Market Overview:
The global corrosion resistant 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 resistant coatings from end-use industries, such as automotive, marine, construction, medical equipment and industrial. In terms of type, the corrosion-resistant zeolite coatings segment is projected to grow at a higher CAGR during the forecast period. This can be attributed to its properties such as high resistance against acids and alkalis and low water absorption.
Product Definition:
A corrosion resistant coating is a material that is applied to an object in order to protect it from corrosion. The purpose of a corrosion resistant coating is to prevent the object from being damaged by oxidation or rusting.
Corrosion-Resistant Zeolite Coatings:
Corrosion-resistant zeolite coatings are specialty corrosion-inhibiting products that find application in various end-use industries. These coatings are majorly used for metal protection against corrosive environments such as acids, alkalis and other aggressive chemicals. Corrosion resistant coating is a two- component system consisting of an inhibitor and a carrier.
Corrosion Resistant Epoxy Coatings:
Corrosion resistant epoxy coatings are widely used in the corrosion resistant coating industry. They are applied over a wide range of materials including steel, aluminum, titanium alloys, copper alloys and others to provide protection against corrosive environments. Corrosion resistant epoxy coatings have applications in transportation equipment such as cars & ships; industrial equipment; aerospace components & nuclear facilities; wind turbine components and other areas where extreme corrosion is expected.
Application Insights:
The global corrosion resistant coatings market is segmented on the basis of application into automotive, construction, industrial, marine and others. The automotive application segment accounted for a share of over 35% in 2017. Rising demand for vehicles owing to increasing disposable income levels coupled with rising consumer preference for luxury vehicles is expected to drive growth over the forecast period.
Zeolite-based products are majorly used in paints and coatings industry as they offer superior chemical stability which prevents degradation due to oxidation or polymerization processes that take place during storage or transportation of coated products respectively. Zeolite-based corrosionresistant epoxy coating have been witnessing significant adoption across several industries including aerospace & defense on account of their enhanced performance characteristics when compared with conventional non-corrosionresistant epoxy coating materials currently being used globally.
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 a major share of global steel production, which has resulted in high product consumption. In addition, rapid industrialization coupled with increasing foreign investments is expected to drive demand from various end-use industries such as construction and automotive in the region over the next eight years.
North America emerged as one of the prominent markets for corrosion resistant coatings owing to growing concerns regarding environmental degradation along with an increase in spending on infrastructure development activities by governments at both federal and state levels. This factor is projected to propel demand from applications such as construction, aerospace & defense, marine etc., thereby driving industry growth across this region during the forecast period.
Europe accounted for more than 20% revenue share of global market volume due to rising product utilization across several end-use industries including aerospace & defense.
Growth Factors:
- Increasing demand from end-use industries such as oil & gas, chemical processing, and water treatment
- Growing awareness about the benefits of corrosion resistant coatings among industrialists and consumers alike
- Technological advancements in the field of corrosion resistant coatings that improve performance and durability
- Rising investments in research and development for developing better corrosion resistant coatings technologies
- Stringent government regulations mandating use of corrosion resistant coatings in various industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Corrosion Resistant Coatings Market Research Report
By Type
Corrosion-Resistant Zeolite Coatings, Corrosion Resistant Epoxy Coatings, Other
By Application
Automotive, Marine, Construction, Medical Equipment, Industrial
By Companies
SilcoTek, MBI Coatings, Metalline Chemical Corporation, Master Bon, DECC Company, Acree Technologies Inc., Henkel, Secoa Technology, KECO Coatings, Surface Technology UK, SilcoTek
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
223
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Corrosion Resistant Coatings Market Report Segments:
The global Corrosion Resistant Coatings market is segmented on the basis of:
Types
Corrosion-Resistant Zeolite Coatings, Corrosion Resistant Epoxy Coatings, Other
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
Automotive, Marine, Construction, Medical Equipment, Industrial
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:
- SilcoTek
- MBI Coatings
- Metalline Chemical Corporation
- Master Bon
- DECC Company
- Acree Technologies Inc.
