Market Overview:
The global corrosion protective coatings and acid proof lining 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 protective coatings and acid proof linings from various end-use industries, such as marine, oil & gas, power generation, construction, automotive, transportation, chemicals and mining & metallurgy. In addition, the growing awareness about the benefits of using corrosion protective coatings and acid proof linings is also contributing to the growth of this market. Based on type, the global corrosion protective coatings and acid proof lining market can be segmented into solvent-borne coating systems; waterborne coating systems; powder-based coating systems; and others (including high solids content paints). Among these segments, waterborne coating systems are expected to witness highest growth during the forecast period owing to their superior properties such as resistance against abrasion and chemical attack.
Product Definition:
A corrosion protective coating is a material that is applied to a metal surface to prevent or reduce corrosion. Acid proof lining is a type of corrosion resistant coating that is applied to interior surfaces of metal vessels and equipment that come into contact with acids. The purpose of acid proof lining is to protect the metal from being corroded by the acid.
Solvent-borne:
Solvent-borne is a coating which is applied to metal surfaces by using paints, varnishes or enamels. The solvent used in the process must be able to dry completely under normal atmospheric conditions within a reasonable time period. Solvent borne coatings are generally used for interior decorative purposes in buildings and other structures as they have high durability and can retain their color even after continuous exposure to sunlight, heat, rain or any other external condition.
Waterborne:
Waterborne is a type of paint that is applied using a spray can or with the brush. It contains water as its major ingredient and hence the name. The advantages of this type of paint are that it has low VOC content, which makes it safer to use in comparison with other conventional paints; they dry faster than oil-based paints; and they have lower odor than solvent-based paints.
Application Insights:
The global market is segmented by application into marine, oil & gas, power generation, construction, automotive and transportation. The transportation sector emerged as the largest application segment in 2017 and accounted for over 30% of the overall revenue share. Corrosion protective coatings are widely used in vehicles to prevent corrosion caused due to contact with water or other corrosive environments.
Increasing investments for the development of oil & gas infrastructure across various regions are expected to drive product demand from 2018 to 2030. In addition, growing concerns regarding potential environmental risks associated with offshore oil exploration activities are likely to propel demand over the forecast period.
Corrosion protective coatings have gained significant popularity among electric utilities owing to rising awareness about electricity grid maintenance issues coupled with increasing focus on improving system reliability through continuous monitoring.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing foreign investments in countries such as China, India, and Japan. For instance, according to a 2017 United Nations Conference on Trade and Development (UNCTAD) publication, Foreign direct investment (FDI) inflows in developing economies were estimated at USD X billion in 2015 and are estimated to reach USD X billion by 2016’s end.
The Asia Pacific was followed by Europe which accounted for 17% of global revenue share in 2016 owing with high manufacturing base of automotive vehicles including passenger cars.
Growth Factors:
- Increasing demand from end-use industries such as oil & gas, chemical, and water treatment
- Growing awareness about the benefits of corrosion protective coatings and acid proof lining among industrialists
- Rising investments in research and development to develop new and innovative corrosion protective coatings and acid proof lining products
- Proliferation of nanotechnology-based corrosion protective coatings and acid proof lining products
- Stringent government regulations for the use of corrosion preventive coatings in various industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Corrosion Protective Coatings and Acid Proof Lining Market Research Report
By Type
Solvent-borne, Waterborne, Powder-based
By Application
Marine, Oil & Gas, Power Generation, Construction, Automotive, Transportation, Chemicals, Mining & metallurgy, Others
By Companies
BASF Coatings GmbH, PPG Industries Inc., The Sherwin Williams Company, Ashland Inc., Axalta Coatings Ltd., Hempel A/S, International Paint Limited, Jotun A/S
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Corrosion Protective Coatings and Acid Proof Lining Market Report Segments:
The global Corrosion Protective Coatings and Acid Proof Lining market is segmented on the basis of:
Types
Solvent-borne, Waterborne, Powder-based
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
Marine, Oil & Gas, Power Generation, Construction, Automotive, Transportation, Chemicals, Mining & metallurgy, 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:
- BASF Coatings GmbH
- PPG Industries Inc.
- The Sherwin Williams Company
- Ashland Inc.
- Axalta Coatings Ltd.
