Corrosion Protection Coatings Market

Corrosion Protection Coatings Market by Type (Epoxy, Polyurethane, Acrylic, Alkyd, Zinc, Chlorinated Rubber), Technology (Solvent, Water, Powder), End-Use Industry (Marine, Oil & Gas, Petrochemical, Infrastructure), and Region - Global Forecast to 2025

Report Code: CH 7788 Nov, 2020, by marketsandmarkets.com

[ 236 Pages Report] The global corrosion protection coatings market size is projected to grow from USD 6.9 billion in 2020 to USD 8.9 billion by 2025, at a CAGR of 5.3%.The global corrosion protection coatings market is growing due to the end-use industries such as marine, oil & gas, petrochemical, infrastructure, power generation, and water treatment. Hence, the rapid growth of these industries is expected to contribute to the growth of the corrosion protection coatings market. However, the market is expected to decline in 2020 due to the global COVID-19 pandemic.

Attractive Opportunities in Corrosion Protection Coatings Market

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Impact of COVID-19 on Corrosion Protection Coatings Market

The outbreak of COVID-19 has impacted various industries across geographies, and thereby the effect can be felt on the economy as well, with lockdowns and suspension of manufacturing operations. Many companies have devised short-term plans to keep their operations running amidst the COVID-19 pandemic, such as major companies selling their products through online platforms. Companies also have reduced the staff by 50%, allowed work from home, and are sourcing units and distribution centers.

The pandemic has been disrupting resins’ and coatings’ supply chains and altering demand patterns that have caused a significant impact on raw material prices. The global market is in turmoil due to day-to-day developments and changing situations. Recent instability in crude oil prices and the effect on global feedstock prices are putting enormous economic pressure on the global corrosion protection coatings market.

The pandemic affected the construction companies with a high level of debt as the lockdowns delayed planned construction activities, reduced labor availability, and disrupted supply chain. It will also affect composite panel manufacturers due to the slowdown in the construction work.

The supply chain disturbance is affecting the protective industries segment, and anti-corrosion coatings producers supplying to the industrial sector are being hit hard by the effects of the coronavirus. China being the hub of raw materials for almost all the segments across the globe, the lockdown in China has caused major issues for manufacturers. The corrosion protection coating business is facing problem, as it is mainly dependent on the marine and oil & gas industries. Governments significantly reduced protective coating material tenders due to economic crises.

Oil & gas, marine, agriculture machineries, and equipment are the segments facing maximum disruption due to COVID-19. It is expected that global multinational players such as AkzoNobel, Sherwin Williams, etc. will not experience much harm due to the pandemic, but SMEs who will suffer the most, particularly during the severe period.

Market Dynamics

Driver:  Increasing losses and damage due to corrosion

Corrosion has been recognized as one of the serious problems. The losses caused by corrosion can be very high on a monetary basis and pose a direct threat toward the well-being of general property as well as the life of people. The Society of Civil Engineers (ASCE) in 2011 estimated the loss due to corrosion in the US to be higher than USD 500 billion each year. The report further estimated that around USD 3.6 trillion would be spent in the US by 2020 for the repair and maintenance of the damage caused due to corrosion. According to the Ministry of Statistics and Programme Implementation (MOSPI), the consumption of fixed capital (CFC) loss in 2019 was more than 10%of India’s GDP. There is huge monetary loss due to rust, corrosion, wear and tear, accidental damages, and other such factors, which in turn affects the consumption of fixed capital (CFC). These losses lead to economic depreciation and are mostly seen in manufacturing and real estate industries.

More than one-third of the losses can be prevented through the use of corrosion-resistant materials, such as corrosion protection coatings. Therefore, the need to reduce the loss due to corrosion will be one of the biggest drivers for the growth of the corrosion protection coatings market.

Restraint: Stringent environmental regulations

Regulations were targeted at curtailing the volatile organic compounds (VOC) emissions from coatings. REACH and LEED GreenSeal GC-03 2nd Ed., 1997 specify the VOC content in grams per liter (g/l) for corrosion protection coatings. Such regulations have put pressure on coating manufacturers to comply with the standards by reducing VOC contents while simultaneously trying to better or maintain the quality and performance of these coatings. The regulations have also impacted the price of corrosion protection coating as the regulations brought a change in the technology, which is used for the production of coatings. These are solvent-based coatings with moderate-to-high solid content. However, regulations have compelled manufacturers to explore solvent-based coatings production with low solid content or to produce water-based coatings. Any change in technology results in high investment as there is a change in the production process, which also impacts the performance of corrosion protection coatings. Therefore, the regulations present a formidable short-term restraint for the growth of the market.

Opportunity: Demand for high efficiency high performance corrosion protection coatings 

The changing operating conditions in the end-use industries such as oil & gas and marine have created demand for corrosion protection coatings with higher properties and efficiency. For example, the increasing use of enhanced oil recovery (EOR) methods in the oil & gas sector has created the requirement for coatings that can endure high temperatures and pressure efficiently and ensure long-term protection of structures. The demand for high-solid corrosion protection coatings from the oil & gas, marine, and infrastructure sectors have also increased R&D activities for the development of these coatings, which are suitable for application in harsh conditions. This is a short-term driver but has the potential to evolve to be a long-term driver. Thus, the increase in demand for high-efficiency corrosion protection coatings is expected to present significant opportunities for the growth of the market.

Challenge: Challenges from local players

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

Epoxy accounted for the largest share of the corrosion protection coatings market during the forecast period

The different types of corrosion protection coatings are epoxy, polyurethane, acrylic, alkyd, zinc, chlorinated rubber, and others. Epoxy is a major type of corrosion protection coatings, which accounted for the largest share. This is mainly attributed to excellent corrosion protection, water resistance, and widespread applications of epoxy-based corrosion protection coatings. In addition, epoxy-based corrosion protection coatings can be used in multi-component coatings with other types. 

Solvent-based technology to lead the corrosion protection coatings market during the forecast period

The solvent-based technology segment accounted for the largest market share due to better adhesion, faster drying property, and widespread applications. However, the technology is being replaced by water-based technology due to environmental regulations that limit the VOC emissions from solvents in coating systems. Water-based is the fastest-growing technology in the corrosion protection coatings market.

