Corrosion Protection Polymer Coating Market
Corrosion Protection Polymer Coating Market: Epoxies to Lose Traction as a Product: Global Industry Analysis (2012 - 2016) & Opportunity Assessment (2017 - 2022)
- 2017-09-19
- REP-GB-5002
- 170 pages
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An Incisive, In-depth Analysis on the Corrosion Protection Polymer Coating Market
This study offers a comprehensive, 360 degree analysis on the Corrosion Protection Polymer Coating market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Corrosion Protection Polymer Coating market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
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Request Covid -19 ImpactAccording to Future Market Insights, the global market for corrosion protection polymer coatings is anticipated to register a steady CAGR over the forecast period, 2017-2022. Towards the end of 2022, the global corrosion protection polymer coating market is anticipated to rake more than US$ 19.5 Bn in revenues. In terms of production and end-use, the Asia-Pacific excluding Japan (APEJ) region is poised to remain the largest market for corrosion protection polymer coatings in the near future.
Demand for Epoxy Coatings to Dwindle through 2022
In 2017, epoxies will be observed as the largest product being sold in the global corrosion protection polymer coating market. Despite their sales accounting for nearly two-fifth share on global revenues, the demand for corrosion protection epoxy coatings is expected to plummet towards the latter half of the forecast period. The report projects that epoxies will reflect a sluggish CAGR of 4.2% during the forecast period.
On the other hand, vinyl esters & flake-filled vinyl esters will register impressive growth in terms of global demand. However, these products are anticipated to contribute a little over 3% share on global revenues by the end of 2017. Meanwhile, fluoropolymer coatings are poised to record fastest growth in terms of revenues, while acrylic coatings and alkyd coatings will register similar CAGRs through 2022.
Increasing End-use in Oil & Gas industry
As the global oil and gas sector strives to gain stability in the midst of erratic oil price fluctuations, it continues to boost the need for effective corrosion protection coatings made of polymers. The end-use of corrosion protection polymer coatings in oil & gas companies is expected to rev up in the near future. These coatings are anticipated to be integrated as key materials used for covering all kinds of industrial surfaces; from oilfield pipelines to refineries. Corrosion protection polymer coatings sold in the oil & gas industry will translate a subpar share on revenues of the global market, but these revenues are anticipated to record fastest growth compared to other end-user industries. By the end of 2022, the end-use of corrosion protection polymer coating in oil & gas industry is anticipated to rake revenues worth nearly US$ 3 Bn. To the contrary, transportation and mining & metallurgy end-uses of corrosion protection polymer coatings will record a sluggish growth, compelling manufacturers to shift their focus accordingly.
Powdered Corrosion Protection Polymer Coatings to Lose Traction
On the basis of form, powdered corrosion protection polymer coatings are anticipated to incur a considerable decline in the global market. Production of powder-based corrosion protection polymer coatings continues to remain conventionally difficult, compared to other forms, and manufacturers are also facing challenges in terms of their end-uses. These coatings involve intrinsic workmanship while applying them on hard spots and isolated industrial surfaces. Moreover, powder-based corrosion protection polymer coatings cannot be mixed with additives, and their shortcoming in providing upgraded resistance against chemical abrasion is expected to lower their demand. Between 2017 and 2022, powder-based corrosion protection polymer coatings are anticipated to create an incremental opportunity of not more than US$ 652 Mn in the global market.
Competition Tracking
Key players partaking in the growth of global corrosion protection polymer coating market are profiled in the report. Companies namely, Polycorp Limited, Koch Knight LLC, STEULER - KCH GmbH, Akzo Nobel NV, Jotun A/S, Axalta Coating Systems, Ashland Global Holdings, Inc., The Sherwin Williams Company, PPG Industries, Inc., and BASF Coating GmbH are anticipated to remain active in expansion of global corrosion protection polymer coating market through 2022. A majority of these companies are anticipated to focus on enhancing their production techniques to lower the adverse imprint of corrosion protection polymer coating manufacturing on global environment.
Future Market Insights delivers an exclusive forecast & analysis on the global market for corrosion protection polymer coatings in the report, titled “Corrosion Protection Polymer Coating Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2022).” The report offers an in-depth analysis on the corrosion protection polymer coating market by examining global trends and manufacturing practices for the assessment period, 2017-2022. In this report, revenues procured by key market players for the past five years have been aggregated to generate historical data, which serves as a reference point for deriving market forecast and assessing growth opportunities. Market size estimations offered in this report can be inferred for understanding the future of corrosion protection polymer coatings for being key industrial materials.
Our analysts have examined the nature of the market, and studied the distinctive strategies adopted by market players for developing a pragmatic outlook on the global corrosion protection polymer coating market. Analysis offered in this report decodes each and every causative factor influencing the changing dynamics of corrosion protection polymer coating market. From industry trends and untapped opportunities to growth restraints and economic drivers, the report has analysed the global corrosion protection polymer coating market across multiple parameters.
Report Structure
The report starts with an executive summary, highlighting key research findings on the growth of global corrosion protection polymer coating market, particularly with respect to its regional expansion. An overview of the market is included in the report, wherein a formal introduction to the market and a standard definition of “corrosion protection polymer coating” is provided. This section also offers an illustrative overview on the forecast of global corrosion protection polymer coating market by using metrics such as compounded annual growth rates (CAGRs) and Year-on-Year (Y-o-Y) growth rates.
Further, the report offers distinguished sections on macroeconomic analysis of the market, analysing the key factors influencing corrosion protection polymer coatings sales across the globe. Analysis on cost structure, pricing, supply chain, and product life cycle is also offered in this section. The report also delivers an intensity map, plotting the presence of market participants across all the regions analysed in this report.
Key chapters in this report offer a segmented analysis on the global corrosion protection polymer coating market. By considering the wide scope of corrosion protection polymer coatings as an industrial material, the market has been segmented on the basis of product-type, end-use, form, and region. The report is developed on a fragmented structure model, and hence, market size estimations offered in the segmented analysis also provide cross-sectional data and country-wise forecast & analysis.
The report concludes with a detailed profiling on key market participants. This section puts forth the all-inclusive competitive background of the global corrosion protection polymer coating market, enlisting strategic developments of companies and revealing their current market standings.
Market Taxonomy
A concise taxonomy of the global corrosion protection polymer coating market has been summarized below:
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Research Methodology
Future Market Insights has employed substantiated research methodologies in development of this market study. Quantitative data procured from systematic formulation of market size estimations through custom-made calculations has been infused with qualitative information derived from analysing the market’s subjective undercurrents. For the greater understanding, the report has offered market size estimations in US dollars (US$) by converting regional market values through 2017 currency exchange rates. Apart from CAGRs and Y-o-Y growth rates, the report also offers analytical forecast under metrics such as Basis Points Share (BPS) index, absolute dollar opportunities and revenue share percentages. The scope of the report is to enable participants in the global corrosion protection polymer coating market devise long-term strategies to consolidate their future by referring to the research findings offered.
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