PotableWater Tank Coatings: Introduction
· Water that can be used for drinking purposes is termed potablewater, whether it is used as such or not. Potable water tanks can be defined asthose used to store drinking/potable water. They are commonly used inresidential and housing infrastructure. However, these tanks are also employedin a wide range of other infrastructure such as industrial facilities,commercial buildings, and passenger ships.
· Potable water tank coatings need to perform several functions.They need to ensure that external environment does not harm the tank and itsquality. Potable water tank coatings need to withstand changes in temperatureand also resist wear and tear factors such as corrosion. Coatings on theinterior part of the tank should not contaminate stored water and vice versa.This particular function of coatings is vital from the point of view of healthof those drinking water from such potable water tanks. Smell or taste of wateris not affected by coatings. Re-coating of a tank is also an important functionserved by potable water tank coatings. The lifespan of a potable water tank canbe longer than a decade; however, its coating might need to be replaced.Potable water tank coatings are formulated to be functional in wide-rangingtemperatures. They are hygienic and provide resistance to chemicals.
Key Drivers and Restraints of Global Potable Water Tank CoatingsMarket
The potablewater tank coatings market is highly dependent upon the constructiontaking place in different parts of the world, especially residential andcommercial buildings. Availability of quality drinking water is another factorthat significantly affects the potable water tank coatings market. Rise inwater scarcity around the world has led to an increase in storage of water.This trend is expected to continue during the forecast period, thus driving thepotable water tank coatings market.
· Potable water tank coatings are governed by strict regulations,as they can directly affect the health of a large share of population. Thereexists a wide range of classification societies that provide certificatesstating the suitability of a coating’s prolonged contact with water. Suchcertifications are important for companies that plan to sell potable water tankcoatings. These certifications not only ease customer fears, but also providequality to products and state their compliance with government regulations.
Potable Water Tank Coatings: Type Segment
· Based on type, the potable water tank coatings market can bebifurcated into solvent-based, solvent-free, and others
· The others segment includes ceramic epoxy potable water coatingsand epoxy primers. Different types of coatings have different methods ofapplication and downtimes. For instance, certain coatings allow tanks to startservice in just two to three days. In other cases, certain coatings may require10 to 12 days. Certain coatings can be sprayed on tanks, while others need tobe applied with a brush or roller.
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COVID-19Impact on Potable Water Tank Coatings Market
· The COVID-19 pandemic has impacted a large number of countriesacross the globe. Various measures introduced to combat the pandemic such aslockdown, fall in trade activities, and temporary closure of various factoriesand workplaces in several countries could save lives, but they carry wide-rangingeconomic effects that can induce economic contagion.
· The COVID-19 pandemic has affected various sectors of economiesacross the globe. Key segments of manufacturing were shut down in severalcountries across the globe in response to the lockdown orders issued bygovernments of these countries and the suspension of public transport servicesin many places across the globe.
· Shortage in supply of raw materials from various manufacturersaround the globe has resulted in a severe demand-supply gap. Manufacturers areexpected to be stranded on raw material orders owing to the logistics industrybeing significantly impacted due to the lockdown triggered by the COVID-19pandemic. Lockdown in various countries across the globe has prohibited importof raw materials required in the production of portable water tank coatings,thereby hampering the market.
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Asia Pacific to Dominate Potable Water Tank Coatings Market
· In terms of region, the global potable water tank coatingsmarket can be divided into North America, Europe, Asia Pacific, Latin America,and Middle East & Africa
· North America dominates the global potable water tank coatingsmarket owing to rapid rise in demand for portable tanks in the region
· In terms of volume, Europe is expected to be a key region of theglobal potable water tank coatings market in the near future
· Asia Pacific is estimated to be a rapidly growing region of themarket in terms of volume during the forecast period
· Latin America, especially Brazil, is projected to be asignificant user of potable water tank coatings in the next few years
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Key Manufacturers Operating in Global Potable Water TankCoatings Market
The globalpotable water tank coatings market was consolidated in 2020. Major players haveprominent presence in developed and developing countries. Key manufacturersoperating in the global potable water tank coatings market include:
· Hempel A/S
· Induron Coatings Inc.
· Jotun
· Akzo Nobel N.V.
· Chemco International Ltd.
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