DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Anti-Corrosion Coating Market - Global Forecast to 2021" report to their offering.
The market size of anti-corrosion coating is expected to reach USD 30.04 billion by 2021, registering a CAGR of 5.1% between 2016 and 2021.
The growth is primarily triggered by its huge demand from the Asia-Pacific region and the growing end-use industries such as marine, oil & gas, infrastructure, industrial, power generation, and automotive & transportation. Liberalization of foreign trade & investments and change in industrial policies has led to rapid industrialization in China for the past three decades. This, in turn, is contributing to the increasing demand for anti-corrosion coating in the Asia-Pacific region.
Epoxy anti-corrosion coating led the global anti-corrosion coating market in 2015. Higher demand for epoxy anti-corrosion coating is owing to the compatibility of epoxy with other coating materials. The dominance of epoxy anti-corrosion coating is mainly due to its properties such as good corrosion protection, water resistance, and adhesion to steel. In addition, the increasing demand from the various end-use industries such as marine, oil & gas, infrastructure, and automotive & transportation is fuelling the growth of epoxy anti-corrosion coating.
Asia-Pacific is projected to be the largest and the fastest-growing market of anti-corrosion coating, globally. This is mainly attributed to high economic growth rate, followed by heavy investment in the end-use industries such as automotive, infrastructure, and alternative power generation.
Companies Mentioned:
- 3M
- Akzonobel N.V.
- Ancatt Inc.
- Ashland Inc.
- Axalta Coating Systems Ltd.
- BASF SE
- Bluechem Group
- Diamond Vogel Paints
- E.I. Du Pont De Numours and Company
- Hempel A/S
- Heubach GmbH
- Jotun A/S
- Kansai Paints Co. Ltd.
- Koninklijke Dsm N.V.
- Nippon Paints Co. Ltd.
- Nycote Laboratories Corporation
- (10+ Others)
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Anti-Corrosion Coating Market, By Technology
8 Anti-Corrosion Coating Market, By Type
9 Anti-Corrosion Coating Market, By End-Use Industries
10 Anti-Corrosion Coating Market, By Region
11 Competitive Landscape
12 Company Profiles
For more information visit http://www.researchandmarkets.com/research/bcsww9/anticorrosion
