Scienza e Tecnologia
Corrosion Protection Coating Market worth $12.3 billion by 2027 - Exclusive Report by MarketsandMarkets™
https://www.marketsandmarkets.com/Market-Reports/corrosion-protection-coating-market-150815310.html
The epoxy corrosion protection coatings segment accounted for the largest share of the market in 2021. The higher demand for epoxy is majorly attributed to its superior corrosion protection, water resistance, and widespread applications. Epoxies are tough against most chemicals and make excellent corrosion protection coatings.
Based on technology, the water-based segment is estimated to observe high growth due to the growing demand from the industrial and infrastructure sectors. The water-based corrosion protection coatings technology uses water as the primary solvent. The coating includes up to 80% water; therefore, no solvent is required when using this technology. It is environmentally friendly, as it emits lesser VOC. However, this technology needs to be further improved to enhance the performance of water-based coatings over solvent-based coatings and to decrease the cost of production.
Based on end-use industry, oil & gas is projected to account for the largest share during the forecast period. In this industry, intense and hazardous operations are carried out. Corrosion protection coatings are used in the oil & gas pipelines (new & repair), which include land-based & offshore activities. This industry is growing rapidly, as many refineries worldwide are converting into integrated plants. This has enabled in the development of infrastructure, which has contributed to the growth of the corrosion protection coatings market.
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Asia Pacific is the fastest-growing corrosion protection coatings market globally. This is mainly due to economic growth, followed by large investments across all industries such as petrochemical, oil & gas, infrastructure, power generation, and industrial. Asia Pacific is the more promising market and is expected to be the same during the forecast period.
Major players operating in the corrosion protection coatings market include AkzoNobel N.V. ( Netherlands ), PPG Industries, Inc., (US), Jotun Group ( Norway ), The Sherwin-Williams Company (US), Kansai Paint Co., Ltd ( Japan ), Hempel Group ( Denmark ), Chugoku Marine Paints ( Japan ), Axalta Coating Systems (US), Nippon Paint Holdings Co., Ltd. ( Japan ) and Teknos ( Finland ).
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by Type (Epoxy, Polyurethane, Acrylic, Alkyd, Zinc), Technology (Solvent, Water, Powder), End-Use Industry (Marine, Oil & Gas, Industrial, Infrastructure, and Power Generation) - Global Forecast to 2022
https://www.marketsandmarkets.com/Market-Reports/anti-corrosion-coating-market-155215822.html
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