Market Overview:
The global high performance anti-corrosion coatings market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for high performance anti-corrosion coatings from end-use industries such as oil & gas, marine, power generation, construction, tanks & pipes, and others. In addition, the growing awareness about the benefits of using high performance anti-corrosion coatings is also contributing to the growth of this market. Based on type, epoxy coatings are expected to account for the largest share of the global high performance anti-corrosion coatings market in 2018. This can be attributed to their superior properties such as resistance against corrosion and abrasion. Based on application, oil & gas is expected to account for the largest share of the global high performance anti-corrosion coatings market in 2018. This can be attributed to increasing investments in upstream activities across regions such as North America and Latin America that are driving demand for highperformanceanti- corros ioncoat INGSin these regions .
Product Definition:
A High Performance Anti-Corrosion Coating is a coating that has been specifically designed to provide superior protection against corrosion. These coatings are typically applied to metal surfaces in order to prevent or delay the onset of corrosion. The importance of high performance anti-corrosion coatings can be summed up in two words: safety and money. By protecting metal surfaces from corrosion, these coatings help keep people safe by preventing failures that could lead to accidents and injuries. They also save money by helping to extend the life of equipment and infrastructure.
Epoxy Coatings:
Epoxy coatings are a group of materials that contain an epoxide group. This polymer has excellent adhesion to metals and is often used as a corrosion-inhibiting coating on steel structures. The growth factor in the market for high performance anti-corrosion coatings is the need for low VOC (volatile organic compound) content products, which have better health and environmental impacts.
Urethane Coatings:
Urethane coatings are widely used in the anti-corrosion coating industry. They are applied to ferrous and non-ferrous metals to protect them from corrosion. Urethanes have high resistance against chemicals, moisture, and heat; which makes it a suitable material for application in various corrosive environments.
Application Insights:
The global demand for high performance anti-corrosion coatings was dominated by the oil & gas industry at 37.3% in terms of volume in 2017. The oil & gas industry is one of the largest consumers of these corrosion protection products as they are used to prevent the degradation of metals due to oxidation and other forms of corrosion.
Corrosion is one of the major issues affecting pipelines, tanks, and other steel structures used in various industries such as energy, chemicals, water & wastewater services among others which require a large numberof pipes for installation purposes across regions including North America and Europe.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing demand for energy and industrial growth in emerging economies including China, India, Indonesia, Malaysia and Thailand. In addition, rising infrastructure development activities are likely to drive the demand for anti-corrosion coatings in construction as well as other applications.
The presence of major shipbuilding industries in South Korea and Japan coupled with growing domestic production is anticipated to augment product consumption over the forecast period. The shipbuilding industry requires high quality raw materials such as steel that needs protection against corrosion which will further propel market growth over the coming years.
Growth Factors:
- Increasing demand from end-use industries: The global high performance anti-corrosion coatings market is witnessing a significant growth due to the increasing demand from various end-use industries, such as oil & gas, marine, automotive and infrastructure.
- Growing awareness about the benefits of using high performance anti-corrosion coatings: There is a growing awareness among consumers about the benefits of using high performance anti-corrosion coatings products, which is aiding in the growth of this market.
- Rising investments in infrastructure development: The increasing investments in infrastructure development across the globe are propelling the growth of the global high performance anti-corrosion coatings market.
- Technological advancements: The advancement in technology has led to innovations in product design and formulation that are helping manufacturers offer better quality products with improved properties such as corrosion protection and durability. This is resulting in an increase in adoption of these products by consumers worldwide. 5) Stringent environmental regulations: Stringent environmental regulations regarding emissions and VOCs are prompting companies to adopt high performinganti corrosioncoatings that comply with these norms, thus drivingthegrowthoftheglobalhighperformanceanticorrosioncoatingsmarket
Scope Of The Report
Report Attributes
Report Details
Report Title
High Performance Anti-Corrosion Coatings Market Research Report
By Type
Epoxy Coatings, Urethane Coatings, Acrylic Coatings, Others
By Application
Oil & Gas, Marine, Power Generation, Construction, Tanks & Pipes, Others
By Companies
Akzo Nobel N.V., The 3M Company, Jotun A/S, Nippon Paint, Tnemec Inc., Chugoku Marine Paints, Sokema, Hempel A/S, PPG Industries Inc., The Sherwin-Williams Company, Akzo Nobel N.V., AnCatt Inc.
