[221 Slides Report] Anti-Corrosion Coating Market is estimated to be USD 24.84 Billion in 2017 and is projected to reach USD 31.73 Billion by 2022, at a CAGR of 5.0% from 2017 to 2022. In this report, 2016 is considered as the base year and the forecast period is from 2017 to 2022.

1. MarketsandMarkets™
Presents
Anti-Corrosion Coating
Market by Type, Technology
& End-Use Industry
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2. Anti-Corrosion Coating Market worth 31.73 Billion USD by 2022
The report "Anti-Corrosion Coating Market by Type (Epoxy,
Polyurethane, Acrylic, Alkyd, Zinc), Technology (Solvent, Water,
Powder), End-Use Industry (Marine, Oil & Gas, Industrial,
Infrastructure, and Power Generation) - Global Forecast to
2022", The global anti-corrosion coating market is estimated to be
USD 24.84 Billion in 2017 and is projected to reach USD 31.73
Billion by 2022, at a CAGR of 5.0% from 2017 to 2022. Rising losses
due to corrosion are one of the most significant factors influencing
the growth of the global anti-corrosion coating market. In
addition, the growth of end-use industries such as power
generation and automotive & transportation is further driving the
demand for anti-corrosion coatings.
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3. Anti-Corrosion Coating Market worth 31.73 Billion USD by 2022
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156 data tables
74 figures
221 pages and in-depth TOC on “Anti-Corrosion Coating Market”
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[221 Slides Report] Anti-Corrosion Coating Market is estimated to be USD 24.84 Billion in
2017 and is projected to reach USD 31.73 Billion by 2022, at a CAGR of 5.0% from 2017 to
2022.
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Single User License : US $ 5650
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4. Anti-Corrosion Coating Market worth 31.73 Billion USD by 2022
The acrylic segment is expected to grow at the highest
CAGR between 2017 and 2022
Based on type, the global anti-corrosion coating market has
been segmented into epoxy, polyurethane, acrylic, alkyd,
zinc, chlorinated rubber, and others. The acrylic segment is
projected to grow at the highest CAGR from 2017 to 2022,
owing to the increased production of waterborne acrylic
coatings and stringent environmental regulations. In
addition, the rising demand for acrylic coatings from the
marine, oil & gas, and automotive & transportation industries
is also driving the growth of the acrylic segment.
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5. Anti-Corrosion Coating Market worth 31.73 Billion USD by 2022
The power generation segment is anticipated to be the fastest-growing end-
use industry segment of the global anti-corrosion coating market
The power generation segment is projected to be the fastest-growing end-use
industry segment of the global anti-corrosion coating market between 2017
and 2022. The growth of this segment can be attributed to the rise in demand
for harnessing renewable energy sources and the corrosive nature of industrial
equipment. The power generation segment in the Asia Pacific region is
expected to grow at the highest CAGR during the forecast period. The
dependency of Asia Pacific countries on conventional energy sources is
propelling the need to harness renewable energy sources, such as the wind
and solar energy. Installations of wind and solar energy systems in high
corrosion environments reduce the performance of these systems. Thus, the
need to protect these systems from corrosion is driving the demand for anti-
corrosion coatings in the power generation sector.
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6. Anti-Corrosion Coating Market worth 31.73 Billion USD by 2022
Asia Pacific is anticipated to be the fastest-growing market for
anti-corrosion coating during the forecast period
The anti-corrosion coating market in the Asia Pacific region is
projected to grow at the highest CAGR between 2017 and 2022.
The increasing demand for anti-corrosion coatings from various
end-use industries, such as automotive & transportation,
infrastructure, and power generation is contributing to the
growth of the anti-corrosion coating market in this region.
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7. Anti-Corrosion Coating Market worth 31.73 Billion USD by 2022
Currently, the global anti-corrosion coating market is led by
various market players, such as AkzoNobel N.V. (Netherlands),
PPG Industries, Inc. (US), Axalta Coating Systems Ltd. (US), BASF
SE (Germany), The Sherwin-Williams Company (US), Ashland Inc.
(US), Hempel A/S (Denmark), Jotun (Norway), RPM International
Inc. (US), and Kansai Paint Co., Ltd. (Japan).
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8. Anti-Corrosion Coating Market worth 31.73 Billion USD by 2022
MARKET LEADER
NEW PRODUCT LAUNCHES AND EXPANSIONS ARE KEY STRATEGIES ADOPTED
BY LEADING PLAYERS IN THE GLOBAL ANTI-CORROSION COATING MARKET.
