Corrosion Protective Coatings Market

Corrosion Protective Coatings Market Size, Share & Trends Analysis Report, By Resin Type (Alkyd, Acrylic, Epoxy, Polyurethane, Zinc), By Product (Solvent borne, Waterborne, Solids), By Application, And Segment Forecasts To 2024

Sustainable Solutions Environmental Trends in the Corrosion Protective Coatings Market

Category: Chemicals & Materials Published Date : Feb-23 ID: CVC-41082 Format: PDF Pages: 300

Report Highlights
According to a research survey conducted by ChemView Consulting, in 2023, Corrosion Protective Coatings Market was worth US $ 10.52 Bn. The market is expected to grow at a CAGR of 4.10% between 2023 and 2033 to hit US $ 15.73 Bn by 2033 end.

Key Market Trends

The Key to Prolonging the Life of Your Assets

With its role in protecting assets from corrosion, corrosion-protective coatings are becoming a popular choice for various applications, creating a wide range of opportunities in the market.

The Future of Sustainable Asset Protection

With its eco-friendly properties, corrosion-protective coatings are becoming a popular choice for sustainable asset protection, making it a future-proof investment in the market.

The Essential Element in Improving Asset Durability

With its role in improving asset durability, corrosion-protective coatings are an essential element in various industries, creating a wide range of opportunities in the market.

Market Drivers:

Growing Infrastructure Development Activities

The increase in infrastructure development activities, such as the construction of bridges, highways, and buildings, is driving the demand for corrosion-protective coatings to ensure long-term durability and resistance to harsh environments. The expansion of the oil and gas industry and the need for corrosion-resistant coatings for pipelines and storage tanks are also contributing to the growth of the market.

The growing demand for high-performance coatings with low VOC emissions and enhanced sustainability is creating opportunities for new products in the corrosion protective coatings market.

Segmentation Insights

After conducting a thorough analysis of the Corrosion Protective Coatings Market, we have identified the top three trending segments in the industry. These segments are experiencing significant growth, high demand, and widespread adoption.

Most Popular (Fastest Growth Rate)

Epoxy Resin (Infrastructure & Construction Application)

Epoxy Resin is the most popular product in the Corrosion Protective Coatings Market due to its extensive usage in the infrastructure & construction application. They are widely used to protect various building materials, including concrete, steel, and masonry, from corrosion and deterioration, providing a long-lasting and durable protection solution. Epoxy Resin’s excellent properties such as high adhesion, chemical resistance, and weatherability make them the preferred choice for the infrastructure & construction application.

Most Selling (Largest Market Share)

Polyurethane Resin (Oil & Gas Application)

Polyurethane Resin is the most selling product in the Corrosion Protective Coatings Market due to its extensive usage in the oil & gas industry. They are widely used to protect various oil & gas equipment, including pipelines, tanks, and offshore platforms, from corrosion and wear, providing a reliable and high-performance protection solution. Polyurethane Resin’s excellent properties such as impact resistance, abrasion resistance, and chemical resistance make them the go-to choice for the oil & gas application.

Trending (Gaining Traction)

Inorganic Zinc Resin (Marine Application)

Inorganic Zinc Resin is gaining significant traction in the Corrosion Protective Coatings Market due to its usage in the marine industry. They are widely used to protect various marine vessels and structures, including ships, boats, and docks, from corrosion and abrasion, providing a tough and durable protection solution. Inorganic Zinc Resin’s excellent properties such as galvanic protection, cathodic disbondment resistance, and salt spray resistance make them a trending choice in the marine application.

Regional Insights

Europe: A Pioneering Market with a Focus on Sustainability

Europe is a key market for corrosion protective coatings, driven by its strong industrial sector and commitment to sustainability. The region’s focus on eco-friendly solutions and stringent environmental regulations has spurred the demand for corrosion protective coatings in various applications, including construction, automotive, and marine industries. Germany, the United Kingdom, and France lead the market with their advanced manufacturing capabilities and innovative technologies, making Europe an essential player in the global corrosion protective coatings industry.

