Anti-Corrosion Coating Market - Global Analysis and Forecasts - PowerPoint PPT Presentation

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Anti-Corrosion Coating Market - Global Analysis and Forecasts

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Anti-Corrosion Coatings Market is segmented by technology, types, end users and geography. It covers current trend & future market potential from 2014-2022. – PowerPoint PPT presentation

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Title: Anti-Corrosion Coating Market - Global Analysis and Forecasts


1
Anti-Corrosion Coating Market
Opportunities and Forecasts, 2014 - 2022
2
  • 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
3
Anti-Corrosion Coating Market Segmentation
4
  • 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
5
  • 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
6
Anti-Corrosion Coating Market Top Investment
Pockets
7
  • 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
8
  • 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
9
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