According to the latest report by IMARC Group, titled “Anti-corrosion Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global anti-corrosion coatings market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the global anti-corrosion coatings market to grow at a CAGR of around 5% during 2021-2026. Anti-corrosion coatings are extensively used to protect metal surfaces from degradation caused by moisture, oxidation, and exposure to chemicals. These coatings act as a barrier against substrates and chemicals, hence increasing the lifespan of the metal component. They also offer protection against impact, weathering, abrasion and can withstand high temperatures. As a result, anti-corrosion coatings are widely used across different end-use industries such as construction, oil and gas, automotive, and energy.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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The expanding automotive industry is primarily creating a positive outlook for the market. Furthermore, the growing number of new infrastructural projects worldwide are escalating the sales of steel, which is further driving the demand for anti-corrosion coatings market. Additionally, these coatings are also used on machines and equipment that are not in operation and require maintenance to avoid degradation and rusting. Besides this, anti-corrosion coatings are also utilized in flooring, storage containers, water hydration systems, water coolers, kitchen mats and shelving in the food and beverages (F&B) industry. Numerous other factors, such as the increasing need for thin-walled and durable metallic components in the production of lightweight products, along with the minimized exploration and marine operation activities, are anticipated to further propel the global market for anti-corrosion coatings in the coming years.
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Key Market Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Akzo Nobel N.V.
- Axalta Coating Systems LLC
- BASF SE
- Hempel A/S
- Kansai Paint Co. Ltd.
- PPG Industries Inc.
- RPM International Inc.
- Sika AG
- The Sherwin-Williams Company
Breakup by Technology:
Breakup by Material:
Breakup by Application:
- Oil and Gas
- Building and Construction
- Automotive and Rail
- Aerospace and Defense
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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