Home / Chemicals / Corrosion Protective Coatings (CPC) Market by Materials (Alkyd, Acrylic, Epoxy, Polyurethane and Zinc), End-Users (Construction, Marine, Automotive, Oil & Gas, Industrial and Others) And Technology (Water-borne, Solvent-borne and Powder Based) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 - 2023

Corrosion Protective Coatings (CPC) Market by Materials (Alkyd, Acrylic, Epoxy, Polyurethane and Zinc), End-Users (Construction, Marine, Automotive, Oil & Gas, Industrial and Others) And Technology (Water-borne, Solvent-borne and Powder Based) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 - 2023

Published: Oct 2016 | Report Code: 58137-10-16

Corrosion is the deterioration of metal which is caused by the reaction of the metal and environment. Corrosion can be dangerous for household as well as industrial environments. Dangerous of all corrosion is that at industrial place where corrosion takes place in electrical power plants or chemical processing plants. Plants shutdowns can occur due to corrosion. Hence, corrosion needs to be taken care of on timely basis. To prevent corrosion, protective coatings are widely used in the end-user industries. Corrosion protective coatings are used which help prevent corrosion, thereby preventing damages and accidents. Corrosion protective coatings prevent corrosion of metals by placing a thin film of coatings which avoids exposure to moisture or industrial chemicals present in the atmosphere.

Growing construction activities in the emerging economies has boosted demand for corrosion protective coatings in the global market. High demand for waterborne coatings to improve the performance of steel structure and materials used in the commercial and residential structures is one of the factors driving growth of global corrosion protective coatings in the construction industry. Hence, construction industry is expected to boost high demand for corrosion protective coatings in the global market. In addition, the rising demand for ships and growing shipbuilding industry has also led to high demand for corrosion protective coatings. Therefore, marine industry is also expected to contribute to the growth of global corrosion protective coatings market.

Corrosion protective coatings market is expected to reach US$ 27.9 Bn by 2023, growing at a CAGR of 7.1% during the forecast period 2016-2023.

Corrosion Protective Coatings (CPC) Market


Purpose of the Report

The purpose of this strategic research study titled “Global Corrosion Protective Coatings Market - Growth, Future Prospects & Competitive Analysis, 2016 – 2023” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global corrosion protective coatings market.

Target Audience

  • Industry Investors
  • Research Professionals
  • Emerging Companies
  • Raw Material Suppliers/ Buyers
  • Product Suppliers/ Buyers
  • Research Institutes

USP and Key Offerings

The report titled “Global Corrosion Protective Coatings Market - Growth, Future Prospects & Competitive Analysis, 2016 – 2023” offers strategic insights into the global corrosion protective coatings market along with the market size and estimates for the duration 2016 to 2023. The said research study covers in-depth analysis of multiple market segments based on materials, end-use, technology and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading corrosion protective coatings management vendors, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:

  • Current and future market trends to justify the forthcoming attractive markets within corrosion protective coatings industry
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 2-Year market size data (2013 – 2014)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global corrosion protective coatings market, of growth, offering market size and estimates for the period from 2016 to 2023, keeping in mind the above mentioned factors.

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Empirical Phase
1.4.2 Phase II – Analytical Phase
1.4.3 Phase III – Dissemination Phase
1.4.4 Approach Adopted

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Corrosion Protective Coatings Market
2.2 Global Corrosion Protective Coatings Market, By Materials
2.3 Global Corrosion Protective Coatings Market, By End-User
2.4 Global Corrosion Protective Coatings Market, By Technology
2.5 Global Corrosion Protective Coatings Market, By Geography

Chapter 3 Market Dynamics
3.1 Introduction
3.2 Market Drivers
3.3 Market Challenges
3.4 Market Opportunities
3.5 Attractive Investment Proposition
3.6 Market Positinoning of Key Companies

