出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2023年6月
防食コーティング市場 : 樹脂の種類 (エポキシ、PU、アクリル、亜鉛、塩素化ゴム)、技術 (水、溶剤、粉末)、最終用途 (石油とガス、海洋、インフラ、発電、水処理)、地域別 – 2028年までの世界予測
Corrosion Protection Coatings Market by Resin Type (Epoxy, PU, Acrylic, Zinc, Chlorinated Rubber), Technology (Water, Solvent, Powder), End-use (Oil & Gas, Marine, Infrastructure, Power Generation, Water Treatment), & Region – Global Forecast to 2028
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| 種別 | 英文調査報告書 |
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The Corrosion protection coatings market is projected to grow from USD 10.4 Billion in 2023 to USD 12.4 Billion by 2028, at a CAGR of 3.5% between 2023-2028. The challenges related to the Corrosion protection coatings market are increasing competition from local players. Local players are gradually gaining an edge through increased R&D initiatives and focus on limited geographic regions. They identify the needs and demands in the local market and fulfill them with application-specific products.
“Acrylic resin is estimated to be the fastest growing segment in the Corrosion Protection Coatings market.”
Acrylic resins are commonly used in corrosion protection coatings due to their excellent film-forming properties, durability, and resistance to environmental factors. These resins can be formulated into various types of coatings, such as primers, topcoats, and clear sealants, to provide protection for metal surfaces against corrosion. Acrylic resins can be formulated into water-based coatings, which offer advantages such as low VOC (volatile organic compound) emissions, ease of application, and fast drying times. Waterborne acrylic coatings are environmentally friendly and comply with strict regulations regarding air quality and safety.
“Oil & Gas end-use industry to gain the maximum market share during the forecast period.”
Corrosion protection coatings play a crucial role in the oil and gas industry to prevent the degradation of equipment and infrastructure caused by corrosion. The harsh operating conditions, including exposure to moisture, aggressive chemicals, and high temperatures, make corrosion a significant concern. The selection of corrosion protection coatings depends on various factors, including the operating environment, substrate material, required lifespan, and application method. Industry standards and regulations also play a significant role in determining the appropriate coating systems for specific oil and gas applications.
“Asia Pacific is estimated to be the largest and fastest-growing segment of the Corrosion protection coatings market.”
The global market for corrosion protection coatings is expanding at the quickest rate in Asia Pacific. Economic growth, followed by significant investment in a variety of sectors, including petrochemical, oil & gas, infrastructure, power generation, and industrial, are primarily responsible for this. The most potential market is in Asia Pacific, and it is likely to be the case in the foreseeable future. Additionally, to take advantage of the cheap labour and meet local market demand, international businesses are moving their production plants to Asia Pacific.
China, India, Japan, and South Korea are important nations in the Asia Pacific market. based on the IMF (International Monetary Fund). The economies of China and India are among the ones expanding the quickest globally. Additionally end-use industries that are anticipated to have rapid growth in the region are the nuclear power, oil & gas, and automotive industries, subsequently rising demand for Corrosion Protection Coatings.
Extensive primary interviews have been conducted, and information has been gathered from secondary research to determine and verify the market size of several segments and sub-segments.
Breakdown of Primary Interviews:
• By Company Type: Tier 1 – 46%, Tier 2 – 43%, and Tier 3 – 27%
• By Designation: D Level – 23%, C Level – 21%, and Others – 56%
• By Region: North America – 37%, Asia Pacific – 26%, Europe – 23%, Middle East & Africa – 10%, and South America – 4%, and
The key companies profiled in this report are Akzo Nobel NV (Netherlands), PPG Industries, Inc. (US), Jotun A/S (Norway), The Sherwin-Williams Company (US), and Kansai Paint Co., Ltd. (Japan).
Research Coverage:
Corrosion protection coatings Market by Resin Type (Epoxy, PU, Acrylic, Zinc, Chlorinated Rubber), by Technology (Water-based, Solvent-based, Powder), by End-use (Oil & Gas, Marine, Petrochemical, Infrastructure, Power Generation, Water Treatment), and Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa).
Reasons to Buy the Report
From an insight perspective, this research report focuses on various levels of analyses — industry analysis (industry trends), market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the market; high growth regions; and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
Analysis of Market Drivers (Increasing losses and damage due to corrosion, Increasing need for efficient processes and longer life of equipment, Innovations in modern structures, Growth in end-use industries), Restraints (Stringent environmental regulations, High prices of raw materials and energy), Opportunities (Demand for high-efficiency high performance corrosion protection coatings, Emerging countries offer significant growth opportunities), Challenges (Challenges from local players, Rise in use of substitutes)
Market Penetration: Comprehensive information on Corrosion protection coatings offered by top players in the market
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the market
Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the market for Corrosion protection coatings across regions
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market
Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the market.
