrosion Protection Coatings
5.3.1 Type of Surface or Substrate to be Coated
5.3.2 Life Expectancy
Table 2 Criteria for Selection of Corrosion Protection Coatings Based on Life Expectancy
5.3.3 Ease of Access
5.3.4 Compliance with Legislative and Environmental Regulations
5.4 Value Chain Overview
5.4.1 Value Chain Analysis
Figure 27 Value Chain Analysis
Table 3 Supply Chain Ecosystem
5.5 Market Dynamics
Figure 28 Drivers, Restraints, Opportunities, and Challenges in Corrosion Protection Coatings Market
5.5.1 Drivers
5.5.1.1 Increasing Losses and Damage due to Corrosion
5.5.1.2 Increasing Need for Efficient Processes and Longer Life of Equipment
5.5.1.3 Innovation in Modern Structures
5.5.1.4 Growth in End-Use Industries
5.5.2 Restraints
5.5.2.1 Stringent Environmental Regulations
5.5.2.2 High Price of Raw Materials and Energy
Table 4 Resin Prices
5.5.3 Opportunities
5.5.3.1 Demand for High-Efficiency High-Performance Corrosion Protection Coatings
5.5.3.2 Significant Growth Opportunities in Emerging Economies
5.5.4 Challenges
5.5.4.1 Increasing Competition from Local Players
5.5.4.2 Rise in Use of Substitutes
5.6 Porter's Five Forces Analysis
Figure 29 Porter's Five Forces Analysis
Table 5 Porter's Five Forces Analysis
5.6.1 Threat of New Entrants
5.6.2 Threat of Substitutes
5.6.3 Bargaining Power of Suppliers
5.6.4 Bargaining Power of Buyers
5.6.5 Intensity of Competitive Rivalry
5.7 Key Stakeholders & Buying Criteria
5.7.1 Key Stakeholders in Buying Process
Figure 30 Influence of Stakeholders on Buying Process
Table 6 Influence of Stakeholders on Buying Process for Top Industries (%)
5.7.2 Buying Criteria
Figure 31 Key Buying Criteria for Corrosion Protection Coatings
Table 7 Key Buying Criteria for Corrosion Protection Coatings
5.8 Macroeconomic Indicators
5.8.1 Introduction
5.8.2 Gdp Trends and Forecast
Table 8 Gdp Trends and Forecast, Percentage Change
5.8.3 Trends and Forecast of Global Construction Industry
Figure 32 Global Spending in Construction Industry, 2014-2035
5.8.4 Trends in Global Automotive Industry
Figure 33 Trends in Global Automotive Industry
5.9 Technology Overview
Figure 34 Corrosion Protection Coating Technology
5.10 Case Study
5.10.1 Corrosion Protection Coatings Used for Pipeline in Nuclear Power Plant
5.11 Pricing Analysis
5.11.1 Average Selling Price, by Region
Figure 35 Pricing Analysis, by Region, 2022
5.11.2 Average Selling Price, by End-Use Industry
Figure 36 Pricing Analysis, by End-Use Industry, 2022
5.11.3 Average Selling Price, by Type
Figure 37 Pricing Analysis, by Type, 2022
5.11.4 Average Selling Price, by Key Player
Figure 38 Pricing Analysis of Key Players, by End-Use Industry, 2022
5.12 Export and Import (Exim) Trade Statistics
5.12.1 Key Countries
Table 9 Intensity of Trade, by Key Country
5.12.2 Export Trade Data
Table 10 Export Data in USD Thousand (2018-2022)
5.12.3 Import Trade Data
Table 11 Import Data in USD Thousand (2018-2022)
5.13 Global Economic Scenario Affecting Market Growth
5.13.1 Global Impact of Recession
5.13.1.1 North America
5.13.1.2 Europe
5.13.1.3 Asia-Pacific
5.14 Ecosystem Map
Figure 39 Paints & Coatings Ecosystem
5.15 Trends and Disruptions Impacting Customer Business
Figure 40 Trends in End-Use Industries Impacting Strategies of Coatings Manufacturers
5.16 Regulatory Landscape and Standards
Table 12 Cs-1, Cs-3, Cs-4, Ss-1, Ss-2, and Ss-3 Classifications for Corrosion Protection Coatings Market
Table 13 Standards for Corrosion Inspection Practices
5.17 Tariffs & Regulations
5.17.1 Coating Standard
Table 14 Basic Coating System Requirements for Dedicated Seawater Ballast Tanks of All Types of Ships and Double-Side Skin Spaces of Bulk Carriers of 150 M and Upwards:
5.18 Regulatory Bodies, Government Agencies, and Other Organizations
