Reports
Sale
Global Anti-Corrosion Coating Market Size, Share, Price, Trends, Forecast: By Product Type: Epoxy, Polyurethane, Acrylic, Alkyd, Zinc, Chlorinated Rubber, Others; By Technology: Solvent-borne, Waterborne, Powder Coatings, Others; By End Use: Marine, Oil and Gas, Industrial, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Anti-Corrosion Coating Market Outlook
The global anti-corrosion coating market size reached nearly USD 31.84 billion in 2023. The market is projected to grow at a CAGR of 6.5% between 2024 and 2032 to reach a value of around USD 56.13 billion by 2032.
Key Trends in the Market
Anti-corrosion coating refers to a type of coating which shields a surface from moisture, salt, and oxidation, among several chemicals. Anti-corrosion coating is usually applied to a metal surface to provide a barrier against corrosive materials.
- The heightened demand for anti-corrosion coatings, such as polyurethane, in consumer electronics, like power refrigerators, freezers, water heaters, and washing machines, among others, is driving the anti-corrosion coating market growth.
- Rapid development of automobiles with specialised coatings to improve their performance and prevent the corrosion of metal surfaces is a crucial driver of the market.
- One of the significant anti-corrosion coating market trends include the rising usage of the product in the production of marine vessels and warships. Moreover, the increasing naval expenditure of sovereign military powers is contributing to the expansion of the market for anti-corrosion coatings.
- Anti-corrosion coatings are gaining traction in the construction sector to protect steel and other metallic structures from aggressive influences of the surrounding atmosphere. In this regard, the rapid urbanisation across developed and developing economies is further aiding the anti-corrosion coating market demand.
Market Analysis
Based on product type, the market is segmented into epoxy, polyurethane, acrylic, alkyd, zinc, and chlorinated rubber, among others. On the basis of technology, the anti-corrosion coating market segmentations include solvent-borne, waterborne, and powder coatings, among others.
By end use, the market is classified into marine, oil and gas, industrial, construction, energy, and automotive, among others. The major regional markets for anti-corrosion coating include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global anti-corrosion coating market report, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- BASF SE
- Axalta Coating Systems LLC
- PPG Industries, Inc.
- The Dow Chemical Company
- Hempel A/S
- Nippon Paint Holdings Co., Ltd.
- The Sherwin-Williams Company
- Akzo Nobel N.V.
- Wacker Chemie AG
- 3M Co.
- Others
Market Share by Product Type
Epoxy coating accounts for a significant portion of the anti-corrosion coating market share. This can be attributed to the durability and high resistance to chemicals offered by epoxy coating. It is also an ideal floor coating material as it provides a smooth finished surface with high aesthetic appeal.
In addition, epoxy coating is easy to clean, eco-friendly, and offers resistance to oil, stains, and water. Over the forecast period, the anticipated increase in the demand for high-gloss surfaces across the commercial and residential sectors is likely to heighten the growth of this segment.
Market Share by End Use
As per the anti-corrosion coating market analysis, the energy sector holds a sizeable share due to the thriving power generation sector across emerging economies amid the global increase in demand for energy. Additionally, anti-corrosion coatings are witnessing a heightened application across solar and wind power plants to enhance their operability and efficiency.
Furthermore, the rising investments towards the development of power plants to meet the growing energy demand from the industrial sector are expected to further generate the demand for anti-corrosion coatings in the forecast period.
Competitive Landscape
BASF SE is a leading chemicals company that manufactures and markets chemicals, plastics, special corrosion protection coatings, and crop protection products, among others. It was founded in 1865 and is headquartered in Ludwigshafen, Germany.
Axalta Coating Systems LLC is a renowned paint and coating manufacturer thar caters to the coating demands of various sectors, including industrial and commercial. It was established in 1866 and is headquartered in Pennsylvania, the United States.
