Prismane

Global High Performance Anticorrosion Coatings Market Demand & Forecast Analysis, 2016-2032

High-performance coatings are used to extend the surface life and increase the interval time between coatings. In addition to durability, they offer improved chemical and abrasion resistance. Another key purpose of high-performance coatings is to enhance the aesthetics of the applied surface. For instance, different colors are used to color-code pipes in the chemical industry. High-performance anticorrosion coatings are similar to high-performance coatings, but with a stronger focus on anticorrosion properties. Anticorrosion pigments such as zinc chromate, lead chromate, zinc dust, zinc oxide, or lead oxide are added to enhance the protective properties of the coatings.

The global market for high-performance anticorrosion coatings is segmented into epoxy, urethane, ethyl silicate, acrylic, and vinyl coatings. Epoxy-based coatings account for more than half of the high-performance anticorrosion coatings market owing to its exceptional chemical resistance, abrasion resistance, and strong adhesion properties. Epoxy coatings are particularly favored in marine applications, especially when compared to protective coatings. Urethane based coatings are the leading type in this market, offering exceptional color, abrasion resistance, and gloss retention. Due to stringent environmental regulations, water-based acrylic coatings are expected to experience significant growth in the high-performance anticorrosion coatings market.

High-performance anticorrosion coatings play a vital role in safeguarding metal and concrete structures, such as tanks, pipes, and processing equipment, against degradation caused by exposure to corrosive environments, such as acid rain. These coatings find extensive applications in various industries, such as chemical plants, oil refineries, pulp and paper mills, public utility works, as well as marine environments where they protect ships, drilling rigs production platforms offshore oil, and other structures. These industries often face harsh environmental conditions involving chemical corrosion and humidity.

In terms of value, the global anticorrosion coatings industry accounted for nearly 10% of the total coatings market in 2021. This indicates that a significant portion of the coatings market provides protective solutions against corrosion. However, in terms of volume of coatings produced, high-performance anticorrosion coatings represent a smaller share of around 6%. China is the largest producer and consumer of High-performance anticorrosion coatings on the back of strong demand of anticorrosion coating from domestic end use industries. Japan and South Korea are the leading countries together accounting for around 10% of the global High-performance anticorrosion coatings market. Increasing industrial activities, infrastructure development, and the need to protect assets from corrosive environments are expected to drive the global High-performance anticorrosion coatings market in the long term forecast period.

The Asia Pacific region is expected to be the fastest-growing market for high-performance anticorrosion coatings, driven by increasing demand from end-use industries. The North American and European markets for high-performance anticorrosion coatings are already mature, but there is anticipated strong growth in the demand for acrylic-based coatings due to strict environmental regulations in these regions.
The shipbuilding industry has a high demand for high-performance anticorrosion coatings, as ships and water vessels face highly corrosive environments and abrasion. Currently, Chinese and Korean players dominate the shipbuilding industry, while Europe focuses more on building complex vessels such as military ships, cruise ships, and mega yachts. 

The infrastructure sector is another rapidly growing consumer of high-performance anticorrosion coatings. These coatings play a crucial role in protecting structures against changing weather conditions and acid rain, while also reducing the interval between repainting. Emerging economies in Asia, particularly South Korea and India, are expected to drive the demand for high-performance anticorrosion coatings in the infrastructure industry, as these countries have planned numerous urban development and road projects. Chemical and oil & gas industries also have substantial demand for high-performance anticorrosion coatings, along with other sectors such as water treatment and paper & pulp.

Scope of Report 

The High Performance Anticorrosion Coatings report describes the global High Performance Anticorrosion Coatings market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand Analysis
•  Demand Composition, by Types and End Use Industries
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Demand Balance 
•  High Performance Anticorrosion Coatings Market data in terms of volume and value for each end-use 
   at regional and country level
•  High Performance Anticorrosion Coatings Market analysis for demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment

