The corrosion protective coatings market offers various products including epoxy resin, alkyd, polyurethane, and acrylic among others. These coating products provide surface protection against corrosion for metal and concrete surfaces. Epoxy resin coatings are commonly used for their excellent adhesion properties and chemical resistance. The growing infrastructure development activities around the world have increased the need for corrosion protection of structures which is a key factor driving increased demand for corrosion protective coatings.

The Global corrosion protective coatings market is estimated to be valued at US$ 29.09 Mn in 2024 and is expected to exhibit a CAGR of 4.3% over the forecast period 2024 To 2031.

Key Takeaways

Key players operating in the corrosion protective coatings are AstraZeneca PLC/AB, Bayer AG, Pfizer Inc., Cadila Pharmaceuticals Limited, Eisai Pharmaceuticals India Pvt. Ltd, Santarus, Inc., Wyeth, LLC, Janssen Pharmaceutica, Takeda Pharmaceutical Company Limited, Sanofi S.A, Aurobindo Pharma, Perrigo Company plc, Dr. Reddy's Laboratories, Aralez Pharmaceuticals Inc., RedHill Biopharma Ltd (ADR) and Cipla Limited. These players are focusing on new product development and expansion strategies to gain market share.

The growing demand from industries such as oil & gas, marine, infrastructure and power generation is a major factor contributing to the growth of the Corrosion Protective Coatings Market Size . Rapid industrialization and infrastructure development especially in Asia Pacific & Middle East regions have increased the demand for corrosion protective coatings.

The expansion of key players into newer regions through acquisitions and partnerships will be one of the key trends observed in the global corrosion protective coatings market. Many European and American coating manufacturers are exploring opportunities in Asia Pacific and Middle Eastern markets to leverage higher growth prospects.

Get more insights on This Topic- Corrosion Protective Coatings Market