目次
1 INTRODUCTION 36
1.1 STUDY OBJECTIVES 36
1.2 MARKET DEFINITION 36
1.3 STUDY SCOPE 37
1.3.1 MARKETS COVERED 37
FIGURE 1 CORROSION PROTECTION COATINGS MARKET SEGMENTATION 37
1.3.2 REGIONS COVERED 37
FIGURE 2 CORROSION PROTECTION COATINGS MARKET: GEOGRAPHIC SCOPE 37
1.3.3 INCLUSIONS AND EXCLUSIONS 38
1.3.4 YEARS CONSIDERED 38
1.4 CURRENCY CONSIDERED 38
1.5 UNIT CONSIDERED 39
1.6 LIMITATIONS 39
1.7 STAKEHOLDERS 39
1.8 SUMMARY OF CHANGES 39
2 RESEARCH METHODOLOGY 41
2.1 RESEARCH DATA 41
FIGURE 3 CORROSION PROTECTION COATINGS MARKET: RESEARCH DESIGN 41
2.1.1 SECONDARY DATA 42
2.1.1.1 Critical secondary inputs 42
2.1.1.2 Key data from secondary sources 42
2.1.2 PRIMARY DATA 43
2.1.2.1 Key primary data sources 43
2.1.2.2 Critical primary inputs 43
2.1.2.3 Key data from primary sources 44
2.1.2.4 Key industry insights 45
2.1.2.5 Breakdown of primary interviews 45
2.2 MARKET SIZE ESTIMATION APPROACH 46
2.2.1 TOP-DOWN APPROACH 46
FIGURE 4 CORROSION PROTECTION COATINGS MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 47
FIGURE 5 CORROSION PROTECTION COATINGS MARKET SIZE ESTIMATION: BY VALUE 47
FIGURE 6 CORROSION PROTECTION COATINGS MARKET SIZE ESTIMATION, BY REGION 47
FIGURE 7 CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE 48
FIGURE 8 CORROSION PROTECTION COATINGS MARKET SIZE ESTIMATION, BY TECHNOLOGY 48
FIGURE 9 CORROSION PROTECTION COATINGS MARKET SIZE ESTIMATION, BOTTOM-UP APPROACH: BY END-USE INDUSTRY 48
FIGURE 10 CORROSION PROTECTION COATINGS MARKET SIZE ESTIMATION, BY END-USE INDUSTRY 49
2.3 MARKET FORECAST APPROACH 50
2.3.1 SUPPLY-SIDE FORECAST 50
FIGURE 11 CORROSION PROTECTION COATINGS MARKET: SUPPLY SIDE FORECAST 50
FIGURE 12 METHODOLOGY FOR SUPPLY SIDE SIZING OF CORROSION PROTECTION COATINGS MARKET 50
2.3.2 DEMAND-SIDE FORECAST 51
FIGURE 13 CORROSION PROTECTION COATINGS MARKET: DEMAND SIDE FORECAST 51
2.4 FACTOR ANALYSIS 51
FIGURE 14 FACTOR ANALYSIS OF CORROSION PROTECTION COATINGS MARKET 51
2.5 DATA TRIANGULATION 52
FIGURE 15 CORROSION PROTECTION COATINGS MARKET: DATA TRIANGULATION 52
2.6 RESEARCH ASSUMPTIONS 53
2.7 RESEARCH LIMITATIONS 53
2.8 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST 53
2.9 IMPACT OF RECESSION 53
3 EXECUTIVE SUMMARY 54
TABLE 1 CORROSION PROTECTION COATINGS MARKET SNAPSHOT, 2023 VS. 2028 54
FIGURE 16 EPOXY SEGMENT TO DOMINATE CORROSION PROTECTION COATINGS MARKET BETWEEN 2023 AND 2028 55
FIGURE 17 SOLVENT-BASED SEGMENT TO LEAD CORROSION PROTECTION COATINGS MARKET BETWEEN 2023 AND 2028 56
FIGURE 18 OIL & GAS TO BE LARGEST END-USE INDUSTRY OF CORROSION PROTECTION COATINGS BETWEEN 2023 AND 2028 56
FIGURE 19 ASIA PACIFIC TO BE FASTEST-GROWING CORROSION PROTECTION COATINGS MARKET BETWEEN 2023 AND 2028 57
4 PREMIUM INSIGHTS 58
4.1 SIGNIFICANT OPPORTUNITIES FOR PLAYERS IN CORROSION PROTECTION COATINGS MARKET 58
FIGURE 20 CORROSION PROTECTION COATINGS MARKET TO WITNESS HIGH GROWTH IN INFRASTRUCTURE SEGMENT BETWEEN 2023 AND 2028 58
4.2 CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE 58
FIGURE 21 EPOXY TO BE LARGEST SEGMENT BETWEEN 2023 AND 2028 58
4.3 CORROSION PROTECTION COATINGS MARKET, BY END-USE INDUSTRY 59
FIGURE 22 MARINE END-USE INDUSTRY SEGMENT TO LEAD CORROSION PROTECTION COATINGS MARKET DURING FORECAST PERIOD 59
4.4 CORROSION PROTECTION COATINGS MARKET, DEVELOPED VS. EMERGING ECONOMIES 59
FIGURE 23 CHINA TO DOMINATE GLOBAL MARKET DURING FORECAST PERIOD 59
4.5 CORROSION PROTECTION COATINGS MARKET, BY KEY COUNTRY 60
FIGURE 24 INDIA TO BE FASTEST-GROWING CORROSION PROTECTION COATINGS MARKET BETWEEN 2023 AND 2028 60
5 MARKET OVERVIEW 61
5.1 INTRODUCTION 61
FIGURE 25 ROLE OF CORROSION PROTECTION COATINGS 61
5.2 OVERVIEW OF CORROSION PROTECTION COATINGS MARKET 62
FIGURE 26 CORROSION PREVENTION METHODS 62
5.2.1 TYPES OF CORROSION 62
5.2.1.1 Galvanic corrosion 62
5.2.1.2 Stress corrosion 62
5.2.1.3 General corrosion 62
5.2.1.4 Localized corrosion 63
5.2.1.5 Caustic agent corrosion 63
5.3 FACTORS CONSIDERED WHILE SELECTING CORROSION PROTECTION COATINGS 63
5.3.1 TYPE OF SURFACE OR SUBSTRATE TO BE COATED 63
5.3.2 LIFE EXPECTANCY 63
TABLE 2 CRITERIA FOR SELECTION OF CORROSION PROTECTION COATINGS BASED ON LIFE EXPECTANCY 63
5.3.3 EASE OF ACCESS 63
5.3.4 COMPLIANCE WITH LEGISLATIVE AND ENVIRONMENTAL REGULATIONS 64
5.4 VALUE CHAIN OVERVIEW 64
5.4.1 VALUE CHAIN ANALYSIS 64
FIGURE 27 VALUE CHAIN ANALYSIS 64
TABLE 3 SUPPLY CHAIN ECOSYSTEM 65
5.5 MARKET DYNAMICS 66
FIGURE 28 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN CORROSION PROTECTION COATINGS MARKET 66
5.5.1 DRIVERS 66
5.5.1.1 Increasing losses and damage due to corrosion 66
5.5.1.2 Increasing need for efficient processes and longer life of equipment 67
5.5.1.3 Innovation in modern structures 67
5.5.1.4 Growth in end-use industries 67
5.5.2 RESTRAINTS 68
5.5.2.1 Stringent environmental regulations 68
5.5.2.2 High price of raw materials and energy 68
TABLE 4 RESIN PRICES 68
5.5.3 OPPORTUNITIES 69
5.5.3.1 Demand for high-efficiency high-performance corrosion protection coatings 69
5.5.3.2 Significant growth opportunities in emerging economies 69
5.5.4 CHALLENGES 69
5.5.4.1 Increasing competition from local players 69
