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(IT-NEWSWIRE.COM, May 12, 2018 ) The Global Anti-corrosion Coatings Market is expected to register a CAGR of 5.20% during the forecast period, 2018 to 2023. Asia-Pacific dominated the global anti-corrosion coatings market, with China taking the lead in the region, owing to its massive manufacturing and industrial sectors.
Robust Development of Shipbuilding and Offshore Engineering Industries
The global shipbuilding industry is expected to register a CAGR of 3% to 5% through the next five years, with Asia-Pacific registering the highest growth. In Asia-Pacific, though China, Japan, and South Korea lead the ship building industry, new shipping hubs are appearing in Vietnam, India, and the Philippines. Australia and New Zealand are both island nations and the geographical scale of Australia’s coastline and waterways has resulted in a large number of recreational, commercial, and defense vessels. Thus, the marine industry is growing in both these nations. Such development in shipbuilding activities is expected to drive the anti-corrosion coatings market in the marine segment through the forecast period.
Marine is the largest end-user industry, accounting for more than 20% share in the global anti-corrosion coatings market.
Major Players: AKZONOBEL N.V., ASHLAND INC., PPG INDUSTRIES INC., THE SHERWIN-WILLIAMS COMPANY, RPM INTERNATIONAL INC., NIPPON PAINTS CO. LTD, DOWDUPONT, amongst others.
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Companies Mentioned:
3M Co., AkzoNobel N.V., Ancatt Inc., Ashland Inc., Axalta Coating Systems Ltd., BASF SE, Bluechem Group, Diamond Vogel Paints, DowDuPont, Hempel A/S, Heubach GmbH, Jotun A/S, Kansai Paints Co. Ltd., Koninklijke Dsm N.V., Nippon Paints Co. Ltd., Nycote Laboratories Corporation, PPG Industries, Inc., Renner Herrmann S.A., RPM International Inc., S.M. Adhesives, SK Formulations India Pvt. Ltd., The Magni Group, Inc., The Sherwin-Williams Company, Wacker Chemie Ag
Solvent-borne – The dominating Technology Segment
In 2017, the solvent-borne technology captured the maximum share of the overall market and is expected to witness a moderate growth rate during the forecast period. The demand for solvent-borne is increasing because of its superior block resistance feature, lesser drying time, and widespread applications. However, water-borne coatings segment is expected to register the fastest growth, owing to its low-VOC content.
Asia-Pacific to Dominate the Market Growth Through 2023
Asia-Pacific dominated the global anti-corrosion coatings in 2017 and is expected to register the fastest CAGR through the forecast period. Growing oil & gas reserves in China and India, continued need for maintenance in the transportation industry, and accelerating energy demand in various regions in Asia-Pacific are driving the anti-corrosion coatings market.
Key Developments in the Market
October 2017: AkzoNobel revealed that the company is in talks to merge with Axalta Coating Systems
September 2017: DowDuPont merger was successfully completed
August 2017: E.ON started using a new environment-friendly anti-corrosion coating to protect its 385 MW Arkona wind farm in the German Baltic Sea
Reasons to Purchase this Report
Analyze various perspectives of the market with the help of Porter’s five forces analysis
The technology and end-user industry that are expected to dominate the market
The regions that are expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3 months analyst support, along with the Market Estimate sheet (in excel).
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Table of Content:
Introduction
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
Executive Summary
Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Buyers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products
3.2.5 Degree of Competition
3.3 Technological Snapshot
3.4 Patent Analysis
Market Dynamics
4.1 Drivers
4.1.1 Growing Offshore Production Activities
4.1.2 Government Construction Projects & Social Housing Programmes in Developing Countries
4.1.3 Growing Marine Industry in Asia-Pacific
4.1.4 Modernization of Infrastructure
4.2 Restraints
4.2.1 Environmental Regulations
4.2.2 High Cost of Raw Materials
4.2.3 Alternative Finishing Technologies to Paints
4.3 Opportunities
4.3.1 Growing R&D Activities to Produce Better Quality of Coatings
4.3.2 Development of Waterborne Anti-Corrosive Coatings
4.3.3 Power Plants Expected to Provide Growth to High Performance Anti-Corrosion Coatings
Market Segmentation and Analysis
5.1 By Type
5.1.1 Epoxy
5.1.2 Polyurethane
5.1.3 Zinc
5.1.4 Alkyd
5.1.5 Acrylic
5.1.6 Chlorinated Rubber
5.1.7 Others (Silicates, Fluorocarbons, Co-Polymers, Graphene, Ceramic, And Glass Flakes)
5.2 By Technology
5.2.1 Solvent-borne
5.2.2 Water-borne
5.2.3 Powder
5.2.4 UV-Cured
5.3 By End User Industry
5.3.1 Marine
5.3.2 Oil & Gas
5.3.3 Power Generation
5.3.4 Industrial
5.3.5 Infrastructure
5.3.6 Transportation
5.3.7 Aerospace & Defense
5.3.8 Others (Wastewater Treatment, Food & Beverage Processing, And Paper & Pulp Industries)
Regional Market Analysis (Market Size growth and Forecast)
6.1 Asia-Pacific
6.1.1 China
6.1.2 India
6.1.3 Japan
6.1.4 South Korea
6.1.5 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.2 Canada
6.2.3 Mexico
6.2.4 Rest of North America
6.3 Europe
6.3.1 Germany
6.3.2 United Kingdom
6.3.3 Italy
6.3.4 France
6.3.5 Spain
6.3.6 Rest of Europe
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 MEA
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Qatar
6.5.4 Rest of MEA
Future of the Market
Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures Collaborations and Agreements
8.2 Market Shares Analysis
8.3 Strategies Adopted by Leading Players
Company Profiles (Overview, Financials Products & Services, Recent Developments and Analyst View)
9.1 3M Co.
9.2 AkzoNobel N.V.
9.3 Ancatt Inc.
9.4 Ashland Inc.
9.5 Axalta Coating Systems Ltd.
9.6 BASF SE
9.7 Bluechem Group
9.8 Diamond Vogel Paints
9.9 DowDuPont
9.10 Hempel A/S
9.11 Heubach GmbH
9.12 Jotun A/S
9.13 Kansai Paints Co. Ltd.
9.14 Koninklijke Dsm N.V.
9.15 Nippon Paints Co. Ltd.
9.16 Nycote Laboratories Corporation
9.17 PPG Industries, Inc.
9.18 Renner Herrmann S.A.
9.19 RPM International Inc.
9.20 S.M. Adhesives
9.21 SK Formulations India Pvt. Ltd.
9.22 The Magni Group, Inc.
9.23 The Sherwin-Williams Company
9.24 Wacker Chemie Ag
List Not Exhaustive
Disclaimer
Subject to Availability on Public Domain
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Source: EmailWire.Com 
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