The Rubber Anticorrosive Coatings Market produces rubber anticorrosive coatings that can protect rubber from natural degradation caused by corrosion agents like moisture, chemicals, salt, and industrial chemicals. These coatings ensure that the components that operate in harsh applications have a long lifespan. Corrosion causes huge losses in major industries.
The Rubber Anticorrosive Coatings Market provides most effective solutions to tackle corrosion. The anti- rust coating provides a barrier between the surface and the corrosion agent and prolongs the life of the structure. It even aids in its effective productivity. Corrosion protection coatings find applications in marine, oil & gas, power generation, and chemical plants, etc.
Scope & Regional Forecast of the Rubber Anticorrosive Coatings Market
The Rubber Anticorrosive Coatings Market is mostly applied in the marine industry since the industrial coatings protect the ship hulls and yachts from deterioration caused due to the harsh environmental factors like salt water, temperature, pressure, and organic formation, etc. The growing demand for repair and maintenance in oil and gas industry for oil drilling equipment, process vessels, and transmission pipelines is expected to boost the demand for the corrosion inhibitor.
The Rubber Anticorrosive Coatings Market is driven by the growing offshore production activities. The market is also expected to grow due to huge losses caused due to corrosion, growth in alternative energy, and modernization of infrastructure. Changing raw material costs, strict environmental regulations, slowdown in marine & gas industries, global economic situation affecting investments are factors that inhibit the growth of anti-corrosion protection industry.
Asia Pacific leads the Anticorrosive Coatings Market and is expected to witness maximum growth. Rapid industrialization in the region along with improved living standard also drives the market for corrosion coating.
Segmentations & Key Players Involved In the Rubber Anticorrosive Coatings Market
The Rubber Anticorrosive Coatings Market can be broken down into various segmentations on the basis of –
Product- Epoxy, Polyurethane, Acrylic, Alkyd, Zinc, Chlorinated Rubber, and Others.
Application- Solvent based, water based, powder, and others.
End Use- Oil & Gas, Shipbuilding, Infrastructure, Industrial markets, Energy, Transport, Others.
Region- North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Some of the key players involved in the Rubber Anticorrosive Coatings Market are as follows:
- AkzoNobel N.V.
- Ashland, Inc.
- Axalta Coating Systems Ltd.
- BASF SE, RPM International, Inc.
- PPG Industries, Inc.
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