Global Corrosion Protection Coatings Market Overview:
Corrosion protection coatings aim to prevent corrosion of the metals by applying a protective layer on them. Corrosion Protective Coatings are best suited to avoid wear and tear of metals due to corrosion. They are used to avoid corrosion and thereby avoid costs incurred for maintenance. The manufacturer uses various coating materials and techniques to prevent corrosion in different environments to stop oxidization.
Growth Drivers
- Firms Are Facing Increasing Losses Due to Corrosion to The Property as It Takes More Maintenance for The Corroded Properties
- Rise in Construction, Metal Production, in Turn, Increases the Demand for Corrosion Protective Coatings
Market Trends
- The rise in Demand for Organic Coating Systems for Protection of Offshore Metallic Structures
- And Hybrid Coating
- Growing Use of Steel in Plant Structure Fabrication
Roadblocks
- Use of Substitute Metal Alloys Products will Hamper the Corrosion Protective Coatings Market
- Highly Toxic Nature of Some of The Materials Used Like High VOC
Opportunities
- The Growing Demand for Coatings That Can Sustain High Temperature and High Pressure in The Field of Oil and Gas
- Introduction of Solvent-Based Technology Is to Catch Pace Due to Better Adhesion
Challenges
- The Concern related to high Cost to Innovate and Research for The New Better Coating
- Content and High Inflammability Is Expected Give Setbacks to The Involved Players
Competitive Landscape:
Some of the key players profiled in the report are PPG Industries (United States), Akzo Nobel (Netherlands), Jotun A/S (Norway), Diamond Vogel Paints (United States), SK Formulations India Pvt. Ltd. (India), Ancatt (United States), Greenkote PLC (United States), Teknos (Finland), Nippon Paint Co., Ltd. (Japan) and Axalta Coating Systems (United States). Considering Market by Material, the sub-segment i.e. Epoxy will boost the Corrosion Protection Coatings market.
In Feb 2021, Everbite Coatings announced the release of their new product “CrobialCoat” a coating that is supposed to provide long-lasting protection on most surfaces from rust, tarnish, and corrosion
ISO 12944 is a globally recognized standard for rules and guidelines for the protection of assets from corrosion by the use of coating systems and paint. This standard covers paint and coating for steel in atmospheric, immersed, and buried environments.
What Can be Explored with the Corrosion Protection Coatings Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Corrosion Protection Coatings Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Corrosion Protection Coatings
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Corrosion Protection Coatings market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Corrosion Protection Coatings market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Corrosion Protective Coating Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.