Corrosion Protective Coatings Market Size, Share, Growth, Trends and Forecast Report, 2024

The global corrosion protective coatings market size was USD 14.97 billion in 2015. The market is expected to witness growth owing to rising demand from end-use industries including oil & gas, manufacturing, and automotive.

(firmenpresse) - The global corrosion protective coatings market is expected to reach USD 28.02 billion by 2024, according to a new report by Grand View Research, Inc. Rising industrial production coupled with growing spending by regional governments on infrastructure development in emerging countries of Asia Pacific and the Middle East is expected to drive global corrosion protective coatings market growth over the next eight years.

Growing demand for ships for commercial and naval applications coupled with rising investment in ship repairing activities from emerging economies including China, India is expected to drive the market demand over the forecast period. Growing application scope in paper and pulp industry owing to the presence of acidic and corrosive atmosphere in the plant is likely to fuel growth over next eight years.

The rapid growth of the automotive industry in the emerging economies including Asia Pacific and Latin America owing to rising demand for automobiles and rising disposable income of consumers is expected to drive the growth over the forecast period. Growing application scope in rust and corrosion prevention of vehicle body and other metal components is likely to augment market growth. In addition, rising use of waterborne corrosion protective coatings as electrocoating is expected to drive the market demand.

Solvent borne corrosion coatings accounted for a major share of market volume. Wide application scope of epoxy coating and their ability to serve in various operating conditions is expected to drive the market growth. However, rising concern regarding the toxic nature of the solvent borne corrosion protective coating is expected to pose a challenge to market growth over the forecast period.

Further key findings from the report suggest:


e expected to provide an edge to waterborne coatings over other coating solutions. This is expected to propel the market growth over next few years.

& Africa coupled with rising capacity expansion, and renovation activities of the manufacturing plants in the mature economies including North America and Europe are expected to drive the demand over the forecast period. Growing emphasis on improving the shelf life of the steel used in plant structure fabrication is expected to drive the demand over next eight years.

& gas. Rising demand and application share of waterborne coatings in the end-use industries including construction and production on account of its low VOC content is expected to drive the market demand for acrylic corrosion coating over the forecast period.



pel Marine Paints is a paints and coatings manufacturer headquartered in Denmark. The company operates in five segments including protective, marine, decorative, container, and yacht.

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