Oil & gas industry to lead the corrosion protection coatings market during the forecast period

Corrosion protection coatings are widely used in end-use industries such as marine, oil & gas, petrochemical, infrastructure, power generation, and water treatment. Hence, the rapid growth of these industries is expected to contribute to the growth of the corrosion protection coatings market. The oil & gas industry dominated the corrosion protection coatings market in 2019. This dominance is due to the high volume of corrosion protection coatings used in this industry. The development of oil fields in the South China Sea and investments in oil & gas infrastructure in China, Japan, Indonesia, India, and other countries are projected to increase the demand for corrosion protection coatings. The rapidly growing biofuel industry is also expected to add value to the demand for a large number of corrosion protection coatings products, which would drive the market. The slump in oil prices is estimated to prove to be a short-term restraint for the corrosion protection coatings market.

APAC to the fastest growing corroison protection coatings market during the forecast period.

The corrosion protection coatings market in APAC is projected to register the highest CAGR, in terms of value, between 2020 and 2025. This growth is attributed to the growing petrochemical, infrastructure, and power generation industries. Rapid industrialization and improved living standards in APAC are also driving the market. The high growth of emerging economies in the region makes APAC an attractive market for corrosion protection coatings manufacturers. In addition, the increasing awareness and decline in prices of corrosion protection coatings have been supporting sale growth of corrosion protection coatings in the region.

The growth of the corrosion protection coatings market is primarily triggered by the huge demand from the APAC region. The liberalization of foreign trade & investments and change in industrial policies have triggered rapid industrialization in China over the past three decades. This is contributing to the increasing demand for corrosion protection coatings in the APAC region. Various factors, such as rising losses due to corrosion and modernization of infrastructure, are also expected to drive the market during the forecast period. The reduction of corrosion costs and growing industries in the emerging markets offer a lucrative growth opportunity to the corrosion protection coatings manufacturers. However, environmental regulations are restraining the growth of the corrosion protection coatings market..

Corrosion Protection Coatings Market By APAC

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North America to account for the second largest share of the global corrosion protection coatings market during the forecast period.

The North American market is highly regulated by the Environment Protection Agency (EPA), which plays a key role in the monitoring and commercializing of coating products. Countries such as the US, Canada, and Mexico are considered under this region for market analysis. The US dominates the market in the region. Canada and Mexico also contribute significantly to the growth of the corrosion protection coatings market in North America. Rising demand from the industrial and marine industries focus on better performance and aesthetics, new developments in coating processes, growing environmental awareness, and green mobility are the major factors that drive the market for corrosion protection coatings during the forecast period.

Corrosion Protection Coatings Market North America

Key Market Players

Akzo Nobel N.V. (Netherlands), PPG Industries, Inc., (US), Jotun A/S (Norway), The Sherwin-Williams Company (US), Kansai Paint Co., Ltd (Japan), Hempel A/S (Denmark), Chugoku Marine Paints (Japan), Axalta Coating Systems  (US), Nippon Paint Co., Ltd. (Japan) and Teknos (Finland) are some of the major players operating in the global market.

Scope of the report

Report Metric

Details

Years considered for the study

2018–2025

Base year

2019

Forecast period

2020–2025

Units considered

Value (USD Million) and Volume (
kilotons)

Segments

Type, Technology and End-Use Industry

Regions

APAC, North America, Europe, the Middle East & Africa, and South America

Companies

Akzo Nobel N.V. (Netherlands), PPG Industries, Inc., (US), Jotun A/S (Norway), The Sherwin-Williams Company (US), Kansai Paint Co., Ltd (Japan), Hempel A/S (Denmark), Chugoku Marine Paints (Japan), Axalta Coating Systems  (US), Nippon Paint Co., Ltd. (Japan) and Teknos (Finland)
A total of 25 players are covered.

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

Based on type, the corrosion protection coatings market has been segmented as follows:

  • Epoxy
  • Polyurethane
  • Zinc
  • Alkyd
  • Acrylic
  • Chlorinated Rubber
  • Others (Vinyl, Unsaturated Polyesters, Polysiloxanes, And Fluoropolymers) 

Based on technology, the corrosion protection coatings market has been segmented as follows:

  • Water-based
  • Solvent-based
  • Powder-based
  • Others (UV-Cured Coating, Nano-Coating, and Radiation-Cured Coating) 

Based on end-use industries, the corrosion protection coatings market has been segmented as follows:

  • Marine
  • Oil & gas
  • Petrochemical
  • Infrastructure
  • Power Generation
  • Water Treatment
  • Others (National Defence and Aerospace, Primary Metals & Mining Operations, Pulp & Paper Mills, Food & Beverage Processing Plants, and Other Processing Uses Including Textiles) 

Based on the region, the corrosion protection coatings market has been segmented as follows:

  • North America
  • Europe
  • APAC
  • Middle East & Africa
  • South America

Recent Developments

  • In September 2020, A global leader in sustainable energy solutions, Vestas and world-leading supplier of coating solutions, Hempel, are teaming up in a new strategic partnership to cooperate around innovative solutions for surface protection of wind turbines. This partnership helps in developing more innovative and sustainable coating solutions to help reduce CO2 footprint. This strategic partnership will allow vestas and Hempel to elevate each other’s strengths with the aim of innovating and unlocking future value together.
  • In May 2020, Hempel invested USD 3.51 billion for the construction of a new factory in Yantai Chemical Industrial Park, China. It will have a production capacity of more than 100,000 tons per year and will be inaugurated in 2021. This expansion focuses on delivering innovative and more sustainable coating solutions to its customers in the region.
  • In February 2020, PPG collaborated with Dow on Sustainable Future Program to reduce carbon impacts. The partnership focuses on advances in anti-corrosion coating products for steel designed to deliver reduced greenhouse gas (GHG) emissions through increased energy efficiency while helping to lessen the high maintenance costs of steel infrastructure.
  • In October 2019, Akzo Nobel launched the Interpon Redox range of high-performance corrosion protection coatings through its Powder Coatings business. The product caters to the demand from industries such as cable cars, chemical plants, window frames, and wind turbines.
  • In September 2019, Sherwin-Williams launched a new and upgraded version of CarClad Macropoxy HS 4200. With this new product development, the company is expected to better serve its customer.
  • In August 2019, PPG introduced PPG AQUAPON WB EP, a water-based epoxy coating featuring a fast-drying, ultra-low volatile organic compound (VOC) formulation. It offers excellent performance in scrub, abrasion, chemical, and corrosion resistance. The coating product is expected to cater to the demand from commercial, institutional, and manufacturing facilities.
  • In July 2019, Akzo Nobel added three new production lines at its Changzhou powder coatings plant in China – the company’s largest facility of its kind in the world. The USD 3.3 million investment will support additional supplies of acrylic powder coatings, metallic powder coatings, and powder primers for the automotive sector, strengthening Akzo Nobel’s ability to deliver more locally produced premium products.