5.5.4.2 Rise in use of substitutes 69
5.6 PORTER’S FIVE FORCES ANALYSIS 70
FIGURE 29 PORTER’S FIVE FORCES ANALYSIS 70
TABLE 5 PORTER’S FIVE FORCES ANALYSIS 70
5.6.1 THREAT OF NEW ENTRANTS 71
5.6.2 THREAT OF SUBSTITUTES 71
5.6.3 BARGAINING POWER OF SUPPLIERS 71
5.6.4 BARGAINING POWER OF BUYERS 71
5.6.5 INTENSITY OF COMPETITIVE RIVALRY 72
5.7 KEY STAKEHOLDERS & BUYING CRITERIA 72
5.7.1 KEY STAKEHOLDERS IN BUYING PROCESS 72
FIGURE 30 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS 72
TABLE 6 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP INDUSTRIES (%) 72
5.7.2 BUYING CRITERIA 73
FIGURE 31 KEY BUYING CRITERIA FOR CORROSION PROTECTION COATINGS 73
TABLE 7 KEY BUYING CRITERIA FOR CORROSION PROTECTION COATINGS 73
5.8 MACROECONOMIC INDICATORS 74
5.8.1 INTRODUCTION 74
5.8.2 GDP TRENDS AND FORECAST 74
TABLE 8 GDP TRENDS AND FORECAST, PERCENTAGE CHANGE 74
5.8.3 TRENDS AND FORECAST OF GLOBAL CONSTRUCTION INDUSTRY 75
FIGURE 32 GLOBAL SPENDING IN CONSTRUCTION INDUSTRY, 2014–2035 75
5.8.4 TRENDS IN GLOBAL AUTOMOTIVE INDUSTRY 76
FIGURE 33 TRENDS IN GLOBAL AUTOMOTIVE INDUSTRY 76
5.9 TECHNOLOGY OVERVIEW 77
FIGURE 34 CORROSION PROTECTION COATING TECHNOLOGY 77
5.10 CASE STUDY 78
5.10.1 CORROSION PROTECTION COATINGS USED FOR PIPELINE IN NUCLEAR POWER PLANT 78
5.11 PRICING ANALYSIS 78
5.11.1 AVERAGE SELLING PRICE, BY REGION 79
FIGURE 35 PRICING ANALYSIS, BY REGION, 2022 79
5.11.2 AVERAGE SELLING PRICE, BY END-USE INDUSTRY 79
FIGURE 36 PRICING ANALYSIS, BY END-USE INDUSTRY, 2022 79
5.11.3 AVERAGE SELLING PRICE, BY TYPE 80
FIGURE 37 PRICING ANALYSIS, BY TYPE, 2022 80
5.11.4 AVERAGE SELLING PRICE, BY KEY PLAYER 80
FIGURE 38 PRICING ANALYSIS OF KEY PLAYERS, BY END-USE INDUSTRY, 2022 80
5.12 EXPORT AND IMPORT (EXIM) TRADE STATISTICS 80
5.12.1 KEY COUNTRIES 81
TABLE 9 INTENSITY OF TRADE, BY KEY COUNTRY 81
5.12.2 EXPORT TRADE DATA 81
TABLE 10 EXPORT DATA IN USD THOUSAND (2018–2022) 81
5.12.3 IMPORT TRADE DATA 84
TABLE 11 IMPORT DATA IN USD THOUSAND (2018–2022) 84
5.13 GLOBAL ECONOMIC SCENARIO AFFECTING MARKET GROWTH 87
5.13.1 GLOBAL IMPACT OF RECESSION 87
5.13.1.1 North America 87
5.13.1.2 Europe 88
5.13.1.3 Asia Pacific 88
5.14 ECOSYSTEM MAP 88
FIGURE 39 PAINTS & COATINGS ECOSYSTEM 88
5.15 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 89
FIGURE 40 TRENDS IN END-USE INDUSTRIES IMPACTING STRATEGIES OF COATINGS MANUFACTURERS 89
5.16 REGULATORY LANDSCAPE AND STANDARDS 90
TABLE 12 CS-1, CS-3, CS-4, SS-1, SS-2, AND SS-3 CLASSIFICATIONS FOR CORROSION PROTECTION COATINGS MARKET 90
TABLE 13 STANDARDS FOR CORROSION INSPECTION PRACTICES 90
5.17 TARIFFS & REGULATIONS 91
5.17.1 COATING STANDARD 91
TABLE 14 BASIC COATING SYSTEM REQUIREMENTS FOR DEDICATED SEAWATER BALLAST TANKS OF ALL TYPES OF SHIPS AND DOUBLE-SIDE SKIN SPACES OF BULK CARRIERS OF 150 M AND UPWARDS: 92
5.18 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 95
TABLE 15 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 95
TABLE 16 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 96
TABLE 17 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 97
TABLE 18 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 97
5.19 PATENT ANALYSIS 97
5.19.1 METHODOLOGY 98
5.19.2 PUBLICATION TRENDS 98
FIGURE 41 PUBLICATION TRENDS, 2018–2023 98
5.19.3 INSIGHTS 98
5.19.4 JURISDICTION ANALYSIS 98
FIGURE 42 JURISDICTION ANALYSIS OF REGISTERED PATENTS, 2018–2023 99
5.19.5 TOP APPLICANTS 99
FIGURE 43 NUMBER OF PATENTS, BY COMPANY, 2018–2023 99
5.20 KEY CONFERENCES & EVENTS IN 2023–2024 100
TABLE 19 DETAILED LIST OF CONFERENCES & EVENTS 100
6 CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE 101
6.1 INTRODUCTION 102
FIGURE 44 EPOXY-BASED CORROSION PROTECTION COATINGS TO LEAD MARKET BETWEEN 2023 AND 2028 102
TABLE 20 CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION) 102
TABLE 21 CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION) 103
TABLE 22 CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE, 2018–2022 (KILOTON) 103
TABLE 23 CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE, 2023–2028 (KILOTON) 103
6.2 EPOXY 104
6.2.1 SUPERIOR PROTECTIVE CHARACTERISTICS AND MODIFIABLE NATURE OF EPOXY 104
TABLE 24 CHARACTERISTICS OF EPOXY CORROSION PROTECTION COATINGS 104
TABLE 25 EPOXY CORROSION PROTECTION COATINGS MARKET, BY REGION, 2018–2022 (USD MILLION) 105
TABLE 26 EPOXY CORROSION PROTECTION COATINGS MARKET, BY REGION, 2023–2028 (USD MILLION) 105
TABLE 27 EPOXY CORROSION PROTECTION COATINGS MARKET, BY REGION, 2018–2022 (KILOTON) 105
TABLE 28 EPOXY CORROSION PROTECTION COATINGS MARKET, BY REGION, 2023–2028 (KILOTON) 106
6.3 POLYURETHANE 106
6.3.1 GROWING DEMAND FOR POLYURETHANE RESINS IN HIGH-PERFORMANCE APPLICATIONS 106
TABLE 29 PROPERTIES OF POLYURETHANE CORROSION PROTECTION COATINGS 107
TABLE 30 POLYURETHANE CORROSION PROTECTION COATINGS MARKET, BY REGION, 2018–2022 (USD MILLION) 107
TABLE 31 POLYURETHANE CORROSION PROTECTION COATINGS MARKET, BY REGION, 2023–2028 (USD MILLION) 107
TABLE 32 POLYURETHANE CORROSION PROTECTION COATINGS MARKET, BY REGION, 2018–2022 (KILOTON) 108
