Heavy Duty Coating for Petrochemical Market
Heavy Duty Coating for Petrochemical Market
Scope: Industry Analysis, Market Size, Growth,
Trends Till 2031
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Heavy Duty Coating for Petrochemical Market Size and Growth
The Heavy Duty Coating for Petrochemical market exhibits substantial growth, driven by increasing industrial activities and stringent regulatory standards. The global market size is projected to reach approximately $3.5 billion by 2028, reflecting a CAGR of 5.2%. Key trends include advancements in coating technologies and rising demand for corrosion resistance.
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Companies Covered
(Covid 19 Impact Covered)
◍ AkzoNobel
◍ Nippon Paint
◍ Sherwin-Williams
◍ PPG
◍ Chugoku Marine Paints
◍ Hempel
◍ CSIC (SUNRUI)
◍ RPM International
◍ Jotun
◍ Axalta Coating Systems
The heavy-duty coating market for petrochemicals involves companies like AkzoNobel, Nippon Paint, and Jotun providing protective coatings that enhance durability and resistance to harsh environments. These firms innovate formulations and expand their market presence, driving growth.
Sales revenue highlights:
- AkzoNobel: €9.5 billion
- Sherwin-Williams: $20.3 billion
- PPG: $16.8 billion
◍ Yung Chi Paint & Varnish Manufacturing
◍ Kansai Paint
◍ Changjiang Paint
◍ Zhejiang Great Bridge Coating
◍ Xiangjiang Paint Group
◍ Zhejiang Yu Tong
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Market Segmentation
By Application
◍ Storage Tank
Petrochemical Pipeline ◍ Reaction Equipment ◍ Other
By Product
◍ Solvent-Based Coating ◍ Water-Based Paint ◍ Powder Coating
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Market Growth
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$ X Billion USD
