Quick Summary:
In an era of rapid industrialisation and infrastructural development, the durability and longevity of materials is paramount, thus propelling forward the significance of the global Anti-Corrosion Coatings market. Valued at US$30 billion in 2022, the market is poised to expand significantly to a projected milestone of US$49.1 billion by 2030. This growth stems from an increased understanding of the cost implications of corrosion, spurring investments in anti-corrosion strategies.
The purpose of this comprehensive report is not only to provide you with a market size evaluation but also present a detailed analysis of key market segments. The sizeable U.S. and Chinese markets have been analysed, along with other significant geographic markets, presenting their growth potential in the 2022-2030 period. Furthermore, the report features a competitive landscape, presenting insights into prominent market players. With a one-year complimentary update, you'll stay abreast of shifts in the dynamic Anti-Corrosion Coatings market.
Global Anti-Corrosion Coatings Market to Reach $49.1 Billion by 2030
The global market for Anti-Corrosion Coatings estimated at US$30 Billion in the year 2022, is projected to reach a revised size of US$49.1 Billion by 2030, growing at a CAGR of 6.3% over the analysis period 2022-2030. Water-based, one of the segments analyzed in the report, is projected to record 7.3% CAGR and reach US$23.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Solvent-based segment is readjusted to a revised 5.6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $8.2 Billion, While China is Forecast to Grow at 10.5% CAGR
The Anti-Corrosion Coatings market in the U.S. is estimated at US$8.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$11.2 Billion by the year 2030 trailing a CAGR of 10.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR.Select Competitors (Total 43 Featured) -
- 3M Co.
- AkzoNobel N.V.
- Ancatt Inc.
- Ashland Inc.
- Axalta Coating Systems LTD.
- BASF SE
- Bluechem Group
- Diamond Vogel
- E.I. Du Pont De Nemours and Company
- Hempel A/S
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Anti-Corrosion Coatings?
What is the growth rate of the Global Market for Anti-Corrosion Coatings?
What is the forecasted size of the Global Market for Anti-Corrosion Coatings?
Who are the key companies in the Global Market for Anti-Corrosion Coatings?
| Report Attribute | Details |
|---|---|
| No. of Pages | 94 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 30 Billion |
| Forecasted Market Value ( USD | $ 49.1 Billion |
| Compound Annual Growth Rate | 6.4% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- 3M Co.
- AkzoNobel N.V.
- Ancatt Inc.
- Ashland Inc.
- Axalta Coating Systems LTD.
- BASF SE
- Bluechem Group
- Diamond Vogel
- E.I. Du Pont De Nemours and Company
- Hempel A/S