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 27)
     1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 MARKET INCLUSIONS AND EXCLUSIONS
           1.3.1 MARKET INCLUSIONS
           1.3.2 MARKET EXCLUSIONS
    1.4 MARKET SCOPE
           1.4.1 MARKET SEGMENTATION: CORROSION PROTECTION COATINGS
           1.4.2 YEARS CONSIDERED FOR STUDY
    1.5 CURRENCY
    1.6 UNIT CONSIDERED
    1.7 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 31)
    2.1 RESEARCH DATA
        FIGURE 1 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 Key data from primary sources
                    2.1.2.3 Key industry insights
                    2.1.2.4 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION APPROACH
           2.2.1 BASED ON TOP-DOWN APPROACH
                 FIGURE 2 MARKET SIZE ESTIMATION: SUPPLY-SIDE ANALYSIS
                 FIGURE 3 GLOBAL CORROSION PROTECTION COATINGS MARKET SIZE ESTIMATION
    2.3 DATA TRIANGULATION
        FIGURE 4 CORROSION PROTECTION COATINGS MARKET: DATA TRIANGULATION
    2.4 ASSUMPTIONS
    2.5 LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 39)
  TABLE 1 CORROSION PROTECTION COATINGS MARKET SNAPSHOT, 2020 VS. 2025
  FIGURE 5 EPOXY ACCOUNTED FOR THE LARGEST SHARE IN THE CORROSION PROTECTION COATINGS MARKET IN 2019
  FIGURE 6 SOLVENT-BASED WAS THE LARGEST TECHNOLOGY SEGMENT IN 2019
  FIGURE 7 OIL & GAS TO BE LARGEST END-USE INDUSTRY OF CORROSION PROTECTION COATINGS BETWEEN 2020 AND 2025
  FIGURE 8 APAC TO BE THE FASTEST-GROWING CORROSION PROTECTION COATINGS MARKET BETWEEN 2020 AND 2025

4 PREMIUM INSIGHTS (Page No. - 44)
    4.1 SIGNIFICANT OPPORTUNITIES IN THE CORROSION PROTECTION COATINGS MARKET
        FIGURE 9 CORROSION PROTECTION COATINGS MARKET TO WITNESS HIGH GROWTH FOR PETROCHEMICAL DEMAND BETWEEN 2020 AND 2025
    4.2 CORROSION PROTECTION COATINGS MARKET, BY TYPE
        FIGURE 10 EPOXY TO REMAIN THE LARGEST SEGMENT BETWEEN 2020 AND 2025
    4.3 CORROSION PROTECTION COATINGS MARKET, BY END-USE INDUSTRY
        FIGURE 11 OIL & GAS END-USE INDUSTRY TO LEAD THE CORROSION PROTECTION COATINGS MARKET
    4.4 CORROSION PROTECTION COATINGS MARKET, DEVELOPED VS. DEVELOPING COUNTRIES
        FIGURE 12 CHINA TO CONTINUE DOMINATING THE GLOBAL MARKET
    4.5 CORROSION PROTECTION COATINGS MARKET, BY KEY COUNTRIES
        FIGURE 13 INDIA TO BE THE FASTEST-GROWING CORROSION PROTECTION COATINGS MARKET BETWEEN 2020 AND 2025

5 MARKET OVERVIEW (Page No. - 47)
    5.1 INTRODUCTION
        FIGURE 14 ROLE OF CORROSION PROTECTION COATINGS
    5.2 OVERVIEW OF CORROSION PROTECTION COATINGS MARKET
        FIGURE 15 CORROSION PREVENTION METHODS
    5.3 TYPES OF CORROSION
           5.3.1 GALVANIC CORROSION
           5.3.2 STRESS CORROSION
           5.3.3 GENERAL CORROSION
           5.3.4 LOCALIZED CORROSION
           5.3.5 CAUSTIC AGENT CORROSION
    5.4 CORROSION PROTECTION COATINGS SELECTION PROCESS
           5.4.1 TYPE OF SURFACE OR SUBSTRATE TO BE COATED
           5.4.2 LIFE EXPECTANCY
                 TABLE 2 LIFE EXPECTANCY CRITERIA FOR SELECTION OF CORROSION PROTECTION COATINGS
           5.4.3 EASE OF ACCESS
           5.4.4 COMPLIANCE WITH LEGISLATIVE AND ENVIRONMENTAL REGULATIONS
    5.5 VALUE CHAIN OVERVIEW
           5.5.1 VALUE CHAIN ANALYSIS
                 FIGURE 16 CORROSION PROTECTION COATINGS MARKET: VALUE-CHAIN ANALYSIS
           5.5.2 DISRUPTION IN VALUE CHAIN DUE TO COVID-19
                    5.5.2.1 Action plan against current vulnerability
    5.6 MARKET DYNAMICS
        FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN THE CORROSION PROTECTION COATINGS MARKET
           5.6.1 DRIVERS
                    5.6.1.1 Increasing losses and damage due to corrosion
                    5.6.1.2 Increasing need for efficient processes and longer life of equipment
                    5.6.1.3 Innovation in modern structures
                    5.6.1.4 Growth in the end-use industries
           5.6.2 RESTRAINTS
                    5.6.2.1 Stringent environmental regulations
                    5.6.2.2 High prices of raw materials and energy
                            TABLE 3 PRICE COMPARISON
           5.6.3 OPPORTUNITIES
                    5.6.3.1 Demand for high-efficiency high-performance corrosion protection coatings
                    5.6.3.2 Emerging regions present a strong opportunity for growth
           5.6.4 CHALLENGES
                    5.6.4.1 Challenges from local players
    5.7 PORTER'S FIVE FORCES ANALYSIS
        FIGURE 18 PORTER'S FIVE FORCES ANALYSIS
           5.7.1 THREAT OF NEW ENTRANTS
           5.7.2 THREAT OF SUBSTITUTES
           5.7.3 BARGAINING POWER OF SUPPLIERS
           5.7.4 BARGAINING POWER OF BUYERS
           5.7.5 INTENSITY OF COMPETITIVE RIVALRY
    5.8 MACROECONOMIC OVERVIEW AND KEY TRENDS
           5.8.1 INTRODUCTION
           5.8.2 TRENDS AND FORECAST OF GDP
                 TABLE 4 GDP PERCENTAGE CHANGE OF KEY COUNTRIES, 2019-2024
           5.8.3 TRENDS OF OIL & GAS INDUSTRY
                 FIGURE 19 TOP 10 OIL PRODUCERS AS OF JUNE 2020
                 FIGURE 20 OIL PRODUCTION BY REGION
           5.8.4 TRENDS OF POWER GENERATION INDUSTRY
                 FIGURE 21 ELECTRICITY GENERATION BY REGION
    5.9 TECHNOLOGY OVERVIEW
        FIGURE 22 CORROSION PROTECTION COATING TECHNOLOGY
    5.1 PRICING ANALYSIS
        FIGURE 23 AVERAGE PRICE COMPETITIVENESS IN THE GLOBAL MARKET
    5.11 PAINTS & COATINGS ECOSYSTEM
         FIGURE 24 PAINTS & COATINGS ECOSYSTEM
         FIGURE 25 YC AND YCC SHIFT
    5.12 PATENT ANALYSIS
           5.12.1 METHODOLOGY
           5.12.2 PUBLICATION TRENDS
                  FIGURE 26 PUBLICATION TRENDS, 2016-2020
           5.12.3 INSIGHT
           5.12.4 JURISDICTION ANALYSIS
                  FIGURE 27 JURISDICTION ANALYSIS OF REGISTERED PATENTS, 2015-2020
           5.12.5 TOP APPLICANTS
                  FIGURE 28 NUMBER OF PATENTS, BY COMPANY, 2016-2020