1.  Introduction
      •  Scope
      •  Market Coverage
          -  Types
          -  End-Use Industries
          -  Regions
          -  Countries
      •  Years Considered
          -  Historical - 2016 – 2020
          -  Base - 2022
          -  Forecast Period - 2022 – 2032
      •  Research Methodology
          -  Approach
          -  Research Methodology
          -  Prismane Consulting Market Models
          -  Assumptions & Limitations
          -  Abbreviations & Definitions
          -  Conversion Factors
          -  Data Sources
2.  Market Synopsis 
      •  Market Evolution
      •  Demand Overview
      •  Industry Structure
      •  Strategic Issues
      •  End-use Trends
      •  Growth Forecast
3.  Economic & Energy Outlook
      •  GDP and Demographics
      •  Monetary & Fiscal Policies
      •  Crude Oil Production and prices
      •  Natural Gas
      •  Electricity Prices
4.  End-use Sector Performance      
      • Chemical Plants
      • Oil Refineries
      • Paper & Pulp
      • Others 
5.  Introduction to High-Performance Anticorrosion Coatings and Market Overview 
      •  Product Description
      •  Grades & Properties
      •  Raw Material
      •  Manufacturing Process
      •  Environmental Issues
      •  Value Chain
      •  Applications
6.  Market Dynamics and Industry Trends 
      •  Market Dynamics and COVID-19 Impact
          -  Drivers
          -  Restraints
          -  Opportunities
          -  Challenges
7.  Global High-Performance Anticorrosion Coatings Demand Analysis, By Types, By End-Use Industries (Volume, Value) (2016–2032) 
      •  Strategic Issues and COVID-19 Impact
      •  Demand Analysis and Forecast (2016 – 2032)
          -  Demand
          -  Demand Growth Rate (%)
          -  Driving Force Analysis
      •  Global High-Performance Anticorrosion Coatings Market, By Types
          - Epoxy
          - Urethane
          - Ethyl Silicate
          - Acrylic
          - Vinyl
      •  Global High-Performance Anticorrosion Coatings Market, By End-Use Industries
          - Marine
          - Chemical Plants
          - Oil Refineries
          - Infrastructure
          - Others
8.  Demand Analysis and Market Review, By Region, By Country (Volume, Value), (2016– 2032)
      •  Strategic Issues and COVID-19 Impact
      •  Demand Analysis and Forecast (2016-2032)
      •  Demand Growth Rate (%)
      •  High-Performance Anticorrosion Coatings Market, By Types
      •  High-Performance Anticorrosion Coatings Market, By End-Use Industries
Note: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand(consumption) split by types and end-use industries has been provided for each of the countries/regions in Volume (Kilotons) and Value (USD Million).
      •  North America
         -  USA
         -  Canada
         -  Mexico
      •  Western Europe
         -  Germany
         -  France
         -  Italy
         -  United Kingdom
         -  Spain
         -  Rest of Western Europe
      •  Central & Eastern Europe
         -  Russia
         -  Poland
         -  Rest of Central & Eastern Europe
      •  Asia-Pacific
         -  China
         -  Japan
         -  India
         -  South Korea
         -  ASEAN
         -  Rest of Asia-Pacific
      •  Central & South America
      •  Middle East & Africa
Note: CAGR will be calculated for all the types and end-use industries to arrive at the regional/global demand growth for the forecast period (2022 – 2032)
9.  Pricing Analysis
10.  Key Strategic Issues and Business Opportunity Assessment 
      •  Market Attractiveness Assessment
      •  Prospective & Target Market Study
11.  Strategic Recommendation & Suggestions
12.  Company Analysis and Market Share Analysis
      •  High-Performance Anticorrosion Coatings Manufacturers Profiles/ Company Analysis
         -  Basic Details
         -  Headquarter, Key Markets
         -  Ownership
         -  Company Financial
         -  Manufacturing Bases
         -  Global Turnover
         -  Total Employee
         -  Product Portfolio / Services / Solutions
         -  Key Business Strategies adopted and Prismane Consulting Overview
         -  Recent Developments
         -  Companies Covered
             - AkzoNobel
             - PPG Industries
             - Axalta Coating Systems
             - BASF
             - The Sherwin-Williams Company
             - Ashland
             - Hempel
             - Jotun
             - RPM International
             - Kansai Paints
             - Other Manufacturers
Note: This section includes company information, company financials, manufacturing bases, and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.
13.  Appendices
      •  Demand- Regions
      •  Demand– Countries

Scope of Report 

The High Performance Anticorrosion Coatings report describes the global High Performance Anticorrosion Coatings market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand Analysis
•  Demand Composition, by Types and End Use Industries
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Demand Balance 
•  High Performance Anticorrosion Coatings Market data in terms of volume and value for each end-use 
   at regional and country level
•  High Performance Anticorrosion Coatings Market analysis for demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment