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PUBLISHER: Grand View Research | PRODUCT CODE: 1571803
PUBLISHER: Grand View Research | PRODUCT CODE: 1571803
Corrosion Protective Coatings Market Size, Share & Trends Analysis Report By Product (Solvent-borne, Water-borne and Powder Coatings), By Material, By Application, By Region, And Segment Forecasts, 2024 - 2030
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Corrosion Protective Coatings Market Growth & Trends:
The global corrosion protective coatings market size is expected to reach USD 33.28 billion by 2030, registering a CAGR of 7.4%, according to a new report by Grand View Research, Inc. Rising industrial production coupled with growing spending by regional governments on infrastructure development in emerging countries of Asia Pacific and the Middle East is expected to drive global corrosion protective coatings market growth over the next eight years.
Growing demand for ships for commercial and naval applications coupled with rising investment in ship repairing activities from emerging economies including China, India is expected to drive the market demand over the forecast period. Growing application scope in paper and pulp industry owing to the presence of acidic and corrosive atmosphere in the plant is likely to fuel growth over next eight years.
The rapid growth of the automotive industry in the emerging economies including Asia Pacific and Latin America owing to rising demand for automobiles and rising disposable income of consumers is expected to drive the growth over the forecast period. Growing application scope in rust and corrosion prevention of vehicle body and other metal components is likely to augment market growth. In addition, rising use of waterborne corrosion protective coatings as electrocoating is expected to drive the market demand.
Solvent borne corrosion coatings accounted for a major share of market volume. Wide application scope of epoxy coating and their ability to serve in various operating conditions is expected to drive the market growth. However, rising concern regarding the toxic nature of the solvent borne corrosion protective coating is expected to pose a challenge to market growth over the forecast period.
Corrosion Protective Coatings Market Report Highlights:
- The solvent-borne segment dominated the market with 82.1% of revenue share in 2023. This is due to its superior performance characteristics, including excellent adhesion, durability, and chemical resistance.
- The industrial segment is projected to grow at a CAGR of 4.6% over the forecast period. This is due to the exposure of industrial equipment and machinery to harsh operating conditions.
- Epoxy based corrosion coatings held the largest market share owing to its wide-scale application in various end-use industries including construction, automotive, manufacturing and oil & gas.
- Asia Pacific accounted for the largest market share of over 45.2% in 2023. Easier raw material availability coupled with cheaper manufacturing costs is expected to drive market growth.
Product Code: 978-1-68038-964-7
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Corrosion Protective Coatings Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Market Size and Growth Prospects (USD Billion, Volume in Kilo Tons)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.4. Corrosion Protective Coatings Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
- 3.4.1. Porter's Analysis
Chapter 4. Corrosion Protective Coatings Market: Product Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Corrosion Protective Coatings Market: Product Movement Analysis, 2023 & 2030 (USD Million, Volume in Kilo Tons)
- 4.3. Solvent-borne
- 4.3.1. Solvent-borne Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
- 4.4. Water-borne
- 4.4.1. Water-borne Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
- 4.5. Powder Coatings
- 4.5.1. Powder Coatings Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
Chapter 5. Corrosion Protective Coatings Market: Material Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Corrosion Protective Coatings Market: Material Movement Analysis, 2023 & 2030 (USD Million, Volume in Kilo Tons)
- 5.3. Alkyd
- 5.3.1. Alkyd Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
- 5.4. Acrylic
- 5.4.1. Acrylic Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
- 5.5. Epoxy
- 5.5.1. Epoxy Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
- 5.6. Polyurethane
- 5.6.1. Polyurethane Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
- 5.7. Zinc
- 5.7.1. Zinc Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
- 5.8. Others
- 5.8.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
Chapter 6. Corrosion Protective Coatings Market: Application Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Corrosion Protective Coatings Market: Application Movement Analysis, 2023 & 2030 (USD Million, Volume in Kilo Tons)
- 6.3. Marine
- 6.3.1. Marine Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
- 6.4. Oil & Gas
- 6.4.1. Oil & Gas Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
- 6.5. Construction
- 6.5.1. Construction Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
- 6.6. Industrial
- 6.6.1. Industrial Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
- 6.7. Automotive
- 6.7.1. Automotive Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
- 6.8. Others
- 6.8.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
Chapter 7. Corrosion Protective Coatings Market: Regional Estimates & Trend Analysis
- 7.1. Corrosion Protective Coatings Market Share, By Region, 2023 & 2030 (USD Million, Volume in Kilo Tons)
- 7.2. North America
- 7.2.1. North America Corrosion Protective Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
- 7.2.2. U.S.
