Global Acid Proof Lining Market: Steady Demand from Oil & Gas Industry to Fuel Growth

Posted on 2017-12-19 by Mark Hub in Chemicals // 0 Comments

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Albany, US, 2017-Dec-19 — /EPR Network/ —A new research report offering insights on the global acid proof lining market has been added to the comprehensive repository of Market Research Hub (MRH). The report titled “Acid Proof Lining Market: Global Industry Analysis (2012 – 2016) & Opportunity Assessment (2017 – 2022)” offers forecast and analysis on the global acid proof lining market, giving readers lucid information on the future direction of the market.

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According to the report, demand from oil & gas sector for safe transportation of a number of products will continue to create demand for acid proof lining. Corrosion resistance has gained more preeminence on account of prevailing low oil prices, as profit margins of many companies have shrunk. The oil and gas industry is looking to reduce the costs of downtime and operational inefficiencies, on account of which safeguarding the infrastructure is gaining traction. These factors are likely to create opportunities for the growth of the acid proof lining market players during the forecast period.

Among the various types of acid proof lining materials, demand for thermoplastics is quite formidable as they are widely preferred by end-users. Thermoplastic are not only the leading revenue segment in the global market, but they also are growing at the fastest pace. Their application in the oil & gas sector is likely to create further opportunities for manufacturers during the forecast period.

The large-scale production of solvent-borne acid proof linings is likely to face constraints owing to regulations governing environmental degradation. This is likely to result into the production of more waterborne acid proof linings, as they are eco-friendly than the other versions. By 2022, the demand for waterborne acid proof linings is likely to reach a value of nearly US$ 590 Mn.

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The report estimates oil & gas sector to remain prominent in revving up demand for acid proof linings during the assessment period. Due to the nature of the oil & gas industry, the acid proof linings have to protect the products from the volatility. On account of this, the acid proof linings used in pipelines should be of high quality. The key players that have been profiled in the report include Polycorp Ltd., Koch Knight LLC, Jotun A/S, The Sherwin-Williams Company, Steuler-KCH GmbH, Axalta Coating Systems Ltd., Ashland Global Holdings Inc., Hempel A/S, PPG Industries, Inc., and BASF Coatings GmbH.

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