Anticorrosive Coatings Market Report 2025 (Global Edition)

Global Anticorrosive Coatings Market Report 2025 Market Size Split by Technology (Solvent-based, Water-based, Powder, Others), by Material (Acrylic, Alkyd, Polyurethane, Ероху, Zinc, Others), by ...

Anticorrosive Coatings Market Report Description

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Anticorrosive Coatings Market Insights Video

Competitive Landscape of the Anticorrosive Coatings Market

The Anticorrosive Coatings Market is a dynamic environment with a variety of competitors contending for market dominance. Companies are constantly looking for ways to expand their reach with strategies such as business acquisitions and introducing innovative coating solutions. Key players include established coatings and chemical companies, alongside specialized coating producers and rising startups that are bringing new and improved anticorrosive solutions to the market.

April 2024: BASF announced that the company is expanding its e-coat manufacturing facility in Mangalore, India, to address the increasing demand from automotive manufacturers in India and the surrounding South Asian and ASEAN markets. The expanded facility will have the capability to produce the latest generation of anticorrosive e-coat products, such as CathoGuard 800 RE, which offers lower consumption, increased efficiency, and higher reactivity for electric vehicles. (Source: https://www.basf.com/in/en/media/news-releases/asia-pacific/2024/04/apac-24-14.html) April 2022: PPG announced that the company has completed the acquisition of the powder coatings manufacturing business of Arsonsisi, an industrial coatings company based in Milan, Italy. The transaction provides PPG with a highly automated, small- and large-batch capable powder manufacturing plant in Verbania, Italy, as well as metallic bonding capabilities in the Europe, Middle East and Africa (EMEA) region. Through this acquisition, PPG aims to enhance its product portfolio and market presence. (Source: https://news.ppg.com/press-releases/press-release-details/2022/PPG-Completes-Acquisition-of-Arsonsisis-Powder-Coatings-Manufacturing-Business/default.aspx#:~:text=April%201%2C%202022,company%20based%20in%20Milan%2C%20Italy.)

Top Companies Market Share in Anticorrosive Coatings Industry: (In no particular order of Rank)

• PPG Industries
• Inc.
• AkzoNobel N.V.
• The Sherwin-Williams Company
• Jotun Group
• Kansai Paint Co.
• Ltd.
• Axalta Coating Systems Ltd.
• BASF SE
• Hempel A/S
• RPM International Inc.
• Nippon Paint Holdings Co.
• Ltd.
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Anticorrosive Coatings Market

Which Region will dominate the Anticorrosive Coatings Market in 2024 ?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global due to the region's robust infrastructure development and renovation projects, particularly in the United States and Canada, that significantly increase the demand for corrosion protection solutions. Additionally, the presence of a well-established automotive and aerospace industry necessitates the use of high-performance anticorrosive coatings. The oil and gas sector, a major consumer of these coatings, also contributes to market growth due to ongoing exploration and production activities. Furthermore, stringent environmental regulations and increasing awareness about asset preservation and maintenance are propelling the adoption of advanced anticorrosive coatings in the region.

Which Region is Expanding at the Fastest CAGR ?

Asia Pacific stands out as the fastest-growing region in the Anticorrosive Coatings Market due to rapid industrialization and urbanization in countries like China, India, and Southeast Asian nations that are leading to substantial infrastructure development. The region's booming construction sector, along with significant investments in public infrastructure projects such as bridges, highways, and airports, further fuels market growth. Additionally, the expanding automotive and marine industries in Asia Pacific contribute to the rising demand for high-performance anticorrosive coatings. The oil and gas sector's activities, especially offshore exploration and production, also play a pivotal role. Moreover, growing awareness about the importance of maintenance and asset protection, coupled with stringent environmental regulations, is driving the adoption of advanced, eco-friendly anticorrosive coatings across the region.

 

The current report Scope analyzes Anticorrosive Coatings Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Anticorrosive Coatings

According to Cognitive Market Research, the global Anticorrosive Coatings Market size was estimated at USD 35241.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 14096.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Anticorrosive Coatings market with a market size of USD 11122.12 million in 2024 and is projected to grow at a CAGR of 2.00% during the forecast period. The demand is amplified by the expansion of infrastructure projects and renovations spurred by economic growth and urban development.
• The Canada Anticorrosive Coatings Market had a market share of USD 1691.58 million in 2024 and is projected to grow at a CAGR of 3.00% during the forecast period. Canada's extensive pipeline network expansion projects, which require robust corrosion protection solutions to ensure operational integrity and environmental compliance, driving the demand for Anticorrosive Coatings.
• The Mexico Anticorrosive Coatings Market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 1282.78 million in 2024.

Europe Anticorrosive Coatings

According to Cognitive Market Research, the global Anticorrosive Coatings Market size was estimated at USD 35241.2 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 10572.36 million in 2024 and will grow to a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031.