TABLE 33 POLYURETHANE CORROSION PROTECTION COATINGS MARKET, BY REGION, 2023–2028 (KILOTON) 108
6.4 ACRYLIC 109
6.4.1 SUPERIOR WEATHERING AND OXIDATION RESISTANCE PROPERTIES 109
TABLE 34 CHARACTERISTICS OF ACRYLIC CORROSION PROTECTION COATINGS 109
TABLE 35 ACRYLIC CORROSION PROTECTION COATINGS MARKET, BY REGION, 2018–2022 (USD MILLION) 109
TABLE 36 ACRYLIC CORROSION PROTECTION COATINGS MARKET, BY REGION, 2023–2028 (USD MILLION) 110
TABLE 37 ACRYLIC CORROSION PROTECTION COATINGS MARKET, BY REGION, 2018–2022 (KILOTON) 110
TABLE 38 ACRYLIC CORROSION PROTECTION COATINGS MARKET, BY REGION, 2023–2028 (KILOTON) 110
6.5 ALKYD 111
6.5.1 LENIENT ENVIRONMENTAL REGULATIONS AND GROWTH OF END-USE INDUSTRIES IN ASIA PACIFIC 111
TABLE 39 CHARACTERISTICS OF ALKYD CORROSION PROTECTION COATINGS 111
TABLE 40 ALKYD CORROSION PROTECTION COATINGS MARKET, BY REGION, 2018–2022 (USD MILLION) 111
TABLE 41 ALKYD CORROSION PROTECTION COATINGS MARKET, BY REGION, 2023–2028 (USD MILLION) 112
TABLE 42 ALKYD CORROSION PROTECTION COATINGS MARKET, BY REGION, 2018–2022 (KILOTON) 112
TABLE 43 ALKYD CORROSION PROTECTION COATINGS MARKET, BY REGION, 2023–2028 (KILOTON) 112
6.6 ZINC 113
6.6.1 STRINGENT REGULATIONS TO LIMIT USE OF ZINC-BASED COATINGS 113
TABLE 44 CHARACTERISTICS OF ZINC CORROSION PROTECTION COATINGS 113
TABLE 45 ZINC CORROSION PROTECTION COATINGS MARKET, BY REGION, 2018–2022 (USD MILLION) 114
TABLE 46 ZINC CORROSION PROTECTION COATINGS MARKET, BY REGION, 2023–2028 (USD MILLION) 114
TABLE 47 ZINC CORROSION PROTECTION COATINGS MARKET, BY REGION, 2018–2022 (KILOTON) 114
TABLE 48 ZINC CORROSION PROTECTION COATINGS MARKET, BY REGION, 2023–2028 (KILOTON) 115
6.7 CHLORINATED RUBBER 115
6.7.1 SLOW GROWTH DUE TO VOC REGULATIONS IN NORTH AMERICA AND EUROPE 115
TABLE 49 CHARACTERISTICS OF CHLORINATED RUBBER CORROSION PROTECTION COATINGS 115
TABLE 50 CHLORINATED RUBBER CORROSION PROTECTION COATINGS MARKET, BY REGION, 2018–2022 (USD MILLION) 116
TABLE 51 CHLORINATED RUBBER CORROSION PROTECTION COATINGS MARKET, BY REGION, 2023–2028 (USD MILLION) 116
TABLE 52 CHLORINATED RUBBER CORROSION PROTECTION COATINGS MARKET, BY REGION, 2018–2022 (KILOTON) 116
TABLE 53 CHLORINATED RUBBER CORROSION PROTECTION COATINGS MARKET, BY REGION, 2023–2028 (KILOTON) 117
6.8 OTHER RESIN TYPES 117
TABLE 54 OTHER CORROSION PROTECTION COATINGS MARKET, BY REGION, 2018–2022 (USD MILLION) 117
TABLE 55 OTHER CORROSION PROTECTION COATINGS MARKET, BY REGION, 2023–2028 (USD MILLION) 118
TABLE 56 OTHER CORROSION PROTECTION COATINGS MARKET, BY REGION, 2018–2022 (KILOTON) 118
TABLE 57 OTHER CORROSION PROTECTION COATINGS MARKET, BY REGION, 2023–2028 (KILOTON) 118
7 CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY 119
7.1 INTRODUCTION 120
FIGURE 45 SOLVENT-BASED CORROSION PROTECTION COATINGS SEGMENT TO DOMINATE BETWEEN 2023 AND 2028 120
TABLE 58 CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION) 120
TABLE 59 CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 120
TABLE 60 CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (KILOTON) 121
TABLE 61 CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (KILOTON) 121
7.2 SOLVENT-BASED CORROSION PROTECTION COATINGS 121
7.2.1 EXCELLENT PROPERTIES TO DRIVE DEMAND 121
TABLE 62 SOLVENT-BASED CORROSION PROTECTION COATINGS MARKET, BY REGION, 2018–2022 (USD MILLION) 122
TABLE 63 SOLVENT-BASED CORROSION PROTECTION COATINGS MARKET, BY REGION, 2023–2028 (USD MILLION) 122
TABLE 64 SOLVENT-BASED CORROSION PROTECTION COATINGS MARKET, BY REGION, 2018–2022 (KILOTON) 122
TABLE 65 SOLVENT-BASED CORROSION PROTECTION COATINGS MARKET, BY REGION, 2023–2028 (KILOTON) 123
7.3 WATER-BASED CORROSION PROTECTION COATINGS 123
7.3.1 LOW TOXICITY DUE TO LOW-VOC LEVELS TO INCREASE DEMAND 123
TABLE 66 WATER-BASED CORROSION PROTECTION COATINGS MARKET, BY REGION, 2018–2022 (USD MILLION) 123
TABLE 67 WATER-BASED CORROSION PROTECTION COATINGS MARKET, BY REGION, 2023–2028 (USD MILLION) 124
TABLE 68 WATER-BASED CORROSION PROTECTION COATINGS MARKET, BY REGION, 2018–2022 (KILOTON) 124
TABLE 69 WATER-BASED CORROSION PROTECTION COATINGS MARKET, BY REGION, 2023–2028 (KILOTON) 124
7.4 POWDER-BASED CORROSION PROTECTION COATINGS 125
7.4.1 SUPERIOR PERFORMANCE AND EXCELLENT PROPERTIES TO DRIVE DEMAND 125
TABLE 70 POWDER-BASED CORROSION PROTECTION COATINGS MARKET, BY REGION, 2018–2022 (USD MILLION) 125
TABLE 71 POWDER-BASED CORROSION PROTECTION COATINGS MARKET, BY REGION, 2023–2028 (USD MILLION) 126
TABLE 72 POWDER-BASED CORROSION PROTECTION COATINGS MARKET, BY REGION, 2018–2022 (KILOTON) 126
TABLE 73 POWDER-BASED CORROSION PROTECTION COATINGS MARKET, BY REGION, 2023–2028 (KILOTON) 126
7.5 OTHER TECHNOLOGIES 127
TABLE 74 OTHER TECHNOLOGIES IN CORROSION PROTECTION COATINGS MARKET, BY REGION, 2018–2022 (USD MILLION) 127
TABLE 75 OTHER TECHNOLOGIES IN CORROSION PROTECTION COATINGS MARKET, BY REGION, 2023–2028 (USD MILLION) 127
TABLE 76 OTHER TECHNOLOGIES IN CORROSION PROTECTION COATINGS MARKET, BY REGION, 2018–2022 (KILOTON) 128
TABLE 77 OTHER TECHNOLOGIES IN CORROSION PROTECTION COATINGS MARKET, BY REGION, 2023–2028 (KILOTON) 128
8 CORROSION PROTECTION COATINGS MARKET, BY END-USE INDUSTRY 129