Table15 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table16 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table17 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table18 Rest of the World: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.19 Patent Analysis
5.19.1 Methodology
5.19.2 Publication Trends
Figure 41 Publication Trends, 2018-2023
5.19.3 Insights
5.19.4 Jurisdiction Analysis
Figure 42 Jurisdiction Analysis of Registered Patents, 2018-2023
5.19.5 Top Applicants
Figure 43 Number of Patents, by Company, 2018-2023
5.20 Key Conferences & Events in 2023-2024
Table19 Detailed List of Conferences & Events

6 Corrosion Protection Coatings Market, by Resin Type
6.1 Introduction
Figure 44 Epoxy-Based Corrosion Protection Coatings to Lead Market Between 2023 and 2028
Table20 Corrosion Protection Coatings Market, by Resin Type, 2018-2022 (USD Million)
Table21 Corrosion Protection Coatings Market, by Resin Type, 2023-2028 (USD Million)
Table22 Corrosion Protection Coatings Market, by Resin Type, 2018-2022 (Kiloton)
Table23 Corrosion Protection Coatings Market, by Resin Type, 2023-2028 (Kiloton)
6.2 Epoxy
6.2.1 Superior Protective Characteristics and Modifiable Nature of Epoxy
Table 24 Characteristics of Epoxy Corrosion Protection Coatings
Table 25 Epoxy Corrosion Protection Coatings Market, by Region, 2018-2022 (USD Million)
Table 26 Epoxy Corrosion Protection Coatings Market, by Region, 2023-2028 (USD Million)
Table 27 Epoxy Corrosion Protection Coatings Market, by Region, 2018-2022 (Kiloton)
Table 28 Epoxy Corrosion Protection Coatings Market, by Region, 2023-2028 (Kiloton)
6.3 Polyurethane
6.3.1 Growing Demand for Polyurethane Resins in High-Performance Applications
Table 29 Properties of Polyurethane Corrosion Protection Coatings
Table 30 Polyurethane Corrosion Protection Coatings Market, by Region, 2018-2022 (USD Million)
Table 31 Polyurethane Corrosion Protection Coatings Market, by Region, 2023-2028 (USD Million)
Table 32 Polyurethane Corrosion Protection Coatings Market, by Region, 2018-2022 (Kiloton)
Table 33 Polyurethane Corrosion Protection Coatings Market, by Region, 2023-2028 (Kiloton)
6.4 Acrylic
6.4.1 Superior Weathering and Oxidation Resistance Properties
Table 34 Characteristics of Acrylic Corrosion Protection Coatings
Table 35 Acrylic Corrosion Protection Coatings Market, by Region, 2018-2022 (USD Million)
Table 36 Acrylic Corrosion Protection Coatings Market, by Region, 2023-2028 (USD Million)
Table 37 Acrylic Corrosion Protection Coatings Market, by Region, 2018-2022 (Kiloton)
Table 38 Acrylic Corrosion Protection Coatings Market, by Region, 2023-2028 (Kiloton)
6.5 Alkyd
6.5.1 Lenient Environmental Regulations and Growth of End-Use Industries in Asia-Pacific
Table 39 Characteristics of Alkyd Corrosion Protection Coatings
Table 40 Alkyd Corrosion Protection Coatings Market, by Region, 2018-2022 (USD Million)
Table 41 Alkyd Corrosion Protection Coatings Market, by Region, 2023-2028 (USD Million)
Table 42 Alkyd Corrosion Protection Coatings Market, by Region, 2018-2022 (Kiloton)
Table 43 Alkyd Corrosion Protection Coatings Market, by Region, 2023-2028 (Kiloton)
6.6 Zinc
6.6.1 Stringent Regulations to Limit Use of Zinc-Based Coatings
Table 44 Characteristics of Zinc Corrosion Protection Coatings
Table 45 Zinc Corrosion Protection Coatings Market, by Region, 2018-2022 (USD Million)
Table 46 Zinc Corrosion Protection Coatings Market, by Region, 2023-2028 (USD Million)
Table 47 Zinc Corrosion Protection Coatings Market, by Region, 2018-2022 (Kiloton)
Table 48 Zinc Corrosion Protection Coatings Market, by Region, 2023-2028 (Kiloton)
6.7 Chlorinated Rubber
6.7.1 Slow Growth due to Voc Regulations in North America and Europe
Table 49 Characteristics of Chlorinated Rubber Corrosion Protection Coatings
Table 50 Chlorinated Rubber Corrosion Protection Coatings Market, by Region, 2018-2022 (USD Million)
Table 51 Chlorinated Rubber Corrosion Protection Coatings Market, by Region, 2023-2028 (USD Million)
