A Detailed Analysis of the Corrosion Protective Coating and Acid-Proof Lining Market Based on Evolving Industrial Needs, Advent of Protective Coating Technologies, and Varied Application Methods Used Across Industries
Industry: Chemicals and Materials
Published Date: January-2024
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 187
Report ID: PMRREP33629
The global corrosion protective coating and acid-proof lining market is forecast to expand at a CAGR of 6.1% and thereby increase from a value of US$46.8 Bn in 2023, to US$70.9 Bn by the end of 2030.
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Attributes |
Key Insights |
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Corrosion Protective Coating and Acid-Proof Lining Market Size (2023E) |
US$46.8 Bn |
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Projected Market Value (2030F) |
US$70.9 Bn |
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Global Market Growth Rate (CAGR 2023 to 2030) |
6.1% |
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Historical Market Growth Rate (CAGR 2018 to 2022) |
5.2% |
Protecting industrial equipment and structures against the harmful effects of corrosion and acidic substances is a critical function of corrosion-resistant coatings and acid-proof linings. To fortify materials against corrosive elements, corrosion-protective coatings are applied to surfaces. This process serves to impede material degradation and prolong its operational lifespan.
In contrast, acid-proof linings are specialized coatings that are specifically engineered to endure exposure to corrosive surroundings. Their primary function is to safeguard equipment in various sectors, including chemical processing, petrochemicals, and metal manufacturing. To preserve the structural soundness and operational effectiveness of equipment that is exposed to corrosive and acidic environments, these solutions are indispensable.
Multiple elements influence the global market for corrosion-protective coatings and acid-resistant linings. The escalating need is driven by the expansion of industry in various sectors, where safeguarding against corrosion is critical for the longevity of infrastructure. To reduce the environmental impact of corrosive substances, industries are compelled to implement these protective measures due to stringent environmental regulations and safety standards.
Furthermore, the expansion of the market is facilitated by developments in coating technologies, including polymer-based solutions and nano coatings, which provide more sustainable and efficient protective alternatives. The market is additionally propelled by the growth of the chemical and oil & gas sectors, which necessitate resilient corrosion protection systems to safeguard their operations and maintain their dependability.
Stringent Environmental Compliance and Safety Regulations
The global increase in demand for corrosion protective coating and acid-proof lining is primarily motivated by the growing emphasis on environmental compliance and industrial safety. As environmental impact awareness increases and regulations become more stringent, industries across the globe are obligated to prioritize safeguards for their operations and the ecosystems in which they operate.
In addition to compromising the structural integrity of industrial equipment, corrosion can cause perilous leakage, environmental contamination, and safety concerns. Industries working with corrosive substances, such as petrochemicals and chemicals, where containment failures can result in severe repercussions, place an especially high value on acid-resistant linings. As a result, the imperative for efficient corrosion prevention has become intricately linked with the wider dedication to environmentally conscious and sustainable industrial methodologies.
Stricter regulations enforced by governments and regulatory bodies are significantly influencing this environment through their efforts to reduce the environmental impact of industrial operations. The implementation of corrosion protection measures is mandated by stringent regulations, which compels industries to embrace sophisticated coatings and linings that effectively enclose corrosive substances.
Furthermore, the increased emphasis on safety protocols highlights the criticality of dependable infrastructure in mitigating the occurrence of accidents and leaks. The advancement of industry compliance with these regulations drives the demand for acid-resistant linings and high-performance corrosion protective coatings.
One of the primary factors restraining the global corrosion protective coatings and acid-proof linings market is the formidable obstacles posed by the substantial initial investments and intricate application requirements of these specialized products. Although there is no doubt regarding the enduring advantages of corrosion protection, certain sectors, particularly smaller businesses, may view the initial expenditure on superior coatings and linings as an economically onerous burden.
The adoption of certain technologies may be impeded by the financial burdens associated with surface preparation, expert application, and the procurement of advanced materials. Furthermore, certain regions or industries may face a scarcity of specialized expertise, which is frequently necessary for the application process.