6 COVID-19 IMPACT (Page No. - 65)
    6.1 OVERVIEW
    6.2 COVID-19 ECONOMIC ASSESSMENT
           6.2.1 MAJOR ECONOMIC EFFECTS OF COVID-19
                 FIGURE 29 REVISED GDP FORECASTS DUE TO COVID-19 FOR SELECTED G20 COUNTRIES IN 2020
           6.2.2 SCENARIO ASSESSMENT
                 FIGURE 30 FACTORS IMPACTING ECONOMY OF G20 COUNTRIES IN 2020
                    6.2.2.1 Scenarios Based Analysis of Impact Of COVID-19
                            FIGURE 31 SCENARIOS: IMPACT OF COVID-19 ON BUSINESS
                            FIGURE 32 IMPACT OF COVID-19 ON THE COATINGS MARKET

7 CORROSION PROTECTION COATINGS MARKET, BY TYPE (Page No. - 71)
    7.1 INTRODUCTION
        FIGURE 33 EPOXY-BASED CORROSION PROTECTION COATINGS TO LEAD THE MARKET BETWEEN 2020 AND 2025
        TABLE 5 CORROSION PROTECTION COATINGS MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
        TABLE 6 CORROSION PROTECTION COATINGS MARKET SIZE, BY TYPE, 2018-2025 (KILOTON)
    7.2 EPOXY
           7.2.1 SUPERIOR PROTECTIVE CHARACTERISTIC, COUPLED WITH MODIFIABLE NATURE OF EPOXY, HAS INCREASED THE DEMAND
                 TABLE 7 CHARACTERISTICS OF EPOXY CORROSION PROTECTION COATINGS
                 TABLE 8 EPOXY CORROSION PROTECTION COATINGS MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
                 TABLE 9 EPOXY CORROSION PROTECTION COATINGS MARKET SIZE, BY REGION, 2018-2025 (KILOTON)
    7.3 POLYURETHANE
           7.3.1 REQUIREMENT FOR POLYURETHANE RESINS IN HIGH-PERFORMANCE APPLICATIONS IS BOOSTING THEIR DEMAND
                 TABLE 10 PROPERTIES OF POLYURETHANE CORROSION PROTECTION COATINGS
                 TABLE 11 POLYURETHANE CORROSION PROTECTION COATINGS MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
                 TABLE 12 POLYURETHANE CORROSION PROTECTION COATINGS MARKET SIZE, BY REGION, 2018-2025 (KILOTON)
    7.4 ACRYLIC
           7.4.1 SUPERIOR WEATHERING AND OXIDATION RESISTANCE PROPERTIES
                 TABLE 13 CHARACTERISTICS OF ACRYLIC CORROSION PROTECTION COATINGS
                 TABLE 14 ACRYLIC CORROSION PROTECTION COATINGS MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
                 TABLE 15 ACRYLIC CORROSION PROTECTION COATINGS MARKET SIZE, BY REGION, 2018-2025 (KILOTON)
    7.5 ALKYD
           7.5.1 LENIENT ENVIRONMENTAL REGULATIONS AND GROWTH OF END-USE INDUSTRIES IN APAC HAS INCREASED THE DEMAND
                 TABLE 16 CHARACTERISTICS OF ALKYD CORROSION PROTECTION COATINGS
                 TABLE 17 ALKYD CORROSION PROTECTION COATINGS MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
                 TABLE 18 ALKYD CORROSION PROTECTION COATINGS MARKET SIZE, BY REGION, 2018-2025 (KILOTON)
    7.6 ZINC
           7.6.1 STRINGENT REGULATIONS LIMIT THE USE OF ZINC-BASED COATINGS
                 TABLE 19 CHARACTERISTICS OF ZINC CORROSION PROTECTION COATINGS
                 TABLE 20 ZINC CORROSION PROTECTION COATINGS MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
                 TABLE 21 ZINC CORROSION PROTECTION COATINGS MARKET SIZE, BY REGION, 2018-2025 (KILOTON)
    7.7 CHLORINATED RUBBER
           7.7.1 SLOW GROWTH DUE TO VOC REGULATIONS IN NORTH AMERICA AND EUROPE
                 TABLE 22 CHARACTERISTICS OF CHLORINATED RUBBER CORROSION PROTECTION COATINGS
                 TABLE 23 CHLORINATED RUBBER CORROSION PROTECTION COATINGS MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
                 TABLE 24 CHLORINATED RUBBER CORROSION PROTECTION COATINGS MARKET SIZE, BY REGION, 2018-2025 (KILOTON)
    7.8 OTHERS
        TABLE 25 OTHER CORROSION PROTECTION COATINGS MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
        TABLE 26 OTHER CORROSION PROTECTION COATINGS MARKET SIZE, BY REGION, 2018-2025 (KILOTON)