Chapter 4 Global Corrosion Protective Coatings Market Analysis, By Materials
4.1 Overview
4.1.1 Global Corrosion Protective Coatings Market by Materials, 2015 – 2022, (Kilo Tons)(US$ Mn)
4.2 Alkyd
4.2.1 Global Alkyd Coatings Market, 2015 – 2022, (Kilo Tons)(US$ Mn)
4.3 Acrylic
4.3.1 Global Acrylic Coatings Market, 2015 – 2022, (Kilo Tons)(US$ Mn)
4.4 Epoxy
4.4.1 Global Epoy Coatings Market, 2015 – 2022, (Kilo Tons)(US$ Mn)
4.5 Polyurethane
4.5.1 Global Polyurethane Coatings Market, 2015 – 2022, (Kilo Tons)(US$ Mn)
4.6 Zinc
4.6.1 Global Zinc Coatings Market, 2015 – 2022, (Kilo Tons)(US$ Mn)

Chapter 5 Global Corrosion Protective Coatings Market Analysis, By End-Use
5.1 Overview
5.1.1 Construction
5.1.1.1 Global Corrosion Protective Coatings Market for Construction, 2015 – 2022, (Kilo Tons)(US$ Mn)
5.1.2 Marine
5.1.2.1 Global Corrosion Protective Coatings Market for Marine, 2015 – 2022, (Kilo Tons)(US$ Mn)
5.1.3 Automotive
5.1.3.1 Global Corrosion Protective Coatings Market for Automotive, 2015 – 2022, (Kilo Tons)(US$ Mn)
5.1.4 Oil & Gas
5.1.4.1 Global Corrosion Protective Coatings Market for Oil & Gas, 2015 – 2022, (Kilo Tons)(US$ Mn)
5.1.5 Industrial
5.1.5.1 Global Corrosion Protective Coatings Market for Industrial, 2015 – 2022, (Kilo Tons)(US$ Mn)
5.1.6 Others
5.1.6.1 Global Corrosion Protective Coatings Market for Others, 2015 – 2022, (Kilo Tons)(US$ Mn)

Chapter 6 Global Corrosion Protective Coatings Market Analysis, By Technology
6.1 Overview
6.1.1 Water-Borne
6.1.1.1 Global Water-Borne Corrosion Protective Coatings Market , 2015 – 2022, (Kilo Tons)(US$ Mn)
6.1.2 Solvent-Borne
6.1.2.1 Global Solvent-Borne Corrosion Protective Coatings Market, 2015 – 2022, (Kilo Tons)(US$ Mn)
6.1.3 Powder-Based
6.1.3.1 Global Powder-Based Corrosion Protective Coatings Market, 2015 – 2022, (Kilo Tons)(US$ Mn)

Chapter 7 RC View
7.1 North America Corrosion Protective Coatings Market Analysis
7.1.1 Overview
7.1.2 North America Corrosion Protective Coatings Market Volume, by Materials, 2015 – 2022, (Kilo Tons)
7.1.3 North America Corrosion Protective Coatings Market Revenue, by Materials, 2015 – 2022, (US$ Mn)
7.1.4 North America Corrosion Protective Coatings Market Volume, by End-Use, 2015 – 2022, (Kilo Tons)
7.1.5 North America Corrosion Protective Coatings Market Revenue, by End-Use, 2015 – 2022, (US$ Mn)
7.1.6 North America Corrosion Protective Coatings Market Volume, by Technology, 2015 – 2022, (Kilo Tons)
7.1.7 North America Corrosion Protective Coatings Market Revenue, by Technology, 2015 – 2022, (US$ Mn)
7.1.7.1 U.S. Corrosion Protective Coatings Market Volume, 2015 – 2022, (Kilo Ton)
7.1.7.2 U.S. Corrosion Protective Coatings Market Revenue, 2015 – 2022, (US$ Mn)
7.1.7.3 Canada Corrosion Protective Coatings Market Volume, 2015 – 2022, (Kilo Ton)
7.1.7.4 Canada Corrosion Protective Coatings Market Revenue, 2015 – 2022, (US$ Mn)

