Anti-corrosion coatings market to grow by USD 7,827.04 million from 2022 to 2027; The growing real estate and construction industry boost the market - Technavio

NEW YORK, Aug. 15, 2023 /PRNewswire/ -- The global anti-corrosion coatings market size is estimated to grow by USD 7,827.04 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 5.66% during the forecast period. However, the growth momentum will progress. APAC held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental growth of 50%. For more insights on the historic market data (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report

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Anti-Corrosion Coatings Market - Segmentation Assessment

Segment Overview

Technavio has segmented the market based on Product (Epoxy, Polyurethane, Alkyd, Acrylic, and Others), Type (Marine, Construction, Industrial, Oil and gas, and Automobile and transportation), and Geography (APAC, North America, Europe, South America, and Middle East and Africa). 

• The epoxy segment will be significant during the forecast period. The segment growth can be attributed to its various applications in industries such as architecture, mining, food and beverage, IT, medical industries, construction, automotive, electrical, and marine. Furthermore, owing to the lower volatile organic compounds (VOC) emission, there is a growing demand for anti-corrosion technology, including waterborne epoxy (WEP) coatings. Hence, such factors drive the epoxy segment of the anti-corrosion coatings market during the forecast period.

Geography Overview

By geography, the global anti-corrosion coatings market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global anti-corrosion coatings market.

• APAC will contribute 50% to the growth of the global market during the forecast period. The regional market growth can be attributed to factors such as the rapidly growing housing market and several government initiatives. In June 2022, the Japanese government announced a plan to spend USD 36 billion over the next decade to build new homes and renovate existing ones to make them more energy-efficient and earthquake-resistant. Hence, such factors drive the regional market growth during the forecast period.

Insights on the market contribution of various segments including country and region wise historic market data (2017 to 2021), and forecast market size (2023 to 2027) - Download a Sample Report

Anti-Corrosion Coatings Market – Market Dynamics

Key factor driving market growth

The growing real estate and construction industry drives the anti-corrosion coatings market. The growth results in increased demand for anti-corrosion coatings in various applications. Developing countries like China and India witness rapid urbanization and infrastructure investments, boosting the construction sector.

Furthermore, architectural anti-corrosion coatings, such as acrylic coatings, offer seamless and reflective properties, making them highly desirable for interior and exterior applications. Hence, such factors drive the anti-corrosion coatings market during the forecast period.

Leading trends influencing the market 

Increasing focus on bio-based and eco-friendly products is an emerging anti-corrosion coatings market trend. As research studies have highlighted the commercial applications of bio-based resins and polymers in coatings, consumers today prioritize the environmental and health impacts of their purchases.

Furthermore, stringent environmental regulations in developed regions further boost the overall market for anti-corrosion coatings. Hence, such trends fuel the anti-corrosion coatings market during the forecast period.

Major challenges hindering the market growth

Stringent regulations affecting market growth challenge the anti-corrosion coatings market. These coatings protect surfaces from weathering and chemicals but often contain toxic additives.

Furthermore, the harmful effects of volatile organic compounds (VOCs) on health and the environment pose challenges to the market. Also, stringent regulations in Western Europe and North America aim to reduce the hazardous effects of solvent-borne coatings. Hence, such challenges impede the anti-corrosion coatings market during the forecast period.

Insights on Market Drivers, trends, & Challenges, historic period(2017 to 2021), and forecast period(2023 to 2027)- Request a sample report!

What are the key data covered in this Anti-Corrosion Coatings Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the anti-corrosion coatings market between 2023 and 2027
• Precise estimation of the size of the anti-corrosion coatings market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the anti-corrosion coatings market across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of anti-corrosion coatings market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 (USD million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 (USD million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global anti-corrosion coatings market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on global anti-corrosion coatings market 2017 - 2021 (USD million)

• 4.2 Product Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 (USD million)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 (USD million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 (USD million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 (USD million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Epoxy - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Epoxy - Market size and forecast 2022-2027 (USD million)
• Exhibit 35: Data Table on Epoxy - Market size and forecast 2022-2027 (USD million)
• Exhibit 36: Chart on Epoxy - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Epoxy - Year-over-year growth 2022-2027 (%)

• 6.4 Polyurethane - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Polyurethane - Market size and forecast 2022-2027 (USD million)
• Exhibit 39: Data Table on Polyurethane - Market size and forecast 2022-2027 (USD million)
• Exhibit 40: Chart on Polyurethane - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Polyurethane - Year-over-year growth 2022-2027 (%)

• 6.5 Alkyd - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Alkyd - Market size and forecast 2022-2027 (USD million)
• Exhibit 43: Data Table on Alkyd - Market size and forecast 2022-2027 (USD million)
• Exhibit 44: Chart on Alkyd - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Alkyd - Year-over-year growth 2022-2027 (%)

• 6.6 Acrylic - Market size and forecast 2022-2027 
• Exhibit 46: Chart on Acrylic - Market size and forecast 2022-2027 (USD million)
• Exhibit 47: Data Table on Acrylic - Market size and forecast 2022-2027 (USD million)
• Exhibit 48: Chart on Acrylic - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Acrylic - Year-over-year growth 2022-2027 (%)

