Albany, NY -- (SBWire) -- 11/20/2018 --The expanding database of Market Research Reports Search Engine (MRRSE) has been recently updated by the addition of a new study which is titled as "Global High-performance Anti-corrosion Coatings Market - In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2018-2026". The fact-based research report on the global High-performance Anti-corrosion Coatings market covers various aspects such as trends, drivers, challenges and opportunities that have an influence on the growth and expansion of the global market. All these factors are analyzed across key regions of Latin America, North America, Europe, Middle and Africa (MEA) and the Asia Pacific. In order to provide an accurate forecast, analysts have presented the current market, which forms the basis of how the metal caps and closures market is expected to develop in the future.
High-performance anti-corrosion coatings are used to protect metal and concrete structures, tanks, pipes, and processing equipment from deterioration caused by exposure to corrosive environments including acid rain. These coatings are used primarily in chemical plants, oil refineries, public utility works, pulp and paper mills, and other facilities. High-performance anti-corrosion coatings are also used to protect ships, offshore oil drilling rigs and production platforms, and other structures used in marine environments.
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Based on region, the global high-performance anti-corrosion coatings market can be segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific dominates the global market, due to growth of pharmaceutical and health care industries in the region. Rapid infrastructure development in major countries of Asia Pacific such as China, India, Indonesia, Vietnam, Singapore, and Malaysia is expected to boost the consumption of high-performance anti-corrosion coatings in the region between 2018 and 2026. High-performance anti-corrosion coatings are extensively consumed in the construction industry. These coatings have a wide range of applications in infrastructure development in this industry. Some of the key uses of high-performance anti-corrosion coatings include their application on steel, metal, and concrete substrates used in extraction, utilities, manufacturing, and transport infrastructure. Development of the transport infrastructure in Asia Pacific is anticipated to be the key driving factor for the market in the region during forecast period. Use of metal and steel in the construction of bridges, roadways, highways, waterways, airports, and railways is likely to provide immense growth opportunities to the high-performance anti-corrosion coatings market in the next few years. Growth of the marine industry in Asia Pacific is projected to boost the high-performance anti-corrosion coatings market in the region during the forecast period. Container ships, cargos, offshore and onshore vessels, surface warships, and submarines are a few of the marine industry components that require protective coatings for their durability. Constantly improving trade ties between Asia Pacific and other regions, primarily Europe and North America, are expected to boost bulk transport of commodities in the next few years. This rising trend of seaway transport in Asia Pacific is projected to increase shipbuilding and repair activities, primarily in China, Japan, and South Korea in the near future. Thus, growth of the shipbuilding sector in the marine industry would require incorporation of enhanced performance coatings, especially in container ships and onshore vessels. Hence, demand for high-performance anti-corrosion coatings in the marine industry in Asia Pacific is likely to increase in the next few years.
The study provides a decisive view of the global high-performance anti-corrosion coatings market by segmenting it in terms of product, application, and region. These segments have been analyzed based on present and future trends. Regional segmentation includes current and future demand for high-performance anti-corrosion coatings in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers individual product segments and application segments of the market in all regions.
The study includes profiles of major companies operating in the global high-performance anti-corrosion coatings market. Key players profiled in the report are Akzo Nobel N.V., PPG Industries Inc., Jotun A/S, Hempel A/S, Nippon Paint Holdings Co., Ltd., and 3M. Market players have been profiled in terms of company overview, business strategies, and recent developments.
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The report provides the estimated market size of the global high-performance anti-corrosion coatings market for 2017 and forecast for the next nine years. The size of the global market has been provided in terms of revenue and volume. Market numbers have been estimated based on product, application, and regional segments. The market size and forecast for each product and application segment have been provided for the global and regional markets.
The global high-performance anti-corrosion coatings market has been segmented as follows:
Global High-performance Anti-corrosion Coatings Market, by Product
Epoxy
Urethane
Acrylic
Others
Global High-performance Anti-corrosion Coatings Market, by Application
Oil & Gas
Marine
Construction
Tanks & Pipes
Power Generation
Others
Global High-performance Anti-corrosion Coatings Market, by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Spain
Russia & CIS
Rest of Europe
Asia Pacific
China
Japan
India
ASEAN
Rest of Asia Pacific
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Mexico
Rest of Latin America
Key Takeaways
The report provides extensive analysis of market trends from 2018 to 2026 to identify growth opportunities and market developments
It provides analysis of various products and applications wherein high-performance anti-corrosion coatings are used
It identifies key factors useful to build a roadmap of upcoming opportunities for the high-performance anti-corrosion coatings market at the global, regional, and country levels
The report offers comprehensive analysis with respect to investments and regulatory scenario that would subsequently impact the outlook and forecast for the global high-performance anti-corrosion coatings market between 2018 and 2026
The report provides detailed competition landscape of key players operating in the market to understand the competition level
The report offers Porters' Five Forces analysis that highlights the power of buyers and suppliers operating in the market
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Global High-Performance Anti-Corrosion Coatings Market - in-Depth Analysis with Booming Trends Supporting Growth and Forecast 2018-2026
High-performance anti-corrosion coatings are used to protect metal and concrete structures, tanks, pipes, and processing equipment from deterioration caused by exposure to corrosive environments including acid rain. These coatings are used primarily in chemical plants, oil refineries, public utility works, pulp and paper mills, and other facilities.