Anti-Corrosive Coatings Market Size, Share, Growth, Trends, Analysis and Forecast 2020 to 2030

MUMBAI, India - May 17, 2021 - PRLog -- Anti-corrosive coatings are used to protect metal or other surfaces from natural degradation caused by different corrosive agents such as moisture, chemicals, and salt. Globally, corrosions are leading to huge losses across various industries. It also weakens the infrastructure, posing a threat to property and life. Anti-corrosive coatings are one of the most effective and economical solutions available in the market. The anti-corrosive coatings act as a barrier between the surface and corrosive materials. Dyes, paints, and pigments are some of the commonly used anti-corrosive coatings. These coatings are used extensively in marine, oil and gas, petrochemicals, infrastructure, and power generation to name a few.

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/reports/anti-corrosion-coating-market

Key Players:

• 3M Co.
• AkzoNobel N.V.
• BASF SE
• Hempel A/S
• Kansai Paints Co., Ltd
• Nippon Paints Co. Ltd.
• PPG Industries, Inc.
• The Sherwin-Williams Company
• Axalta Coating Systems Ltd.
• The Dow Chemical Company
• Wacker Chemie AG.