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Anti-Corrosion Coating Market Type, Technology, End-Use Industry, Regional Analysis, and Top Manufacturers| MarketsandMarkets™ 

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Anti-Corrosion Coating Market Type, Technology, End-Use Industry, Regional Analysis, and Top Manufacturers| MarketsandMarkets™ 

March 22
06:28 2023
Anti-Corrosion Coating Market Type, Technology, End-Use Industry, Regional Analysis, and Top Manufacturers| MarketsandMarkets™ 
Browse 133 market data Tables and 74 Figures spread through 220 Pages and in-depth TOC on “Anti-Corrosion Coating Market”
Anti-Corrosion Coating Market by Type (Epoxy, Polyurethane, Acrylic, Alkyd, Zinc), Technology (Solvent, Water, Powder), End-Use Industry (Marine, Oil & Gas, Industrial, Infrastructure, and Power Generation) and Region

Anti-corrosion coatings are protective coatings applied to surfaces to prevent corrosion. These coatings can be used to protect metals, plastics, and other materials from rust and oxidation. They can be applied in a variety of ways, such as painting, dipping, electroplating, and more. Anti-corrosion coatings are becoming more popular as more industries realise the benefits of using them. They can help to protect equipment and components from corrosion, lower maintenance costs, and extend product life.

The global anti-corrosion coating market is estimated to be USD 24.84 billion in 2017 and is projected to reach USD 31.73 billion by 2022, at a CAGR of 5.0% from 2017 to 2022. The market has been segmented on the basis of type, technology, end-use industry, and region.

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The acrylic segment is anticipated to be the fastest-growing type segment of the global anti-corrosion coating market. This growth can be attributed to the increasing demand for acrylic coatings from various end-use industries, such as industrial, infrastructure, and automotive & transportation. 

Based on technology, waterborne technology is projected to grow at the highest CAGR during the forecast period. The eco-friendly nature of waterborne anti-corrosion coatings has contributed to the growing demand for these coatings from industrial and infrastructure industries, thereby influencing the growth of the waterborne technology segment. 

The power generation segment is projected to be the fastest-growing end-use industry segment of the global anti-corrosion coating market. This growth can be attributed to the high demand for anti-corrosion coatings from coal-fired power plants as well as solar and wind energy power plants.

The anti-corrosion coating market in the Asia Pacific region is anticipated to grow at the highest CAGR from 2017 to 2022, owing to the increasing demand for anti-corrosion coatings from the power generation and automotive & transportation industries in this region. In addition, the rising demand for epoxy anti-corrosion coatings across various end-use industries has further provided lucrative growth opportunities to manufacturers of anti-corrosion coatings in the Asia Pacific region. 

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Key players operating in the global anti-corrosion coating market include AkzoNobel N.V. (Netherlands), PPG Industries, Inc. (US), Axalta Coating Systems Ltd. (US), BASF SE (Germany), The Sherwin-Williams Company (US), Ashland Inc. (US), Hempel A/S (Denmark), Jotun (Norway), RPM International Inc. (US), and Kansai Paint Co., Ltd. (Japan). Most of these companies have adopted new product launches and expansions as key growth strategies to strengthen their presence in the global anti-corrosion coating market. Furthermore, the demand for anti-corrosion coatings from various end-use industries has propelled R&D activities for the development of advanced anti-corrosion coatings, thereby providing new growth avenues for anti-corrosion coating manufacturers.

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