The Global Anti-Corrosion Coating Market Scale Will Reach $20 Billion 210 Million By 2024
- 2017-03-24 14:16:01
- admin
A research report recently released by Market Research Agency,Global Market Insights shows that the global market scale of anti-corrosion coatings in 2024 will reach $20 billion 210 million, an annual compound growth rate of about 5%.
Stimulated by the continued growth of energy demand, the global anti-corrosion coatings market is developing rapidly. The energy sector includes oil and gas engineering, nuclear power engineering, biomass energy, hydraulic engineering, solar energy and coal energy, Anti corrosion coatings can be used for the effective protection of energy facilities under severe environment. For example, Solar facilities are vulnerable to environmental moisture, but corrosion resistant coatings provide a variety of solutions. In addition, the global population is expected to exceed 9 billion in the future, which will further stimulate the demand for clean energy and promote industrial restructuring and development.
Research shows that in 2015 the global construction industry scale of more than 8 trillion U.S. Dollars, in 2024 will reach $16 trillion, compound growth rate of more than 7%. With the continuous deepening of technological innovation and the vigorous development of the construction industry, the demand for metal structural materials continues to increase. Consumer demand for anti-corrosion coatings also increased. Anti-corrosive coating not only does not affect the structural strength of the material, but also make the surface more beautiful.
In addition, the oil and gas industry has a great impact on the development of anti-corrosion coatings market. A large number of facilities such as drill, drill pipe, oil tank and other working conditions for underground water and mud, need anti-corrosion coating. The research pointed out that the strong development of oil and gas industry to promote the development of anti-corrosion coatings market, and new energy, oil and gas industry (such as shale gas, tar sands and oil shale) production also boost the development of anti-corrosion coatings market. It is worth noting that some paint raw materials such as ethylene, benzene, toluene, naphthalene affected by the supply system of crude oil, will affected the price of anti-corrosion coatings . And strict implementation of the regulations of VOC have a direct impact on anti-corrosion coatings market structure, but water-based anti-corrosion coatings demand growth will bring new growth opportunities for market development
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The analysis also pointed out that: (1) epoxy anti-corrosive coating has excellent abrasion resistance, alkali resistance, acid resistance and water resistance, the market growth rate is expected to exceed 4.5%; (2) 2015, anti-corrosion coating on infrastructure consumption more than $1 billion; (3) water-based anti-corrosion coating grow significantly because policy support. For example, the United States anti-corrosion coatings market compound annual growth rate of more than 4.5%; (4) the Asia Pacific region, especially in India, Japan China, stimulated by the construction industry development , the anti-corrosion coatings market compound annual growth rate is expected to exceed 5%; (5) Anti-corrosion field competition is fierce, company mainly include: Ashland, Axalta, Coating, Hempel, BASF, AkzoNobel, Jotun, Sinograce, PPG Industries, RPM International etc..
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