Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 10.80 Billion | USD 15.51 Billion | 4.62% | 2022 |
FrequentlyAsked Questions
Corrosion protection coatings are materials that are applied to a surface for protection against corrosion and improve surface durability.
The global corrosion protection coatings market is projected to grow owing to the increasing application of these materials in the oil & gas sector.
According to study, the global corrosion protection coatings market size was worth around USD 10.80 billion in 2022 and is predicted to grow to around USD 15.51 billion by 2030.
The CAGR value of corrosion protection coatings market is expected to be around 4.62% during 2023-2030.
The global corrosion protection coatings market is expected to witness the highest growth in Asia-Pacific during the forecast period.
The global corrosion protection coatings market is led by players like Valspar Corporation, AkzoNobel N.V., The Sherwin-Williams Company, PPG Industries, Inc., Nippon Paint Holdings Co., Ltd., Axalta Coating Systems, Tnemec Company, Inc., Hempel A/S, 3M Company, Jotun A/S, Carboline Company, Kansai Paint Co., Ltd., Wacker Chemie AG, BASF SE, and RPM International Inc., and others.
The report explores crucial aspects of the corrosion protection coatings market including detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.
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