Pune, India -- (SBWIRE) -- 09/07/2018 -- Summary:
Latest Research Report on Global Anti-Rust Coatings Market Added by Garner Insights which covers Market Overview, Future Economic Impact, Competition by Manufacturers, Supply (Production), & Consumption Analysis
The Anti-Rust Coatings Market research study relies upon a combination of primary as well as secondary research.Anti-corrosion coating refers to the adoption of a preventive coating for the protection of metal components against the degradation due to moisture, humidity, salts or other chemicals. Anti -rust coating acts as an interface between the chemical compounds and corrosive materials. Increased demand from the various end-use industries such as marine infrastructure, transportation, aerospace and defence and others. Among these, marine infrastructure is expected to hold the major market share due to the high demand by the shipbuilding and repairing.
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Increased economic losses due to the corrosion also form the major factor in propelling the market growth. For instance: According to the research conducted by the Hindustan Zinc Limited shows, those India losses about $100 billion every year due to the corrosion. The increased demand for the high efficiency corrosion coatings to avoid the huge economic losses has resulted in generating more market opportunities. However the fluctuation in the cost of the raw materials may slow down the market growth.
Some of the major players profiled in this report include 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).
The anti- corrosion coating is majorly segmented on the basis of types, technology and applications. Based on the type the market is bifurcated into: epoxy, polyurethane, acrylic, alkyd and zinc. Depending upon the technology the market is segmented into: solvent-borne, water-borne and powder based anti-rust coatings. Based on the end-use the market is segmented into: marine, oil and gas, industrial, power generation, automotive and transportation and others.
Global Anti-Corrosion Coating Market:
Solvent-borne anti-corrosion coatings
Water-borne anti-corrosion coatings
Powder based anti- corrosion coatings
Oil and gas
Automotive and transportation
Based on the regions spanned the global anti-corrosion coatings are analysed across: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). Asia Pacific is anticipated to hold the major share owing to the expansion in the automotive, industrial and manufacturing sector, thereby resulting in the increased demand for the anti-corrosion coatings. Increased investment in marine and shipping industry by the countries such as China, India and Japan has generated increased demand for the anti-corrosion coatings hence boosting the market growth. LAMEA region is anticipated to show a stable growth owing to the increasing industrial activities in marine and oil and gas industries.
The main points which are answered and covered in this Report are-
What will be the total Anti-Rust Coatingsmarket size in the coming years till 2021?
What will be the key factors which will be overall affecting the industry?
What are the various challenges addressed?
Which are the major companies included?
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