Table 52 Chlorinated Rubber Corrosion Protection Coatings Market, by Region, 2018-2022 (Kiloton)
Table 53 Chlorinated Rubber Corrosion Protection Coatings Market, by Region, 2023-2028 (Kiloton)
6.8 Other Resin Types
Table54 Other Corrosion Protection Coatings Market, by Region, 2018-2022 (USD Million)
Table55 Other Corrosion Protection Coatings Market, by Region, 2023-2028 (USD Million)
Table56 Other Corrosion Protection Coatings Market, by Region, 2018-2022 (Kiloton)
Table57 Other Corrosion Protection Coatings Market, by Region, 2023-2028 (Kiloton)

7 Corrosion Protection Coatings Market, by Technology
7.1 Introduction
Figure 45 Solvent-Based Corrosion Protection Coatings Segment to Dominate Between 2023 and 2028
Table58 Corrosion Protection Coatings Market, by Technology, 2018-2022 (USD Million)
Table59 Corrosion Protection Coatings Market, by Technology, 2023-2028 (USD Million)
Table60 Corrosion Protection Coatings Market, by Technology, 2018-2022 (Kiloton)
Table61 Corrosion Protection Coatings Market, by Technology, 2023-2028 (Kiloton)
7.2 Solvent-Based Corrosion Protection Coatings
7.2.1 Excellent Properties to Drive Demand
Table 62 Solvent-Based Corrosion Protection Coatings Market, by Region, 2018-2022 (USD Million)
Table 63 Solvent-Based Corrosion Protection Coatings Market, by Region, 2023-2028 (USD Million)
Table 64 Solvent-Based Corrosion Protection Coatings Market, by Region, 2018-2022 (Kiloton)
Table 65 Solvent-Based Corrosion Protection Coatings Market, by Region, 2023-2028 (Kiloton)
7.3 Water-Based Corrosion Protection Coatings
7.3.1 Low Toxicity due to Low-Voc Levels to Increase Demand
Table 66 Water-Based Corrosion Protection Coatings Market, by Region, 2018-2022 (USD Million)
Table 67 Water-Based Corrosion Protection Coatings Market, by Region, 2023-2028 (USD Million)
Table 68 Water-Based Corrosion Protection Coatings Market, by Region, 2018-2022 (Kiloton)
Table 69 Water-Based Corrosion Protection Coatings Market, by Region, 2023-2028 (Kiloton)
7.4 Powder-Based Corrosion Protection Coatings
7.4.1 Superior Performance and Excellent Properties to Drive Demand
Table 70 Powder-Based Corrosion Protection Coatings Market, by Region, 2018-2022 (USD Million)
Table 71 Powder-Based Corrosion Protection Coatings Market, by Region, 2023-2028 (USD Million)
Table 72 Powder-Based Corrosion Protection Coatings Market, by Region, 2018-2022 (Kiloton)
Table 73 Powder-Based Corrosion Protection Coatings Market, by Region, 2023-2028 (Kiloton)
7.5 Other Technologies
Table74 Other Technologies in Corrosion Protection Coatings Market, by Region, 2018-2022 (USD Million)
Table75 Other Technologies in Corrosion Protection Coatings Market, by Region, 2023-2028 (USD Million)
Table76 Other Technologies in Corrosion Protection Coatings Market, by Region, 2018-2022 (Kiloton)
Table77 Other Technologies in Corrosion Protection Coatings Market, by Region, 2023-2028 (Kiloton)

8 Corrosion Protection Coatings Market, by End-Use Industry
8.1 Introduction
Figure 46 Oil & Gas Industry to Lead Corrosion Protection Coatings Market During Forecast Period
Table78 Corrosion Protection Coatings Market, by End-Use Industry, 2018-2022 (USD Million)
Table79 Corrosion Protection Coatings Market, by End-Use Industry, 2023-2028 (USD Million)
Table80 Corrosion Protection Coatings Market, by End-Use Industry, 2018-2022 (Kiloton)
Table81 Corrosion Protection Coatings Market, by End-Use Industry, 2023-2028 (Kiloton)
8.2 Marine
8.2.1 Demand for Large Volumes of Coatings
Table 82 Corrosion Protection Coatings Market Size in Marine Industry, by Region, 2018-2022 (USD Million)
Table 83 Corrosion Protection Coatings Market Size in Marine Industry, by Region, 2023-2028 (USD Million)
Table 84 Corrosion Protection Coatings Market Size in Marine Industry, by Region, 2018-2022 (Kiloton)
