TMR_Research_Reports_2017 High Performance Anti-corrosion Coatings Industry | Page 2

High Performance Anti-corrosion
Coatings Market
REPORT DESCRIPTION
High Performance Anti-corrosion Coatings Market - Global Industry
Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023
A recent study by Transparency Market Research (TMR) has detected that the global high-
performance anti-corrosion market is moderately consolidated with four companies accounting for
59.7% shares in 2014. These four companies are Nippon Paint Co., Ltd., Akzo Nobel N.V., The
Sherwin-Williams Company, and PPG Industries Inc. These leaders of the high performance anti-
corrosion market, as well as other prominent players, actively indulge in strategic collaborations with
domestic vendors and expand their production facilities in order to maintain their stronghold. For
example, 3M Company recently collaborated with Russell NDE/PICA Corporations in order to gain
strength for its country-wise markets of the U.S., the U.K., and Canada.
The TMR report evaluates that the global high performance anti-corrosion coatings market was worth
US$11.94 bn in 2014, and estimates it to reach a valuation of US$18.22 bn by the end of 2023,
incrementing at a CAGR of 4.8% during the forecast period of 2015 to 2023. This expanding demand
is a reflection of thriving infrastructural development in several emerging economies, which has
opened opportunities for the stakeholders of the market for high performance anti-corrosion coatings.
Browse Market Research Report @
http://www.transparencymarketresearch.com/high-performance-anticorrosion-
coatings-market.html
Asia Pacific Driving Epoxy Coatings Market
Product-wise, the global high performance anti-corrosion coatings market is segmented into epoxy
coatings, acrylic coatings, urethane coatings, and others such as alkyd coatings. Among these, epoxy
coatings currently serves the maximum demand, which is a reflection of rapid urbanization in several
developing countries in Asia Pacific such as India and China, Latin America, and the Middle East and
Africa. In the construction industry, epoxy coatings are used to preserve steel pipes and for flooring
applications in building structures such as hospitals, showrooms, retail stores, and warehouses. The
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Transparency Market Research