Corrosion Protection Coatings Market

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Corrosion Protection Coatings Market by Resin Type (Epoxy, PU, Acrylic, Zinc, Chlorinated Rubber), Technology (Water, Solvent, Powder), End-use (Oil & Gas, Marine, Infrastructure, Power Generation, Water Treatment), & Region - Global Forecast to 2028

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Report Code: CH 7788 Jun, 2023, by marketsandmarkets.com

The Corrosion Protection Coatings market is projected to grow from USD 10.4 billion in 2023 to USD 12.4 billion by 2028, at a CAGR of 3.5% between 2023-2028 respectively. Demand for high-efficiency high performance Corrosion Protection Coatings to offer lucrative opportunities in the market.

Attractive Opportunities in the Corrosion Protection Coatings Market

Corrosion Protection Coatings Market

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Corrosion Protection Coatings Market

Source: Expert Interviews, Secondary Sources, and MarketsandMarkets Analysis

Market Dynamics

Driver: Innovations in modern structures

Countries such as China, India, and the US are investing significantly in infrastructural developments. Worldwide infrastructural spending is expected to reach USD 9 trillion by 2025, an increase from USD 4.0 trillion in 2021. This is expected, in turn, to provide momentum to the corrosion protection coatings market, as these find applications in various infrastructural activities. Many governments worldwide such as the US, China, India, and Germany have passed legislations for the modernization of their water, electrical, and transit infrastructure given the damage caused to it due to corrosion. The increased spending on corrosion protection measures in modern infrastructure is expected to be a long-term driver for the corrosion protection coatings market.

Restraint: Stringent environmental regulations

Regulations were targeted at curtailing emissions of volatile organic compounds (VOC) from coatings. REACH and LEED GreenSeal GC-03 2nd Ed., 1997 specifies the VOC content in grams per liter (g/l) for corrosion protection coatings. Such regulations have added pressure on manufacturers of coatings to comply with the required standards by reducing the VOC content while simultaneously trying to better or maintain the quality and performance of these coatings. These regulations have also impacted the prices of corrosion protection coatings as the regulations required changes in the technology used to produce coatings. These have been solvent-based coatings with moderate-to-high solid content.

Opportunities: Emerging countries offer significant growth opportunities

The emerging markets of corrosion protection coatings such as China, India, Thailand, and Brazil offer high growth opportunities for the players in the market. Currently, these countries account for the lowest per-capita consumption of coatings in the world and thus offer the potential for growth. Opportunities for market growth in these countries have further increased due to the development of their domestic industries which are consuming corrosion protection coatings significantly. Major players such as PPG Industries (US) and AkzoNobel (Netherlands) have restructured their strategies by placing high importance on penetrating and creating bases in these emerging markets.

Challenge: Increasing competition from local players

The corrosion protection coatings market is dominated by a few major global players. Companies such as PPG Industries (US), AkzoNobel (Netherlands), and Jotun A/S (Norway) lead the market in terms of revenue and product development. The market also comprises several small local players such as Diamond Vogel Paints (US) and SK Formulations India Pvt. Ltd. (India) who lack the financial or technological strength to counter the global majors. Local players are gradually gaining an edge through increased R&D initiatives and focus on limited geographic regions. They identify the needs and demands in the local market and fulfill them with application-specific products. Companies such as AnCatt (US) and Greenkote PLC (US) are emerging competitors to the current leading market players.

Market Ecosystem: Corrosion Protection Coatings

Paints and Coatings are formed of solvent, binder, additives, hardeners, and pigments which are supplied by a number of raw material manufacturers and suppliers or distributors. These are used for their protective characteristics in different end-use industries such as marine, infrastructure, oil & gas, power generation, water treatment, and others. The paints and coatings industry is nowadays focusing on advanced, cost-effective, high-performance materials that offer permeability, thereby increasing the product’s shelf life. It is undergoing continuous technological up-gradation concerning the design and development of raw materials.

 

Corrosion Protection Coatings Market Ecosystem

Infrastructure end-use industry is the fastest-growing segment in Corrosion Protection Coatings market between 2023 and 2028.

In the infrastructure sector, the Asia Pacific region accounts for the largest market growth for corrosion protection coatings. The rising investments in the infrastructure sectors in China, India, Indonesia, and the Philippines are rising demand. The need for additional infrastructure for utilities, transportation, and airports, bridges and dams, as well as commercial and manufacturing facility development plans, are the main drivers for corrosion protective coatings market growth.

Solvent-based Coating is the largest segment in the Corrosion Protection Coatings between 2023 and 2028.

Solvent-based technology refers to the use of organic solvents as the primary vehicle for delivering the active components in corrosion protection coatings. These coatings typically consist of a mixture of resin, pigments, additives, and a solvent, which helps in the application, drying, and film formation process. Solvent-based coatings can provide excellent adhesion to various substrates, including metals, concrete, or wood. They can also offer good chemical resistance, durability, and resistance to abrasion and weathering. The film formed by these coatings typically exhibits good mechanical properties.

Asia Pacific is the fastest-growing Corrosion Protection Coatings market.

Asia Pacific is a centre of international investment and thriving industrial sectors, owing to low-cost labour and inexpensive land availability. The increasing industrial, infrastructure & construction, marine, and oil & gas industries are driving up demand for corrosion protective coatings. The Asia Pacific power industry is expanding, which will likely increase the market for corrosion protection coatings.

India generates the majority of its power from coal and plans to enhance solar energy generation with fresh solar projects by 2025. These factors contribute to Asia Pacific's increased need for corrosion protection coatings.

Corrosion Protection Coatings Market by Region

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Key Market Players

Akzo Nobel NV (Netherlands), PPG Industries, Inc. (US), Jotun A/S (Norway), The Sherwin-Williams Company (US), and Kansai Paint Co., Ltd. (Japan) are the key players in the global Corrosion Protection Coatings market.

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Scope of the Report

Report Metric

Details

Years Considered for the Study

2018-2028

Base year

2022

Forecast period

2023–2028

Units considered

Value (USD Billion/Million) and Volume (Kiloton)

Segments

By Resin Type, Technology, End-use Industry, and Region

Regions covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Companies profiled

Akzo Nobel NV (Netherlands), PPG Industries, Inc. (US), Jotun A/S (Norway), The Sherwin-Williams Company (US), and Kansai Paint Co., Ltd. (Japan). A total of 25 players have been covered.

This research report categorizes the Corrosion protection coatings market based on resin type, technology, end-use industry, and region.

By Resin Type:
  • Epoxy
  • Polyurethane
  • Acrylic
  • Alkyd
  • Zinc
  • Chlorinated Rubber
  • Others
By Technology:
  • Water-based
  • Solvent-based
  • Powder
  • Other Technologies
By End-use Industry:
  • Marine
  • Oil & Gas
  • Petrochemical
  • Infrastructure
  • Power Generation
  • Water Treatment
By Region:
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