8 CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY (Page No. - 85)
    8.1 INTRODUCTION
        FIGURE 34 SOLVENT-BASED CORROSION PROTECTION COATINGS TO LEAD THE MARKET BETWEEN 2020 AND 2025
        TABLE 27 CORROSION PROTECTION COATINGS MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION)
        TABLE 28 CORROSION PROTECTION COATINGS MARKET SIZE, BY TECHNOLOGY, 2018-2025 (KILOTON)
    8.2 SOLVENT-BASED CORROSION PROTECTION COATINGS
           8.2.1 OUTSTANDING PHYSICAL PROPERTIES TO DRIVE THE DEMAND
                 TABLE 29 SOLVENT-BASED CORROSION PROTECTION COATINGS MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
                 TABLE 30 SOLVENT-BASED CORROSION PROTECTION COATINGS MARKET SIZE, BY REGION, 2018-2025 (KILOTON)
    8.3 WATER-BASED CORROSION PROTECTION COATINGS
           8.3.1 LOW TOXICITY DUE TO LOW VOC LEVELS IS INCREASING THE DEMAND
                 TABLE 31 WATER-BASED CORROSION PROTECTION COATINGS MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
                 TABLE 32 WATER-BASED CORROSION PROTECTION COATINGS MARKET SIZE, BY REGION, 2018-2025 (KILOTON)
    8.4 POWDER-BASED CORROSION PROTECTION COATINGS
           8.4.1 SUPERIOR PERFORMANCE AND EXCELLENT PROPERTIES ARE DRIVING THE DEMAND
                 TABLE 33 POWDER-BASED CORROSION PROTECTION COATINGS MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
                 TABLE 34 POWDER-BASED CORROSION PROTECTION COATINGS MARKET SIZE, BY REGION, 2018-2025 (KILOTON)
    8.5 OTHER TECHNOLOGIES
        TABLE 35 OTHER TECHNOLOGIES IN CORROSION PROTECTION COATINGS MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
        TABLE 36 OTHER TECHNOLOGIES IN CORROSION PROTECTION COATINGS MARKET SIZE, BY REGION, 2018-2025 (KILOTON)

9 CORROSION PROTECTION COATINGS MARKET, BY END-USE INDUSTRY (Page No. - 92)
    9.1 INTRODUCTION
        FIGURE 35 OIL & GAS INDUSTRY TO LEAD THE CORROSION PROTECTION COATINGS MARKET DURING THE FORECAST PERIOD
           9.1.1 DISRUPTION DUE TO COVID-19
                 TABLE 37 CORROSION PROTECTION COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
                 TABLE 38 CORROSION PROTECTION COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (KILOTON)
    9.2 MARINE
           9.2.1 SLOW GROWTH OF SHIPBUILDING SECTOR IS HAMPERING THE DEMAND
                 TABLE 39 CORROSION PROTECTION COATINGS MARKET SIZE IN MARINE INDUSTRY, BY REGION, 2018-2025 (USD MILLION)
                 TABLE 40 CORROSION PROTECTION COATINGS MARKET SIZE IN MARINE INDUSTRY, BY REGION, 2018-2025 (KILOTON)
    9.3 OIL & GAS
           9.3.1 RAPIDLY GROWING BIOFUEL INDUSTRY TO BOOST THE MARKET GROWTH
                 TABLE 41 CORROSION PROTECTION COATINGS MARKET SIZE IN OIL & GAS INDUSTRY, BY REGION, 2018-2025 (USD MILLION)
                 TABLE 42 CORROSION PROTECTION COATINGS MARKET SIZE IN OIL & GAS INDUSTRY, BY REGION, 2018-2025 (KILOTON)
    9.4 PETROCHEMICAL
           9.4.1 INDIA AND CHINA HAVE BEEN THE DRIVING FORCE FOR THE MARKET
                 TABLE 43 CORROSION PROTECTION COATINGS MARKET SIZE IN PETROCHEMICAL INDUSTRY, BY REGION, 2018-2025 (USD MILLION)
                 TABLE 44 CORROSION PROTECTION COATINGS MARKET SIZE IN PETROCHEMICAL INDUSTRY, BY REGION, 2018-2025 (KILOTON)
    9.5 INFRASTRUCTURE
           9.5.1 APAC HAS EMERGED AS A STRATEGIC MARKET FOR THE INFRASTRUCTURE SECTOR
                 TABLE 45 CORROSION PROTECTION COATINGS MARKET SIZE IN INFRASTRUCTURE INDUSTRY, BY REGION, 2018-2025 (USD MILLION)
                 TABLE 46 CORROSION PROTECTION COATINGS MARKET SIZE IN INFRASTRUCTURE INDUSTRY, BY REGION, 2018-2025 (KILOTON)
    9.6 POWER GENERATION
           9.6.1 POWER GENERATION IS AMONG THE FASTEST-GROWING INDUSTRIES IN APAC
                 TABLE 47 CORROSION PROTECTION COATINGS MARKET SIZE IN POWER GENERATION INDUSTRY, BY REGION, 2018-2025 (USD MILLION)
                 TABLE 48 CORROSION PROTECTION COATINGS MARKET SIZE IN POWER GENERATION INDUSTRY, BY REGION, 2018-2025 (KILOTON)
    9.7 WATER TREATMENT
           9.7.1 INCREASING CONCERN REGARDING WATER DISPOSAL AND WATER CONSERVATION TO DRIVE THE MARKET
                 TABLE 49 CORROSION PROTECTION COATINGS MARKET SIZE IN WATER TREATMENT INDUSTRY, BY REGION, 2018-2025 (USD MILLION)
                 TABLE 50 CORROSION PROTECTION COATINGS MARKET SIZE IN WATER TREATMENT INDUSTRY, BY REGION, 2018-2025 (KILOTON)
    9.8 OTHERS
        TABLE 51 CORROSION PROTECTION COATINGS MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2018-2025 (USD MILLION)
        TABLE 52 CORROSION PROTECTION COATINGS MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2018-2025 (KILOTON)

