The Corrosion Protective Coatings (CPC) market is expected to reach US$ 27.9 Bn by 2023, expanding at a CAGR of 7.1% from 2016 to 2023.
Market Insights
Corrosion protective coatings are widely used to protect metal components against degradation due to salt spray, moisture, oxidation or exposure to variety of industrial or environmental chemicals. These coatings create a thin film which avoids moisture to come in contact with the metal surface thereby preventing corrosion. Hence, coatings are used on large scale in almost all the end-user industries around the globe.
Based on materials, corrosion protective coatings are segmented into alkyd, acrylic, epoxy, polyurethane and zinc. Among these, epoxy accounted for more than 50% share of global corrosion protective coatings and is expected to increase in the near future. High demand is reported for epoxy coatings over other materials due to the advantages it provide for most of the applications in the end-user industries. Polyurethane followed epoxy in terms of demand and is expected to gain market share in the near future. Other materials are also expected to fuel growth of global corrosion protective coatings in the market. Growing construction activities in the emerging economies has led to high demand for corrosion protective coatings in the market. Shipbuilding is one among the major consumer of corrosion protective coatings as major corrosion is reported in commercial ships. Therefore, marine industry is expected to boost high demand for corrosion protective coatings in the global market.
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Construction industry accounted for major share of global corrosion protective coatings in the market. Corrosion protective coatings are not only used to prevent corrosion but also improve the strength of steel structures used in the construction industry. They provide strength along with corrosion protection from environment as well as industrial chemicals. Therefore, construction industry is expected to boost high demand for corrosion protective coatings in the market. Marine industry accounted as the second largest market in 2015. Corrosion takes place in moist places or when exposed to water for longer duration. Commercial ships are the primary host for corrosion. Corrosion protective coatings are therefore used on a large scale during shipbuilding to protect it from corrosion, thereby preventing accidents. Automotives are gaining strong demand in the market and therefore leading to high demand for corrosion protective in the market. Other end-users such as oil & gas, industrial and others are also expected to boost growth of global corrosion protective coatings market.
Competitive Insights:
Asia Pacific dominated the global corrosion protective coatings market in 2015 and is expected to drive the growth of global corrosion protective coatings market in the near future. Growing construction activities and increasing shipbuilding industries in the region is the major factor driving the growth of global corrosion protective coatings market. North America accounted as the second largest market for corrosion protective coatings market in 2015. Increasing demand for corrosion protective coatings from automotive sector in the region is expected to fuel growth of corrosion protective coatings in the region. Rising research and development activities in shipbuilding and other end-user industries in Europe has led to high growth of Europe corrosion protective coatings market. Other regions such as Latin America and Middle East & Africa are also projected to fuel growth of corrosion protective coatings market in the near future.
Key Trends:
- Corrosion protection
- Improves performance of steel structures used in construction industry
- Reduce maintenance cost
- Opportunities from research & development activities for additional applications of corrosion protective coatings
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ToC:
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Empirical Phase
1.4.2 Phase II – Analytical Phase