7.2 Europe Corrosion Protective Coatings Market Analysis
7.2.1 Overview
7.2.2 Europe Corrosion Protective Coatings Market Volume, By Materials, 2015 – 2022, (Kilo Tons)
7.2.3 Europe Corrosion Protective Coatings Market Revenue, By Materials, 2015 – 2022, (US$ Mn)
7.2.4 Europe Corrosion Protective Coatings Market Volume, By End-Use, 2015 – 2022, (Kilo Tons)
7.2.5 Europe Corrosion Protective Coatings Market Volume, By End-Use, 2015 – 2022, (US$ Mn)
7.2.6 Europe Corrosion Protective Coatings Market Volume, By Technology, 2015 – 2022, (Kilo Tons)
7.2.7 Europe Corrosion Protective Coatings Market Volume, By Tecnology, 2015 – 2022, (US$ Mn)
7.2.7.1 France Corrosion Protective Coatings Market Volume, 2015 – 2022, (Kilo Tons)
7.2.7.2 France Corrosion Protective Coatings Market Revenue, 2015 – 2022, (US$ Mn)
7.2.7.3 Germany Corrosion Protective Coatings Market Volume, 2015 – 2022, (Kilo Tons)
7.2.7.4 Germany Corrosion Protective Coatings Market Revenue, 2015 – 2022, (US$ Mn)
7.2.7.5 UK Corrosion Protective Coatings Market Volume, 2015 – 2022, (Kilo Tons)
7.2.7.6 UK Corrosion Protective Coatings Market Revenue, 2015 – 2022, (US$ Mn)
7.2.7.7 Rest of Europe Corrosion Protective Coatings Market Volume, 2015 – 2022, (Kilo Tons)
7.2.7.8 Rest of Europe Corrosion Protective Coatings Market Revenue, 2015 – 2022, (US$ Mn)

7.3 Asia Pacific Corrosion Protective Coatings Market Analysis
7.3 Overview
7.3.1 Asia Pacific Corrosion Protective Coatings Market Volume, By Materials, 2015 – 2022, (Kilo Tons)
7.3.2 Asia Pacific Corrosion Protective Coatings Market Revenue, By Materials, 2015 – 2022, (US$ Mn)
7.3.3 Asia Pacific Corrosion Protective Coatings Market Volume, By End-Use, 2015 – 2022, (Kilo Tons)
7.3.4 Asia Pacific Corrosion Protective Coatings Market Revenue, By End-Use, 2015 – 2022, (US$ Mn)
7.3.5 Asia Pacific Corrosion Protective Coatings Market Volume, By Technology, 2015 – 2022, (Kilo Tons)
7.3.6 Asia Pacific Corrosion Protective Coatings Market Revenue, By Technology, 2015 – 2022, (US$ Mn)
7.3.6.1 China Corrosion Protective Coatings Market Volume, 2015 – 2022, (Kilo Tons)
7.3.6.2 China Corrosion Protective Coatings Market Revenue, 2015 – 2022, (US$ Mn)
7.3.6.3 India Corrosion Protective Coatings Market Volume, 2015 – 2022, (Kilo Tons)
7.3.6.4 India Corrosion Protective Coatings Market Revenue, 2015 – 2022, (US$ Mn)
7.3.6.5 Japan Corrosion Protective Coatings Market Volume, 2015 – 2022, (Kilo Tons)
7.3.6.6 Japan Corrosion Protective Coatings Market Revenue, 2015 – 2022, (US$ Mn)
7.3.6.7 Rest of Asia Pacific Corrosion Protective Coatings Market Volume, 2015 – 2022, (Kilo Tons)
7.3.6.8 Rest of Asia Pacific Corrosion Protective Coatings Market Revenue, 2015 – 2022, (US$ Mn)

