The global acid proof lining market is anticipated to reach a valuation of US$ 11,896.7 Mn by 2032, with sales growing at a positive CAGR of 6.2% from 2022 to 2032. Scaling up from an estimated value of US$ 6,519.0 Mn in 2022, the acid proof lining market is driven by increasing application in industries like petrochemical plants, food processing facilities, thermal power plants, and pharmaceuticals. The swift advancement of the metallurgy and chemical sectors coupled with rapid industrialization also contribute to the growth of the acid proof lining market during the forecast period. Due to the extensive use of acid or corrosive chemicals in chemical processing facilities, there high demand of acid proof lining in such facilities all over the world. Acid-proof coating is highly resistant to chemicals, heat, thermal shock, and mechanical pressure which is contributing to the growing popularity of the target market. Furthermore, heightened demand for poultry & seafood, bakery & confectionery, dairy, meat, and grains worldwide is likely to augment the food processing industry. This results in a surge in the sales of the target product as many organizations install new food processing equipment by using acid-proof lining to increase durability, quality control, and maintain preservation, and hygiene. Substantial chemical exposure in food processing industries also leads to extensive use of acid-resistant tiles and bricks owing to their corrosion protection, greater tensile strength, excellent bonding, solvent resistance, and other features. This, too contributes to the growing demand for acid proof lining during the assessment period. Moreover, in the recent years, many manufacturers are introducing innovative piping systems with an emphasis on inner coatings of pipelines. These coatings play a crucial role in the safe transportation of petroleum or other compounds in the oil and gas industry. Thus, new pipelines in the oil industry have acid-proof liners implemented in them to protect against corrosion. Again, as a part of the rehabilitation process for deteriorated pipelines acidresistant coatings are used. Owing to all of these factors, the global oil and gas industry has continued to act as a primary growth driver for the acid proof lining market. Request a Sample Report @ https://www.futuremarketinsights.com/reports/sample/repgb-4998 "Heightened use of acid proof lining in oil & gas and food processing industries is expected to drive the global growth of the acid proof lining market over the forecast period," says an FMI analyst. Key Takeaways: • • • • • •
Rising demand from thermal power plants and metallurgy industries to strengthen the market prospects. High cost and availability of cost-effective alternatives may stunt the market growth. The acid proof lining market in the U.S. is expected to hold 15.1% of the total market share. Advancing water treatment industry to propel the target market growth in Germany. Thermoplastic acid brick lining segment to register high demand over the assessment period. In terms of end user, oil & gas segment is anticipated to dominate the market.
Competitive Landscape