MRO Magazine

Anti-Corrosion Coating Market Worth USD 30.04 Billion by 2021 – Huge Demand From Asia-Pacific Region – Research and Markets


July 5, 2016
By Business Wire News

DUBLIN

Research and Markets has announced the addition of the “Anti-Corrosion Coating Market – Global Forecast to 2021” report to their offering.

The market size of anti-corrosion coating is expected to reach USD 30.04 billion by 2021, registering a CAGR of 5.1% between 2016 and 2021.

The growth is primarily triggered by its huge demand from the Asia-Pacific region and the growing end-use industries such as marine, oil & gas, infrastructure, industrial, power generation, and automotive & transportation. Liberalization of foreign trade & investments and change in industrial policies has led to rapid industrialization in China for the past three decades. This, in turn, is contributing to the increasing demand for anti-corrosion coating in the Asia-Pacific region.

Epoxy anti-corrosion coating led the global anti-corrosion coating market in 2015. Higher demand for epoxy anti-corrosion coating is owing to the compatibility of epoxy with other coating materials. The dominance of epoxy anti-corrosion coating is mainly due to its properties such as good corrosion protection, water resistance, and adhesion to steel. In addition, the increasing demand from the various end-use industries such as marine, oil & gas, infrastructure, and automotive & transportation is fuelling the growth of epoxy anti-corrosion coating.

Asia-Pacific is projected to be the largest and the fastest-growing market of anti-corrosion coating, globally. This is mainly attributed to high economic growth rate, followed by heavy investment in the end-use industries such as automotive, infrastructure, and alternative power generation.

Companies Mentioned:

  • 3M
  • Akzonobel N.V.
  • Ancatt Inc.
  • Ashland Inc.
  • Axalta Coating Systems Ltd.
  • BASF SE
  • Bluechem Group
  • Diamond Vogel Paints
  • E.I. Du Pont De Numours and Company
  • Hempel A/S
  • Heubach GmbH
  • Jotun A/S
  • Kansai Paints Co. Ltd.
  • Koninklijke Dsm N.V.
  • Nippon Paints Co. Ltd.
  • Nycote Laboratories Corporation
  • (10+ Others)

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Anti-Corrosion Coating Market, By Technology

8 Anti-Corrosion Coating Market, By Type

9 Anti-Corrosion Coating Market, By End-Use Industries

10 Anti-Corrosion Coating Market, By Region

11 Competitive Landscape

12 Company Profiles

For more information visit http://www.researchandmarkets.com/research/bcsww9/anticorrosion

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716