Demand for corrosion under insulation (CUI) and spray-on insulation (SOI) coating market is expected to be valued at USD 2.1 billion in 2024. The corrosion under insulation (CUI) and spray-on insulation (SOI) coating is predicted to rise at a moderate CAGR of 5.3% from 2024 to 2034. The global market is anticipated to reach USD 3.6 billion by 2034.
Attributes | Key Insights |
---|---|
Estimated Market Size in 2024 | USD 2.1 billion |
Projected Market Value in 2034 | USD 3.6 billion |
Value-based CAGR from 2024 to 2034 | 5.3% |
The corrosion under insulation (CUI) and spray-on insulation (SOI) coating market forecast experienced growth with a CAGR of 6.9% from 2019 to 2023. This growth was primarily driven by increasing industry awareness regarding the importance of corrosion protection and insulation for infrastructure longevity and safety.
Stringent regulatory requirements and a focus on preventive maintenance strategies propelled the demand for high-performance coatings during this period. Technological advancements in coating formulations and application techniques contributed to market expansion, allowing better protection against corrosion and insulation properties.
Looking ahead to the forecasted period from 2024 to 2034, the market is expected to grow at a slightly lower CAGR of 5.3%. This moderated growth rate can be attributed to market maturity, saturation in some regions, and potential economic fluctuations.
Despite the slight decrease in growth rate, the market is anticipated to benefit from ongoing industrialization efforts, infrastructure development projects, and increasing investments in sectors such as energy and construction.
Historical CAGR from 2019 to 2023 | 6.9% |
---|---|
Forecast CAGR from 2024 to 2034 | 5.3% |
The provided table illustrates the top five countries in terms of revenue, with South Korea leading the list. South Korea's robust manufacturing infrastructure and skilled workforce enable efficient production and application of these coatings, meeting the growing demand from various industries such as oil and gas, chemical processing, and power generation.
This combination of innovation, infrastructure, and expertise has positioned South Korea as a CUI and SOI coating market leader, driving its top ranking in the industry.
Countries | Forecast CAGRs from 2024 to 2034 |
---|---|
The United States | 5.5% |
South Korea | 7% |
Japan | 6.7% |
China | 5.9% |
The United Kingdom | 6.5% |
The CUI and SOI coating market in the United States finds significant applications across various industries such as oil and gas, petrochemicals, power generation, and marine.
With extensive infrastructure in these sectors, a substantial need for corrosion protection and insulation to ensure operational efficiency, safety, and regulatory compliance. The vast industrial base, ongoing infrastructure maintenance, and upgrade investments drive the market.
The dominance in the CUI and SOI coating market can be attributed to its strong presence in heavy industries such as shipbuilding, automotive manufacturing, and electronics. These industries rely heavily on corrosion-resistant coatings to protect critical assets from harsh environments and ensure product quality and safety.
The companies are renowned for their technological innovation and high-quality coating solutions, contributing to their leading position in the market.
The CUI and SOI coating markets in Japan are utilized across diverse sectors, including automotive, construction, infrastructure, and electronics. The advanced manufacturing capabilities and strict quality standards drive the demand for high-performance coatings to protect assets from corrosion and provide thermal insulation.
With a focus on sustainability and environmental protection, a growing demand for eco-friendly coating solutions in the Japanese market.
The booming industrial sector, including oil and gas, chemical processing, and construction, fuels the demand for CUI and SOI coatings.
As the country continues to invest in infrastructure development and modernization, there's a rising need for corrosion protection and insulation solutions to ensure the longevity and reliability of critical assets.
Expanding manufacturing capabilities and emphasis on quality and safety standards further drive market growth.
The CUI and SOI coating market in the United Kingdom is crucial in the oil and gas, aerospace, renewable energy, and transportation sectors. With aging infrastructure and stringent regulations, there's a heightened focus on asset maintenance and protection against corrosion-related risks.
The market is driven by ongoing investments in infrastructure upgrades, offshore wind projects, and aerospace advancements, driving the demand for advanced coating solutions.
The below section shows the leading segment. The epoxy type registers at 5.1% CAGR by 2034. Based on end-use industries, the marine segment is anticipated to expand at 4.8% CAGR by 2034.
The ability of epoxy coatings to adhere firmly to surfaces and form a protective barrier against corrosion contributes significantly to their popularity and widespread use in the market.
With increasing maritime activities such as international trade, offshore exploration, and renewable energy projects, there's a heightened need to protect vessels, offshore structures, and marine equipment from the corrosive effects of saltwater and harsh marine environments.
