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The objective of the Anti-corrosion Coatings Market report is to offer updated information such as the market share, size, trends, emerging markets, earnings, forecasts, and data on leading industry players. This study includes significant and vital information necessary for strategic decision making and have a competitive edge.
In view with the current pandemic analysts at Stratview Research has thoroughly analyzed and presented the following parameters under the detailed Covid – 19 impact analysis in the Anti-corrosion Coatings Market.
Market Insights – The Anti-corrosion Coatings Market is projected to grow from USD 6.36 billion in 2022 to USD 8.69 billion by 2028 at a CAGR of over 5.3% during the forecast period.
Few key players operating in the Anti-corrosion Coatings Market are-
AICA Kogyo Co., Ltd.
Akzo Nobel N.V.
Ashland Global Specialty Chemicals Inc.
BASF SE
Chugoku Marine Paints
Hempel A/S
Jotun
Kansai Paint Co., Ltd.
PPG Industries, Inc.
The Valspar Corporation.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Anti-corrosion Coatings Market value and growth drivers over the trend period of 2022-27. According to the report -
Anti-corrosion Coatings Market is likely to witness a CAGR of 4.3% during the forecast period. Major factors such as growing anti-corrosion coatings’ demand in tag and label applications, growing per capita consumption of metal due to strong economic push and rising per capita income are likely to drive the market for anti-corrosion coatings during the forecast period. Furthermore, the role of anti-corrosion coatings in providing protection to equipment used in the energy industry from extreme weather conditions is expected to fuel the growth of the market.
Segment Analysis:
Based on Mode of Application Type:
Based on the mode of application type, the market is segmented as solvent-based, water-based, and powder. Water-based mode of application is anticipated to register high growth rate in the market owing to the existence of several environmental regulations on the use of solvent-based coatings, promoting the use of water-based coatings. Furthermore, with increased stress on environmental-friendly coatings, many industry partakers are working towards the development of efficient and durable water-based anti-corrosion coatings, that in turn, is boosting the product demand in the market during the forecast period.
Based on Region:
In terms of regions, Asia-Pacific is estimated to be the leading region in the market owing to production and consumption in China. Some of the huge multinational giants and manufacturing ships have production bases in China, making it a major exporter to the rest of the world. The vast demand for anti-corrosion coatings in Asia-Pacific, predominantly from the shipping, energy, and infrastructural industries is further expected to fuel the market growth over the forecast period. Europe and North America are also expected to offer substantial growth opportunities during the forecast period.
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Critical Questions Answered in the Report
l What are the key trends in the global Anti-corrosion Coatings Market?
l How the Anti-corrosion Coatings Market (and its various sub-segments) has grown in the last five years?
l What would be the growth driver and growth rate in next five years?
l What is the impact of COVID-19 on the Anti-corrosion Coatings Market?
l What are the key strategies adopted by the major vendors to lead in the Anti-corrosion Coatings Market?
l What is the market share of the key players?
Target Audience
The following is a list of the customers that the Anti-corrosion Coatings Market aims to convert the most:
l Manufacturing Organizations
l Distributors & Suppliers
l Potential Investors
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