Our latest research report entitled Anti-corrosion Coating Market (by product types (alkyd, acrylic coatings, epoxy, polyurethane, energy, silicone, inorganic resins), applications (new building, refurbishments, onboard maintenance (OBM))) provides complete and deep insights into the market dynamics and growth of Anti-corrosion Coating. The latest information on market risks, industry chain structure Anti-corrosion Coating cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Anti-corrosion Coating growth factors.
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Rising Construction and Marine Industries Are Contributing to the Growth
Anti-corrosion coating is the resistive coating used for the protection of metal components within the different environmental and industrial conditions such as moisture, oxidation, salt spray, and others. The metals used in the various industries can undergo corrosion, as they are in contact with various chemicals and corrosive material so to prevent them from corrosion the anti-corrosion coating is used. The anti-corrosion coating acts as the barrier to avert the contact of the metal surface and the corrosive materials. The various dyes, pigments, paints and other materials are used in the anti-corrosion coating.
Rapidly growing demand for anti-corrosion coating from various industries including marine, oil & gas, construction, power generation, and others is driving the growth of the anti-corrosion coating market worldwide. In addition, rising construction and marine industries are contributing to the growth of the anti-corrosion coating market all over the globe. In addition, an increase in ship repair and maintenance activities across all over the world likely to boost the market of anti-corrosion coating.
However, crude oil is the key raw material used to produce anti-corrosion coating materials. The fluctuations in the pricing of this raw material are restraining the growth of the anti-corrosion coating market. Moreover, the growing demand and the consumption of anti-corrosion coating in the steel and construction industries are expected to create several opportunities in the anti-corrosion coating market.
Asia-Pacific Dominates the Market
Geographically, Asia-Pacific dominates the market of anti-corrosion coating followed by North America. The rising urbanization in the Asia-Pacific region results in the rapid growth of various end-use industries such as construction, automotive, steel and others are likely to boost the growth of the anti-corrosion coating market in this region. The increasing oil and gas drilling and exploration activities contribute to the market of anti-corrosion coating in Asia- Pacific region.
Furthermore, North America is the second-largest region in the anti-corrosion coating market owing to its wide use in various industry verticals. The US is the most important sector and has captured the majority of the market share in the North American region.
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Report on Global Anti-Corrosion Coating Market Covers Segments Such as Product Types, Applications, And End-User
On the basis of product types, the global anti-corrosion coating market is categorized into acrylic coatings, epoxy, polyurethane, energy, silicone, alkyd coatings, and inorganic resins. On the basis of applications, the global anti-corrosion coating market is categorized into new buildings, refurbishments and onboard maintenance (OBM). On the basis of end-user, the global anti-corrosion coating market is categorized into marine, automotive, construction, energy, industrial, oil & gas, and others.
The report provides profiles of the companies in the global anti-corrosion market such as 3M Co, AkzoNobel N.V, BASF SE, The Dow Chemical Company, Nippon Paints Co. Ltd, Kansai Paints Co. Ltd., The Sherwin Williams Company., PPG Industries, Inc., Wacker Chemie AG, and Solvay S.A.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/chemical-material/global-anti-corrosion-market
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Anti-corrosion Coating.
- Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.