Global Anti-corrosion Coating Market 2023
                     Global Anti Corrosion Coating Market 2023
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Global Anti Corrosion Coating Market 2023
Global Anti-corrosion Coating Market 2023: Industry Survey, 
Growth, Competitive Landscape and Forecasts to 2023
• Anti-corrosion coatings have a wide number of applications which make them indispensable in a 
variety of industries. Market Research Future (MRFR), has observed that the market is set to display 
a CAGR of 5.3% during the assessment period of 2016 to 2023. Coatings with corrosion resistance 
are highly useful in a variety of industries where metals are used extensively. Significant growth of 
the market is expected to generate a market value of approximately USD 33.27 Bn by the end of the 
forecast period.
• Anticorrosion coating has applications in oil & gas, marine, automotive, transportation, and many 
other industries where metals are used extensively. Several of these industries are witnessing rapid 
growth which drives the demand for anti-corrosion coatings. Increased demand for energy has 
boosted the use of anti-corrosion coating in the oil & gas as well as the energy sector. 
• The variety of metals and alloys for which specific anti-corrosion coatings must be produced is 
another factor which contributes to the growth of the global market. Another key driver of the 
market is the benefits that the use of anti-corrosion coatings offer. 
• The durability of the surface, and reducing the destructive effects of corrosion on metal are highly 
desirable properties as it is more cost effective. Moreover, infrastructure is updated on an ongoing 
basis which leads to consistent demand for anti-corrosion coatings. 
• The growth of the marine and shipbuilding industry due to growing offshore activities is a key factor 
driving the anti-corrosion coatings market. Development of coatings with minimal environmental 
impact is expected to lead to opportunities for growth of the global anti-corrosion coatings market.
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Global Anti Corrosion Coating Market 2023
Competitive Landscape
• Prominent players in the global anti-corrosion coatings market include PPG Industries, 
• Wacker Chemie AG, 
• RPM International Inc., 
• 3M, Hempel Group,Valspar, 
• Kansai Paint Co. Ltd, Bluchem, 
• BASF SE, 
• The Dow Chemical Company 
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Global Anti Corrosion Coating Market 2023
Regional Analysis
• The Asia Pacific has the largest share of the global anti-corrosion coatings market with China and 
Japan leading regional market growth. 
• The APAC market displays a high demand for water based and solvent based coatings, particularly in 
emerging economies such as India, Taiwan, and South Korea. Moreover, there is a high production 
of anti-corrosion coatings in the region due to the region's reputation as a manufacturing hub.
• North America is the second largest market for the production of anti-corrosion water based and 
solvent based coatings. Led by the U.S, the North American region has a high concentration of 
leading market players.      
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Global Anti Corrosion Coating Market 2023
Application & Major Players in this Research:
•  automotive, energy, 
• marine, 
• shipbuilding, 
• oil & gas
•  transport, 
• powder coatings,
•  water-based coatings,
•  solvent-based coatings, 
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