Recent Developments

  • In April 2022, AkzoNobel completed the acquisition of Colombia-based paints and coatings company, Grupo Orbis. The transaction includes the Pintuco paints and coatings business, Andercol and Poliquim (resins, emulsions, adhesives and specialty chemicals), Mundial (paints and related product distribution services) and Centro de Servicios Mundial (shared services center).
  • In June 2021, Hempel acquired a unique technology developed by Das Lack Enertherm (DLE). The company is expected to now be able to penetrate the insulation coatings market and bring new business opportunities for Hempel.
  • In April 2021, The Sherwin-Williams Company acquired the business and assets of the European industrial coatings business of Sika AG which will help the company to enhance their corrosion protection coatings business.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 36)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
                    FIGURE 1 CORROSION PROTECTION COATINGS MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
                    FIGURE 2 CORROSION PROTECTION COATINGS MARKET: GEOGRAPHIC SCOPE
           1.3.3 INCLUSIONS AND EXCLUSIONS
           1.3.4 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
    1.5 UNIT CONSIDERED 
    1.6 LIMITATIONS 
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 41)
    2.1 RESEARCH DATA 
          FIGURE 3 CORROSION PROTECTION COATINGS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Critical secondary inputs
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key primary data sources
                    2.1.2.2 Critical primary inputs
                    2.1.2.3 Key data from primary sources
                    2.1.2.4 Key industry insights
                    2.1.2.5 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION APPROACH 
           2.2.1 TOP-DOWN APPROACH
                    FIGURE 4 CORROSION PROTECTION COATINGS MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
                    FIGURE 5 CORROSION PROTECTION COATINGS MARKET SIZE ESTIMATION: BY VALUE
                    FIGURE 6 CORROSION PROTECTION COATINGS MARKET SIZE ESTIMATION, BY REGION
                    FIGURE 7 CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE
                    FIGURE 8 CORROSION PROTECTION COATINGS MARKET SIZE ESTIMATION,  BY TECHNOLOGY
                    FIGURE 9 CORROSION PROTECTION COATINGS MARKET SIZE ESTIMATION,  BOTTOM-UP APPROACH: BY END-USE INDUSTRY
                    FIGURE 10 CORROSION PROTECTION COATINGS MARKET SIZE ESTIMATION,  BY END-USE INDUSTRY
    2.3 MARKET FORECAST APPROACH 
           2.3.1 SUPPLY-SIDE FORECAST
                    FIGURE 11 CORROSION PROTECTION COATINGS MARKET: SUPPLY SIDE FORECAST
                    FIGURE 12 METHODOLOGY FOR SUPPLY SIDE SIZING OF CORROSION PROTECTION COATINGS MARKET
           2.3.2 DEMAND-SIDE FORECAST
                    FIGURE 13 CORROSION PROTECTION COATINGS MARKET: DEMAND SIDE FORECAST
    2.4 FACTOR ANALYSIS 
          FIGURE 14 FACTOR ANALYSIS OF CORROSION PROTECTION COATINGS MARKET
    2.5 DATA TRIANGULATION 
          FIGURE 15 CORROSION PROTECTION COATINGS MARKET: DATA TRIANGULATION
    2.6 RESEARCH ASSUMPTIONS 
    2.7 RESEARCH LIMITATIONS 
    2.8 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST 
    2.9 IMPACT OF RECESSION 
 
3 EXECUTIVE SUMMARY (Page No. - 54)
    TABLE 1 CORROSION PROTECTION COATINGS MARKET SNAPSHOT, 2023 VS. 2028
    FIGURE 16 EPOXY SEGMENT TO DOMINATE CORROSION PROTECTION COATINGS MARKET BETWEEN 2023 AND 2028
    FIGURE 17 SOLVENT-BASED SEGMENT TO LEAD CORROSION PROTECTION COATINGS MARKET BETWEEN 2023 AND 2028
    FIGURE 18 OIL & GAS TO BE LARGEST END-USE INDUSTRY OF CORROSION PROTECTION COATINGS BETWEEN 2023 AND 2028
    FIGURE 19 ASIA PACIFIC TO BE FASTEST-GROWING CORROSION PROTECTION COATINGS MARKET BETWEEN 2023 AND 2028
 
4 PREMIUM INSIGHTS (Page No. - 58)
    4.1 SIGNIFICANT OPPORTUNITIES FOR PLAYERS IN CORROSION PROTECTION COATINGS MARKET 
          FIGURE 20 CORROSION PROTECTION COATINGS MARKET TO WITNESS HIGH GROWTH  IN INFRASTRUCTURE SEGMENT BETWEEN 2023 AND 2028
    4.2 CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE 
          FIGURE 21 EPOXY TO BE LARGEST SEGMENT BETWEEN 2023 AND 2028
    4.3 CORROSION PROTECTION COATINGS MARKET,  BY END-USE INDUSTRY 
          FIGURE 22 MARINE END-USE INDUSTRY SEGMENT TO LEAD CORROSION PROTECTION COATINGS MARKET DURING FORECAST PERIOD
    4.4 CORROSION PROTECTION COATINGS MARKET, DEVELOPED VS. EMERGING ECONOMIES 
          FIGURE 23 CHINA TO DOMINATE GLOBAL MARKET DURING FORECAST PERIOD
    4.5 CORROSION PROTECTION COATINGS MARKET, BY KEY COUNTRY 
          FIGURE 24 INDIA TO BE FASTEST-GROWING CORROSION PROTECTION COATINGS MARKET BETWEEN 2023 AND 2028
 
