DUBLIN, April 13, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/fk4kk7/anticorrosion) has announced the addition of the "Anti-Corrosion Coating Market by Type, Technology, and End-Use - Global Trends & Forecasts to 2019" report to their offering.
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The anti-corrosion coating market is projected to register a CAGR of 4.5% between 2014 and 2019 to reach $26,583 million.
The anti-corrosion coating market is witnessing a steady growth from 2014 to 2019 on account of technological advancements, emerging applications and increasing demand from power generation, automotive and infrastructure sectors. Anti-corrosion coating is used in various end-use industries such as marine, oil & gas, power generation, industrial (repair & maintenance), infrastructure and automotive & transportation among others such as water treatment and food & beverages.
Asia-Pacific is the largest market which also offers the highest growth over the next five years. The growth is on account of the developing industries in the region that have attracted the focus of major market players.Europe ranks second in terms of market size which is followed by North America. New and better products by suppliers, and high requirements from end-use industries are expected to create new opportunities in the anti-corrosion coating market.
The major players in anti-corrosion coating markets are PPG Industries (U.S.) , Akzo Nobel (The Netherlands), Sherwin-Williams (U.S.), Jotun Coatings (Norway), Axalta Coatings (U.S.), BASF (Germany) and COSCO Kansai Paints (Japan). The anti-corrosion coating market also has a high presence of small local manufacturers that cater to smaller parts of the end-use industries.
The competition in this market is high; the companies compete on the basis of product quality, price and technology. New product development is the preferred strategy adopted by the major players. With new products, companies can widen or even generate new markets for anti-corrosion coating.
The anti- corrosion coating market will be shifting from solvent-borne coatings to water-borne coating in light of the VOC emission regulations. The regulations will dampen the growth for solvent-borne coatings while accelerate the growth of water-borne coatings.
Epoxy based anti-corrosion coating accounts for a major share of the market due to its good properties and compatibility with other types of coating resins. Acrylic anti-corrosion coating is estimated to have the highest CAGR from 2014 to 2019.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Anti-Corrosion Coating Market, By Technology
8 Anti-Corrosion Coating Market, By Type
9 Anti-Corrosion Coating Market, By End-Use Industry
10 Regional Analysis
11 Competitive Landscape
12 Company Profiles
- Akzonobel N.V.
- Ashland Inc.
- Axalta Coating Systems Ltd.
- Hempel A/S
- Jotun A/S
- Kansai Paints Co. Ltd.
- PPG Industries
- the Sherwin-Williams Company
For more information visit http://www.researchandmarkets.com/research/fk4kk7/anticorrosion
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SOURCE Research and Markets