8.1 INTRODUCTION 130
FIGURE 46 OIL & GAS INDUSTRY TO LEAD CORROSION PROTECTION COATINGS MARKET DURING FORECAST PERIOD 130
TABLE 78 CORROSION PROTECTION COATINGS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 130
TABLE 79 CORROSION PROTECTION COATINGS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 131
TABLE 80 CORROSION PROTECTION COATINGS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 131
TABLE 81 CORROSION PROTECTION COATINGS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 132
8.2 MARINE 132
8.2.1 DEMAND FOR LARGE VOLUMES OF COATINGS 132
TABLE 82 CORROSION PROTECTION COATINGS MARKET SIZE IN MARINE INDUSTRY, BY REGION, 2018–2022 (USD MILLION) 133
TABLE 83 CORROSION PROTECTION COATINGS MARKET SIZE IN MARINE INDUSTRY, BY REGION, 2023–2028 (USD MILLION) 133
TABLE 84 CORROSION PROTECTION COATINGS MARKET SIZE IN MARINE INDUSTRY, BY REGION, 2018–2022 (KILOTON) 133
TABLE 85 CORROSION PROTECTION COATINGS MARKET SIZE IN MARINE INDUSTRY, BY REGION, 2023–2028 (KILOTON) 134
8.3 OIL & GAS 134
8.3.1 RAPIDLY GROWING BIO-FUEL INDUSTRY 134
TABLE 86 CORROSION PROTECTION COATINGS MARKET SIZE IN OIL & GAS INDUSTRY, BY REGION, 2018–2022 (USD MILLION) 135
TABLE 87 CORROSION PROTECTION COATINGS MARKET SIZE IN OIL & GAS INDUSTRY, BY REGION, 2023–2028 (USD MILLION) 135
TABLE 88 CORROSION PROTECTION COATINGS MARKET SIZE IN OIL & GAS INDUSTRY, BY REGION, 2018–2022 (KILOTON) 135
TABLE 89 CORROSION PROTECTION COATINGS MARKET SIZE IN OIL & GAS INDUSTRY, BY REGION, 2023–2028 (KILOTON) 136
8.4 PETROCHEMICAL 136
8.4.1 INDIA AND CHINA DRIVING FORCES FOR MARKET 136
TABLE 90 CORROSION PROTECTION COATINGS MARKET SIZE IN PETROCHEMICAL INDUSTRY, BY REGION, 2018–2022 (USD MILLION) 137
TABLE 91 CORROSION PROTECTION COATINGS MARKET SIZE IN PETROCHEMICAL INDUSTRY, BY REGION, 2023–2028 (USD MILLION) 137
TABLE 92 CORROSION PROTECTION COATINGS MARKET SIZE IN PETROCHEMICAL INDUSTRY, BY REGION, 2018–2022 (KILOTON) 137
TABLE 93 CORROSION PROTECTION COATINGS MARKET SIZE IN PETROCHEMICAL INDUSTRY, BY REGION, 2023–2028 (KILOTON) 138
8.5 INFRASTRUCTURE 138
8.5.1 ASIA PACIFIC TO BE STRATEGIC INFRASTRUCTURE MARKET 138
TABLE 94 CORROSION PROTECTION COATINGS MARKET SIZE IN INFRASTRUCTURE INDUSTRY, BY REGION, 2018–2022 (USD MILLION) 139
TABLE 95 CORROSION PROTECTION COATINGS MARKET SIZE IN INFRASTRUCTURE INDUSTRY, BY REGION, 2023–2028 (USD MILLION) 139
TABLE 96 CORROSION PROTECTION COATINGS MARKET SIZE IN INFRASTRUCTURE INDUSTRY, BY REGION, 2018–2022 (KILOTON) 139
TABLE 97 CORROSION PROTECTION COATINGS MARKET SIZE IN INFRASTRUCTURE INDUSTRY, BY REGION, 2023–2028 (KILOTON) 140
8.6 POWER GENERATION 140
8.6.1 POWER GENERATION AMONG FASTEST-GROWING INDUSTRIES IN ASIA PACIFIC 140
TABLE 98 CORROSION PROTECTION COATINGS MARKET SIZE IN POWER GENERATION INDUSTRY, BY REGION, 2018–2022 (USD MILLION) 141
TABLE 99 CORROSION PROTECTION COATINGS MARKET SIZE IN POWER GENERATION INDUSTRY, BY REGION, 2023–2028 (USD MILLION) 141
TABLE 100 CORROSION PROTECTION COATINGS MARKET SIZE IN POWER GENERATION INDUSTRY, BY REGION, 2018–2022 (KILOTON) 141
TABLE 101 CORROSION PROTECTION COATINGS MARKET SIZE IN POWER GENERATION INDUSTRY, BY REGION, 2023–2028 (KILOTON) 142
8.7 WATER TREATMENT 142
8.7.1 INCREASING CONCERNS IN WATER DISPOSAL AND WATER CONSERVATION 142
TABLE 102 CORROSION PROTECTION COATINGS MARKET SIZE IN WATER TREATMENT INDUSTRY, BY REGION, 2018–2022 (USD MILLION) 143
TABLE 103 CORROSION PROTECTION COATINGS MARKET SIZE IN WATER TREATMENT INDUSTRY, BY REGION, 2023–2028 (USD MILLION) 143
TABLE 104 CORROSION PROTECTION COATINGS MARKET SIZE IN WATER TREATMENT INDUSTRY, BY REGION, 2018–2022 (KILOTON) 143
TABLE 105 CORROSION PROTECTION COATINGS MARKET SIZE IN WATER TREATMENT INDUSTRY, BY REGION, 2023–2028 (KILOTON) 144
8.8 OTHER END-USE INDUSTRIES 144
TABLE 106 CORROSION PROTECTION COATINGS MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2018–2022 (USD MILLION) 144
TABLE 107 CORROSION PROTECTION COATINGS MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2023–2028 (USD MILLION) 145
TABLE 108 CORROSION PROTECTION COATINGS MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2018–2022 (KILOTON) 145
TABLE 109 CORROSION PROTECTION COATINGS MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2023–2028 (KILOTON) 145
9 CORROSION PROTECTION COATINGS MARKET, BY REGION 146
9.1 INTRODUCTION 147
9.1.1 GLOBAL RECESSION OVERVIEW 147
FIGURE 47 ASIA PACIFIC COUNTRIES EMERGING AS STRATEGIC LOCATIONS FOR CORROSION PROTECTION COATINGS MARKET 148
TABLE 110 CORROSION PROTECTION COATINGS MARKET, BY REGION, 2018–2022 (USD MILLION) 148
TABLE 111 CORROSION PROTECTION COATINGS MARKET, BY REGION, 2023–2028 (USD MILLION) 148
TABLE 112 CORROSION PROTECTION COATINGS MARKET, BY REGION, 2018–2022 (KILOTON) 149
TABLE 113 CORROSION PROTECTION COATINGS MARKET, BY REGION, 2023–2028 (KILOTON) 149
9.2 ASIA PACIFIC 149
9.2.1 IMPACT OF RECESSION ON ASIA PACIFIC 150
FIGURE 48 ASIA PACIFIC: CORROSION PROTECTION COATINGS MARKET SNAPSHOT 151
TABLE 114 ASIA PACIFIC: CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION) 152
TABLE 115 ASIA PACIFIC: CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION) 152