Middle East: A Rapidly Growing Market with Infrastructure Development

The Middle Eastern market is witnessing rapid growth in the corrosion protective coatings sector, as the region focuses on infrastructure development and oil and gas industries. The construction, automotive, and marine sectors are propelling the demand for corrosion protective coatings, with countries like Saudi Arabia, the United Arab Emirates, and Qatar leading the way. The Middle East’s commitment to infrastructure growth and its strategic location make it an appealing market for global corrosion protective coatings manufacturers and investors.

Report Includes

Research Scope/Taxonomy
Market Analysis by Resin Type:

  • Epoxy
  • Polyurethane
  • Alkyd
  • Acrylic
  • Inorganic Zin
  • Others

Market Analysis by Formulation:

  • Technology
  • Solvent-based
  • Water-based
  • Powder
  • Others

Market Analysis by End-use:

  • Industry
  • Infrastructure & Construction
  • Oil & Gas
  • Industrial
  • Marine
  • Automotive
  • Power Generation
  • Mining
  • Others

Analyst Credentials

Key Companies Profiled

  • The Sherwin-Williams Company
  • PPG Industries, Inc.
  • Jotun
  • Akzo Nobel N.V.
  • Kansai Paint Co., Ltd.
  • Sika AG
  • The Chemours Company
  • Dulux Protective Coatings
  • Oasis Paints
  • Wacker Chemie AG
  • Henkel AG & Co. KGaA
  • Berger Paints
  • Hempel A/S
  • Dow

1.1. Global Market Snapshot

1.2. Key Success Factors

1.3. Strategic Analysis and Recommendations

2.1. Market Taxonomy

2.2. Market Definitions

3.1. Preliminary Investigation & Research Design

3.2. Secondary Research & Primary Research

3.3. Data Analysis & Econometric Modelling

3.4. Expert Data Validation

4.1. Supply-Side Trends

4.2. Demand-Side Trends

5.1. Global Market Value (US$ Mn) Analysis, 2017 – 2032

5.2. Incremental $ Opportunity Index, 2022-2032

5.3. Global Market Volume (Tons) Analysis, 2017 – 2032

6.1. Regional Level Pricing Analysis and Forecast

6.1.1. Manufacturers Level Pricing

6.1.2. Distributor Level Pricing

6.2. Global Pricing Analysis Benchmark

6.3. Cost Breakdown Analysis

7.1. Cross Analysis of Application W.R.T. Technology

8.1. Regional Supply Vs. Demand Gap Assessment

8.2. Top Producing Countries Analysis

9.1. Macroeconomic Factors

9.2. Forecast Factors

9.3. Market Dynamics

9.3.1. Driver

9.3.2. Restraint

9.3.3. Opportunity

9.4. Supply Chain Analysis

9.4.1. List Raw Material Suppliers

9.4.2. List of Manufacturers

9.4.3. List of Distributors

9.4.4. List of End-Users

9.4.5. End-Users Consumption Analysis

9.4.6. Average Profitability Margin Analysis

9.5. Covid-19 Impact Assessment

9.5.1. Economy/Cluster Projections

9.5.2. Covid-19 Economic Assessment

9.5.3. Impact on Target Market

9.5.4. Recovery Scenario

9.6. Regulatory Framework

9.6.1. Regulations of Key Countries

9.6.2. Potential Impact of Regulations

9.7. Porter’s Five Forces Analysis

9.8. Resin Type Landscape

10.1. Introduction

10.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Resin Type [Value (US$ Mn) and Volume (Tons) Analysis]

10.2.1. Epoxy

10.2.2. Polyurethane

10.2.3. Alkyd

10.2.4. Acrylic

10.2.5. Inorganic Zin

10.2.6. Others

10.3. Market Attractiveness Analysis by Technology

11.1. Introduction

11.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Formulation [Value (US$ Mn) and Volume (Tons) Analysis]

11.3. Technology

11.4. Solvent-based

11.5. Water-based

11.6. Powder

11.7. Others

12.3.Market Attractiveness Analysis by Formulation

12.1. Introduction

12.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By End-use [Value (US$ Mn) and Volume (Tons) Analysis]