5 MARKET OVERVIEW (Page No. - 61)
    5.1 INTRODUCTION 
          FIGURE 25 ROLE OF CORROSION PROTECTION COATINGS
    5.2 OVERVIEW OF CORROSION PROTECTION COATINGS MARKET 
          FIGURE 26 CORROSION PREVENTION METHODS
           5.2.1 TYPES OF CORROSION
                    5.2.1.1 Galvanic corrosion
                    5.2.1.2 Stress corrosion
                    5.2.1.3 General corrosion
                    5.2.1.4 Localized corrosion
                    5.2.1.5 Caustic agent corrosion
    5.3 FACTORS CONSIDERED WHILE SELECTING CORROSION PROTECTION COATINGS 
           5.3.1 TYPE OF SURFACE OR SUBSTRATE TO BE COATED
           5.3.2 LIFE EXPECTANCY
                    TABLE 2 CRITERIA FOR SELECTION OF CORROSION PROTECTION COATINGS BASED ON LIFE EXPECTANCY
           5.3.3 EASE OF ACCESS
           5.3.4 COMPLIANCE WITH LEGISLATIVE AND ENVIRONMENTAL REGULATIONS
    5.4 VALUE CHAIN OVERVIEW 
           5.4.1 VALUE CHAIN ANALYSIS
                    FIGURE 27 VALUE CHAIN ANALYSIS
                    TABLE 3 SUPPLY CHAIN ECOSYSTEM
    5.5 MARKET DYNAMICS 
          FIGURE 28 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN CORROSION PROTECTION COATINGS MARKET
           5.5.1 DRIVERS
                    5.5.1.1 Increasing losses and damage due to corrosion
                    5.5.1.2 Increasing need for efficient processes and longer life of equipment
                    5.5.1.3 Innovation in modern structures
                    5.5.1.4 Growth in end-use industries
           5.5.2 RESTRAINTS
                    5.5.2.1 Stringent environmental regulations
                    5.5.2.2 High price of raw materials and energy
                                TABLE 4 RESIN PRICES
           5.5.3 OPPORTUNITIES
                    5.5.3.1 Demand for high-efficiency high-performance corrosion protection coatings
                    5.5.3.2 Significant growth opportunities in emerging economies
           5.5.4 CHALLENGES
                    5.5.4.1 Increasing competition from local players
                    5.5.4.2 Rise in use of substitutes
    5.6 PORTER’S FIVE FORCES ANALYSIS 
          FIGURE 29 PORTER’S FIVE FORCES ANALYSIS
          TABLE 5 PORTER’S FIVE FORCES ANALYSIS
           5.6.1 THREAT OF NEW ENTRANTS
           5.6.2 THREAT OF SUBSTITUTES
           5.6.3 BARGAINING POWER OF SUPPLIERS
           5.6.4 BARGAINING POWER OF BUYERS
           5.6.5 INTENSITY OF COMPETITIVE RIVALRY
    5.7 KEY STAKEHOLDERS & BUYING CRITERIA 
           5.7.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 30 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS
                    TABLE 6 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP INDUSTRIES (%)
           5.7.2 BUYING CRITERIA
                    FIGURE 31 KEY BUYING CRITERIA FOR CORROSION PROTECTION COATINGS
                    TABLE 7 KEY BUYING CRITERIA FOR CORROSION PROTECTION COATINGS
    5.8 MACROECONOMIC INDICATORS 
           5.8.1 INTRODUCTION
           5.8.2 GDP TRENDS AND FORECAST
                    TABLE 8 GDP TRENDS AND FORECAST, PERCENTAGE CHANGE
           5.8.3 TRENDS AND FORECAST OF GLOBAL CONSTRUCTION INDUSTRY
                    FIGURE 32 GLOBAL SPENDING IN CONSTRUCTION INDUSTRY, 2014–2035
           5.8.4 TRENDS IN GLOBAL AUTOMOTIVE INDUSTRY
                    FIGURE 33 TRENDS IN GLOBAL AUTOMOTIVE INDUSTRY
    5.9 TECHNOLOGY OVERVIEW 
          FIGURE 34 CORROSION PROTECTION COATING TECHNOLOGY
    5.10 CASE STUDY 
           5.10.1 CORROSION PROTECTION COATINGS USED FOR PIPELINE IN NUCLEAR POWER PLANT
    5.11 PRICING ANALYSIS 
           5.11.1 AVERAGE SELLING PRICE, BY REGION
                     FIGURE 35 PRICING ANALYSIS, BY REGION, 2022
           5.11.2 AVERAGE SELLING PRICE, BY END-USE INDUSTRY
                     FIGURE 36 PRICING ANALYSIS, BY END-USE INDUSTRY, 2022
           5.11.3 AVERAGE SELLING PRICE, BY TYPE
                     FIGURE 37 PRICING ANALYSIS, BY TYPE, 2022
           5.11.4 AVERAGE SELLING PRICE, BY KEY PLAYER
                     FIGURE 38 PRICING ANALYSIS OF KEY PLAYERS, BY END-USE INDUSTRY, 2022
    5.12 EXPORT AND IMPORT (EXIM) TRADE STATISTICS 
           5.12.1 KEY COUNTRIES
                     TABLE 9 INTENSITY OF TRADE, BY KEY COUNTRY
           5.12.2 EXPORT TRADE DATA
                     TABLE 10 EXPORT DATA IN USD THOUSAND (2018–2022)
           5.12.3 IMPORT TRADE DATA
                     TABLE 11 IMPORT DATA IN USD THOUSAND (2018–2022)
    5.13 GLOBAL ECONOMIC SCENARIO AFFECTING MARKET GROWTH 
           5.13.1 GLOBAL IMPACT OF RECESSION
                    5.13.1.1 North America
                    5.13.1.2 Europe
                    5.13.1.3 Asia Pacific
    5.14 ECOSYSTEM MAP 
           FIGURE 39 PAINTS & COATINGS ECOSYSTEM
    5.15 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           FIGURE 40 TRENDS IN END-USE INDUSTRIES IMPACTING STRATEGIES OF COATINGS MANUFACTURERS
    5.16 REGULATORY LANDSCAPE AND STANDARDS 
           TABLE 12 CS-1, CS-3, CS-4, SS-1, SS-2, AND SS-3 CLASSIFICATIONS FOR CORROSION PROTECTION COATINGS MARKET
           TABLE 13 STANDARDS FOR CORROSION INSPECTION PRACTICES
    5.17 TARIFFS & REGULATIONS 
           5.17.1 COATING STANDARD
                     TABLE 14 BASIC COATING SYSTEM REQUIREMENTS FOR DEDICATED SEAWATER BALLAST TANKS OF ALL TYPES OF SHIPS AND DOUBLE-SIDE SKIN SPACES OF BULK CARRIERS OF 150 M AND UPWARDS:
    5.18 REGULATORY BODIES, GOVERNMENT AGENCIES, AND  OTHER ORGANIZATIONS 
          TABLE15 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS
          TABLE16 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
          TABLE17 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
          TABLE18 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    5.19 PATENT ANALYSIS 
           5.19.1 METHODOLOGY
           5.19.2 PUBLICATION TRENDS
                     FIGURE 41 PUBLICATION TRENDS, 2018–2023
           5.19.3 INSIGHTS
           5.19.4 JURISDICTION ANALYSIS
                     FIGURE 42 JURISDICTION ANALYSIS OF REGISTERED PATENTS, 2018–2023
           5.19.5 TOP APPLICANTS
                     FIGURE 43 NUMBER OF PATENTS, BY COMPANY, 2018–2023
    5.20 KEY CONFERENCES & EVENTS IN 2023–2024 
          TABLE19 DETAILED LIST OF CONFERENCES & EVENTS
 
6 CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE (Page No. - 101)
    6.1 INTRODUCTION 
          FIGURE 44 EPOXY-BASED CORROSION PROTECTION COATINGS TO LEAD MARKET BETWEEN 2023 AND 2028
          TABLE20 CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE,  2018–2022 (USD MILLION)
          TABLE21 CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE,  2023–2028 (USD MILLION)
          TABLE22 CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE,  2018–2022 (KILOTON)
          TABLE23 CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE,  2023–2028 (KILOTON)
    6.2 EPOXY 
           6.2.1 SUPERIOR PROTECTIVE CHARACTERISTICS AND MODIFIABLE NATURE OF EPOXY
                    TABLE 24 CHARACTERISTICS OF EPOXY CORROSION PROTECTION COATINGS
                    TABLE 25 EPOXY CORROSION PROTECTION COATINGS MARKET, BY REGION,  2018–2022 (USD MILLION)
                    TABLE 26 EPOXY CORROSION PROTECTION COATINGS MARKET, BY REGION,  2023–2028 (USD MILLION)
                    TABLE 27 EPOXY CORROSION PROTECTION COATINGS MARKET, BY REGION,  2018–2022 (KILOTON)
                    TABLE 28 EPOXY CORROSION PROTECTION COATINGS MARKET, BY REGION,  2023–2028 (KILOTON)
    6.3 POLYURETHANE 
           6.3.1 GROWING DEMAND FOR POLYURETHANE RESINS IN HIGH-PERFORMANCE APPLICATIONS
                    TABLE 29 PROPERTIES OF POLYURETHANE CORROSION PROTECTION COATINGS
                    TABLE 30 POLYURETHANE CORROSION PROTECTION COATINGS MARKET, BY REGION,  2018–2022 (USD MILLION)
                    TABLE 31 POLYURETHANE CORROSION PROTECTION COATINGS MARKET, BY REGION,  2023–2028 (USD MILLION)
                    TABLE 32 POLYURETHANE CORROSION PROTECTION COATINGS MARKET, BY REGION,  2018–2022 (KILOTON)
                    TABLE 33 POLYURETHANE CORROSION PROTECTION COATINGS MARKET, BY REGION,  2023–2028 (KILOTON)
    6.4 ACRYLIC 
           6.4.1 SUPERIOR WEATHERING AND OXIDATION RESISTANCE PROPERTIES
                    TABLE 34 CHARACTERISTICS OF ACRYLIC CORROSION PROTECTION COATINGS
                    TABLE 35 ACRYLIC CORROSION PROTECTION COATINGS MARKET, BY REGION,  2018–2022 (USD MILLION)
                    TABLE 36 ACRYLIC CORROSION PROTECTION COATINGS MARKET, BY REGION,  2023–2028 (USD MILLION)
                    TABLE 37 ACRYLIC CORROSION PROTECTION COATINGS MARKET, BY REGION,  2018–2022 (KILOTON)
                    TABLE 38 ACRYLIC CORROSION PROTECTION COATINGS MARKET, BY REGION,  2023–2028 (KILOTON)
    6.5 ALKYD 
           6.5.1 LENIENT ENVIRONMENTAL REGULATIONS AND GROWTH OF END-USE INDUSTRIES IN ASIA PACIFIC
                    TABLE 39 CHARACTERISTICS OF ALKYD CORROSION PROTECTION COATINGS
                    TABLE 40 ALKYD CORROSION PROTECTION COATINGS MARKET, BY REGION,  2018–2022 (USD MILLION)
                    TABLE 41 ALKYD CORROSION PROTECTION COATINGS MARKET, BY REGION,  2023–2028 (USD MILLION)
                    TABLE 42 ALKYD CORROSION PROTECTION COATINGS MARKET, BY REGION,  2018–2022 (KILOTON)
                    TABLE 43 ALKYD CORROSION PROTECTION COATINGS MARKET, BY REGION,  2023–2028 (KILOTON)
    6.6 ZINC 
           6.6.1 STRINGENT REGULATIONS TO LIMIT USE OF ZINC-BASED COATINGS
                    TABLE 44 CHARACTERISTICS OF ZINC CORROSION PROTECTION COATINGS
                    TABLE 45 ZINC CORROSION PROTECTION COATINGS MARKET, BY REGION,  2018–2022 (USD MILLION)
                    TABLE 46 ZINC CORROSION PROTECTION COATINGS MARKET, BY REGION,  2023–2028 (USD MILLION)
                    TABLE 47 ZINC CORROSION PROTECTION COATINGS MARKET, BY REGION,  2018–2022 (KILOTON)
                    TABLE 48 ZINC CORROSION PROTECTION COATINGS MARKET, BY REGION,  2023–2028 (KILOTON)
    6.7 CHLORINATED RUBBER 
           6.7.1 SLOW GROWTH DUE TO VOC REGULATIONS IN NORTH AMERICA AND EUROPE
                    TABLE 49 CHARACTERISTICS OF CHLORINATED RUBBER CORROSION PROTECTION COATINGS
                    TABLE 50 CHLORINATED RUBBER CORROSION PROTECTION COATINGS MARKET,  BY REGION, 2018–2022 (USD MILLION)
                    TABLE 51 CHLORINATED RUBBER CORROSION PROTECTION COATINGS MARKET,  BY REGION, 2023–2028 (USD MILLION)
                    TABLE 52 CHLORINATED RUBBER CORROSION PROTECTION COATINGS MARKET,  BY REGION, 2018–2022 (KILOTON)
                    TABLE 53 CHLORINATED RUBBER CORROSION PROTECTION COATINGS MARKET,  BY REGION, 2023–2028 (KILOTON)
    6.8 OTHER RESIN TYPES 
          TABLE54 OTHER CORROSION PROTECTION COATINGS MARKET, BY REGION,  2018–2022 (USD MILLION)
          TABLE55 OTHER CORROSION PROTECTION COATINGS MARKET, BY REGION,  2023–2028 (USD MILLION)
          TABLE56 OTHER CORROSION PROTECTION COATINGS MARKET, BY REGION,  2018–2022 (KILOTON)
          TABLE57 OTHER CORROSION PROTECTION COATINGS MARKET, BY REGION,  2023–2028 (KILOTON)
 