TABLE 116 ASIA PACIFIC: CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE, 2018–2022 (KILOTON) 152
TABLE 117 ASIA PACIFIC: CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE, 2023–2028 (KILOTON) 153
TABLE 118 ASIA PACIFIC: CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION) 153
TABLE 119 ASIA PACIFIC: CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 153
TABLE 120 ASIA PACIFIC: CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (KILOTON) 154
TABLE 121 ASIA PACIFIC: CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (KILOTON) 154
TABLE 122 ASIA PACIFIC: CORROSION PROTECTION COATINGS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 154
TABLE 123 ASIA PACIFIC: CORROSION PROTECTION COATINGS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 155
TABLE 124 ASIA PACIFIC: CORROSION PROTECTION COATINGS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 155
TABLE 125 ASIA PACIFIC: CORROSION PROTECTION COATINGS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 155
TABLE 126 ASIA PACIFIC: CORROSION PROTECTION COATINGS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 156
TABLE 127 ASIA PACIFIC: CORROSION PROTECTION COATINGS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 156
TABLE 128 ASIA PACIFIC: CORROSION PROTECTION COATINGS MARKET, BY COUNTRY, 2018–2022 (KILOTON) 157
TABLE 129 ASIA PACIFIC: CORROSION PROTECTION COATINGS MARKET, BY COUNTRY, 2023–2028 (KILOTON) 157
9.2.2 CHINA 158
9.2.2.1 Strong manufacturing industries 158
TABLE 130 UPCOMING MEGA PROJECTS IN CHINA 159
9.2.3 INDIA 159
9.2.3.1 Government’s focus on manufacturing sector 159
TABLE 131 UPCOMING MEGA PROJECTS IN INDIA 160
9.2.4 JAPAN 160
9.2.4.1 Presence of well-established industries 160
TABLE 132 UPCOMING MEGA PROJECTS IN JAPAN 161
9.2.5 SOUTH KOREA 162
9.2.5.1 Marine industry among leading global industries 162
9.2.6 INDONESIA 162
9.2.6.1 Increasing investments to drive market 162
9.2.7 THAILAND 163
9.2.7.1 Manufacturing industry to contribute significantly to market growth 163
9.2.8 REST OF ASIA PACIFIC 163
9.3 NORTH AMERICA 164
9.3.1 IMPACT OF RECESSION ON NORTH AMERICA 164
FIGURE 49 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET SNAPSHOT 165
TABLE 133 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION) 166
TABLE 134 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION) 166
TABLE 135 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE, 2018–2022 (KILOTON) 166
TABLE 136 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE, 2023–2028 (KILOTON) 167
TABLE 137 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION) 167
TABLE 138 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 167
TABLE 139 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (KILOTON) 168
TABLE 140 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (KILOTON) 168
TABLE 141 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 168
TABLE 142 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 169
TABLE 143 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 169
TABLE 144 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 169
TABLE 145 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 170
TABLE 146 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 170
TABLE 147 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY COUNTRY, 2018–2022 (KILOTON) 170
TABLE 148 NORTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY COUNTRY, 2023–2028 (KILOTON) 171
TABLE 149 UPCOMING MEGA PROJECTS IN NORTH AMERICA 171
9.3.2 US 172
9.3.2.1 Presence of major manufacturers 172
9.3.3 CANADA 172
9.3.3.1 Environmental regulations to play major role 172
9.3.4 MEXICO 173
9.3.4.1 Private investments, particularly in infrastructure, oil & gas, and energy sectors, to enhance economic growth 173
9.4 EUROPE 173
9.4.1 IMPACT OF RECESSION ON EUROPE 174
FIGURE 50 EUROPE: CORROSION PROTECTION COATINGS MARKET SNAPSHOT 175
TABLE 150 EUROPE: CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION) 176
TABLE 151 EUROPE: CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION) 176
TABLE 152 EUROPE: CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE, 2018–2022 (KILOTON) 176
TABLE 153 EUROPE: CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE, 2023–2028 (KILOTON) 177
TABLE 154 EUROPE: CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION) 177
TABLE 155 EUROPE: CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 178
TABLE 156 EUROPE: CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (KILOTON) 178
TABLE 157 EUROPE: CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (KILOTON) 178
TABLE 158 EUROPE: CORROSION PROTECTION COATINGS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 179
TABLE 159 EUROPE: CORROSION PROTECTION COATINGS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 179
TABLE 160 EUROPE: CORROSION PROTECTION COATINGS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 179
TABLE 161 EUROPE: CORROSION PROTECTION COATINGS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 180
TABLE 162 EUROPE: CORROSION PROTECTION COATINGS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 180