Table 85 Corrosion Protection Coatings Market Size in Marine Industry, by Region, 2023-2028 (Kiloton)
8.3 Oil & Gas
8.3.1 Rapidly Growing Bio-Fuel Industry
Table 86 Corrosion Protection Coatings Market Size in Oil & Gas Industry, by Region, 2018-2022 (USD Million)
Table 87 Corrosion Protection Coatings Market Size in Oil & Gas Industry, by Region, 2023-2028 (USD Million)
Table 88 Corrosion Protection Coatings Market Size in Oil & Gas Industry, by Region, 2018-2022 (Kiloton)
Table 89 Corrosion Protection Coatings Market Size in Oil & Gas Industry, by Region, 2023-2028 (Kiloton)
8.4 Petrochemical
8.4.1 India and China Driving Forces for Market
Table 90 Corrosion Protection Coatings Market Size in Petrochemical Industry, by Region, 2018-2022 (USD Million)
Table 91 Corrosion Protection Coatings Market Size in Petrochemical Industry, by Region, 2023-2028 (USD Million)
Table 92 Corrosion Protection Coatings Market Size in Petrochemical Industry, by Region, 2018-2022 (Kiloton)
Table 93 Corrosion Protection Coatings Market Size in Petrochemical Industry, by Region, 2023-2028 (Kiloton)
8.5 Infrastructure
8.5.1 Asia-Pacific to be Strategic Infrastructure Market
Table 94 Corrosion Protection Coatings Market Size in Infrastructure Industry, by Region, 2018-2022 (USD Million)
Table 95 Corrosion Protection Coatings Market Size in Infrastructure Industry, by Region, 2023-2028 (USD Million)
Table 96 Corrosion Protection Coatings Market Size in Infrastructure Industry, by Region, 2018-2022 (Kiloton)
Table 97 Corrosion Protection Coatings Market Size in Infrastructure Industry, by Region, 2023-2028 (Kiloton)
8.6 Power Generation
8.6.1 Power Generation Among Fastest-Growing Industries in Asia-Pacific
Table 98 Corrosion Protection Coatings Market Size in Power Generation Industry, by Region, 2018-2022 (USD Million)
Table 99 Corrosion Protection Coatings Market Size in Power Generation Industry, by Region, 2023-2028 (USD Million)
Table 100 Corrosion Protection Coatings Market Size in Power Generation Industry, by Region, 2018-2022 (Kiloton)
Table 101 Corrosion Protection Coatings Market Size in Power Generation Industry, by Region, 2023-2028 (Kiloton)
8.7 Water Treatment
8.7.1 Increasing Concerns in Water Disposal and Water Conservation
Table 102 Corrosion Protection Coatings Market Size in Water Treatment Industry, by Region, 2018-2022 (USD Million)
Table 103 Corrosion Protection Coatings Market Size in Water Treatment Industry, by Region, 2023-2028 (USD Million)
Table 104 Corrosion Protection Coatings Market Size in Water Treatment Industry, by Region, 2018-2022 (Kiloton)
Table 105 Corrosion Protection Coatings Market Size in Water Treatment Industry, by Region, 2023-2028 (Kiloton)
8.8 Other End-Use Industries
Table 106 Corrosion Protection Coatings Market Size in Other End-Use Industries, by Region, 2018-2022 (USD Million)
Table107 Corrosion Protection Coatings Market Size in Other End-Use Industries, by Region, 2023-2028 (USD Million)
Table108 Corrosion Protection Coatings Market Size in Other End-Use Industries, by Region, 2018-2022 (Kiloton)
Table109 Corrosion Protection Coatings Market Size in Other End-Use Industries, by Region, 2023-2028 (Kiloton)

9 Corrosion Protection Coatings Market, by Region
9.1 Introduction
9.1.1 Global Recession Overview
Figure 47 Asia-Pacific Countries Emerging as Strategic Locations for Corrosion Protection Coatings Market
Table 110 Corrosion Protection Coatings Market, by Region, 2018-2022 (USD Million)
Table 111 Corrosion Protection Coatings Market, by Region, 2023-2028 (USD Million)
Table 112 Corrosion Protection Coatings Market, by Region, 2018-2022 (Kiloton)
Table 113 Corrosion Protection Coatings Market, by Region, 2023-2028 (Kiloton)
9.2 Asia-Pacific
9.2.1 Impact of Recession on Asia-Pacific
Figure 48 Asia-Pacific: Corrosion Protection Coatings Market Snapshot