- Hempel A/S
- International Paint Limited
- Jotun A/S
Highlights of The Corrosion Protective Coatings and Acid Proof Lining 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:
- Solvent-borne
- Waterborne
- Powder-based
- By Application:
- Marine
- Oil & Gas
- Power Generation
- Construction
- Automotive
- Transportation
- Chemicals
- Mining & metallurgy
- 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 Protective Coatings and Acid Proof Lining 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.
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- Correctly Positioning New Products
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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 protective coatings and acid proof lining are two types of protection used on metal surfaces to prevent corrosion. Corrosion protective coatings are a type of paint or coating that helps protect the metal from oxidation, which is the process by which metals corrode. Acid proof lining is a type of liner material that prevents acids from damaging the metal surface below it.
Some of the major players in the corrosion protective coatings and acid proof lining market are BASF Coatings GmbH, PPG Industries Inc., The Sherwin Williams Company, Ashland Inc., Axalta Coatings Ltd., Hempel A/S, International Paint Limited, Jotun A/S.
The corrosion protective coatings and acid proof lining 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 Protective Coatings and Acid Proof Lining 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 Protective Coatings and Acid Proof Lining Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Corrosion Protective Coatings and Acid Proof Lining 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 Protective Coatings and Acid Proof Lining 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 Protective Coatings and Acid Proof Lining Market Size & Forecast, 2020-2028
4.5.1 Corrosion Protective Coatings and Acid Proof Lining Market Size and Y-o-Y Growth
4.5.2 Corrosion Protective Coatings and Acid Proof Lining Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Solvent-borne
5.2.2 Waterborne
5.2.3 Powder-based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Marine
6.2.2 Oil & Gas
6.2.3 Power Generation
6.2.4 Construction
6.2.5 Automotive
6.2.6 Transportation
6.2.7 Chemicals
6.2.8 Mining & metallurgy
6.2.9 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Corrosion Protective Coatings and Acid Proof Lining 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 Protective Coatings and Acid Proof Lining 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Solvent-borne
9.6.2 Waterborne
9.6.3 Powder-based
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 Market Size Forecast by Applications
9.10.1 Marine
9.10.2 Oil & Gas
9.10.3 Power Generation
9.10.4 Construction
9.10.5 Automotive
9.10.6 Transportation
9.10.7 Chemicals
9.10.8 Mining & metallurgy
9.10.9 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Solvent-borne
10.6.2 Waterborne
10.6.3 Powder-based
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 Market Size Forecast by Applications
10.10.1 Marine
10.10.2 Oil & Gas
10.10.3 Power Generation
10.10.4 Construction
10.10.5 Automotive
10.10.6 Transportation
10.10.7 Chemicals
10.10.8 Mining & metallurgy
10.10.9 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Solvent-borne
11.6.2 Waterborne
11.6.3 Powder-based
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 Market Size Forecast by Applications
11.10.1 Marine
11.10.2 Oil & Gas
11.10.3 Power Generation
11.10.4 Construction
11.10.5 Automotive
11.10.6 Transportation
11.10.7 Chemicals
11.10.8 Mining & metallurgy
11.10.9 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Solvent-borne
12.6.2 Waterborne
12.6.3 Powder-based
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 Market Size Forecast by Applications
12.10.1 Marine
12.10.2 Oil & Gas
12.10.3 Power Generation
12.10.4 Construction
12.10.5 Automotive
12.10.6 Transportation
12.10.7 Chemicals
12.10.8 Mining & metallurgy
12.10.9 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Solvent-borne
13.6.2 Waterborne
13.6.3 Powder-based
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) Market Size Forecast by Applications
13.10.1 Marine
13.10.2 Oil & Gas
13.10.3 Power Generation
13.10.4 Construction
13.10.5 Automotive
13.10.6 Transportation
13.10.7 Chemicals
13.10.8 Mining & metallurgy
13.10.9 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 Protective Coatings and Acid Proof Lining Market: Competitive Dashboard
14.2 Global Corrosion Protective Coatings and Acid Proof Lining Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF Coatings GmbH
14.3.2 PPG Industries Inc.
14.3.3 The Sherwin Williams Company
14.3.4 Ashland Inc.
14.3.5 Axalta Coatings Ltd.
14.3.6 Hempel A/S
14.3.7 International Paint Limited
14.3.8 Jotun A/S