7.4 Middle East and Africa (MEA) Corrosion Protective Coatings Market Analysis
7.4.1 Overview
7.4.2 Middle East and Africa Corrosion Protective Coatings Market Volume, By Materials, 2015 – 2022, (Kilo Tons)
7.4.3 Middle East and Africa Corrosion Protective Coatings Market Revenue, By Materials, 2015 – 2022, (US$ Mn)
7.4.4 Middle East and Africa Corrosion Protective Coatings Market Volume, By End-Use, 2015 – 2022, (Kilo Tons)
7.4.5 Middle East and Africa Corrosion Protective Coatings Market Revenue, By End-Use, 2015 – 2022, (US$ Mn)
7.4.6 Middle East and Africa Corrosion Protective Coatings Market Volume, By Technology, 2015 – 2022, (Kilo Tons)
7.4.7 Middle East and Africa Corrosion Protective Coatings Market Revenue, By Technology, 2015 – 2022, (US$ Mn)

7.5 Latin America Corrosion Protective Coatings Market Analysis
7.5.1 Overview
7.5.2 Latin America Corrosion Protective Coatings Market Volume, 2015 – 2022, (Kilo Tons)
7.5.3 Latin America Corrosion Protective Coatings Market Revenue, 2015 – 2022, (US$ Mn)
7.5.4 Latin America Corrosion Protective Coatings Market Volume, By Materials, 2015 – 2022, (Kilo Tons)
7.5.5 Latin America Corrosion Protective Coatings Market Revenue, By Materials, 2015 – 2022, (US$ Mn)
7.5.6 Middle East and Africa Corrosion Protective Coatings Market Volume, By End-Use, 2015 – 2022, (Kilo Tons)
7.5.7 Middle East and Africa Corrosion Protective Coatings Market Revenue, By End-Use, 2015 – 2022, (US$ Mn)
7.5.8 Middle East and Africa Corrosion Protective Coatings Market Volume, By Technology, 2015 – 2022, (Kilo Tons)
7.5.9 Middle East and Africa Corrosion Protective Coatings Market Revenue, By Technology, 2015 – 2022, (US$ Mn)

Chapter 8 Company Profiles

8.1 Ashland Inc.
8.2 Axalta Coatings Inc.
8.3 BASF Coatings GmbH
8.4 Hempel A/S
8.5 International Paint Limited
8.6 Jotun A/S
8.7 Koch Knight LLC
8.8 PPG Industries Inc.
8.9 Steuler-KCH GmbH
8.10 The Sherwin-Williams Company
8.11 TIP TOP Oberflächenschutz Elbe GmbH