12.3. Industry

12.4. Infrastructure & Construction

12.5. Oil & Gas

12.6. Industrial

12.7. Marine

12.8. Automotive

12.9. Power Generation

12.10. Mining

12.11. Others

12.3.Market Attractiveness Analysis by End-use

13.1. Introduction

13.2. Key Market Trends

13.3. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Region [Value (US$ Mn) and Volume (Tons) Analysis]

13.3.1. North America

13.3.2. Latin America

13.3.3. Europe

13.3.4. Asia-Pacific

13.3.5. Middle East

13.3.6. Africa

13.4. Market Attractiveness Analysis by Region

14.1. Introduction

14.2. Key Market Trends

14.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

14.3.1. By Country U.S. Canada

14.3.2. By Resin Type

14.3.3. By Formulation

14.3.4. By End-Use

14.4. Market Attractiveness Analysis

14.4.1. By Country

14.4.2. By Resin Type

14.4.3. By Formulation

14.4.4. By End-Use

15.1. Introduction

15.2. Key Market Trends

15.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

15.3.1. By Country Brazil Mexico Rest of Latin America

15.3.2. By Resin Type

15.3.3. By Formulation

15.3.4. By End-Use

15.4. Market Attractiveness Analysis

15.4.1. By Country

15.4.2. By Resin Type

15.4.3. By Application

16.1. Introduction

16.2. Key Market Trends

16.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

16.3.1. By Country Germany Italy France UK Spain Netherlands Norway Russia Rest of Europe

16.3.2. By Resin Type

16.3.3. By Application

16.4. Market Attractiveness Analysis

16.4.1. By Country

16.4.2. By Resin Type

16.4.3. By Formulation

16.4.4. By End-Use

17.1. Introduction

17.2. Key Market Trends

17.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

17.3.1. By Country China Japan South Korea India Indonesia Thailand Vietnam Australia & New Zealand Rest of Asia-Pacific

17.3.2. By Resin Type

17.3.3. By Formulation

17.3.4. By End-Use

17.4. Market Attractiveness Analysis

17.4.1. By Country

17.4.2. By Resin Type

17.4.3. By Formulation

17.4.4. By End-Use

18.1. Introduction

18.2. Key Market Trends

18.3. Pricing Analysis

18.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

18.4.1. By Country Saudi Arabia Turkey U.A.E. Rest of the Middle East

18.4.2. By Resin Type

18.4.3. By Formulation

18.4.4. By End-Use

18.5. Market Attractiveness Analysis

18.5.1. By Country

18.5.2. By Resin Type

18.5.3. By Formulation

18.5.4. By End-Use

19.1. Introduction

19.2. Key Market Trends

19.3. Pricing Analysis

19.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

19.4.1. By Country South Africa Nigeria Egypt Rest of Africa

19.4.2. By Resin Type

19.4.3. By Formulation

19.4.4. By End-Use

19.5. Market Attractiveness Analysis

19.5.1. By Country

19.5.2. By Resin Type

19.5.3. By Formulation

19.5.4. By End-Use

20.1. Tier Structure Breakdown

20.2. Market Share Analysis

20.3. Production Capacity Analysis

20.4. Company Footprint Analysis

20.4.1. Product Footprint of Players

20.4.2. Regional Footprint of Players

20.4.3. Channel Footprint of Players

20.5. Brand Preference Analysis

20.6. Competition Dashboard

21.1. The Sherwin-Williams Company.

21.1.1. Company Overview

21.1.2. Product & Financial Portfolio

21.1.3. Manufacturing Facilities

21.1.4. Recent Developments

21.1.5. SWOT Analysis

21.1.6. Strategy Overview

21.2. PPG Industries, Inc.

21.3. Jotun

21.4. Akzo Nobel N.V.

21.5. Kansai Paint Co., Ltd.

21.6. Sika AG

21.7. The Chemours Company

21.8. Dulux Protective Coatings

21.9. Oasis Paints

21.10. Wacker Chemie AG

21.11. Henkel AG & Co. KGaA


21.13. Berger Paints

21.14. Hempel A/S

21.15. Dow.

21.16. Others