TABLE 163 EUROPE: CORROSION PROTECTION COATINGS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 181
TABLE 164 EUROPE: CORROSION PROTECTION COATINGS MARKET, BY COUNTRY, 2018–2022 (KILOTON) 181
TABLE 165 EUROPE: CORROSION PROTECTION COATINGS MARKET, BY COUNTRY, 2023–2028 (KILOTON) 181
9.4.2 GERMANY 182
9.4.2.1 Leading manufacturer of machinery and chemicals 182
9.4.3 UK 182
9.4.3.1 Sustainable and quality products to increase demand 182
9.4.4 ITALY 183
9.4.4.1 New project finance rules and investment policies 183
9.4.5 FRANCE 183
9.4.5.1 Adoption of innovative technologies 183
9.4.6 TURKEY 184
9.4.6.1 Booming and highly attractive market 184
9.4.7 REST OF EUROPE 184
9.5 MIDDLE EAST & AFRICA 185
9.5.1 IMPACT OF RECESSION ON MIDDLE EAST & AFRICA 185
FIGURE 51 SAUDI ARABIA TO BE LARGEST CORROSION PROTECTION COATINGS MARKET 185
TABLE 166 MIDDLE EAST & AFRICA: CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION) 186
TABLE 167 MIDDLE EAST & AFRICA: CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION) 186
TABLE 168 MIDDLE EAST & AFRICA: CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE, 2018–2022 (KILOTON) 186
TABLE 169 MIDDLE EAST & AFRICA: CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE, 2023–2028 (KILOTON) 187
TABLE 170 MIDDLE EAST & AFRICA: CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION) 187
TABLE 171 MIDDLE EAST & AFRICA: CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 187
TABLE 172 MIDDLE EAST & AFRICA: CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (KILOTON) 188
TABLE 173 MIDDLE EAST & AFRICA: CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (KILOTON) 188
TABLE 174 MIDDLE EAST & AFRICA: CORROSION PROTECTION COATINGS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 188
TABLE 175 MIDDLE EAST & AFRICA: CORROSION PROTECTION COATINGS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 189
TABLE 176 MIDDLE EAST & AFRICA: CORROSION PROTECTION COATINGS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 189
TABLE 177 MIDDLE EAST & AFRICA: CORROSION PROTECTION COATINGS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 189
TABLE 178 MIDDLE EAST & AFRICA: CORROSION PROTECTION COATINGS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 190
TABLE 179 MIDDLE EAST & AFRICA: CORROSION PROTECTION COATINGS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 190
TABLE 180 MIDDLE EAST & AFRICA: CORROSION PROTECTION COATINGS MARKET, BY COUNTRY, 2018–2022 (KILOTON) 190
TABLE 181 MIDDLE EAST & AFRICA: CORROSION PROTECTION COATINGS MARKET, BY COUNTRY, 2023–2028 (KILOTON) 191
9.5.2 SAUDI ARABIA 191
9.5.2.1 Increasing population and urbanization 191
9.5.3 UAE 192
9.5.3.1 Increasing focus on developing regulatory mechanisms and R&D capabilities 192
9.5.4 SOUTH AFRICA 192
9.5.4.1 Surge in demand for coated products 192
9.5.5 REST OF MIDDLE EAST & AFRICA 193
9.6 SOUTH AMERICA 193
FIGURE 52 BRAZIL TO BE LARGEST AND FASTEST-GROWING MARKET 194
TABLE 182 SOUTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION) 194
TABLE 183 SOUTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION) 195
TABLE 184 SOUTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE, 2018–2022 (KILOTON) 195
TABLE 185 SOUTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY RESIN TYPE, 2023–2028 (KILOTON) 195
TABLE 186 SOUTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION) 196
TABLE 187 SOUTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 196
TABLE 188 SOUTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (KILOTON) 196
TABLE 189 SOUTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (KILOTON) 197
TABLE 190 SOUTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 197
TABLE 191 SOUTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 197
TABLE 192 SOUTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 198
TABLE 193 SOUTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 198
TABLE 194 SOUTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 199
TABLE 195 SOUTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 199
TABLE 196 SOUTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY COUNTRY, 2018–2022 (KILOTON) 199
TABLE 197 SOUTH AMERICA: CORROSION PROTECTION COATINGS MARKET, BY COUNTRY, 2023–2028 (KILOTON) 200
9.6.1 BRAZIL 200
9.6.1.1 Easy availability of raw materials 200
9.6.2 ARGENTINA 201
9.6.2.1 Increased projects in infrastructure & construction industry 201
9.6.3 CHILE 201
9.6.3.1 Various sectors driving market demand 201
9.6.4 REST OF SOUTH AMERICA 201
10 COMPETITIVE LANDSCAPE 202
10.1 OVERVIEW 202
TABLE 198 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS 202
10.2 COMPANY EVALUATION QUADRANT MATRIX, 2022 203
10.2.1 STARS 203
10.2.2 EMERGING LEADERS 203
10.2.3 PERVASIVE 203
10.2.4 PARTICIPANTS 203
FIGURE 53 COMPANY EVALUATION MATRIX, 2022 204
10.3 STRENGTH OF PRODUCT PORTFOLIO 205
10.4 SMALL AND MEDIUM-SIZED ENTERPRISES EVALUATION QUADRANT MATRIX, 2022 206
10.4.1 PROGRESSIVE COMPANIES 206
10.4.2 RESPONSIVE COMPANIES 206
10.4.3 STARTING BLOCKS 206
10.4.4 DYNAMIC COMPANIES 206
FIGURE 54 SMALL AND MEDIUM-SIZED ENTERPRISES’ EVALUATION MATRIX, 2022 207
