Summary
Global Anti-Corrosion Coatings Market, By Type (Epoxy, Polyurethane, Acrylic, Alkyd, Zinc, Chlorinated Rubber, Others), By Technology (Solvent-Borne, Waterborne, Powder, Others (High-Energy Cure Coatings and Nanocoatings)), By End-User Industry (Marine, Oil & Gas, Industrial, Construction, Energy, Automotive, Others) and opportunities and forecast 2020-2027
Covid-19 Impact on Anti-Corrosion Coatings Market: The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world.
Anti-Corrosion Coatings Market Overview Anti-corrosion coatings are used to protect metal and concrete structures, tanks, pipes, and processing equipment from deterioration. Mostly, these coatings are used in oil refineries, chemical plants, pulp and paper mills, and others.
A few of the marine industry components such as container ships, offshore, cargos and onshore vessels, surface warships, and submarines that require protective coatings for their overall durability. Therefore, growth in the marine industry is facilitating market development. Growth in maintenance and repair activities in the global oil & gas industry, especially for oil drilling equipment, offshore installation machinery, process vessels, and transmission pipelines, is expected to propel the market growth in coming years.
In the Asia Pacific region, increasing construction associated with oil & gas industry expansion is likely to enlarge the global anti-corrosion market during the forecast period. The major reasons contributing to growth in market development are the increasing demand for steel in the construction & automotive industry, increase in offshore growth, growing marine industry as well as development in infrastructure across the different regions.
On the other hand, fluctuation of prices of raw materials and strict rules and regulations of government may be restraint the growth of the global anti-corrosion coatings market. However, research and development activities to produce bio-based anti-corrosion coatings will be open new opportunities for the market over the forecast period.
Anti-Corrosion Coatings Market Segment Overview Increasing demand for acrylic coatings is expected to fuel the market. These coatings offer higher structural and mechanical characteristics as compare to anti-corrosion coatings such as alkyd and vinyl coatings. Acrylic coatings are chemically inert and have a high color retention rate. Currently, epoxy coatings are extensively used as anti-corrosion coatings globally. Epoxy coatings protect substrates from deterioration and It has excellent adhesion and flexibility. Hence, they are highly in demand in various end-user industries.
The remarkable growth in transport infrastructure in the Asia Pacific is expected to drive the market during the forecast period. A huge amount of metal and steel in the construction of bridges, roadways, waterways, highways, railways, and airports is likely to provide good opportunities to the anti-corrosion coatings market in the forthcoming year.
Anti-Corrosion Coatings Regional Overview North America is expected to provide lucrative opportunities for the Anti-corrosion Coatings market. Owing to development in the power generation sub-sectors such as hydroelectric, wind, solar, nuclear power, thermal, and shale gas. Also, expansions in energy-efficient smart grids and transmission systems are expected to rise the growth of the Anti-Corrosion Coatings Market. The U.S. has a larger opportunity for Anti-corrosion Coating’s market in the near future.
The market of the Asia Pacific is projected to grow at the fastest rate owing to the increasing development of pharmaceutical, health care industries, and the construction industry. Additionally, rapid infrastructure development in major countries of the Asia Pacific such as China, India, Indonesia, Singapore, and Malaysia are expected to boost the demand for anti-corrosion coatings.
Anti-Corrosion Coatings Market Competitor overview · In December 2019, RPM International Inc. announced that its Mantrose-Haeuser Co., Inc. business has acquired Profile Food Ingredients, LLC, a manufacturer of dry stabilizer and emulsifier blends for the food industry.
· In October 2019, AkzoNobel launched a range of high-performance primers for corrosion protection.
· In August 2018, RPM International Inc. announced that its Rust-Oleum group has acquired the Mean Green branded line of specialty cleaning products and the exclusive North American licensing for Roto-Rooter branded drain care products from CR Brands, which is based in Cincinnati, Ohio.
· In March 2018, RPM International Inc. declared that its Rust-Oleum Group had acquired Miracle Sealants Company.
· In October 2017, 3M declared that it has completed the acquisition of Scott Safety, a premier manufacturer of innovative products, such as self-contained breathing apparatus (SCBA) systems, gas and flame detection instruments, and other safety devices.
· In May 2017, AkzoNobel has opened a new Performance Coatings production facility in Chonburi, Thailand. With an investment of €31 million, AkzoNobel expands its footprint with this ninth production site in the South East Asia region.
· In November 2017, Nippon Paint Co., Ltd. was involved in a discussion with Axalta regarding a potential acquisition of Axalta.
