Anti-Rust Coating Market During 2018-2023 Across End-User Industries

Anti-Rust Coating Market 2018 Emerging Trends, Share, Industry Analysis and Forecast to 2023

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Anti-Rust Coating Market 2018

Anti-Rust Coating Market 2018: Industry Size, Emerging Trends, Share, Competitive Landscape and Forecast to 2023 • Anti-rust coating is used to prevent corrosion of metals from moisture, humidity, salt spray, and exposure to a variety of environmental or industrial chemicals. • Technologically, the anti-rust coating is manufactured as solvent-based, waterborne, powder coating, and UV cured. Presently, the waterborne coating is the largest segment driving the market growth due to the low emission of VOCs. The powdered coating is an excellent choice due to its zero VOC emission and environmentally friendly nature. It also offers properties such as durability, scratch resistance, resistance to chalking, gloss retention, and improved coating efficiency. Additionally, it qualifies American Architectural Manufacturing Association (AAMA) specifications for an eco-friendly process. Although solvent-based coating offers superior properties such as less drying time and block resistant feature, it has high VOC content. • Anti-rust coating market is primarily driven by its application in various end-use industries such as marine, oil & gas, shipbuilding, infrastructure, transportation, aerospace & defense, and others. Offshore and civilian marine industries demand anti-rust coating for shipbuilding and boat repairing due to its cost-effectiveness and superior properties of water and corrosion resistance. Sophisticated drilling, wellhead, and subsea equipment demand anti-rust coating for oil & gas exploration and extraction. The properties such as scratch resistance, glossy appearance, lesser drying period are extensively required in automotive, infrastructure, and transportation, which is likely to surge the market growth during the forecast period.

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Anti-Rust Coating Market 2018 Market Segmentation The global anti-rust coating market is segmented on the basis of the type, technology, end-use industry, and region.

On the basis of the types, the global anti-rust coating market is segmented into epoxy, polyurethane, acrylic, alkyd, zinc, chlorination, and others.

Based on the technology, the global market is categorized into solvent-based, waterborne, powder coating, and UV cured.

On the basis of the end-user industries, the global market is segregated into marine, oil & gas, power generation, shipbuilding, infrastructure, transportation, aerospace & defense, and others.

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Anti-Rust Coating Market 2018 Major Players in this Research: Key Players for Anti-Rust Coating Market: • Akzo Nobel N.V. (Netherlands), • PPG Industries, Inc. (U.S.), • Axalta Coating Systems Ltd. (U.S.), • BASF SE (Germany), • The Sherwin-Williams Company (U.S.), • Ashland Inc. (U.S.), • Kansai Paint Co., Ltd. (Japan), • Hempel A/S (Denmark), • DowDupont (U.S.), • Bluechem (Africa), • Chugoku Marine Paints Ltd. (Japan), and Clariant (Switzerland).

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Anti-Rust Coating Market 2018 Regional Market Analysis Globally, Asia Pacific accounts for the largest market for Anti-Rust Coating due to the augmented demand from the growing end-user industries such as infrastructure, automotive, and transportation, in India, China, Indonesia & Japan. Growing infrastructure development projects coupled with the ever increasing population drive the regional market growth.

North America region stands the second largest market for Anti-Rust Coating owing to the enormous contribution from the US market, fuelled by the broad application areas in the automotive industries.

In Latin America, the market is estimated to witness a remarkable growth owing to the increasing industrial activities primarily in the marine, on & offshore drilling machinery used in O&G spaces. Presence of a large number of oil deposits in Brazil and Venezuela positively impact the market growth.

The MEA (the Middle East & Africa) market is anticipated to perceive a considerable market growth during the assessment period, owing to the presence of abundant oil & gas reserves and petrochemical resources.

The Europe market, on the contrary, is estimated to witness a downturn due to the stringent environmental regulations imposed on the uses of products emitting VOC (volatile organic compounds) on a large scale.

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