Anti-Corrosion Coating Market to Grow USD 43 Billion at a Stayed 5% CAGR with Huge Profits by 2029 | Exactitude Consultancy

PRESS RELEASE
Published March 1, 2023

Exactitude Consultancy Market Research analyses that the Anti-Corrosion Coating market will witness a CAGR of 5% for the forecast period of 2023-2029 and is likely to reach at USD 43 Billion by 2029 from USD 27.85 Billion in 2022.

The study considers the Global Anti-Corrosion Coating Market present scenario and its market dynamics for the period 2023-2029. It includes a thorough assessment of a number of trends, constraints, and drivers of market growth. The report evaluates the market size of the Anti-Corrosion Coating Market and studies the strategy patterns adopted by the prominent international players. The report also analyses the market’s size in terms of projected revenue for the future. All of the data numbers, such as percentage splits and breakdowns, are calculated from secondary sources and confirmed from original sources. The market’s supply and demand sides are also covered in the research. It provides profiles and analysis of market leaders and other prominent businesses.

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Key Drivers and Restraints of Anti-corrosion Coatings Market

  • Anti-corrosion coatings are primarily used in the infrastructure industry. Different end-user sectors use anti-corrosion compounds to shield metal components from corrosion-related structural failure. They are widely used in sectors like oil and gas, automobiles, and infrastructure where metals are consumed in big amounts. End-user sectors strive to select anti-corrosion coatings with minimal environmental effect. As a result, it is anticipated that during the projection period, demand for waterborne anti-corrosion coatings will increase considerably. During the projection period, this is expected to push the global anti-corrosion coatings market.
  • In the near future, it is predicted that increased demand for anti-corrosion coatings in the automobile and maritime sectors will present the anti-corrosion coatings market with significant possibilities. In the energy sector, anti-corrosion compounds are also extremely important. Equipment used in the energy sector is protected from rust by anti-corrosion coverings from severe weather. Additionally, emerging nations are probably more likely to rely on traditional energy production methods like coal power and crude oil substitutes.

Anti-Corrosion Coating Market: Demand Analysis and Opportunity Outlook to 2023-2029

The Anti-Corrosion Coating study defines the market size of various segments and countries by historical years and forecasts the value for the next 7 years. The report brings together qualitative and quantitative elements of the Anti-Corrosion Coating industry, including: market share, market size (value and volume 2017-2021, and forecast to 2023-2029), in the highly competitive market for each country concerned Express appreciation. Furthermore, the study also caters and provides in-depth statistics on the key elements of Anti-Corrosion Coating, which includes drivers and restraints that help in estimating the future growth prospects of the market.

The study pays attention to the loftiest revenue-generating and highest growing segments of the Anti-Corrosion Coating market. This makes the research document accurately organized and systematic alongside encouraging a simpler understanding of each facet covered in this report. Major Key players profiled in the report include: Akzo Nobel N.V., Ashland, Axalta Coating Systems, LLC, BASF SE, Hempel A/S, Jotun, Kansai Paint Co., Ltd., PG Industries and others.

Developments

  • In April 2022, PPG announced that it will celebrate 300 years of operations in the Netherlands, as well as the anniversary of the SIGMA COATINGS brand, one of Europe’s most well-known architectural coatings brands.
  • In April 2022, PPG announced the completion of its acquisition of Arsonsisi, an industrial coatings company situated in Milan, Italy’s powder coatings manufacturing division.
  • In February 2022, Ashland released a new water-based pressure-sensitive adhesive (PSA) platform that is completely compliant with ISO 10993 direct skin contact applications.

Anti-Corrosion Coating Market Segmentation:

Anti-Corrosion Coatings Market by Technology, 2023-2029, (USD Million) (Kilotons)

  • Solvent Based
  • Water Based
  • Power Based

Anti-Corrosion Coatings Market by Material, 2023-2029, (USD Million) (Kilotons)

  • Acrylic
  • Alkyd
  • Polyurethane
  • Epoxy
  • Zinc

Anti-Corrosion Coatings Market by Application, 2023-2029, (USD Million) (Kilotons)

  • Oil and Gas
  • Marine
  • Building and Construction
  • Automotive and Rail
  • Aerospace

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Geographically, the following regions were investigated:

  • North America (United States, Canada and Mexico)
  • Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
  • Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
  • South America (Brazil, Argentina, Colombia, and Rest of South America)
  • Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

Key market aspects are illuminated in the report:

Executive Summary: It covers a summary of the most vital studies, the Anti-Corrosion Coating market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.

Study Analysis: Covers major companies, vital market segments, the scope of the products offered in the Anti-Corrosion Coating market, the years measured, and the study points.

Company Profile: Each Firm well-defined in this segment is screened based on a product, value, SWOT analysis, their ability and other significant features.

Manufacture by region: This Anti-Corrosion Coating report offers data on imports and exports, sales, production and key companies in all studied regional markets

What is the purpose of this report?

  • A thorough review of the Anti-Corrosion Coating market, including regional markets.
  • Comprehensive coverage of all segments of the Anti-Corrosion Coating market to assess trends, developments and market size forecasts till 2023-2029.
  • A thorough examination of deals involved in the Anti-Corrosion Coating market including product portfolio, revenue, SWOT analysis and recent company advancements are examined in the company profile.
  • The growth matrix analyzes the product categories and geographic regions in which market companies should focus their efforts to invest, consolidate, expand and/or diversify.

There are 13 Sections to show the Anti-Corrosion Coating market:      

Chapter 1: Anti-Corrosion Coating Market Overview, Drivers, Restraints and Opportunities, Segmentation overview

Chapter 2: Market Competition by Manufacturers

Chapter 3: Production by Regions

Chapter 4: Consumption by Regions

Chapter 5: Production, By Types, Revenue, and Market share by Types

Chapter 6: Consumption, By Applications, Market share (%), and Growth Rate by Applications

Chapter 7: Complete profiling and analysis of Manufacturers

Chapter 8: Manufacturing cost analysis, Raw materials analysis, Region-wise manufacturing expenses

Chapter 9: Industrial Chain, Sourcing Strategy, and Downstream Buyers

Chapter 10: Marketing Strategy Analysis, Distributors/Traders

Chapter 11: Market Effect Factors Analysis

Chapter 12: Anti-Corrosion Coating Market Forecast

Chapter 13: Anti-Corrosion Coating Market Research Findings and Conclusion, Appendix, methodology, and data source

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Key questions answered in the report include:

  • What is the growth potential of the Anti-Corrosion Coating market?
  • Which regional markets will emerge as leaders in the next few years?
  • What are the key challenges facing the Anti-Corrosion Coating market in the future?
  • Who are the most prominent players in the global Anti-Corrosion Coating market?
  • What are the key trends positively impacting market growth?

About Us

Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data.

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