Anti Corrosion Coatings Market is Estimated to Witness High Growth Owing to Increasing Industrial and Infrastructure Development
Anti-corrosion coatings are protective coatings applied to prevent corrosion and degradation of metals and alloys. They create a protective barrier between the substrate material and the environment. Increasing investment in infrastructure such as bridges, roads, buildings and rapid urbanization drive the demand for anti-corrosion coatings. The Global anti-corrosion coatings market is estimated to be valued at US$ 46.90 Bn in 2024 and is expected to exhibit a CAGR of 3.8% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the anti corrosion coatings are BASF, Ashland Inc., Nippon Paint Co. Ltd., AkzoNobel N.V., Jotun A/S, Axalta Coating System Ltd., The Sherwin-Williams Company, Kansai Paints Co. Ltd., PPG Industries Inc. and Hempel A/S. These players are focusing on new product launches and expansions to gain a competitive edge in the market. The key opportunities in the anti corrosion coatings market include rising demand from oil and gas industries a...