TMR_Research_Reports_2017 High Performance Anti-corrosion Coatings Industry | Page 3

High Performance Anti-corrosion
Coatings Market
automotive industry, wherein epoxy coating is used as protective measure against rusting of vehicle
bodies and other metal components. Epoxy coatings is also gaining demand from the food and
beverage industry, wherein it is used to increase the shelf life of packed products.
Geographically, Asia Pacific region accounts for the maximum demand in the global high
performance anti-corrosion coatings market, which can be attributed to increasing foreign
investments as well as the prosperity of several end-user markets such as construction, power
generation, oil and gas, and tanks and pipes. North America and Europe are fairly matured markets
and exhibit a strongly contested competitive landscape owing to the presence of a number of
prominent players.
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Oil and Gas Sector Serves Maximum Demand
A significant chunk of the demand in the global high performance anti-corrosion coatings market is
served by increasing oil and gas drilling and exploration activities across the world. High performance
anti-corrosion coating helps in the maintenance of industry equipment, improves lifespan of metal
surfaces, and helps in preventing damages. These coatings are now also used for storage tanks,
transmission pipelines, oil rigs, and steel structures. With flourishing construction, manufacturing,
automotive, and transportation industries, the vendors in the global anti-corrosion coatings market are
expected to gain demand throughout the forecast period. On the other hand, factors such as volatile
nature of petrochem