Category | CAGR from 2024 to 2034 |
---|---|
Epoxy | 5.1% |
Marine | 4.8% |
The epoxy type segment is poised to lead the Corrosion under Insulation (CUI) and Spray-on Insulation (SOI) Coating Market with a forecasted CAGR of 5.1% by 2034.
Epoxy coatings are favored for their excellent adhesion, chemical resistance, and durability, making them suitable for various applications across industries such as oil and gas, marine, automotive, and infrastructure.
The increasing adoption of epoxy coatings can be attributed to their superior performance in providing corrosion protection and insulation, particularly in harsh environments and demanding operational conditions.
Ongoing advancements in epoxy formulations, including developing low-VOC and environmentally-friendly options, are expected to further drive market growth in this segment.
The marine segment is anticipated to significantly expand within the end-use industries, with a forecasted CAGR of 4.8% by 2034.
The marine industry relies heavily on corrosion protection coatings to safeguard vessels, offshore structures, and marine equipment from the corrosive effects of saltwater exposure and harsh marine environments.
As maritime activities continue to grow globally, driven by increasing international trade, offshore exploration, and offshore wind energy projects, there is a heightened demand for high-performance coatings in the marine sector.
The anticipated expansion of the marine segment underscores the critical role of corrosion under insulation (CUI) and spray-on insulation (SOI) coatings in ensuring marine assets longevity, safety, and operational efficiency.
The competitive landscape of the corrosion under insulation (CUI) and spray-on insulation (SOI) coating industry is characterized by a mix of global and regional players. These companies compete based on product innovation, technological advancements, product quality, and pricing strategies.
Strategic collaborations, mergers and acquisitions, and geographical expansions are common strategies market players employ to strengthen their market presence and gain a competitive edge in the rapidly evolving CUI and SOI coating market.
Key Market Developments
Attributes | Details |
---|---|
Estimated Market Size in 2024 | USD 2.1 billion |
Projected Market Valuation in 2034 | USD 3.6 billion |
Value-based CAGR 2024 to 2034 | 5.3% |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Market Analysis | Value in USD billion |
Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
Key Market Segments Covered | Type, End-use Industries, Region |
Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, Italy, France, United Kingdom, Spain, Russia, BENELUX, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC countries |
Key Companies Profiled | Akzo Nobel N.V.; PPG Industries Inc.; Jotun A/S; The Sherwin-Williams Company; Hempel A/S; Kansai Paint Co., Ltd; Nippon Paint Co., Ltd.; RPM International Inc.; Tnemec Company Inc.; SPI Performance Coatings |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Volume (Tons) Forecast by Region, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 4: Global Market Volume (Tons) Forecast by Type, 2019 to 2034
Table 5: Global Market Value (US$ Million) Forecast by End-Use Industries, 2019 to 2034
Table 6: Global Market Volume (Tons) Forecast by End-Use Industries, 2019 to 2034
Table 7: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 8: North America Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 9: North America Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 10: North America Market Volume (Tons) Forecast by Type, 2019 to 2034
Table 11: North America Market Value (US$ Million) Forecast by End-Use Industries, 2019 to 2034
Table 12: North America Market Volume (Tons) Forecast by End-Use Industries, 2019 to 2034
Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 14: Latin America Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 15: Latin America Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 16: Latin America Market Volume (Tons) Forecast by Type, 2019 to 2034
Table 17: Latin America Market Value (US$ Million) Forecast by End-Use Industries, 2019 to 2034
Table 18: Latin America Market Volume (Tons) Forecast by End-Use Industries, 2019 to 2034
Table 19: Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 20: Europe Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 21: Europe Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 22: Europe Market Volume (Tons) Forecast by Type, 2019 to 2034
Table 23: Europe Market Value (US$ Million) Forecast by End-Use Industries, 2019 to 2034
Table 24: Europe Market Volume (Tons) Forecast by End-Use Industries, 2019 to 2034
Table 25: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 26: East Asia Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 27: East Asia Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 28: East Asia Market Volume (Tons) Forecast by Type, 2019 to 2034
Table 29: East Asia Market Value (US$ Million) Forecast by End-Use Industries, 2019 to 2034
Table 30: East Asia Market Volume (Tons) Forecast by End-Use Industries, 2019 to 2034
Table 31: South Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 32: South Asia Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 33: South Asia Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 34: South Asia Market Volume (Tons) Forecast by Type, 2019 to 2034
Table 35: South Asia Market Value (US$ Million) Forecast by End-Use Industries, 2019 to 2034
Table 36: South Asia Market Volume (Tons) Forecast by End-Use Industries, 2019 to 2034
