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Corrosion Protection Coatings Trends and Forecast
The future of the global corrosion protection coatings market looks promising with opportunities in the marine, oil & gas, petrochemical, infrastructure, power generation, and water treatment markets. The global corrosion protection coatings market is expected to reach an estimated $11.9 billion by 2030 with a CAGR of 3.1% from 2024 to 2030. The major drivers for this market are rising harm and losses attributed to corrosion escalation and growing demand for streamlined processes and extended equipment lifespan.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Corrosion Protection Coatings by Segment
The study includes a forecast for the global corrosion protection coatings by technologies, resin type, end use, and region.
Corrosion Protection Coatings Market by Technologies [Shipment Analysis by Value from 2018 to 2030]:
• Water-Based
• Solvent-Based
• Powder
• Others
Corrosion Protection Coatings Market by Resin Type [Shipment Analysis by Value from 2018 to 2030]:
• Epoxy
• Polyurethane
• Acrylic
• Alkyd
• Zinc
• Chlorinated Rubber
• Others
Corrosion Protection Coatings Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Marine
• Oil & Gas
• Petrochemical
• Infrastructure
• Power Generation
• Water Treatment
• Others
Corrosion Protection Coatings Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Corrosion Protection Coatings Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies corrosion protection coatings companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the corrosion protection coatings companies profiled in this report include-
• Akzo Nobel
• PPG Industries
• Jotun
• The Sherwin-Williams
• Kansai Paint
Corrosion Protection Coatings Market Insights
Lucintel forecasts that solvent-based is expected to witness the highest growth over the forecast period due to high usage in the application, drying, and film formation process.
Within this market, infrastructure will remain the largest segment due to growing investments in the infrastructure sectors.
APAC is expected to witness highest growth over the forecast period due to high demand for corrosion protective coating.
Features of the Global Corrosion Protection Coatings Market
Market Size Estimates: Corrosion protection coatings market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Corrosion protection coatings market size by technologies, resin type, end use, and region in terms of value ($B).
Regional Analysis: Corrosion protection coatings market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different technologies, resin type, end use, and regions for the corrosion protection coatings market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the corrosion protection coatings market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the corrosion protection coatings market size?
Answer: The global corrosion protection coatings market is expected to reach an estimated $11.9 billion by 2030.
Q2. What is the growth forecast for corrosion protection coatings market?
Answer: The global corrosion protection coatings market is expected to grow with a CAGR of 3.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the corrosion protection coatings market?
Answer: The major drivers for this market are rising harm and losses attributed to corrosion escalation and growing demand for streamlined processes and extended equipment lifespan.
Q4. What are the major segments for corrosion protection coatings market?
Answer: The future of the corrosion protection coatings market looks promising with opportunities in the marine, oil & gas, petrochemical, infrastructure, power generation, and water treatment markets.
Q5. Who are the key corrosion protection coatings market companies?
Answer: Some of the key corrosion protection coatings companies are as follows:
• Akzo Nobel
• PPG Industries
• Jotun
• The Sherwin-Williams
• Kansai Paint
Q6. Which corrosion protection coatings market segment will be the largest in future?
Answer: Lucintel forecasts that solvent-based is expected to witness the highest growth over the forecast period due to high usage in the application, drying, and film formation process.
Q7. In corrosion protection coatings market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to high demand for corrosion protective coating.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the corrosion protection coatings market by technologies (water-based, solvent-based, powder, and others), resin type (epoxy, polyurethane, acrylic, alkyd, zinc, chlorinated rubber, and others), end use (marine, oil & gas, petrochemical, infrastructure, power generation, water treatment, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Corrosion Protection Coatings Market, Corrosion Protection Coatings Market Size, Corrosion Protection Coatings Market Growth, Corrosion Protection Coatings Market Analysis, Corrosion Protection Coatings Market Report, Corrosion Protection Coatings Market Share, Corrosion Protection Coatings Market Trends, Corrosion Protection Coatings Market Forecast, Corrosion Protection Coatings Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Corrosion Protection Coatings Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Corrosion Protection Coatings Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Corrosion Protection Coatings Market by Technologies
3.3.1: Water-based
3.3.2: Solvent-based
3.3.3: Powder
3.3.4: Others
3.4: Global Corrosion Protection Coatings Market by Resin Type
3.4.1: Epoxy
3.4.2: Polyurethane
3.4.3: Acrylic
3.4.4: Alkyd
3.4.5: Zinc
3.4.6: Chlorinated Rubber
3.4.7: Others
3.5: Global Corrosion Protection Coatings Market by End Use
3.5.1: Marine
3.5.2: Oil & Gas
3.5.3: Petrochemical
3.5.4: Infrastructure
3.5.5: Power Generation
3.5.6: Water Treatment
3.5.7: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Corrosion Protection Coatings Market by Region
4.2: North American Corrosion Protection Coatings Market
4.2.2: North American Corrosion Protection Coatings Market by End Use: Marine, Oil & Gas, Petrochemical, Infrastructure, Power Generation, Water Treatment, and Others
4.3: European Corrosion Protection Coatings Market
4.3.1: European Corrosion Protection Coatings Market by Technologies: Water-based, Solvent-based, Powder, and Others
4.3.2: European Corrosion Protection Coatings Market by End Use: Marine, Oil & Gas, Petrochemical, Infrastructure, Power Generation, Water Treatment, and Others
4.4: APAC Corrosion Protection Coatings Market
4.4.1: APAC Corrosion Protection Coatings Market by Technologies: Water-based, Solvent-based, Powder, and Others
4.4.2: APAC Corrosion Protection Coatings Market by End Use: Marine, Oil & Gas, Petrochemical, Infrastructure, Power Generation, Water Treatment, and Others
4.5: ROW Corrosion Protection Coatings Market
4.5.1: ROW Corrosion Protection Coatings Market by Technologies: Water-based, Solvent-based, Powder, and Others
4.5.2: ROW Corrosion Protection Coatings Market by End Use: Marine, Oil & Gas, Petrochemical, Infrastructure, Power Generation, Water Treatment, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Corrosion Protection Coatings Market by Technologies
6.1.2: Growth Opportunities for the Global Corrosion Protection Coatings Market by Resin Type
6.1.3: Growth Opportunities for the Global Corrosion Protection Coatings Market by End Use
6.1.4: Growth Opportunities for the Global Corrosion Protection Coatings Market by Region
6.2: Emerging Trends in the Global Corrosion Protection Coatings Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Corrosion Protection Coatings Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Corrosion Protection Coatings Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Akzo Nobel
7.2: PPG Industries
7.3: Jotun
7.4: The Sherwin-Williams
7.5: Kansai Paint
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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