The surface protection services market has experienced significant growth in recent years, driven by the increasing need to safeguard valuable assets and extend the lifespan of surfaces. These services are critical across various industries, including construction, manufacturing, automotive, aerospace, and more.
The Surface Protection Services market is geographically diverse, with significant activity in regions like North America, Europe, Asia-Pacific, and the Middle East. Asia-Pacific, in particular, is emerging as a major market player due to rapid industrialization and construction activities in countries like China and India. Europe and North America continue to be strong markets, driven by a focus on sustainability and stringent regulations.
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Key Takeaways
The surface protection services market is brutally competitive and small players often struggle to make their mark. Therefore, innovation is essential to gain a competitive edge and to take advantage of growth opportunities. Companies can look at coatings that are environmentally friendly and have low VOC content to thrive in the surface protection services market.
Product Type – Corrosion Protective Coating Systems Dominate Other Product Types
The corrosion protective coating systems hold the lion’s share in the surface protection services market and are expected to gain 30 BPS by the year 2027. Corrosion protective coating systems bond by way of a chemical reaction with the substrate and minimal surface oxidation is beneficial. Therefore, corrosion promoters such as humidity and oxygen are able to get behind the coating in a similar fashion to ordinary paints. Corrosive protective coating systems have a double layer protection for mild steel and are widely utilized as compared to other product types in the surface protection services market. The corrosion protective coating systems market is predicted to surge past US$ 6 billion by the end of the forecast period.
Application – Huge Gains in Process Vessels, Equipment & Rigs Application Segment
The process vessels, equipment & rigs segment has a market share of approx. 45% of the surface protection services market in terms of application and is poised to gain significant share going forward. NACE estimates that the cost of corrosion protection as a result of constructing new ships is more than US$ 7 billion every year i.e. almost 10% of the vessel’s total cost. Annual repairs & maintenance cost on account of corrosion is approx. US$ 5.5 billion with an additional US$ 5 billion in downtime. For process vessels & equipment built with reduced scantlings, it is vital that coating systems be property maintained. All of this is likely to boost the need for surface protection services in process vessels, equipment & rigs.
Competition Dashboard in the Global Surface Protection Services Market
Companies profiled in the report are Shawcor, Corrosion and Abrasion Solutions Ltd., PPG Industries, Dampney Company, Delta T & Proptective Products, Blair Rubber Co., Integrated Protective Coating, Abtrex Industries Inc., Applied Rubber Linings Ltd., T.F. Warren Group, Viking Conveyor, Wasser Corporation, 3M, Moon Fabricating Corporation, Hajjan Trading & Industrial Services Company Ltd., Spence Corrosion Services Ltd., Hempel A/S, Aegion Corporation, and Carboline Company.
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Surface Protection Services Market Taxonomy
Product Type
- Corrosion Protective Rubber Lining
- Corrosion Protective Coating Systems
- Acid Proof Lining
- Ceramic & Brick Lining
- Tile Lining
- Thermoplastic Lining
Application
- Process Vessels, Equipment & Rigs
- Collection Basins & Tanks
- Pipelines
- Others (water treatment facilities, incinerators, etc.)
Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- MEA
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