The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The corrosion protection coating market has experienced robust growth, with the market size expected to reach $17.94 billion in 2024, growing at a compound annual growth rate (CAGR) of 6.6%. This growth can be attributed to factors such as infrastructure development, automotive sector growth, and increased focus on sustainable construction. Looking ahead, the market is projected to continue its strong growth, reaching $23.07 billion by 2028, with a CAGR of 6.5%.

Impact Of Industrial Sector Expansion

The expanding industrial sector is expected to drive the growth of the corrosion protection coating market. With the industrial sector propelling infrastructure projects, the demand for corrosion protection coatings to guarantee the longevity and resilience of assets is increasing. The expanding industrial sector is driving the growth of the corrosion protection coating market, with businesses in the manufacturing sector expressing intentions to expand their current locations.

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Technological Trends

Technological innovations have emerged as a key trend in the corrosion protection coating market. Companies are focused on providing innovative corrosion coating products to strengthen their market position. For instance, Hempel introduced a new fast-drying CUI coating, Hempaprime CUI 275, which increases productivity and improves corrosion protection at energy generation and oil and gas facilities.

Sherwin-Williams Acquires Sika AG

In August 2021, Sherwin-Williams acquired the European industrial coatings business of Sika AG, a strategic opportunity for Sherwin-Williams to drive growth and expand its market position in Europe. This acquisition highlights the importance of strategic acquisitions in the corrosion protection coating market.

Market Segmentation and Regional Outlook

The corrosion protection coating market is segmented by resin type, technology, and end-use industries. Resin types include epoxy, polyurethane, zinc, alkyd, acrylic, chlorinated rubber, and other types. Technologies include water-based, solvent-based, powder-based, and other technologies. End-use industries encompass marine, oil and gas, petrochemical, infrastructure, power generation, water treatment, and other end-users. Asia-Pacific was the largest region in the corrosion protection coating market in 2023, with Asia-Pacific expected to be the fastest-growing region in the forecast period.

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The Corrosion Protection Coating Global Market Report 2024  provides an overview of the corrosion protection coating market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The corrosion protection coating market forecast analyzes corrosion protection coating market size, corrosion protection coating market share, leading competitor and their market positions.

The Table Of Content For The Corrosion Protection Coating Market Include:
1. Corrosion Protection Coating Market Executive Summary
2. Corrosion Protection Coating Market Segments
3. Corrosion Protection Coating Market Size And Corrosion Protection Coating Market Growth Rate
4. Key Corrosion Protection Coating Market Trends
5. Major Corrosion Protection Coating Market Drivers
……
25. Key Mergers And Acquisitions In The Corrosion Protection Coating Market
26. Top Corrosion Protection Coating Companies
27. Corrosion Protection Coating Market Opportunities And Strategies
28. Corrosion Protection Coating Market, Conclusions And Recommendations
29. Appendix

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