Demand for corrosion protective coatings and acid proof lining substances will retain to witness regular demand in 2016, with international sales totalling 31,636.2 Mn in 2016, an increase of five.Five% over 2015. Slow, yet promising growth within the production area will maintain to drive adoption of corrosion protective coatings and acid proof lining materials in 2016. Demand can also be robust within the marine quarter, with annual revenues expected to general 6,628.1 Mn in 2016, a five.2% growth over 2015.
Innovation in coating era will maintain to open up new avenues of boom in 2016. Shift from solvent-borne era to waterborne generation will keep to advantage momentum, with the previous expected to witness a four.Five% 12 months-over-year growth in 2016 over 2015. The water-borne generation phase will witness 6.Three% y-o-y growth in 2016 over 2015. Growing investment through key players in developing economies is also expected to bolster demand for corrosion defensive coatings and acid proof lining materials.
Polymer coatings will preserve to stay the most important corrosion shielding coating product type, representing sales really worth 17,597.4 Mn in 2016, an boom of five.Eight% over 2015. Ceramic & carbon brick lining will stay the maximum beneficial product section in acid evidence lining phase, representing 1,068.1Mn in sales in 2016.
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Demand for corrosion protective coatings and acid proof lining will remain strongest in Asia Pacific, with the location representing 36.7% sales proportion in 2016. Consistent pace of creation inside the emerging countries of Asia Pacific will maintain to create sustained demand for corrosion shielding coatings and acid proof lining substances in 2016 and past. North the us and jap Europe will keep their position as the second- and third- biggest marketplace for corrosion defensive and acid proof lining substances in 2016. These areas will collectively account for 33.6% revenue percentage of the market in 2016.
BASF Coatings GmbH, PPG Industries, Inc., The Sherwin-Williams Company, Ashland Inc., Axalta Coating Systems Ltd., Hempel A/S, International Paint Ltd., and Jotun A/S etc. are some of the leading players in the global corrosion protective coatings and acid proof lining market. Concerns on the environmental impact of coatings and acid proof lining materials is influencing leading companies to focus on developing sustainable products — FMI expects this trend to gain further momentum in 2016.
Long-term Outlook: FMI maintains a positive long-term outlook on the corrosion protective coatings and acid proof lining market, anticipating the market to increase at 6.2% CAGR during the forecast period 2015-2025.
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Key Segments Covered
- By End-use Industry
- Marine
- Oil & gas
- Power generation
- Construction
- Automotive
- Transportation vehicles
- Chemicals
- Mining & metallurgy
- Others
- By Product Type
- Corrosion Protective Coatings Market
- Polymer coatings
- Rubber lining systems
- Acid Proof Lining Market
- Ceramic & carbon brick lining
- Tile lining
- Thermoplastics lining
- By Technology
- Solvent-borne
- Waterborne
- Powder-based
Table of Content
1. Executive Summary
2. Research Methodology
3. Assumptions & Acronyms Used
4. Corrosion Protective Coatings & Acid Proof Lining Market Overview
5. Corrosion Protective Coatings & Acid Proof Lining Market Dynamics
5.1. Drivers
5.2. Restraints
5.3. Market Trends
5.4. Value Chain
6. Global Corrosion Protective Coatings & Acid Proof Lining Market Analysis, By Region
to be continued…!
Related Links:
https://kaalama.org/read-blog/214070
https://issuu.com/francisgreene/docs/wood_plastic_composites_market
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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