Corrosion Protective Coatings and Acid Proof Lining Market Size, Share, Demand & Trends by 2025
Demand for corrosion protective coatings and acid proof lining materials will continue to witness steady demand in 2016, with global revenues totalling 31,636.2 Mn in 2016, an increase of 5.5% over 2015. Slow, yet promising growth in the construction sector will continue to drive adoption of corrosion protective coatings and acid proof lining materials in 2016. Demand will also be strong in the marine sector, with annual revenues expected to total 6,628.1 Mn in 2016, a 5.2% increase over 2015.
Innovation in coating technology will continue to open
up new avenues of growth in 2016. Shift from solvent-borne technology to
waterborne technology will continue to gain momentum, with the former expected
to witness a 4.5% year-over-year growth in 2016 over 2015. The water-borne
technology segment will witness 6.3% y-o-y growth in 2016 over 2015. Increasing
investment by key players in developing economies is also expected to
strengthen demand for corrosion protective coatings and acid proof lining
materials.
Polymer coatings will continue to remain the largest
corrosion protective coating product type, representing revenues worth 17,597.4
Mn in 2016, an increase of 5.8% over 2015. Ceramic & carbon brick lining
will remain the most lucrative product segment in acid proof lining segment, representing
1,068.1Mn in revenues in 2016.
Get a Sample Copy of Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-161
Demand for corrosion protective and acid proof lining
materials will remain strongest in Asia Pacific, with the region representing
36.7% revenue share in 2016. Steady pace of construction in the emerging
countries of Asia Pacific will continue to create sustained demand for
corrosion protective coatings and acid proof lining materials in 2016 and
beyond. North America and Eastern Europe will maintain their position as the
second- and third- largest market for corrosion protective and acid proof
lining materials in 2016. These two regions will collectively account for 33.6%
revenue share of the market in 2016.
Segmentation by Product Type
On the basis of product type, the corrosion protective
coatings market is segmented into polymer coatings and rubber lining systems,
while the acid proof lining market is segmented into ceramic & carbon brick
lining, tile lining and thermoplastic lining. Polymer coatings segment in the
corrosion protective coatings market accounted for a value share of 64.4% in
2014, which is projected to increase to 66.5% by 2025. The ceramic & carbon
brick lining segment in the global acid proof lining market is projected
to exhibit the highest CAGR of 5.5% over the forecast period (2015–2025).
Segmentation by Technology
On the basis of technology, the global corrosion
protective coatings market is segmented into solvent-borne, waterborne and
powder-based. Among these, waterborne technology segment is expected to exhibit
the highest CAGR of 5.7% over the forecast period.
Key Players
Key players in the global corrosion protective
coatings & acid proof lining market include BASF Coatings GmbH, PPG
Industries Inc., The Sherwin Williams Company, Ashland Inc., Axalta Coatings
Ltd., Hempel A/S, International Paint Limited and Jotun A/S. Major participants
are focusing on R&D activities to provide innovative and
environment-friendly products to attain sustainability.
Key
Segments Covered
- By
End-use Industry
- Marine
- Oil
& gas
- Power
generation
- Construction
- Automotive
- Transportation
vehicles
- Chemicals
- Mining
& metallurgy
- Others
- By
Product Type
- Corrosion
Protective Coatings Market
- Polymer
coatings
- Rubber
lining systems
- Acid
Proof Lining Market
- Ceramic
& carbon brick lining
- Tile
lining
- Thermoplastics
lining
- By
Technology
- Solvent-borne
- Waterborne
- Powder-based
- Key
Regions/Countries Covered
- North
America
- Latin
America
- Western
Europe
- Eastern
Europe
- Asia-Pacific
Excluding Japan (APEJ)
- Middle
East & Africa
Table of Content
1. Executive Summary
2. Research Methodology
3. Assumptions & Acronyms Used
4. Market Overview
4.1. Introduction
5. Market Dynamics
to be continued…!
Browse
Full Report: https://www.futuremarketinsights.com/reports/global-corrosion-protective-coatings-market
Comments
Post a Comment