Anti Corrosion Coating Market Share In-depth Research Covering Share Analysis & Industry Overview 2022-2028

 

Anti-Corrosion Coating Market – Regional Analysis

North America dominates the global Anti Corrosion Coating Market Share, heading with the rising demand from various end-user industries such as aerospace and electronics. Also, usages of graphene in oil & gas, shipbuilding, marine, energy, transport, and automotive industry in the region foster market growth. Canada, Mexico, and the US, among other North American countries, account for the largest share in the anti-corrosion coating market in the region. The North American anti-corrosion coating market is projected to retain its dominance throughout the forecast period.

The Asia Pacific region stands second in the global anti-corrosion coating market. Augmenting demand in various applications such as the marine and shipbuilding industry in China, Japan, and India is a key driving force behind the regional market growth. Also, the spurting growth in the automotive, aerospace, and chemical industry in Japan, India, and South Korea act as a major growth driver for the market. The APAC anti-corrosion coating market is projected to register a noteworthy CAGR over the assessment period.

Anti-Corrosion Coating Market – Competitive Analysis

Highly competitive, the anti-corrosion coating market appears to be fragmented due to the presence of a number of well-established players. These players incorporate strategies such as mergers & acquisitions, collaboration, expansion, and technology launch to gain a larger competitive advantage in this market. Growth potential demonstrated by the market attracts many new entrants, which, in turn, intensifies the market competition further.

Though big companies have a great geographical presence, the entry of several new companies will pose stiff competition for them.  Players make substantial investments to drive new product development initiatives and expansion plans. Manufacturers strive to develop a wide range of diverse products with modified properties, each intended for a particular purpose. To expand their footprints, they acquire small yet promising companies from emerging markets.

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Major Players

Players leading the global anti-corrosion coating market include BASF SE (Germany), 3M (US), Hempel Group (Europe), PPG Industries (US), Kansai Paint Co., Ltd (Japan), The Dow Chemical Company (US), Valspar (US), Wacker Chemie AG (Germany), Bluchem (South Africa), and RPM International Inc.(US), among others.

Industry/Innovation/Related News

January 28, 2020 --- Milliken & Company (the US), a diversified industrial manufacturer, announced the acquisition of a US-based global specialty chemicals company Borchers Group Limited from Jordan Company, L.P. Borchers is, known for its innovative high-performance coating additives & specialty catalyst solutions. The acquisition will accelerate the solution range of the Company.

January 14, 2020 --- Micro Powders, Inc. (the US), a leading paints & coating company launched its new product - GraphShield 730, a next-generation anti-corrosion additive for powder coating applications. GraphShield 730 is developed in collaboration with Garmor, Inc. (the US), a leading manufacturer of low-cost graphene oxide and technology solutions developer.

October 19, 2019 --- Alltimes Coatings Ltd. (the UK), an importer, distributor, and agent of waterproof coatings, launched its Advantage Graphene liquid coatings roofing system. Developed by the incorporation of AGM’s graphene technology, the new The Advantage Graphene system is equipped with enhanced anti-corrosion performance.

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