Global Anti-Corrosion Coatings Market 2017-2021 By Product, End-User & Key Vendors

The global anti-corrosion coatings market to grow at a CAGR of 5.33% during the period 2017-2021.

Global Anti-corrosion Coatings Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

According to the report, one of the major drivers for this market is Growth in marine industry. Anti-corrosion coatings are extensively used in the marine industry and are mainly used for commercial ships and vessels such as freight carriers, cruise ships, tows, yachts, and boats. These coatings protect hulls and yachts from deterioration or corrosion caused by extremely harsh conditions such as high temperature, varying pressure, high content of salt in water, and organic development caused by moisture. Anti-corrosion coatings applied on several parts of the ships increase their lifespan and durability.

The latest trend gaining momentum in the market is Increasing demand for waterborne anti-corrosion coatings. Waterborne anti-corrosion coatings are in high demand as these comply with the stringent VOC emission control guidelines. These coatings have very low levels of volatile organic compounds (VOCs) and hazardous air pollutants (HAPs). The water-based coatings improve the lifespan and durability of the products.

Further, the report states that one of the major factors hindering the growth of this market is Fluctuating prices of raw materials. Unswerving price variations of raw materials used in the manufacture of anti-corrosion pose serious challenges to the manufacturers of anti-corrosion coatings. Benzene, toluene, ethylene, and naphthalene are the major raw materials used in the production of anti-corrosion coatings and are extracted from petrochemical derivatives. The prices of these petrochemical derivatives are highly dependent on the prices of crude oil and natural gas.

Key vendors

Other prominent vendors

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Introduction

Part 04: Market Landscape

Part 05: Market Segmentation By Product

Part 06: Market Segmentation By End-User

Part 07: Geographical Segmentation

Part 08: Decision Framework

Part 09: Drivers And Challenges

Part 10: Market Trends

Part 11: Vendor Landscape

Part 12: Key Vendor Analysis

Part 13: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/9pzmxx/global

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