Anti-Corrosion Coating Market
coating market. Growth in the economic losses due to corrosion occurs in structures driving the global market. However, exponential growth in the automotive industries will also propel the global market for anti-corrosion coating in future. Furthermore, higher investment on the R & D activities for anti-corrosion coatings may affect the global anti-corrosion coating market in a positive way. Conversely, many products are involved in the production of the anti-corrosion coatings and strict government regulations set to prevent environment are the major restraints the global anti-corrosion coating market growth.
Global Anti-Corrosion Coating Market: Segmentation
The global anti-corrosion coating market is divided based on applications as automotive & transportation, oil & gas, power generation, marine, building and construction, infrastructure, industrial, and others. Of these, building and construction are the largest application segment and is expected to dominate the market in the coming years. On the basis of types, the global market is bifurcated as acrylic, chlorinated rubber, epoxy, polyurethane, zinc, and alkyd. Furthermore, based on technology, the global anti-corrosion coating market is bifurcated as powder coating, solvent-borne, water-borne, and others.
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Global Anti-Corrosion Coating Market: Regional Analysis
Asia Pacific held the largest market share owing to higher demand for anti-corrosion coating from building and construction sector. India and China are emerging as developing economies due to an availability of a large number of producers and consumers for anti-corrosion coatings.