London, UK -- (SBWIRE) -- 02/27/2015 -- According to the Deutsches Institut für Normung (DIN) also known as German Institute of Standardization, corrosion is the physical interaction between a metal and its environment that results in changes of the metal's properties and which may lead to significant functional impairment of the metal, the environment or the technical system of which they form a part. Corrosion damage is a phenomenon that causes impairment of the metal function, environment or the technical system. Corrosion damage is characterized by the complete loss of operational capability of the technical system. Corrosion doesn't occur as linear abrasion, but in versatile forms of appearance. It is mainly caused due to the environmental factors which include air, soil and water. Corrosion protection is therefore needed to minimize the expenses for costly repetitive maintenance measures. Corrosion protective coatings are therefore used to avoid protect metal from degradation due to moist air, oxidation, salt spray and exposure to various industrial and environmental chemicals.

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Corrosion protective coatings act as an added protection for metal surfaces and as a barrier to inhibit the contact between chemical compounds or corrosive materials. The benefits that are provided by anti-corrosive coatings ensure metal components have the longest lifespan as metal components run in harsh conditions. There are two methods which help prevent corrosion such as modifying the corrosive environment and excluding the corrosive environment. The common approach to corrosion prevention is by protective coatings. Therefore, the corrosion protective coatings have become a vital part in the industry, especially the paints and coatings industry in the civilized and industrialized countries.

Corrosion protective coatings are used for wide range of applications such as to protect and preserve the structure of buildings where in case of fire these coatings keep the structure intact for a longer period. Corrosion protective coatings are also used on surfaces such as facades where these anti corrosion coatings prevent outside influences such as oxygen or water from causing corrosion. Corrosion protective coatings are also used in steel constructions and in oil and gas industries, power stations, bridges and cellulose mills among others. The main consumers of corrosion protective coatings include the shipping industry, railways, military, oil and natural gas industry, steel and power plants among others.

The major drivers of the corrosion protective coatings market include the growing demand from the oil and gas industry owing to the huge technical systems that exist in the companies which needs timely maintenance. In addition, the growing use of corrosion resistance coatings in the steel industry is also expected to fuel demand for corrosion protective coatings in the market.

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The key segments for corrosion protective coatings include North America, Europe, Asia Pacific and Rest of the World (RoW). Owing to significant growth in the end user industries such as oil and gas, power, the market for corrosion protective coatings is anticipated to experience growth in India. Asia Pacific being the largest developing region, corrosion protective coatings have a huge scope for growth in this region. The developed economies are also expected to add to the demand for corrosion protective coatings.

The major companies profiled for corrosion protective coatings market include: 3M, AnCatt, Metal Coatings Corporation, Corrocoat, Carboline, Kaefer, Arcoy Industries Pvt. Ltd, Daubert Chemical Company, Flosil Chemicals and Plasma Coating Products among others. The raw material used to manufacture anti-corrosive coatings includes different types of resins, pigments and formulations. Many companies are now focusing on developing different types of resins, pigments and formulations of anti-corrosive coatings to meet the needs of the customer.

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