Market Size of Anti-Corrosion Coatings Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 25.80 Billion |
| Market Size (2029) | USD 32.01 Billion |
| CAGR (2024 - 2029) | 4.41 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Anti-Corrosion Coatings Market Analysis
The Anti-Corrosion Coatings Market size is estimated at USD 25.80 billion in 2024, and is expected to reach USD 32.01 billion by 2029, growing at a CAGR of 4.41% during the forecast period (2024-2029).
- The COVID-19 pandemic had a negative impact on the anti-corrosion coatings sector. Global lockdowns and severe rules enforced by governments resulted in a catastrophic setback as most production hubs were shut down. Nonetheless, the business has been recovering since 2021 and is expected to rise significantly in the coming years.
- Major factors driving the market are significant growth in the infrastructure industry, an increase in demand from the marine industry, and expansion of oil and gas activities in Asia-Pacific and North America.
- Regulations related to volatile organic compounds (VOCs) and is expected to hinder the growth of the market studied.
- Significant investments in the infrastructure industry in emerging economies and increased adoption of water-borne coatings are expected to provide remarkable growth opportunities in the anti-corrosion coatings market in the future.
- Asia-Pacific region is expected to dominate the anti-corrosion coatings markets due to the increase in investments in various end-user industries in the region during the forecast period.