Impeding widespread adoption can be the dual challenge of high initial costs and the requirement for specialized application skills, especially in sectors with constrained financial resources or limited access to technical knowledge. In light of economic volatility and the need to address immediate financial obligations, these initial obstacles may impede the widespread implementation of corrosion-protective coatings and acid-proof linings, notwithstanding their enduring advantages.
Constantly attempting to strike a balance between environmental and performance factors is a formidable obstacle for the global market of acid-resistant linings and corrosion-defensive coatings. In the pursuit of resilient protective measures, industries are witnessing a surge in the need for coatings that not only demonstrate exceptional corrosion resistance but also comply with rigorous environmental criteria.
Particularly because conventional corrosion-resistant formulations may contain environmentally hazardous elements, achieving this delicate equilibrium is difficult. The coatings industry is confronted with the challenge of creating materials that offer exceptional protection while maintaining ecological sustainability.
The necessity for extended durability further complicates this issue, as coatings must be able to endure severe conditions without emitting hazardous substances into the environment. Achieving an optimal equilibrium between environmental impact and performance is a multifaceted undertaking that necessitates ongoing innovation to fulfil the dual goals of safeguarding the environment and promoting responsible practices. In the light of heightened regulatory scrutiny, the corrosion-protective coating and acid-proof lining industry is confronted with the complex task of navigating this complex terrain to safeguard ecological integrity and ensure the durability of industrial assets.
The increasing regulatory scrutiny and consideration of the total cost of ownership (TCO) by businesses is a factor that is facilitating expansion in the global corrosion protective coatings and acid-proof linings market. With the growing awareness among businesses regarding the importance of prolonging the useful life of their assets and reducing maintenance expenses, corrosion protection is being identified as a strategic investment.
Although the initial investment required for premium coatings and linings may appear considerable, the economic advantages that accrue over time are substantial. These protective solutions extend the life of assets by inhibiting corrosion and degradation, thereby decreasing the frequency of necessary repairs and replacements. Industries are seizing this opportunity by adopting a comprehensive perspective that incorporates the entire life cycle of assets, as opposed to focusing solely on short-term cost considerations.
Furthermore, the TCO viewpoint is consistent with the expanding phenomenon of predictive maintenance and the endeavors of Industry 4.0. With the increasing adoption of smart technologies and digitalization across industries, predictive maintenance strategies must incorporate corrosion-protective coatings. The utilization of real-time monitoring and data analytics facilitates the timely identification of potential corrosion problems, thereby enabling preventative measures to be taken and costly disruptions to be avoided.
The integration of cutting-edge technologies and corrosion protection not only enhances operational effectiveness but also establishes these coatings and linings as essential elements of intelligent and environmentally conscious industrial methodologies. Sectors capitalizing on these prospects are not solely attending to immediate corrosion issues; rather, they are strategically situating themselves to achieve enduring resilience and efficacy in asset administration. This reflects a more comprehensive paradigm shift away from reactive maintenance and toward proactive, data-driven asset care.
The global market for corrosion protective coating and acid-proof lining is anticipated to expand significantly due to a confluence of factors. Market expansion is propelled by increased regional industrialization, stringent regulatory frameworks mandating corrosion protection measures, and a growing environmental consciousness. As industry demands become more diverse, the relationship between manufacturers and consumers is undergoing a transformation that places greater emphasis on collaborative innovation and tailored solutions.
Market expansion is additionally propelled by developments in coating technologies, including the creation of nanocoatings and environmentally sustainable formulations, which guarantee that solutions satisfy both performance requirements and environmental criteria. As industries prioritize predictive maintenance strategies, total cost of ownership, and sustainable practices, the market's future appears bright.
Alongside the ongoing demand from established industries such as oil and gas, the construction sector, especially in emerging economies, is anticipated to be a significant driver. The market is positioned for significant growth as manufacturers endeavor to achieve a harmonious equilibrium between cost-effectiveness, environmental impact, and performance. This presents stakeholders with a tactical opportunity to take advantage of the increasing need for corrosion protection solutions.
