In a recent published report, Kenneth Research has updated the market report for Anti-Corrosion Coatings Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Anti-Corrosion Coatings Market products.
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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global Anti-Corrosion CoatingsMarket is estimated to reach $37.59 billion by 2025; growing at a CAGR of 5.2% from 2017 to 2025. Anti-corrosion coatings offer protection to metal surfaces from moisture, humidity, salt water, oxidation, & from variety of environmental or industrial chemicals. These coatings act as a barrier to prevent the interaction between the corrosive materials or chemical compounds. These coatings provide high chemical & temperature resistance, and high mechanical strength. The improved anti-corrosion property, as well as enhanced finishing ability to the metal structures. The requirement of improved infrastructure has increased owing to the growing investments and rising number of industries, this act as a driving force for the growth of the anti-corrosion coatings market over the forested period. Various types of anti-corrosion coatings like zinc, epoxy, alkyd, polyurethane, acrylic, chlorinated rubber, silicates, and fluorocarbons are widely used for industrial purposes.
global-anti-corrosion-coatings-market-size-and-forecast-2016-2025
Various factors driving the growth of the global anti-corrosion coatings market include upgradation of infrastructure, increasing losses owing to corrosion, and growing end-use industries. Though, environmental regulations might impact the growth of the anti-corrosion coatings market adversely. However, emergent regions and demand about high-efficiency anti-corrosion coatings would offer more growth opportunities for the players of this market over the forecasted years.
The global anti-corrosion coatings market is classified on the basis of type, technology, end use industry, and geography. The anti-corrosion coatings market is segmented by type into polyurethane, epoxy, acrylic, alkyd, chlorinated rubber, zinc, and other types. Technology is further segmented into waterborne, solvent-borne, and powder coating. Further, the market is segmented by end use industry as oil & gas, marine, industrial, infrastructure, automotive & transportation, power generation, and other end use industries.
global-anti-corrosion-coatings-market-by-type
Geographically, the global anti-corrosion coatings market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S., Canada, and Mexico whereas Europe segment consist of UK, Russia, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
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global-anti-corrosion-coatings-market-regional-revenue-2017-vs-2025
Major players operating in this market are Axalta Coating Systems, AkzoNobel N.V., PPG Industries, Inc., Ashland Inc., BASF SE, Hempel A/S, The Sherwin-Williams Company, Jotun, Kansai Paint Co., Ltd., and RPM International Inc., among others.
The key takeaways from the report
The report will provide detailed analysis of Global Anti-Corrosion Coatings Market with respect to major segments such as type, technology, and end use industry
The report will include the qualitative and quantitative analysis with market estimation over 2016 – 2025 and compound annual growth rate (CAGR) between 2017 and 2025
Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Global Anti-Corrosion Coatings Market has been included in the report
Profile of the key players in the Global Anti-Corrosion Coatings Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Anti-Corrosion Coatings Market
Type Segments
Polyurethane
Epoxy
Acrylic
Alkyd
Chlorinated Rubber
Zinc
Other Types
Technology Segments
Waterborne
Solvent-borne
Powder Coating
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End Use Industry Segments
Oil & Gas
Marine
Industrial
Infrastructure
Automotive & Transportation
Power Generation
Other End Use Industries
Geographical Segments
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
RoW
South America
Middle East
Africa
Table of Contents
Chapter 1 Prefix
1.1 Market Scope
1.2 Report Description
1.3 Research Methodology
1.3.1 Primary Research
1.3.2 Secondary Research
1.3.3 In-house Data Modeling
Chapter 2 Executive Summary
2.1 Global Anti-Corrosion Coatings Market Year-on-Year Growth, 2017 – 2025 (%)
Chapter 3 Market Outline
3.1 Market Inclination, Trend, Outlook and Viewpoint
3.2 Market Share Analysis: Company’s Competitive Scenario
3.3 Market Dynamics
3.3.1 Drivers
3.3.1.1 Impact Analysis
3.3.2 Restraints
3.3.2.1 Impact Analysis
3.3.3 Opportunities
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