Global Acid Proof Lining Market: Overview
Acid prooflinings have gained traction owing to its extensive use in several applicationsacross many industries. It can thwart cases of industrial failures caused bycorrosive damages. In addition, acid proof linings offer durability, whichaccentuates its demand across several industry verticals. The global acid prooflining market is likely to experience substantial growth over the period ofassessment as several end users are taking up proper maintenance procedures toensure durability of these linings.
The globalacid proof lining market has been segmented on the basis of fourparameters, namely end use, form, product, and region.
Global Acid Proof Lining Market:Notable Developments
The globalacid proof lining market has witnessed some developments in the last few years.One such significant development in the market is mentioned below:
· In June 2017, The Sherwin-Williams Company completed itsacquisition of The Valspar Corporation. The latter has been a prominentmanufacturer of coatings and paint. This acquisition is expected to create a topnotchbrand portfolio, leading technology, broad range of products, and innovativeplatforms that would extend the global reach of the products, including acidproof lining products. Improved capabilities of the companies are anticipatedto benefit the customers.
· The Sherwin-Williams Company
· Axalta Coating Systems Limited
· BASF SE
· Jotun Chemicals Company
· Ashland Global Holdings
· Hempel Group
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Global Acid Proof Lining Market: KeyTrends
Thefollowing drivers, restrains, and opportunities is expected to shape the futurecourse of the global acid proof lining market during the study tenure, from2019 to 2027.
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Resistance to Damage Caused by Acidand External Environmental Factors Boosts Demand
Acid prooflining resists the damage caused by acid in manufacturing and chemicalindustries and it protects infrastructure and equipment from dangerous exposureto acid. These linings come as coatings that safeguards fiberglass, structuresof steel, concrete, and plastic piping against strong alkalis, solvents, andacids in various industries. These linings come with properties that willenhance mechanical strength of equipment used at various industries. Protectionagainst increased temperature and mechanical abuse are one of many propertiesthat make these linings popular. As such, the global acid proof lining marketis likely to gather momentum from multiple use and properties of the lining product.
Acid prooflining help industries cut down on the maintenance cost of industrial equipmentin the long term, which benefits growth of the global acid proof lining marketin years to come. These linings prevent damage to equipment caused by external environmentalfactors like salt spray, oxidation, and moisture.
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Rapidindustrialization is another factor that is likely to support growth of theglobal acid proof lining market over the tenure of assessment.Industrialization brings accelerated manufacturing activities, which thendeploy more of machineries and equipment to meet the increasing demand of thepeople and economy as a whole. According to the UN’s Industrial DevelopmentReport, global manufactured exports increased by 6.5%, from 2000 to 2015. Thedeveloping countries that are making rapid strides toward industrializationmostly drive such high manufacturing exports.
Global Acid Proof Lining Market:Geographical Analysis
MiddleEast & Africa, Asia-Pacific, Europe North America, and Latin America arethe key regional segments of the global acid proof lining market.
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