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FMI presents detailed analysis and delivers key insights on the global controlled and slow release fertilizers market in its latest report titled ‘Controlled and Slow Release Fertilizers Market Forecast, Trend Analysis & Competition Tracking – Global Review 2018 to 2028’.

The long-term outlook on the global controlled and slow release fertilizers market is positive with the controlled and slow release fertilizers market pegged at a value of US$ 4,791 Mn in 2018. It is expected to reach US$ 10,222.4 Mn by 2028 end, growing at a value CAGR of 9.1%.

Among the segments by type, the encapsulated/coated controlled and slow release fertilizers segment is expected account for the lion’s share in terms of value and volume over the forecast period. The encapsulated/coated controlled and slow release fertilizers segment is expected to expand at a relatively higher CAGR.

Among regions, Asia Pacific excluding Japan (APEJ) is anticipated to retain its dominance throughout the forecast period while growing at a rate of 11.1% from 2018 to 2028. In this report, FMI throws light on the drivers and restraints likely to impact the controlled and slow release fertilizers market during this period.

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Global Controlled and Slow Release Fertilizers Market Dynamics

Market insights suggest that the global controlled and slow release fertilizers market will witness high growth during the forecast period, which can be attributed to the growing population and decreasing agricultural land. Growing food consumption and increasing need for effective fertilizers are pushing the market for controlled and slow release fertilizers.

The need for higher output with fewer resources is the driving the development of new technologies in the agricultural industry. With the use of conventional fertilizers, it is not possible to satisfy the growing demand for food. The use of slow and controlled release fertilizers improves the yield and saves labour.

New developments such as increase in the longevity and performance of coated fertilizers are pushing the market for controlled and slow release fertilizers in agricultural as well as commercial applications. The slow release of nutrients allows fertilizers to last longer and thereby increase fertilizer performance, which is driving the demand for controlled and slow release fertilizers.

Urea reaction products also accounted for a significant share of the controlled and slow release fertilizers market; however, the increasing popularity of encapsulated coated fertilizers is expected to dominate the urea reaction product segment during the forecast period.

The superior longevity of encapsulated/coated products as compared to that of urea reaction products is expected to push the growth of the encapsulated/ coated segment during the forecast.

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Global Controlled and Slow Release Fertilizers Market Segmentation Analysis

The controlled and slow release fertilizers market has been segmented on the basis of application into agricultural, commercial lawn and turf and others.

• On the basis of application, the agricultural segment is anticipated to dominate the controlled and slow release fertilizers market in terms of value and volume over the forecast period
• The agricultural segment is also projected to grow at a relatively higher CAGR over the forecast period. It is expected to represent a total incremental opportunity of US$ 3,863 Mn between 2018 and 2028 in the global controlled and slow release fertilizers market

Global Controlled and Slow Release Fertilizers Market Competition Landscape

The report highlights some of the top companies operating in the global controlled and slow release fertilizers market, including Kingenta Ecological Engineering Group Co. Ltd., Israel Chemicals Ltd (ICL), Yara International ASA, Agrium Inc., Haifa Chemicals Ltd., Koch Fertilizer LLC and Aglukon Spezialduenger GmbH & Co. KG., among others.

Controlled and Slow Release Fertilizers Market: Segmentation

Type

• Urea Reaction Products
• Encapsulated/ Coated

Application

• Agricultural
• Commercial Lawn and Turf
• Others

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Global Controlled and Slow Release Fertilizers Market Regional Forecast

Regionally, APEJ accounted for over 47% of the global controlled and slow release fertilizers market value while North America accounted for the second largest share in the controlled and slow release fertilizers market. APEJ is projected to be the fastest growing region with a CAGR of 11.5% during the forecast period.

Large population base and rapid population growth, improving economic conditions, change in eating habits and increasing food consumption are some of the important factors driving the demand for controlled and slow release fertilizers.

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The global lining market is estimated to be valued at US$ 3,958.7 Mn by 2018 end. Expanding at a modest CAGR of 3.9%, the global lining market is anticipated to reach a valuation of US$ 5,820.8 Mn, over the forecast period of 2018-2028, as per a recent study by Future Market Insights.

