Market Overview:
The global corrosion protection coating market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for corrosion protection coatings from end-use industries, such as petrochemicals, marine, construction, industrial and automotive. In addition, the growing awareness about the benefits of using corrosion protection coatings is also contributing to the growth of this market. Based on type, the global corrosion protection coating market can be segmented into alkyd coatings, acrylic coatings epoxy coatings and polyurethane coatings. Alkyd coats are projected to lead the global corrosion protection coating market during the forecast period owing to their properties such as high resistance against water and chemicals.
Product Definition:
A corrosion protection coating is a type of paint or other surface treatment that is applied to protect metal from rusting or corroding. It can also be used to protect other materials, such as concrete, from weathering and decay.
Alkyd:
Alkyd is a resin system, which is prepared by treating acrylate or methacrylate with an alkyl halide. The most commonly used alkyl halides are methyl chloride, ethyl bromide and tetraethylene chloride. Alkyd resins are used in the coating industry for producing two component systems that contain epoxy groups.
Acrylic:
Acrylic is a type of polymer and it's main ingredient is derived from carbon compounds, hydrogen, and oxygen. It has properties similar to that of polyurethane (PU) but with lower heat transfer properties. Acrylic resins are used in various end-use industries such as automotive & transportation, construction, electrical & electronics packaging food processing chemicals manufacturing among others.
Application Insights:
The global corrosion protection coating market is segmented on the basis of application into automotive, construction, industrial, marine, oil & gas and other industries. The automotive industry was the largest application segment in 2017 and accounted for over 30% of the total revenue share. Rising demand for lightweight materials coupled with high production volumes in this industry to meet growing consumer needs is expected to drive product demand over the forecast period.
Corrosion protection coatings are used extensively in various applications such as pipelines transportation systems (ITS), offshore platforms & pipes (OPP), chemical storage tanks (STs) and others across all major end-use industries globally owing to their ability to enhance long-term performance while reducing maintenance costs and downtime. These coatings also provide effective solutions against aggressive environments including temperature changes & humidity levels that may affect other protective coatings or bare metal surfaces resulting in extended equipment life & reduced operational costs for businesses operating within these sectors.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing industrialization and rising foreign investments in countries such as China, India, Indonesia, Malaysia and Thailand. In addition, growing construction activities in emerging economies of Asia Pacific are anticipated to fuel demand for corrosion protection coatings in this region.
The presence of major petrochemical companies including BASF SE; Chevron Phillips Chemical Co.; Dow Chemical Co.; ExxonMobil Corp.; LyondellBasell Industries AG; Shell Chemicals Plc; Sinopec Group; Total SA; and Unilever NV has led to increased production of polymers across Asia Pacific which is further expected to drive demand for these products over the forecast period.
Europe was valued at USD X billion in 2017 owing with high automotive production levels coupled with stringent regulations on vehicular pollution imposed by governments across various countries such as Germany, France.
Growth Factors:
- Increasing demand from end-use industries such as oil & gas, automotive, and construction
- Growing awareness about the benefits of corrosion protection coatings among consumers
- Rising investments by manufacturers in R&D to develop innovative corrosion protection coatings products
- Proliferation of nanotechnology-based corrosion protection coatings products
- Stringent government regulations for the use of corrosion protection coatings in various end-use industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Corrosion Protection Coating Market Research Report
By Type
Alkyd, Acrylic, Epoxy, Polyurethane, Zinc
By Application
Petrochemicals, Marine, Construction, Industrial, Automotive, Others
By Companies
PPG, Sherwin-Williams, Ashland, Hempel, International Marine, Jotun, Steuler, Axalta, BASF
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
137
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Corrosion Protection Coating Market Report Segments:
The global Corrosion Protection Coating market is segmented on the basis of:
Types
Alkyd, Acrylic, Epoxy, Polyurethane, Zinc
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Petrochemicals, Marine, Construction, Industrial, Automotive, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- PPG
- Sherwin-Williams
- Ashland
- Hempel
- International Marine
- Jotun
- Steuler
- Axalta
- BASF
Highlights of The Corrosion Protection Coating Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Alkyd
- Acrylic
- Epoxy
- Polyurethane
- Zinc
- By Application:
- Petrochemicals
- Marine
- Construction
- Industrial
- Automotive
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Corrosion Protection Coating Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Corrosion protection coatings are a type of coating that protect metal from corrosion. They can be applied to the surface of a metal object to prevent it from corroding.
