Lining Market

Lining Market: Polymer Lining to Gain Significant Traction Among All Product Types: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028

  • 2018-08-28
  • REP-GB-7246
  • 258 pages
  • Format: PDF/PPT/Excel

An Incisive, In-depth Analysis on the Lining Market

This study offers a comprehensive, 360 degree analysis on the Lining market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Lining 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.

Linings are insulating and protective layers applied inside a tank, pipeline and/or furnace. Tank linings provide corrosion control for the substrate and maintain the purity of the stored product. The linings increase the service life of the substrate while also guaranteeing optimum product storage quality. Forming an impermeable barrier between the substrate and stored liquid, the linings provide corrosion resistance and help in maintaining the toughness of the substrate. Linings are used in several applications, such as marine, oil & gas, power generation, chemical industry, automotive, construction and mining and metal processing, among others.

The global linings market is estimated to be valued at US$ 3,958.7 Mn by 2018 end and is expected to reach US$ 5,820.8 Mn by 2028 end while expanding at a CAGR of 3.9% over the forecast period. The global linings market is anticipated to represent incremental opportunity of US$ 1,862.1 Mn between 2018 and 2028.

Marine and Chemical Industry Segments to Register Significant Value and Volume CAGR Among All End Use Segments

Linings market is mainly being driven by fast paced industrialization and growing marine trade. Though growing at a sluggish rate, seaborne trade still makes up around 80% to the total international trade volume and over 70% to the total international trade value. Marine trade is the most cost effective way of transporting heavy and bulk goods, especially liquid cargo, around the world. The global shipbuilding industry is also experiencing an upward surge. The Shipbuilding industry is involved in the designing and manufacturing of new vessels and maintenance, repair and overhaul (MRO) services of existing ones. Since both newer and older marine vessels are due for maintenance, the demand in the linings market is estimated to grow at a fast pace. Further, the chemical industry generated a revenue of over US $3.5 trillion and is estimated to grow at a CAGR of 3% and reach a value of over US$ 5.05 trillion by the end of 2028. Setting up new facilities and increasing the volumetric production capacity of existing plants, especially in Asia Pacific countries, such as China, India and ASEAN countries, will be a contributing factor to this growth and eventually help drive the linings market over the forecast period. Thus, increasing industrialization will help drive the linings market over the forecast period.

Apart from this, the linings market is experiencing volatile alterations in raw material prices, especially for epoxy and polyurethane, which sets an auxiliary pressure on the manufacturers and suppliers to increase the prices of finished linings goods. Also, environmental regulations across the world over VOC content of linings may potentially hinder the growth of linings market throughout the forecast period.

Waterborne Segment Is Expected to Grow at a Decent pace over the Forecast Period

On the basis of chemistry, the solventborne segment accounted for 58.6% of volume share in 2017 whereas waterborne and powder based linings accounted for the remaining share. Growing demand for waterborne linings due to growing environmental regulations and consumer awareness will drive the linings market globally. As a result, a shift from solventborne linings to waterborne linings will be witnessed during the forecast period.

By Product Type, Epoxy Linings Market Is Expected to Register High Value –Volume Growth over the Forecast Period

Due to its excellent resistance to various chemicals, epoxy linings have always witnessed greater demand among all product types. Currently, epoxy linings hold a major market share in the global linings market. With technological advancements and the shift from solventborne to waterborne linings, epoxy linings have been well developed and are estimated to grow at a CAGR of 3.9% in the global linings market in terms of volume throughout 2028 – 2028.

China Dominates Market; Western European and Eastern European Countries Tipped to Be High Growth Markets by the End of Forecast Period

The China linings market accounted for a value share of 35.3% in 2018 and is forecast to maintain its dominance in the global linings market over the forecast period. The Europe and India linings markets are projected to represent steady incremental opportunity between 2018 and 2028, while the North America linings market is estimated to expand at significant CAGR in terms of value – volume over the forecast period.


Key Players

Some of the players reported in this study on the Global Linings market include The Jotun Group, The Sherwin Williams Company, Hempel A/S, Akzo Nobel N.V., Polycorp Ltd., Teknos Group, GBT-BÜCOLIT GmbH, STEULER-KCH GmBH, Ultimate Linings, Ltd., Sauereisen, Inc., Solvay SA, and PPG Industries, Inc.

The report titled “Linings Market: Global Industry Analysis 2013-2017 and Opportunity Assessment, 2018–2028” offers detailed insights and in-depth research on the linings market on a global level. The report covers the important factors driving the growth of the market, untapped opportunities for the manufacturers, trends and developments shaping the dynamics of the linings market and other insights across key segments.

The linings market is categorically divided into four segments based on product type, chemistry, end use and region. The linings market value throughout the segments has been taken in US$ Mn and the market volume has been identified in tonnes for all segments. The report identifies the drivers and restraints affecting the growth of the linings market. Changing trends and consumer preference patterns have also been analysed and incorporated in the report to equip the client with exhaustive information about the linings market, resulting in better decision making. Macroeconomic factors that directly or indirectly affect the growth of the linings market have also been presented in the report.

Report Description

Towards the final section of the report, competitive landscape has been included to provide report audiences with a dashboard view. The report provides detailed market share analysis of linings market on the basis of prominent manufacturers in the linings market. Comprehensive profiles of manufacturers have also been included within the scope of the report to evaluate strategies, key offerings and recent developments in the linings market.

The linings market is segmented as given below:

By Product Type:

  • Polymer

    • Epoxy

    • Polyurethane

    • Acrylic

    • Alkyd

    • Fluoropolymer

    • Vinyl Ester & Flake-Filled Ester

  • Rubber

  • Ceramic & Carbon Brick Line

  • Tile Lining

By Chemistry:

  • Solvent borne

  • Waterborne

  • Powder

By End Use:

  • Marine

  • Oil & Gas

  • Construction

  • Power Generation

  • Chemical Industry

  • Automotive

  • Mining and Metal Processing

  • Others

By Region:

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • SEA

  • MEA

  • China

  • Japan

  • India

Research Methodology

The volume of the Linings market has been inferred through in depth secondary research and validated from industry experts through primary interviews. Each interview was thoroughly analysed and average market volume was deduced and reconfirmed and then incorporated in the report. The prices of Linings have been deduced through product type, where the average price of each product has been inferred across all nine regions. Market value of linings market has been calculated from the data provided by the average selling price and market volume.

For the ten year forecast of the linings market, various macroeconomic factors and changing trends have been observed, which give an idea about the future of the linings market. Other important factors considered to arrive at linings market forecast are the size of the current linings market, inputs from the supply side and demand side and other dynamics shaping the scenario of the linings market.

The forecast has been conducted in terms of CAGR, while other important criteria, such as year-on-year growth and absolute dollar opportunity, have also been incorporated presenting the client with crystal clear insights and future opportunities in the linings market.

Other important parameters, such as market attractiveness index and impact analysis of drivers and restraints, for each region have been included in this report that provide insights about the dynamics, growth, performance and untapped opportunities in the Linings market. In-depth profiling of prominent linings manufacturers has been included in the final section of the report, detailing the strengths, weaknesses and competitive strategies of each linings manufacturer.

Some of the key market participants included in the “LININGS Market: Global Industry Analysis 2013-2017 and Opportunity Assessment, 2018-2028” report are The Jotun Group, The Sherwin Williams Company, Hempel A/S, Akzo Nobel N.V., Polycorp Ltd., Teknos Group, GBT-BÜCOLIT GmbH, STEULER-KCH GmBH, Ultimate Linings, Ltd., Sauereisen, Inc., Solvay SA, PPG Industries, Inc.

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