Supply-side Dynamics
The global market for corrosion protective coating and acid-proof lining is anticipated to expand significantly due to a confluence of factors. Market expansion is propelled by increased regional industrialization, stringent regulatory frameworks mandating corrosion protection measures, and a growing environmental consciousness. As industry demands become more diverse, the relationship between manufacturers and consumers is undergoing a transformation that places greater emphasis on collaborative innovation and tailored solutions.
Market expansion is additionally propelled by developments in coating technologies, including the creation of nanocoatings and environmentally sustainable formulations, which guarantee that solutions satisfy both performance requirements and environmental criteria. As industries prioritize predictive maintenance strategies, total cost of ownership, and sustainable practices, the market's future appears bright.
With the current demand from established industries such as oil and gas, the construction sector, especially in emerging economies, is anticipated to be a significant driver. The market is positioned for significant growth as manufacturers endeavor to achieve a harmonious equilibrium between cost-effectiveness, environmental impact, and performance. This presents stakeholders with a tactical opportunity to take advantage of the increasing need for corrosion protection solutions.
Which Product Type Extends the Maximum Revenue Share?
Polymer Coatings Drive Dominance in Corrosion Protection Industry on the Back of Versatility, and Cost Efficiency
The product type segment is segmented into acid-proof lining, polymer coatings, ceramic and carbon brick lining, rubber lining systems, tile lining, and thermoplastics lining. It is anticipated that polymer coatings will hold the largest market share and exert the most dominance among the aforementioned segments within the corrosion-protective coating and acid-proof lining industry. Polymer compounds are favored throughout a variety of industries due to their adaptability, resilience, and extensive platform of use.
Due to their versatility in adhering to various surfaces and the progress made in polymer technology, this sector is well-positioned to meet the diverse corrosion protection requirements of industries global. Regarding expansion, the thermoplastic lining is anticipated to experience the most rapid rate of growth in the forthcoming years. Increasing in popularity are thermoplastic lining segments owing to their superior chemical resistance, installation simplicity, and adaptability to complex shapes.
The growing emphasis on cost-effective and efficient solutions across industries is anticipated to drive a significant increase in the demand for thermoplastic linings. This is particularly true in sectors such as wastewater treatment, chemicals, and petrochemicals, where the prevention of corrosion is of the utmost importance. The expansion of industrial activities and infrastructure development additionally propels the rapid adoption of thermoplastic lining, thereby serving as a pivotal catalyst for the overall growth of the market.
What Technology Type will be the Dominant Category?
The Waterborne Technology Type Segment Dominates, Driven by Sustainability Concerns While Powder-borne Counterparts Pick Pace
The technology segment is bifurcated into powder-borne, solvent borne, and water borne. The corrosion-protective coating and acid-proof lining industry is anticipating that waterborne technology will hold the greatest market share. The growing concern for sustainable and ecologically sound alternatives has stimulated the market for water-borne coatings.
The minimal volatile organic compound (VOC) content of these coatings enables them to adhere to rigorous environmental regulations. The segment dominated by water-borne coatings is attributed to their versatility, which enables them to be applied to a wide range of surfaces. Powder-borne technology is anticipated to experience the most rapid rate of expansion in terms of growth. The increasing adoption of powder-borne coatings can be attributed to their toughness, corrosion resistance, and environmental friendliness.
In powder coatings, the elimination of solvents and VOCs is consistent with the global trend toward environmentally favorable alternatives. The overall market growth will be propelled by the increased demand for powder-borne technology, which is anticipated to increase in sectors including automotive, construction, and industrial manufacturing, as industries prioritize sustainable practices.
Which is the Most Prominently Chosen Application Method?