• The United Kingdom Anticorrosive Coatings Market had a market share of USD 1776.16 million in 2024 and is projected to grow at a CAGR of 3.30% during the forecast period. In the UK, Anticorrosive Coatings sales witness an upswing due to extensive investments in infrastructure refurbishment and maintenance projects aimed at enhancing the durability and longevity of critical assets.
• The France Anticorrosive Coatings Market is projected to witness growth at a CAGR of 1.70% during the forecast period, with a market size of USD 972.66 million in 2024.
• According to Cognitive Market Research, the Germany Anticorrosive Coatings Market size was valued at USD 2093.33 million in 2024 and is projected to grow at a CAGR of 2.70% during the forecast period. In Germany, Anticorrosive Coatings sales surged due robust industrial sector, particularly in automotive and machinery manufacturing, where advanced corrosion protection is crucial for extending equipment lifespan and ensuring operational reliability.
• The Italy Anticorrosive Coatings Market is projected to witness growth at a CAGR of 1.9% during the forecast period, with a market size of USD 909.22 million in 2024.
• The Russia Anticorrosive Coatings Market is projected to witness growth at a CAGR of 1.5% during the forecast period, with a market size of USD 1638.72 million in 2024.
• The Spain Anticorrosive Coatings Market is projected to witness growth at a CAGR of 1.6% during the forecast period with a market size of USD 866.93 million in 2024
• The Luxembourg Anticorrosive Coatings Market is projected to witness growth at a CAGR of 2.6% during the forecast period, with a market size of USD 327.74 million in 2024.
• The Portugal Anticorrosive Coatings Market is projected to witness growth at a CAGR of 2.3% during the forecast period, with a market size of USD 222.02 million in 2024.
• The Greece Anticorrosive Coatings Market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 126.87 million in 2024.
• The Rest of Europe's Anticorrosive Coatings Market is projected to witness growth at a CAGR of 1.2% during the forecast period, with a market size of USD 1638.72 million in 2024.

Asia Pacific Anticorrosive Coatings

According to Cognitive Market Research, the global Anticorrosive Coatings Market size was estimated at USD 35241.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 8105.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.

• According to Cognitive Market Research, the China Anticorrosive Coatings Market size was valued at USD 3647.46 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Anticorrosive Coatings sales surged in China due to extensive infrastructure investments, including transportation and energy sectors, which require robust corrosion protection solutions.
• The Japan Anticorrosive Coatings Market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 1118.56 million in 2024.
• The India Anticorrosive Coatings Market had a market share of USD 972.66 million in 2024 and is projected to grow at a CAGR of 7.8% during the forecast period. In India, the expansion of the automotive manufacturing sector, which demands high-quality coatings to protect vehicles from corrosion in diverse climatic conditions across the country, is driving demand.
• The South Korea Anticorrosive Coatings Market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 810.55 million in 2024.
• The Australia Anticorrosive Coatings Market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 421.48 million in 2024.
• The South East Asia Anticorrosive Coatings Market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 559.28 million in 2024.
• The Rest of Asia Pacific Anticorrosive Coatings Market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 575.49 million in 2024.

South America Anticorrosive Coatings

According to Cognitive Market Research, the global Anticorrosive Coatings Market size was estimated at USD 35241.2 Million, out of which Latin America held the market of around 4.00% of the global revenue with a market size of USD 1762.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031

• According to Cognitive Market Research, the Brazil Anticorrosive Coatings Market size was valued at USD 754.16 million in 2024 and is projected to grow at a CAGR of 4.00% during the forecast period. Anticorrosive Coatings sales flourished in Brazil due to extensive agricultural and mining sectors, which require durable coatings to protect equipment and infrastructure from corrosion in challenging environmental conditions.
• Argentina Anticorrosive Coatings Market had a market share of USD 296.03 million in 2024 and is projected to grow at a CAGR of 4.30% during the forecast period. In Argentina, significant investments in infrastructure development, including transportation and energy sectors, enhance the longevity and reliability of critical assets across the country.
• Colombia Anticorrosive Coatings Market is projected to witness growth at a CAGR of 3.20% during the forecast period, with a market size of USD 156.82 million in 2024.
• Peru Anticorrosive Coatings Market is projected to witness growth at a CAGR of 3.60% during the forecast period, with a market size of USD 144.49 million in 2024.
• The Chile Anticorrosive Coatings Market is projected to witness growth at a CAGR of 3.70% during the forecast period, with a market size of USD 126.87 million in 2024.
• The Rest of Latin America Anticorrosive Coatings Market is projected to witness growth at a CAGR of 2.50% during the forecast period, with a market size of USD 283.69 million in 2024.

Middle East and Africa Anticorrosive Coatings

According to Cognitive Market Research, the global Anticorrosive Coatings Market size was estimated at USD 35241.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 704.82 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.70% from 2024 to 2031.

