Anti-Corrosion Coating Market - Global Analysis and Forecasts

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Anti-Corrosion Coating Market
Opportunities and Forecasts, 2014 - 2022
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• Global anti-corrosion coating market was valued
  at 14,276 million in 2015, and is expected to
  reach 26,627 million by 2022, growing at a CAGR
  of 9.7 during 2014-2022.
• The epoxy anti-corrosion coating segment held
  approximately more than two-fifths share of the
  total market in 2015.
• Anti-corrosion coatings are used to combat the
  occurrence and progression of corrosion on a
  metal substrate.
• In addition, it offers high mechanical strength,
  high chemical temperature resistance, wear
  tear resistance, high permeability, and superior
  finishing ability to the metal structures.

Anti-Corrosion Coating Market Overview
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Anti-Corrosion Coating Market Segmentation
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• Increased globalization is a key factor that
  affects the anti-corrosion coating industry.
• Rapid economic growth in India and China has led
  to increased construction activities, resulting
  in high consumption of anti-corrosion coatings.
• As majority of the countries in Asia-Pacific are
  still largely rural, the economic growth is set
  to fuel the ongoing urbanization, transforming
  India and China into manufacturing hubs for
  marine, automobile, food beverages,
  pharmaceutical, and chemical industries.
• Moreover, increase in population in these
  countries is expected to boost the demand for
  housing commercial infrastructure, which in
  turn is projected to drive the anti-corrosion
  coatings market growth.

Key Factors Impact Anti-Corrosion Coating Market
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• Solvent-borne anti-corrosion coating segment was
  the largest revenue generator in 2015, as these
  coatings are widely used in several applications.
  
• However, it is expected to witness a downturn due
  to the stringent regulations imposed by
  government bodies such as Environmental
  Protection Agency (EPA) of U.S. and Registration
  Evaluation Authorization and Restriction of
  Chemicals (REACH) of Europe.
• Waterborne and powder anti-corrosion coatings are
  gaining popularity owing as they possess low
  levels of volatile organic compounds (VOCs) and
  hazardous air pollutants (HAPs).
• Asia-Pacific accounted for the largest market
  share in 2015, and is projected to grow at the
  highest CAGR, owing to high economic growth,
  which is expected to boost the ongoing
  urbanization.

Anti-Corrosion Coating Market Analysis
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Anti-Corrosion Coating Market Top Investment
Pockets
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• The marine end-user segment occupied the highest
  share in 2015, and is expected to grow at a CAGR
  of 9.9, in terms of value, during the forecast
  period.
• Asia-Pacific is the leading consumer of
  anti-corrosion coatings, accounting for
  approximately more than one-third share of the
  global market, followed by North America.
• The acrylic anti-corrosion coating type is
  expected to witness the highest CAGR of 10.4.
• Solvent-borne anti-corrosion coating segment
  accounted for more than three-fifths of the
  global anti-corrosion coating market in 2015.
• China is the leading market in the Asia-Pacific
  region, growing at a CAGR 10.4.

Key findings of the Anti-Corrosion Coating Market
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• Increased application of anti-corrosion coatings
  in the marine industry to reduce frictional
  resistance in the propellers and machinery parts
  of ships to improve its efficiency is expected to
  offer major opportunities to the market.
• By Eswara Prasad, Team Lead, Chemicals
  Materials at AMR

Anti-Corrosion Coating Market
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