Global lining market prospects are likely to be significantly influenced by the increasing investments in oil and gas exploration activities and augmenting production capacities of refineries.

Moreover, surging demand for trade through marine ports coupled with growing shipbuilding industry and frequent repair and maintenance of linings in shipping are some key factors favoring the growth of global lining market.

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Polymer Lining to Remain Most Preferred Across Industries Through 2028; Demand for Eco-Friendly Products to Induce Novelties in Lining Market

Segmented into polymer lining, rubber lining, ceramic and carbon brick lining, and tile lining, the global lining market will witness significant revenue contribution from the polymer lining variant. The polymer lining segment is projected to hold a dominant share in terms of both market value and CAGR index. Growing demand for linings across the globe as well as environmental regulations in developed regions are the major factors driving the lining market.

Moreover, increasing demand from marine, oil and gas, automotive, and chemicals industries is likely to drive the adoption of polymer lining in the global lining market. Epoxy resins are likely to dominant the global polymer lining market, owing to its excellent resistance to numerous chemicals couple with other technological advancements.

Although solvent borne linings are likely to hold a significant share of the global lining market, considering increasing adoption of ecofriendly lining products in developed countries would propel the adoption of waterborne and powder linings.

Stringent Government regulations and adoption of lining products with low-VOC content are key factors pushing the demand for waterborne and powder linings. Manufacturers in the global linings market are constantly investing in R&D activities to introduce new products and technologies for product differentiation, further driving the lining market.

However, volatile prices of raw materials including epoxy and polyurethane and stringent government directives regarding VOC emissions across various regions are key restrainers impacting the overall growth of global lining market.

China followed by Western Europe and North America, are likely to showcase increased adoption of linings. Fast-paced industrial growth in China is significantly contributing to sales of lining products in the region, which is expected to hold nearly 35% of the market, by 2028.

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Major global suppliers of linings are channelizing efforts towards developing partnerships with end users in order to better address the demand for specific requirements. Product customization is likely to remain a key differentiation strategy among key manufacturers in the global lining market.

Top players in the global linings market are: The Sherwin Williams Company, PPG Industries, Inc, Akzo Nobel N.V., Hempel A/S, The Jotun Group, Solvay SA, Teknos Group, and STEULER-KCH GmBH.

Key Segments Covered

The linings market is segmented as given below:

By Product Type:

• Polymer
• Rubber
• Ceramic & Carbon Brick Line
• Tile Lining

By Chemistry:

• Solvent borne
• Waterborne
• Powder

By End Use:

• Marine
• Oil & Gas
• Construction
• Power Generation
• Chemical Industry
• Automotive
• Mining and Metal Processing
• Others

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Marine Trade and Shipbuilding Activities Offering Potential Opportunities for Lining Adoption

Marine routes are major conveyance option for goods in the form of containers, dry and liquid bulk and roll on-roll off (Ro-Ro) type of cargos. Cost effective transfer of heavy and bulk materials in a single go fueling marine trade. Shipbuilding, too is contributing to the growth of global lining market.

Availability of all necessary resources in Asia Pacific is found to be a key factor responsible for the growth of the shipbuilding industry in the region. Moreover, low labor cost and indulgent legislations are accelerating the shipbuilding industry, further pushing the demand for marine linings over the forecast period.

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The global magnetic stripe readers market is estimated to expand at a remarkable CAGR during the forecast period 2022-2032. Growing emphasis on contactless interfaces and enhanced security of personal identification cards has resulted in increasing the adoption of magnetic stripe embedded smartcards, which is in turn, bolstering the demand for magnetic stripe readers in the market.

Magnetic stripe readers, also called magstripe readers or magnetic card readers, are hardware devices that are able to read the information encoded in the magnetic stripe. It can also be used to access, validate, authenticate, and retrieve data or information stored in these stripes. As the deployment of magnetic stripe increases convenience and assist in enhancing identity management, it is extensively being used credit cards, identity cards, debit cards, loyalty cards, gift cards, and others.

