Latest industry research report on Anti-corrosion Coating Market. The anti-corrosion coating market is currently in its advanced state and running successfully due to their large scale applications in various trending industries. The technique has proved its worth since ninety years of its existence in all areas of application from gas turbines to park benches.
The global anti-corrosion market is expected to register substantial growth in the near future, attributed to an increased demand of the product owing to rising losses due to corrosion and large amount of investment in infrastructure. Other factors that drive the anti-corrosion coating market are rapidly growing automotive industries and other steel utilizing industries.
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However, raw materials used in the manufacturing of the product are posing severe threat to environment as well as human health. Hence, this factor has led to stringent government regulations subsequently restraining the market growth. Along with this volatility in raw materials prices is also expected to act as restraint to the market.
Developments of eco-friendly anti-corrosion coatings which are as effective as its synthetic counterparts at competitive prices are likely to offer great opportunity in this highly growing market. Anti-Corrosion or decorative coatings are the specialized type of coverings that act as a barrier to inhibit contact between metal surface and corrosive environment.
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They are known for protecting and extending the life of various type of products in the most hostile environments and in conditions where coatings are essential for long life. Zinc, aluminum and titanium are the major raw materials for the production of anti-corrosion coatings. There are endless applications of the anti-corrosion coatings such as in off-shore oil platforms, ships, fences, underground pipes, buildings & construction, LPG cylinders, water / fuel tanks, pulp & paper mills etc., Recent success in this market is due to huge investment in buildings & infrastructure and increasing industrialization of related companies that make use of the product.
The report segments the anti-corrosion market on the basis of types, technologies, end-users and geography.
- Water borne
- Solvent borne
- Powder coatings
- Epoxy coatings
- Alkyd coatings
- Polyurethane coatings
- Acrylic coatings
By End-User Industry
- Automotive & Transportation
- Building & Construction
- Power generation
- Oil & Gas
- Rest of North America
- Rest of South America
- South Africa
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