The global Corrosion Protection Coatings Market size is projected to grow from USD 6.9 billion in 2020 to USD 8.9 billion by 2025, at a CAGR of 5.3%.Worldwide, corrosion causes huge financial losses in many industries.
Browse 111 market data Tables and 66 Figures spread through 236 Pages and in-depth TOC on “Corrosion Protection Coating Market by Type (Epoxy, Polyurethane, Acrylic, Alkyd, Zinc, Chlorinated Rubber), Technology (Solvent, Water, Powder), End-Use Industry (Marine, Oil & Gas, Petrochemical, Infrastructure), And Region – Global Forecast to 2025”
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APAC is the hub of foreign investment and booming industrial sectors largely due to the low-cost labor and cheap availability of lands. An increase in the demand for corrosion protection coatings can be largely attributed to the growing industrial, infrastructure & construction, marine, and oil & gas industries. APAC has a growing power industry that is likely to drive the market for corrosion protection coatings. India produces most of its power through coal and is planning to increase solar energy generation with newer solar projects increasing the generation by 2025. These factors contribute to the rising demand for corrosion protection coatings in APAC.
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PPG Industries is the second most active company in the corrosion protection coatings market. The company manufactures and distributes industrial and automotive coatings to manufacturing companies, adhesives & sealants to the automotive industry, metal pretreatments & related chemicals for industrial and automotive applications, and packaging coatings to aerosol, food, and beverage container manufacturers. PPG also delivers protective coating solutions for a wide range of industries.
Major players operating in the corrosion protection coatings market include Akzo Nobel N.V. (Netherlands), PPG Industries, Inc., (US), Jotun A/S (Norway), The Sherwin-Williams Company (US), Kansai Paint Co., Ltd (Japan), Hempel A/S (Denmark), Chugoku Marine Paints (Japan), Axalta Coating Systems (US), Nippon Paint Co., Ltd. (Japan) and Teknos (Finland).
Read More Information At https://www.openpr.com/news/2300366/corrosion-protection-coatings-market-worth-8-9-billion-by-2025
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