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In addition, increasing incidence of corporate data thefts and mischiefs, these magnetic stripes are also being utilized in access cards to prevent the intrusion of unauthorized identity in secured premises such as banking institution, airports, and others. These cards are finding a wide range of applications across sectors such as banking, financial services, insurance, transportation, and retail sectors for usage in the execution of any transaction or any identity-based activities as well.

Thus, cards embedded with magnetic stripes are gaining enormous traction across all professional and commercial fronts by individuals and enterprises alike. As magnetic stripe readers are used to read, access, and authenticate the information encoded in the card, increasing adoption of these cards is projected to augment the sales in the global market.

What are the Challenges Faced by the Magnetic Stripe Readers Market?

Although magnetic stripe embedded card offers numerous benefits, relatively high cost of these cards, risk of getting the data encoded damaging presence of strong magnetic fields, and less durability are discouraging the use of magnetic stripe card, which is in turn, hindering the sales of magnetic stripe readers.

Also, increasing customer inclination towards using magnetic stripe embedded card alternatives such as biometric and smart cards, high initiation cost, and limited data storage capacity of magnetic stripe readers are other factors restraining the growth in the market.

Market Competition

Some of the leading players in the global magnetic strips readers market are Brush Industries, ID Tech, Jadak, Unitech, Xico Inc., Ingenico Group, Azkoyen Group, Posiflex, Magtek Inc., MUTEK Ltd, Verifone, Honeywell, Motorola, Neuron Electronics Inc., and Square Reader.

Attributed to the presence of such high number of participants and increasing product launches with advanced features, the market is highly competitive.

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Industrial fryers Market overview are kitchen appliances commonly used in the food industry to fry consumables such as pre-cooked snacks, potato products and breaded meats. In industrial fryers, a grid type bunch with hollow pipe are used to properly supply of heat from source to pan to efficiently fry the products. The oil, stored in a pan or container, is heated up to 600 degree centigrade to fry the food products. Industrial fryers, after a certain duration of operation, are cleaned with the help of cleaning agents, carbon di oxide, water and mist.

Chips & crisps are popular snacks and thus, crisp & chip makers are expected to account a noteworthy share in the global industrial fryers market. Therefore, it can be inferred that the industrial fryers market is correlated to the chips & crisps market. The changing consumer preference towards flavored fried products, coupled with the rising awareness pertaining to fatless fried crisps, is expected to upsurge the sales of industrial fryers in the coming years. Among the two types of industrial fryers, i.e. electrical and gas, electrical industrial fryers are relatively more efficient, reliable and compact as compared to gas industrial fryers.

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Industrial Fryers Market: Dynamics

Rising consumption of oil fried or dry fried fast foods such as potato chips and meat, coupled with the rising awareness pertaining to fatless fried fast food, is expected to drive the industrial fryers market on a global level. Furthermore, the increasing number of government regulations aimed towards improving the quality of oil fried products is also estimated to drive the growth of the global industrial fryers market. For instance, the

In many developing countries, farmlands are rapidly being acquired for industrial or business purposes, which in turn is indirectly suppressing the overall output of the agriculture sector, subsequently hindering the growth of the industrial fryers market.

Players engaged in the manufacturing of chips and crisps are expanding their manufacturing capacities in developing as well as develop countries in order to cater to the growing demand and bridge the gap between the supply and consumption of oil fried products. For instance, McCain Foods has expanded its potato processing plant in Idaho, U.S., to ramp up its business and make a surplus quantity of oil fried or dry fried products.

