The Global Anticorrosive Waterborne Coatings Market size is projected to grow at a CAGR of 4.8% during the forecast period, owing to increasing demand for coating products from various applications such as marine, oil & gas, and infrastructure. In addition, factors such as technological advancements in the product can drive the growth of this market.
Waterborne coatings are a type of coating that is applied to the surface by immersing it in water. In general, they offer improved durability as compared to solvent-based paints because of their resistance against moisture and most chemicals while also usually being more environmentally friendly than oil- or alkyd-based paint. They can be either film forming (e.g., epoxy) or non-film forming (e.g., urethane).
Waterborne coatings are paints that usually contain acrylic or silicone resins as the film-forming constituent. These are, however, not necessarily anticorrosive by themselves and may need a separate additive to provide a corrosion-resistant layer on an object surface. This is because waterborne coatings dry quickly (after around 15 minutes) and do not require any solvents for application. Water transport properties allow these paint products to be applied evenly over large surfaces of metal sheets with no risk of running off vertically at lower edges.
On the basis of Type, the global anticorrosive waterborne coatings market is segmented into epoxy coatings, urethane coating, and acrylic or silicone resins.
Epoxy coatings are a type of waterborne coating that is composed mainly of two different substances including an epoxide resin and an organic gardener. These components react with each other to form the final product which can be applied on a metal surface as a corrosion-resistant layer. They provide protection from harsh elements and chemicals, such as oil, water, acid, or alkali by forming a thin layer of polymer on the surface. Epoxy is usually applied through spraying; however, brushing can be an effective application method in certain cases where there are inaccessible areas to spray into.
Urethane coatings are a form of paint that is composed of two substances, namely an organic polymer and the chemical urea. The most common type of urethanes used in coatings is polyurethane which can be found on furniture or home goods to protect them from damage due to scratches, discoloration, dirt stains or other forms of wear-and-tear. Urethane or polyurethane products are used in anticorrosive waterborne paint applications because they have excellent resistance against aggressive chemicals, oils, fuels, solvents, though not as good at resisting saltwater environments. They offer low film build-up due to their quick drying nature but do require some solvent for application.
An acrylic or silicone resin is a polymer that has the ability to form long chains and can be cross-linked. These polymers are either liquid or solid at room temperature, with high chemical resistance properties. Acrylics have many benefits that make them popular for use in coatings such as ease of application; excellent flexibility; durability against water, solvents, oils, and other aggressive chemicals; low viscosity (so they don’t drip); quick drying time but require some solvent for good adhesion during application. They are also available in a wide range of colors so you can customize your paint job depending on its purpose.
On the basis of Application, the global anticorrosive waterborne coatings market is segmented into marine, oil & gas, infrastructure.
The marine sector is one of the major applications for anticorrosive waterborne coatings. The anti-corrosion properties are important in the marine environment where the salty atmosphere and seawater play an essential role in the corrosion process. Corroding phenomena can be prevented by applying anticorrosive waterborne coating because these paint products have excellent resistance to salt, acids, alkaline solutions, detergents, temperature, or chemicals solvents such as gasoline and diesel oil, etc.
The oil & gas sector is the other major application for anticorrosive waterborne coatings. Oil and natural gases have corrosive properties that can be prevented by applying an anti-corrosion layer on metal surfaces, which delays or even prevents the corrosion process by providing a protective barrier in between the metal surface and external environments such as air, moisture, or soil.
Waterborne anticorrosive coatings are also used in the infrastructure sector, where they protect metal and concrete surfaces from corrosion. They can also be applied to materials like wood to prevent rotting or decay. It is important for water tanks that store potable water to have a protective coating so as not to contaminate it with rust and other contaminants. Water-resistant metals like copper may lose their shine when exposed to constant contact with moisture if not coated by an anti-corrosion layer of paint or sealant made up of acrylics, epoxies, polyurethanes, etc., which make them more durable against outside factors such as rainwater that contains minerals like limestone dissolved into tap water (which is acidic and reacts with the metal) or saltwater (which contains chloride in high concentrations), which can even be corrosive.
On the basis of Region, the global anticorrosive waterborne coatings market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North American anticorrosive waterborne coatings market is expected to lead the global anticorrosive waterborne coatings market during the forecast period followed by Europe in terms of revenue generation due to rise in demand for anticorrosion protection from metal surfaces across various industrial applications such as fabrication and construction industries which have been witnessing continuous growth during 2016-2028. Latin America region will witness the highest CAGR among all regions during 2019-2028 owing to rising awareness about corrosion-free surface treatment along with the presence of key players operating in this region including Akzo Nobel Nederland BV (The Netherlands), BASF SE (Germany), The Dow Chemical Company (U.S.), and PPG Industries, Inc. (U.S.).
- Rising awareness about corrosion-free surface treatment.
- Increase in the adoption of industrial manufacturing processes which require longer service life of products and machinery components.
- The an increasing need for safety precautions against hazardous substances, such as lead.
- Presence of various regulatory bodies to set standards for anticorrosive waterborne coatings.
- Demand from emerging economies such as Brazil and India which are witnessing an increase in industrialization activities due to growing demand for raw materials, machinery equipment, etc., leading to the need for a higher level of corrosion protection on surfaces that come into contact with chemicals or other substances like metal oxides.
Up Market Research published a new report titled “Anticorrosive Waterborne Coatings Sales Market research report which is segmented by Types (Epoxy Coatings, Urethane Coatings, Acrylic Coatings, Others), By Applications (Marine, Oil & Gas, Infrastructure, Others), By Players/Companies PPG Industries, AkzoNobel, Hempel, Chugoku, Kansai, 3M, Nippon paints, VALSPAR, NEI Corporation, Sherwin-Williams, Jotun, DowDuPont, Rust-OLEUW9100, Jointas, Yunhu, Jiabaoli, Lanling, Jinda, Jinyu, Hongshi”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Anticorrosive Waterborne Coatings Sales Market Research Report|
|By Type||Epoxy Coatings, Urethane Coatings, Acrylic Coatings, Others|
|By Application||Marine, Oil & Gas, Infrastructure, Others|
|By Companies||PPG Industries, AkzoNobel, Hempel, Chugoku, Kansai, 3M, Nippon paints, VALSPAR, NEI Corporation, Sherwin-Williams, Jotun, DowDuPont, Rust-OLEUW9100, Jointas, Yunhu, Jiabaoli, Lanling, Jinda, Jinyu, Hongshi|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||245|
|Number of Tables & Figures||172|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Epoxy Coatings, Urethane Coatings, Acrylic Coatings, Others and By Application Marine, Oil & Gas, Infrastructure, Others.
Some of the companies that are profiled in this report are:
Anticorrosive Waterborne Coatings Sales Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Anticorrosive Waterborne Coatings Sales Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
Reasons to Purchase the Anticorrosive Waterborne Coatings Sales Market Report:
Some other reports from this category!