Corrosion Protective Coatings Market To Grow At A CAGR Of 6.4% From 2016 To 2024
New Market Research Reports Title “Corrosion Protective Coatings Market Analysis Size and Segment Forecasts to 2024” Has Been Added to Grand View Research Report Database
The global corrosion protective coatings market is expected to reach USD 28.02 billion by 2024, according to a new report by Grand View Research, Inc. Rising industrial production coupled with growing spending by regional governments on infrastructure development in emerging countries of Asia Pacific and the Middle East is expected to drive global corrosion protective coatings market growth over the next eight years.
Growing demand for ships for commercial and naval applications coupled with rising investment in ship repairing activities from emerging economies including China, India is expected to drive the market demand over the forecast period. Growing application scope in paper and pulp industry owing to the presence of acidic and corrosive atmosphere in the plant is likely to fuel growth over next eight years.
The rapid growth of the automotive industry in the emerging economies including Asia Pacific and Latin America owing to rising demand for automobiles and rising disposable income of consumers is expected to drive the growth over the forecast period. Growing application scope in rust and corrosion prevention of vehicle body and other metal components is likely to augment market growth. In addition, rising use of waterborne corrosion protective coatings as electrocoating is expected to drive the market demand.
Solvent borne corrosion coatings accounted for a major share of market volume. Wide application scope of epoxy coating and their ability to serve in various operating conditions is expected to drive the market growth. However, rising concern regarding the toxic nature of the solvent borne corrosion protective coating is expected to pose a challenge to market growth over the forecast period.
Browse full research report on Global Corrosion Protective Coatings Market: http://www.grandviewresearch.com/industry-analysis/corrosion-protective-coatings-market
Further key findings from the report suggest:
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
Grand View Research has segmented the corrosion protective coatings market on the basis of material, technology, application and region:
Global Corrosion Protective Coatings Material Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
Global Corrosion Protective Coatings Technology Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
Global Corrosion Protective Coatings Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
Global Corrosion Protective Coatings Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-corrosion-protective-coatings-market
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