Spray Coating Dominant, Electrostatic Coating Surges on Account of Higher Efficiency and Precision
The application method segment is segmented into spray coating, dip coating, electrostatic coating, and trowel application (for linings). In the corrosion protection coating and acid-proof lining industries, spray coating is anticipated to rule and hold the biggest market share. Due to its adaptability and effectiveness, spray coating is the method of choice for an extensive variety of industries. Spray coating is widely utilized in applications that demand precision and consistency due to its capacity to coat intricate surfaces and deliver a consistent coating thickness.
Electrostatic coating is anticipated to experience the most rapid rate of expansion in terms of growth. The increasing prominence of electrostatic coating technology can be attributed to its capacity to evenly distribute coating material, thereby decreasing wastage and improving overall efficiency. This approach offers notable benefits when applied to complex or difficult-to-access surfaces, rendering it the method of choice in sectors that prioritize accuracy and economical operations.
What End Use Spearheads in Demand Generation?
Oil and Gas Industry’s Dominance Prevails, Construction Sector Follows
The end use segment is bifurcated into marine, oil and gas, power generation, construction, automotive, transportation vehicles, and chemicals. It is anticipated that the oil and gas industry will hold the greatest market share in the industry for corrosion-protective coatings and acid-proof linings. Robust corrosion protection solutions are imperative in the oil and gas extraction, refining, and transportation sectors due to the rigorous operational environments involved.
As the industry continues to invest in the longevity and integrity of its assets, it is anticipated that the demand for effective coatings and linings to combat corrosive elements will propel this segment to dominance. About expansion, the construction industry is positioned to experience the most rapid rate of growth. As construction activities expand on a global scale, safeguarding infrastructure against corrosion has become more important to ensure its durability and safety.
The increasing recognition of the criticality of corrosion prevention in infrastructure projects and the expansion of the construction industry are factors that are propelling the demand for sophisticated coatings and linings. The acceleration of urbanization and infrastructure development has led to the construction industry becoming a significant catalyst for the exponential expansion of the corrosion-protective coating and acid-proof lining market.
North America Commands, Driven by Strong Industrial Presence, and Regulatory Compliance
In the global corrosion protective coating and acid-proof lining industry, North America is anticipated to hold the largest market share. Multiple elements contribute to this pre-eminence. To begin with, it is important to note that North America, with a particular focus on the US, is home to a strong industrial sector that encompasses various industries such as manufacturing, oil and gas, and chemicals. This sector heavily depends on corrosion protection measures for its apparatus and infrastructure.
Additionally, the adoption of sophisticated coatings has been accelerated by the region's stringent environmental regulations, which are in line with sustainability objectives. In North America, the prevalence of corrosion protection solutions is further bolstered by continuous technological advancements and widespread knowledge regarding the advantages of such measures. Due to its advanced and firmly established industrial environment, as well as its proactive stance on asset maintenance, North America is positioned as a significant global market leader.
Pacing Infrastructural Developments Account for Rapid Market Expansion of South Asia, and Oceania
It is anticipated that South Asia, and Oceania will experience the most rapid expansion in the market for corrosion-protective coatings and acid-proof linings. A multitude of factors contribute to this exponential expansion. To begin with, the exponential growth of infrastructure development in nations such as Australia and India, as well as the ensuing industrialization and urbanization, generate a substantial market for corrosion protection solutions.
The demand for durable coatings is exacerbated by the growing investments in oil and gas exploration and the expansion of the manufacturing sector. Moreover, an increasing recognition of the enduring economic advantages associated with corrosion prevention is occurring in this locality, motivating sectors to actively embrace cutting-edge remedies.
As a result of South Asia, and Oceania becoming a hub for global economic activities, it is anticipated that the demand for corrosion protection will increase dramatically, making this region the one where the market for these vital coatings and linings expands the quickest.
Prominent entities in the corrosion protective coating and acid-proof lining industry consist of multinational corporations, including Jotun, AkzoNobel, PPG Industries, and Sherwin-Williams. These businesses demonstrate a global influence and make substantial contributions to the expansion of the market. Prominent nations that have embraced these solutions include Brazil, Germany, China, India, and the US.