7 CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY (Page No. - 119)
    7.1 INTRODUCTION 
          FIGURE 45 SOLVENT-BASED CORROSION PROTECTION COATINGS SEGMENT TO DOMINATE BETWEEN 2023 AND 2028
          TABLE58 CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY,  2018–2022 (USD MILLION)
          TABLE59 CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY,  2023–2028 (USD MILLION)
          TABLE60 CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY,  2018–2022 (KILOTON)
          TABLE61 CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY,  2023–2028 (KILOTON)
    7.2 SOLVENT-BASED CORROSION PROTECTION COATINGS 
           7.2.1 EXCELLENT PROPERTIES TO DRIVE DEMAND
                    TABLE 62 SOLVENT-BASED CORROSION PROTECTION COATINGS MARKET, BY REGION,  2018–2022 (USD MILLION)
                    TABLE 63 SOLVENT-BASED CORROSION PROTECTION COATINGS MARKET, BY REGION,  2023–2028 (USD MILLION)
                    TABLE 64 SOLVENT-BASED CORROSION PROTECTION COATINGS MARKET, BY REGION,  2018–2022 (KILOTON)
                    TABLE 65 SOLVENT-BASED CORROSION PROTECTION COATINGS MARKET, BY REGION,  2023–2028 (KILOTON)
    7.3 WATER-BASED CORROSION PROTECTION COATINGS 
           7.3.1 LOW TOXICITY DUE TO LOW-VOC LEVELS TO INCREASE DEMAND
                    TABLE 66 WATER-BASED CORROSION PROTECTION COATINGS MARKET, BY REGION,  2018–2022 (USD MILLION)
                    TABLE 67 WATER-BASED CORROSION PROTECTION COATINGS MARKET, BY REGION,  2023–2028 (USD MILLION)
                    TABLE 68 WATER-BASED CORROSION PROTECTION COATINGS MARKET, BY REGION,  2018–2022 (KILOTON)
                    TABLE 69 WATER-BASED CORROSION PROTECTION COATINGS MARKET, BY REGION,  2023–2028 (KILOTON)
    7.4 POWDER-BASED CORROSION PROTECTION COATINGS 
           7.4.1 SUPERIOR PERFORMANCE AND EXCELLENT PROPERTIES TO DRIVE DEMAND
                    TABLE 70 POWDER-BASED CORROSION PROTECTION COATINGS MARKET, BY REGION,  2018–2022 (USD MILLION)
                    TABLE 71 POWDER-BASED CORROSION PROTECTION COATINGS MARKET, BY REGION,  2023–2028 (USD MILLION)
                    TABLE 72 POWDER-BASED CORROSION PROTECTION COATINGS MARKET, BY REGION,  2018–2022 (KILOTON)
                    TABLE 73 POWDER-BASED CORROSION PROTECTION COATINGS MARKET, BY REGION,  2023–2028 (KILOTON)
    7.5 OTHER TECHNOLOGIES 
          TABLE74 OTHER TECHNOLOGIES IN CORROSION PROTECTION COATINGS MARKET,  BY REGION, 2018–2022 (USD MILLION)
          TABLE75 OTHER TECHNOLOGIES IN CORROSION PROTECTION COATINGS MARKET,  BY REGION, 2023–2028 (USD MILLION)
          TABLE76 OTHER TECHNOLOGIES IN CORROSION PROTECTION COATINGS MARKET,  BY REGION, 2018–2022 (KILOTON)
          TABLE77 OTHER TECHNOLOGIES IN CORROSION PROTECTION COATINGS MARKET,  BY REGION, 2023–2028 (KILOTON)
 
8 CORROSION PROTECTION COATINGS MARKET,  BY END-USE INDUSTRY (Page No. - 129)
    8.1 INTRODUCTION 
          FIGURE 46 OIL & GAS INDUSTRY TO LEAD CORROSION PROTECTION COATINGS MARKET DURING FORECAST PERIOD
          TABLE78 CORROSION PROTECTION COATINGS MARKET, BY END-USE INDUSTRY,  2018–2022 (USD MILLION)
          TABLE79 CORROSION PROTECTION COATINGS MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)
          TABLE80 CORROSION PROTECTION COATINGS MARKET, BY END-USE INDUSTRY,  2018–2022 (KILOTON)
          TABLE81 CORROSION PROTECTION COATINGS MARKET, BY END-USE INDUSTRY,  2023–2028 (KILOTON)
    8.2 MARINE 
           8.2.1 DEMAND FOR LARGE VOLUMES OF COATINGS
                    TABLE 82 CORROSION PROTECTION COATINGS MARKET SIZE IN MARINE INDUSTRY, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 83 CORROSION PROTECTION COATINGS MARKET SIZE IN MARINE INDUSTRY, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 84 CORROSION PROTECTION COATINGS MARKET SIZE IN MARINE INDUSTRY, BY REGION, 2018–2022 (KILOTON)
                    TABLE 85 CORROSION PROTECTION COATINGS MARKET SIZE IN MARINE INDUSTRY, BY REGION, 2023–2028 (KILOTON)
    8.3 OIL & GAS 
           8.3.1 RAPIDLY GROWING BIO-FUEL INDUSTRY
                    TABLE 86 CORROSION PROTECTION COATINGS MARKET SIZE IN OIL & GAS INDUSTRY, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 87 CORROSION PROTECTION COATINGS MARKET SIZE IN OIL & GAS INDUSTRY, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 88 CORROSION PROTECTION COATINGS MARKET SIZE IN OIL & GAS INDUSTRY, BY REGION, 2018–2022 (KILOTON)
                    TABLE 89 CORROSION PROTECTION COATINGS MARKET SIZE IN OIL & GAS INDUSTRY, BY REGION, 2023–2028 (KILOTON)
    8.4 PETROCHEMICAL 
           8.4.1 INDIA AND CHINA DRIVING FORCES FOR MARKET
                    TABLE 90 CORROSION PROTECTION COATINGS MARKET SIZE IN PETROCHEMICAL INDUSTRY,  BY REGION, 2018–2022 (USD MILLION)
                    TABLE 91 CORROSION PROTECTION COATINGS MARKET SIZE IN PETROCHEMICAL INDUSTRY,  BY REGION, 2023–2028 (USD MILLION)
                    TABLE 92 CORROSION PROTECTION COATINGS MARKET SIZE IN PETROCHEMICAL INDUSTRY,  BY REGION, 2018–2022 (KILOTON)
                    TABLE 93 CORROSION PROTECTION COATINGS MARKET SIZE IN PETROCHEMICAL INDUSTRY,  BY REGION, 2023–2028 (KILOTON)
    8.5 INFRASTRUCTURE 
           8.5.1 ASIA PACIFIC TO BE STRATEGIC INFRASTRUCTURE MARKET
                    TABLE 94 CORROSION PROTECTION COATINGS MARKET SIZE IN INFRASTRUCTURE INDUSTRY,  BY REGION, 2018–2022 (USD MILLION)
                    TABLE 95 CORROSION PROTECTION COATINGS MARKET SIZE IN INFRASTRUCTURE INDUSTRY,  BY REGION, 2023–2028 (USD MILLION)
                    TABLE 96 CORROSION PROTECTION COATINGS MARKET SIZE IN INFRASTRUCTURE INDUSTRY,  BY REGION, 2018–2022 (KILOTON)
                    TABLE 97 CORROSION PROTECTION COATINGS MARKET SIZE IN INFRASTRUCTURE INDUSTRY,  BY REGION, 2023–2028 (KILOTON)
    8.6 POWER GENERATION 
           8.6.1 POWER GENERATION AMONG FASTEST-GROWING INDUSTRIES IN ASIA PACIFIC
                    TABLE 98 CORROSION PROTECTION COATINGS MARKET SIZE IN POWER GENERATION INDUSTRY,  BY REGION, 2018–2022 (USD MILLION)
                    TABLE 99 CORROSION PROTECTION COATINGS MARKET SIZE IN POWER GENERATION INDUSTRY,  BY REGION, 2023–2028 (USD MILLION)
                    TABLE 100 CORROSION PROTECTION COATINGS MARKET SIZE IN POWER GENERATION INDUSTRY,  BY REGION, 2018–2022 (KILOTON)
                    TABLE 101 CORROSION PROTECTION COATINGS MARKET SIZE IN POWER GENERATION INDUSTRY,  BY REGION, 2023–2028 (KILOTON)
    8.7 WATER TREATMENT 
           8.7.1 INCREASING CONCERNS IN WATER DISPOSAL AND WATER CONSERVATION
                    TABLE 102 CORROSION PROTECTION COATINGS MARKET SIZE IN WATER TREATMENT INDUSTRY,  BY REGION, 2018–2022 (USD MILLION)
                    TABLE 103 CORROSION PROTECTION COATINGS MARKET SIZE IN WATER TREATMENT INDUSTRY,  BY REGION, 2023–2028 (USD MILLION)
                    TABLE 104 CORROSION PROTECTION COATINGS MARKET SIZE IN WATER TREATMENT INDUSTRY,  BY REGION, 2018–2022 (KILOTON)
                    TABLE 105 CORROSION PROTECTION COATINGS MARKET SIZE IN WATER TREATMENT INDUSTRY,  BY REGION, 2023–2028 (KILOTON)
    8.8 OTHER END-USE INDUSTRIES 
          TABLE 106 CORROSION PROTECTION COATINGS MARKET SIZE IN OTHER END-USE INDUSTRIES,  BY REGION, 2018–2022 (USD MILLION)
          TABLE107 CORROSION PROTECTION COATINGS MARKET SIZE IN OTHER END-USE INDUSTRIES,  BY REGION, 2023–2028 (USD MILLION)
          TABLE108 CORROSION PROTECTION COATINGS MARKET SIZE IN OTHER END-USE INDUSTRIES,  BY REGION, 2018–2022 (KILOTON)
          TABLE109 CORROSION PROTECTION COATINGS MARKET SIZE IN OTHER END-USE INDUSTRIES,  BY REGION, 2023–2028 (KILOTON)
 
