Asia Pacific to Rank #1 in High-Performance Anticorrosion Coatings Market with the Surge in Seashore Transportation

Posted on 2019-01-22 by Mark Hub in Industrial, Technology // 0 Comments

ALBANY, US, 2019-Jan-22 — /EPR Network/ —

In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “High-Performance Anticorrosion Coatings Market ” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.

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There has been a significant surge in the demand for high-performance anticorrosion coatings that shields concrete structures and metal such as pipes and tanks from the caustic environmental effects caused by acid rain. Since a combination of salt, water, and moisture are more likely to corrode metals, high-performance anticorrosion coatings are highly employed to the structures of marine environment for safeguarding offshore oil drilling equipment, ships, and elevator platforms. These valuable observations have been drawn from a detailed report titled, “High-performance Anti-corrosion Coatings Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026” that is incorporated in the broad repository of Market Research Reports Search Engine (MRRSE).

Proliferation in the maintenance and restoration activities like transmission pipelines and offshore machinery installation in the oil and gas industry is considered to be a strong driver for the growth of this market. Wide adoption of high-performance anticorrosion coatings for the electrical and mechanical applications such as coatings for insulated wires and turbine blades are considered to further provide the required boost to the high-performance anticorrosion coatings market.

The impressive growth of marine industry in Asia Pacific is projected to surpass the current growth rate of the market at a global level through 2026, on the back of rapid adoption of seaway transport, which in turn requires high amount of coatings for onshore vessels and container ships. The above mentioned factors collectively are expected to help this market register a CAGR of over 5% to the year 2026.

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The prime focus of this report is to offer a detailed analysis on high-performance anticorrosion coatings market by providing the key trends, drivers, opportunities, and restraints that impact the growth of this market. The market has been evaluated in volume (Kilo Tons) and values (US$ Bn) for the period 2018-2026. The report aims at providing decisive view of the market by classifying it on the basis of its applications, regions, and products.

The study encompasses comprehensive value chain analysis that offers a detailed view on this market at the global level. Market attractiveness has been analyzed in the report, based on the standards of market size, its attractiveness in general, and its growth rate.

The study consists of a brief analysis on the market at regional and global levels. The regional split of this market has been done considering the present and impending demand for the market in the geographies like North America, Latin America, Europe, Middle East and Africa, and Asia Pacific. Individual application segments and product segments for these regions have been included in the report.

This unbiased study comprises of Porter’s Five Forces model for this market in order to help understand the prevailing competition. The leading companies profiled are PPG Industries Inc., Akzo Nobel N.V., Hempel A/S, 3M, Jotun A/S, and Nippon Paint Holdings Co., Ltd. An overview of these companies, along with their recent developments, and strategies have been included in the report.

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