PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1484662
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1484662
Corrosion Under Insulation and Spray-on Insulation Coatings Market Size and Share Analysis by Type, Product Type, End User - Global Industry Demand Forecast to 2030
Market Insights
The CUI and SOI coatings market generated a value of USD 1,965.4 million in 2023, and it will increase to USD 2,731.8 million, powering at a 5.0% compound annual growth rate, by 2030.
The growth of advanced coating technologies is boosting the development of the CUI and SOI coatings industry.
Manufacturers are continuously modernizing coatings with greater corrosion resistance, using high-performance ingredients and materials.
They can resist severe environmental aspects, including high humidity and temperatures, along with exposure to highly reactive and corrosive chemicals, therefore effectively shielding metallic surfaces from corrosion below the insulation.
Technological improvement has allowed the formation of SOI and CUI coatings with greater durability.
As operations continuously increase across sectors like oil & gas, petrochemical, chemical, marine, and power, the need for powerful anti-corrosion solutions is increasing.
The infrastructure & pieces of equipment employed in these sectors are susceptible to CUI, which boosts the requirement for coatings to protect these assets and avoid expensive corrosion-associated damage.
Globally, industrialization is boosting the growth of infrastructure such as power plants, chemical plants, manufacturing plants, and refineries.
These installations broadly necessitate insulative materials to sustain temperature differentials as well as energy effectiveness.
Key Insights
APAC is advancing at the fastest compound annual growth rate.
The strong economic development, large infrastructure funding, and robust recognition of the importance of corrosion safety and insulation, in this region, boost this growth.
APAC nations like India, China, South Korea, Japan, and Southeast Asian nations, have observed significant improvements in the petrochemical, oil & gas, manufacturing, and power generation sectors.
The equipment employed in these sectors is very prone to corrosion and, therefore, necessitates robust protective solutions, precisely CUI and SOI coatings.
North America is likely to advance at a significant compound annual growth rate in the years to come.
This is ascribed to the robust government regulations for environmental protection, widespread R&D to improve the CUI & SOI coatings technology, and increasing funding across many sectors.
Regulatory organizations in this continent are imposing stringent regulations to guarantee the safety & integrity of industrial infrastructure.
This has resulted in the increasing acceptance of CUI & SOI coatings to reduce corrosion-associated incidents and extend infrastructure lifespan.
In 2023, the oil & gas and petrochemical category was the largest contributor to the industry, because of the usage of oil & gas byproducts across different sectors, including energy & power and marine, in large volumes.
Because of the challenging environmental situations oil & gas pipelines and machinery are subject to, coating materials are employed to avoid the degradation of their metallic structure.
The epoxy category accounted for the largest share in 2023, of 40%, and it is likely to remain the largest throughout this decade.
The need for epoxy-based coatings has observed a significant development as they play a key part in defending industrial infrastructure and equipment from corrosion and insulating them against temperature changes.