Table 114 Asia-Pacific: Corrosion Protection Coatings Market, by Resin Type, 2018-2022 (USD Million)
Table 115 Asia-Pacific: Corrosion Protection Coatings Market, by Resin Type, 2023-2028 (USD Million)
Table 116 Asia-Pacific: Corrosion Protection Coatings Market, by Resin Type, 2018-2022 (Kiloton)
Table 117 Asia-Pacific: Corrosion Protection Coatings Market, by Resin Type, 2023-2028 (Kiloton)
Table 118 Asia-Pacific: Corrosion Protection Coatings Market, by Technology, 2018-2022 (USD Million)
Table 119 Asia-Pacific: Corrosion Protection Coatings Market, by Technology, 2023-2028 (USD Million)
Table 120 Asia-Pacific: Corrosion Protection Coatings Market, by Technology, 2018-2022 (Kiloton)
Table 121 Asia-Pacific: Corrosion Protection Coatings Market, by Technology, 2023-2028 (Kiloton)
Table 122 Asia-Pacific: Corrosion Protection Coatings Market, by End-Use Industry, 2018-2022 (USD Million)
Table 123 Asia-Pacific: Corrosion Protection Coatings Market, by End-Use Industry, 2023-2028 (USD Million)
Table 124 Asia-Pacific: Corrosion Protection Coatings Market, by End-Use Industry, 2018-2022 (Kiloton)
Table 125 Asia-Pacific: Corrosion Protection Coatings Market, by End-Use Industry, 2023-2028 (Kiloton)
Table 126 Asia-Pacific: Corrosion Protection Coatings Market, by Country, 2018-2022 (USD Million)
Table 127 Asia-Pacific: Corrosion Protection Coatings Market, by Country, 2023-2028 (USD Million)
Table 128 Asia-Pacific: Corrosion Protection Coatings Market, by Country, 2018-2022 (Kiloton)
Table 129 Asia-Pacific: Corrosion Protection Coatings Market, by Country, 2023-2028 (Kiloton)
9.2.2 China
9.2.2.1 Strong Manufacturing Industries
Table 130 Upcoming Mega Projects in China
9.2.3 India
9.2.3.1 Government's Focus on Manufacturing Sector
Table 131 Upcoming Mega Projects in India
9.2.4 Japan
9.2.4.1 Presence of Well-Established Industries
Table 132 Upcoming Mega Projects in Japan
9.2.5 South Korea
9.2.5.1 Marine Industry Among Leading Global Industries
9.2.6 Indonesia
9.2.6.1 Increasing Investments to Drive Market
9.2.7 Thailand
9.2.7.1 Manufacturing Industry to Contribute Significantly to Market Growth
9.2.8 Rest of Asia-Pacific
9.3 North America
9.3.1 Impact of Recession on North America
Figure 49 North America: Corrosion Protection Coatings Market Snapshot
Table 133 North America: Corrosion Protection Coatings Market, by Resin Type, 2018-2022 (USD Million)
Table 134 North America: Corrosion Protection Coatings Market, by Resin Type, 2023-2028 (USD Million)
Table 135 North America: Corrosion Protection Coatings Market, by Resin Type, 2018-2022 (Kiloton)
Table 136 North America: Corrosion Protection Coatings Market, by Resin Type, 2023-2028 (Kiloton)
Table 137 North America: Corrosion Protection Coatings Market, by Technology, 2018-2022 (USD Million)
Table 138 North America: Corrosion Protection Coatings Market, by Technology, 2023-2028 (USD Million)
Table 139 North America: Corrosion Protection Coatings Market, by Technology, 2018-2022 (Kiloton)
Table 140 North America: Corrosion Protection Coatings Market, by Technology, 2023-2028 (Kiloton)
Table 141 North America: Corrosion Protection Coatings Market, by End-Use Industry, 2018-2022 (USD Million)
Table 142 North America: Corrosion Protection Coatings Market, by End-Use Industry, 2023-2028 (USD Million)
Table 143 North America: Corrosion Protection Coatings Market, by End-Use Industry, 2018-2022 (Kiloton)
Table 144 North America: Corrosion Protection Coatings Market, by End-Use Industry, 2023-2028 (Kiloton)
Table 145 North America: Corrosion Protection Coatings Market, by Country, 2018-2022 (USD Million)
Table 146 North America: Corrosion Protection Coatings Market, by Country, 2023-2028 (USD Million)
Table 147 North America: Corrosion Protection Coatings Market, by Country, 2018-2022 (Kiloton)
Table 148 North America: Corrosion Protection Coatings Market, by Country, 2023-2028 (Kiloton)
