Anti-Rust Coating Market Demand by Industry, Applications, Growth with Analysis Report 2023
Scope of the report:
The Global Anti-Rust Coating Market is segmented on the basis of the type, technology, end-use industry, and region.
On the basis of the types, the global anti-rust coating market is segmented into epoxy, polyurethane, acrylic, alkyd, zinc, chlorination, and others.
Based on the technology, the global market is categorized into solvent-based, waterborne, powder coating, and UV cured.
On the basis of the end-user industries, the global market is segregated into marine, oil & gas, power generation, shipbuilding, infrastructure, transportation, aerospace & defense, and others.
Some of the prominent manufacturers in the global market of anti-rust coating are Akzo Nobel N.V. (Netherlands), PPG Industries, Inc. (U.S.), Axalta Coating Systems Ltd. (U.S.), BASF SE (Germany), The Sherwin-Williams Company (U.S.), Ashland Inc. (U.S.), Kansai Paint Co., Ltd. (Japan), Hempel A/S (Denmark), Nippon Paints Co. Ltd (Japan), Jotun (Norway), RPM International Inc. (U.S.), DowDupont (U.S.), Bluechem (Africa), Chugoku Marine Paints Ltd. (Japan), and Clariant (Switzerland).
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Anti-rust coating is a preventive coating used for protecting metal components against degradation due to moisture, humidity, salt spray, and oxidation to a variety of environmental or industrial chemicals. Anti-rust coating inhibits the contact between chemical compounds or corrosive materials.
The global anti-rust coating market is majorly driven by its growing demand in various sectors such as marine, infrastructure, transportation, aerospace & defense, and others. Among these, the marine is the leading segment due to the high demand for anti-rust coating in shipbuilding and boat repairing. Additionally, the increasing demand for residential construction by the growing population is expected to propel the market growth further. The use of anti-rust coating for durable, scratch resistant, and finished appearance in an automobile is another driver of the market. The transportation of oil & gas through pipelines increases the demand for anti-rust coating, which is expected to drive the market growth during the review period. The increasing use of anti-rust coating in above mentioned end-use industries coupled with technological advances is likely to propel the market growth during the assessment period 2017-2023. However, fluctuating raw material price and stringent environmental regulations may hamper the market growth over the review period.
The global anti-rust coating market is segmented into five major regions Asia Pacific, North America, Latin America, the Middle East & Africa, and Europe.
The Asia Pacific is expected to emerge as the largest region in the global the anti-rust coating market due to high demand from end-use industries such as building & construction, transportation, and automotive. China is the largest market in terms of value in this region on account of the largest building & construction sector. India, Japan, Indonesia, Malaysia, and other countries contributing to the market growth on account of the growing end-user industries.
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Presence of a large number of oil deposits in Brazil and Venezuela fuels the regional market growth in Latin America. Exploring and drilling activities for oil & gas reserves drive the market growth in this region.
North America is another substantial region in the anti-rust coating market growth due to the product use in automotive and aerospace & defense industries. The U.S. accounted for a major market share owing to the growing automotive and use in the aerospace & defense sector.
The Middle East & Africa is expected to witness market growth due to the abundant availability of oil & gas deposits in countries such as Saudi Arabia and the UAE.
Europe is likely to witness a sluggish growth owing to European Union Regulations 2012 on VOC emission.
- Anti-rust coatings Manufacturers
- Traders and distributors of Anti-rust coatings
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratory
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