Epoxy-based coatings have appeared as preferred substitutes because of their high-quality advantages as well as overall great performance in severe environments.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by type
- 1.4.2. Market size breakdown, by product type
- 1.4.3. Market size breakdown, by end user
- 1.4.4. Market size breakdown, by region
- 1.4.5. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.5.1. Volume
- 1.5.2. Value
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Volume, by Type (2019-2030)
- 6.3. Market Revenue, by Type (2019-2030)
- 6.4. Market Volume, by Product Type (2019-2030)
- 6.5. Market Revenue, by Product Type (2019-2030)
- 6.6. Market Volume, by End User (2019-2030)
- 6.7. Market Revenue, by End User (2019-2030)
- 6.8. Market Volume, by Region (2019-2030)
- 6.9. Market Revenue, by Region (2019-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Volume, by Type (2019-2030)
- 7.3. Market Revenue, by Type (2019-2030)
- 7.4. Market Volume, by Product Type (2019-2030)
- 7.5. Market Revenue, by Product Type (2019-2030)
- 7.6. Market Volume, by End User (2019-2030)
- 7.7. Market Revenue, by End User (2019-2030)
- 7.8. Market Volume, by Country (2019-2030)
- 7.9. Market Revenue, by Country (2019-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Volume, by Type (2019-2030)
- 8.3. Market Revenue, by Type (2019-2030)
- 8.4. Market Volume, by Product Type (2019-2030)
- 8.5. Market Revenue, by Product Type (2019-2030)
- 8.6. Market Volume, by End User (2019-2030)
- 8.7. Market Revenue, by End User (2019-2030)
- 8.8. Market Volume, by Country (2019-2030)
- 8.9. Market Revenue, by Country (2019-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Volume, by Type (2019-2030)
- 9.3. Market Revenue, by Type (2019-2030)
- 9.4. Market Volume, by Product Type (2019-2030)
- 9.5. Market Revenue, by Product Type (2019-2030)
- 9.6. Market Volume, by End User (2019-2030)
- 9.7. Market Revenue, by End User (2019-2030)
- 9.8. Market Volume, by Country (2019-2030)
- 9.9. Market Revenue, by Country (2019-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Volume, by Type (2019-2030)
- 10.3. Market Revenue, by Type (2019-2030)
- 10.4. Market Volume, by Product Type (2019-2030)
- 10.5. Market Revenue, by Product Type (2019-2030)
- 10.6. Market Volume, by End User (2019-2030)
- 10.7. Market Revenue, by End User (2019-2030)
- 10.8. Market Volume, by Country (2019-2030)
- 10.9. Market Revenue, by Country (2019-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Volume, by Type (2019-2030)
- 11.3. Market Revenue, by Type (2019-2030)
- 11.4. Market Volume, by Product Type (2019-2030)
- 11.5. Market Revenue, by Product Type (2019-2030)
- 11.6. Market Volume, by End User (2019-2030)
- 11.7. Market Revenue, by End User (2019-2030)
- 11.8. Market Volume, by Country (2019-2030)
- 11.9. Market Revenue, by Country (2019-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Volume, by Type (2019-2030)
- 12.3. Market Revenue, by Type (2019-2030)
- 12.4. Market Volume, by Product Type (2019-2030)
- 12.5. Market Revenue, by Product Type (2019-2030)
- 12.6. Market Volume, by End User (2019-2030)
- 12.7. Market Revenue, by End User (2019-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Volume, by Type (2019-2030)
- 13.3. Market Revenue, by Type (2019-2030)
- 13.4. Market Volume, by Product Type (2019-2030)
- 13.5. Market Revenue, by Product Type (2019-2030)
- 13.6. Market Volume, by End User (2019-2030)
- 13.7. Market Revenue, by End User (2019-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Volume, by Type (2019-2030)
- 14.3. Market Revenue, by Type (2019-2030)
- 14.4. Market Volume, by Product Type (2019-2030)
- 14.5. Market Revenue, by Product Type (2019-2030)
- 14.6. Market Volume, by End User (2019-2030)
- 14.7. Market Revenue, by End User (2019-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Volume, by Type (2019-2030)
- 15.3. Market Revenue, by Type (2019-2030)
- 15.4. Market Volume, by Product Type (2019-2030)
- 15.5. Market Revenue, by Product Type (2019-2030)
- 15.6. Market Volume, by End User (2019-2030)
- 15.7. Market Revenue, by End User (2019-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Volume, by Type (2019-2030)
- 16.3. Market Revenue, by Type (2019-2030)
- 16.4. Market Volume, by Product Type (2019-2030)
- 16.5. Market Revenue, by Product Type (2019-2030)
- 16.6. Market Volume, by End User (2019-2030)
- 16.7. Market Revenue, by End User (2019-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Volume, by Type (2019-2030)
