Anti-Corrosion Coatings Market is Projected to Reach US$ 41.25 Billion in 2028

Anti-Corrosion Coatings Market is Projected to Reach US$ 41.25 Billion in 2028



Stratview Research, a leading market research firm has launched a report on the Anti-Corrosion Coatings Market which provides an in-depth analysis of the market dynamics, current and emerging trends, industry forecast, and competitive landscape.Get more news about Anti Corrosion Coatings,you can vist our website!
How is the Report Helpful?

The report has a very high utility for the key decision-makers and strategists in terms of accurate market insights, future growth opportunities, and key success factors.

Most importantly, the report analyses the possible impact of COVID-19 on the market dynamics which offers cushioning against the uncertain business environment and helps in streamlining the resources and investment decisions in a fruitful manner.The report also includes growth rate estimates based on the intensity of drivers and constraints and provides the users with several graphical illustrations of the key insights.

Anti-Corrosion Coatings Market Insights

By Product Type

The market is segmented as epoxy, polyurethane, acrylic, alkyd, zinc, chlorinated rubber, and others. Acrylic material segment shares more than 41% in 2021. Polyurethane, on the other hand, is estimated to account for a significant share of the market over the forecast period. Polyurethane anti-corrosion coatings are extensively used in a wide range of end-user industries on account of properties such as durability and quick curing time.

By Mode of Application Type

The market is segmented as water-based, solvent-based, and powder. Solvent-based technology shares more than 45% in 2021. The presence of various environmental regulations on the use of solvent-based coatings has resulted in an increase in the use of water-based coatings, which has increased the market revenue of the segment.

By End-User Type

The market is segmented into oil & gas, shipbuilding, infrastructure, industrial markets, energy, transport, and others. Oil & gas application share more than 35% in 2021. The segment is expanding as a result of the rising population, increasing investment in the construction sector, and the growing need to protect metal structures from corrosion.

Which region offers the best opportunity and growth?

Asia Pacific holds more than 35% of the market share in 2021. The growth of the region’s market is owing to the presence of some of the major players in China. Growing demand from the shipping, energy, and infrastructural industries, specifically in South Korea, China, and Japan is further expected to fuel the regional market growth over the forecast period. Europe and Asia-Pacific are also expected to offer substantial growth opportunities over the forecast period.