What is High-performance Anti-corrosion Coatings?
Anti-corrosion coatings are majorly used to protect metal and other surfaces from degradation triggered by various corrosive agents such as moisture, chemicals, and salt. The material with greater capabilities to putt-off corrosion is termed as high-performance anti-corrosion coatings. The rise in maintenance and repair activities in the global oil & gas industry, especially for oil drilling equipment, offshore installation machinery, process vessels, and transmission pipelines, is likely to be a major driver of the market in the next few years. High-performance anti-corrosion coatings are required for coating applications in insulated wires, electricity-generating components, turbine blades, and hydraulic systems used in nuclear, geothermal, and solar power sub-sectors.
The market study is broken down by Type (Epoxy, Urethane, Acrylic and Others), by Application (Oil & Gas, Marine, Construction, Tanks & Pipes, Power Generation and Others) and major geographies with country level break-up.
Research Analyst at AMA estimates that Vendors from United States will contribute to the maximum growth of Global High-performance Anti-corrosion Coatings market throughout the predicted period.
Akzo Nobel N.V. (Netherlands), PPG Industries Inc., Jotun A/S (Norway), Hempel A/S (Denmark), Nippon Paint Holdings Co. (Japan), 3M (United States), Chugoku Marine Paints (Japan), RPM International Inc. (United States), Kansai Paint Co. (Japan) and The Sherwin-Williams Company (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Tnemec Inc. (United States), Sokema (Italy), AICA Kogyo Co.Ltd. (Japan) and AnCatt Inc. (United States).
AdvanceMarketAnalytics has segmented the market of Global High-performance Anti-corrosion Coatings market by Type, Application and Region.
On the basis of geography, the market of High-performance Anti-corrosion Coatings has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Water-borne will boost the High-performance Anti-corrosion Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In December 2019, RPM International Inc. announced that its Mantrose-Haeuser Co., Inc. business has acquired Profile Food Ingredients, LLC, a manufacturer of dry stabilizer and emulsifier blends for the food industry.
In October 2019, AkzoNobel launched a range of high-performance primers for corrosion protection. It covers a full array of substrates, surfaces, and environments – from cable cars and chemical plants to window frames and wind turbines.
- Rising demand for acrylic coatings
- The increasing population and disposable income of consumers in developing countries are likely to drive the demand
- 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.
- Rising construction activities in the Asia Pacific region coupled with oil & gas expansion is likely to expand global high-performance anti-corrosion
- The volatility in prices of crude oil and raw materials derived from primary petrochemicals
- The strict governmental regulations on VOC emissions are the potential
Key Target AudienceHigh-performance Anti-corrosion Coatings Providers, Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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