The global anti-corrosion coating market was valued at $32.6 billion in 2023, and is projected to reach $54.4 billion by 2033, growing at a CAGR of 5.4% from 2024 to 2033.
Anti-corrosion coatings are protective layers applied to surfaces to prevent the degradation of materials, particularly metals, due to exposure to corrosive elements such as water, air, and chemicals. These coatings create a physical barrier that inhibits the interaction between the substrate and corrosive agents, thus reducing the risk of rust, oxidation, and other forms of deterioration. Anti-corrosion coatings are composed of various substances such as epoxy, polyurethane, or zinc, and are commonly used in industries such as manufacturing, infrastructure, automotive, and maritime to ensure the integrity, strength, and longevity of products and structures exposed to harsh environmental conditions.
Increase in emphasis on sustainability and environment-friendly solutions has significantly driven the demand for anti-corrosion coatings. Companies and industries worldwide are shifting their focus toward sustainable coatings that reduce the environmental impact while delivering high performance. Moreover, the demand for eco-friendly alternatives has surged, prompting manufacturers to develop coatings that are low-VOC, water-based, and derived from renewable resources. This shift reflects a broader trend across industries to align with stricter environmental regulations and to meet the growing consumer preference for sustainable products. All these factors are expected to drive the demand for the anti-corrosion coating market during the forecast period.
However, the growth of the anti-corrosion coating market is significantly hampered by concerns related to volatile organic compound (VOC) emissions and their environmental impact. Traditional anti-corrosion coatings, particularly solvent-based formulations, emit high levels of VOCs during the application, drying, and curing processes. These emissions contribute to air pollution and are known to exacerbate health issues such as respiratory and cardiovascular diseases. Furthermore, VOCs contribute to the formation of ground-level ozone and smog, which pose environmental risks and lead to stricter government regulations in many regions. Regulations aimed at limiting VOC emissions impose additional compliance burdens on manufacturers, requiring reformulation of products or adoption of new, often costly technologies to meet these standards. All these factors hamper the anti-corrosion coating market growth.
Technological advancements improved the application and curing processes of anti-corrosion coatings that makes them more efficient and cost-effective. Innovations such as faster curing times, improved adhesion properties, and compatibility with advanced surface preparation techniques enhance the overall usability of these coatings. This helps reduce downtime and labor costs in industries such as automotive and infrastructure, where speed and performance are crucial. The continuous evolution of coating formulations, from smart coatings that respond to environmental changes to multi-functional solutions that offer a combination of protective features, presents vast opportunities for the anti-corrosion coating market to witness growth and address diverse industry needs. By leveraging these technological advancements, manufacturers offer tailored solutions that meet the unique challenges of various sectors while contributing to longer lasting and more sustainable infrastructure. All these factors are anticipated to offer new growth opportunities for the anti-corrosion coating market during the forecast period.
The anti-corrosion coating market is segmented on the basis of type, technology, end-use industry, and region. On the basis of type, the market is segmented into epoxy, polyurethane, acrylic, alkyd, zinc, chlorinated rubber, and others. On the basis of technology, the market is classified into solvent-borne, waterborne, powder coatings, and others. On the basis of end-use industry, the market is segmented into marine, oil & gas, industrial, construction, energy, automotive, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
On the basis of type, the market is segmented into epoxy, polyurethane, acrylic, alkyd, zinc, chlorinated rubber, and others. The epoxy segment accounted for less than two-fifths of the global anti-corrosion coating market share in 2023 and is expected to maintain its dominance during the forecast period. Environmental considerations play a role in shaping the demand for epoxy coatings. Increase in environmental regulations to limit volatile organic compounds (VOCs) and promote sustainable practices drive the advancements in epoxy formulations, which led to the development of low-VOC and waterborne epoxy coatings. This innovation has helped industries meet regulatory requirements while still benefiting from epoxy’s strong protective properties that makes them more appealing in regions with stringent environmental policies.
On the basis of technology, the market is classified into solvent-borne, waterborne, powder coatings, and others. The solvent-borne segment accounted for more than half of global anti-corrosion coating market share in 2023 and is expected to maintain its dominance during the forecast period. Solvent-borne coatings contain higher levels of resins, binders, and additives that provide enhanced protection against chemicals, abrasion, and mechanical impact. This makes them especially effective in environments where surfaces are exposed to aggressive chemicals or require a highly durable protective barrier. Industries such as petroleum refining, chemical processing, and industrial manufacturing rely heavily on solvent-borne coatings to extend the life span of their equipment and structures, preventing costly corrosion-related failures.
On the basis of end-use industry, the market is segmented into marine, oil & gas, industrial, construction, energy, automotive, and others. The marine segment accounted for less than one-fourth of the global anti-corrosion coating market share in 2023 and is expected to maintain its dominance during the forecast period. Increase in demand for offshore energy infrastructure such as offshore oil rigs, wind farms, and platforms, drives the demand for anti-corrosive coating. These structures operate in highly corrosive marine environments and require advanced anti-corrosion coatings that withstand extreme temperatures, constant moisture, salt exposure, and UV radiation. Ensuring the structural integrity of these assets is vital for energy production and safety, making robust and long-lasting coatings indispensable.
Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for less than half of the global anti-corrosion coating market share in 2023 and is expected to maintain its dominance during the forecast period. The growth of renewable energy projects such as solar and wind power drive the market in Asia-Pacific region. Many of these installations, such as offshore wind turbines and solar farms, require protection from environmental degradation to ensure their performance and longevity. Moreover, Asia-Pacific nations invest heavily in clean energy infrastructure where anti-corrosion coatings play a crucial role in maintaining these installations' operational efficiency and structural integrity. All these factors are anticipated to offer new growth opportunities for the anti-corrosion coating market in Asia-Pacific.
Key players in the anti-corrosion coating market include AkzoNobel N.V., PPG Industries, Inc., Sherwin-Williams Company, BASF SE, Nippon Paint Holdings Co., Ltd., Hempel A/S, Axalta Powder Coating Systems GmbH, Kansai Paint Co., Ltd., Sika AG, and 3M.
Anti-corrosion coatings are protective layers applied to surfaces to prevent the degradation of materials, particularly metals, due to exposure to corrosive elements such as water, air, and chemicals. These coatings create a physical barrier that inhibits the interaction between the substrate and corrosive agents, thus reducing the risk of rust, oxidation, and other forms of deterioration. Anti-corrosion coatings are composed of various substances such as epoxy, polyurethane, or zinc, and are commonly used in industries such as manufacturing, infrastructure, automotive, and maritime to ensure the integrity, strength, and longevity of products and structures exposed to harsh environmental conditions.
Increase in emphasis on sustainability and environment-friendly solutions has significantly driven the demand for anti-corrosion coatings. Companies and industries worldwide are shifting their focus toward sustainable coatings that reduce the environmental impact while delivering high performance. Moreover, the demand for eco-friendly alternatives has surged, prompting manufacturers to develop coatings that are low-VOC, water-based, and derived from renewable resources. This shift reflects a broader trend across industries to align with stricter environmental regulations and to meet the growing consumer preference for sustainable products. All these factors are expected to drive the demand for the anti-corrosion coating market during the forecast period.
However, the growth of the anti-corrosion coating market is significantly hampered by concerns related to volatile organic compound (VOC) emissions and their environmental impact. Traditional anti-corrosion coatings, particularly solvent-based formulations, emit high levels of VOCs during the application, drying, and curing processes. These emissions contribute to air pollution and are known to exacerbate health issues such as respiratory and cardiovascular diseases. Furthermore, VOCs contribute to the formation of ground-level ozone and smog, which pose environmental risks and lead to stricter government regulations in many regions. Regulations aimed at limiting VOC emissions impose additional compliance burdens on manufacturers, requiring reformulation of products or adoption of new, often costly technologies to meet these standards. All these factors hamper the anti-corrosion coating market growth.
Technological advancements improved the application and curing processes of anti-corrosion coatings that makes them more efficient and cost-effective. Innovations such as faster curing times, improved adhesion properties, and compatibility with advanced surface preparation techniques enhance the overall usability of these coatings. This helps reduce downtime and labor costs in industries such as automotive and infrastructure, where speed and performance are crucial. The continuous evolution of coating formulations, from smart coatings that respond to environmental changes to multi-functional solutions that offer a combination of protective features, presents vast opportunities for the anti-corrosion coating market to witness growth and address diverse industry needs. By leveraging these technological advancements, manufacturers offer tailored solutions that meet the unique challenges of various sectors while contributing to longer lasting and more sustainable infrastructure. All these factors are anticipated to offer new growth opportunities for the anti-corrosion coating market during the forecast period.
The anti-corrosion coating market is segmented on the basis of type, technology, end-use industry, and region. On the basis of type, the market is segmented into epoxy, polyurethane, acrylic, alkyd, zinc, chlorinated rubber, and others. On the basis of technology, the market is classified into solvent-borne, waterborne, powder coatings, and others. On the basis of end-use industry, the market is segmented into marine, oil & gas, industrial, construction, energy, automotive, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
On the basis of type, the market is segmented into epoxy, polyurethane, acrylic, alkyd, zinc, chlorinated rubber, and others. The epoxy segment accounted for less than two-fifths of the global anti-corrosion coating market share in 2023 and is expected to maintain its dominance during the forecast period. Environmental considerations play a role in shaping the demand for epoxy coatings. Increase in environmental regulations to limit volatile organic compounds (VOCs) and promote sustainable practices drive the advancements in epoxy formulations, which led to the development of low-VOC and waterborne epoxy coatings. This innovation has helped industries meet regulatory requirements while still benefiting from epoxy’s strong protective properties that makes them more appealing in regions with stringent environmental policies.
