High Performance Anticorrosion Coating Market: Trends, Opportunities and Competitive Analysis [2023-2028]

High Performance Anticorrosion Coating Market Trends and Forecast

The future of the global high performance anticorrosion coating market looks promising with opportunities in the oil and gas, infrastructure, automotive, power generation, marine, building & construction, and aerospace industries. The global high performance anticorrosion coating market is expected to reach an estimated $11.5 billion by 2028 with a CAGR of 5% from 2023 to 2028. The major drivers for this market are increasing application of these coatings in oil and gas, automotive, infrastructure, power generation, and building & construction as it helps in protection of metal and concrete structure from corrosion and acid rain.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

High Performance Anticorrosion Coating Market by Segment

The study includes a forecast for the global high performance anticorrosion coating market by resin type, coating technology, end use industry, and region, as follows:

High Performance Anticorrosion Coating Market by Resin Type [Value ($B) Shipment Analysis from 2017 to 2028]:

• Epoxy
• Zinc Phosphate
• Vinyl Esters
• Polyurethane
• Alkyd
• Thermoplastic
• Chlorinated Rubber
• Fluoropolymer
• Phenolic
• Polytetrafluoroethylene (PTFE)
• Others

High Performance Anticorrosion Coating Market by Coating Technology [Value ($B) Shipment Analysis from 2017 to 2028]:

• Water-Borne
• Solvent-Borne
• Powder
• UV-Curable

High Performance Anticorrosion Coating Market by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:

• Oil and Gas
• Infrastructure
• Automotive
• Power Generation
• Marine
• Building & Construction
• Aerospace
• Others

High Performance Anticorrosion Coating Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of High Performance Anticorrosion Coating Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies high performance anticorrosion coating companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the high performance anticorrosion coating companies profiled in this report include.

• PPG
• BASF SE
• AkzoNobel NV
• Nippon Paints
• RPM International

High Performance Anticorrosion Coating Market Insights

• Lucintel forecast that epoxy will remain the largest segment over the forecast period due to its widespread application in end use industries, such as marine, mining, architectural, oil and gas industries because of its heat resistance and corrosion characteristics.
• Oil & gas is expected to remain the largest segment due to the increasing usage of protective coating in maintenance and repair tasks in oil and gas industry to improve equipment durability and lifespan in the face of changing climatic and temperature conditions.
• APAC will remain the largest region due to the increasing demand of anticorrosion coatings from automobile, infrastructure, and power generation sectors in this region.

Features of the High Performance Anticorrosion Coating Market

• Market Size Estimates: High performance anticorrosion coating market size estimation in terms of value ($B)
• Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
• Segmentation Analysis: High performance anticorrosion coating market size by various segments, such as by resin type, coating technology, end use industry, and region
• Regional Analysis: High performance anticorrosion coating market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth Opportunities: Analysis on growth opportunities in different by resin type, coating technology, end use industry, and regions for the high performance anticorrosion coating market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape for the high performance anticorrosion coating market.
• Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the high performance anticorrosion coating market size?

Answer: The global high performance anticorrosion coating market is expected to reach an estimated $11.5 billion by 2028.

Q2. What is the growth forecast for high performance anticorrosion coating market?

Answer: The global high performance anticorrosion coating market is expected to grow with a CAGR of 5% from 2023 to 2028.

Q3. What are the major drivers influencing the growth of the high performance anticorrosion coating market?

Answer: The major drivers for this market are increasing application of these coatings in oil and gas, automotive, infrastructure, power generation, and building & construction as it helps in protection of metal and concrete structure from corrosion and acid rain.

Q4. What are the major segments for high performance anticorrosion coating market?

Answer: The future of the high performance anticorrosion coating market looks promising with opportunities in the oil and gas, infrastructure, automotive, power generation, marine, building & construction, and aerospace industries.

Q5. Who are the key high performance anticorrosion coating companies?

Answer: Some of the key high performance anticorrosion coating companies are as follows:

• PPG
• BASF SE
• AkzoNobel NV
• Nippon Paints
• RPM International

Q6. Which high performance anticorrosion coating segment will be the largest in future?

Answer:Lucintel forecast that epoxy will remain the largest segment over the forecast period due to its widespread application in end use industries, such as marine, mining, architectural, oil and gas industries because of its heat resistance and corrosion characteristics.

Q7. In high performance anticorrosion coating market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region due to the increasing demand of anticorrosion coatings from automobile, infrastructure, and power generation sectors in this region.

Q8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

• Q.1. What are some of the most promising, high-growth opportunities for the high performance anticorrosion coating market by resin type (epoxy, zinc phosphate, vinyl esters, polyurethane, alkyd, thermoplastic, chlorinated rubber, fluoropolymer, phenolic, polytetrafluoroethylene (PTFE), and others), coating technology (water-borne, solvent-borne, powder, and UV-curable), end use industry (oil and gas, infrastructure, automotive, power generation, marine, building & construction, aerospace industries, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?