DUBLIN, October 18, 2021--(BUSINESS WIRE)--The "Global Anti-corrosion Coatings Market Outlook to 2026" report has been added to ResearchAndMarkets.com's offering.
The global Anti-corrosion coatings market is expected to witness considerable growth rate during the forecast period. An increase in construction activities globally, especially in Asian countries such as China and India, and growing demand in the oil & gas industry is the primary market driving factor.
Further, high demand in the marine industry also affects the anti-corrosion coatings market positively. However, environmental regulations, such as constraints related to volatile organic compounds (VOCs) is expected to hinder the market growth in the forecasted period.
Asia-Pacific is expected to lead the market owing to rising marine industries in countries like China Japan, and South Korea as well as new shipping hubs emerging in Vietnam, India, and the Philippines. Furthermore, the oil and gas industries occupy a good share of the anti-corrosion coating market, in terms of revenue in the Asia-Pacific region. Therefore, the market for Anti-corrosion coatings in Asia-Pacific is expected to witness a significant growth rate during the forecast period.
Building and construction is one of the largest end-users of anti-corrosion coatings due to rapid urbanization which has positively contributed to the growth of various sectors like construction, chemical, and power generation. Further, according to the United Nations, as of 2020, 33 megacities in the world requires planned habitation for the rapidly growing urban population rate of 1.84%.
Moreover, corrosion of reinforcing steel in concrete is a persistent problem worldwide that has led to structure deterioration at an extremely high rate. The corrosion issue makes up for more than 80% of all damage to reinforced concrete structures leading to further drive the studied market.
Some of the key players in the market are PPG Industries Inc., AkzoNobel NV, Nippon Paints, RPM International Inc., and The Sherwin-Williams Company, among others.
Key Topics Covered:
1. Executive Summary
2. Research Scope and Methodology
2.1 Aim & Objective of the study
2.2 Market Definition
2.3 Study Information
2.4 General Study Assumptions
2.5 Research Phases
3. Market Analysis
3.2 Market Dynamics
3.3 Market Trends & Developments
3.4 Market Opportunities
3.5 Feedstock Analysis
3.6 Regulatory Policies
3.7 Analysis of Covid-19 Impact
4. Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter's Five Forces Analysis
5. Market Segmentation & Forecast
5.1 By Resin
5.2 By Technology
5.3 By End-User Industry
5.3.1 Oil & Gas
5.3.4 Power Generation
5.3.5 Water & Sewage
6. Regional Market Analysis
7. Key Company Profiles
7.1 PPG Industries, Inc.
7.2 AkzoNobel NV
7.3 Nippon Paint Holdings Co., Ltd.
7.4 RPM International Inc.
7.5 The Sherwin-Williams Company
7.6 Arkema Group
7.7 BASF SE
7.8 Beckers Group
7.9 H.B. Fuller Company
7.10 Hempel Group
For more information about this report visit https://www.researchandmarkets.com/r/2wg182
View source version on businesswire.com: https://www.businesswire.com/news/home/20211018005638/en/
Laura Wood, Senior Press Manager
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