10 CORROSION PROTECTION COATINGS MARKET, BY REGION (Page No. - 104)
     10.1 INTRODUCTION
          FIGURE 36 APAC COUNTRIES EMERGING AS A STRATEGIC LOCATION FOR CORROSION PROTECTION COATINGS MARKET
          TABLE 53 CORROSION PROTECTION COATINGS MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
          TABLE 54 CORROSION PROTECTION COATINGS MARKET SIZE, BY REGION, 2018-2025 (KILOTON)
     10.2 APAC
          FIGURE 37 APAC: CORROSION PROTECTION COATINGS MARKET SNAPSHOT
            10.2.1 COVID-19 IMPACT ON APAC
                   TABLE 55 APAC: CORROSION PROTECTION COATINGS MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
                   TABLE 56 APAC: CORROSION PROTECTION COATINGS MARKET SIZE, BY TYPE, 2018-2025 (KILOTON)
                   TABLE 57 APAC: CORROSION PROTECTION COATINGS MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION)
                   TABLE 58 APAC: CORROSION PROTECTION COATINGS MARKET SIZE, BY TECHNOLOGY, 2018-2025 (KILOTON)
                   TABLE 59 APAC: CORROSION PROTECTION COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
                   TABLE 60 APAC: CORROSION PROTECTION COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (KILOTON)
                   TABLE 61 APAC: CORROSION PROTECTION COATINGS MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
                   TABLE 62 APAC: CORROSION PROTECTION COATINGS MARKET SIZE, BY COUNTRY, 2018-2025 (KILOTON)
            10.2.2 CHINA
                      10.2.2.1 Manufacturing industry in China is one of the largest industries, globally
                      10.2.2.2 COVID-19 impact on China
            10.2.3 INDIA
                      10.2.3.1 Trade agreements with global countries will result in companies investing heavily in India in the next five years
                      10.2.3.2 COVID-19 impact on India
            10.2.4 JAPAN
                      10.2.4.1 Presence of well-established industries drive the market
                      10.2.4.2 COVID-19 impact on Japan
            10.2.5 SOUTH KOREA
                      10.2.5.1 Marine industry of South Korea ranks among the top leaders
                      10.2.5.2 COVID-19 impact on South Korea
            10.2.6 INDONESIA
                      10.2.6.1 Increasing investment to benefit the corrosion protection coatings market
                      10.2.6.2 COVID-19 impact on Indonesia
            10.2.7 THAILAND
                      10.2.7.1 Manufacturing industry contributes significantly to the growth of the market
                      10.2.7.2 COVID-19 impact on Thailand
            10.2.8 REST OF APAC
     10.3 NORTH AMERICA
          FIGURE 38 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET SNAPSHOT
            10.3.1 COVID-19 IMPACT ON NORTH AMERICA
                   TABLE 63 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
                   TABLE 64 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET SIZE, BY TYPE, 2018-2025 (KILOTON)
                   TABLE 65 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION)
                   TABLE 66 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET SIZE, BY TECHNOLOGY, 2018-2025 (KILOTON)
                   TABLE 67 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
                   TABLE 68 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (KILOTON)
                   TABLE 69 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
                   TABLE 70 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET SIZE, BY COUNTRY, 2018-2025 (KILOTON)
            10.3.2 US
                      10.3.2.1 Presence of major manufacturers is fueling the growth
                      10.3.2.2 COVID-19 impact on the US
            10.3.3 CANADA
                      10.3.3.1 VOC-content regulations play a major role in the growth of water-based coatings in Canada
                      10.3.3.2 COVID-19 impact on Canada
            10.3.4 MEXICO
                      10.3.4.1 Private investments, particularly in infrastructure, oil & gas, and energy sectors, are expected to enhance economic growth in the future
                      10.3.4.2 COVID-19 impact on Mexico
     10.4 EUROPE
          FIGURE 39 EUROPE: CORROSION PROTECTION COATINGS MARKET SNAPSHOT
            10.4.1 COVID-19 IMPACT ON EUROPE
                   TABLE 71 EUROPE: CORROSION PROTECTION COATINGS MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
                   TABLE 72 EUROPE: CORROSION PROTECTION COATINGS MARKET SIZE, BY TYPE, 2018-2025 (KILOTON)
                   TABLE 73 EUROPE: CORROSION PROTECTION COATINGS MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION)
                   TABLE 74 EUROPE: CORROSION PROTECTION COATINGS MARKET SIZE, BY TECHNOLOGY, 2018-2025 (KILOTON)
                   TABLE 75 EUROPE: CORROSION PROTECTION COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
                   TABLE 76 EUROPE: CORROSION PROTECTION COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (KILOTON)
                   TABLE 77 EUROPE: CORROSION PROTECTION COATINGS MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
                   TABLE 78 EUROPE: CORROSION PROTECTION COATINGS MARKET SIZE, BY COUNTRY, 2018-2025 (KILOTON)
            10.4.2 GERMANY
                      10.4.2.1 Germany is one of the leading manufacturers of machinery and chemicals
                      10.4.2.2 COVID-19 impact on Germany
            10.4.3 UK
                      10.4.3.1 Sustainable and quality products are expected to increase the demand
                      10.4.3.2 COVID-19 impact on the UK
            10.4.4 ITALY
                      10.4.4.1 New project finance rules and investment policies helped in improving and re-establishing the infrastructure industry
                      10.4.4.2 COVID-19 impact on Italy
            10.4.5 FRANCE
                      10.4.5.1 Adoption of innovative technologies to drive the demand
                      10.4.5.2 COVID-19 impact on France
            10.4.6 RUSSIA
                      10.4.6.1 The positive economic outlook is boosting the corrosion protection coatings market
                      10.4.6.2 COVID-19 impact on Russia
            10.4.7 TURKEY
                      10.4.7.1 Turkey is a booming and highly attractive market
                      10.4.7.2 COVID-19 impact on Turkey
            10.4.8 REST OF EUROPE
     10.5 MIDDLE EAST & AFRICA
          FIGURE 40 SAUDI ARABIA TO BE THE LARGEST CORROSION PROTECTION COATINGS MARKET
            10.5.1 IMPACT OF COVID-19 ON THE MIDDLE EAST & AFRICA
            TABLE 79 MIDDLE EAST & AFRICA: CORROSION PROTECTION COATINGS MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
            TABLE 80 MIDDLE EAST & AFRICA: CORROSION PROTECTION COATINGS MARKET SIZE, BY TYPE, 2018-2025 (KILOTON)
            TABLE 81 MIDDLE EAST & AFRICA: CORROSION PROTECTION COATINGS MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION)
            TABLE 82 MIDDLE EAST & AFRICA: CORROSION PROTECTION COATINGS MARKET SIZE, BY TECHNOLOGY, 2018-2025 (KILOTON)
            TABLE 83 MIDDLE EAST & AFRICA: CORROSION PROTECTION COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
            TABLE 84 MIDDLE EAST & AFRICA: CORROSION PROTECTION COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (KILOTON)
            TABLE 85 MIDDLE EAST & AFRICA: CORROSION PROTECTION COATINGS MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
            TABLE 86 MIDDLE EAST & AFRICA: CORROSION PROTECTION COATINGS MARKET SIZE, BY COUNTRY, 2018-2025 (KILOTON)
            10.5.2 SAUDI ARABIA
                      10.5.2.1 Increasing population and urbanization are fueling the growth of the market
                      10.5.2.2 COVID-19 impact on Saudi Arabia
            10.5.3 UAE
                      10.5.3.1 Increasing focus to develop regulatory mechanisms as well as R&D capabilities
                      10.5.3.2 COVID-19 impact on the UAE
            10.5.4 SOUTH AFRICA
                      10.5.4.1 The surge in demand for coated products to drive the market
                      10.5.4.2 COVID-19 impact on South Africa
            10.5.5 REST OF THE MIDDLE EAST & AFRICA
     10.6 SOUTH AMERICA
          FIGURE 41 BRAZIL TO BE THE FASTEST-GROWING MARKET DURING THE FORECAST PERIOD
            10.6.1 IMPACT OF COVID-19 ON SOUTH AMERICA
                   TABLE 87 SOUTH AMERICA: CORROSION PROTECTION COATINGS MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
                   TABLE 88 SOUTH AMERICA: CORROSION PROTECTION COATINGS MARKET SIZE, BY TYPE, 2018-2025 (KILOTON)
                   TABLE 89 SOUTH AMERICA: CORROSION PROTECTION COATINGS MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION)
                   TABLE 90 SOUTH AMERICA: CORROSION PROTECTION COATINGS MARKET SIZE, BY TECHNOLOGY, 2018-2025 (KILOTON)
                   TABLE 91 SOUTH AMERICA: CORROSION PROTECTION COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
                   TABLE 92 SOUTH AMERICA: CORROSION PROTECTION COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (KILOTON)
                   TABLE 93 SOUTH AMERICA: CORROSION PROTECTION COATINGS MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
                   TABLE 94 SOUTH AMERICA: CORROSION PROTECTION COATINGS MARKET SIZE, BY COUNTRY, 2018-2025 (KILOTON)
            10.6.2 BRAZIL
                      10.6.2.1 Easy availability of raw materials to fuel the growth of the market
                      10.6.2.2 COVID-19 impact on Brazil
            10.6.3 ARGENTINA
                      10.6.3.1 Increased projects in the infrastructure & construction industry have influenced the market growth
                      10.6.3.2 COVID-19 impact on Argentina
            10.6.4 REST OF SOUTH AMERICA