9 CORROSION PROTECTION COATINGS MARKET, BY REGION (Page No. - 146)
    9.1 INTRODUCTION 
           9.1.1 GLOBAL RECESSION OVERVIEW
                    FIGURE 47 ASIA PACIFIC COUNTRIES EMERGING AS STRATEGIC LOCATIONS FOR CORROSION PROTECTION COATINGS MARKET
                    TABLE 110 CORROSION PROTECTION COATINGS MARKET, BY REGION,  2018–2022 (USD MILLION)
                    TABLE 111 CORROSION PROTECTION COATINGS MARKET, BY REGION,  2023–2028 (USD MILLION)
                    TABLE 112 CORROSION PROTECTION COATINGS MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 113 CORROSION PROTECTION COATINGS MARKET, BY REGION, 2023–2028 (KILOTON)
    9.2 ASIA PACIFIC 
           9.2.1 IMPACT OF RECESSION ON ASIA PACIFIC
                    FIGURE 48 ASIA PACIFIC: CORROSION PROTECTION COATINGS MARKET SNAPSHOT
                    TABLE 114 ASIA PACIFIC: CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE,  2018–2022 (USD MILLION)
                    TABLE 115 ASIA PACIFIC: CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE,  2023–2028 (USD MILLION)
                    TABLE 116 ASIA PACIFIC: CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE,  2018–2022 (KILOTON)
                    TABLE 117 ASIA PACIFIC: CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE,  2023–2028 (KILOTON)
                    TABLE 118 ASIA PACIFIC: CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY,  2018–2022 (USD MILLION)
                    TABLE 119 ASIA PACIFIC: CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY,  2023–2028 (USD MILLION)
                    TABLE 120 ASIA PACIFIC: CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY,  2018–2022 (KILOTON)
                    TABLE 121 ASIA PACIFIC: CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY,  2023–2028 (KILOTON)
                    TABLE 122 ASIA PACIFIC: CORROSION PROTECTION COATINGS MARKET,  BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                    TABLE 123 ASIA PACIFIC: CORROSION PROTECTION COATINGS MARKET,  BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                    TABLE 124 ASIA PACIFIC: CORROSION PROTECTION COATINGS MARKET,  BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                    TABLE 125 ASIA PACIFIC: CORROSION PROTECTION COATINGS MARKET,  BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                    TABLE 126 ASIA PACIFIC: CORROSION PROTECTION COATINGS MARKET, BY COUNTRY,  2018–2022 (USD MILLION)
                    TABLE 127 ASIA PACIFIC: CORROSION PROTECTION COATINGS MARKET, BY COUNTRY,  2023–2028 (USD MILLION)
                    TABLE 128 ASIA PACIFIC: CORROSION PROTECTION COATINGS MARKET, BY COUNTRY,  2018–2022 (KILOTON)
                    TABLE 129 ASIA PACIFIC: CORROSION PROTECTION COATINGS MARKET, BY COUNTRY,  2023–2028 (KILOTON)
           9.2.2 CHINA
                    9.2.2.1 Strong manufacturing industries
                                TABLE 130 UPCOMING MEGA PROJECTS IN CHINA
           9.2.3 INDIA
                    9.2.3.1 Government’s focus on manufacturing sector
                                TABLE 131 UPCOMING MEGA PROJECTS IN INDIA
           9.2.4 JAPAN
                    9.2.4.1 Presence of well-established industries
                                TABLE 132 UPCOMING MEGA PROJECTS IN JAPAN
           9.2.5 SOUTH KOREA
                    9.2.5.1 Marine industry among leading global industries
           9.2.6 INDONESIA
                    9.2.6.1 Increasing investments to drive market
           9.2.7 THAILAND
                    9.2.7.1 Manufacturing industry to contribute significantly to market growth
           9.2.8 REST OF ASIA PACIFIC
    9.3 NORTH AMERICA 
           9.3.1 IMPACT OF RECESSION ON NORTH AMERICA
                    FIGURE 49 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET SNAPSHOT
                    TABLE 133 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE,  2018–2022 (USD MILLION)
                    TABLE 134 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE,  2023–2028 (USD MILLION)
                    TABLE 135 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE,  2018–2022 (KILOTON)
                    TABLE 136 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE,  2023–2028 (KILOTON)
                    TABLE 137 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION)
                    TABLE 138 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                    TABLE 139 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (KILOTON)
                    TABLE 140 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (KILOTON)
                    TABLE 141 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET,  BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                    TABLE 142 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET,  BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                    TABLE 143 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET,  BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                    TABLE 144 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET,  BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                    TABLE 145 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY COUNTRY,  2018–2022 (USD MILLION)
                    TABLE 146 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY COUNTRY,  2023–2028 (USD MILLION)
                    TABLE 147 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY COUNTRY,  2018–2022 (KILOTON)
                    TABLE 148 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY COUNTRY,  2023–2028 (KILOTON)
                    TABLE 149 UPCOMING MEGA PROJECTS IN NORTH AMERICA
           9.3.2 US
                    9.3.2.1 Presence of major manufacturers
           9.3.3 CANADA
                    9.3.3.1 Environmental regulations to play major role
           9.3.4 MEXICO
                    9.3.4.1 Private investments, particularly in infrastructure, oil & gas, and energy sectors, to enhance economic growth
    9.4 EUROPE 
           9.4.1 IMPACT OF RECESSION ON EUROPE
                    FIGURE 50 EUROPE: CORROSION PROTECTION COATINGS MARKET SNAPSHOT
                    TABLE 150 EUROPE: CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE,  2018–2022 (USD MILLION)
                    TABLE 151 EUROPE: CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE,  2023–2028 (USD MILLION)
                    TABLE 152 EUROPE: CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE,  2018–2022 (KILOTON)
                    TABLE 153 EUROPE: CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE,  2023–2028 (KILOTON)
                    TABLE 154 EUROPE: CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY,  2018–2022 (USD MILLION)
                    TABLE 155 EUROPE: CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY,  2023–2028 (USD MILLION)
                    TABLE 156 EUROPE: CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY,  2018–2022 (KILOTON)
                    TABLE 157 EUROPE: CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY,  2023–2028 (KILOTON)
                    TABLE 158 EUROPE: CORROSION PROTECTION COATINGS MARKET, BY END-USE INDUSTRY,  2018–2022 (USD MILLION)
                    TABLE 159 EUROPE: CORROSION PROTECTION COATINGS MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)
                    TABLE 160 EUROPE: CORROSION PROTECTION COATINGS MARKET, BY END-USE INDUSTRY,  2018–2022 (KILOTON)
                    TABLE 161 EUROPE: CORROSION PROTECTION COATINGS MARKET, BY END-USE INDUSTRY,  2023–2028 (KILOTON)
                    TABLE 162 EUROPE: CORROSION PROTECTION COATINGS MARKET, BY COUNTRY,  2018–2022 (USD MILLION)
                    TABLE 163 EUROPE: CORROSION PROTECTION COATINGS MARKET, BY COUNTRY,  2023–2028 (USD MILLION)
                    TABLE 164 EUROPE: CORROSION PROTECTION COATINGS MARKET, BY COUNTRY,  2018–2022 (KILOTON)
                    TABLE 165 EUROPE: CORROSION PROTECTION COATINGS MARKET, BY COUNTRY,  2023–2028 (KILOTON)
           9.4.2 GERMANY
                    9.4.2.1 Leading manufacturer of machinery and chemicals
           9.4.3 UK
                    9.4.3.1 Sustainable and quality products to increase demand
           9.4.4 ITALY
                    9.4.4.1 New project finance rules and investment policies
           9.4.5 FRANCE
                    9.4.5.1 Adoption of innovative technologies
           9.4.6 TURKEY
                    9.4.6.1 Booming and highly attractive market
           9.4.7 REST OF EUROPE
    9.5 MIDDLE EAST & AFRICA 
           9.5.1 IMPACT OF RECESSION ON MIDDLE EAST & AFRICA
                    FIGURE 51 SAUDI ARABIA TO BE LARGEST CORROSION PROTECTION COATINGS MARKET
                    TABLE 166 MIDDLE EAST & AFRICA: CORROSION PROTECTION COATINGS MARKET,  BY RESIN TYPE, 2018–2022 (USD MILLION)
                    TABLE 167 MIDDLE EAST & AFRICA: CORROSION PROTECTION COATINGS MARKET,  BY RESIN TYPE, 2023–2028 (USD MILLION)
                    TABLE 168 MIDDLE EAST & AFRICA: CORROSION PROTECTION COATINGS MARKET,  BY RESIN TYPE, 2018–2022 (KILOTON)
                    TABLE 169 MIDDLE EAST & AFRICA: CORROSION PROTECTION COATINGS MARKET,  BY RESIN TYPE, 2023–2028 (KILOTON)
                    TABLE 170 MIDDLE EAST & AFRICA: CORROSION PROTECTION COATINGS MARKET,  BY TECHNOLOGY, 2018–2022 (USD MILLION)
                    TABLE 171 MIDDLE EAST & AFRICA: CORROSION PROTECTION COATINGS MARKET,  BY TECHNOLOGY, 2023–2028 (USD MILLION)
                    TABLE 172 MIDDLE EAST & AFRICA: CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (KILOTON)
                    TABLE 173 MIDDLE EAST & AFRICA: CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (KILOTON)
                    TABLE 174 MIDDLE EAST & AFRICA: CORROSION PROTECTION COATINGS MARKET,  BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                    TABLE 175 MIDDLE EAST & AFRICA: CORROSION PROTECTION COATINGS MARKET,  BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                    TABLE 176 MIDDLE EAST & AFRICA: CORROSION PROTECTION COATINGS MARKET,  BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                    TABLE 177 MIDDLE EAST & AFRICA: CORROSION PROTECTION COATINGS MARKET,  BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                    TABLE 178 MIDDLE EAST & AFRICA: CORROSION PROTECTION COATINGS MARKET,  BY COUNTRY, 2018–2022 (USD MILLION)
                    TABLE 179 MIDDLE EAST & AFRICA: CORROSION PROTECTION COATINGS MARKET,  BY COUNTRY, 2023–2028 (USD MILLION)
                    TABLE 180 MIDDLE EAST & AFRICA: CORROSION PROTECTION COATINGS MARKET,  BY COUNTRY, 2018–2022 (KILOTON)
                    TABLE 181 MIDDLE EAST & AFRICA: CORROSION PROTECTION COATINGS MARKET,  BY COUNTRY, 2023–2028 (KILOTON)
           9.5.2 SAUDI ARABIA
                    9.5.2.1 Increasing population and urbanization
           9.5.3 UAE
                    9.5.3.1 Increasing focus on developing regulatory mechanisms and R&D capabilities
           9.5.4 SOUTH AFRICA
                    9.5.4.1 Surge in demand for coated products
           9.5.5 REST OF MIDDLE EAST & AFRICA
    9.6 SOUTH AMERICA 
          FIGURE 52 BRAZIL TO BE LARGEST AND FASTEST-GROWING MARKET
          TABLE 182 SOUTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE,  2018–2022 (USD MILLION)
          TABLE 183 SOUTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE,  2023–2028 (USD MILLION)
          TABLE 184 SOUTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE,  2018–2022 (KILOTON)
          TABLE 185 SOUTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE,  2023–2028 (KILOTON)
          TABLE 186 SOUTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION)
          TABLE 187 SOUTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
          TABLE 188 SOUTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (KILOTON)
          TABLE 189 SOUTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (KILOTON)
          TABLE 190 SOUTH AMERICA: CORROSION PROTECTION COATINGS MARKET,  BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
          TABLE 191 SOUTH AMERICA: CORROSION PROTECTION COATINGS MARKET,  BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
          TABLE 192 SOUTH AMERICA: CORROSION PROTECTION COATINGS MARKET,  BY END-USE INDUSTRY, 2018–2022 (KILOTON)
          TABLE 193 SOUTH AMERICA: CORROSION PROTECTION COATINGS MARKET,  BY END-USE INDUSTRY, 2023–2028 (KILOTON)
          TABLE 194 SOUTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY COUNTRY,  2018–2022 (USD MILLION)
          TABLE 195 SOUTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY COUNTRY,  2023–2028 (USD MILLION)
          TABLE 196 SOUTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY COUNTRY,  2018–2022 (KILOTON)
          TABLE 197 SOUTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY COUNTRY,  2023–2028 (KILOTON)
           9.6.1 BRAZIL
                    9.6.1.1 Easy availability of raw materials
           9.6.2 ARGENTINA
                    9.6.2.1 Increased projects in infrastructure & construction industry
           9.6.3 CHILE
                    9.6.3.1 Various sectors driving market demand
           9.6.4 REST OF SOUTH AMERICA
 
