Global Pressure Vessel & Tank Coatings Markets, 2023 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Pressure Vessel and Tank Coatings Market - Segmented by Type, Technology, End User, and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The global pressure vessel and tank coatings market is expected to experience robust growth during the forecast period.

Owing to the increasing number of chemical industries and expanding oil & gas sector, Asia-Pacific is expected to account for the largest share of the market studied. By technology, the water-borne segment is expected to record the fastest growth.

Expansion of Nuclear Plants to Propel the Protective Sector of Pressure Vessel & Tank Coatings

Pressure vessels and tanks find significant applications in the nuclear power sector. Reactor pressure vessels used in the sector have components that are incessantly in contact with radiation. For instance, the reactor vessel body is used to contain fuel and other highly corrosive liquid materials. The major economies across the globe are expected to invest in the expansion of nuclear activities. Most of the reactors currently planned are in Asia-Pacific, with fast-growing economies and rapidly-rising demand for electricity.

Chemical Sector to Account for the Largest Share by End User

By end user, the chemical industry is expected to account for the largest share of the market studied, accounting for a share of slightly more than 25%. The major reason is the increasing use of pressure vessels as a part of the reaction chamber, for an array of chemical reactions. Due to the rising number of prominent chemical manufacturing plants, especially in China and India, the chemical segment is expected to account for the largest share in Asia-Pacific.

Notable Market Development

• Jotun developed the world's first NORSOK-approved offshore maintenance coating system for brush and roller application, on power tooled and water jetted surfaces.

Key Topics Covered

1. Introduction

2. Executive Summary

3. Market Insights

4. Market Dynamics

5. Market Segmentation and Analysis

6. Regional Market Analysis

7. Future of the Market

8. Competitive Landscape

9. Company Profiles

• Jotun A/S
• PPG Industries
• Akzo Nobel N.V.
• Nippon Paint Co. Ltd.
• 3M
• Hempel A/S
• Beckers Group
• Kansai Paint Co. Ltd.
• BASF SE
• Mitsubishi
• Larsen & Toubro
• Bharat Heavy Electricals
• Samuel Pressure Vessels
• Doosan
• Babcock and Wilcox
• Barton Firtop
• Abbott

For more information about this report visit https://www.researchandmarkets.com/research/b7ns6m/global_pressure?w=4