1.4.3 Phase III – Dissemination Phase
1.4.4 Approach Adopted
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Corrosion Protective Coatings Market
2.2 Global Corrosion Protective Coatings Market, By Materials
2.3 Global Corrosion Protective Coatings Market, By End-User
2.4 Global Corrosion Protective Coatings Market, By Technology
2.5 Global Corrosion Protective Coatings Market, By Geography
Chapter 3 Market Dynamics
3.1 Introduction
3.2 Market Drivers
3.3 Market Challenges
3.4 Market Opportunities
3.5 Attractive Investment Proposition
3.6 Market Positinoning of Key Companies
Chapter 4 Global Corrosion Protective Coatings Market Analysis, By Materials
4.1 Overview
4.1.1 Global Corrosion Protective Coatings Market by Materials, 2015 – 2022, (Kilo Tons)(US$ Mn)
4.2 Alkyd
4.2.1 Global Alkyd Coatings Market, 2015 – 2022, (Kilo Tons)(US$ Mn)
4.3 Acrylic
4.3.1 Global Acrylic Coatings Market, 2015 – 2022, (Kilo Tons)(US$ Mn)
4.4 Epoxy
4.4.1 Global Epoy Coatings Market, 2015 – 2022, (Kilo Tons)(US$ Mn)
4.5 Polyurethane
4.5.1 Global Polyurethane Coatings Market, 2015 – 2022, (Kilo Tons)(US$ Mn)
4.6 Zinc
4.6.1 Global Zinc Coatings Market, 2015 – 2022, (Kilo Tons)(US$ Mn)
Chapter 5 Global Corrosion Protective Coatings Market Analysis, By End-Use
5.1 Overview
5.1.1 Construction
5.1.1.1 Global Corrosion Protective Coatings Market for Construction, 2015 – 2022, (Kilo Tons)(US$ Mn)
5.1.2 Marine
5.1.2.1 Global Corrosion Protective Coatings Market for Marine, 2015 – 2022, (Kilo Tons)(US$ Mn)
5.1.3 Automotive
5.1.3.1 Global Corrosion Protective Coatings Market for Automotive, 2015 – 2022, (Kilo Tons)(US$ Mn)
5.1.4 Oil & Gas
5.1.4.1 Global Corrosion Protective Coatings Market for Oil & Gas, 2015 – 2022, (Kilo Tons)(US$ Mn)
5.1.5 Industrial
5.1.5.1 Global Corrosion Protective Coatings Market for Industrial, 2015 – 2022, (Kilo Tons)(US$ Mn)
5.1.6 Others
5.1.6.1 Global Corrosion Protective Coatings Market for Others, 2015 – 2022, (Kilo Tons)(US$ Mn)
Chapter 6 Global Corrosion Protective Coatings Market Analysis, By Technology
6.1 Overview
6.1.1 Water-Borne
6.1.1.1 Global Water-Borne Corrosion Protective Coatings Market , 2015 – 2022, (Kilo Tons)(US$ Mn)
6.1.2 Solvent-Borne
6.1.2.1 Global Solvent-Borne Corrosion Protective Coatings Market, 2015 – 2022, (Kilo Tons)(US$ Mn)
6.1.3 Powder-Based
6.1.3.1 Global Powder-Based Corrosion Protective Coatings Market, 2015 – 2022, (Kilo Tons)(US$ Mn)
Chapter 7 RC View
7.1 North America Corrosion Protective Coatings Market Analysis
7.1.1 Overview
7.1.2 North America Corrosion Protective Coatings Market Volume, by Materials, 2015 – 2022, (Kilo Tons)
7.1.3 North America Corrosion Protective Coatings Market Revenue, by Materials, 2015 – 2022, (US$ Mn)
7.1.4 North America Corrosion Protective Coatings Market Volume, by End-Use, 2015 – 2022, (Kilo Tons)
7.1.5 North America Corrosion Protective Coatings Market Revenue, by End-Use, 2015 – 2022, (US$ Mn)
7.1.6 North America Corrosion Protective Coatings Market Volume, by Technology, 2015 – 2022, (Kilo Tons)
7.1.7 North America Corrosion Protective Coatings Market Revenue, by Technology, 2015 – 2022, (US$ Mn)
7.1.7.1 U.S. Corrosion Protective Coatings Market Volume, 2015 – 2022, (Kilo Ton)
7.1.7.2 U.S. Corrosion Protective Coatings Market Revenue, 2015 – 2022, (US$ Mn)
7.1.7.3 Canada Corrosion Protective Coatings Market Volume, 2015 – 2022, (Kilo Ton)
7.1.7.4 Canada Corrosion Protective Coatings Market Revenue, 2015 – 2022, (US$ Mn)
7.2 Europe Corrosion Protective Coatings Market Analysis
7.2.1 Overview
7.2.2 Europe Corrosion Protective Coatings Market Volume, By Materials, 2015 – 2022, (Kilo Tons)
7.2.3 Europe Corrosion Protective Coatings Market Revenue, By Materials, 2015 – 2022, (US$ Mn)
7.2.4 Europe Corrosion Protective Coatings Market Volume, By End-Use, 2015 – 2022, (Kilo Tons)
7.2.5 Europe Corrosion Protective Coatings Market Volume, By End-Use, 2015 – 2022, (US$ Mn)
7.2.6 Europe Corrosion Protective Coatings Market Volume, By Technology, 2015 – 2022, (Kilo Tons)
7.2.7 Europe Corrosion Protective Coatings Market Volume, By Tecnology, 2015 – 2022, (US$ Mn)