10.5 MARKET SHARE ANALYSIS 207
FIGURE 55 MARKET SHARE, BY KEY PLAYERS (2022) 208
10.6 REVENUE ANALYSIS 208
FIGURE 56 REVENUE ANALYSIS OF TOP PLAYERS, 2018–2022 208
10.6.1 AKZONOBEL NV 208
10.6.2 PPG INDUSTRIES, INC. 209
10.6.3 THE SHERWIN-WILLIAMS COMPANY 209
10.6.4 JOTUN A/S 209
10.7 MARKET RANKING ANALYSIS 209
TABLE 199 MARKET RANKING ANALYSIS, 2022 209
10.8 COMPETITIVE SCENARIO 210
10.8.1 MARKET EVALUATION FRAMEWORK 210
TABLE 200 COMPANY END-USE INDUSTRY FOOTPRINT 210
TABLE 201 COMPANY REGION FOOTPRINT 210
TABLE 202 COMPANY OVERALL FOOTPRINT 210
10.8.2 MARKET EVALUATION MATRIX 211
TABLE 203 STRATEGIC DEVELOPMENTS, BY COMPANY 211
TABLE 204 MOST FOLLOWED STRATEGIES 211
TABLE 205 GROWTH STRATEGIES ADOPTED BY KEY COMPANIES 212
10.9 COMPETITIVE BENCHMARKING 213
TABLE 206 DETAILED LIST OF KEY MARKET PLAYERS 213
TABLE 207 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 213
10.10 STRATEGIC DEVELOPMENTS 214
TABLE 208 PRODUCT LAUNCHES, 2019–2023 214
TABLE 209 DEALS, 2019–2023 216
11 COMPANY PROFILES 221
(Business overview, Products offered, Recent Developments, MNM view)*
11.1 KEY PLAYERS 221
11.1.1 THE SHERWIN-WILLIAMS COMPANY 221
TABLE 210 THE SHERWIN-WILLIAMS COMPANY: COMPANY OVERVIEW 221
FIGURE 57 THE SHERWIN-WILLIAMS COMPANY: COMPANY SNAPSHOT 221
TABLE 211 THE SHERWIN-WILLIAMS COMPANY: PRODUCT LAUNCHES 223
TABLE 212 THE SHERWIN-WILLIAMS COMPANY: DEALS 223
11.1.2 PPG INDUSTRIES INC. 225
TABLE 213 PPG INDUSTRIES INC.: COMPANY OVERVIEW 225
FIGURE 58 PPG INDUSTRIES INC.: COMPANY SNAPSHOT 226
TABLE 214 PPG INDUSTRIES INC.: PRODUCT LAUNCHES 228
TABLE 215 PPG INDUSTRIES INC.: DEALS 229
TABLE 216 PPG INDUSTRIES INC.: OTHERS 229
11.1.3 AKZONOBEL N.V. 231
TABLE 217 AKZONOBEL N.V.: COMPANY OVERVIEW 231
FIGURE 59 AKZONOBEL N.V.: COMPANY SNAPSHOT 231
TABLE 218 AKZONOBEL N.V.: PRODUCT LAUNCHES 234
TABLE 219 AKZONOBEL N.V.: DEALS 234
TABLE 220 AKZONOBEL N.V.: OTHERS 234
11.1.4 JOTUN A/S 236
TABLE 221 JOTUN A/S: COMPANY OVERVIEW 236
FIGURE 60 JOTUN A/S: COMPANY SNAPSHOT 237
TABLE 222 JOTUN A/S: DEALS 242
TABLE 223 JOTUN A/S: OTHERS 243
11.1.5 KANSAI PAINT CO., LTD. 244
TABLE 224 KANSAI PAINT CO. LTD.: COMPANY OVERVIEW 244
FIGURE 61 KANSAI PAINT CO., LTD.: COMPANY SNAPSHOT 244
TABLE 225 KANSAI PAINT CO., LTD.: DEALS 246
11.1.6 AXALTA COATING SYSTEMS LLC 247
TABLE 226 AXALTA COATING SYSTEMS LLC: COMPANY OVERVIEW 247
FIGURE 62 AXALTA COATING SYSTEMS LLC: COMPANY SNAPSHOT 248
TABLE 227 AXALTA COATING SYSTEMS LLC: PRODUCT LAUNCHES 250
TABLE 228 AXALTA COATING SYSTEMS LLC: DEALS 250
11.1.7 HEMPEL A/S 251
TABLE 229 HEMPEL A/S: COMPANY OVERVIEW 251
FIGURE 63 HEMPEL A/S: COMPANY SNAPSHOT 252
TABLE 230 HEMPEL A/S: PRODUCT LAUNCHES 253
TABLE 231 HEMPEL A/S: DEALS 253
TABLE 232 HEMPEL A/S: OTHERS 254
11.1.8 CHUGOKU MARINE PAINTS LTD. 255
TABLE 233 CHUGOKU MARINE PAINTS LTD.: COMPANY OVERVIEW 255
FIGURE 64 CHUGOKU MARINE PAINTS LTD.: COMPANY SNAPSHOT 256
TABLE 234 CHUGOKU MARINE PAINTS LTD.: PRODUCT LAUNCHES 257
11.1.9 NIPPON PAINT HOLDINGS CO., LTD. 258
TABLE 235 NIPPON PAINT HOLDINGS CO. LTD.: COMPANY OVERVIEW 258
FIGURE 65 NIPPON PAINT HOLDINGS CO., LTD.: COMPANY SNAPSHOT 259
TABLE 236 NIPPON PAINT HOLDINGS CO., LTD.: PRODUCT LAUNCHES 261
TABLE 237 NIPPON PAINT HOLDINGS CO., LTD.: DEALS 261
11.1.10 TEKNOS 262
TABLE 238 TEKNOS: COMPANY OVERVIEW 262
FIGURE 66 TEKNOS: COMPANY SNAPSHOT 262
TABLE 239 TEKNOS: PRODUCT LAUNCHES 268
11.2 OTHER PLAYERS 269
11.2.1 NOROO PAINT & COATINGS 269
TABLE 240 NOROO PAINT & COATINGS: COMPANY OVERVIEW 269
11.2.2 DIAMOND VOGEL 271
TABLE 241 DIAMOND VOGEL: COMPANY OVERVIEW 271
11.2.3 GREENKOTE PLC 273
TABLE 242 GREENKOTE PLC: COMPANY OVERVIEW 273
TABLE 243 GREENKOTE PLC: PRODUCT LAUNCHES 273
TABLE 244 GREENKOTE PLC: DEALS 274
11.2.4 RENNER HERRMANN S.A. 274
TABLE 245 RENNER HERRMANN S.A.: COMPANY OVERVIEW 274
11.2.5 NYCOTE LABORATORIES CORPORATION 277
TABLE 246 NYCOTE LABORATORIES: COMPANY OVERVIEW 277
TABLE 247 NYCOTE LABORATORIES CORPORATION: PRODUCT LAUNCHES 278
TABLE 248 NYCOTE LABORATORIES CORPORATION: DEALS 278
11.2.6 O3 GROUP 279
TABLE 249 O3 GROUP: COMPANY OVERVIEW 279
11.2.7 THE MAGNI GROUP, INC. 280
TABLE 250 THE MAGNI GROUP, INC.: COMPANY OVERVIEW 280
11.2.8 SECOA METAL FINISHING 282
TABLE 251 SECOA METAL FINISHING: COMPANY OVERVIEW 282
11.2.9 EONCOAT, LLC 283
TABLE 252 EONCOAT, LLC: COMPANY OVERVIEW 283
11.2.10 DAI NIPPON TORYO CO., LTD. 284
TABLE 253 DAI NIPPON TORYO CO., LTD: COMPANY OVERVIEW 284
11.2.11 ADVANCED NANOTECH LAB 286
TABLE 254 ADVANCED NANOTECH LAB: COMPANY OVERVIEW 286
11.2.12 HUISINS NEW MATERIAL TECHNOLOGY CO. 287
TABLE 255 HUISINS NEW MATERIAL TECHNOLOGY CO.: COMPANY OVERVIEW 287
11.2.13 BLUCHEM 289
TABLE 256 BLUCHEM: COMPANY OVERVIEW 289
11.2.14 SK FORMULATIONS INDIA PVT. LTD. 290
TABLE 257 SK FORMULATIONS INDIA PVT. LTD.: COMPANY OVERVIEW 290
11.2.15 ANCATT INC. 292
TABLE 258 ANCATT INC.: COMPANY OVERVIEW 292
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
12 APPENDIX 293
12.1 DISCUSSION GUIDE 293
12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 296
12.3 CUSTOMIZATION OPTIONS 298
12.4 RELATED REPORTS 298
12.5 AUTHOR DETAILS 299