Industrial Fryers Market: Segmentation

By product type, the global industrial fryers market has been segmented as:

Electric Industrial Fryers
Gas Industrial Fryers

By capacity, the global industrial fryers market has been segmented as:

Low Capacity (< 100 Kg)
Medium Capacity(100 Kg to 500 Kg)
High Capacity (500 Kg to 1000 Kg)
Industrial Fryers Market: Regional Outlook

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North America and Europe are projected to hold significant value shares in the global industrial fryers market, due to the rising consumption of chips in these regions. In North America, the U.S. accounts for ~86% of the consumption of potato chips and thus, the country registers prominent demand for industrial fryers. After North America, Europe is projected to account for a significant share in the global industrial fryers market. In the region, France is estimated to account for a substantial share, which can be attributed to the fact that the country accounts for 85.5% of Europe’s overall potato chip consumption.

China and Latin America are projected to grow at significant rates in the global industrial fryers market, owing to growing population and increasing consumer spending on oil fried chips and crisps and meat products in the region.

Industrial Fryers Market: Market Participants

Some of the market participants identified across the value chain of the industrial fryers market include:

L.Lennard Pty Ltd.
HANROW Ltd.
GEA EasyFry
Techmate Industries
FER Inc.
Nothum Food Processing Systems
Star Manufacturing
RVF Catering Ltd.
Heat and Control, Inc.
JBT Corporation

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Future Market Insights upcoming report on global Edge Banders market uncovers hidden opportunities and potential threats. The report gives an incisive coverage on the Edge Banders market through a detailed segmentation on its key growth drivers, opportunities, restraints and challenges expected to prevail the market in the upcoming years. According to FMI, the industrial automation industry is expected to have a positive outlook through 2022 and beyond.

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Increasing usage of machines and demand for high quality products in various industries coupled with installation of smart devices in the machinery are some of the factors propelling the growth of Edge Banders market in industrial automation industry. Industries are implementing the automation to increase the productivity and reduce labor costs. FMI provides detailed insights about the industry for the market players to craft their long-term strategies to maintain the competitive edge in the industry.

According to the FMI’s report, the Edge Banders market is projected to record a CAGR of 4% over the forecast period. To receive the detailed insights about the Edge Banders market, our experts relies on the primary and secondary research, and various wide range of data set gathered from organic and inorganic sources to provide estimates for the upcoming decade.

Understanding the Impact of Covid-19 on Industrial Automation Industry

The COVID-19 outbreak has been posing staggering challenges for the industry. Like other industries, the industrial automation industry has been particularly affected due to the lack of equipment and availability of the products. Furthermore, dearth of labor, factory closures, and supply restrictions induced by the pandemic crisis resulted in slight setback in 2022.

Lack of human assistance and key player’s hesitation in investing for high-end machineries during the pandemic has negatively impacted the industrial automation industry in 2022. However, with relaxation in lockdown, the Edge Banders market has picked up the pace.

The FMI’s recent report talks about the market scenario in the chapter on the Covid-19 impact analysis to aid the market players for the upcoming years. The report gives a detailed market analysis surrounding the market condition and its impact on the Edge Banders market.

Key Questions Answered in the Report

1. What are the key trends and challenges that will affect global Edge Banders market in upcoming years?
2. What are the factors that will influence the Edge Banders market demand?
3. Which region will be the most lucrative for Edge Banders market throughout the forecast period?
4. How will evolving regulatory policies impact the market growth?
5. What is the impact of Covid-19 on the Edge Banders market?

Edge Banders Market: Segmentation

By Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East and Africa

Detailed analysis on the geographical region and country wise insights are offered in the latest Edge Banders market report with established market players as well as incumbents in the region.

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By Segment :

By Product Type:

• Single-side
• Double-side

By Application:

• Cabinet Making
• Doors
• Windows
• Shelves
• Tables
• Consoles
• Dressers
• Chairs
• Stools
• Others

By Operation:

• Automatic
• Manual

By End-use:

• Commercial
  Residential
• Industrial
• Government
• Others

Comprehensive analysis of the regional markets offers exclusive insights on the market performance across geographies along with relevant graphs, figures, and list of tables.

