Deerfield Beach, FL -- (SBWIRE) -- 09/19/2016 -- Latest industry research report on Anti-Corrosion or decorative coatings are the specialized type of coverings that act as a barrier to inhibit contact between metal surface and corrosive environment. They are known for protecting and extending the life of various type of products in the most hostile environments and in conditions where coatings are essential for long life. Zinc, aluminum and titanium are the major raw materials for the production of anti-corrosion coatings. There are endless applications of the anti-corrosion coatings such as in off-shore oil platforms, ships, fences, underground pipes, buildings & construction, LPG cylinders, water / fuel tanks, pulp & paper mills etc., Recent success in this market is due to huge investment in buildings & infrastructure and increasing industrialization of related companies that make use of the product.

The anti-corrosion coating market is currently in its advanced state and running successfully due to their large scale applications in various trending industries. The technique has proved its worth since ninety years of its existence in all areas of application from gas turbines to park benches. The global anti-corrosion market is expected to register substantial growth in the near future, attributed to an increased demand of the product owing to rising losses due to corrosion and large amount of investment in infrastructure. Other factors that drive the anti-corrosion coating market are rapidly growing automotive industries and other steel utilizing industries

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However, raw materials used in the manufacturing of the product is posing severe threat to environment as well as human health. Hence, this factor has led to stringent government regulations subsequently restraining the market growth. Along with this volatility in raw materials prices is also expected to act as restraint to the market. Development of eco-friendly anti-corrosion coatings which are as effective as its synthetic counterparts at competitive prices are likely to offer great opportunity in this highly growing market.

The report segments the anti-corrosion market on the basis of types, technologies, end-users and geography. On the basis of types, the market is segmented into epoxy coatings, alkyd, polyurethane, acrylic coatings and others. On the basis of technologies, the market is classified into waterborne, solvent borne, powder coatings and others. The segmentation for end-user industries includes marine, automotive & transportation, building & construction, power generation, oil & gas, and others. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.

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Further researches and developments are going on for development of novel green, environment friendly anti-corrosion coatings. One such effort includes the steel coat project, which was a three-year project, started around 2011 which partnered ten companies of six countries. The impact of steel coat products will be wide ranging as steel is important construction material due to its strength & durability and these products will increase the competitiveness of the steel sector as well as help in protecting the infrastructure and public health.

Comprehensive competitive analysis and profiles of major market players such as 3M Company, Akzo Nobel N.V., Chugoku Marine Paints, Ltd., Nippon Paint Co., Ltd., The Sherwin-Williams Company, Ashland Inc., Axalta Coating Systems Ltd., BASF SE, RPM International Inc., PPG Industries etc., is also provided in this report.