List of Figures

FIG. 1 Global Corrosion Protective Coatings: Market Segmentation 17
FIG. 2 Global Corrosion Protective Coatings Market: Research Methodology 18
FIG. 3 Global Corrosion Protective Coatings Market, By Materials 2015, (Kilo Tons) (US$ Mn) 21
FIG. 4 Global Corrosion Protective Coatings Market, By End-Use 2015, (Kilo Tons) (US$ Mn) 22
FIG. 5 Global Corrosion Protective Coatings Market, By Technology, 2015 (Kilo Tons) (US$ Mn) 23
FIG. 6 Global Corrosion Protective Coatings Market, By Geography, 2015 (Kilo Tons) (US$ Mn) 24
FIG. 7 Global Corrosion Protective Coatings Market Revenue, 2013 – 2023 (Kilo Tons) (US$ Mn) 24
FIG. 8 Attractive Investment Proposition 30
FIG. 9 Market Positioning of Key Corrosion Protective CoatingsCompanies , 2014 31
FIG. 10 Global Corrosion Protective Coatings Market Revenue, By Materials, 2016 & 2022 (Kilo Tons) (US$ Mn) 32
FIG. 11 Global Corrosion Protective Coatings Market Volume and Revenue for Alkyd, 2013 – 2023, (Kilo Tons) (US$ Mn) 33
FIG. 12 Global Corrosion Protective Coatings Market Volume and Revenue for Acrylic, 2013 – 2023, (Kilo Tons) ( (US$ Mn) 34
FIG. 13 Global Corrosion Protective Coatings Market Volume and Revenue for Epoxy, 2013 – 2023, (Kilo Tons) ( (US$ Mn) 34
FIG. 14 Global Corrosion Protective Coatings Market Volume and Revenue for Polyurethane, 2013 – 2023, (Kilo Tons) (US$ Mn) 35
FIG. 15 Global Corrosion Protective Coatings Market Volume and Revenue for Zinc, 2013 – 2023, (Kilo Tons) (US$ Mn) 35
FIG. 16 Global Corrosion Protective Coatings Market Revenue, By End-User, 2014 & 2022 (US$ Mn) 36
FIG. 17 Global Corrosion Protective Coatings Market Volume and Revenue for Construction, 2013 – 2023, (Kilo Tons) (US$ Mn) 37
FIG. 18 Global Corrosion Protective Coatings Market Volume and Revenue for Marine, 2013 – 2023, (Kilo Tons) ( (US$ Mn) 38
FIG. 19 Global Corrosion Protective Coatings Market Volume and Revenue for Automotive 2013 – 2023, (Kilo Tons) (US$ Mn) 39
FIG. 20 Global Corrosion Protective Coatings Market Volume and Revenue for Oil & Gas 2013 – 2023, (Kilo Tons) (US$ Mn) 40
FIG. 21 Global Corrosion Protective Coatings Market Volume and Revenue for Industrial 2013 – 2023, (Kilo Tons) (US$ Mn) 40
FIG. 22 Global Corrosion Protective Coatings Market Volume and Revenue for Others 2013 – 2023, (Kilo Tons) (US$ Mn) 40
FIG. 23 North America Corrosion Protective Coatings Market Volume and Revenue, 2013 – 2023, (Kilo Tons) (US$ Mn) 42
FIG. 24 Comparative Analysis of North America Corrosion Protective Coatings Market Revenue, By Country, 2013 – 2023, (US$ Bn) 45
FIG. 25 Europe Corrosion Protective Coatings Market Volume and Revenue, 2013 – 2023, (Kilo Tons) (US$ Mn) 46
FIG. 26 Comparative Analysis of Europe Corrosion Protective Coatings Market Revenue, By Region, 2013 – 2023, (US$ Mn) 49
FIG. 27 Asia Pacific Corrosion Protective Coatings Market Volume and Revenue, 2013 – 2023, (Kilo Tons) (US$ Mn) 50
FIG. 28 Comparative Analysis of Asia Pacific Corrosion Protective Coatings Market Revenue, By Region, 2013 – 2023, (US$ Mn) 53
FIG. 29 Middle East & Africa Corrosion Protective Coatings Market Volume and Revenue, 2013 – 2023, (Kilo Tons) (US$ Mn) 54
FIG. 30 Comparative Analysis of Middle East & Africa Corrosion Protective Coatings Market Revenue, By Country, 2013 – 2023, (US$ Mn) 56
FIG. 31 Latin America Corrosion Protective Coatings Market Volume and Revenue, 2013 – 2023, (Kilo Tons) (US$ Mn) 58
FIG. 32 Comparative Analysis of Latin America Corrosion Protective Coatings Market Revenue, By Country, 2013 – 2023, (US$ Mn) 60

