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      Analysis of the current market situation and development prospect of global anticorrosive coatings industry in 2022. It is estimated that the market size will exceed 50 billion USD in 2026.

      021-10-28 18: 01: 22 Source: Prospective.com

      Core data of this paper: market size, supply structure and prospect forecast.


      The scale of industries affected by the epidemic decreased by 11%


      In recent years, with the rapid development of downstream application fields of anti-corrosion coatings such as shipbuilding, oil and gas industry, petrochemical refining, infrastructure, electric power industry, water treatment industry, etc., the global anti-corrosion coatings market has been promoted. However, in 2020, due to the global COVID-19 epidemic, the anti-corrosion coatings market was restrained to some extent. In 2020, the global market size of anticorrosive coatings was USD 24.36 billion, down by 11% compared with 2019.


      According to the technical characteristics of products, anti-corrosion coatings can be divided into solvent-based anti-corrosion coatings, water-soluble anti-corrosion coatings, powder anti-corrosion coatings, etc., among which solvent-based anti-corrosion coatings are most widely used. According to Precedence Research data, in 2020, the global solvent-based anti-corrosion coatings accounted for more than 40% of the total anti-corrosion coatings market.


       In addition, water-based anticorrosive coatings have excellent chemical resistance, cold resistance, non-flammability, non-explosion, non-toxic and other characteristics. With the increasingly stringent requirements of environmental protection laws and regulations in the world, the demand for water-based anticorrosive coatings with environmental protection and high performance is increasing.


      Asia-Pacific supply accounts for 58%.


       From the global market point of view, the Asia-Pacific region is currently the largest production market in the global anticorrosive coatings industry, accounting for about 58%. It is mainly due to the rapid development of industrialization of petrochemical and electric power industries in Asia-Pacific region, which drives the rapid increase of industrial anticorrosion market demand. Among them, China is the main producer and consumer of the global anticorrosion coatings market. Europe is the second largest anti-corrosion coating market in the world, with a production volume of about 22%; North America is the world's third largest market for anticorrosive coatings, accounting for 11%.


      Wide downstream application market


       As one of the important engineering materials in the industrial development, anti-corrosion coatings have excellent structural strength, high temperature resistance, corrosion resistance, low coating cost and application convenience, and are widely used in the fields of oil and gas industry, offshore engineering, architecture and construction, automobile and transportation industry, aerospace and national defense. Among them, the oil and gas industry is the largest application field of anticorrosive coatings. According to the data of GRAND VIEW RESEARCH, the oil and gas industry accounts for more than 35% of the global application market of anticorrosive coatings.


      In 2026, the global market will exceed USD 50 billion.


       According to the data of China Corrosion and Protection Network, the annual economic loss caused by corrosion in the world is as high as $1 trillion, which is about 6 times of the total economic losses caused by natural disasters such as earthquakes, floods and typhoons, accounting for 2%-4% of the gross national product of all countries. Corrosion not only causes huge losses to the economy, but also brings huge consumption of resources and aggravates environmental pollution. Therefore, anti-corrosion research is paid more and more attention by all countries in the world. Among all kinds of anti-corrosion measures, anti-corrosion coating is the most economical, practical and convenient.


       According to Statista data, it is estimated that the global anticorrosive coatings market will show a recovery growth in 2021, reaching USD 36.47 billion, and will exceed USD 50 billion in 2026. The average annual compound growth rate of the global anticorrosive coatings market will reach 7.9% from 2021 to 2026.


      The above data refer to Prospective Industry Research Institute's Market Demand Forecast and Investment Strategic Planning Analysis Report of China's Anticorrosive Coatings Industry. At the same time, Prospective Industry Research Institute also provides solutions such as industrial big data, industrial research, industrial chain consultation, industrial map, industrial planning, park planning, industrial investment attraction, IPO fundraising feasibility study and prospectus writing.


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