The global anti-corrosion coating market is estimated to be USD 24.84 billion in
2017 and is projected to reach USD 31.73 billion by 2022, at a CAGR of 5.0%
from 2017 to 2022. This market has been segmented on the basis of type,
technology, end-use industry, and region. New product launches and
expansions are key growth strategies adopted by leading players to strengthen
their positions in the global anti-corrosion coating market. The maximum
number of strategic developments between 2014 and 2017 took place in North
America, followed by Europe and Asia Pacific.
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9. Anti-Corrosion Coating Market worth 31.73 Billion USD by 2022
Key players operating in the global anti-corrosion coating market are AkzoNobel N.V.
(Netherlands), PPG Industries, Inc. (US), Axalta Coating Systems Ltd. (US), BASF SE
(Germany), The Sherwin-Williams Company (US), Ashland Inc. (US), Hempel A/S
(Denmark), Jotun (Norway), RPM International Inc. (US), and Kansai Paint Co., Ltd.
(Japan).
PPG Industries, Inc. is a key player in the global anti-corrosion coating market. The
company has been focusing on new product launches and expansions as a part of its
strategic development activities. The company offers anti-corrosion coating products
based on epoxy, zinc, alkyd, and acrylic. It is also involved in R&D activities to develop
high-performance coatings for various applications. For instance, in May 2014, the
company launched MBE-200 2.1 VOC Epoxy Primer, which is the latest version of
premium commercial performance coatings. In January 2017, the company expanded
its high-performance waterborne and high-solids coatings production line in the Anhui
Province, China. This development strategy helped the company expand its automotive
coatings business in China.
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10. Anti-Corrosion Coating Market worth 31.73 Billion USD by 2022
AkzoNobel N.V. is another key manufacturer of anti-corrosion
coatings. The company has been focusing on new product
launches to strengthen its market position. The product portfolio
of the company includes anti-corrosion coatings based on epoxy,
acrylic, alkyd, and polyurethane. For instance, in July 2017, the
company launched a new multi-purpose Interstores Alkyd Primer
that is used in the marine industry. This development strategy
helped the company widen its customer base and enhance its
market share.
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11. Anti-Corrosion Coating Market worth 31.73 Billion USD by 2022
KEY REVENUE POCKETS
Rising losses due to corrosion are one of the most significant
factors anticipated to drive the growth of the global anti-
corrosion coating market
The global anti-corrosion coating market is estimated to be USD
24.84 billion in 2017 and is projected to reach USD 31.73 billion
by 2022, at a CAGR of 5.0% from 2017 to 2022. The market has
been segmented on the basis of type, technology, end-use
industry, and region.
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12. Anti-Corrosion Coating Market worth 31.73 Billion USD by 2022
The acrylic segment is anticipated to be the fastest-growing type
segment of the global anti-corrosion coating market. This growth
can be attributed to the increasing demand for acrylic coatings
from various end-use industries, such as industrial, infrastructure,
and automotive & transportation.
Based on technology, the waterborne technology is projected to
grow at the highest CAGR during the forecast period. The eco-
friendly nature of waterborne anti-corrosion coatings has
contributed to the growing demand for these coatings from
industrial and infrastructure industries, thereby influencing the
growth of the waterborne technology segment.
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13. Anti-Corrosion Coating Market worth 31.73 Billion USD by 2022
The power generation segment is projected to be the fastest-growing
end-use industry segment of the global anti-corrosion coating market.
This growth can be attributed to the high demand for anti-corrosion
coatings from coal-fired power plants as well as solar and wind energy
power plants.
The anti-corrosion coating market in the Asia Pacific region is
anticipated to grow at the highest CAGR from 2017 to 2022, owing to
the increasing demand for anti-corrosion coatings from the power
generation and automotive & transportation industries in this region. In
addition, the rising demand for epoxy anti-corrosion coatings across
various end-use industries has further provided lucrative growth
opportunities to manufacturers of anti-corrosion coatings in the Asia
Pacific region.
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14. Anti-Corrosion Coating Market worth 31.73 Billion USD by 2022
Key players operating in the global anti-corrosion coating market
include AkzoNobel N.V. (Netherlands), PPG Industries, Inc. (US),
Axalta Coating Systems Ltd. (US), BASF SE (Germany), The
Sherwin-Williams Company (US), Ashland Inc. (US), Hempel A/S
(Denmark), Jotun (Norway), RPM International Inc. (US), and
Kansai Paint Co., Ltd. (Japan). Most of these companies have
adopted new product launches and expansions as key growth
strategies to strengthen their presence in the global anti-
corrosion coating market. Furthermore, the demand for anti-
corrosion coatings from various end-use industries has propelled
R&D activities for the development of advanced anti-corrosion
coatings, thereby providing new growth avenues for anti-
corrosion coating manufacturers.
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15. Contact Us
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
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16. Thank You !
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