11 COMPETITIVE LANDSCAPE (Page No. - 145)
     11.1 OVERVIEW
          FIGURE 42 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENT AS THE KEY GROWTH STRATEGY BETWEEN 2017 AND 2020
          FIGURE 43 MARKET EVALUATION FRAMEWORK
     11.2 MARKET SHARE ANALYSIS
          FIGURE 44 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2019
            11.2.1 AKZO NOBEL N.V.
            11.2.2 PPG INDUSTRIES, INC.
     11.3 COMPETITIVE LEADERSHIP MAPPING, 2019
            11.3.1 STAR
            11.3.2 EMERGING LEADER
            11.3.3 PERVASIVE
            11.3.4 EMERGING COMPANIES
                   FIGURE 45 CORROSION PROTECTION COATINGS MARKET: COMPETITIVE LEADERSHIP MAPPING, 2019
     11.4 STRENGTH OF PRODUCT PORTFOLIO
                   FIGURE 46 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN CORROSION PROTECTION COATINGS MARKET
     11.5 BUSINESS STRATEGY EXCELLENCE
                   FIGURE 47 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN CORROSION PROTECTION COATINGS MARKET
     11.6 COMPETITIVE SCENARIO
            11.6.1 NEW PRODUCT DEVELOPMENT
                   TABLE 95 NEW PRODUCT DEVELOPMENT, 2017-2020
            11.6.2 MERGER & ACQUISITION
                   TABLE 96 MERGER & ACQUISITION, 2017-2020
            11.6.3 INVESTMENT & EXPANSION
                   TABLE 97 INVESTMENT & EXPANSION, 2017-2020
            11.6.4 JOINT VENTURE, PARTNERSHIP & AGREEMENT
                   TABLE 98 JOINT VENTURE, PARTNERSHIP & AGREEMENT, 2017-2020

12 COMPANY PROFILES (Page No. - 155)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and Right to Win)*
     12.1 AKZO NOBEL N.V.
          FIGURE 48 AKZO NOBEL N.V.: COMPANY SNAPSHOT
          FIGURE 49 AKZO NOBEL N. V.: SWOT ANALYSIS
     12.2 PPG INDUSTRIES INC.
          FIGURE 50 PPG INDUSTRIES: COMPANY SNAPSHOT
          FIGURE 51 PPG INDUSTRIES: SWOT ANALYSIS
     12.3 JOTUN A/S
          FIGURE 52 JOTUN A/S: COMPANY SNAPSHOT
          FIGURE 53 JOTUN A/S: SWOT ANALYSIS
     12.4 THE SHERWIN-WILLIAMS COMPANY
          FIGURE 54 THE SHERWIN-WILLIAMS COMPANY: COMPANY SNAPSHOT
          FIGURE 55 THE SHERWIN-WILLIAMS COMPANY: SWOT ANALYSIS
     12.5 KANSAI PAINT CO., LTD.
          FIGURE 56 KANSAI PAINT CO., LTD.: COMPANY SNAPSHOT
          FIGURE 57 KANSAI PAINT CO. LTD.: SWOT ANALYSIS
     12.6 HEMPEL A/S
          FIGURE 58 HEMPEL A/S: COMPANY SNAPSHOT
     12.7 CHUGOKU MARINE PAINTS LTD.
          FIGURE 59 CHUGOKU MARINE PAINTS LTD.: COMPANY SNAPSHOT
     12.8 AXALTA COATING SYSTEMS
          FIGURE 60 AXALTA COATING SYSTEMS, LLC: COMPANY SNAPSHOT
     12.9 NIPPON PAINT CO., LTD.
          FIGURE 61 NIPPON PAINT HOLDINGS CO., LTD.: COMPANY SNAPSHOT
     12.1 TEKNOS
          FIGURE 62 TEKNOS: COMPANY SNAPSHOT
     12.11 OTHER KEY PLAYERS
            12.11.1 NOROO PAINTS & COATINGS
            12.11.2 DIAMOND VOGEL
            12.11.3 GREENKOTE PLC
            12.11.4 RENNER HERRMANN S.A.
            12.11.5 NYCOTE LABORATORIES CORPORATION
            12.11.6 O3 GROUP
            12.11.7 THE MAGNI GROUP, INC.
            12.11.8 HUISINS NEW MATERIAL TECHNOLOGY CO.
            12.11.9 SECOA METAL FINISHING
            12.11.10 EON COAT LLC
            12.11.11 DAI NIPPON TORYO CO., LTD.
            12.11.12 ADVANCED NANOTECH LAB
            12.11.13 BLUCHEM
            12.11.14 SK FORMULATIONS INDIA PVT. LTD.
            12.11.15 ANCATT INC.

