The report "Anti-Corrosion Coating Market by Type (Epoxy, Polyurethanes, Acrylic, Alkyd), Technology (Solvent, Water, Powder) and End-use Industry (Marine, Oil & Gas, Industrial, Infrastructure, and Power Generation) - Global Trends & Forecasts to 2021", The global market size of anti-corrosion coating is projected to reach USD 30.04 Billion by 2021, registering a CAGR of 5.1% between 2016 and 2021.
Browse 177 market data Tables and 82 Figures spread through 232 Pages and in-depth TOC on "Anti-Corrosion Coating Market - Global Trends & Forecasts to 2021"
Early buyers will receive 10% customization on this report.
The growing marine industry is expected to drive the anti-corrosion coating market during the forecast period. China, Korea, Japan, and India are witnessing high demand of new ships for both military and commercial purposes. As a result, there are huge investments in the marine sector, especially for military purposes. Epoxy is the most preferred type of anti-corrosion coating owing to its properties such as good corrosion protection, water resistance, and adhesion to steel. Thus, fuelling the demand for anti-corrosion coating.
Solventborne technology to account for the major share of the market by 2021
The anti-corrosion coating market is segmented by technology, namely, solventborne, waterborne, powder coating, and others (such as UV-cured coating, nanocoating, and radiation-cured coating among other technologies). In 2015, the solventborne technology captured the maximum share of the overall market and is expected to witness moderate growth rate during the forecast period. The demand for solventborne is increasing because of its properties such as excellent block resistance, lesser drying time, and widespread applications.
Request for Sample PDF of Report @ http://www.marketsandmarkets.com/pdfdownload.asp?id=155215822
Marine to be the largest end-use industry of the anti-corrosion coating market between 2016 and 2021
The major end-use industries of anti-corrosion coating market are marine, oil & gas, industrial, power generation, automotive & transportation, and others (such as water & wastewater processing, food & beverage processing, and pulp & paper industries). The marine end-use industry accounted for the largest share of the anti-corrosion coating market due to the large volume of coatings used in marine applications. Anti-corrosion coatings are predominantly used in the marine sector and are specially formulated to counter extremely harsh environment such as salt water, temperature, pressure, and organic formation among others.
Asia-Pacific to be the largest market during the forecast period
The anti-corrosion coating market is broadly segmented into five regions, namely, Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. Asia-Pacific is the largest market and is projected to be the fastest-growing market during the forecast period. This dominance by the Asia-Pacific region is mainly due to rapid economic growth, particularly, in the marine and automotive & transportation end-use industries in the region. In addition, rapid industrialization in Asia-Pacific coupled with improved living standard is driving the market for anti-corrosion coating.
For more Info Make an Inquiry of this Report @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=155215822
Currently, the global anti-corrosion coating market is dominated by various market players such as AkzoNobel N.V. (Netherlands), PPG Industries, Inc. (U.S.), Hempel A/S (Denmark), Jotun A/S (Norway), Axalta Coating System Ltd. (U.S.), The Sherwin-Williams Company (U.S.), Kansai Paints Co. Ltd. (Japan), RPM International, Inc. (U.S.), BASF SE (Germany), and Ashland Inc. (U.S.) among others.
Browse related Reports:
Nanocoatings Market By Type (Anti-fingerprint, Anti-microbial, Easy-to-clean & Anti-fouling, Self-cleaning and Other), By Application (Healthcare, Food & Packaging, Marine industry, Water treatment equipment, Electronics, Construction, Automotive, Energy and others), and By Region - Trends & Forecasts to 2019
Marine Coatings Market By Type (Anti-corrosive, Anti-fouling, and Others) and Based on Chemistry (Epoxy, Polyurethane, and Others) - Global Trends & Forecasts to 2019
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets