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    Anti Corrosion Coatings Market Report

    Anti Corrosion Coatings Market Report
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    Anti-corrosion Coatings Market Size, Share, Trend, Forecast, & Industry Analysis &ndas See more...

    Impact of COVID-19 on Anti Corrosion Coatings Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Anti Corrosion Coatings Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    Anti-corrosion Coatings Market is likely to witness a CAGR of 4.3% during the forecast period. Major factors such as growing anti-corrosion coatings’ demand in tag and label applications, growing per capita consumption of metal due to strong economic push and rising per capita income are likely to drive the market for anti-corrosion coatings during the forecast period. Furthermore, the role of anti-corrosion coatings in providing protection to equipment used in the energy industry from extreme weather conditions is expected to fuel the growth of the market.

    Anti-corrosion Coatings Market – Snapshot

    Growth

    4.3% for the next five years

    Major Product Type

    Epoxy                      

    Major Mode of Application Type

    Water-based

    Largest End-use Type

    Infrastructure

    Region with the highest demand

    Asia-Pacific

    Key Players

    AICA Kogyo Co., Ltd., Akzo Nobel N.V., Ashland Global Specialty Chemicals Inc., BASF SE, Chugoku Marine Paints, Hempel A/S, Jotun, Kansai Paint Co., Ltd., PPG Industries, Inc., The Valspar Corporation

    Segment Analysis

    Anti-Corrosion-Coatings-Market-Dominant-Segments

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    Anti-corrosion Coatings Market Share: By Product Type

    Based on the product type, the market is segmented as epoxy, polyurethane, acrylic, alkyd, zinc, and chlorinated rubber. Epoxy expected to witness significant growth rate in the market during the forecast period owing to its exceptional chemical resistance in diverse environments. Epoxy coatings hold excellent protection when bared to harsh environments and therefore, are extensively used in marine industry. On the other hand, polyurethane anti-corrosion coatings with their brilliant properties, such as fast cure time and resilience are further expected to drive the anti-corrosion coatings market across numerous end-user industries during the forecast period. 

    Anti-corrosion Coatings Market Share: By Mode of Application Type

    Based on the mode of application type, the market is segmented as solvent-based, water-based, and powder. Water-based mode of application is anticipated to register high growth rate in the market owing to the existence of several environmental regulations on the use of solvent-based coatings, promoting the use of water-based coatings. Furthermore, with increased stress on environmental-friendly coatings, many industry partakers are working towards the development of efficient and durable water-based anti-corrosion coatings, that in turn, is boosting the product demand in the market during the forecast period.

    Anti-corrosion Coatings Market Share: By End-Use Type

    Based on the end-use type, the market is segmented as oil & gas, shipbuilding, infrastructure, industrial markets, energy, and transport. The infrastructure end-use segment is estimated to account for the major share of the market during the forecast period on account of factors such as growing population and rapid investments in the construction sector across the world. In addition, the budding need to prevent corrosion of metal structures in the infrastructure industry is further expected to drive the market growth during the forecast period.

    Anti-corrosion Coatings Market Share: By Region

    In terms of regions, Asia-Pacific is estimated to be the leading region in the market owing to production and consumption in China. Some of the huge multinational giants and manufacturing ships have production bases in China, making it a major exporter to the rest of the world. The vast demand for anti-corrosion coatings in Asia-Pacific, predominantly from the shipping, energy, and infrastructural industries is further expected to fuel the market growth over the forecast period. Europe and North America are also expected to offer substantial growth opportunities during the forecast period.

    Anti-Corrosion-Coatings-Market-By-Region

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    Market Scope & Segmentation

    Anti-corrosion coatings are an exclusive class of materials, characterized by excellent impact resistance, along with corrosion, and abrasion resistance. They are used in various industries to protect metal components from structural failure caused by corrosion.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Anti-corrosion Coatings Market Research Report - Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The anti-corrosion coatings market is segmented into the following categories.

    Anti-corrosion Coatings Market Size, Share, & Forecast, by Product Type:

    • Epoxy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Polyurethane (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Acrylic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Alkyd (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Zinc (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Chlorinated Rubber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Anti-corrosion Coatings Market Size, Share, & Forecast, by Mode of Application Type:

    • Solvent-based (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Water-based (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Powder (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Anti-corrosion Coatings Market Size, Share, & Forecast, by End-Use Type:

    • Oil & Gas (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Shipbuilding (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Infrastructure (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Industrial Markets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Energy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Transport (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Anti-corrosion Coatings Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Anti-Corrosion-Coatings-Market-Segmentation

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    Key Players

    Some of the key players in the anti-corrosion coatings market are-

    • AICA Kogyo Co., Ltd.
    • Akzo Nobel N.V.
    • Ashland Global Specialty Chemicals Inc.
    • BASF SE
    • Chugoku Marine Paints
    • Hempel A/S
    • Jotun
    • Kansai Paint Co., Ltd.
    • PPG Industries, Inc.
    • The Valspar Corporation.

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation by any one of the product types by end-use type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The anti-corrosion coatings market is expected to witness an impressive growth of 4.3% CAGR in the foreseeable future.

    AICA Kogyo Co., Ltd., Akzo Nobel N.V., Ashland Global Specialty Chemicals Inc., BASF SE, Chugoku Marine Paints, Hempel A/S, Jotun, Kansai Paint Co., Ltd., PPG Industries, Inc., The Valspar Corporation are among the key players in the anti-corrosion coatings market.

    Asia-pacific is expected to be the leading region in the anti-corrosion coatings market during the forecast period.

    The infrastructure end-use segment is expected to account for the major share of the anti-corrosion coatings market during the next five years.

    Water-based mode of application is expected to register high growth rate in the anti-corrosion coatings market in the coming years.

    Growing anti-corrosion coatings demand in tag and label applications, growing per capita consumption of metal due to strong economic push and rising per capita income are the factors driving the growth of anti-corrosion coatings market.

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