The corrosion protection coating market size is expected to see strong growth in the next few years. It will grow to $23.07 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to demand for eco-friendly coatings, expansion of the energy sector, growing focus on asset longevity, water and wastewater treatment, stringent environmental regulations. Major trends in the forecast period include shift towards waterborne coatings, advancements in nanotechnology, adoption of smart coatings, demand for uv-curable coatings, shift towards powder coatings, development of anti-corrosion coating technologies.
Order your report now for swift delivery @
https://www.thebusinessresearchcompany.com/report/corrosion-protection-coating-global-market-report
Scope Of Corrosion Protection Coating Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Corrosion Protection Coating Market Overview
Market Drivers –
The growing oil and gas industry is expected to propel the corrosion protection coatings market. Economic growth is a significant factor influencing demand for oil and gas products. This rising demand for oil and gas increases demand for corrosion protection coatings that aid in protecting steel structures in the oil and gas and petrochemical industries from corrosion. For instance, according to the U.S. Energy Information Administration, in 2021, the United States’ petroleum consumption averages about 19.78 million barrels per day (b/d), including about a million b/d of biofuels. The total petroleum consumption in the United States was approximately 8% higher in 2021 than in 2020. Therefore, the growing demand for oil and gas will drive the market for corrosion protection coatings.
Market Trends –
Technological innovations have emerged as a key trend gaining popularity in the corrosion protection coating market. Major companies operating in corrosion protection coatings are focused on providing innovative corrosion coating products to strengthen their market position. For instance, in June 2022, Hempel, a Denmark-based coating solution company, introduced a new fast-drying CUI coating, Hempaprime CUI 275. Hempaprime CUI 275 is a fast-drying, alkylamine-cured epoxy paint that increases productivity and improves corrosion protection at energy generation and oil and gas facilities by having extremely short overcoating intervals and broad temperature resistance.
The corrosion protection coating market covered in this report is segmented –
1) By Resin Type: Epoxy, Polyurethane, Zinc, Alkyd, Acrylic, Chlorinated Rubber, Other Types
2) By Technology: Water-based, Solvent-based, Powder-based, Other Technologies
3) By End-Use Industries: Marine, Oil and Gas, Petrochemical, Infrastructure, Power Generation, Water Treatment, Other End-users
Get an inside scoop of the corrosion protection coating market, Request now for Sample Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=8139&type=smp
Regional Insights –
Asia-Pacific was the largest region in the corrosion protection coating market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the corrosion protection coating market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the corrosion protection coating market report are Jotun A/S, Hempel A/S, RPM International Inc., Akzo Nobel N.V., The Sherwin-Williams Company, BASF SE, Axalta Coating Systems LLC, PPG Industries Inc., 3M Company, Koninklijke DSM N.V., Heubach GmbH, Renner Herrmann S.A., The Magni Group Inc., Wacker Chemie AG, Bluechem Group, Nippon Paint Holdings Co. Ltd., Rust-Oleum Corporation, Krylon Products Group, Valspar Corporation, Henkel AG & Co. KGaA, Sika AG, The Dow Chemical Company, Covestro AG, Berger Paints India Limited, Chugoku Marine Paints Ltd., Hempel (USA) Inc., Carboline Company, International Paint Ltd., Sherwin-Williams Protective & Marine Coatings, Tnemec Company Inc., Ameron International Corporation
Table of Contents
1. Executive Summary
2. Corrosion Protection Coating Market Report Structure
3. Corrosion Protection Coating Market Trends And Strategies
4. Corrosion Protection Coating Market – Macro Economic Scenario
5. Corrosion Protection Coating Market Size And Growth
…..
27. Corrosion Protection Coating Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Read Related Topics:
https://goodprnews.com/autoimmune-treatment-market-size/
https://goodprnews.com/autonomous-navigation-market-share/
https://goodprnews.com/behavioral-biometrics-market-size/
https://topprnews.com/autoimmune-treatment-market-share/
https://topprnews.com/autonomous-navigation-market-growth/
https://topprnews.com/behavioral-biometrics-market-growth/
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
