Acumen Research and Consulting Anti-Corrosion Paint Market | Page 3

adopting powder coating to provide long term exterior finishes for outdoor venues and public works projects. The cost effectiveness of the powder coating development have made it a go to finishing performance for applications across a variety of industries. Powder based anti-corrosion paints process are more advanced and specialized in the manufacturing industry, but the application of powder based paints has cover the corner of manufacturing industry. The largest portion is covered by the appliance industry of the powder coating market, accounting for about one third portion of all application in industries. Powder coating held largest market share in this segment due to its two advantages of being both ravishing as well as resistant to abrasion and corrosion. Asia-Pacific Dominated the Demand For Anti-Corrosion Paint Market Asia Pacific dominated the global anti-corrosion paint in 2017 and expected to grow at the fastest CAGR through the forecasted period (2018-2025). Rise in number of population and gross income of consumers in developing countries such as China, and India are likely to spur the development of marine, oil & gas, and power generation sectors; continued need for the maintenance in accelerating energy, and automotive industry demand in various regions in Asia Pacific are the driving anti-corrosion paint market. It is anticipated to raise demand for better performance anti-corrosion paints due to their extensive use in industrial sectors. Regulations of government are expected to encourage the utilization of anti-corrosion paint in several sectors such as construction, and power generations. Developing countries such as India is in the need for high quality infrastructure and China is one of the largest consumers as well as the major producer of anti-corrosion paint. Explore Our Market Blog@ https://www.acumenresearchandconsulting.com/blogs Global Presence of Anti-Corrosion Market The second largest market share is held by North America, mainly the U.S and Canada has a largest contribution to the anti-corrosion paint market. Would like to place an order or any question, please feel free to contact at [email protected] | [phone]