Some of the key players operating in the corrosion protection coating market are PPG, Sherwin-Williams, Ashland, Hempel, International Marine, Jotun, Steuler, Axalta, BASF.
The corrosion protection coating market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Corrosion Protection Coating Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Corrosion Protection Coating Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Corrosion Protection Coating Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Corrosion Protection Coating Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Corrosion Protection Coating Market Size & Forecast, 2018-2028
4.5.1 Corrosion Protection Coating Market Size and Y-o-Y Growth
4.5.2 Corrosion Protection Coating Market Absolute $ Opportunity
Chapter 5 Global Corrosion Protection Coating Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Corrosion Protection Coating Market Size Forecast by Type
5.2.1 Alkyd
5.2.2 Acrylic
5.2.3 Epoxy
5.2.4 Polyurethane
5.2.5 Zinc
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Corrosion Protection Coating Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Corrosion Protection Coating Market Size Forecast by Applications
6.2.1 Petrochemicals
6.2.2 Marine
6.2.3 Construction
6.2.4 Industrial
6.2.5 Automotive
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Corrosion Protection Coating Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Corrosion Protection Coating Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Corrosion Protection Coating Analysis and Forecast
9.1 Introduction
9.2 North America Corrosion Protection Coating Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Corrosion Protection Coating Market Size Forecast by Type
9.6.1 Alkyd
9.6.2 Acrylic
9.6.3 Epoxy
9.6.4 Polyurethane
9.6.5 Zinc
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Corrosion Protection Coating Market Size Forecast by Applications
9.10.1 Petrochemicals
9.10.2 Marine
9.10.3 Construction
9.10.4 Industrial
9.10.5 Automotive
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Corrosion Protection Coating Analysis and Forecast
10.1 Introduction
10.2 Europe Corrosion Protection Coating Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Corrosion Protection Coating Market Size Forecast by Type
10.6.1 Alkyd
10.6.2 Acrylic
10.6.3 Epoxy
10.6.4 Polyurethane
10.6.5 Zinc
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Corrosion Protection Coating Market Size Forecast by Applications
10.10.1 Petrochemicals
10.10.2 Marine
10.10.3 Construction
10.10.4 Industrial
10.10.5 Automotive
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Corrosion Protection Coating Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Corrosion Protection Coating Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Corrosion Protection Coating Market Size Forecast by Type
11.6.1 Alkyd
11.6.2 Acrylic
11.6.3 Epoxy
11.6.4 Polyurethane
11.6.5 Zinc
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Corrosion Protection Coating Market Size Forecast by Applications
11.10.1 Petrochemicals
11.10.2 Marine
11.10.3 Construction
11.10.4 Industrial
11.10.5 Automotive
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Corrosion Protection Coating Analysis and Forecast
12.1 Introduction
12.2 Latin America Corrosion Protection Coating Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Corrosion Protection Coating Market Size Forecast by Type
12.6.1 Alkyd
12.6.2 Acrylic
12.6.3 Epoxy
12.6.4 Polyurethane
12.6.5 Zinc
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Corrosion Protection Coating Market Size Forecast by Applications
12.10.1 Petrochemicals
12.10.2 Marine
12.10.3 Construction
12.10.4 Industrial
12.10.5 Automotive
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Corrosion Protection Coating Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Corrosion Protection Coating Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Corrosion Protection Coating Market Size Forecast by Type
13.6.1 Alkyd
13.6.2 Acrylic
13.6.3 Epoxy
13.6.4 Polyurethane
13.6.5 Zinc
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Corrosion Protection Coating Market Size Forecast by Applications
13.10.1 Petrochemicals
13.10.2 Marine
13.10.3 Construction
13.10.4 Industrial
13.10.5 Automotive
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Corrosion Protection Coating Market: Competitive Dashboard
14.2 Global Corrosion Protection Coating Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 PPG
14.3.2 Sherwin-Williams
14.3.3 Ashland
14.3.4 Hempel
14.3.5 International Marine
14.3.6 Jotun
14.3.7 Steuler
14.3.8 Axalta
14.3.9 BASF