PPG Industries, Inc. is a leading paints and coatings manufacturer which supplies paints, coatings, and speciality materials, among others. The company was founded in 1883 and is headquartered in Pennsylvania, the United States.
Other anti-corrosion coating market players include The Dow Chemical Company, Hempel A/S, Nippon Paint Holdings Co., Ltd., The Sherwin-Williams Company, Akzo Nobel N.V., Wacker Chemie AG, and 3M Co., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by Technology |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Anti-Corrosion Coating Market Analysis
8.1 Key Industry Highlights
8.2 Global Anti-Corrosion Coating Historical Market (2018-2023)
8.3 Global Anti-Corrosion Coating Market Forecast (2024-2032)
8.4 Global Anti-Corrosion Coating Market by Product Type
8.4.1 Epoxy
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Polyurethane
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Acrylic
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Alkyd
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Zinc
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Chlorinated Rubber
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Others
8.5 Global Anti-Corrosion Coating Market by Technology
8.5.1 Solvent-borne
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Waterborne
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Powder Coatings
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Anti-Corrosion Coating Market by End Use
8.6.1 Marine
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Oil and Gas
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Industrial
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Construction
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Energy
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Automotive
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.6.7 Others
8.7 Global Anti-Corrosion Coating Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Anti-Corrosion Coating Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Anti-Corrosion Coating Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Anti-Corrosion Coating Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Anti-Corrosion Coating Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Anti-Corrosion Coating Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 BASF SE
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Axalta Coating Systems LLC
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 PPG Industries, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 The Dow Chemical Company
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Hempel A/S
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Nippon Paint Holdings Co., Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 The Sherwin-Williams Company
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Akzo Nobel N.V.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Wacker Chemie AG
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 3M Co.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Anti-Corrosion Coating Market: Key Industry Highlights, 2018 and 2032
2. Global Anti-Corrosion Coating Historical Market: Breakup by Product Type (USD Billion), 2018-2023
3. Global Anti-Corrosion Coating Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
4. Global Anti-Corrosion Coating Historical Market: Breakup by Technology (USD Billion), 2018-2023
5. Global Anti-Corrosion Coating Market Forecast: Breakup by Technology (USD Billion), 2024-2032
6. Global Anti-Corrosion Coating Historical Market: Breakup by End Use (USD Billion), 2018-2023
7. Global Anti-Corrosion Coating Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8. Global Anti-Corrosion Coating Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Anti-Corrosion Coating Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Anti-Corrosion Coating Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Anti-Corrosion Coating Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Anti-Corrosion Coating Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Anti-Corrosion Coating Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Anti-Corrosion Coating Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Anti-Corrosion Coating Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Anti-Corrosion Coating Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Anti-Corrosion Coating Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Anti-Corrosion Coating Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Anti-Corrosion Coating Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Anti-Corrosion Coating Market Structure
Key Questions Answered in the Report
The market reached a value of nearly USD 31.84 billion in 2023.
The market is estimated to grow at a CAGR of 6.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 56.13 billion by 2032.
The thriving construction sector across developed and developing economies, the rising demand for anti-corrosion coatings from the automotive sector, and the increasing application of the product in power and solar plants are the major drivers of the market.
The key trends in the market include the growing demand for anti-corrosion coatings in the production of marine vessels and warships and the increasing naval expenditure across the sovereign military powers.
Epoxy, polyurethane, acrylic, alkyd, zinc, and chlorinated rubber, among others, are the different product types considered in the market report.
Solvent-borne, waterborne, and powder coatings, among others, are the major segments based on the technology of anti-corrosion coating considered in the market report.
BASF SE, Axalta Coating Systems LLC, PPG Industries, Inc., The Dow Chemical Company, Hempel A/S, Nippon Paint Holdings Co., Ltd., The Sherwin-Williams Company, Akzo Nobel N.V., Wacker Chemie AG, and 3M Co., among others, are the key market players.
Purchase Options 10% off
Call us
Purchase Full Report
Mini Report
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER