The global corrosion protective coating and acid proof lining market is on track to achieve a valuation of USD 47,928.96 million by 2023. Driven by rising industrial activities and a growing need for durable protection solutions, the market is expected to maintain a steady CAGR of 5.7% from 2023 to 2033, reaching USD 83,434.92 million by the end of the forecast period.
Key factors fueling market growth include increasing demand in sectors like chemical processing and water treatment, as well as infrastructure development, where effective maintenance and protection solutions are critical.
Key Takeaways
- The polymer coating segment is expected to capture 66.5% of the market share between 2023 and 2033.
- The waterborne technology segment will hold a 45.8% share over the same period.
- Regionally, Canada is expected to experience a CAGR of 6.7%, while the United States will grow at 7.3%.
- Other notable markets include United Kingdom (6.8% CAGR), France (6.5% CAGR), Germany (6.6% CAGR), India (8.0% CAGR), and China (7.5% CAGR).
Competitive Landscape
- Market Competitors: Numerous players are active in the highly competitive corrosion protective coating and acid-proof lining market.
- Industry Applications: Manufacturers serve a variety of sectors, including Oil and gas, Automotive, Marine, Construction, Power generation.
- Product Range: A wide array of corrosion protection products and solutions is offered.
- Sustainability Focus: Leading manufacturers are prioritizing research and development to create advanced, eco-friendly products.
Key companies
- BASF Coatings GmbH
- PPG Industries Inc.
- Sherwin-Williams
- Ashland Inc.
- Axalta Coatings Ltd.
- Hempel A/S
- International Paint Limited
- Jotun A/S
Key Segments
By End Use:
- Marine
- Oil and Gas
- Power Generation
- Construction
- Automotive
- Transportation Vehicles
- Chemicals
- Mining and Metallurgy
- Others
By Product Type:
- Corrosion Protective Coating
- Polymer Coatings
- Rubber Lining Systems
- Acid Proof Lining
- Ceramic and Carbon Brick Lining
- Tile Lining
- Thermoplastics Lining
By Technology:
- Solvent-Borne
- Waterborne
- Powder-Based
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- The Middle East and Africa
Report Preview: https://www.futuremarketinsights.com/reports/global-corrosion-protective-coatings-market
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