List of Tables

TABLE 1 Market Snapshot: Global Corrosion Protective Coatings Market 20
TABLE 2 Impact Indicators 29
TABLE 3 Impact Analysis of Drivers and Restraints 29
TABLE 4 North America Corrosion Protective Coatings Market Volume & Revenue, By Materials, 2013 – 2023 (Kilo Tons) (US$ Mn) 43
TABLE 5 North America Corrosion Protective Coatings Market Revenue, By End-Uses, 2013 – 2023 (Kilo Tons) (US$ Mn) 44
TABLE 6 North America Corrosion Protective Coatings Market Revenue, By Technology, 2013 – 2023 (Kilo Tons) (US$ Mn) 44
TABLE 7 Europe Corrosion Protective Coatings Market, By Materials, 2013 – 2023 (Kilo Tons) (US$ Mn) 47
TABLE 8 Europe Corrosion Protective Coatings Market, By End-Uses, 2013 – 2023 (Kilo Tons) (US$ Mn) 48
TABLE 9 Europe Corrosion Protective Coatings Market, By Technology, 2013 – 2023 (Kilo Tons) (US$ Mn) 48
TABLE 10 Asia Pacific Corrosion Protective Coatings Market, By Materials, 2013 – 2023 (Kilo Tons) (US$ Mn) 51
TABLE 11 Asia Pacific Corrosion Protective Coatings Market, By End-Uses, 2013 – 2023 (Kilo Tons) (US$ Mn) 52
TABLE 12 Asia Pacific Corrosion Protective Coatings Market, By Technology, 2013 – 2023 (Kilo Tons) (US$ Mn) 52
TABLE 13 Middle East & Africa Corrosion Protective Coatings Market, By Materials, 2013 – 2023 (Kilo Tons) (US$ Mn) 55
TABLE 14 Middle East & Africa Corrosion Protective Coatings Market, By End-Uses, 2013 – 2023 (Kilo Tons) (US$ Mn) 56
TABLE 15 Middle East & Africa Corrosion Protective Coatings Market, By Technology, 2013 – 2023 (Kilo Tons) (US$ Mn) 56
TABLE 16 Latin America Corrosion Protective Coatings Market, By Materials, 2013 – 2023 (Kilo Tons) (US$ Mn) 59
TABLE 17 Latin America Corrosion Protective Coatings Market, By End-Uses, 2013 – 2023 (Kilo Tons) (US$ Mn) 60
TABLE 18 Latin America Corrosion Protective Coatings Market, By Technology, 2013 – 2023 (Kilo Tons) (US$ Mn) 60
TABLE 19 Ashland Inc.. : Company Snapshot (Company Details, Geographical Presence, Application Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 62
TABLE 20 Axalta Coatings Inc. : Company Snapshot (Company Details, Geographical Presence, Application Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 64
TABLE 21 BASF Coatings GmbH : Company Snapshot (Company Details, Geographical Presence, Application Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 66
TABLE 22 Hempel A/S : Company Snapshot (Company Details, Geographical Presence, Application Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 68
TABLE 23 International Paint Limited : Company Snapshot (Company Details, Geographical Presence, Application Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 70
TABLE 24 Jotun A/S : Company Snapshot (Company Details, Geographical Presence, Application Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 72
TABLE 25 Koch Knight LLC: Company Snapshot (Company Details, Geographical Presence, Application Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 74
TABLE 26 PPG Industries Inc. : Company Snapshot (Company Details, Geographical Presence, Application Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 76
TABLE 27 Steuler-KCH GmbH : Company Snapshot (Company Details, Geographical Presence, Application Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 78
TABLE 28 The Sherwin-Williams Company: Company Snapshot (Company Details, Geographical Presence, Application Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 80
TABLE 29 TIP TOP Oberflächenschutz Elbe GmbH : Company Snapshot (Company Details, Geographical Presence, Application Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 82

On the basis of applications, the corrosion protective coatings market is categorized into following end-uses:

  • Construction
  • Marine
  • Automotive
  • Oil & Gas
  • Industrial
  • Others

Corrosion Protective Coatings (CPC) Market


Construction accounted for major share of global corrosion protective coatings market in 2015 and is expected to retain its position in the near future. Growing construction activities in the emerging economies has boosted demand for corrosion protective coatings in the global market. High demand for waterborne coatings to improve the performance of steel structure and materials used in the commercial and residential structures is one of the factors driving growth of global corrosion protective coatings in the construction industry. Hence, construction industry is expected to boost high demand for corrosion protective coatings in the global market. Marine industry accounted as the second largest market for corrosion protective coatings market in 2015. It is expected to gain market share in the near future due to growing tourism industry worldwide. The rising demand for ships and growing shipbuilding industry has led to high demand for corrosion protective coatings. Therefore, marine industry is also expected to contribute to the growth of global corrosion protective coatings market. Automotive followed marine in terms of demand for corrosion protective coatings. The large tankers which carry oil and gas need to be corrosion resistant to prevent any chemical reaction to take place. Hence, the tankers are coated with corrosion protective coatings to avoid hazards. Oil and gas, Industrial and other applications are also expected to boost growth of global corrosion protective coatings market in the near future.

