High Performance Anti-Corrosion Coatings Market Expected to Grow at 5% CAGR and Reach US $18 Bn by 2023

Growing emphasis on repair and maintenance is likely to fuel demand for high performance anti-corrosion coatings market during the assessment period

 

Albany, NY -- (SBWIRE) -- 07/16/2018 -- A new detailed study titled "High Performance Anti-corrosion Coatings Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2023" has recently been submitted to the repository of Market Research Reports Search Engine (MRRSE). According to the research study, the global high performance anti-corrosion coatings market is likely to grow at a CAGR of 5% during the assessment period and reach a valuation of nearly US$ 18 Bn.

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The research study offers in-depth insights and analysis on the key factors driving the growth of high performance anti-corrosion coatings market. According to the study, growing emphasis on repair and maintenance is likely to fuel demand for high performance anti-corrosion coatings market during the assessment period. Growth in the oil and drilling activities is also likely to provide an impetus to high performance anti-corrosion coatings market during the assessment period.

According to the report, in addition to oil and gas, demand for high performance anti-corrosion coatings market is also likely to grow on account of renewed focus on infrastructure development, especially in Asia Pacific and Middle East & Africa. According to the research study, many economies in Middle East & Africa are focusing on improving their infrastructure scenario. The trend is pervasive in Middle East & Africa (MEA) where governments are focusing on reducing their dependence on oil money. These factors are also likely to provide an impetus to growth during the assessment period.

In a bid to offer readers detailed insights and analysis on the high performance anti-corrosion coatings market, the report offers segment-wise forecast and analysis. The report segments the global high performance anti-corrosion coatings market into end-user analysis market, product analysis market and region analysis market. The end-user segment is further divided into marine, tanks & pipes, oil & gas, construction, power generation and others. The product segment is sub-segmented into epoxy coatings market, acrylic coatings market, urethane coatings market and other high performance anti-corrosion coatings market.

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Geographically, the market is divided into key regions globally which are North America, Latin America, Europe and Middle East & Africa. Asia Pacific continues to be one of the leading markets for high performance anti-corrosion coatings market. China and India are among the leading markets for high performance coatings globally, whereas demand is also likely to grow at a steady clip in ASEAN.

The report profiles some of the leading players operating in the market. Some of these players are The 3M Company, Chugoku Marine Paints, Ltd., Nippon Paint Co., Ltd., PPG Industries Inc., Tnemec Inc., AICA Kogyo Co., Ltd., Akzo Nobel N.V., Jotun A/S, Hempel A/S, The Sherwin-Williams Company, Sokema and AnCatt Inc..

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