Pune, India -- (SBWIRE) -- 07/18/2018 -- Anti-Rust Coatings Market – Market Overview

Anti-Rust Coating is a type of protective coating used on metal surfaces to prevent the surface from oxidation and minimise the metal degradation due to rust. As the name suggest the product finds application across the various industries where the protection of metal surfaces is of core importance, for instance, shipping, infrastructure and automotive to name some. The demand for Anti-Rust Coatings is aligned with the growth trends associated with its allied industries. Although, the coatings protect the metal surfaces the VOC emission from the solvent based coatings is a big concern that is challenging the market. On the sustainability front and to address the challenges posed by solvent based coatings, the manufacturers are coming up with waterbased coatings which will offset the concerns in terms VOCs.

Considering the end use industry trends, the increasing demand for Anti-Rust Coatings from automotive and transportation sectors such as marine and aerospace will boost the demand. The demand for Anti-Rust Coatings in the aforementioned industries is most likely to be from the emerging markets on the purview of burgeoning growth of these industries in the regions like Asia and Middle East & Africa. Furthermore, the rebound in crude prices will witness the offshore oil wells back in operation which is likely to boost the market for Anti-Rust Coatings demand in the oil exploration sector.

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Apart from the aforementioned application industries, building & construction sector will propel the demand for Anti-Rust Coatings under the purview of increasing investments on infrastructural developments in the developing and developed nations. For instance, the U.S. construction revenue crossed the USD 1 trillion mark recently and is expected to reach USD 1.7 trillion by 2020. For the first time since 2007, the difference in GDP contribution from the construction sector with respect to the country's economy is narrowing i.e., a considerable increase in the rate of construction. Also, in Middle East, the ongoing and proposed construction projects across the GCC is valued at approximately USD 2,700 billion, with Saudi Arabia leading the construction investments followed by UAE with project completions projected between 2025-2030. Thus, considering the above industry trends the market for anti-rust coatings is expected an above moderate growth.

Anti-Rust Coatings Market – Competitive Analysis

Anti-Rust Coatings Market is competitive and the major players involved in the market are adopting strategies such as product launch, capacity expansion, collaborations, and product developments. For instance, in 2014, Hempel launched its new anti-rust coatings under the brand name HEMPADUR AvantGuard® for protection against C4 and C5 corrosive conditions

Industry/ Innovation/ Related News:

July, 2017 – AkzoNobel N.V., renowned name in paints & coatings business has made an investment of USD 3.5 million to expand its U.S research and development facilities in Texas.

September, 2014 - In 2014, Hempel launched its new anti-rust coatings under the brand name HEMPADUR AvantGuard® for protection against C4 and C5 corrosive conditions

January, 2013 – PPG and Asian Paints expanded their existing 50:50 joint venture in India to serve protective coatings for their customers in industrial liquid, marine, consumer packaging and transportation coatings customers.

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