 

 

On the basis of technology, the corrosion protective coatings market is categorized into following segments:

  • Water-Borne
  • Solvent- Borne
  • Powder- Based

Corrosion Protective Coatings (CPC) Market
 

Water-borne corrosion protective coatings accounted as fastest growing segment in 2015. Water-borne coatings make use of water as a solvent and hence are known as eco-friendly coatings which are easy to apply. These coatings consist of almost 80% water along with small quantities of other solvents such as glycol ethers. They are known to be environment friendly coatings as the European and US regulations have set a standard to have VOC content of less than 3.5 pounds per gallon of water. Advantages of water-borne corrosion protective coatings have led to high demand from various end-user industries in the market. Some of the advantages include low VOC levels and HAP emissions, good resistance to abrasion and heat, reduce air emissions and less coating is required to cover the surface area. Therefore, waterborne corrosion protective coatings are anticipated to increase market share and retain its position during the forecast period. Solvent-borne corrosion protective coating accounted as the largest market in 2015 and is expected to increase in the near future. These coatings contain about 25% solids and high organic solvent content. Solvent-borne formulations are widely used in industrial coatings, automotive coatings and printing inks among other coatings. These coatings are expected to generate demand for corrosion protective coatings in the market due to growing demand from industrial and automotive applications in the global market. Powder-based coatings are also expected to experience high demand in the near future due to growing building & construction and other end-user industries in the emerging economies worldwide.

On the basis of geography, the global corrosion protective coatings market is segmented into following categories,

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Latin America
  • Middle East & Africa

Corrosion Protective Coatings (CPC) Market

 

Asia Pacific accounted for major share of global corrosion protective coatings market in 2015 and is expected to retain its position in the near future. Growing construction industry in the region is one among the major factor boosting growth of global corrosion protective coatings market. Rising demand for corrosion protective coatings in industries such as automotive and shipbuilding is also promoting growth of global corrosion protective coatings market in the region. North America accounted for more than 27% revenue share of global corrosion protective coatings market in 2015 and is expected to increase in the near future. Increasing demand for corrosion protective coatings from automotive sector in the region is expected to fuel growth of corrosion protective coatings in the region. Rising research and development activities in shipbuilding and other end-user industries to increase shelf life of metals are expected to boost high growth of Europe corrosion protective coatings market. Other regions such as Latin America and Middle East & Africa are also expected to contribute to the growth of global corrosion protective coatings market during the forecast period.

On the basis of materials, the corrosion protective coatings market is categorized into following categories:

  • Acrylic
  • Alkyd
  • Epoxy
  • Zinc
  • Polyurethane

Corrosion Protective Coatings (CPC) Market


Growing demand for corrosion protective coatings majorly from construction, automotive and industrial applications has led to the growth of global corrosion protective coatings market. Epoxy accounted for larger share of the global corrosion protective coatings market in 2015. Epoxy coatings are durable coatings which are used for a variety of applications from adhesives to paints and coatings for metals and floor. It is mainly used as coatings or paints. High demand is experienced for epoxy over other materials as it is tough, provides quick drying and acts as a protective coating for metals. Epoxies as compared to other materials are easy to apply which make them useful for various applications in small scale as well as large scale industries worldwide. Automotive, marine and construction industries are the major consumers to contribute to high demand for epoxies in the market. Hence, epoxy coatings are expected to generate high growth which in turn is expected to boost growth of global corrosion protective coatings market. Polyurethane coatings followed epoxy in terms of demand in 2015. Polyurethane coatings provide a thin film of high gloss finish protective layer on metals with exceptional weathering performance characteristics. Polyurethane coatings are known to be used in all industrial markets to provide a durable smooth finish which has superior resistance to abrasion, chemical exposure and corrosion. Hence, high demand is reported for polyurethane coatings from various industries, thereby contributing to growth of corrosion protective coatings market. Other materials such as alkyd, acrylic and zinc are also projected to boost growth of global corrosion protective coatings market during the forecast period.

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