Transparency Market Research has published a new report "High-Performance Anticorrosion Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2020" to its report store.
Albany, NY -- (SBWIRE) -- 10/14/2015 -- High-performance products used for coating purposes are typically organofunctional polysiloxanes that act as binders or curing agents in coating products for single coats and topcoats. As metallic materials or products react with air or water upon long-time exposure and rust drastically, anticorrosion coatings are one of the key measures used in such scenarios.
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High-Performance Anticorrosion Coatings Highly Preferred for their Reliability and Durability
Anticorrosion coating is a method used for protecting metal products, cement structures, alloys, and many other surfaces from the attack of various corrosive agents. These coatings are highly advanced engineered materials matching the global performance standards while exceeding the standards of corrosion resistance of more expensive high-performance alternatives such as urethane, vinyl, and other chlorinated rubber binders.
The global high-performance anticorrosion coatings market produces several types of materials and substances that are vital to protect several objects from rust and corrosion. These materials are used on almost everything made from metal. High-performance anticorrosion coatings find their use mainly on structures, such as industrial tanks, pipes, and processing equipment, that are mainly needed in chemical plants, oil refineries, paper and pulp mills, the marine industry, and a variety of other industries for protection or industrial maintenance.
Alternate Power Industry is the Key Application Segment Driving Global Market
High-performance anticorrosion coatings find application in a number of industrial areas, but the industry of alternate energy is the most lucrative segment of this market across the globe. The alternate power industry has the highest demand for anticorrosion coatings due to the environmental viability of corrosion resistance. Players in the alternate energy industry mainly prefer high-performance waterborne anticorrosion coatings.
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There are several potential areas of growth within the alternate power industry. Some of the main areas are the windmill production and commercial and domestic solar panels segments. These sectors are expected to push the growth of the high-performance anticorrosion coatings market in the coming years.
The windmill production segment, in particular, will prove to be extremely lucrative for the market as windmills located on land as well as at sea are often in need of maintenance and renovation. The transportation infrastructure sector is another application segment driving the demand for anticorrosion coatings across the globe. Renovating, rebuilding, or repairing transportation infrastructure such as highways or bridges is quite expensive and often becomes a burden on national finances. Hence, high-performance anticorrosion coatings always pay off well in such cases in the long term.
Waterborne Formulations will be the Eco-Friendly Alternative to VOC Content Coatings
There are a variety of application materials available on the market that help meet specific performance requirements and environmental regulations. One of the recent developments in the high-performance anti corrosion coatings market is the need to pass environmental regulations and focus on developing water-borne anti-corrosion coatings instead of using VOC coatings. This is achieved by reducing the use of solvent-based coatings.
Nowadays, industries increasingly prefer waterborne anticorrosion coatings not just due to environmental regulations but also because of convenience in terms of low odor and high safety levels. This trend is expected to transform the high-performance anticorrosion coatings market and propel it tremendously in the coming years.
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