Market Research Report
Anticorrosion Coatings: Global Markets
|Published by||BCC Research||Product code||963473|
|Published||Content info||146 Pages
Delivery time: 1-2 business days
|Anticorrosion Coatings: Global Markets|
|Published: October 5, 2020||Content info: 146 Pages||
The global anticorrosion coatings market should grow from $26.7 billion in 2019 to $32.5 billion by 2024, at a compound annual growth rate (CAGR) of 4.0% during the forecast period of 2019-2024.
The global epoxy coatings market should grow from $12.1 billion in 2019 to $14.7 billion by 2024, at a CAGR of 4.0% during the forecast period of 2019-2024.
The global acrylic coatings market should grow from $5.3 billion in 2019 to $6.6 billion by 2024, at a CAGR of 4.6% during the forecast period of 2019-2024.
The scope of this report is broad and covers various product types used across anticorrosion coating applications and end-user segments. To research, this report classifies the product types as epoxy, polyurethane, acrylic, alkyd, zinc, chlorinated rubber and others, as an effort to help companies and investors prioritize product opportunities and strategic movements.
End-user industries coverage includes 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, pipe lines, 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 piece 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 volatile organic compounds that are hazardous for human health and the environment. Water-borne coatings are gaining popularity among various end-users owing 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 reported are captured from 2018 to 2024 and given for each product type and end-user with estimated valued derived from the companies' total revenues.
The report also includes a discussion of the major players across each regional anticorrosion coatings market. Further, it explains the major drivers and regional dynamics of the global anticorrosion coatings market and current trends within the industry.
The report concludes with a special focus on the vendor landscape and includes detailed profiles of the major vendors in the global anticorrosion coatings market.