Competitive Analysis

By Prominent Market Players

• HOMAG
• SCM Group
• Vector Systems
• Michael Weinig
• Shree Umiya
• F-Tech Machines
• HOLZ-HER GmbH
• Nihar Industries
• Virutex
• HOFFMANN
• JAI Industries
• Altendorf GmbH
• CO-MATIC Machinery
• BI-MATIC
• Felder Group
• Nanxing
• Golden Hill Woodworking Machinery

With a detailed segmentation on segments and sub-segments, the FMI’s study offers the strengths, weaknesses, growth prospects and opportunities of each player. The report also includes important market study including the historical revenue prospects, pricing strategy, and marketing strategy adopted by these players in the Edge Banders market.

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Why Future Market Insights?

• Comprehensive analysis on evolving purchase pattern across different geographies
• Detailed insights of market segments and sub-segments for historical as well as forecast period
• A competitive analysis of prominent players and emerging players in the Edge Banders market
• Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years
• Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario.

About Us

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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According to a recent industry analysis by Future Market Insights, the construction chemicals market is expected to be worth US$ 54.85 billion in 2022. (FMI). Over the projection period, demand is expected to increase at a CAGR of 6.7%.

Major players in the construction chemical industry are focusing on environmentally friendly and sustainable products for cool roof treatments, thermal insulation, overall building protection, polycarboxylate ether-based green admixtures, and underground structure protection.

Demand for construction chemicals is boosted by rising living standards and per capita disposable income. There is probably more residential and non-residential construction to accommodate the growing demand brought on by urbanization. However, government regulations forbid the excessive use of construction chemicals, as VOC emissions prevent the construction chemicals market for these materials from growing.

In order to emphasize multifunctional properties and significantly support unique materials with a variety of uses, the building chemicals industry is generating a wide range of solutions, such as small changes of conventional materials and the development of new material assemblages.

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Applications of construction chemicals are essential for maintenance tasks. The importance of maintaining, repairing, and enhancing existing structures, particularly for residential and infrastructural developments, is what drives demand for construction chemicals.

Numerous government initiatives to promote infrastructure development, together with the rising residential sector, have significantly supported the market expansion in the area over the predicted period.

Key Takeaways 

• The construction chemicals market is likely to have a CAGR of 7% during the forecast period.
• According to the application, the resident segment holds the largest share during the forecast period for the construction chemicals
• North America holds a significant share in the global construction chemicals
• Based on type, concrete admixture accounted for the 36% construction chemicals market share in 2021.
• During the forecast period, Asia Pacific is expected to dominate the construction chemicals market.
• The value of the construction chemicals market is expected to be US$ 104.92 billion by 2032.

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Competitive Landscape:

To meet changing consumer demand, manufacturers of construction chemicals prioritize increasing production capacity. Construction chemical market trends are predicted to be influenced by portfolio expansion and divestment plans over the anticipated time period.

To boost their market share in the construction chemicals industry, the leading companies in this space mostly employ acquisition and growth strategies.

The DOW Chemical Co., RPM International Inc, Ashland Inc., MAPEI, Akzo Nobel NV, Arkema SA, Fosroc, Pidilite Industries, Covestro AG, Henkel AG & Co. KGaA, HB Fuller Company, Lanxess AG, The 3M Company, Wacker Chemie AG, Huntsman Corporation, Momentive Performance Materials, Guangzhou Jointas Chemical Co. Ltd are some major key players in the construction chemicals market.

Construction Chemicals Market Key segments

By Product Type:

• Waterproofing Chemicals
• Protective Coating
• Concrete Admixture
• Adhesives & Sealants
• Asphalt Additives

By Application:

• Residential
• Commercial & Industrial
• Infrastructure

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Recent Developments

• In July 2021, Saint-Gobain and Chryso, a major player in the worldwide construction chemicals market, entered into a purchase agreement. The purchase of Chryso matches Saint-strategic Gobain’s ambition of being the global leader in sustainable construction. With combined sales of more than €3 billion across 66 countries, it further increased the Group’s footprint in the developing construction chemicals sector.
• With the debut of a distinct green product line in the category, JSW Cement, India’s top green cement business, entered the construction chemical market in June 2021. JSW Cement now has new chances to connect innovation in concrete mix products with ethical construction thanks to the Construction Chemical category. The business of the corporation grew as a result of this development.

