Corrosion Protection Polymer Coating Market Trends, Opportunities, and Forecast by 2031

MARKET INTRODUCTION

Protective coatings are quite a simple way to reduce corrosion by limiting the exposure of the metal to a corrosive environment. Polymer coating systems can be employed on a metal surface to provide anti-corrosion protection. Surfaces look and perform better while coated with styrene-acrylic & acrylic polymer emulsions or with a styrene-butadiene latex, all of them designed to accept ink, create gloss, form a barrier, etc. Epoxy polymers, a class of thermosetting polymers, became the best choice. They are stable, tough, and resistant to corrosive chemicals. Epoxies are high performing adhesives and useful industrial surface coatings.

MARKET DYNAMICS

The corrosion protection polymer coating market has witnessed significant growth owing to factors such as wider application in industries such as marine, oil & gas, power generation, construction, automotive, and others. Also, polymer coatings serve as protective as well as decorative layers on the surface of consumer goods. A polymer or paint consisting of polymers that adhere to surfaces well and also prevents corrosion may be referred to as a corrosion-resistant polymeric coating. The process of polymeric coating mainly involves the application of an elastomer or other polymeric material onto a substrate. Polymeric coatings designed also manufactured for protection against corrosion are often quite durable and are required to adhere well to a substrate without easily chipping or degrading due to the imposition of moisture, heat, chemicals, or salt. However, fluctuating prices of raw materials may hamper the growth of the corrosion protection polymer coating market. Nevertheless, with the steady growth in the chemical processing industry and paint & coating industry, there are opportunities for the market players to invest in this market.

MARKET SCOPE

The "Global Corrosion Protection Polymer Coating Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the corrosion protection polymer coating market with detailed market segmentation by form, product type, end-use industry, and geography. The global corrosion protection polymer coating market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading corrosion protection polymer coating market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global corrosion protection polymer coating market is segmented on the basis of form, product type, and end-use industry. On the basis of form, the corrosion protection polymer coating market is segmented into solvent-based, water-based, and powder-based. The corrosion protection polymer coating market on the basis of the product type is classified into epoxy, polyurethane, alkyd, acrylic, fluoropolymer, zinc, and others. On the basis of end-use industry, global corrosion protection polymer coating market is bifurcated into marine, oil & gas, power generation, construction, automotive, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global corrosion protection polymer coating market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The corrosion protection polymer coating market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the corrosion protection polymer coating market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the corrosion protection polymer coating market in these regions.

MARKET PLAYERS

The reports cover various key developments in the global corrosion protection polymer coating market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from corrosion protection polymer coating market are anticipated to lucrative growth opportunities in the future with the rising demand for corrosion protection polymer coating in the global market. Below mentioned is the list of few companies engaged in the corrosion protection polymer coating market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the corrosion protection polymer coating market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Akzo Nobel NV.
  
•   Ashland Inc.
  
•   Axalta Coating Systems Ltd.
  
•   BASF Coatings GmbH
  
•   Jotun A/S
  
•   Koch Knight LLC
  
•   Polycorp Ltd.
  
•   PPG Industries, Inc.
  
•   Steuler-KCH GmbH
  
•   The Sherwin-Williams Company
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Corrosion Protection Polymer Coating Report Scope