Anti-Corrosion Coating Market is Projected To Grow at 4.5% CAGR To 2019 Globally

DALLAS, March 3, 2015 /PRNewswire/ --

Anti-Corrosion Coating Market report identifies prominent players and provides analysis for each player in terms of company overview, financials, products & services offered recent developments, and company strategy - New Research Available at ReportsnReports.com

The market for anti-corrosion coating is estimated to grow on account of huge losses incurred due to corrosion, growth in alternative energy and modernization of infrastructure. Fluctuating raw material costs, stringent environmental regulations, slowdown in marine and oil & gas industries and global economic situation affecting investments are the factors restraining the market growth. Complete report on Anti-Corrosion Coating Market by Type (Epoxy, Polyurethane, Zinc, Alkyd, Acrylic), Technology (Solvent, Water, Powder) and End-Use (Marine, Oil & Gas, Power Generation, Industrial, Infrastructure, Automotive) - Global Trends & Forecasts to 2019 available at http://www.reportsnreports.com/reports/344639-anti-corrosion-coating-market-by-type-epoxy-polyurethane-zinc-alkyd-acrylic-technology-solvent-water-powder-and-end-use-marine-oil-gas-power-generation-industrial-infrastructure-automotive-global-trends-forecasts-to-2019.html .

Anti-corrosion coating is a specialized type of protective coating that is used to protect metal, concrete or other material surfaces from the degradation caused by moisture, oxidation and a wide array of chemicals and bases by forming a barrier between the surface and the corrosion agent.

The anti-corrosion coating market is projected to register a CAGR of 4.5% between 2014 and 2019 to reach $26,583 million. The marine industry, that uses anti-corrosion coating, constitutes a significant part of the overall anti-corrosion coating market.

The major players in the Anti-Corrosion Coating Market are 3M, AkzoNobel, Ashland Inc, BASF, Chukogu Marine Paints, COSCO Kansai, Axalta Coatings (formerly DuPont), Jotun A/S, Heubach GmbH, Nippon paints, PPG Industries Sherwin-Williams & Others. Order a copy of this report at http://www.reportsnreports.com/purchase.aspx?name=344639 .

Region-wise, Asia-Pacific is leading the anti-corrosion coating market. Growth in Asia-Pacific is attributed to the developing industries in the region as well as the low per-capita coating consumption that presents a huge potential for the anti-corrosion coating market. Asia-Pacific is also estimated to have the highest growth in the market on account of the increasing demand from rising industries such as oil & gas, power generation and infrastructure among others. Europe is the second largest market for anti-corrosion coating and is projected to have a below average growth between 2014 and 2019. North America is estimated to have a steady growth in the market. Several anti-corrosion companies are expanding in Asian countries to benefit from the low-cost structures and growing local demand for anti-corrosion coatings for various applications, such as marine, oil & gas, power generation, infrastructure, industrial (repair & maintenance) and automotive & transportation among others.

The report analyzes the anti-corrosion coating market trends and forecasts till 2019. The market size has been provided in terms of market volume (KT) and value ($million). The report also identifies prominent players and provides analysis for each player in terms of company overview, financials, products & services offered recent developments, and company strategy. Priced at $4650 for a single user PDF, a discount on this research report can be requested at http://www.reportsnreports.com/contacts/discount.aspx?name=344639 .

Epoxy based anti-corrosion coatings had the largest market size in 2013. Acrylic anti-corrosion coatings are projected to have the highest growth rate in the anti-corrosion coatings market between 2014 and 2019.

Solvent-borne anti-corrosion coating dominated the market in 2013 but is estimated to experience a slow growth on account of environmental regulations. Water-borne anti-corrosion coatings are projected to witness the highest growth from 2014 to 2019.

The anti-corrosion coating industry is moving towards investments in the implementation of technologies to produce new and high-quality products that are environment friendly. The R&D initiatives for developing new products along with increasing demand from alternative energy, transportation and modern infrastructure sectors will continue to drive the demand for anti-corrosion coating.

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