10 COMPETITIVE LANDSCAPE (Page No. - 202)
     10.1 OVERVIEW 
             TABLE 198 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
     10.2 COMPANY EVALUATION QUADRANT MATRIX, 2022 
             10.2.1 STARS
             10.2.2 EMERGING LEADERS
             10.2.3 PERVASIVE
             10.2.4 PARTICIPANTS
                        FIGURE 53 COMPANY EVALUATION MATRIX, 2022
     10.3 STRENGTH OF PRODUCT PORTFOLIO 
     10.4 SMALL AND MEDIUM-SIZED ENTERPRISES EVALUATION QUADRANT MATRIX, 2022 
             10.4.1 PROGRESSIVE COMPANIES
             10.4.2 RESPONSIVE COMPANIES
             10.4.3 STARTING BLOCKS
             10.4.4 DYNAMIC COMPANIES
                        FIGURE 54 SMALL AND MEDIUM-SIZED ENTERPRISES’ EVALUATION MATRIX, 2022
     10.5 MARKET SHARE ANALYSIS 
             FIGURE 55 MARKET SHARE, BY KEY PLAYERS (2022)
     10.6 REVENUE ANALYSIS 
             FIGURE 56 REVENUE ANALYSIS OF TOP PLAYERS, 2018–2022
             10.6.1 AKZONOBEL NV
             10.6.2 PPG INDUSTRIES, INC.
             10.6.3 THE SHERWIN-WILLIAMS COMPANY
             10.6.4 JOTUN A/S
     10.7 MARKET RANKING ANALYSIS 
             TABLE 199 MARKET RANKING ANALYSIS, 2022
     10.8 COMPETITIVE SCENARIO 
             10.8.1 MARKET EVALUATION FRAMEWORK
                        TABLE 200 COMPANY END-USE INDUSTRY FOOTPRINT
                        TABLE 201 COMPANY REGION FOOTPRINT
                        TABLE 202 COMPANY OVERALL FOOTPRINT
             10.8.2 MARKET EVALUATION MATRIX
                        TABLE 203 STRATEGIC DEVELOPMENTS, BY COMPANY
                        TABLE 204 MOST FOLLOWED STRATEGIES
                        TABLE 205 GROWTH STRATEGIES ADOPTED BY KEY COMPANIES
     10.9 COMPETITIVE BENCHMARKING 
             TABLE 206 DETAILED LIST OF KEY MARKET PLAYERS
             TABLE 207 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     10.10 STRATEGIC DEVELOPMENTS 
             TABLE 208 PRODUCT LAUNCHES, 2019–2023
             TABLE 209 DEALS, 2019–2023
 