7.2.7.1 France Corrosion Protective Coatings Market Volume, 2015 – 2022, (Kilo Tons)
7.2.7.2 France Corrosion Protective Coatings Market Revenue, 2015 – 2022, (US$ Mn)
7.2.7.3 Germany Corrosion Protective Coatings Market Volume, 2015 – 2022, (Kilo Tons)
7.2.7.4 Germany Corrosion Protective Coatings Market Revenue, 2015 – 2022, (US$ Mn)
7.2.7.5 UK Corrosion Protective Coatings Market Volume, 2015 – 2022, (Kilo Tons)
7.2.7.6 UK Corrosion Protective Coatings Market Revenue, 2015 – 2022, (US$ Mn)
7.2.7.7 Rest of Europe Corrosion Protective Coatings Market Volume, 2015 – 2022, (Kilo Tons)
7.2.7.8 Rest of Europe Corrosion Protective Coatings Market Revenue, 2015 – 2022, (US$ Mn)
7.3 Asia Pacific Corrosion Protective Coatings Market Analysis
7.3 Overview
7.3.1 Asia Pacific Corrosion Protective Coatings Market Volume, By Materials, 2015 – 2022, (Kilo Tons)
7.3.2 Asia Pacific Corrosion Protective Coatings Market Revenue, By Materials, 2015 – 2022, (US$ Mn)
7.3.3 Asia Pacific Corrosion Protective Coatings Market Volume, By End-Use, 2015 – 2022, (Kilo Tons)
7.3.4 Asia Pacific Corrosion Protective Coatings Market Revenue, By End-Use, 2015 – 2022, (US$ Mn)
7.3.5 Asia Pacific Corrosion Protective Coatings Market Volume, By Technology, 2015 – 2022, (Kilo Tons)
7.3.6 Asia Pacific Corrosion Protective Coatings Market Revenue, By Technology, 2015 – 2022, (US$ Mn)
7.3.6.1 China Corrosion Protective Coatings Market Volume, 2015 – 2022, (Kilo Tons)
7.3.6.2 China Corrosion Protective Coatings Market Revenue, 2015 – 2022, (US$ Mn)
7.3.6.3 India Corrosion Protective Coatings Market Volume, 2015 – 2022, (Kilo Tons)
7.3.6.4 India Corrosion Protective Coatings Market Revenue, 2015 – 2022, (US$ Mn)
7.3.6.5 Japan Corrosion Protective Coatings Market Volume, 2015 – 2022, (Kilo Tons)
7.3.6.6 Japan Corrosion Protective Coatings Market Revenue, 2015 – 2022, (US$ Mn)
7.3.6.7 Rest of Asia Pacific Corrosion Protective Coatings Market Volume, 2015 – 2022, (Kilo Tons)
7.3.6.8 Rest of Asia Pacific Corrosion Protective Coatings Market Revenue, 2015 – 2022, (US$ Mn)
7.4 Middle East and Africa (MEA) Corrosion Protective Coatings Market Analysis
7.4.1 Overview
7.4.2 Middle East and Africa Corrosion Protective Coatings Market Volume, By Materials, 2015 – 2022, (Kilo Tons)
7.4.3 Middle East and Africa Corrosion Protective Coatings Market Revenue, By Materials, 2015 – 2022, (US$ Mn)
7.4.4 Middle East and Africa Corrosion Protective Coatings Market Volume, By End-Use, 2015 – 2022, (Kilo Tons)
7.4.5 Middle East and Africa Corrosion Protective Coatings Market Revenue, By End-Use, 2015 – 2022, (US$ Mn)
7.4.6 Middle East and Africa Corrosion Protective Coatings Market Volume, By Technology, 2015 – 2022, (Kilo Tons)
7.4.7 Middle East and Africa Corrosion Protective Coatings Market Revenue, By Technology, 2015 – 2022, (US$ Mn)
7.5 Latin America Corrosion Protective Coatings Market Analysis
7.5.1 Overview
7.5.2 Latin America Corrosion Protective Coatings Market Volume, 2015 – 2022, (Kilo Tons)
7.5.3 Latin America Corrosion Protective Coatings Market Revenue, 2015 – 2022, (US$ Mn)
7.5.4 Latin America Corrosion Protective Coatings Market Volume, By Materials, 2015 – 2022, (Kilo Tons)
7.5.5 Latin America Corrosion Protective Coatings Market Revenue, By Materials, 2015 – 2022, (US$ Mn)
7.5.6 Middle East and Africa Corrosion Protective Coatings Market Volume, By End-Use, 2015 – 2022, (Kilo Tons)
7.5.7 Middle East and Africa Corrosion Protective Coatings Market Revenue, By End-Use, 2015 – 2022, (US$ Mn)
7.5.8 Middle East and Africa Corrosion Protective Coatings Market Volume, By Technology, 2015 – 2022, (Kilo Tons)
7.5.9 Middle East and Africa Corrosion Protective Coatings Market Revenue, By Technology, 2015 – 2022, (US$ Mn)
Chapter 8 Company Profiles
8.1 Ashland Inc.
8.2 Axalta Coatings Inc.
8.3 BASF Coatings GmbH
8.4 Hempel A/S
8.5 International Paint Limited
8.6 Jotun A/S
8.7 Koch Knight LLC
8.8 PPG Industries Inc.
8.9 Steuler-KCH GmbH
8.10 The Sherwin-Williams Company
8.11 TIP TOP Oberflächenschutz Elbe GmbH
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