Anti-corrosion Coatings Market (By Type: Water-based, Solvent-based, Powder and Others; By Material: Polyurethane, Epoxy, Acrylic, Alkyd, Zinc and Others; By End User: Building & Construction, Oil & Gas, Marine, Aerospace and Defense, Automotive & Rail and Others) - Global Market Size, Share, Trends Analysis, Segment Forecasts, Regional Outlook 2023 - 2032

The global anti-corrosion coatings market size was accounted for USD 34.26 billion in 2023 and is predicted to surpass around USD 54.10 billion by the end of 2032, representing impressive CAGR of 5.21% during the forecast period 2023 to 2032. North America market has generated the revenue share of over 38% in 2022.

Anti Corrosion Coatings Market Size 2023 to 2032

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Key Takeaways

  • North America led the global market with the largest market share in 2022.
  • By Type, the solvent-based technology segment had the biggest market share in 2022.
  • By End-User, the oil & gas segment has held the largest revenue share in 2022.
  • By Material, the acrylic material segment has held the highest market share in 2022.

Anti-corrosion Coatings Market in the U.S. 2023 To 2032

The U.S. anti-corrosion coatings market size was valued at USD 9.05 billion in 2023 and is expected to hit around USD 14.04 billion by 2032, rising at a CAGR of 5% from 2023 to 2032.

U.S. Anti-corrosion Coatings Market Size 2023 to 2032

North America is Estimated to be the Largest Market for Anti-corrosion Coatings

The research report covers key inclinations and forecasts of anti-corrosion coatings products across diverse top graphical regions such as North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa. In the past few years, the U.S. has exceeded both Saudi Arabia and Russia as the world’s one of the leading producers of natural gas and oil. As the installation of pipelines upsurges, so does the risk of corrosion that emphasizes the necessity for pipeline protection. As per, National Association of Corrosion Engineers, global cost of corrosion was around USD 2.5 trillion in 2016. If the industry endures its upward path, the influence of corroded steel pipelines on the financial data is anticipated to increase.

Augmented investments in the marine, construction, and energy sectors in India and China are responsible for changing industry tendencies, which is projected to stimulate the growth of anti-corrosion coatings market. China is the largest user of anti-corrosion coatings across the world. This is mainly due to the increasing energy demand and necessity of maintenance in the transportation sector.

Anti-corrosion Coatings Market Overview

Anti-corrosion coatings are crucial tool for preventing challenges of rust across several industries. This type of coating finds application under several areas including automobiles tunnels, bridges, and protection of structures in few of the toughest environments. Anti-corrosion coatings have become an inevitability for businesses to defend the enormous investments they make in terms of property, money, and protection of workforces. These coatings are employed extensively in sectors like oil and gas, marine, petrochemical, power generation, infrastructure, and others.

Anti-corrosion Coatings Market Scope 

Report Highlights Details
Market Size in 2023 USD 34.26 Billion
Market Size by 2032 USD 54.1 Billion
Growth Rate from 2023 to 2032 CAGR of 5.21%
Largest Market North America
Fastest Growing Market Asia Pacific
Base Year 2022
Forecast Period 2023 to 2032
Segments Covered By Type, By Material and ByEnd User
Companies Mentioned Akzo Nobel N.V., Axalta Coating Systems, LLC, Kansai Paint Co., Ltd., BASF SE, Ashland, Hempel A/S, Jotun, PPG Industries, Inc.


Crucial factors accountable for market growth are:

  • Escalating requirement for thin-walled durable metallic components in the engineering of lightweight products
  • Development of oil and gas exploration operations in North America and Asia-pacific
  • Power plants anticipated to deliver development outlook to high-performance anti-corrosion coatings

Type Insights

Solvent-Based Technology Segment Recorded Prime Market Share in 2022

The solvent-based technology segment led the global anti-corrosion coatings market and reported for above 47% share in terms of revenue in 2022. This high market stake is responsible to the intensifying demand for manufacturing machines, industrial tanks, pipes, chemical storage tanks, ballast tanks, gas ducts, smoke stacks and cooling towers. Furthermore, solvent-based corrosion protection coating needs low drying time, displays humidity, enhanced temperature, and abrasion resistance.

End-User Insights

Oil and Gas Application Sector Foretold to Emerge as Dominant Segment during Estimate Period

Anti-corrosion coating finds usage in care homes, hospitals, and drop-in centers for the product such as handles, floors, beds, ceiling paints and walls. Among all, oil & gas application segment dominated the overall market and seized above 37% share of the total revenue in 2022. This high market cut is credited to the high importance and widespread practice of corrosion protection coating in this application segment. Further, the anti-corrosion coating reduces the risk of microbes and expands surface finish and abrasion resistance.

Material Insights

Acrylic Material Segment is Projected to Govern the Anti-corrosion Coatings Market Revenue

Out of different material segment covered in the report, acrylic material segment conquered the market revenue with over 44% share in 2022. This high share is credited to outstanding properties offered by these materials including resistance to oxidation and weathering. Acrylic coatings are principally water-based, which bid comfort of handling and improved performance in a extensive range of areas such as roof coating, wall coating, and less cost in comparison with other materials

Anti-corrosion Coatings Market Players

Prominent market participants are emphasizing on tactics such as novel product launch, business development, collaborations and acquisition to withstand the strong market rivalry. Leading competitors contending in global anti-corrosion Coatings market are as follows:

  • Akzo Nobel N.V.
  • Axalta Coating Systems, LLC
  • Kansai Paint Co., Ltd.
  • Ashland
  • Hempel A/S
  • Jotun
  • PPG Industries, Inc.
  • The Sherwin-Williams Company

In order to better recognize the current status of acceptance of Anti-corrosion Coatings, and policies adopted by the foremost countries, Precedence Research predicted the future evolution of the Anti-corrosion Coatings market. This research study bids qualitative and quantitative insights on the Anti-corrosion Coatings market and an assessment of the market size and growth trends for potential market segments.

Major Market Segments Covered:

By Type

  • Water-based
  • Solvent-based
  • Powder
  • Others

By End-User

  • Building & Construction
  • Oil & Gas
  • Marine
  • Aerospace and Defense
  • Automotive & Rail
  • Others

By Material

  • Polyurethane
  • Epoxy
  • Acrylic
  • Alkyd
  • Zinc
  • Others

By Geography

    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • France
      • United Kingdom
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Southeast Asia
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Rest of Latin America
    • Middle East & Africa (MEA)
      • GCC
      • North Africa
      • South Africa
      • Rest of Middle East & Africa

Frequently Asked Questions

What is the current size of the global anti-corrosion coatings market?
The global anti-corrosion coatings market was estimated at USD 34.26 billion in 2023 and is expanding around USD 54.10 billion by 2032.
What is the CAGR of anti-corrosion coatings market?
The global anti-corrosion coatings market is growing at a impressive CAGR of 5.21% during the forecast period 2023 to 2032.
What are the growth factors of the anti-corrosion coatings market?
Increasing need for anti-corrosion coatings in sectors like building & construction, oil & gas, and marine, is predictable to push the growth of the market during years to come.
Which application sector was stated for the greater share in anti-corrosion coatings market in 2022?
In 2022, the oil & gas application sector stated for the greater share of over 37% and will hold the leading position during the estimated timeframe
What was the revenue share of acrylic material segment in anti-corrosion coatings market?
The acrylic material segment conquered the market revenue with over 42% share in 2022.
Which technology segment led the global anti-corrosion coatings market?
The solvent-based technology segment led the global anti-corrosion coatings market and reported for above 47% share in terms of revenue in 2022.
What is anti-corrosion coatings?
Anti-corrosion coatings are one of the most efficient and reasonable solutions for handling corrosion. Anti-corrosion coatings are employed to defend metal or other surfaces from natural degradation instigated by diverse corrosive agents including chemicals, moisture,and salt.
What are the categorization of anti-corrosion coatings?
Anti-corrosion coatings are categorized into polyurethane, epoxy, acrylic, alkyd, zinc, chlorinated rubber. Other coatings include fluorocarbons, silicates, co-polymers, graphene glass flakes and ceramic.
Which region is estimated to be the largest for anti-corrosion coatings market?
North America is estimated to be the largest market for anti-corrosion coatings.


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