DUBLIN, September 21, 2017 /PRNewswire/ --
The "Global Anti-Corrosion Coatings Market 2017-2021" report has been added to Research and Markets' offering.
The global anti-corrosion coatings market to grow at a CAGR of 5.33% during the period 2017-2021.
Global Anti-corrosion Coatings Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
According to the report, one of the major drivers for this market is Growth in marine industry. Anti-corrosion coatings are extensively used in the marine industry and are mainly used for commercial ships and vessels such as freight carriers, cruise ships, tows, yachts, and boats. These coatings protect hulls and yachts from deterioration or corrosion caused by extremely harsh conditions such as high temperature, varying pressure, high content of salt in water, and organic development caused by moisture. Anti-corrosion coatings applied on several parts of the ships increase their lifespan and durability.
The latest trend gaining momentum in the market is Increasing demand for waterborne anti-corrosion coatings. Waterborne anti-corrosion coatings are in high demand as these comply with the stringent VOC emission control guidelines. These coatings have very low levels of volatile organic compounds (VOCs) and hazardous air pollutants (HAPs). The water-based coatings improve the lifespan and durability of the products.
Further, the report states that one of the major factors hindering the growth of this market is Fluctuating prices of raw materials. Unswerving price variations of raw materials used in the manufacture of anti-corrosion pose serious challenges to the manufacturers of anti-corrosion coatings. Benzene, toluene, ethylene, and naphthalene are the major raw materials used in the production of anti-corrosion coatings and are extracted from petrochemical derivatives. The prices of these petrochemical derivatives are highly dependent on the prices of crude oil and natural gas.
Key vendors
- Akzo Nobel
- BASF
- RPM International
- The Dow Chemical Company
- The Sherwin-Williams Company
Other prominent vendors
- 3M
- Ashland
- Axalta Coating Systems
- Bluchem
- Clariant
- Diamond Vogel
- DuPont
- Hempel
- Jotun
- KANSAI PAINT
- Nippon Paint
- PPG Industries
- Royal DSM
- Solvay
- Wacker Chemie
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Introduction
Part 04: Market Landscape
Part 05: Market Segmentation By Product
Part 06: Market Segmentation By End-User
Part 07: Geographical Segmentation
Part 08: Decision Framework
Part 09: Drivers And Challenges
Part 10: Market Trends
Part 11: Vendor Landscape
Part 12: Key Vendor Analysis
Part 13: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/9pzmxx/global
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SOURCE Research and Markets
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