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
196
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global High Performance Anti-Corrosion Coatings Market Report Segments:
The global High Performance Anti-Corrosion Coatings market is segmented on the basis of:
Types
Epoxy Coatings, Urethane Coatings, Acrylic Coatings, Others
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
Oil & Gas, Marine, Power Generation, Construction, Tanks & Pipes, 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:
- Akzo Nobel N.V.
- The 3M Company
- Jotun A/S
- Nippon Paint
- Tnemec Inc.
- Chugoku Marine Paints
- Sokema
- Hempel A/S
- PPG Industries Inc.
- The Sherwin-Williams Company
- Akzo Nobel N.V.
- AnCatt Inc.
Highlights of The High Performance Anti-Corrosion 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:
- Epoxy Coatings
- Urethane Coatings
- Acrylic Coatings
- Others
- By Application:
- Oil & Gas
- Marine
- Power Generation
- Construction
- Tanks & Pipes
- 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 High Performance Anti-Corrosion 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.
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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?
High performance anti-corrosion coatings are a type of coating that is designed to protect metal from corrosion. They are typically made of a combination of chemicals and metals that work together to form a protective barrier against the elements.
Some of the key players operating in the high performance anti-corrosion coatings market are Akzo Nobel N.V., The 3M Company, Jotun A/S, Nippon Paint, Tnemec Inc., Chugoku Marine Paints, Sokema, Hempel A/S, PPG Industries Inc., The Sherwin-Williams Company, Akzo Nobel N.V., AnCatt Inc..
The high performance anti-corrosion 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 High Performance Anti-Corrosion 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 High Performance Anti-Corrosion Coatings Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 High Performance Anti-Corrosion 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 High Performance Anti-Corrosion 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 High Performance Anti-Corrosion Coatings Market Size & Forecast, 2020-2028 4.5.1 High Performance Anti-Corrosion Coatings Market Size and Y-o-Y Growth 4.5.2 High Performance Anti-Corrosion 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 Epoxy Coatings
5.2.2 Urethane Coatings
5.2.3 Acrylic Coatings
5.2.4 Others
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 Oil & Gas
6.2.2 Marine
6.2.3 Power Generation
6.2.4 Construction
6.2.5 Tanks & Pipes
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Performance Anti-Corrosion 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 High Performance Anti-Corrosion 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 Epoxy Coatings
9.6.2 Urethane Coatings
9.6.3 Acrylic Coatings
9.6.4 Others
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 Oil & Gas
9.10.2 Marine
9.10.3 Power Generation
9.10.4 Construction
9.10.5 Tanks & Pipes
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 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 Epoxy Coatings
10.6.2 Urethane Coatings
10.6.3 Acrylic Coatings
10.6.4 Others
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 Oil & Gas
10.10.2 Marine
10.10.3 Power Generation
10.10.4 Construction
10.10.5 Tanks & Pipes
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 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 Epoxy Coatings
11.6.2 Urethane Coatings
11.6.3 Acrylic Coatings
11.6.4 Others
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 Oil & Gas
11.10.2 Marine
11.10.3 Power Generation
11.10.4 Construction
11.10.5 Tanks & Pipes
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 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 Epoxy Coatings
12.6.2 Urethane Coatings
12.6.3 Acrylic Coatings
12.6.4 Others
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 Oil & Gas
12.10.2 Marine
12.10.3 Power Generation
12.10.4 Construction
12.10.5 Tanks & Pipes
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) 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 Epoxy Coatings
13.6.2 Urethane Coatings
13.6.3 Acrylic Coatings
13.6.4 Others
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 Oil & Gas
13.10.2 Marine
13.10.3 Power Generation
13.10.4 Construction
13.10.5 Tanks & Pipes
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 High Performance Anti-Corrosion Coatings Market: Competitive Dashboard
14.2 Global High Performance Anti-Corrosion Coatings Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Akzo Nobel N.V.
14.3.2 The 3M Company
14.3.3 Jotun A/S
14.3.4 Nippon Paint
14.3.5 Tnemec Inc.
14.3.6 Chugoku Marine Paints
14.3.7 Sokema
14.3.8 Hempel A/S
14.3.9 PPG Industries Inc.
14.3.10 The Sherwin-Williams Company
14.3.11 Akzo Nobel N.V.
14.3.12 AnCatt Inc.