Anti-Corrosion Coatings Market
                     Anti-Corrosion Coatings Market  Development Trends, Threats, Future Outlook and 
Challenges till 2027
Market Overview
Anti-corrosion coatings protect the material from degradation due to physical contact or exposure to
air, water, and chemicals. The coating acts as a barrier or sacrificial material. The advantages of 
corrosion coatings include increased lifespan, and reduced operating costs. It also imparts various 
beneficial properties such as increased gloss or color appearance, durability, increased hardness, 
increased durability, and abrasion protection. Corrosion can lead to increased monetary losses in the
form of repair costs, cleanup costs and loss of revenue due to non-productive time. The cost 
incurred due to corrosion globally is US$ 2.2 trillion, which is over 3% of the world’s GDP and 
more than the GDP of India alone.
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Market Dynamics
A major challenge to anti-corrosion coatings market is using of alternatives materials, which are 
Fiberglass Reinforced Plastic (FRP), polymers and thermoplastics. Usage of these metals eliminates
the need for anti-corrosion coatings. Also, the key raw materials for coatings manufacture is from 
the oil industry. The unstable oil industry will affect availability of raw materials and manufacture 
of coatings.
Anti-Corrosion Coatings Market Taxonomy
On basis of Coating type
•Epoxy Coating
•Polyurethane Coating
•Acrylic Coating
•Alkyd Coating
•Vinyl and Chlorinated Rubber Coatings
•Silicone
•Zinc-Rich Primers
•Others
On basis of Coating Technology
•Liquid Coating
•Solvent borne
•Water borne
•Powder Coating
•Others (Laser, Radiation-cured etc.)
Major players in the anti-corrosion coating market include BASF, Ashland Inc., Nippon Paint Co. 
Ltd., AkzoNobel N.V., Jotun A/S, Axalta Coating System Ltd., The Sherwin-Williams Company, 
Kansai Paints Co. Ltd., PPG Industries Inc. and Hempel A/S.
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