South Africa Corrosion Protective Coatings and Acid Proof Lining Market

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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

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Corrosion protective coatings is a coating
material that is used on the surface in order to
make it suitable to withstand harsh environmental
factors. The acid proof lining improves the
mechanical reliability, robustness, thermal
shock, provide resistance against abrasion, and
high impact on the metallic body. Acid proof
lining are categorized into the thermoplastic
lining, tile lining, and ceramic  carbon brick
lining. Moreover, it also provides protection to
the walls, process vessels, and instrument used
in various industrial operations.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).

• 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.
• 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. 

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Figure 1. South Africa Corrosion Protective
Coatings Acid Proof Lining Market Share () in
terms of Value, By End-use, in 2019
On the basis of end-use in 2019, the mining
metallurgy segment has accounted the largest
market share of 37.2 in terms of value, followed
by others and power generation segment
respectively.
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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.

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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

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Figure 2. South Africa Corrosion Protective
Coatings Acid Proof Lining Market Opportunity
Analysis
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 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.
• 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.

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• 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.

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• 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
• 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.

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  oatings-and-acid-proof-lining-market-3908

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