Global Anti-Corrosion Coating Market

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Anti-Corrosion Coating Market 2026 by Global
Industry Outlook with Performance and
Growth "The global anti-corrosion coating market
was valued at USD 26.5 billion in 2018 and is
expected to reach USD 38.6 billion in 2026,
growing at a CAGR of 5.27 during the forecast
period." Rising investments in building and
infrastructure development and growing oil gas
exploration activities in global market is
resulting into growth of anti-corrosion coatings
market globally Anti-corrosion coatings are
employed in order to prevent the metallic
structure from getting corroded when in direct
contact with the oxidising environment. Growing
investments in building and infrastructure
development which is coupled with a rise in trend
for building renovation and modification works
across the developed as well as developing
economies are some of the key factors leading to
demand anti-corrosion coatings. Building and
infrastructure industry utilizes mild steel and
iron as key raw materials which are highly
susceptible to form oxidation layer on the
surface which leads to corrosion. Additionally,
rising competition in global industrial sectors
is forcing manufacturers to focus on improving
the profitability and longevity of their
products. Use of anti-corrosion coatings enables
improved reliability of machine components which
benefits in reduction of maintenance and repair
costs. Get Free Sample Report with Tables
and Figures_ https//www.alltheresearch.com/sample
-request/247 Recent years have witnessed a
surge in automotive production which has
supported the growth of global anti-corrosion
industry globally. On the other hand, the raw
materials used for the production of
anti-corrosion coatings have proven to be
hazardous when in direct contact with
environment and water which led the governing
authorities in various regions to impose
stringent regulations on the safe treatment of
production-related waste. This factor is
anticipated to provide a significant threat to
market growth in the near future. However,
research and development activities to form
bio-based coatings for corrosion resistance is
projected to offer multiple growth
opportunities. Anticorrosion coating is defined
as a layer of paint which enhances
corrosion-resistant properties of a material
when applied on its surface. These coatings are
characterized by properties such as resistance
to corrosion and abrasion, resistance to unwanted
chemical reactions, light in weight and sheen
retention among others. Anticorrosion coatings
are applied on metals such as mild steel and
iron which are more vulnerable to form oxidation
layer at the surface. Usually, heavy metals are
employed as raw materials to produce anti-
corrosion coatings. Zinc and Titanium are some of
the commonly used raw materials. Anticorrosion
coatings find major applications in sectors such
as automobiles, industrial machinery, buildings
and infrastructure, electronics, defense, marine,
and shipbuilding, among others. Out of these
applications, buildings and infrastructure are
the most common applications of anti-corrosion
coatings. Owing to the rising rate of
infrastructure
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• development in emerging economies which is
  coupled with the growing trend of carrying out
  building renovations in developed markets are
  some of the major factors contributing towards
  the growth of anti-corrosion coating market
  globally.
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• Company Profiles and Competitive Intelligence
• The major players operating in the global
  anti-corrosion coating market are PPG Industries,
  Inc., E.I. Du Pont De Nemours and Company,
  Axalta Coating Systems Ltd., The DOW Chemical
  Company, SK Formulations India Pvt. Ltd., The
  Sherwin-Williams Company, Kansai Paint Co.,
  Ltd., Nycote Laboratories, Inc., The Magni Group,
  Inc., and Akzonobel
• among others.
• The anti-corrosion coating industry is primarily
  driven by infrastructure growth in developing
  economies such as China and India, which made
  Asia Pacific region to be the largest regional
  market for the industry.
• Key Findings
• Based on type of anti-corrosion coating, the
  epoxy segment is expected to grow at the highest
  CAGR of around 8.2 during the forecast period
• Based on technology, the solvent segment
  dominated the global market by
• accounting more than 38 of the global market
  share in 2018 and it is anticipated to remain
  major shareholder during forecast period
• Based on end use industry, the building and
  infrastructure segment came out as a leading
  sector for the global anti-corrosion coatings
  market by accounting more
• than 27 of the total market, in 2018
• On the basis of region, Asia Pacific region which
  is fuelled by growth in infrastructure
  investments, accounted largest market share
  globally by accounting more than 40 share in
  2018
• Recent News

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