Table 149 Upcoming Mega Projects in North America
9.3.2 US
9.3.2.1 Presence of Major Manufacturers
9.3.3 Canada
9.3.3.1 Environmental Regulations to Play Major Role
9.3.4 Mexico
9.3.4.1 Private Investments, Particularly in Infrastructure, Oil & Gas, and Energy Sectors, to Enhance Economic Growth
9.4 Europe
9.4.1 Impact of Recession on Europe
Figure 50 Europe: Corrosion Protection Coatings Market Snapshot
Table 150 Europe: Corrosion Protection Coatings Market, by Resin Type, 2018-2022 (USD Million)
Table 151 Europe: Corrosion Protection Coatings Market, by Resin Type, 2023-2028 (USD Million)
Table 152 Europe: Corrosion Protection Coatings Market, by Resin Type, 2018-2022 (Kiloton)
Table 153 Europe: Corrosion Protection Coatings Market, by Resin Type, 2023-2028 (Kiloton)
Table 154 Europe: Corrosion Protection Coatings Market, by Technology, 2018-2022 (USD Million)
Table 155 Europe: Corrosion Protection Coatings Market, by Technology, 2023-2028 (USD Million)
Table 156 Europe: Corrosion Protection Coatings Market, by Technology, 2018-2022 (Kiloton)
Table 157 Europe: Corrosion Protection Coatings Market, by Technology, 2023-2028 (Kiloton)
Table 158 Europe: Corrosion Protection Coatings Market, by End-Use Industry, 2018-2022 (USD Million)
Table 159 Europe: Corrosion Protection Coatings Market, by End-Use Industry, 2023-2028 (USD Million)
Table 160 Europe: Corrosion Protection Coatings Market, by End-Use Industry, 2018-2022 (Kiloton)
Table 161 Europe: Corrosion Protection Coatings Market, by End-Use Industry, 2023-2028 (Kiloton)
Table 162 Europe: Corrosion Protection Coatings Market, by Country, 2018-2022 (USD Million)
Table 163 Europe: Corrosion Protection Coatings Market, by Country, 2023-2028 (USD Million)
Table 164 Europe: Corrosion Protection Coatings Market, by Country, 2018-2022 (Kiloton)
Table 165 Europe: Corrosion Protection Coatings Market, by Country, 2023-2028 (Kiloton)
9.4.2 Germany
9.4.2.1 Leading Manufacturer of Machinery and Chemicals
9.4.3 UK
9.4.3.1 Sustainable and Quality Products to Increase Demand
9.4.4 Italy
9.4.4.1 New Project Finance Rules and Investment Policies
9.4.5 France
9.4.5.1 Adoption of Innovative Technologies
9.4.6 Turkey
9.4.6.1 Booming and Highly Attractive Market
9.4.7 Rest of Europe
9.5 Middle East & Africa
9.5.1 Impact of Recession on Middle East & Africa
Figure 51 Saudi Arabia to be Largest Corrosion Protection Coatings Market
Table 166 Middle East & Africa: Corrosion Protection Coatings Market, by Resin Type, 2018-2022 (USD Million)
Table 167 Middle East & Africa: Corrosion Protection Coatings Market, by Resin Type, 2023-2028 (USD Million)
Table 168 Middle East & Africa: Corrosion Protection Coatings Market, by Resin Type, 2018-2022 (Kiloton)
Table 169 Middle East & Africa: Corrosion Protection Coatings Market, by Resin Type, 2023-2028 (Kiloton)
Table 170 Middle East & Africa: Corrosion Protection Coatings Market, by Technology, 2018-2022 (USD Million)
Table 171 Middle East & Africa: Corrosion Protection Coatings Market, by Technology, 2023-2028 (USD Million)
Table 172 Middle East & Africa: Corrosion Protection Coatings Market, by Technology, 2018-2022 (Kiloton)
Table 173 Middle East & Africa: Corrosion Protection Coatings Market, by Technology, 2023-2028 (Kiloton)
Table 174 Middle East & Africa: Corrosion Protection Coatings Market, by End-Use Industry, 2018-2022 (USD Million)
Table 175 Middle East & Africa: Corrosion Protection Coatings Market, by End-Use Industry, 2023-2028 (USD Million)
Table 176 Middle East & Africa: Corrosion Protection Coatings Market, by End-Use Industry, 2018-2022 (Kiloton)
Table 177 Middle East & Africa: Corrosion Protection Coatings Market, by End-Use Industry, 2023-2028 (Kiloton)
Table 178 Middle East & Africa: Corrosion Protection Coatings Market, by Country, 2018-2022 (USD Million)
