PUBLISHER: BCC Research | PRODUCT CODE: 1071523
PUBLISHER: BCC Research | PRODUCT CODE: 1071523
The global market for anticorrosion coatings should grow from $28.4 billion in 2022 to $34.0 billion by 2027 with compound annual growth rate (CAGR) of 3.7% for the period of 2022-2027.
The global market for epoxy anticorrosion coatings should grow from $12.9 billion in 2022 to $15.6 billion by 2027 with compound annual growth rate (CAGR) of 3.9% for the period of 2022-2027.
The global market for acrylic anticorrosion coatings should grow from $5.7 billion in 2022 to $7.1 billion by 2027 with compound annual growth rate (CAGR) of 4.4% for the period of 2022-2027.
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 anticorrosion 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.