Anticorrosion Coatings: Global Markets

Report Highlights

The global market for anticorrosion coatings should grow from $28.4 billion in 2022 to $34.0 billion by 2027 with compound annual growth rate (CAGR) of 3.7% for the period of 2022-2027.

Report Includes

• 52 data tables and 31 additional tables
• An updated overview of the global market for anticorrosion coatings
• Estimation of the market size and analyses of global market trends, with data from 2021, estimates for 2022, with projections of compound annual growth rates (CAGRs) through 2027
• Detailed insights into factors driving and restraining the growth of the global anticorrosion coatings market and a country-level market value analysis for each segment
• Highlights of the market potential of anticorrosion coatings, along with global market share analysis on the basis of product type, technology, end-user with major regions and countries involved
• Information on market opportunities, prospects and threats, new and upcoming technologies, regulatory developments, and demographic shifts that are affecting the market
• Industry value chain analysis of global anticorrosion coatings market providing a systematic study of the key intermediaries involved, which could further assist stakeholders in formulating appropriate strategies
• Market share analysis of the key companies of the industry and coverage of their proprietary technologies, strategic alliances, and other key market strategies
• Comprehensive company profiles of the leading players of the industry, including The Dow Chemical Company, The Sherwin-Williams Company, Wacker Chemie AG, Hempel A/S, AkzoNobel N.V. and 3M

Report Scope

The scope of this report is broad and covers various product types used across anticorrosion coating applications and end-user segments. This report classifies the product types as epoxy, polyurethane, acrylic, alkyd, zinc, chlorinated rubber, and others, in an effort to help companies and investors prioritize product opportunities and strategic movements.

End-user industries covered include marine, oil and gas, industrial manufacturing, construction, energy, automotive and others. These sectors consume anticorrosion coatings for applications such as heat exchangers, cooling towers, boilers, effluent water treatment plants, pipelines, drill equipment and rails that require specialized coating technologies to deal with corrosion resistance boosting for operational performance to be delivered by each of these major assets. Every component of an asset has a lifetime cost attached to it, and the life cycle purely depends on the regular maintenance work performed on the asset.

The market segmentation is further classified into technology-based waterborne, solvent-borne,
powder coating and others. Solvent-based anticorrosion coatings contain a high amount of VOCs that are hazardous to human health and the environment. Water-borne coatings are gaining in popularity due to their properties, such as low VOC content in comparison with solvent-borne coatings. Powder coatings are used for metal protective coating applications as they deliver superior results, and in terms of color they stay bright and fresh for a long period.

Revenues are reported and estimated from 2021 to 2027 and given for each product type and end-user with estimated values derived from the companies’ total revenues.

The report also includes a discussion of the leaders in each regional market. Further, it explains the major drivers and regional dynamics of the global market for anticorrosion coatings and current industry trends.

The report offers a focus on the vendor landscape and concludes with profiles of the major vendors in the global market.

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.

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