Market Overview:
The global corrosion protective coatings 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 from end-use industries such as marine, oil & gas, construction, industrial and automotive. In terms of type, the alkyd segment is projected to lead the global corrosion protective coatings market during the forecast period. This can be attributed to its properties such as high resistance against water and other chemicals, and low VOC emissions. In terms of application, the marine segment is projected to lead the global corrosion protective coatings market during the forecast period.
Product Definition:
A corrosion protective coating is a type of paint or sealant that is applied to metal in order to protect it from corrosion. Corrosion protective coatings are important because they prevent metal from rusting and corroding, which can damage the metal and make it less durable.
Alkyd:
Alkyd is a resin system, which is prepared by treating acrylate or butadiene with an alkaline catalyst. The major products of alkyd resins are acrylic acid and urethane acrylates. Alkyd resins have high demand in protective coatings market on account of their excellent properties such as abrasion resistance, hardness, flexibility and toughness along with the ability to withstand several chemical solvents & drying oils.
Acrylic:
Acrylic is a type of polymer and it's group has many different compounds under the name. Some of the most common types are methyl methacrylate, ethyl methacrylate, butyl acrylates, styrene-butadiene rubber (SBR), polymethylol acrylamide (PMA), acrylic acid and others. The most important property associated with acrylics is that they are crosslinkable; i.e.
Application Insights:
The global corrosion protective coatings market is segmented on the basis of application into marine, oil & gas, construction, industrial and automotive. The marine application segment accounted for a major share in 2017 and is projected to witness significant growth over the forecast period. Corrosion protective coatings are used in ships¢â‚¬â„¢ bottoms to prevent metal-to-metal contact with seawater that causes corrosion of steel hulls or pipes.
Increasing demand for passenger and container ships from various industries including maritime transport, offshore oil & gas production and LNG transportation has resulted in an increased requirement for robustness of vessels¢â‚¬â„¢ hulls as well as equipment durability over the past few years.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is anticipated to continue its dominance over the forecast period. The region accounts for nearly 60% of global production and consumption of corrosion protective coatings. Increasing demand from end-use industries such as oil & gas, automotive, construction, marine and aerospace is expected to drive growth over the coming years.
The growing manufacturing sector in emerging economies such as China and India coupled with increasing foreign investments are likely to have a positive impact on industry growth. In addition, favorable government regulations aimed at promoting domestic manufacturing output are expected to boost product demand further driving overall regional market development.
Europe accounted for more than 20% of global revenue share in 2017 owing to high penetration levels observed across major countries including Germany Italy France UK Russia Spain Netherlands Belgium Sweden Finland Norway Poland Turkey Ukraine Greece Iran etc.
Growth Factors:
- Increasing demand from end-use industries, such as oil & gas, automotive, and construction
- Growing awareness about the benefits of corrosion protective coatings among consumers
- Technological advancements in the production of corrosion protective coatings
- Rising investments by leading players in research and development activities to develop new and innovative products
- Expansion of global trade routes that are resulting in an increase in demand for corrosion protective coatings
Scope Of The Report
Report Attributes
Report Details
Report Title
Corrosion Protective Coatings Market Research Report
By Type
Alkyd, Acrylic, Epoxy, Polyurethane, Zinc
By Application
Marine, Oil & Gas, Construction, Industrial, Automotive
By Companies
AkzoNobel, BASF, PPG Industries, The Sherwin-Williams, Jotun, AkzoNobel
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
179
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Corrosion Protective Coatings Market Report Segments:
The global Corrosion Protective Coatings 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
Marine, Oil & Gas, Construction, Industrial, Automotive
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:
- AkzoNobel
- BASF
- PPG Industries
- The Sherwin-Williams
- Jotun
- AkzoNobel
Highlights of The Corrosion Protective Coatings 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:
- Marine
- Oil & Gas
- Construction
- Industrial
- Automotive
- 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 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
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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 are a type of coating that is used to protect metal from corrosion. Corrosion protective coatings can be made of a variety of materials, including metals, plastics, and composites.
Some of the major companies in the corrosion protective coatings market are AkzoNobel, BASF, PPG Industries, The Sherwin-Williams, Jotun, AkzoNobel.
The corrosion protective coatings 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 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 Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Corrosion Protective Coatings 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 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 Market Size & Forecast, 2020-2028
4.5.1 Corrosion Protective Coatings Market Size and Y-o-Y Growth
4.5.2 Corrosion Protective Coatings 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 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 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 Construction
6.2.4 Industrial
6.2.5 Automotive
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Corrosion Protective Coatings 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 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 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 Market Size Forecast by Applications
9.10.1 Marine
9.10.2 Oil & Gas
9.10.3 Construction
9.10.4 Industrial
9.10.5 Automotive
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 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 Market Size Forecast by Applications
10.10.1 Marine
10.10.2 Oil & Gas
10.10.3 Construction
10.10.4 Industrial
10.10.5 Automotive
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 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 Market Size Forecast by Applications
11.10.1 Marine
11.10.2 Oil & Gas
11.10.3 Construction
11.10.4 Industrial
11.10.5 Automotive
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 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 Market Size Forecast by Applications
12.10.1 Marine
12.10.2 Oil & Gas
12.10.3 Construction
12.10.4 Industrial
12.10.5 Automotive
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 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) Market Size Forecast by Applications
13.10.1 Marine
13.10.2 Oil & Gas
13.10.3 Construction
13.10.4 Industrial
13.10.5 Automotive
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 Market: Competitive Dashboard
14.2 Global Corrosion Protective Coatings Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AkzoNobel
14.3.2 BASF
14.3.3 PPG Industries
14.3.4 The Sherwin-Williams
14.3.5 Jotun
14.3.6 AkzoNobel
