The global anti corrosion coating for stainless market is forecast to reach USD 32.34 Billion by 2027, according to a new report by Reports and Data. The anti corrosion coating for stainlesss are widely used across the transportation, manufacturing, aerospace, oil & gas, infrastructure, chemical, energy, marine, and shipbuilding sectors. Corrosion protective coatings account for a meaningful share in the industrial coatings industry on account of several aspects. These include UV light, chemicals and heat resistance, improved toughness, and dimensional stability. In extension, superior weathering resistance to spillage of chemicals and mild industrial environment coupled with higher adhesion of these products to steel structures at raised temperatures is likely to improve the demand. Rising demand for VOC free powder and fusion bonded epoxy products from manufacturers, including pipeline development and oil & gas on account of superior sealing and corrosion inhibition, is expected to propel the industry over the next eight years. Rising demand for waterborne products on account of low toxicity and flammability and reduced discharges of toxic gases is expected to drive the demand over the forecast period.

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The basic objective of this report is to deliver details pertaining to the growth of this market, with respect to the rising demand from various sectors. The market report comprises an in-depth study of the current trends, growth opportunities, sectors likely to depict high growth prospects, industry drivers, and more, that would help shareholders undertake major decisions. 

This report also focuses on the anti corrosion coating for stainless Market size with respect to the volume and value – at the regional, company, and worldwide levels. Market strategies are undertaken, with regard to the current and future industry scenarios have also been enlisted in the study. 

Market Overview:

The chemicals and materials industry has witnessed significant revenue growth over the recent past owing to increasing demand for chemicals, raw materials, consumer products such as perfumes, soaps, and detergents, and plastics from various end-use industries. Chemicals and materials are widely used in various consumer goods and different sectors such as agriculture, construction, and petroleum refining, among others. Polymers occupy the largest revenue share of the global chemicals industry owing to increasing demand from the packaging industry, construction markers, and home furnishing, among others. The increasing availability of raw materials at affordable costs, lower labor, and energy costs, and rapid economic growth in developing regions is a key factor boosting revenue growth of the chemicals and materials industry and the trend is expected to continue going ahead.

The report further offers an in-depth analysis of key regions in the market along with the analysis of import/export, production and consumption ratio, supply and demand, cost, price, estimated revenue, and gross margins. It also studies the presence of key players in each region along with macro-and micro-economic growth factors, regulatory framework, and investment and funding opportunities in each major region.

Further key findings from the report suggest

  • The market vale of the technology sub-segment solvent-based will change from 63.8% in 2019 to 64.0% in 2027, with a percentage of 13.7%, which will cover all the metal-based industry for corrosion protection.
  • Asia Pacific anti-corrosion coatings market share is anticipated to register an annual growth rate of 7.5% over the coming years. The growth can be attributed to the expanding construction sector across this region.
  • The marine segment accounted for 15.1% of the overall volume in 2019 and expected to grow at an estimated CAGR of 7.2% from 2019 to 2027. Rising demand for large capacity commercial ships on account of the growing tourism industry globally is expected to fuel demand over the forecast period
  • The Resin type’s subcategory Epoxy segment has been gradually increasing and is estimated to reach up to 7.6% of CAGR.

Top Players in the Global anti corrosion coating for stainless Market:

Jotun (Norway), Hempel A/S Ashland Inc. (US) , RPM International , Sherwin-Williams , The Sherwin-Williams Company, BASF SE (Germany), Axalta Coating Systems Ltd. (US), PPG Industries , and AkzoNobel N.V. among others.

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anti corrosion coating for stainless Market Segmentation:

Resin Outlook (Revenue, USD Billion; 2017-2027)

  • Polyurethane
  • Alkyd
  • Epoxy
  • Acrylic
  • Others (silicone and zinc)

Technology Type Outlook (Revenue, USD Billion; 2017-2027)

  • Powder-based
  • Water-based
  • Solvent-based

Application Outlook (Revenue, USD Billion; 2017-2027)

  • Marine
  • Oil & Gas
  • Automotive
  • Industrial
  • Building & Construction
  • Others (aerospace and defense)

Global anti corrosion coating for stainless Market Report: Regional Segmentation

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • Italy
    • France
    • BENELUX
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • U.A.E.
    • South Africa
    • Rest of MEA

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Frequently Asked Questions Answered in the Report:

  • What is the estimated revenue growth rate of the global anti corrosion coating for stainless market over the forecast period?
  • What are the major factors driving the global market revenue growth?
  • Which are the leading manufacturers and suppliers in the global anti corrosion coating for stainless market?
  • Which regional market is expected to lead in terms of revenue share in the global anti corrosion coating for stainless market over the forecast years?
  • What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?

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