Pune, India -- (SBWire) -- 09/25/2018 --Market Overview
Anti-rust coating is used to prevent corrosion of metals from moisture, humidity, salt spray, and exposure to a variety of environmental or industrial chemicals.
Technologically, the anti-rust coating is manufactured as solvent-based, waterborne, powder coating, and UV cured. Presently, the waterborne coating is the largest segment driving the market growth due to the low emission of VOCs. The powdered coating is an excellent choice due to its zero VOC emission and environmentally friendly nature. It also offers properties such as durability, scratch resistance, resistance to chalking, gloss retention, and improved coating efficiency. Additionally, it qualifies American Architectural Manufacturing Association (AAMA) specifications for an eco-friendly process. Although solvent-based coating offers superior properties such as less drying time and block resistant feature, it has high VOC content. Anti-rust coating market is primarily driven by its application in various end-use industries such as marine, oil & gas, shipbuilding, infrastructure, transportation, aerospace & defense, and others. Offshore and civilian marine industries demand anti-rust coating for shipbuilding and boat repairing due to its cost-effectiveness and superior properties of water and corrosion resistance. Sophisticated drilling, wellhead, and subsea equipment demand anti-rust coating for oil & gas exploration and extraction. The properties such as scratch resistance, glossy appearance, lesser drying period are extensively required in automotive, infrastructure, and transportation, which is likely to surge the market growth during the forecast period.
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Segmentation
The global anti-rust coating market is segmented on the basis of the type, technology, end-use industry, and region.
On the basis of the types, the global anti-rust coating market is segmented into epoxy, polyurethane, acrylic, alkyd, zinc, chlorination, and others.
Based on the technology, the global market is categorized into solvent based, waterborne, powder coating, and UV cured.
On the basis of the end-use industries, the global market is segregated into marine, oil & gas, power generation, infrastructure, transportation, aerospace & defense, and others.
Geographically, the global market is segmented into five key regions Asia Pacific, Latin America, North America, the Middle East & Africa, and Europe.
Key Players
Some of the prominent manufacturers in the global market of anti-rust coating are Akzo Nobel N.V. (Netherlands), PPG Industries, Inc. (U.S.), Axalta Coating Systems Ltd. (U.S.), BASF SE (Germany), The Sherwin-Williams Company (U.S.), Ashland Inc. (U.S.), Kansai Paint Co., Ltd. (Japan), Hempel A/S (Denmark), Nippon Paints Co. Ltd (Japan), Jotun (Norway), RPM International Inc. (U.S.), DowDupont (U.S.), Bluechem (Africa), Chugoku Marine Paints Ltd. (Japan), and Clariant (Switzerland).
Intended Audience
Anti-rust coatings Manufacturers
Traders and distributors of Anti-rust coatings
Research and development institutes
Potential investors
Raw material suppliers
Nationalized laboratory
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Anti-Rust Coating Market Overview, New Business Opportunities, Evolution Analysis, Current Trends and Feasibility Studies 2023
Global Anti-Rust Coating Market: By Type (Epoxy, Polyurethane, Acrylic, Alkyd), Technology (Solvent-Based, Waterborne, Powder Coating, Uv Cured), End-Use Industry (Marine, Oil & Gas, Infrastructure, Transportation, Aerospace & Defense), And Region