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South Africa Corrosion And Acid Proof Lining Market | Coherent Market Insights

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Title: South Africa Corrosion And Acid Proof Lining Market | Coherent Market Insights


1
Coherent Market Insights
  • Market Research and Business Consulting Services
  • https//www.coherentmarketinsights.com/
  • Covid-19 Impact Tracker

2
SOUTH AFRICA CORROSION PROTECTIVE COATINGS ACID
PROOF LINING MARKET ANALYSIS
  • South Africa Corrosion Protective Coatings and
    Acid Proof Lining Market, By Product Type
    (Polymer Coatings (Epoxy, Polyurethane, Alkyd,
    Acrylic, Fluoropolymer, Vinyl Ester and
    Flake-filled Vinyl Ester), Rubber Lining Systems
    (Epoxy, Polyurethane), Acid Proof Lining (Ceramic
    Carbon Brick Lining, Tile Lining, Thermoplastic
    Lining)), By End-use (Marine (Ballast Tanks,
    Intake pipelining), Transportation (Road Tankers,
    Rail Tankers, ISO Tanks), Chemicals (Phosphoric
    Acid Processing, Sulfuric Acid Processing,
    Hydrochloric Acid Processing, Chlorine
    Processing, Caustic Soda Processing), Water
    Treatment (Desalination, Sewage Treatment,
    Process Waste Water), Mining Metallurgy
    (Phosphate, Aluminum, Copper, Nickel, Gold,
    Steel, Platinum, Uranium), Oil Gas, Power
    Generation, Others) - Size, Share, Outlook, and
    Opportunity Analysis, 2020 - 2027

3
  • South Africa corrosion protective coatings acid
    proof lining market is projected to reach
    around US 72,618.8 million by the end of 2027,
    in terms of revenue, growing at CAGR of
    4.2 during the forecast period (2020-2027).

4
Drivers
  • Growing spending on repair and maintenance of the
    infrastructure especially across public sectors
    is predominantly fueling the growth of the South
    Africa corrosion protective coatings acid proof
    lining market. The growing construction industry
    in the region coupled with the increasing
    population are other major factors expected to
    foster the market growth of the corrosion
    protective coatings acid proof lining.

5
  • The growing focus of manufacturers to develop
    innovative and eco-friendly coating technology is
    expected to accelerate market growth. Implementati
    on of strict VOC regulation is encouraging
    manufacturers to develop eco-friendly coatings
    technology which is projected to have a positive
    impact on the market of the South Africa
    corrosion protective coatings acid proof lining
    market over the forecast timeframe. 

6
Figure 1. South Africa Corrosion Protective
Coatings Acid Proof Lining Market Share () in
terms of Value, By End-use, in 2019
7
Market Restraints
  • The rising price of raw materials that are used
    in the production of coatings products is
    expected to hamper the market growth of
    South Africa corrosion protective coatings acid
    proof lining. Pigments, solvents, binders,
    additives, and white urea are some of the
    major raw materials used on the production of
    coatings.

8
Market Opportunities
  • Rising demand for industrial coatings in the
    country is expected to present potential
    opportunities to the market of South
    Africa corrosion protective coatings acid proof
    lining. Growth in the various manufacturing
    industries such as automotive, marine, etc.
    in the country is propelling demand for the
    product. Hence, growth in the various end-user
    industries is expected to foster the
    market growth of the South Africa corrosion
    protective coatings acid proof lining.
  • Growth in the chemical industry in the country is
    expected to represent lucrative opportunities to
    the market of corrosion protective coatings
    acid proof lining over the foreseeable time
    period. According to the KPMG, the chemicals
    industry is a key sector of the South African
    economy. It accounts for about 25 of the
    nation's manufacturing sales and is the most
    developed of its kind in Africa

9
Figure 2. South Africa Corrosion Protective
Coatings Acid Proof Lining Market Opportunity
Analysis
10
Market Trends
  • Product innovation by major players in the
    country is a major trend and this trend is
    expected to accelerate the market growth of
    corrosion protective coatings acid proof
    lining. For instance, in April 2018, Axalta
    Coating Systems has launched one of its refinish
    brands, Nason Finishes, at a large paint importer
    and distributor in South Africa. Nason Finishes
    are formulated to be fast and easy to apply.

11
  • Rising demand for protective coatings from the
    mining industry is expected to augment the market
    growth of the South Africa corrosion protective
    coatings acid proof lining. Mining is
    considered as the backbone of the South African
    economy for more than 150 years. For instance,
    Thermaspray, South Africas coating and surface
    engineering specialist provides a quality range
    of thermal spray coating solutions for the
    protection of critical components in mining
    machinery and equipment.

12
South Africa Corrosion Protective Coatings
Acid Proof Lining Market - Impact of Coronavirus
(Covid-19) Pandemic
  • The Covid-19 is expected to hamper two main
    sources of income for South Africa mining and
    tourism. The disruption of Chinese economy is
    expected to reduce demand for South Africa raw
    materials including iron, chromium, and manganese
    ores from China. Moreover, according to
    International Monetary Fund, in South Africa GDP
    growth is expected to fall from 0.2 in 2019 to
    -5.8 in 2020. The reduced GDP growth and
    slowdown in mining sector is expected to hamper
    growth of corrosion protective coatings acid
    proof lining market in 2020. However, according
    to International Monetary Fund, South Africas
    GDP growth is expected to be 4.0 in 2021, which
    is expected to drive the mining sector in the
    country.

13
Competitive Section
  • Company Names 
  • BASF SE
  • Akzo Nobel N.V.
  • Jotun A/S
  • E. I. du Pont de Nemours and Company
  • Steuler KCH GmbH
  • The Weir Group PLC.
  • SGS South Africa (Pty) Ltd.
  • Corrocoat SA (Pty) Ltd
  • Ferro South Africa (Pty) Ltd
  • Flowcrete SA (PTY) Ltd
  • REMA TIP TOP South Africa
  • Dunlop Industrial Products Pty Ltd

14
Few Recent Developments
  • Ashland Inc.
  • In November 2019, Ashland launched two new foam
    control agents for the water-based industrial
    coatings market. Drewplus L- 3500 and L-3510 foam
    control agents are the new standard in
    controlling macro and microfoam in high shear
    spray applied coatings, providing an excellent
    balance between activity and compatibility.

15
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  • https//www.coherentmarketinsights.com/market-insi
    ght/south-africa-corrosion-protective-coatings-and
    -acid-proof-lining-market-3908

16
About Us
  • Coherent Market Insights is a global market
    intelligence and consulting organization focused
    assisting our plethora of clients achieve
    transformational growth by helping them make
    critical business decisions.
  • What we provide
  • Customized Market Research Services
  • Industry Analysis Services
  • Business Consulting Services
  • Market Intelligence Services
  • Long term Engagement Model
  • Country Specific Analysis

17
Contact Us
  • Mr. Shah
  • Coherent Market Insights Pvt.Ltd.
  • Address 1001 4th Ave, 3200 Seattle, WA 98154,
    U.S.
  • Phone 1-206-701-6702
  • Email sales_at_coherentmarketinsights.com

18
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