Anti-Corrosion Paints Market (By Type: Water-Based, Solvent-Based, Powder-Based; By Application: Marine, Oil & Gas, Industrial, Infrastructure, Power Generation, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2025

Introduction

Anti-corrosion paints mainly refers to the paint which contains corrosive-resistant pigments such as zinc chromate, lead chromate, or red lead, and linseed oil used as a binder in the anti-corrosion paints. The anti-corrosion paint protect from corrosion by reducing the direct contact of air and water to the metal. The principle of anti-corrosion paint is to protect metal surfaces and also act as a barrier to hold back the contact between chemical compounds or corrosive material. The anti corrosion paints prevents industrial equipment against degradation due to exposure, or oxidation, salt spray, and moisture from industrial chemicals. The most reliable corrosion prevention methods used by industries are anti-corrosive paints; as it offers continuous protecting layers to protect industry equipment from the harsh effects of corrosion and abrasion. Anti-corrosion paints are majorly used to protect equipment used in marine, oil & gas, industrial, infrastructure, and power generation end-user industries. Desired characteristics of anti-corrosion paint include rust prevention, abrasion resistance, impact resistance, and water resistance. Anti-corrosion is cheap in price and provides long lasting corrosion protection.

Market Dynamics

Up gradation of infrastructure, increasing losses owing to corrosion and growing end-user industry such as infrastructure, oil & gas, and power generation are the prime driving factors of the market. Other factor that drives market is rising demand of anti-corrosion paint in automotive industry. As it plays a large role in the automotive sector by providing the thickness and composition of protective layers which must be correct to ensure the effectiveness of rust protection for bodywork and chassis. However, environment regulation might impact the growth of anti-corrosion paint, as raw material used during production of anti-corrosion paint is hazardous to environment and human health. However, developing regions and demand about high efficiency anti-corrosion paint are projected offer growth opportunities for the manufacturers of this market during the forecast period (2018-2025).

Among all anti-corrosion paint types, powder-based held major market share. Powder-based paints have wide range of applications such as automobiles, pipelines, domestic appliances, architecture, IT and telecoms. Powder-based anti-corrosion paint is anticipated to be growing at the utmost rate, owing to its zero volatile organic compounds (VOCs) emission and eco-friendly nature. In addition, if offers variety of benefits such as resistance to chalking, scratch resistance, superior durability, and gloss retention which make them suitable for use in automotive, construction, and oil & gas industries. Furthermore, powder based anti-corrosion paints are likely to grow at the highest CAGR due to its zero volatile organic compounds emission and eco-friendly in nature. A wide range of construction companies are adopting powder coating to offer long term exterior finishes for outdoor venues and public works projects. However, solvent based anti-corrosion paints captured the maximum share by revenue of the overall market and is expected to grow at moderate rate during forecasted period. The rise in demand of solvent based due to its superior block resistance features, take less time to dry, and wide range of applications.

The market research study on “Anti-Corrosion Paints Market (By Type: Water-Based, Solvent-Based, Powder-Based; By Application: Marine, Oil & Gas, Industrial, Infrastructure, Power Generation, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2025” offers a detailed insights on the global anti-corrosion paint market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global anti-corrosion paints market, its type, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global anti-corrosion paints market size and volume, and segment markets by type, application, and geography along with the information on companies operating in the market. The anti-corrosion paints market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Central & South-America, and Middle East & Africa followed by major countries. For each region, the market size and volume for different segments has been covered under the scope of report. In terms of demand, Asia Pacific is expected to dominate the global high performance anti-corrosion paint market in the near future, due to increase in end users such as oil & gas, marine, construction, and power generation. In Europe, demand for high performance anti-corrosion paint is estimated to be steadydue to stringent governmental regulations coupled with saturated end-users market in North America region. However, in forecasted period the stable growth of high performance anti-corrosion paint is likely to be supported by the power generation industry. Latin America is likely to witness slow growth, while Middle East & Africa is anticipated to be the fastest-growing market for high performance anti-corrosion paints during forecasted period.

The players profiled in the report include Azkonobel, PPG, Sherwin-Williams, Henkel, Jotun A/S, RPM International Inc., Nippon Paint Holdings Co., Ltd., BASF SE, Chugoku Marine Paints, Ltd, Hempel, 3M, Axalta, Sika, KCC Corporation among others.
The global anti-corrosion paints market is segmented as below:

Market Segmentation

Market By Type

• Water-Based
• Solvent-Based
• Powder-Based

Market By Application

• Marine
• Oil & Gas
• Industrial
• Infrastructure
• Power Generation
• Others

Market By Geography

• North America
• Europe
• Asia-Pacific
• Central & South-America
• Middle East & Africa