Anti-Rust Coating Market Transportation Industry And Defence Sector to Motivate Growth for Forecast Timeframe.
Overview:
Anti-Rust Coating Market is expected to witness a healthy growth during the forecast period (2017-2023).
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Anti-rust coating can be described as a preventive coating that finds application in various industries where the use of metal is of significant consideration. The technology provides prevention from various natural features like moisture, salt spray, humidity, and oxidation. Anti-rust coating creates a barrier between the metal and other chemical compounds or various corrosive compounds.
Market Research Future (MRFR) finds significant market integration from several end users that can emerge as major factors for the growth of the market in years between 2017 to 2023, which can be deemed as the forecast period for the market.
Factors that can impact the market positively lies with the growing usage of the technology in industries like automotive, marine, infrastructure, transportation, aerospace, defense, and others. The procedure intends to provide better longevity to the global market. However, the fluctuating raw material prices can play adversely for the market growth.
Segmentation:
The global market report on anti-rust coating can be studied by technology, type, and end-use industry. These companies are known for their extensive coverage of drivers for the market’s upcoming years and carry information regarding their various dynamics.
By types, the global market study on the anti-rust coating includes polyurethane, epoxy, alkyd, chlorination, zinc, acrylic, and others.
By technology, the global market for anti-rust coating depends on solvent-based, powder coating, waterborne, and UV cured.
By end-use industries, the global market for anti-rust coating can be segmented into oil & gas, marine, infrastructure, power generation, aerospace & defense, transportation, and others.
Regional Analysis:
The Asia Pacific region has the charge of the global market as the regional market is benefiting from its extensive percolation into industries like automotive, infrastructure, and transportation. In several emerging economies, this percolation is getting mileage. For instance, China, Japan, India, and Indonesia are showing extreme signs of growth in modernization of infrastructure. This is to cope up with the growing demand for better market demand-supply curve in various end-use industries. Population is also playing a crucial role in taking the market ahead. China’s market has the biggest output and it is influencing their own building and construction market to inspire better growth rate. Other countries are making significant demand using their sip building industry in the forefront. However, the regional automotive sector is also inspiring better growth opportunities.
Latin America is showing immense intake of the product due to its increasing industrial percolation into industries like oil & gas and marine industries, especially in various offshore oil exploration activities.
In North America, one of the major contributors for the market is the US where the automotive industry and the defense sector are witnessing significant surge in demand for anti-rust coating.
In Europe, the market for anti-rust coating is all set to gain better grounds with the automotive segment creating the maximum space for the market growth. Europe’s growth is also getting commanded by various stringent regulations that are gaining traction due to the rising ecological awareness regarding the usage of chemicals. Various paint manufacturers are trying to create a base for themselves in the water-based coatings to make the most of it.
Competitive Analysis:
The global market for anti-rust coating to benefit from the active participation from several market players who are coming up with new strategies to boost their own market stand and global growth for the market. These companies have been tracked and profiled by MRFR to get better insights regarding various interplay among different strategic decisions. These companies are Jotun (Norway), PPG Industries, Inc. (U.S.), Akzo Nobel N.V. (Netherlands), BASF SE (Germany), The Sherwin-Williams Company (U.S.), Axalta Coating Systems Ltd. (U.S.), Nippon Paints Co. Ltd (Japan), Kansai Paint Co., Ltd. (Japan), Ashland Inc. (U.S.), Hempel A/S (Denmark), Chugoku Marine Paints Ltd. (Japan), RPM International Inc. (U.S.), Bluechem (Africa), DowDupont (U.S.), and Clariant (Switzerland).
In February 2019, Panasonic unveiled their new air conditioner to promote healthy living. The technology involves a Blue Fin Condenser that comes with an anti-rust coating to provide longevity.
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