Global acid proof lining market expected to generate USD 6,808 million by 2026, at a CAGR of around 5.1% between 2019 and 2026. Rapid industrialization witnessed across the globe is likely to be the major factor driving the global acid proof lining market in the future.

Sarasota, FL -- (SBWire) -- 03/15/2019 --Zion Market Research has published a new report titled "Acid Proof Lining Market by Product (Tile Lining, Thermoplastic Lining, and Ceramic and Carbon Brick Lining), by End-User (Oil and Gas, Marine, Construction, Chemicals, Transportation, Mining and Metallurgy, Automotive, Power Generation, and Others), and by Form (Water-Borne, Powder-Based, and Solvent-Borne): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026". According to the report, the global acid proof lining market was valued at approximately USD 4,573 million in 2018 and is expected to generate USD 6,808 million by 2026, at a CAGR of around 5.1% between 2019 and 2026.

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Acid proof linings protect equipment and plant facilities from aggressive media, such as acids, bases, saline solutions, etc. They also provide enhanced protection against mechanical stress.

Rapid industrialization witnessed across the globe is likely to be the major factor driving the global acid proof lining market in the future. Several emerging economies have laid emphasis on increasing the number of their manufacturing industries as along with entering into new business fields. This will help in strengthening the economy and aiding the countries to grow. According to the UN's Industrial Development Report, industrialization grew by 6.5 % from 2000 to 2015 globally. The major contributors toward this growth were the emerging economies, such as India and China. Moreover, the aim to reduce dependence on imports is another factor that is propelling the expansion of the manufacturing sector. However, the product rising costs may restrain the acid proof lining market globally in the years ahead. The high manufacturing costs could also result in increased prices of the final product.

Based on product, the global acid proof lining market is segmented into tile lining, thermoplastic lining, and ceramic and carbon brick lining. The thermoplastic lining segment held the largest market share in 2018 and is likely to witness significant growth over the forecast time period, as it exhibits significant resistance to mechanical stress, thermal shock, etc. Based on end-user, the market is segmented into oil and gas, marine, construction, chemicals, transportation, mining and metallurgy, automotive, power generation, and others. The oil and gas industry is projected to be the fastest growing end-user segment in the global acid proof lining market, as it transports various types of oils and chemicals to different regions. Additionally, the industry needs to store its products safely and prevent them from contamination and makes use of acid proof linings to protect its pipelines and vessels from contamination and damage. The form segment of the acid proof lining market includes water-borne, powder-based, and solvent-borne.

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By region, Asia Pacific was the largest region in the global acid proof lining and contributed the highest market share in terms of revenue in 2018. This can be attributed to the low labor cost and growing population base are some factors that have attracted the global companies to shift their bases in this region.

Some key players operating in the global acid proof lining market include BASF SE, PPG Industries, The Sherwin-Williams Company, AkzoNobel, Ashland Global Holdings, Axalta Coating Systems Limited, Hertel, KCC, Hempel Group, and Jotun Chemicals Company, among others.

This report segments the global acid proof lining market into:

Global Acid Proof Lining Market: Product Analysis

Tile Lining
Thermoplastic Lining
Ceramic and Carbon Brick Lining

Global Acid Proof Lining Market: End-User Analysis

Oil and Gas
Marine
Construction
Chemicals
Transportation
Mining and Metallurgy
Automotive
Power Generation
Others

Global Acid Proof Lining Market: Form Analysis

Water-Borne
Powder-Based
Solvent-Borne

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Global Acid Proof Lining Market: Regional Analysis

North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa