Anti-corrosion coating is used to prevent contact between chemical compounds or corrosive substances and to protect metal surfaces from rusting. It increases lifespan and prolongs strength of metals used in different applications. In addition, it also provides friction protection for loads at high pressure, high temperature, and harsh environments.

There are many industries such as chemical manufacturing, aerospace, transportation, oil & gas, building & construction, marine, and power generation concerned with corrosion. There is a growing need for inland and offshore conditions and anti-corrosion coating plays a vital role to ensure long-term high performance and durability.

Rise in energy sector, growth in commercial & military shipbuilding activities in Asia-Pacific region, and increase in demand for metal-based structures result in growth of the global anti-corrosion coatings market.

Whereas, high prices of petrochemical feedstock and strict environmental regulations with anti-corrosion coatings limit the growth of the market. On the other hand, growth in need for new infrastructure and betterment of existing construction spaces create new avenues in the industry.

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The global anti-corrosion coatings market is segmented based on Product Type, Application, End Users, and Geography.

Based On Product Type, the market is sub-segmented into epoxy, polyurethane, acrylic, alkyd, zinc, chlorinated rubber, and others.

Applications covered in the study are Solvent-Based, Water-Based, Powder, and others.

By End Users, the market is classified into Oil & Gas, Shipbuilding, Infrastructure, Industrial Markets, Energy, Transport, and others.

Geographically, the market is studied across North America, Europe, Asia-Pacific, Latin America, and Middle East, and Africa.

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Prominent manufacturers operating in the industry are

• Akzonobel,
• Axalta Coating,
• Ashland,
• BASF,
• Jotun,
• Kansai Paints,
• RPM International,
• The Sherwin-Williams Company,
• PPG Industries,
• Nippon Paints,
• Chugoku Marine Paints,
• AICA Kogyo,
• Tnemec,
• Sokema,
• AnCatt
• Valspar.

These prominent vendors have adopted strategies such as

• new product launches
• collaborations
• mergers & acquisitions
• partnerships
• expansion
• joint ventures, and others to consolidate their position in the global industry.

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