Table 37: Oceania Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 38: Oceania Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 39: Oceania Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 40: Oceania Market Volume (Tons) Forecast by Type, 2019 to 2034
Table 41: Oceania Market Value (US$ Million) Forecast by End-Use Industries, 2019 to 2034
Table 42: Oceania Market Volume (Tons) Forecast by End-Use Industries, 2019 to 2034
Table 43: MEA Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 44: MEA Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 45: MEA Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 46: MEA Market Volume (Tons) Forecast by Type, 2019 to 2034
Table 47: MEA Market Value (US$ Million) Forecast by End-Use Industries, 2019 to 2034
Table 48: MEA Market Volume (Tons) Forecast by End-Use Industries, 2019 to 2034
Figure 1: Global Market Value (US$ Million) by Type, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by End-Use Industries, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 5: Global Market Volume (Tons) Analysis by Region, 2019 to 2034
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 8: Global Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 9: Global Market Volume (Tons) Analysis by Type, 2019 to 2034
Figure 10: Global Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 11: Global Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 12: Global Market Value (US$ Million) Analysis by End-Use Industries, 2019 to 2034
Figure 13: Global Market Volume (Tons) Analysis by End-Use Industries, 2019 to 2034
Figure 14: Global Market Value Share (%) and BPS Analysis by End-Use Industries, 2024 to 2034
Figure 15: Global Market Y-o-Y Growth (%) Projections by End-Use Industries, 2024 to 2034
Figure 16: Global Market Attractiveness by Type, 2024 to 2034
Figure 17: Global Market Attractiveness by End-Use Industries, 2024 to 2034
Figure 18: Global Market Attractiveness by Region, 2024 to 2034
Figure 19: North America Market Value (US$ Million) by Type, 2024 to 2034
Figure 20: North America Market Value (US$ Million) by End-Use Industries, 2024 to 2034
Figure 21: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 22: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 23: North America Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 26: North America Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 27: North America Market Volume (Tons) Analysis by Type, 2019 to 2034
Figure 28: North America Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 29: North America Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 30: North America Market Value (US$ Million) Analysis by End-Use Industries, 2019 to 2034
Figure 31: North America Market Volume (Tons) Analysis by End-Use Industries, 2019 to 2034
Figure 32: North America Market Value Share (%) and BPS Analysis by End-Use Industries, 2024 to 2034
Figure 33: North America Market Y-o-Y Growth (%) Projections by End-Use Industries, 2024 to 2034
Figure 34: North America Market Attractiveness by Type, 2024 to 2034
Figure 35: North America Market Attractiveness by End-Use Industries, 2024 to 2034
Figure 36: North America Market Attractiveness by Country, 2024 to 2034
Figure 37: Latin America Market Value (US$ Million) by Type, 2024 to 2034
Figure 38: Latin America Market Value (US$ Million) by End-Use Industries, 2024 to 2034
Figure 39: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 41: Latin America Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 44: Latin America Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 45: Latin America Market Volume (Tons) Analysis by Type, 2019 to 2034
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 48: Latin America Market Value (US$ Million) Analysis by End-Use Industries, 2019 to 2034
Figure 49: Latin America Market Volume (Tons) Analysis by End-Use Industries, 2019 to 2034
Figure 50: Latin America Market Value Share (%) and BPS Analysis by End-Use Industries, 2024 to 2034
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by End-Use Industries, 2024 to 2034
Figure 52: Latin America Market Attractiveness by Type, 2024 to 2034
Figure 53: Latin America Market Attractiveness by End-Use Industries, 2024 to 2034
Figure 54: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 55: Europe Market Value (US$ Million) by Type, 2024 to 2034
Figure 56: Europe Market Value (US$ Million) by End-Use Industries, 2024 to 2034
Figure 57: Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 58: Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 59: Europe Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 60: Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 61: Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 62: Europe Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 63: Europe Market Volume (Tons) Analysis by Type, 2019 to 2034
Figure 64: Europe Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 65: Europe Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 66: Europe Market Value (US$ Million) Analysis by End-Use Industries, 2019 to 2034
Figure 67: Europe Market Volume (Tons) Analysis by End-Use Industries, 2019 to 2034
Figure 68: Europe Market Value Share (%) and BPS Analysis by End-Use Industries, 2024 to 2034
Figure 69: Europe Market Y-o-Y Growth (%) Projections by End-Use Industries, 2024 to 2034
Figure 70: Europe Market Attractiveness by Type, 2024 to 2034
Figure 71: Europe Market Attractiveness by End-Use Industries, 2024 to 2034
Figure 72: Europe Market Attractiveness by Country, 2024 to 2034
Figure 73: East Asia Market Value (US$ Million) by Type, 2024 to 2034
Figure 74: East Asia Market Value (US$ Million) by End-Use Industries, 2024 to 2034
