The market for corrosion protective coatings and acid-proof linings is predicted to reach USD 9.77 billion by 2029, growing at a 5% CAGR during the forecast period. The growth of this market is being driven by increasing demand from industries such as oil and gas, marine, petrochemical, power generation, and mining. These sectors require high-performance coatings and linings to protect their assets from corrosion and other forms of damage, extending the lifespan of their equipment and structures while reducing maintenance costs and downtime.
Key players in this market include BASF Coatings GmbH, PPG Industries, The Sherwin-Williams Company, and Ashland Inc, known for their innovative products, advanced technologies, and strategic partnerships. BASF Coatings GmbH offers high-performance coatings for applications such as oil and gas pipelines, chemical plants, and power generation facilities.
PPG Industries provides acid-proof linings for tanks, vessels, and other equipment used in the chemical and petrochemical industries. The Sherwin-Williams Company offers protective coatings for marine, oil and gas, and industrial applications, while Ashland Inc. provides specialty chemicals and coatings for various industries.
As more industries seek to protect their assets and reduce maintenance costs, the demand for corrosion-protective coatings and acid-proof linings is expected to continue to grow. With leading companies driving innovation and technological advancement in this space, the future looks promising for the corrosion protection industry.