Table 179 Middle East & Africa: Corrosion Protection Coatings Market, by Country, 2023-2028 (USD Million)
Table 180 Middle East & Africa: Corrosion Protection Coatings Market, by Country, 2018-2022 (Kiloton)
Table 181 Middle East & Africa: Corrosion Protection Coatings Market, by Country, 2023-2028 (Kiloton)
9.5.2 Saudi Arabia
9.5.2.1 Increasing Population and Urbanization
9.5.3 UAE
9.5.3.1 Increasing Focus on Developing Regulatory Mechanisms and R&D Capabilities
9.5.4 South Africa
9.5.4.1 Surge in Demand for Coated Products
9.5.5 Rest of Middle East & Africa
9.6 South America
Figure 52 Brazil to be Largest and Fastest-Growing Market
Table 182 South America: Corrosion Protection Coatings Market, by Resin Type, 2018-2022 (USD Million)
Table 183 South America: Corrosion Protection Coatings Market, by Resin Type, 2023-2028 (USD Million)
Table 184 South America: Corrosion Protection Coatings Market, by Resin Type, 2018-2022 (Kiloton)
Table 185 South America: Corrosion Protection Coatings Market, by Resin Type, 2023-2028 (Kiloton)
Table 186 South America: Corrosion Protection Coatings Market, by Technology, 2018-2022 (USD Million)
Table 187 South America: Corrosion Protection Coatings Market, by Technology, 2023-2028 (USD Million)
Table 188 South America: Corrosion Protection Coatings Market, by Technology, 2018-2022 (Kiloton)
Table 189 South America: Corrosion Protection Coatings Market, by Technology, 2023-2028 (Kiloton)
Table 190 South America: Corrosion Protection Coatings Market, by End-Use Industry, 2018-2022 (USD Million)
Table 191 South America: Corrosion Protection Coatings Market, by End-Use Industry, 2023-2028 (USD Million)
Table 192 South America: Corrosion Protection Coatings Market, by End-Use Industry, 2018-2022 (Kiloton)
Table 193 South America: Corrosion Protection Coatings Market, by End-Use Industry, 2023-2028 (Kiloton)
Table 194 South America: Corrosion Protection Coatings Market, by Country, 2018-2022 (USD Million)
Table 195 South America: Corrosion Protection Coatings Market, by Country, 2023-2028 (USD Million)
Table 196 South America: Corrosion Protection Coatings Market, by Country, 2018-2022 (Kiloton)
Table 197 South America: Corrosion Protection Coatings Market, by Country, 2023-2028 (Kiloton)
9.6.1 Brazil
9.6.1.1 Easy Availability of Raw Materials
9.6.2 Argentina
9.6.2.1 Increased Projects in Infrastructure & Construction Industry
9.6.3 Chile
9.6.3.1 Various Sectors Driving Market Demand
9.6.4 Rest of South America

10 Competitive Landscape
10.1 Overview
Table 198 Overview of Strategies Adopted by Key Players
10.2 Company Evaluation Quadrant Matrix, 2022
10.2.1 Stars
10.2.2 Emerging Leaders
10.2.3 Pervasive
10.2.4 Participants
Figure 53 Company Evaluation Matrix, 2022
10.3 Strength of Product Portfolio
10.4 Small and Medium-Sized Enterprises Evaluation Quadrant Matrix, 2022
10.4.1 Progressive Companies
10.4.2 Responsive Companies
10.4.3 Starting Blocks
10.4.4 Dynamic Companies
Figure 54 Small and Medium-Sized Enterprises’ Evaluation Matrix, 2022
10.5 Market Share Analysis
Figure 55 Market Share, by Key Players (2022)
10.6 Revenue Analysis
Figure 56 Revenue Analysis of Top Players, 2018-2022
10.6.1 Akzonobel Nv
10.6.2 Ppg Industries, Inc.
10.6.3 The Sherwin-Williams Company
10.6.4 Jotun A/S
10.7 Market Ranking Analysis
Table 199 Market Ranking Analysis, 2022
10.8 Competitive Scenario
10.8.1 Market Evaluation Framework
Table 200 Company End-Use Industry Footprint
Table 201 Company Region Footprint
Table 202 Company Overall Footprint
10.8.2 Market Evaluation Matrix
Table 203 Strategic Developments, by Company
Table 204 Most Followed Strategies
Table 205 Growth Strategies Adopted by Key Companies
10.9 Competitive Benchmarking
Table 206 Detailed List of Key Market Players
Table 207 Competitive Benchmarking of Key Startups/Smes
10.10 Strategic Developments
Table 208 Product Launches, 2019-2023
Table 209 Deals, 2019-2023

