A new Future Market Insights (FMI) study offers a 10 year (2015 - 2025) forecast for the global corrosion protective coatings and acid proof lining market. The market is expected to register a CAGR of 6.2% by value over the forecast period. The study analyses market dynamics and trends in the seven regions that influence the current nature and future status of corrosion protective coatings and acid proof lining over the forecast period.
Corrosion protective coatings are used by industries worldwide to protect their products from degradation, most commonly caused by moisture, salt spray, oxidation and a number of chemical-based occurrences that prove harmful to metals and alloys.
The mechanisms by which corrosion protective coatings work can be generally differentiated into three, namely: creation of barriers between the environment and the substrate material, inhibition of the corrosion processes and coatings acting as sacrificial materials.
Zinc and titanium dioxide compounds are essential ingredients in corrosion protective coatings and the overall paints and coatings industry.
Key players in the industry include BASF Coatings GmbH, PPG Industries Inc., The Sherwin Williams Company, Ashland Inc., Axalta Coating Ltd., International Paint Limited, Hempel A/S and Jotun A/S.
Adapted from press release by Rosalie Starling
Read the article online at: https://www.hydrocarbonengineering.com/refining/07072016/global-corrosion-protective-coatings-and-acid-proof-lining-market-study-3661/