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and Right to Win might not be captured in case of unlisted companies.

13 ADJACENT/RELATED MARKETS (Page No. - 214)
     13.1 INTRODUCTION
     13.2 LIMITATION
     13.3 COATING RESINS
            13.3.1 MARKET DEFINITION
            13.3.2 MARKET OVERVIEW
            13.3.3 COATING RESINS MARKET, BY RESIN TYPE
                   TABLE 99 COATING RESINS MARKET SIZE, BY RESIN TYPE, 2018-2025 (USD MILLION)
                   TABLE 100 COATING RESINS MARKET SIZE, BY RESIN TYPE, 2018-2025 (KILOTON)
                      13.3.3.1 Acrylic
                      13.3.3.2 Alkyd
                      13.3.3.3 Vinyl
                      13.3.3.4 Polyurethane
                      13.3.3.5 Epoxy
                      13.3.3.6 Unsaturated Polyester
                      13.3.3.7 Saturated Polyester
                      13.3.3.8 Amino
                      13.3.3.9 Others
            13.3.4 COATING RESINS MARKET, BY TECHNOLOGY
                   TABLE 101 COATING RESINS MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION)
                   TABLE 102 COATING RESINS MARKET SIZE, BY TECHNOLOGY, 2018-2025 (KILOTON)
                      13.3.4.1 Waterborne Coatings
                               FIGURE 63 TYPES OF WATERBORNE COATINGS
                      13.3.4.2 Solventborne Coatings
                               TABLE 103 TRADITIONAL FORMULATION SOLVENT USED FOR EACH RESIN TYPE
                      13.3.4.3 Powder Coatings
                               FIGURE 64 TYPES OF POWDER COATINGS
                      13.3.4.4 Others
                                  13.3.4.4.1 High Solid Coatings
                                             FIGURE 65 TYPES OF HIGH SOLID COATINGS
                                  13.3.4.4.2 Radiation curable coatings
                                             FIGURE 66 TYPES OF RADIATION CURABLE COATINGS
            13.3.5 COATING RESINS MARKET, BY APPLICATION
                   TABLE 104 COATING RESINS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
                   TABLE 105 COATING RESINS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
                   TABLE 106 ARCHITECTURAL COATING RESINS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
                   TABLE 107 ARCHITECTURAL COATING RESINS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
                   TABLE 108 INDUSTRIAL COATING RESINS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
                   TABLE 109 INDUSTRIAL COATING RESINS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
                      13.3.5.1 Architectural Coatings
                      13.3.5.2 Marine & Protective Coatings
                      13.3.5.3 General Industrial Coatings
                      13.3.5.4 Automotive Coatings
                      13.3.5.5 Wood Coatings
                      13.3.5.6 Packaging Coatings
                      13.3.5.7 Others
                                  13.3.5.7.1 Coil
                                  13.3.5.7.2 Aerospace
                                  13.3.5.7.3 Graphic Arts
            13.3.6 COATING RESINS MARKET, BY REGION
                   TABLE 110 COATING RESINS MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
                   TABLE 111 COATING RESINS MARKET SIZE, BY REGION, 2018-2025 (KILOTON)
                      13.3.6.1 APAC
                      13.3.6.2 Europe
                      13.3.6.3 North America
                      13.3.6.4 Middle East & Africa
                      13.3.6.5 South America

14 APPENDIX (Page No. - 229)
     14.1 DISCUSSION GUIDE
     14.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
     14.3 AVAILABLE CUSTOMIZATIONS
     14.4 RELATED REPORTS
     14.5 AUTHOR DETAILS

The study involved four major activities in estimating the current market size of corrosion protection coatings. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both supply-side and demand-side 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 subsegments of the overall market. 

Secondary Research

This research report involves the use of extensive secondary sources, directories, and databases, such as Bloomberg, BusinessWeek, Factiva, ICIS, and OneSource to identify and collect information useful for the technical, market-oriented, and commercial study of the corrosion protection coatings market. The secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, and articles from recognized authors, authenticated directories, and databases. 

Primary Research

The corrosion protection coatings market comprises several stakeholders, such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations. The demand side of this market is characterized by the development of the marine, oil & gas, petrochemical, infrastructure, power generation, water treatment and other end-use industries. The supply side included industry experts, such as CEOs, vice presidents, marketing directors, technology and innovation directors, and related key executives from various companies and organizations operating in the market. 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

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

Market Size Estimation

Supply-side and Demand-side approaches have been used to estimate and validate the total size of the corrosion protection coatings market. These approaches have also been used extensively to estimate the size of various dependent sub-segments of the market. The research methodology used to estimate the market size includes the following steps:

  • The key players have been identified through extensive secondary research.
  • The corrosion protection coatings 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.
  • All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. 

Data Triangulation

After arriving at the overall size of the corrosion protection coatings market from the estimation process explained above, the total market has been split into several segments and sub-segments. The data triangulation and market breakdown procedures have been employed, wherever applicable to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Apart from this, the market size has been validated using both supply-side and demand-side approaches. 

Report Objectives

  • To define, describe, and forecast the size of the corrosion protection coatings market, in terms of value and volume
  • To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the market growth
  • To analyze and forecast the market based on type, technology and end-use industry
  • To analyze and forecast the market based on key regions, such as North America, Europe, Asia Pacific (APAC), the Middle East & Africa and South America
  • To strategically analyze the micromarkets 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 in the market, such as new product launch, collaboration, and expansion
  • To strategically profile the key players and comprehensively analyze their market shares and core competencies

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:

Regional Analysis

  • Further breakdown of a region with respect to a particular country

Company Information

  • Detailed analysis and profiling of additional market players
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