Anti-corrosion Coatings Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Resin Type (Epoxy, Polyester, Polyurethane, Vinyl Ester, and Other Resin Types), Technology (Water-borne, Solvent-borne, Powder, and UV-cured), End-user Industry (Oil and Gas, Marine, Power, Infrastructure, Industrial, Aerospace and Defense, Transportation, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa)

Market Snapshot

3D Concrete Prin
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >5 %

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Market Overview

The market for anti-corrosion coatings is expected to expand at a CAGR of more than 5% during the forecast period. Major factors driving the market studied includes expansion of oil and gas activities in Asia-pacific and North America, modernization of infrastructure etc.

  • Regulations related to the VOCs, rise in prices of raw materials etc. are expected to hinder the growth of the market studied.
  • Power plants expected to provide growth to high-performance anti-corrosion coatings is likely to act as an opportunity in the future.

Scope of the Report

The anti-corrosion coatings market report includes:

By Resin Type
Epoxy
Polyester
Polyurethane
Vinyl Ester
Other Resin Types
By Technology
Water-borne
Solvent-borne
Powder
UV-cured
By End-user Industry
Oil and Gas
Marine
Power
Infrastructure
Industrial
Aerospace and Defense
Transportation
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Increasing Demand from the Infrastructure Industry

  • The infrastructure segment accounts for the largest share in the market and is also estimated to be the fastest-growing segment.
  • Rails, bridges, and roads constitute major segments of the infrastructure. With the increase in population, expansions in infrastructure have become an inevitable part of socio-economic development.
  • There are various small-scale projects spread across Asia-Pacific and North America.
  • Apart from being the most populous nation in the world, China also has the largest number of railroad passengers.
  • Moreover, road projects in Asia-pacific are also set to help increase the consumption of anti-corrosion coatings. Bharathmala project, in India, and the ongoing Belt and Road project, in China, are some of the expansions observed in the market.
  • The aforementioned factors are expected to increase the demand for anti-corrosion coatings in the forecast period.
Anti-Corrosion Coatings Market Revenue Share

Asia-Pacific Region to Dominate the Market

  • The global shipbuilding industry is expected to register a CAGR of 3% to 5% through the next five years, with Asia-Pacific registering the highest growth.
  • In Asia-Pacific, though China, Japan, and South Korea lead the shipbuilding industry, new shipping hubs are appearing in Vietnam, India, and the Philippines.
  • Australia and New Zealand are both island nations and the geographical scale of Australia’s coastline and waterways have resulted in a large number of recreational, commercial, and defense vessels.
  • Furthermore, the oil and gas sector occupies a good share of the anti-corrosion coating market, in terms of revenue.
  • China is the leading importer and exporter of crude oil in the world, thus, any changes affecting the expansion activities related to the oil and gas sector are likely to have a significant impact on the coating market in China.
  • Thus, the various industry is growing in the region. Such development in varied activities is expected to drive the anti-corrosion coatings market in the forecast period.
Anti-Corrosion Coatings Market Regional Trends

Competitive Landscape

The anti-corrosion coatings market is consolidated, and the major companies include PPG Industries Inc., AkzoNobel NV, Nippon Paints, RPM International Inc., the Sherwin-Williams Company, etc.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Offshore Production Activities

      2. 4.1.2 Expansion of Oil and Gas Activities in Asia-Pacific and North America

      3. 4.1.3 Growing Marine Industry in Asia-Pacific

      4. 4.1.4 Modernization of Infrastructure

    2. 4.2 Restraints

      1. 4.2.1 Decline in the Mining Sector across Asia-Pacific and North America

      2. 4.2.2 Regulations Related to VOCs

      3. 4.2.3 Rise in Prices of Raw Materials

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Resin Type

      1. 5.1.1 Epoxy

      2. 5.1.2 Polyester

      3. 5.1.3 Polyurethane

      4. 5.1.4 Vinyl Ester

      5. 5.1.5 Other Resin Types

    2. 5.2 By Technology

      1. 5.2.1 Water-borne

      2. 5.2.2 Solvent-borne

      3. 5.2.3 Powder

      4. 5.2.4 UV-cured

    3. 5.3 By End-user Industry

      1. 5.3.1 Oil and Gas

      2. 5.3.2 Marine

      3. 5.3.3 Power

      4. 5.3.4 Infrastructure

      5. 5.3.5 Industrial

      6. 5.3.6 Aerospace and Defense

      7. 5.3.7 Transportation

      8. 5.3.8 Other End-user Industries

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

        4. 5.4.2.4 Rest of North America

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 Italy

        4. 5.4.3.4 France

        5. 5.4.3.5 Rest of Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle East & Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 AkzoNobel NV

      2. 6.4.2 Arkema Group

      3. 6.4.3 BASF SE

      4. 6.4.4 Beckers Group

      5. 6.4.5 H.B. Fuller Company

      6. 6.4.6 HEMPEL AS

      7. 6.4.7 Jotun

      8. 6.4.8 Kansai Paint Co. Ltd

      9. 6.4.9 Nippon Paints

      10. 6.4.10 PPG Industries Inc.

      11. 6.4.11 RPM International Inc.

      12. 6.4.12 Sika AG

      13. 6.4.13 The Sherwin-Williams Company

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Investments in the Infrastructure Industry in the Emerging Economies of Asia-Pacific and South America

    2. 7.2 Power Plants Expected to Provide Growth to High-performance Anti-corrosion Coatings

**Subject to Availability

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Frequently Asked Questions

The Anti-corrosion Coatings Market market is studied from 2016 - 2026.

The Anti-corrosion Coatings Market is growing at a CAGR of >5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

PPG Industries Inc, AkzoNobel NV, Nippon Paints, RPM International Inc., The Sherwin-Williams Company are the major companies operating in Anti-corrosion Coatings Market.

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