- 7.2.2.1. U.S. Corrosion Protective Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
- 7.2.3. Canada
- 7.2.3.1. Canada Corrosion Protective Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
- 7.2.4. Mexico
- 7.2.4.1. Mexico Corrosion Protective Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
- 7.3. Europe
- 7.3.1. Europe Corrosion Protective Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
- 7.3.2. UK
- 7.3.2.1. UK Corrosion Protective Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
- 7.3.3. Germany
- 7.3.3.1. Germany Corrosion Protective Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
- 7.3.4. France
- 7.3.4.1. France Corrosion Protective Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
- 7.3.5. Italy
- 7.3.5.1. Italy Corrosion Protective Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
- 7.3.6. Spain
- 7.3.6.1. Spain Corrosion Protective Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Corrosion Protective Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
- 7.4.2. China
- 7.4.2.1. China Corrosion Protective Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
- 7.4.3. Japan
- 7.4.3.1. Japan Corrosion Protective Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
- 7.4.4. India
- 7.4.4.1. India Corrosion Protective Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
- 7.4.5. Indonesia
- 7.4.5.1. Indonesia Corrosion Protective Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
- 7.4.6. Malaysia
- 7.4.6.1. Malaysia Corrosion Protective Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
- 7.4.7. Thailand
- 7.4.7.1. Thailand Corrosion Protective Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
- 7.4.8. Australia
- 7.4.8.1. Australia Corrosion Protective Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
- 7.5. Central & South America
- 7.5.1. Latin America Corrosion Protective Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
- 7.5.2. Argentina
- 7.5.2.1. Argentina Corrosion Protective Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
- 7.5.3. Brazil
- 7.5.3.1. Brazil Corrosion Protective Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
- 7.6. Middle East and Africa
- 7.6.1. Middle East and Africa Corrosion Protective Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
- 7.6.2. Saudi Arabia
- 7.6.2.1. Saudi Arabia Corrosion Protective Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
- 7.6.3. UAE
- 7.6.3.1. UAE Corrosion Protective Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
- 7.6.4. Qatar
- 7.6.4.1. Qatar Corrosion Protective Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
- 7.6.5. Oman
- 7.6.5.1. Oman Corrosion Protective Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
- 7.6.6. South Africa
- 7.6.6.1. South Africa Corrosion Protective Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Kilo Tons)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis by Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Heat Map Analysis
- 8.4. Company Profiles
- 8.4.1. Akzo Nobel N.V.
- 8.4.1.1. Participant's Overview
- 8.4.1.2. Financial Performance
- 8.4.1.3. Product Benchmarking
- 8.4.1.4. Recent Developments/ Strategic Initiatives
- 8.4.2. PPG Industries, Inc.
- 8.4.2.1. Participant's Overview
- 8.4.2.2. Financial Performance
- 8.4.2.3. Product Benchmarking
- 8.4.2.4. Recent Developments/ Strategic Initiatives
- 8.4.3. Jotun
- 8.4.3.1. Participant's Overview
- 8.4.3.2. Financial Performance
- 8.4.3.3. Product Benchmarking
- 8.4.3.4. Recent Developments/ Strategic Initiatives
- 8.4.4. Sherwin Williams Co.
- 8.4.4.1. Participant's Overview
- 8.4.4.2. Financial Performance
- 8.4.4.3. Product Benchmarking
- 8.4.4.4. Recent Developments/ Strategic Initiatives
- 8.4.5. Kansai Paint Co., Ltd.
- 8.4.5.1. Participant's Overview
- 8.4.5.2. Financial Performance
- 8.4.5.3. Product Benchmarking
- 8.4.5.4. Recent Developments/ Strategic Initiatives
- 8.4.6. 3M
- 8.4.6.1. Participant's Overview
- 8.4.6.2. Financial Performance
- 8.4.6.3. Product Benchmarking
- 8.4.6.4. Recent Developments/ Strategic Initiatives
- 8.4.7. Sika AG
- 8.4.7.1. Participant's Overview
- 8.4.7.2. Financial Performance
- 8.4.7.3. Product Benchmarking
- 8.4.7.4. Recent Developments/ Strategic Initiatives
- 8.4.8. Axalta Coating Systems Ltd.
- 8.4.8.1. Participant's Overview
- 8.4.8.2. Financial Performance
- 8.4.8.3. Product Benchmarking
- 8.4.8.4. Recent Developments/ Strategic Initiatives
- 8.4.9. BASF SE
- 8.4.9.1. Participant's Overview
- 8.4.9.2. Financial Performance
- 8.4.9.3. Product Benchmarking
- 8.4.9.4. Recent Developments/ Strategic Initiatives
- 8.4.10. Nippon Paint Holdings Co., Ltd.
- 8.4.10.1. Participant's Overview
- 8.4.10.2. Financial Performance
- 8.4.10.3. Product Benchmarking
- 8.4.10.4. Recent Developments/ Strategic Initiatives
- 8.4.11. NYCOTE
- 8.4.11.1. Participant's Overview
- 8.4.11.2. Financial Performance
- 8.4.11.3. Product Benchmarking
- 8.4.11.4. Recent Developments/ Strategic Initiatives
- 8.4.12. Hempel A/S
- 8.4.12.1. Participant's Overview
- 8.4.12.2. Financial Performance
- 8.4.12.3. Product Benchmarking
- 8.4.12.4. Recent Developments/ Strategic Initiatives
- 8.4.1. Akzo Nobel N.V.
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