11 Company Profiles
(Business Overview, Products Offered, Recent Developments, Analyst's View)*
11.1 Key Players
11.1.1 The Sherwin-Williams Company
Table 210 The Sherwin-Williams Company: Company Overview
Figure 57 The Sherwin-Williams Company: Company Snapshot
Table 211 The Sherwin-Williams Company: Product Launches
Table 212 The Sherwin-Williams Company: Deals
11.1.2 Ppg Industries Inc.
Table 213 Ppg Industries Inc.: Company Overview
Figure 58 Ppg Industries Inc.: Company Snapshot
Table 214 Ppg Industries Inc.: Product Launches
Table 215 Ppg Industries Inc.: Deals
Table 216 Ppg Industries Inc.: Others
11.1.3 Akzonobel N.V.
Table 217 Akzonobel N.V.: Company Overview
Figure 59 Akzonobel N.V.: Company Snapshot
Table 218 Akzonobel N.V.: Product Launches
Table 219 Akzonobel N.V.: Deals
Table 220 Akzonobel N.V.: Others
11.1.4 Jotun A/S
Table 221 Jotun A/S: Company Overview
Figure 60 Jotun A/S: Company Snapshot
Table 222 Jotun A/S: Deals
Table 223 Jotun A/S: Others
11.1.5 Kansai Paint Co., Ltd.
Table 224 Kansai Paint Co. Ltd.: Company Overview
Figure 61 Kansai Paint Co., Ltd.: Company Snapshot
Table 225 Kansai Paint Co., Ltd.: Deals
11.1.6 Axalta Coating Systems LLC
Table 226 Axalta Coating Systems LLC: Company Overview
Figure 62 Axalta Coating Systems LLC: Company Snapshot
Table 227 Axalta Coating Systems LLC: Product Launches
Table 228 Axalta Coating Systems LLC: Deals
11.1.7 Hempel A/S
Table 229 Hempel A/S: Company Overview
Figure 63 Hempel A/S: Company Snapshot
Table 230 Hempel A/S: Product Launches
Table 231 Hempel A/S: Deals
Table 232 Hempel A/S: Others
11.1.8 Chugoku Marine Paints Ltd.
Table 233 Chugoku Marine Paints Ltd.: Company Overview
Figure 64 Chugoku Marine Paints Ltd.: Company Snapshot
Table 234 Chugoku Marine Paints Ltd.: Product Launches
11.1.9 Nippon Paint Holdings Co., Ltd.
Table 235 Nippon Paint Holdings Co. Ltd.: Company Overview
Figure 65 Nippon Paint Holdings Co., Ltd.: Company Snapshot
Table 236 Nippon Paint Holdings Co., Ltd.: Product Launches
Table 237 Nippon Paint Holdings Co., Ltd.: Deals
11.1.10 Teknos
Table 238 Teknos: Company Overview
Figure 66 Teknos: Company Snapshot
Table 239 Teknos: Product Launches
11.2 Other Players
11.2.1 Noroo Paint & Coatings
Table 240 Noroo Paint & Coatings: Company Overview
11.2.2 Diamond Vogel
Table 241 Diamond Vogel: Company Overview
11.2.3 Greenkote plc
Table 242 Greenkote plc: Company Overview
Table 243 Greenkote plc: Product Launches
Table 244 Greenkote plc: Deals
11.2.4 Renner Herrmann S.A.
Table 245 Renner Herrmann S.A.: Company Overview
11.2.5 Nycote Laboratories Corporation
Table 246 Nycote Laboratories: Company Overview
Table 247 Nycote Laboratories Corporation: Product Launches
Table 248 Nycote Laboratories Corporation: Deals
11.2.6 O3 Group
Table 249 O3 Group: Company Overview
11.2.7 The Magni Group, Inc.
Table 250 The Magni Group, Inc.: Company Overview
11.2.8 Secoa Metal Finishing
Table 251 Secoa Metal Finishing: Company Overview
11.2.9 Eoncoat, LLC
Table 252 Eoncoat, LLC: Company Overview
11.2.10 Dai Nippon Toryo Co., Ltd.
Table 253 Dai Nippon Toryo Co., Ltd: Company Overview
11.2.11 Advanced Nanotech Lab
Table 254 Advanced Nanotech Lab: Company Overview
11.2.12 Huisins New Material Technology Co.
Table 255 Huisins New Material Technology Co.: Company Overview
11.2.13 Bluchem
Table 256 Bluchem: Company Overview
11.2.14 Sk Formulations India Pvt. Ltd.
Table 257 Sk Formulations India Pvt. Ltd.: Company Overview
11.2.15 Ancatt Inc.
Table 258 Ancatt Inc.: Company Overview
  • *Details on Business Overview, Products Offered, Recent Developments, Analyst's View Might Not be Captured in Case of Unlisted Companies.
12 Appendix
12.1 Discussion Guide
12.2 Knowledgestore: The Subscription Portal
12.3 Customization Options

Executive Summary

Companies Mentioned

  • Advanced Nanotech Lab
  • Akzonobel N.V.
  • Ancatt Inc.
  • Axalta Coating Systems LLC
  • Bluchem
  • Chugoku Marine Paints Ltd.
  • Dai Nippon Toryo Co., Ltd.
  • Diamond Vogel
  • Eoncoat, LLC
  • Greenkote plc
  • Hempel A/S
  • Huisins New Material Technology Co.
  • Jotun A/S
  • Kansai Paint Co., Ltd.
  • Nippon Paint Holdings Co., Ltd.
  • Noroo Paint & Coatings
  • Nycote Laboratories Corporation
  • O3 Group
  • Ppg Industries Inc.
  • Renner Herrmann S.A.
  • Secoa Metal Finishing
  • Sk Formulations India Pvt. Ltd.
  • Teknos
  • The Magni Group, Inc.
  • The Sherwin-Williams Company

Methodology

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Table Information

Report AttributeDetails
No. of Pages289
PublishedJune 2023
Forecast Period2023 - 2028
Estimated Market Value ( USD ) in 2023 $ 10.4 Billion
Forecasted Market Value ( USD ) by 2028 $ 12.4 Billion
Compound Annual Growth Rate3.5%
Regions CoveredGlobal
No. of Companies Mentioned25

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