Corrosion protective coatings and acid proof linings Market Growth Forecast by 2031

MARKET INTRODUCTION

Corrosion protective coatings are mainly used by industries worldwide to protect their products from degradation, most commonly affected by moisture, salt spray, oxidation, and a number of chemical-based occurrences that can be proven to be harmful to metals and alloys. Zinc and titanium dioxide compounds are some of the essential ingredients in corrosion protective coatings and the overall paints & coatings industry.

MARKET DYNAMICS

The corrosion protective coatings & acid proof linings market has witnessed significant growth owing to factors such as wider application in industries such as marine, oil and gas, power generation, construction, automotive, chemicals, and others. The market growth is mainly attributed to rising demand from various end-user industries, strengthening of global economies, advancements in coating technologies, and low competitive pressure owing to fast-growing demands. Other factors propelling the growth of this market include an increasing shift from solvent-borne technology to waterborne technology along with increasing investments by key players in developing regions. However, various regulations upon the raw materials and their fluctuating prices may hamper the growth of the corrosion protective coatings and acid proof linings market. Nevertheless, with the steady growth in the construction industry and automotive industry, there are opportunities for the market players to invest in this market.

MARKET SCOPE

The "Global Corrosion Protective Coatings and Acid Proof Linings 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 protective coatings and acid proof linings market with detailed market segmentation by nature, type, end-use industry, and geography. The global corrosion protective coatings and acid proof linings market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading corrosion protective coatings and acid proof linings market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global corrosion protective coatings and acid proof linings market is segmented on the basis of nature, type, and end-use industry. On the basis of nature, the corrosion protective coatings and acid proof linings market is segmented into solvent-based, water-based, and powder-based. The corrosion protective coatings and acid proof linings market on the basis of the type is classified into polymer coatings, rubber lining systems acid proof lining, ceramic & carbon brick lining, thermoplastics lining, and others. On the basis of end-use industry, global corrosion protective coatings and acid proof linings market is bifurcated into marine, oil and gas, power generation, construction, automotive, chemicals, 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 protective coatings and acid proof linings 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 protective coatings and acid proof linings 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 protective coatings and acid proof linings 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 protective coatings and acid proof linings market in these regions.

MARKET PLAYERS

The reports cover various key developments in the global corrosion protective coatings and acid proof linings 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 protective coatings and acid proof linings market are anticipated to lucrative growth opportunities in the future with the rising demand for corrosion protective coatings and acid proof linings in the global market. Below mentioned is the list of few companies engaged in the corrosion protective coatings and acid proof linings market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the corrosion protective coatings and acid proof linings 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.

•   Ashland Inc.
  
•   Axalta Coatings Ltd.
  
•   BASF Coatings GmbH
  
•   Hempel A/S
  
•   International Paint Limited
  
•   Jotun A/S
  
•   PPG Industries Inc.
  
•   The Sherwin Williams Company
  
•   Others
  

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 protective coatings and acid proof linings Report Scope