• 6.7 Others - Market size and forecast 2022-2027 
• Exhibit 50: Chart on Others - Market size and forecast 2022-2027 (USD million)
• Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 (USD million)
• Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.8 Market opportunity by Product 
• Exhibit 54: Market opportunity by Product (USD million)
• Exhibit 55: Data Table on Market opportunity by Product (USD million)

7 Market Segmentation by Type

• 7.1 Market segments
• Exhibit 56: Chart on Type - Market share 2022-2027 (%)
• Exhibit 57: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type
• Exhibit 58: Chart on Comparison by Type
• Exhibit 59: Data Table on Comparison by Type

• 7.3 Marine - Market size and forecast 2022-2027 
• Exhibit 60: Chart on Marine - Market size and forecast 2022-2027 (USD million)
• Exhibit 61: Data Table on Marine - Market size and forecast 2022-2027 (USD million)
• Exhibit 62: Chart on Marine - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Marine - Year-over-year growth 2022-2027 (%)

• 7.4 Construction - Market size and forecast 2022-2027 
• Exhibit 64: Chart on Construction - Market size and forecast 2022-2027 (USD million)
• Exhibit 65: Data Table on Construction - Market size and forecast 2022-2027 (USD million)
• Exhibit 66: Chart on Construction - Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on Construction - Year-over-year growth 2022-2027 (%)

• 7.5 Industrial - Market size and forecast 2022-2027 
• Exhibit 68: Chart on Industrial - Market size and forecast 2022-2027 (USD million)
• Exhibit 69: Data Table on Industrial - Market size and forecast 2022-2027 (USD million)
• Exhibit 70: Chart on Industrial - Year-over-year growth 2022-2027 (%)
• Exhibit 71: Data Table on Industrial - Year-over-year growth 2022-2027 (%)

• 7.6 Oil and gas - Market size and forecast 2022-2027 
• Exhibit 72: Chart on Oil and gas - Market size and forecast 2022-2027 (USD million)
• Exhibit 73: Data Table on Oil and gas - Market size and forecast 2022-2027 (USD million)
• Exhibit 74: Chart on Oil and gas - Year-over-year growth 2022-2027 (%)
• Exhibit 75: Data Table on Oil and gas - Year-over-year growth 2022-2027 (%)

• 7.7 Automobile and transportation - Market size and forecast 2022-2027 
• Exhibit 76: Chart on Automobile and transportation - Market size and forecast 2022-2027 (USD million)
• Exhibit 77: Data Table on Automobile and transportation - Market size and forecast 2022-2027 (USD million)
• Exhibit 78: Chart on Automobile and transportation - Year-over-year growth 2022-2027 (%)
• Exhibit 79: Data Table on Automobile and transportation - Year-over-year growth 2022-2027 (%)

• 7.8 Market opportunity by Type 
• Exhibit 80: Market opportunity by Type (USD million)
• Exhibit 81: Data Table on Market opportunity by Type (USD million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 82: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 83: Chart on Market share by geography 2022-2027 (%)
• Exhibit 84: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 85: Chart on Geographic comparison
• Exhibit 86: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 87: Chart on APAC - Market size and forecast 2022-2027 (USD million)
• Exhibit 88: Data Table on APAC - Market size and forecast 2022-2027 (USD million)
• Exhibit 89: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027 
• Exhibit 91: Chart on North America - Market size and forecast 2022-2027 (USD million)
• Exhibit 92: Data Table on North America - Market size and forecast 2022-2027 (USD million)
• Exhibit 93: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027 
• Exhibit 95: Chart on Europe - Market size and forecast 2022-2027 (USD million)
• Exhibit 96: Data Table on Europe - Market size and forecast 2022-2027 (USD million)
• Exhibit 97: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 99: Chart on South America - Market size and forecast 2022-2027 (USD million)
• Exhibit 100: Data Table on South America - Market size and forecast 2022-2027 (USD million)
• Exhibit 101: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 103: Chart on Middle East and Africa - Market size and forecast 2022-2027 (USD million)
• Exhibit 104: Data Table on Middle East and Africa - Market size and forecast 2022-2027 (USD million)
• Exhibit 105: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027 
• Exhibit 107: Chart on China - Market size and forecast 2022-2027 (USD million)
• Exhibit 108: Data Table on China - Market size and forecast 2022-2027 (USD million)
• Exhibit 109: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027 
• Exhibit 111: Chart on US - Market size and forecast 2022-2027 (USD million)
• Exhibit 112: Data Table on US - Market size and forecast 2022-2027 (USD million)
• Exhibit 113: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 114: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027 
• Exhibit 115: Chart on Japan - Market size and forecast 2022-2027 (USD million)
• Exhibit 116: Data Table on Japan - Market size and forecast 2022-2027 (USD million)
• Exhibit 117: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 118: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027 
• Exhibit 119: Chart on Germany - Market size and forecast 2022-2027 (USD million)
• Exhibit 120: Data Table on Germany - Market size and forecast 2022-2027 (USD million)
• Exhibit 121: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 122: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 India - Market size and forecast 2022-2027 
• Exhibit 123: Chart on India - Market size and forecast 2022-2027 (USD million)
• Exhibit 124: Data Table on India - Market size and forecast 2022-2027 (USD million)
• Exhibit 125: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 126: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 127: Market opportunity by geography (USD million)
• Exhibit 128: Data Tables on Market opportunity by geography (USD million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 129: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 130: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 131: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 132: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 133: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 134: Matrix on vendor position and classification