11 COMPANY PROFILES (Page No. - 221)
(Business overview, Products offered, Recent Developments, MNM view)*
     11.1 KEY PLAYERS 
             11.1.1 THE SHERWIN-WILLIAMS COMPANY
                        TABLE 210 THE SHERWIN-WILLIAMS COMPANY: COMPANY OVERVIEW
                        FIGURE 57 THE SHERWIN-WILLIAMS COMPANY: COMPANY SNAPSHOT
                        TABLE 211 THE SHERWIN-WILLIAMS COMPANY: PRODUCT LAUNCHES
                        TABLE 212 THE SHERWIN-WILLIAMS COMPANY: DEALS
             11.1.2 PPG INDUSTRIES INC.
                        TABLE 213 PPG INDUSTRIES INC.: COMPANY OVERVIEW
                        FIGURE 58 PPG INDUSTRIES INC.: COMPANY SNAPSHOT
                        TABLE 214 PPG INDUSTRIES INC.: PRODUCT LAUNCHES
                        TABLE 215 PPG INDUSTRIES INC.: DEALS
                        TABLE 216 PPG INDUSTRIES INC.: OTHERS
             11.1.3 AKZONOBEL N.V.
                        TABLE 217 AKZONOBEL N.V.: COMPANY OVERVIEW
                        FIGURE 59 AKZONOBEL N.V.: COMPANY SNAPSHOT
                        TABLE 218 AKZONOBEL N.V.: PRODUCT LAUNCHES
                        TABLE 219 AKZONOBEL N.V.: DEALS
                        TABLE 220 AKZONOBEL N.V.: OTHERS
             11.1.4 JOTUN A/S
                        TABLE 221 JOTUN A/S: COMPANY OVERVIEW
                        FIGURE 60 JOTUN A/S: COMPANY SNAPSHOT
                        TABLE 222 JOTUN A/S: DEALS
                        TABLE 223 JOTUN A/S: OTHERS
             11.1.5 KANSAI PAINT CO., LTD.
                        TABLE 224 KANSAI PAINT CO. LTD.: COMPANY OVERVIEW
                        FIGURE 61 KANSAI PAINT CO., LTD.: COMPANY SNAPSHOT
                        TABLE 225 KANSAI PAINT CO., LTD.: DEALS
             11.1.6 AXALTA COATING SYSTEMS LLC
                        TABLE 226 AXALTA COATING SYSTEMS LLC: COMPANY OVERVIEW
                        FIGURE 62 AXALTA COATING SYSTEMS LLC: COMPANY SNAPSHOT
                        TABLE 227 AXALTA COATING SYSTEMS LLC: PRODUCT LAUNCHES
                        TABLE 228 AXALTA COATING SYSTEMS LLC: DEALS
             11.1.7 HEMPEL A/S
                        TABLE 229 HEMPEL A/S: COMPANY OVERVIEW
                        FIGURE 63 HEMPEL A/S: COMPANY SNAPSHOT
                        TABLE 230 HEMPEL A/S: PRODUCT LAUNCHES
                        TABLE 231 HEMPEL A/S: DEALS
                        TABLE 232 HEMPEL A/S: OTHERS
             11.1.8 CHUGOKU MARINE PAINTS LTD.
                        TABLE 233 CHUGOKU MARINE PAINTS LTD.: COMPANY OVERVIEW
                        FIGURE 64 CHUGOKU MARINE PAINTS LTD.: COMPANY SNAPSHOT
                        TABLE 234 CHUGOKU MARINE PAINTS LTD.: PRODUCT LAUNCHES
             11.1.9 NIPPON PAINT HOLDINGS CO., LTD.
                        TABLE 235 NIPPON PAINT HOLDINGS CO. LTD.: COMPANY OVERVIEW
                        FIGURE 65 NIPPON PAINT HOLDINGS CO., LTD.: COMPANY SNAPSHOT
                        TABLE 236 NIPPON PAINT HOLDINGS CO., LTD.: PRODUCT LAUNCHES
                        TABLE 237 NIPPON PAINT HOLDINGS CO., LTD.: DEALS
             11.1.10 TEKNOS
                        TABLE 238 TEKNOS: COMPANY OVERVIEW
                        FIGURE 66 TEKNOS: COMPANY SNAPSHOT
                        TABLE 239 TEKNOS: PRODUCT LAUNCHES
     11.2 OTHER PLAYERS 
             11.2.1 NOROO PAINT & COATINGS
                        TABLE 240 NOROO PAINT & COATINGS: COMPANY OVERVIEW
             11.2.2 DIAMOND VOGEL
                        TABLE 241 DIAMOND VOGEL: COMPANY OVERVIEW
             11.2.3 GREENKOTE PLC
                        TABLE 242 GREENKOTE PLC: COMPANY OVERVIEW
                        TABLE 243 GREENKOTE PLC: PRODUCT LAUNCHES
                        TABLE 244 GREENKOTE PLC: DEALS
             11.2.4 RENNER HERRMANN S.A.
                        TABLE 245 RENNER HERRMANN S.A.: COMPANY OVERVIEW
             11.2.5 NYCOTE LABORATORIES CORPORATION
                        TABLE 246 NYCOTE LABORATORIES: COMPANY OVERVIEW
                        TABLE 247 NYCOTE LABORATORIES CORPORATION: PRODUCT LAUNCHES
                        TABLE 248 NYCOTE LABORATORIES CORPORATION: DEALS
             11.2.6 O3 GROUP
                        TABLE 249 O3 GROUP: COMPANY OVERVIEW
             11.2.7 THE MAGNI GROUP, INC.
                        TABLE 250 THE MAGNI GROUP, INC.: COMPANY OVERVIEW
             11.2.8 SECOA METAL FINISHING
                        TABLE 251 SECOA METAL FINISHING: COMPANY OVERVIEW
             11.2.9 EONCOAT, LLC
                        TABLE 252 EONCOAT, LLC: COMPANY OVERVIEW
             11.2.10 DAI NIPPON TORYO CO., LTD.
                        TABLE 253 DAI NIPPON TORYO CO., LTD: COMPANY OVERVIEW
             11.2.11 ADVANCED NANOTECH LAB
                        TABLE 254 ADVANCED NANOTECH LAB: COMPANY OVERVIEW
             11.2.12 HUISINS NEW MATERIAL TECHNOLOGY CO.
                        TABLE 255 HUISINS NEW MATERIAL TECHNOLOGY CO.: COMPANY OVERVIEW
             11.2.13 BLUCHEM
                        TABLE 256 BLUCHEM: COMPANY OVERVIEW
             11.2.14 SK FORMULATIONS INDIA PVT. LTD.
                        TABLE 257 SK FORMULATIONS INDIA PVT. LTD.: COMPANY OVERVIEW
             11.2.15 ANCATT INC.
                        TABLE 258 ANCATT INC.: COMPANY OVERVIEW
 
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
 
12 APPENDIX (Page No. - 293)
     12.1 DISCUSSION GUIDE 
     12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL 
     12.3 CUSTOMIZATION OPTIONS 
     12.4 RELATED REPORTS 
     12.5 AUTHOR DETAILS 

The study involves four major activities in estimating the current market size of Corrosion protection coatings. Exhaustive secondary research was done to collect information on the market, peer, and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation methods were used to estimate the size of the segments and sub-segments of the overall market.

Secondary Research

In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet, have been referred to for identifying and collecting information for this study. These secondary sources also included annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; gold standard & silver standard websites; regulatory bodies; trade directories; and databases.

Primary Research

The Corrosion protection coatings market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations. The demand side of this market is characterized by the development in end-use industries, such as oil & gas, marine, infrastructure, petrochemical, power generation, water treatment, etc. Advancements in formulations characterize the supply side. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Following is the breakdown of primary respondents:

Corrosion Protection Coatings Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the Corrosion protection coatings market. These methods were also used extensively to estimate the sizes of various sub-segments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the market have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Global Corrosion protection coatings Market Size: Top-down Approach

Corrosion Protection Coatings Market Size, and Share

Corrosion Protection Coatings Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and sub-segments. Data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and sub-segment. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Market Definition

Corrosion protection coatings are used for protecting metal, concrete, and other components from degradation caused by moisture, oxidation, and exposure to chemicals and saltwater. In this report, corrosion protection coatings cover only heavy- to medium-duty anti-corrosion coatings.

Heavy- to medium-duty industries such as marine, oil & gas, petrochemical, water treatment, power generation, and infrastructure are specialized with high-performance anti-corrosion coatings used to protect surfaces by creating barriers between the surfaces and the corrosive agents. These corrosion protection coatings are coated or applied to substrates exposed to highly corrosive environments.

Key Stakeholders

  • Manufacturers of Corrosion Protection Coatings and their raw materials
  • Manufacturers of Corrosion Protection Coatings for various end-use sectors such as oil & gas, petrochemical, marine, infrastructure, power generation, water treatment, etc.
  • Traders, Distributors, and Suppliers of Corrosion Protection Coatings
  • Regional manufacturers’ Associations and Corrosion Protection Coatings Associations
  • Government and Regional Agencies and Research Organizations

Report Objectives

  • To analyze and forecast the size of the Corrosion protection coatings market in terms of value and volume
  • To define, describe, and forecast the Corrosion protection coatings market by resin type, technology, end-use industry, and region
  • To provide detailed information about the drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To forecast the market size of the Corrosion protection coatings market concerning the various major regions like North America, Europe, Asia Pacific, South America, and Middle East & Africa
  • To strategically analyze micromarkets1 with respect to individual growth trends, growth prospects, and their contribution to the overall market
  • To analyze the opportunities in the market for stakeholders and provide a competitive landscape for the market leaders
  • To analyze competitive developments, such as mergers & acquisitions, new product launches, and investments & expansions, in the Corrosion protection coatings market
  • To strategically profile key players and comprehensively analyze their market shares and core competencies2

Note: 1. Micromarkets are defined as the sub-segments of the Corrosion protection coatings market included in the report.

Note 2: Core competencies of the companies are captured in terms of their key developments and key strategies adopted to sustain their position in the market.

Available Customizations

MarketsandMarkets offers customizations according to the specific needs of the companies with the given market data.

The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of the Corrosion protection coatings market, by country

Company Information

  • Detailed analysis and profiling of additional market players (up to five)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
CH 7788
Published ON
Jun, 2023
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