Anti-Corrosion Coatings Market Size, Share, Trends, Outlook, Growth Opportunities, and Forecast 2023 - 2030

Global Anti-Corrosion Coatings Market is segmented By Type ( Acrylic, Alkyd, Chlorinated Rubber, Polyurethane, Epoxy, Zinc, and others), By Technology ( Powder-based Anti-corrosion, Waterborne Anti-Corrosion, Solventborne Anti-Corrosion, and others), By End-Use Industry ( Automotive & Transportation, Industrial, Infrastructure, Marine, Oil & Gas, Power Generation, and others ) and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030 

Anti-Corrosion Coatings Market Report Overview

Report analyses the Global Anti-Corrosion Coatings Market size, shares, recent trends, competitive intelligence, and future market outlook. Anti-Corrosion Coatings usage in metal surfaces protection from corrosion is on the rise. Demand from Marine, Automotive & Transportation, Infrastructure, Power Generation in Asia Pacific is spiking. Competitive rivalry intensifies with Heubach Color, Nycote Laboratories, Inc, Magni Group, Inc and others operating in the market.

Anti-Corrosion Coatings Market Scope and Summary

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Anti-Corrosion Coatings Market Dynamics and Trends

• The continuous growth of oil and gas, power, industrial and infrastructure industries which are growth areas for anti-corrosive coatings is increasing its global demand.
• These coatings help in the protection of metal surfaces from corroding in high-risk (corrosive) environments.
• Corrosion is the most common problem for industries in Marine, Oil & Gas, Industrial, Infrastructure, Power Generation, Automotive & Transportation.
• Protective coatings play a key role in corrosion protection.
• Their ability to resist corrosion depends on various parameters like fundamental corrosion protection through a galvanic, barrier, or inhibition effects, and good adhesion properties, mechanical strength, and resistance against cracking.

Anti-Corrosion Coatings Market Segmentation

• Anti-Corrosion Coatings Market is segmented by type into Acrylic, Alkyd, Chlorinated Rubber, Polyurethane, Epoxy, Zinc, and Others.
• Further, the market is segmented based on technology into Powder-based, Waterborne, Solventborne, and others.
• In addition, the market is also classified based on end-use such as Marine, Oil & Gas, Industrial, Infrastructure, Power Generation, Automotive & Transportation, and others.
• The report segments the geographies by region, which include North America, South America, Europe, Asia Pacific, and RoW.

Anti-Corrosion Coatings Market Geographical Analysis

• Geographically, Asia-Pacific dominates the global anti-corrosion coatings market, where China has a major share of over 40%.
• This region has global marine, energy, and power industries which contribute to the growth of the market.
• Asia-Pacific Anti-Corrosion Coatings market is dominated by five major players: Nippon Paint (including Nipsea JVs), AkzoNobel, Kansai Paint, PPG, and Asian Paints which accounted for over 25% of the total sales.d.
• This region covers most of the global marine, energy, and power industries which help maintain its global position over the years. The majority share is taken by China with 43% of the total market share.
• In China, Oil and Gas & Construction industries are leading the market with a 21% share each, followed by Chemicals and Marine with 20% and 12% respectively.

Anti-Corrosion Coatings Companies and Competitive Landscape

Major Players are Nippon Paint (including Nipsea JVs), AkzoNobel, Kansai Paint, PPG, and Asian Paints are the five largest suppliers of coatings in the Asia-Pacific region, and together they capture 28% of the total sales.