- 17.3. Market Revenue, by Type (2019-2030)
- 17.4. Market Volume, by Product Type (2019-2030)
- 17.5. Market Revenue, by Product Type (2019-2030)
- 17.6. Market Volume, by End User (2019-2030)
- 17.7. Market Revenue, by End User (2019-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Volume, by Type (2019-2030)
- 18.3. Market Revenue, by Type (2019-2030)
- 18.4. Market Volume, by Product Type (2019-2030)
- 18.5. Market Revenue, by Product Type (2019-2030)
- 18.6. Market Volume, by End User (2019-2030)
- 18.7. Market Revenue, by End User (2019-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Volume, by Type (2019-2030)
- 19.3. Market Revenue, by Type (2019-2030)
- 19.4. Market Volume, by Product Type (2019-2030)
- 19.5. Market Revenue, by Product Type (2019-2030)
- 19.6. Market Volume, by End User (2019-2030)
- 19.7. Market Revenue, by End User (2019-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Volume, by Type (2019-2030)
- 20.3. Market Revenue, by Type (2019-2030)
- 20.4. Market Volume, by Product Type (2019-2030)
- 20.5. Market Revenue, by Product Type (2019-2030)
- 20.6. Market Volume, by End User (2019-2030)
- 20.7. Market Revenue, by End User (2019-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Volume, by Type (2019-2030)
- 21.3. Market Revenue, by Type (2019-2030)
- 21.4. Market Volume, by Product Type (2019-2030)
- 21.5. Market Revenue, by Product Type (2019-2030)
- 21.6. Market Volume, by End User (2019-2030)
- 21.7. Market Revenue, by End User (2019-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Volume, by Type (2019-2030)
- 22.3. Market Revenue, by Type (2019-2030)
- 22.4. Market Volume, by Product Type (2019-2030)
- 22.5. Market Revenue, by Product Type (2019-2030)
- 22.6. Market Volume, by End User (2019-2030)
- 22.7. Market Revenue, by End User (2019-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Volume, by Type (2019-2030)
- 23.3. Market Revenue, by Type (2019-2030)
- 23.4. Market Volume, by Product Type (2019-2030)
- 23.5. Market Revenue, by Product Type (2019-2030)
- 23.6. Market Volume, by End User (2019-2030)
- 23.7. Market Revenue, by End User (2019-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Volume, by Type (2019-2030)
- 24.3. Market Revenue, by Type (2019-2030)
- 24.4. Market Volume, by Product Type (2019-2030)
- 24.5. Market Revenue, by Product Type (2019-2030)
- 24.6. Market Volume, by End User (2019-2030)
- 24.7. Market Revenue, by End User (2019-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Volume, by Type (2019-2030)
- 25.3. Market Revenue, by Type (2019-2030)
- 25.4. Market Volume, by Product Type (2019-2030)
- 25.5. Market Revenue, by Product Type (2019-2030)
- 25.6. Market Volume, by End User (2019-2030)
- 25.7. Market Revenue, by End User (2019-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Volume, by Type (2019-2030)
- 26.3. Market Revenue, by Type (2019-2030)
- 26.4. Market Volume, by Product Type (2019-2030)
- 26.5. Market Revenue, by Product Type (2019-2030)
- 26.6. Market Volume, by End User (2019-2030)
- 26.7. Market Revenue, by End User (2019-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Volume, by Type (2019-2030)
- 27.3. Market Revenue, by Type (2019-2030)
- 27.4. Market Volume, by Product Type (2019-2030)
- 27.5. Market Revenue, by Product Type (2019-2030)
- 27.6. Market Volume, by End User (2019-2030)
- 27.7. Market Revenue, by End User (2019-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Volume, by Type (2019-2030)
- 28.3. Market Revenue, by Type (2019-2030)
- 28.4. Market Volume, by Product Type (2019-2030)
- 28.5. Market Revenue, by Product Type (2019-2030)
- 28.6. Market Volume, by End User (2019-2030)
- 28.7. Market Revenue, by End User (2019-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. Akzo Nobel N.V
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. Hempel A/S
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. The Sherwin-Williams Company
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. Jotun A/S
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. Carboline Company
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. Kansai Paint Co. Ltd.
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.7. Tnemec Company Inc.
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
- 30.8. Nippon Paint Holdings Co. Ltd.
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
- 30.9. Syneffex, Inc.
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
- 30.10. SPI Performance Coatings
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports