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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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A new market research study by Future Market Insights (FMI) on the global geosynthetics market contains global industry analysis for 2014–2021 and opportunity assessment for 2022–2029. The report investigates the geosynthetics market and provides critical insights for the forecast period of 2022-2029. The global geosynthetics market recorded the revenues worth US$ 13.67 Bn in 2022 and is estimated to grow at a CAGR of 10.1% in the projected period of 2022 – 2029.

As per the findings of the report, the global industrial geosynthetics market is anticipated to experience substantial growth over the forecast period owing to growth in civil construction activities led by several developing economies in the past few years. The report opines that the market growth is significantly driven by increasing investments in public infrastructure development and modernization of existing facilities across the globe.

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APEJ’s Market Attractiveness Intact, Says FMI’s Report

Geosynthetic materials are witnessing increased usage in solid waste management for landfill applications. These materials are used for separating and confining bulk waste. Countries such as China and India, are emphasizing on effective waste treatment practices, which is likely to lead to an increase in demand for geosynthetics in the near future. 

Moreover, owing to the high transport infrastructural development activities in the region, geosynthetic products are estimated to witness significant deployment in road construction. The road construction application segment is estimated to remain dominant in terms of geosynthetic material demand.

Key Companies Profiled

• AGRU Kunststofftechnik GmbH
• Low & Bonar PLC
• Tensar Corporation
• Raven Industries, Inc.
• Thrace Group
• GSE Environmental Inc.
• Officine Maccaferri S.p.A.
• Koninklijke Ten Cate B.V.
• HUESKER Synthetic GmbH
• Solmax International Inc.
• Geofabrics Australasia Pty. Ltd.
• Garware-Wall Ropes Ltd.
• Cooley Group
• NAUE GmbH & Co. KG
• Advanced Drainage Systems, Inc.
• Propex Operating Company, LLC,
• Taian Modern Plastic Co

Product Portfolio Enhancements & Technological Innovations

Several players are emphasizing on improving their product portfolios by introducing new products with better quality and gauge variations. Manufacturers are primarily targeting high development areas and producing application-specific products in order to gain higher market shares.

In February 2017, TenCate Geosynthetics launched a new series of geomats- Mirafi® TM13C and TM14S, to solve erosion problems on steep slopes and in channels. These materials retain bare soil and stabilize and nurture vegetation while resisting the challenges of precipitation and high-flow rates on soils.

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Geosynthetics Market by Category

Product Type:

• Geotextile
• Geomembrane
• Geogrid
• Geonet
• Geocomposite
• Geosynthetic clay liner
• Others

Material Type :

• Polyethylene (HDPE/LLDPE)
• Polypropylene (PP)
• Polyester
• Natural fibers
• Others

Primary Application:

• Separation
• Drainage & filtration
• Reinforcement
• Containment

End-use :

• Roads (paved & unpaved)
• Railways
• Retaining walls
• Waterworks and waste treatments
• Landfill & erosion control
• Others

Use of Different Materials to Enhance Strength and Durability

Involvement of a large number of local and global players in the geosynthetic market has compelled manufacturers to offer innovative products, in order to generate significant demand. Many companies are dedicating a huge amount of money for the research and development of new products and to increase the properties of existing ones.

Companies are continuously experimenting with geosynthetics in order to provide products with enhanced mechanical properties and high reliability. As polypropylene is extensively used for the manufacturing of geotextiles, it is a relatively large segment among all types, and is expected to witness significant growth during the forecast period.

Other geosynthetic products such as geocell, geofoam, geo-pipes, etc., have limited and specific uses. However, the segment has witnessed significant demand during the last five years.

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Use of metallocene polypropylenes: In 2015, a reputed conglomerate launched a metallocene PP-based non-woven geotextile. This geotextile is premium in terms of mechanical properties and performance. The use of metallocene PP offers relatively lightweight geotextiles and increased production.

