Anti-Corrosive Coatings Market Size, Share, Growth, Trends, Analysis and Forecast 2020 to 2030
The Global Anti-corrosion Coating market size is estimated to reach USD 53.2 billion, at a CAGR OF 8.0% from 2020-2030.
Anti-Corrosive Coatings Market size is estimated to be USD 24.6 billion in 2020 and anticipated to reach USD 53.2 billion, at a CAGR OF 8.0% from 2020-2030 as per the new report published by Decision Foresight.
According to the report, anti-corrosive coatings have become a need of an hour for industries to protect investments they make in form of machinery, property, and labor thus creating demand across various industries. Moreover, the increase in investments in the construction industry, marine industry in India and China, demand from the shipbuilding industry for repair and maintenance activities, are accountable for change in the industry, and thus are expected to drive the growth of anti–corrosive coatings.
During the last three years, the US has surpassed both Russia and Saudi Arabia as the world's leading producer of oil and natural gas. As the installation of pipelines has increased, so does the threat of corrosions, which indicates demand for anti-corrosive coatings for pipeline protection. Interstate Natural Gas Association of America states that gas consumption in the US and Canada will grow at a rate of 1.2% each year till 2035, which will result in constructing more than half a million pipelines.
Browse key insights, market data & figures from the report: https://www.decisionforesight.com/
Page Updated Last on: May 19, 2021