Rise in Demand for Acrylic Coatings to Drive High-performance Anti-corrosion Coatings Market During Forecast Period, Opines TMR
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ALBANY, N.Y., Aug. 18, 2021 /PRNewswire/ -- High-performance anti-corrosion coatings are increasingly utilized by companies engaged in diverse sectors, including oil refineries, chemical plants, pulp & paper mills, public utility works, other facilities. The product is gaining traction, owing to its ability to protect tanks, concrete & metal structures, processing equipment, pipes from deterioration, which generally occur due to exposure to different corrosive environments.
Urethane, epoxy, and acrylic are some of the product types available in the high-performance anti-corrosion coatings market.
Transparency Market Research (TMR) has released a new study on the global high-performance anti-corrosion coatings market. This study states that the market will expand at a CAGR of over 5% during the forecast period of 2019–2027.
High-performance Anti-corrosion Coatings Market: Key Findings
Acrylic coatings are one of the high-demand products in the market. One of the key factors for the increased product demand includes its ability to provide superior mechanical and structural characteristics in comparison with other anti-corrosion coatings, including vinyl and alkyd coatings. Moreover, acrylic coatings are gaining traction, owing to their chemically inert nature and high color retention rate.
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In the recent years, there has been a significant growth in the repair and maintenance activities across the oil & gas industry, particularly for offshore installation machinery, oil drilling equipment, transmission pipelines, and process vessels. This factor is projected to create high demand for high-performance anti-corrosion coatings in the oil & and gas industry in the upcoming years.
High-performance Anti-corrosion Coatings Market: Growth Boosters
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High-performance Anti-corrosion Coatings Market: Key Players
The report profiles key players operating in the high-performance anti-corrosion coatings market. Thus, the section includes complete data on several important facets such as recent developments, key product offerings, financials, and strategies of each player operating in the market.
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Some of the key players profiled in the report include:
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