Excerpts on Anticorrosion Coatings Market Growth Factors
Suppliers are working in the development of new improved product
performance, by reducing the pricing factor coupled with product
differentiation. This new entrant in the industry is prone to such fears
for competitors and will be seen at a high growth rate.
The increasing oil and gas drilling and exploration activities in the
recent past have been the indirect cause of the rising consumption of
high performance anti-corrosion coatings. The upsurge of these
activities has led to an urgent need for maintenance in the industrial
equipment. This has spurred the demand for protective coatings that
improve the lifespan of metal surfaces and prevent it from corroding or
getting damaged due to weathering and harsh climatic conditions.
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