Figure 75: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 76: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 77: East Asia Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 78: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 79: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 80: East Asia Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 81: East Asia Market Volume (Tons) Analysis by Type, 2019 to 2034
Figure 82: East Asia Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 83: East Asia Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 84: East Asia Market Value (US$ Million) Analysis by End-Use Industries, 2019 to 2034
Figure 85: East Asia Market Volume (Tons) Analysis by End-Use Industries, 2019 to 2034
Figure 86: East Asia Market Value Share (%) and BPS Analysis by End-Use Industries, 2024 to 2034
Figure 87: East Asia Market Y-o-Y Growth (%) Projections by End-Use Industries, 2024 to 2034
Figure 88: East Asia Market Attractiveness by Type, 2024 to 2034
Figure 89: East Asia Market Attractiveness by End-Use Industries, 2024 to 2034
Figure 90: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 91: South Asia Market Value (US$ Million) by Type, 2024 to 2034
Figure 92: South Asia Market Value (US$ Million) by End-Use Industries, 2024 to 2034
Figure 93: South Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 94: South Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 95: South Asia Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 96: South Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 97: South Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 98: South Asia Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 99: South Asia Market Volume (Tons) Analysis by Type, 2019 to 2034
Figure 100: South Asia Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 101: South Asia Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 102: South Asia Market Value (US$ Million) Analysis by End-Use Industries, 2019 to 2034
Figure 103: South Asia Market Volume (Tons) Analysis by End-Use Industries, 2019 to 2034
Figure 104: South Asia Market Value Share (%) and BPS Analysis by End-Use Industries, 2024 to 2034
Figure 105: South Asia Market Y-o-Y Growth (%) Projections by End-Use Industries, 2024 to 2034
Figure 106: South Asia Market Attractiveness by Type, 2024 to 2034
Figure 107: South Asia Market Attractiveness by End-Use Industries, 2024 to 2034
Figure 108: South Asia Market Attractiveness by Country, 2024 to 2034
Figure 109: Oceania Market Value (US$ Million) by Type, 2024 to 2034
Figure 110: Oceania Market Value (US$ Million) by End-Use Industries, 2024 to 2034
Figure 111: Oceania Market Value (US$ Million) by Country, 2024 to 2034
Figure 112: Oceania Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 113: Oceania Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 114: Oceania Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 115: Oceania Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 116: Oceania Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 117: Oceania Market Volume (Tons) Analysis by Type, 2019 to 2034
Figure 118: Oceania Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 119: Oceania Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 120: Oceania Market Value (US$ Million) Analysis by End-Use Industries, 2019 to 2034
Figure 121: Oceania Market Volume (Tons) Analysis by End-Use Industries, 2019 to 2034
Figure 122: Oceania Market Value Share (%) and BPS Analysis by End-Use Industries, 2024 to 2034
Figure 123: Oceania Market Y-o-Y Growth (%) Projections by End-Use Industries, 2024 to 2034
Figure 124: Oceania Market Attractiveness by Type, 2024 to 2034
Figure 125: Oceania Market Attractiveness by End-Use Industries, 2024 to 2034
Figure 126: Oceania Market Attractiveness by Country, 2024 to 2034
Figure 127: MEA Market Value (US$ Million) by Type, 2024 to 2034
Figure 128: MEA Market Value (US$ Million) by End-Use Industries, 2024 to 2034
Figure 129: MEA Market Value (US$ Million) by Country, 2024 to 2034
Figure 130: MEA Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 131: MEA Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 132: MEA Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 133: MEA Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 134: MEA Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 135: MEA Market Volume (Tons) Analysis by Type, 2019 to 2034
Figure 136: MEA Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 137: MEA Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 138: MEA Market Value (US$ Million) Analysis by End-Use Industries, 2019 to 2034
Figure 139: MEA Market Volume (Tons) Analysis by End-Use Industries, 2019 to 2034
Figure 140: MEA Market Value Share (%) and BPS Analysis by End-Use Industries, 2024 to 2034
Figure 141: MEA Market Y-o-Y Growth (%) Projections by End-Use Industries, 2024 to 2034
Figure 142: MEA Market Attractiveness by Type, 2024 to 2034
Figure 143: MEA Market Attractiveness by End-Use Industries, 2024 to 2034
Figure 144: MEA Market Attractiveness by Country, 2024 to 2034
As of 2024, the market for corrosion under insulation (CUI) and spray-on insulation (SOI) coating is expected to be valued at USD 2.1 billion.
By 2034, the market value of the corrosion under insulation (CUI) and spray-on insulation (SOI) coating is expected to reach USD 3.6 billion.
From 2024 to 2034, the CUI and SOI coating market is expected to flourish at a CAGR of 5.3%
The epoxy segment is expected to expand at 5.1% CAGR by 2034.
South Korea is likely the top-performing market, with a CAGR of 7%.
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