Competitive analysis of the global geosynthetics market reveals that among the several active participants in the competitive landscape of geosynthetics market, the tier 1 players tend to hold a relatively lower share, which has been attributed to high competition from a large number of local players operating at low profit margins and have better accessibility within regional markets. Some of the leading companies are also observed to be operating through their sales offices, or collaborating with regional manufacturers.

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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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According to this report, the global corrosion protection polymer coating market will be valued at more than US$ 19.5 Bn by the end of 2022. Despite the slew of factors devaluing the production of these industrially-essential materials.

The demand for corrosion protection polymer coatings will incur steady growth, primarily due to its rising end-use in the oil & gas industry. Corrosion of metals and metallic surfaces remains to be a perpetual problem for industries across the globe.

Manufacturing and transportation of products in almost every industrial vertical has changed rapidly, registering a higher presence of chemicals factoring such corrosions. Companies continue to adopt innovative and effective corrosion control methods, wherein polymer coatings are an integral offering.

High resistance against chemical corrosion and abrasion continues to propel the demand for such corrosion protection polymer coatings, while their manufacturing, which involves hazardous materials & volatile emissions, creates grave concern for the environment.

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In the view of stringent regulations imposed by environmental protection agencies on manufacturing of such toxic products, the demand for corrosion protection polymer coating is less likely to witness high upturns in the future. A latest market study published by Future Market Insights anticipates that the global market for corrosion protection polymer coatings will soar at a steady CAGR of 5.1% during the forecast period, 2017-2022.

Additional insights from the report:

• In 2017, corrosion protection polymer coatings made of vinyl esters and flake-filled vinyl esters will contribute to less than 4% share on global revenues, albeit, their demand over the forecast period will grow vigorously
• Through 2022, the demand for epoxies is slated to decline, registering a sluggish revenue growth at a CAGR of 4.2%
• Between 2017 and 2022, powder-based corrosion protection polymer coatings are likely to create an incremental opportunity of a little over US$ 650 Mn
• During the forecast period, the global demand for corrosion protection polymer coating in waterborne form will rise at a robust pace
• Asia-Pacific excluding Japan (APEJ) region will be the largest market for corrosion protection polymer coating, and will be valued at US$ 7.1 Bn by 2022-end
• Throughout the forecast period, Europe’s corrosion protection polymer coating market is assessed to record a sluggish growth

Companies to Watch

The report also anticipates that companies, namely BASF Coating GmbH, Polycorp Limited, STEULER – KCH GmbH, Koch Knight LLC, Akzo Nobel NV, Axalta Coating Systems, Jotun A/S, Ashland Global Holdings, Inc., PPG Industries, Inc., and The Sherwin Williams Company will remain active in the global market for corrosion protection polymer coatings through 2022.

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Market Taxonomy

A concise taxonomy of the global corrosion protection polymer coating market has been summarized below:

Product Type

• Epoxy
• Polyurethane
• Alkyd
• Acrylic
• Fluoropolymer
• Vinyl Ester & Flake-filled Vinyl Ester

End Use

• Marine
• Oil and Gas
• Power Generation
• Construction
• Automotive
• Transportation
• Chemicals
• Mining & Metallurgy
• Others

Form Type

• Solvent-borne
• Waterborne
• Powder-based

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Corrosion Protection Polymer Coating Market: Upsurge in Oil & Gas End-use

The global oil & gas sector continues to attain stability in the times of highly-fluctuating oil prices. With respect to the changing landscape of this industry, companies are focusing towards prevention of industrial failures due to undue chemical corrosion.

From oilfield pipelines to refiners, all key industrial surfaces in the oil & gas sector are likely to be coated with corrosion protective polymers. In the future as well, the demand for corrosion protection polymer coatings in oil & gas sector is anticipated to increase.

While their contribution to the global market value of corrosion protection polymer coatings will be moderate, oil & gas companies will be observed as fast-grossing end-user during the forecast period. Towards the end of 2022, corrosion protection polymer coatings worth nearly US$ 3 Bn are anticipated to be used by oil & gas companies around the world.

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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