• 12.3 Akzo Nobel NV
• Exhibit 135: Akzo Nobel NV - Overview
• Exhibit 136: Akzo Nobel NV - Business segments
• Exhibit 137: Akzo Nobel NV - Key news
• Exhibit 138: Akzo Nobel NV - Key offerings
• Exhibit 139: Akzo Nobel NV - Segment focus

• 12.4 Ashland Inc.
• Exhibit 140: Ashland Inc. - Overview
• Exhibit 141: Ashland Inc. - Business segments
• Exhibit 142: Ashland Inc. - Key news
• Exhibit 143: Ashland Inc. - Key offerings
• Exhibit 144: Ashland Inc. - Segment focus

• 12.5 Axalta Coating Systems Ltd. 
• Exhibit 145: Axalta Coating Systems Ltd. - Overview
• Exhibit 146: Axalta Coating Systems Ltd. - Business segments
• Exhibit 147: Axalta Coating Systems Ltd. - Key offerings
• Exhibit 148: Axalta Coating Systems Ltd. - Segment focus

• 12.6 BASF SE
• Exhibit 149: BASF SE - Overview
• Exhibit 150: BASF SE - Business segments
• Exhibit 151: BASF SE - Key news
• Exhibit 152: BASF SE - Key offerings
• Exhibit 153: BASF SE - Segment focus

• 12.7 Beckers Group
• Exhibit 154: Beckers Group - Overview
• Exhibit 155: Beckers Group - Product / Service
• Exhibit 156: Beckers Group - Key offerings

• 12.8 Cor Pro Systems
• Exhibit 157: Cor Pro Systems - Overview
• Exhibit 158: Cor Pro Systems - Product / Service
• Exhibit 159: Cor Pro Systems - Key offerings

• 12.9 Hempel AS
• Exhibit 160: Hempel AS - Overview
• Exhibit 161: Hempel AS - Product / Service
• Exhibit 162: Hempel AS - Key offerings

• 12.10 Jotun AS
• Exhibit 163: Jotun AS - Overview
• Exhibit 164: Jotun AS - Business segments
• Exhibit 165: Jotun AS - Key offerings
• Exhibit 166: Jotun AS - Segment focus

• 12.11 Kansai Paint Co. Ltd. 
• Exhibit 167: Kansai Paint Co. Ltd. - Overview
• Exhibit 168: Kansai Paint Co. Ltd. - Business segments
• Exhibit 169: Kansai Paint Co. Ltd. - Key offerings
• Exhibit 170: Kansai Paint Co. Ltd. - Segment focus

• 12.12 Metal Coatings Corp.
• Exhibit 171: Metal Coatings Corp. - Overview
• Exhibit 172: Metal Coatings Corp. - Product / Service
• Exhibit 173: Metal Coatings Corp. - Key offerings

• 12.13 NEI Corp.
• Exhibit 174: NEI Corp. - Overview
• Exhibit 175: NEI Corp. - Product / Service
• Exhibit 176: NEI Corp. - Key offerings

• 12.14 PPG Industries Inc.
• Exhibit 177: PPG Industries Inc. - Overview
• Exhibit 178: PPG Industries Inc. - Business segments
• Exhibit 179: PPG Industries Inc. - Key offerings
• Exhibit 180: PPG Industries Inc. - Segment focus

• 12.15 RPM International Inc. 
• Exhibit 181: RPM International Inc. - Overview
• Exhibit 182: RPM International Inc. - Business segments
• Exhibit 183: RPM International Inc. - Key offerings
• Exhibit 184: RPM International Inc. - Segment focus

• 12.16 SK FORMULATIONS INDIA PVT. LTD. 
• Exhibit 185: SK FORMULATIONS INDIA PVT. LTD. - Overview
• Exhibit 186: SK FORMULATIONS INDIA PVT. LTD. - Product / Service
• Exhibit 187: SK FORMULATIONS INDIA PVT. LTD. - Key offerings

• 12.17 The Sherwin Williams Co. 
• Exhibit 188: The Sherwin Williams Co. - Overview
• Exhibit 189: The Sherwin Williams Co. - Business segments
• Exhibit 190: The Sherwin Williams Co. - Key news
• Exhibit 191: The Sherwin Williams Co. - Key offerings
• Exhibit 192: The Sherwin Williams Co. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 193: Inclusions checklist
• Exhibit 194: Exclusions checklist

• 13.3 Currency conversion rates for USUSD 
• Exhibit 195: Currency conversion rates for USUSD

• 13.4 Research methodology
• Exhibit 196: Research methodology
• Exhibit 197: Validation techniques employed for market sizing
• Exhibit 198: Information sources

• 13.5 List of abbreviations 
• Exhibit 199: List of abbreviations

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