Corrosion Protection Coatings Market Industry Growth, Trend, Statistics, Competition Strategies, Region And Analysis 2031
The Corrosion Protection Coatings market is projected to grow from USD 10.4 billion in 2023 to USD 12.4 billion by 2028, at a CAGR of 3.5% between 2023-2028
(EMAILWIRE.COM, March 13, 2024 ) The report "Corrosion Protection Coatings Market by Resin Type (Epoxy, PU, Acrylic, Zinc, Chlorinated Rubber), Technology (Water, Solvent, Powder), End-use (Oil & Gas, Marine, Infrastructure, Power Generation, Water Treatment), & Region - Global Forecast to 2028", is projected to grow from USD 10.4 billion in 2023 to USD 12.4 billion by 2028, at a CAGR of 3.5%..
Browse in-depth TOC on "Corrosion Protection Coatings Market”
258 - Market Data Tables
66 - Figures
299 - Pages
Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=150815310
Epoxy is the largest segment of the overall Corrosion protection coatings market.
Epoxy-based corrosion protection coatings have been widely used and are in high demand in various industries. Epoxy coatings are known for their excellent corrosion resistance and durability, making them suitable for applications in sectors such as infrastructure, marine, and oil and gas. Such coatings offer durability, versatility, adhesion, ease of application, and aesthetics along with good corrosion resistance. In many end-use industries, there are strict regulations and standards regarding corrosion protection. Epoxy coatings often meet or exceed these requirements, ensuring compliance and maintaining the integrity of structures or equipment.
Water-based technology is the fastest-growing segment in the market during the forecast period.
Water is the main solvent in the water-based corrosion prevention coatings technology. Up to 80% of the coating is made of water. Therefore, when employing this technology, a solvent is not needed. In accordance with US and European laws, it produces fewer VOCs, which are less than 3.5 pounds per gallon of water, making it environmentally friendly.
To increase the performance of water-based coatings over solvent-based coatings and lower the cost of production, this technology is continuously developing. Currently, water-based corrosion protection coatings are costlier than solvent-based corrosion protection coatings. Polyacrylates, polyvinyl ethers, and polyurethane resins serve as the coating technology's binder materials.
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Asia Pacific is the largest market for Corrosion Protection coatings globally during the forecast period
The global market for corrosion protection coatings is expanding at the quickest rate in Asia Pacific. Economic growth, followed by significant investment in a variety of sectors, including petrochemical, oil & gas, infrastructure, power generation, and industrial, are primarily responsible for this. The most potential market is in Asia Pacific, and it is likely to be the case in the foreseeable future. Additionally, to take advantage of the cheap labor and meet local market demand, international businesses are moving their production plants to Asia Pacific.
Corrosion Protection Coatings Market Key Players
The key players profiled in the Corrosion protection coatings market report are Akzo Nobel NV (Netherlands), PPG Industries, Inc. (US), Jotun A/S (Norway), The Sherwin-Williams Company (US), and Kansai Paint Co., Ltd. (Japan).
Don't miss out on business opportunities in Corrosion Protection Coatings Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=150815310
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com
Browse in-depth TOC on "Corrosion Protection Coatings Market”
258 - Market Data Tables
66 - Figures
299 - Pages
Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=150815310
Epoxy is the largest segment of the overall Corrosion protection coatings market.
Epoxy-based corrosion protection coatings have been widely used and are in high demand in various industries. Epoxy coatings are known for their excellent corrosion resistance and durability, making them suitable for applications in sectors such as infrastructure, marine, and oil and gas. Such coatings offer durability, versatility, adhesion, ease of application, and aesthetics along with good corrosion resistance. In many end-use industries, there are strict regulations and standards regarding corrosion protection. Epoxy coatings often meet or exceed these requirements, ensuring compliance and maintaining the integrity of structures or equipment.
Water-based technology is the fastest-growing segment in the market during the forecast period.
Water is the main solvent in the water-based corrosion prevention coatings technology. Up to 80% of the coating is made of water. Therefore, when employing this technology, a solvent is not needed. In accordance with US and European laws, it produces fewer VOCs, which are less than 3.5 pounds per gallon of water, making it environmentally friendly.
To increase the performance of water-based coatings over solvent-based coatings and lower the cost of production, this technology is continuously developing. Currently, water-based corrosion protection coatings are costlier than solvent-based corrosion protection coatings. Polyacrylates, polyvinyl ethers, and polyurethane resins serve as the coating technology's binder materials.
Get Sample Pages of This Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=150815310
Asia Pacific is the largest market for Corrosion Protection coatings globally during the forecast period
The global market for corrosion protection coatings is expanding at the quickest rate in Asia Pacific. Economic growth, followed by significant investment in a variety of sectors, including petrochemical, oil & gas, infrastructure, power generation, and industrial, are primarily responsible for this. The most potential market is in Asia Pacific, and it is likely to be the case in the foreseeable future. Additionally, to take advantage of the cheap labor and meet local market demand, international businesses are moving their production plants to Asia Pacific.
Corrosion Protection Coatings Market Key Players
The key players profiled in the Corrosion protection coatings market report are Akzo Nobel NV (Netherlands), PPG Industries, Inc. (US), Jotun A/S (Norway), The Sherwin-Williams Company (US), and Kansai Paint Co., Ltd. (Japan).
Don't miss out on business opportunities in Corrosion Protection Coatings Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=150815310
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com
Contact Information:
MarketsandMarkets™
Mr. Aashish Mehra
Tel: 1-888-600-6441
Email us
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MarketsandMarkets™
Mr. Aashish Mehra
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results