On the basis of technology, the market is classified into solvent-borne, waterborne, powder coatings, and others. The solvent-borne segment accounted for more than half of global anti-corrosion coating market share in 2023 and is expected to maintain its dominance during the forecast period. Solvent-borne coatings contain higher levels of resins, binders, and additives that provide enhanced protection against chemicals, abrasion, and mechanical impact. This makes them especially effective in environments where surfaces are exposed to aggressive chemicals or require a highly durable protective barrier. Industries such as petroleum refining, chemical processing, and industrial manufacturing rely heavily on solvent-borne coatings to extend the life span of their equipment and structures, preventing costly corrosion-related failures.
On the basis of end-use industry, the market is segmented into marine, oil & gas, industrial, construction, energy, automotive, and others. The marine segment accounted for less than one-fourth of the global anti-corrosion coating market share in 2023 and is expected to maintain its dominance during the forecast period. Increase in demand for offshore energy infrastructure such as offshore oil rigs, wind farms, and platforms, drives the demand for anti-corrosive coating. These structures operate in highly corrosive marine environments and require advanced anti-corrosion coatings that withstand extreme temperatures, constant moisture, salt exposure, and UV radiation. Ensuring the structural integrity of these assets is vital for energy production and safety, making robust and long-lasting coatings indispensable.
Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for less than half of the global anti-corrosion coating market share in 2023 and is expected to maintain its dominance during the forecast period. The growth of renewable energy projects such as solar and wind power drive the market in Asia-Pacific region. Many of these installations, such as offshore wind turbines and solar farms, require protection from environmental degradation to ensure their performance and longevity. Moreover, Asia-Pacific nations invest heavily in clean energy infrastructure where anti-corrosion coatings play a crucial role in maintaining these installations' operational efficiency and structural integrity. All these factors are anticipated to offer new growth opportunities for the anti-corrosion coating market in Asia-Pacific.
Key players in the anti-corrosion coating market include AkzoNobel N.V., PPG Industries, Inc., Sherwin-Williams Company, BASF SE, Nippon Paint Holdings Co., Ltd., Hempel A/S, Axalta Powder Coating Systems GmbH, Kansai Paint Co., Ltd., Sika AG, and 3M.
Key findings of the study
- On the basis of type, the polyurethane segment is anticipated to grow at the fastest CAGR of 6.0% during the forecast period.
- By technology, the waterborne segment is anticipated to grow at the fastest CAGR during the forecast period.
- On the basis of end-use industry, the construction segment is anticipated to grow at the fastest CAGR of 6.1% during the forecast period.
- Region-wise, Asia-Pacific has the highest share in 2023 in terms of revenue.
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the anti-corrosion coating market analysis from 2023 to 2033 to identify the prevailing anti-corrosion coating market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the anti-corrosion coating market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global anti-corrosion coating market trends, key players, market segments, application areas, and market growth strategies.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
- Free Upcoming Version on the Purchase of Five and Enterprise User License.
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- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
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Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
- Analysis of raw material in a product (by %)
- Product Benchmarking / Product specification and applications
- Supply Chain Analysis & Vendor Margins
- Upcoming/New Entrant by Regions
- Technology Trend Analysis
- Go To Market Strategy
- Market share analysis of players by products/segments
- New Product Development/ Product Matrix of Key Players
- Regulatory Guidelines
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Criss-cross segment analysis- market size and forecast
- Expanded list for Company Profiles
- Historic market data
- Import Export Analysis/Data
- Key player details (including location, contact details, supplier/vendor network etc. in excel format)
- List of customers/consumers/raw material suppliers- value chain analysis
- SWOT Analysis
- Volume Market Size and Forecast
Key Market Segments
By Type
- Zinc
- Chlorinated Rubber
- Others
- Epoxy
- Polyurethane
- Acrylic
- Alkyd
By Technology
- Solvent-Borne
- Waterborne
- Powder Coating
- Others
By End-Use Industry
- Marine
- Oil and Gas
- Industrial
- Construction
- Energy
- Automotive
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA
Key Market Players
- 3M
- AkzoNobel N.V.
- Axalta Powder Coating Systems GmbH
- BASF SE
- Hempel A/S
- Kansai Paint Co.,Ltd.
- Nippon Paint Holdings Co., Ltd.
- PPG Industries, Inc.
- Sherwin-Williams Company
- Sika AG
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: ANTI-CORROSION COATING MARKET, BY TYPE
CHAPTER 5: ANTI-CORROSION COATING MARKET, BY TECHNOLOGY
CHAPTER 6: ANTI-CORROSION COATING MARKET, BY END-USE INDUSTRY
CHAPTER 7: ANTI-CORROSION COATING MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Companies Mentioned
- 3M
- AkzoNobel N.V.
- Axalta Powder Coating Systems GmbH
- BASF SE
- Hempel A/S
- Kansai Paint Co.,Ltd.
- Nippon Paint Holdings Co., Ltd.
- PPG Industries, Inc.
- Sherwin-Williams Company
- Sika AG
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 420 |
| Published | January 2025 |
| Forecast Period | 2023 - 2033 |
| Estimated Market Value ( USD | $ 32.6 billion |
| Forecasted Market Value ( USD | $ 54.4 billion |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