To illustrate, the US, renowned for its expansive oil and gas infrastructure, places significant reliance on these coatings to guarantee the durability of pipelines. Germany, a nation renowned for its sophisticated manufacturing sector, employs corrosion protection systems in industrial and automotive contexts. In China, and India, the demand for these coatings in construction and manufacturing is fueled by accelerated industrialization. Significant markets are also fueled by the robust chemical and petrochemical sectors of Brazil.
The market leaders in corrosion protection are proactively transforming the terrain via strategic endeavors. These corporations are allocating resources toward research and development to introduce ecologically friendly and high-performing coatings. For instance, AkzoNobel has been a pioneer in the development of environmentally friendly and long-lasting high-performance particle coatings. To strengthen its position in key markets and broaden its product portfolio and global footprint, PPG Industries prioritizes strategic acquisitions.
Sherwin-Williams Prioritizes the Creation of Environmentally Friendly Coatings, A Strategic Alignment with the Increasing Environmental Responsibility of the Industry. By implementing data-driven solutions and digitalization, Hempel A/S and Jotun are optimizing the effectiveness of their corrosion protection strategies. The competitive environment is transforming as these entities propel progress in sustainability, technology, and market entry, thereby impacting the overall course of the corrosion-protective coating and acid-proof lining industry.
New Product Launch
PETRONAS introduced a revolutionary product in April 2023 to resolve the recurring corrosion-related challenges that undermine the integrity of assets. An ultra-high barrier advanced material composed of graphene, ProShield+ is a paint additive designed specifically for steel structures. ProShield+, an internally developed product, has demonstrated efficacy in enhancing the durability of coatings against severe weather conditions and safeguarding assets against corrosive agents. In general, the composition exhibits water barrier properties that are three times greater than those of conventional epoxy paint. Additionally, it enhances adhesion and protects against ultraviolet radiation and abrasion. Additionally, it has demonstrated an abrasion resistance enhancement of up to three times that of standard epoxy paint.
Market Impact: The introduction of ProShield+ by PETRONAS, a paint additive composed of graphene that provides enhanced protective properties and superior corrosion resistance, is anticipated to revolutionize the global market for corrosion-protective coatings. The novel resolution tackles significant challenges within the industry, indicating a possible transition towards more sophisticated materials and technologies in corrosion prevention approaches on a global scale.
(Source: Offshore Technology)
As of June 2023, the EcoEmitter, a specialized device derived from the EcoEarth line by US manufacturer Cortec, will be available. Its primary function is to safeguard sensitive assets, including optical and electronic components and equipment, from corrosion. Every EcoEmitter can safeguard capacities of up to 0.25 m3 (8.8 ft3). This is achieved by the device emitting vapor phase corrosion inhibitors (VpCI), which permeate the enclosure via diffusion. As a result, any voids or recessed areas are filled with protective vapor molecules.
Market Impact: The EcoEmitter, a specialized device developed by Cortec that provides targeted corrosion protection for sensitive assets such as optical and electronic equipment, is anticipated to have a significant impact on the global corrosion protection market. This innovation addresses the particular requirements of sectors that depend on fragile components, illustrating a prevailing tendency in the wider market towards specialized solutions and tailored methodologies.
(Source: Facility Executive)
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Attribute |
Details |
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Forecast Period |
2023 to 2030 |
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Historical Data Available for |
2018 to 2022 |
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Market Analysis |
US$ Million for Value |
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Key Regions Covered |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Report Coverage |
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Customization & Pricing |
Available upon request |
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The market is anticipated to grow at a CAGR of 6.1% during the projected period.
The corrosion protective coating and acid-proof lining market was valued at US$46.8 Bn.
The US held the largest market share in 2023.
The prominent players in the market are AkzoNobel N.V., PPG Industries Inc., Sherwin-Williams Company, and BASF SE.
Electrostatic coating is expected to grow at the fastest pace during the forecast period.
