The Global Market for Anti-Corrosion Nanocoatings: Revenue Growth, Key Players, Qualitative Analysis, Quantitative Analysis, Forecast 2020-2030

Corrosion in its various forms is estimated to cost the global economy $3 trillion a year. The current world market size for anti-corrosion coatings is over $12 billion. With increased demand from energy and mining resources the market growth is estimated to be around 4.5% per annum.

Growth in nanocoatings will be above the CAGR due to their ability to provide excellent chemical and abrasion resistance with excellent adhesion and meet regulatory requirements. The majority of current product in anticorrosion coatings is directed towards meeting these stringent environmental standards dealing with emissions of volatile organic compounds (VOCs), especially in North America and Europe. Main growth markets are in water filtration and treatment, oil and gas pipeline coatings and wind turbine coatings.

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There is a market need for a cost-effective non-epoxy-based corrosion resistant coating operable in environments of temperature swings, strong acid, water, and/or road salt. Nanoparticle materials have a very high surface area. When this surface is functionalized, it can deliver high loadings of organic corrosion inhibitors. Thus, tailored nanoparticles are the ideal carrier for delivery of the needed level of active corrosion inhibitors.

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

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Hina Miyazu

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Christophe Rude

Christophe Rude

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