- Henkel
- Secoa Technology
- KECO Coatings
- Surface Technology UK
- SilcoTek
Highlights of The Corrosion Resistant 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:
- Corrosion-Resistant Zeolite Coatings
- Corrosion Resistant Epoxy Coatings
- Other
- By Application:
- Automotive
- Marine
- Construction
- Medical Equipment
- Industrial
- 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 Resistant 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand 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 resistant coatings are a type of coating that helps protect metal from corrosion. They can be made from a variety of materials, including metals, plastics, and composites. Corrosion resistant coatings can help prolong the life of metal components by preventing them from corroding.
Some of the major players in the corrosion resistant coatings market are SilcoTek, MBI Coatings, Metalline Chemical Corporation, Master Bon, DECC Company, Acree Technologies Inc., Henkel, Secoa Technology, KECO Coatings, Surface Technology UK, SilcoTek.
The corrosion resistant 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 Resistant 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 Resistant Coatings Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Corrosion Resistant 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 Resistant 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 Resistant Coatings Market Size & Forecast, 2018-2028
4.5.1 Corrosion Resistant Coatings Market Size and Y-o-Y Growth
4.5.2 Corrosion Resistant Coatings Market Absolute $ Opportunity
Chapter 5 Global Corrosion Resistant Coatings 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 Resistant Coatings Market Size Forecast by Type
5.2.1 Corrosion-Resistant Zeolite Coatings
5.2.2 Corrosion Resistant Epoxy Coatings
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Corrosion Resistant Coatings 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 Resistant Coatings Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Marine
6.2.3 Construction
6.2.4 Medical Equipment
6.2.5 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Corrosion Resistant 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 Resistant 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 Corrosion Resistant Coatings Analysis and Forecast
9.1 Introduction
9.2 North America Corrosion Resistant Coatings 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 Resistant Coatings Market Size Forecast by Type
9.6.1 Corrosion-Resistant Zeolite Coatings
9.6.2 Corrosion Resistant Epoxy Coatings
9.6.3 Other
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 Resistant Coatings Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Marine
9.10.3 Construction
9.10.4 Medical Equipment
9.10.5 Industrial
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 Resistant Coatings Analysis and Forecast
10.1 Introduction
10.2 Europe Corrosion Resistant Coatings 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 Resistant Coatings Market Size Forecast by Type
10.6.1 Corrosion-Resistant Zeolite Coatings
10.6.2 Corrosion Resistant Epoxy Coatings
10.6.3 Other
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 Resistant Coatings Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Marine
10.10.3 Construction
10.10.4 Medical Equipment
10.10.5 Industrial
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 Resistant Coatings Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Corrosion Resistant Coatings 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 Resistant Coatings Market Size Forecast by Type
11.6.1 Corrosion-Resistant Zeolite Coatings
11.6.2 Corrosion Resistant Epoxy Coatings
11.6.3 Other
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 Resistant Coatings Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Marine
11.10.3 Construction
11.10.4 Medical Equipment
11.10.5 Industrial
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 Resistant Coatings Analysis and Forecast
12.1 Introduction
12.2 Latin America Corrosion Resistant Coatings 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 Resistant Coatings Market Size Forecast by Type
12.6.1 Corrosion-Resistant Zeolite Coatings
12.6.2 Corrosion Resistant Epoxy Coatings
12.6.3 Other
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 Resistant Coatings Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Marine
12.10.3 Construction
12.10.4 Medical Equipment
12.10.5 Industrial
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 Resistant Coatings Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Corrosion Resistant Coatings 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 Resistant Coatings Market Size Forecast by Type
13.6.1 Corrosion-Resistant Zeolite Coatings
13.6.2 Corrosion Resistant Epoxy Coatings
13.6.3 Other
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 Resistant Coatings Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Marine
13.10.3 Construction
13.10.4 Medical Equipment
13.10.5 Industrial
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 Resistant Coatings Market: Competitive Dashboard
14.2 Global Corrosion Resistant Coatings Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SilcoTek
14.3.2 MBI Coatings
14.3.3 Metalline Chemical Corporation
14.3.4 Master Bon
14.3.5 DECC Company
14.3.6 Acree Technologies Inc.
14.3.7 Henkel
14.3.8 Secoa Technology
14.3.9 KECO Coatings
14.3.10 Surface Technology UK
14.3.11 SilcoTek