Anti-Corrosion Coatings Market, Key Players · Akzo Nobel N.V.
· Ashland
· Axalta Coating Systems, LLC
· BASF SE
· Hempel A/S
· Jotun
· Kansai Paint Co., Ltd.
· PPG Industries, Inc.
· RPM INTERNATIONAL INC.
· The Sherwin-Williams Company
· Nippon Paint Holdings Co., Ltd
· 3M.
Anti-Corrosion Coatings Market Segmentation Anti-Corrosion Coatings Market, By Type
· Epoxy
· Polyurethane
· Acrylic
· Alkyd
· Zinc
· Chlorinated Rubber
· Others
Anti-Corrosion Coatings Market, By Technology
· Solvent-Borne
· Waterborne
· Powder
· Others (High-Energy Cure Coatings and Nanocoatings)
Anti-Corrosion Coatings Market, By End-User Industry
· Marine
· Oil & Gas
· Industrial
· Construction
· Energy
· Automotive
· Others
Anti-Corrosion Coatings market, By Region
North America
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
Table of Contents
1. Introduction 1.1. Research Scope 1.2. Market Segmentation 1.3. Research Methodology 1.4. Definitions and Assumptions 2. Executive Summary 3. Market Dynamics 3.1. Market Drivers 3.2. Market Restraints 3.3. Market Opportunities 4. Key Insights 4.1. Key Emerging Trends – For Major Countries 4.2. Latest Technological Advancement 4.3. Regulatory Landscape 4.4. Industry SWOT Analysis 4.5. Porters Five Forces Analysis 5. Global Anti-Corrosion Coatings Market Analysis (USD Billion), Insights and Forecast, 2020-2027 5.1. Key Findings / Summary 5.2. Market Analysis, Insights and Forecast – By Type5.2.1. Epoxy 5.2.2. Polyurethane 5.2.3. Acrylic 5.2.4. Alkyd 5.2.5. Zinc 5.2.6. Chlorinated Rubber 5.2.7. Others 5.3. Market Analysis, Insights and Forecast – By Technology5.3.1. Solvent-Borne 5.3.2. Waterborne 5.3.3. Powder 5.3.4. Others (High-Energy Cure Coatings and Nanocoatings) 5.4. Market Analysis, Insights and Forecast – By End-User Industry5.4.1. Marine 5.4.2. Oil & Gas 5.4.3. Industrial 5.4.4. Construction 5.4.5. Energy 5.4.6. Automotive 5.4.7. Others 5.5. Market Analysis, Insights and Forecast – By Region5.5.1. North America 5.5.2. Latin America 5.5.3. Europe 5.5.4. Asia Pacific 5.5.5. Middle East and Africa 6. North America Anti-Corrosion Coatings Market Analysis (USD Billion), Insights and Forecast, 2020-2027 6.1. Key Findings / Summary 6.2. Market Analysis, Insights and Forecast – By Type6.2.1. Epoxy 6.2.2. Polyurethane 6.2.3. Acrylic 6.2.4. Alkyd 6.2.5. Zinc 6.2.6. Chlorinated Rubber 6.2.7. Others 6.3. Market Analysis, Insights and Forecast – By Technology6.3.1. Solvent-Borne 6.3.2. Waterborne 6.3.3. Powder 6.3.4. Others (High-Energy Cure Coatings and Nanocoatings) 6.4. Market Analysis, Insights and Forecast – By End-User Industry6.4.1. Marine 6.4.2. Oil & Gas 6.4.3. Industrial 6.4.4. Construction 6.4.5. Energy 6.4.6. Automotive 6.4.7. Others 6.5. Market Analysis, Insights and Forecast – By Country 7. Latin America Anti-Corrosion Coatings Market Analysis (USD Billion), Insights and Forecast, 2020-2027 7.1. Key Findings / Summary 7.2. Market Analysis, Insights and Forecast – By Type7.2.1. Epoxy 7.2.2. Polyurethane 7.2.3. Acrylic 7.2.4. Alkyd 7.2.5. Zinc 7.2.6. Chlorinated Rubber 7.2.7. Others 7.3. Market Analysis, Insights and Forecast – By Technology7.3.1. Solvent-Borne 7.3.2. Waterborne 7.3.3. Powder 7.3.4. Others (High-Energy Cure Coatings and Nanocoatings) 7.4. Market Analysis, Insights and Forecast – By End-User Industry7.4.1. Marine 7.4.2. Oil & Gas 7.4.3. Industrial 7.4.4. Construction 7.4.5. Energy 7.4.6. Automotive 7.4.7. Others 7.5. Insights and Forecast – By Country7.5.1. Brazil 7.5.2. Mexico 7.5.3. Rest of Latin America 8. Europe Anti-Corrosion Coatings Market Analysis (USD Billion), Insights and Forecast, 2020-2027 8.1. Key Findings / Summary 8.2. Market Analysis, Insights and Forecast – By Type8.2.1. Epoxy 8.2.2. Polyurethane 8.2.3. Acrylic 8.2.4. Alkyd 8.2.5. Zinc 8.2.6. Chlorinated Rubber 8.2.7. Others 8.3. Market Analysis, Insights and Forecast – By Technology8.3.1. Solvent-Borne 8.3.2. Waterborne 8.3.3. Powder 8.3.4. Others (High-Energy Cure Coatings and Nanocoatings) 8.4. Market Analysis, Insights and Forecast – By End-User Industry8.4.1. Marine 8.4.2. Oil & Gas 8.4.3. Industrial 8.4.4. Construction 8.4.5. Energy 8.4.6. Automotive 8.4.7. Others 8.5. Market Analysis, Insights and Forecast – By Country8.5.1. UK 8.5.2. Germany 8.5.3. France 8.5.4. Italy 8.5.5. Spain 8.5.6. Russia 8.5.7. Rest of Europe 9. Asia Pacific Anti-Corrosion Coatings Market Analysis (USD Billion), Insights and Forecast, 2020-2027 9.1. Key Findings / Summary 9.2. Market Analysis, Insights and Forecast – By Type9.2.1. Epoxy 9.2.2. Polyurethane 9.2.3. Acrylic 9.2.4. Alkyd 9.2.5. Zinc 9.2.6. Chlorinated Rubber 9.2.7. Others 9.3. Market Analysis, Insights and Forecast – By Technology9.3.1. Solvent-Borne 9.3.2. Waterborne 9.3.3. Powder 9.3.4. Others (High-Energy Cure Coatings and Nanocoatings) 9.4. Market Analysis, Insights and Forecast – By End-User Industry9.4.1. Marine 9.4.2. Oil & Gas 9.4.3. Industrial 9.4.4. Construction 9.4.5. Energy 9.4.6. Automotive 9.4.7. Others 9.5. Market Analysis, Insights and Forecast – By Country9.5.1. China 9.5.2. India 9.5.3. Japan 9.5.4. Australia 9.5.5. South East Asia 9.5.6. Rest of Asia Pacific 10. Middle East & Africa Anti-Corrosion Coatings Market Analysis (USD Billion), Insights and Forecast, 2020-2027 10.1. Key Findings / Summary 10.2. Market Analysis, Insights and Forecast – By Type10.2.1. Epoxy 10.2.2. Polyurethane 10.2.3. Acrylic 10.2.4. Alkyd 10.2.5. Zinc 10.2.6. Chlorinated Rubber 10.2.7. Others 10.3. Market Analysis, Insights and Forecast – By Technology10.3.1. Solvent-Borne 10.3.2. Waterborne 10.3.3. Powder 10.3.4. Others (High-Energy Cure Coatings and Nanocoatings) 10.4. Market Analysis, Insights and Forecast – By End-User Industry10.4.1. Marine 10.4.2. Oil & Gas 10.4.3. Industrial 10.4.4. Construction 10.4.5. Energy 10.4.6. Automotive 10.4.7. Others 10.5. Market Analysis, Insights and Forecast – By Country10.5.1. GCC 10.5.2. South Africa 10.5.3. Rest of Middle East & Africa 11. Competitive Analysis 11.1. Company Market Share Analysis, 2018 11.2. Key Industry Developments 11.3. Company Profile 11.4. Akzo Nobel N.V.11.4.1. Business Overview 11.4.2. Segment 1 & Service Offering 11.4.3. Overall Revenue 11.4.4. Geographic Presence 11.4.5. Recent Development *Similar details will be provided for the following companies
11.5. Ashland 11.6. Axalta Coating Systems, LLC 11.7. BASF SE 11.8. Hempel A/S 11.9. Jotun 11.10. Kansai Paint Co., Ltd. 11.11. PPG Industries, Inc. 11.12. RPM INTERNATIONAL INC. 11.13. The Sherwin-Williams Company 11.14. Nippon Paint Holdings Co., Ltd
List of Figures
List of Figures
