Augmented Reality Is The Fastest Growing Segment Fueling The Growth Of Corrosion Protective Coatings Market

 Corrosion protective coatings are surface treatments for metals and alloys used to prevent corrosion. They provide a barrier between the material and the environment. Corrosion protective coatings find widespread application on oil rigs, ships, tanks, pipelines and industrial machinery to extend their life

The global Corrosion Protective Coatings Market is estimated to be valued at US$25.25 Bn in 2023 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights

Market key trends:
Corrosion protective coatings are eco-friendly formulations gaining popularity. Strict environmental regulations are driving demand for coatings free from toxic heavy metals and volatile organic compounds (VOCs). Waterborne coatings utilize water as the carrier medium instead of organic solvents. They produce lesser emissions and odors making them suitable for confined industrial spaces. Advances in powder coatings technology allow for a 100% solids formulation eliminating the need for any solvent. Powder coatings can be electrostatically sprayed on diverse substrates providing durability and Finish. The technology is gaining adoption in industries like automotive and construction.

Segment Analysis

The global corrosion protective coatings market is segmented into product, technology, end use industry and region. Based on product, the market is divided into epoxy, polyurethane, acrylic, alkyd and others. Among these, the epoxy coatings segment holds the largest share in the market, owing to excellent properties such as strong adhesion, chemical resistance and moisture resistance. Epoxy coatings protect metal surfaces more effectively from corrosion compared to other chemistries.

Key Takeaways

The global corrosion protective coatings market analysis is expected to witness high growth, exhibiting CAGR of 6.3% over the forecast period, due to increasing infrastructure development activities globally.

The Asia Pacific region is expected to dominate the global corrosion protective coatings market over the forecast period. This is attributed to the presence of emerging economies such as China and India with increasing industrial and construction activities in the region. Furthermore, growing foreign investments for infrastructural projects in the countries are driving the demand for corrosion protective coatings in Asia Pacific.

Key players operating in the corrosion protective coatings market are The Sherwin Williams Company, Akzo Nobel NV, PPG Indsutries, Inc., The Sherwin-Williams Company, and Kansal Paint Co., Ltd. AkzoNobel dominates the global corrosion protective coatings market due to its strong product portfolio and wide distribution network across regions.

 Get more insights on this topic: https://www.newsstatix.com/corrosion-protective-coatings-market-industry-insights-trendscorrosion-protective-coatings-market-2023-2030/


Comments

Post a Comment

Popular posts from this blog

Increasing aircrafts deliveries to fuel the growth of Aircraft Radome Market

Image
Aircraft Radome Market The global  Aircraft Radome Market is estimated to be valued at US$ 640.7 Mn in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Radome is a structural, weatherproof enclosure that protects a radar system or antenna and is transparent to electromagnetic waves. Radomes allow radar systems and antennas to function effectively while protecting them from harsh environmental conditions. In aircrafts, radomes provide structural integrity, aircraft aerodynamic compatibility and protection from heat, wind, and other extreme weather conditions of flight. They are made from advanced composite materials like fiberglass, graphite-epoxy, and thermoplastics. Aircraft radomes have applications in both military as well as commercial aircrafts across a wide range of aircraft platforms. Market key trends: One of the major trends in the b is the growin
Read more

The Global Naloxone Market Is Set To Experience Exponential Growth Owing To Rising Opioid Overdoses

Image
   naloxone market The naloxone market has experienced significant growth in recent years owing to increasing cases of opioid overdoses across the globe. Naloxone is an opioid antagonist medication used to reverse the effects of opioid overdoses including life-threatening depression of central nervous system and respiratory functions. The global naloxone market is estimated to be valued at US$ 1,422.26 million in 2024 and is expected to exhibit a CAGR of 4.7% over the forecast period of 2024-2030. Naloxone is administered as an injection into a muscle or vein or as a nasal spray. It is effective against both natural and synthetic opioids such as morphine, heroin, oxycodone, fentanyl, and methadone. Rising abuse and misuse of prescription opioids and increasing societal acceptability of opioids for pain management have been identified as major causes of opioid epidemics in many countries. Moreover, governmental support through policy and funding initiatives for wider public access a
Read more

Feminine Hygiene Products Market Growth Accelerated By Rising Awareness About Women Hygiene

Image
Feminine Hygiene Products Market    Feminine hygiene products provide effective solutions for maintaining women's intimate hygiene and offer convenience during menstrual cycles. Sanitary pads, tampons, panty liners, and menstrual cups are commonly used feminine hygiene products that efficiently absorb menstrual blood flow. The growing awareness about women's hygiene and health and availability of innovative product varieties catering to different needs have accelerated the demand for these products. Factors such as changing lifestyles and rising incomes have further contributed to the increased spending on intimate healthcare needs of women. The global Feminine Hygiene Products Market is estimated to be valued at US$ 41.71 Bn in 2024 and is expected to exhibit a CAGR of 23.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the key trends driving the growth in the feminine hygiene products
Read more