Anti-corrosion paints protect various alloy and metal surfaces from degrading due to oxidation or exposure to various industrial or environmental chemicals. These paints act as a barrier to prevent contact between coated surfaces and corrosive materials/chemical compounds.
Anti-corrosive paints ensure long-lasting duration of metal components as these components are operated in harsh weather conditions and applications. There are several other ways of preventing metal corrosion. However, anti-corrosive paint application is the most preferred way as they offer protection against various factors such as high humidity, salt, and mist.
China’s Latest Breakthrough in Heavy-duty Anti-corrosion Coatings
Geographically, the Asia Pacific region is expected to account for a substantial share in the global anti-corrosion coating market. Developing nations in the APAC region, such as India and China, have comparatively lower labor costs, higher shipping traffic, and easy availability of feasible anti-corrosion solutions. These factors are considered to propel market growth in APAC.
In addition, rapid technological developments in the region are likely to augment anti-corrosion paint demand. For instance, recently, China made a major innovation in heavy-duty anti-corrosion paints by using modified graphene. According to the Chinese Academy of Sciences (CAS), the country has achieved a breakthrough with the latest innovation. Developed by a team of scientists led by an expert researcher and an academician, these new coatings can be used in marine engineering and equipment, petrochemical engineering, and state grid.
Market Insights
According to the findings of a report available on Radiant Insights, Inc., the global anti-corrosion coating market is likely to experience rapid growth over the forecast period (from 2017 to 2022). Growing demand for these coatings from a wide range of end-use industries including transportation, automotive, and construction is anticipated to spur market growth during the forecast years.
Key players in the anti-corrosion coating market include Akzo Nobel N.V.; Shenzhen Zhanchen Paints Co., Ltd.; Twin Tigers Coatings Co., Ltd.; Jiangsu Lanling Chemical Group Co., Ltd.; Shanghai Coatings Co., Ltd.; and RPM International, Inc.
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