• The GCC Countries Anticorrosive Coatings Market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 301.66 million in 2024. Anticorrosive Coatings sales flourish due to significant investments in offshore oil and gas exploration and production activities, which require robust corrosion protection solutions to safeguard infrastructure in marine environments.
• The Egypt Anticorrosive Coatings Market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 74.01 million in 2024
• The South Africa Anticorrosive Coatings Market is projected to witness growth at a CAGR of 4.70% during the forecast period, with a market size of USD 111.36 million in 2024. Anticorrosive Coatings sales flourish in South Africa due to the extensive mining industry, which requires durable coatings to protect equipment and infrastructure from harsh environmental conditions.
• The Turkey Anticorrosive Coatings Market is projected to witness growth at a CAGR of 3.20% during the forecast period, with a market size of USD 60.61 million in 2024.
• The Nigeria Anticorrosive Coatings Market is projected to witness growth at a CAGR of 2.80% during the forecast period, with a market size of USD 74.01 million in 2024.
• The Rest of the MEA Anticorrosive Coatings Market is projected to witness growth at a CAGR of 2.70% during the forecast period, with a market size of USD 83.17 million in 2024.

Anticorrosive Coatings Market Analysis

Anticorrosive Coatings Market Technology Segment Analysis

According to Cognitive Market Research, the Solvent-based segment holds the largest market share primarily due to their robust properties and widespread applications. These coatings are highly effective in providing durable and long-lasting protection against corrosion. They offer excellent adhesion, resistance to harsh environmental conditions, and a broad range of applications across various industries such as marine, oil and gas, and industrial machinery. The high performance and versatility of solvent-based coatings make them the preferred choice for many heavy-duty and critical applications, contributing to their substantial market share. Additionally, solvent-based coatings are relatively easy to apply and cure under a wide range of environmental conditions, further enhancing their popularity and widespread use.

Water-based emerges as the fastest-growing category in the Anticorrosive Coatings Market. These coatings emit lower levels of volatile organic compounds (VOCs) compared to solvent-based coatings, making them more environmentally friendly and safer for workers. As regulatory bodies worldwide, particularly in Europe and North America, impose stricter environmental standards, industries are shifting towards sustainable and eco-friendly alternatives. This shift is further accelerated by growing consumer and industry awareness of environmental issues. Technological advancements have also improved the performance of water-based coatings, making them more competitive with solvent-based options. Industries such as automotive, construction, and infrastructure are increasingly adopting water-based coatings due to their improved durability, ease of application, and compliance with environmental standards.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Anticorrosive Coatings Industry. Request a Free Sample PDF!

Anticorrosive Coatings Market Material Segment Analysis

According to Cognitive Market Research, Epoxy anticorrosive coatings currently hold the largest share of the Anticorrosive Coatings Market due to their exceptional protective properties and versatility. These coatings are highly effective in providing strong adhesion, chemical resistance, and durability, making them ideal for protecting metal substrates in harsh environments. Epoxy coatings are widely used in industries such as marine, oil and gas, and industrial machinery, where the demand for long-lasting and robust protection is critical. Additionally, epoxy coatings offer excellent performance in both new construction and maintenance applications, further contributing to their widespread adoption. The ability of epoxy coatings to form a hard, durable finish that can withstand heavy mechanical wear and harsh environmental conditions makes them the preferred choice for many industrial applications, thus securing the largest market share.

The Polyurethane segment is expected to be the fastest-growing subsegment in the Anticorrosive Coatings Market, driven by its superior performance characteristics and expanding applications. Polyurethane coatings are known for their excellent flexibility, abrasion resistance, and UV stability, making them suitable for a wide range of environments and conditions. These coatings are increasingly being adopted in industries such as automotive, aerospace, and infrastructure, where aesthetic appeal and long-term durability are essential. The rapid growth of polyurethane coatings is also supported by advancements in formulation technologies, which have enhanced their protective capabilities and application ease. Furthermore, the growing emphasis on sustainability and the development of low-VOC and eco-friendly polyurethane coatings align with environmental regulations and market trends, boosting their adoption.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Anticorrosive Coatings Application Segment Analysis

Anticorrosive Coatings Market Application Segment Analysis

According to Cognitive Market Research, Oil & Gas currently holds the largest market share due to its extensive need for protective solutions in highly corrosive environments. This sector involves the exploration, extraction, and transportation of oil and gas, which expose infrastructure and equipment to harsh conditions, including saltwater, chemicals, and extreme temperatures. Anticorrosive coatings are critical for protecting pipelines, offshore platforms, storage tanks, and refineries from corrosion, thereby ensuring operational efficiency, safety, and longevity. The high cost and critical nature of oil and gas infrastructure necessitate the use of durable and effective coatings, driving the substantial market share of this subsegment. Additionally, the ongoing demand for energy and the continuous expansion of oil and gas activities globally contribute to the steady demand for anticorrosive coatings in this industry.

The Building & Construction segment is experiencing rapid growth, fueled by rapid urbanization, infrastructure development, and the need for sustainable construction practices. As countries invest heavily in building new infrastructure and renovating existing structures, there is a growing demand for coatings that protect steel and concrete from corrosion. The increasing focus on infrastructure resilience and longevity, coupled with stringent building codes and regulations, is driving the adoption of high-performance anticorrosive coatings in the construction sector. Furthermore, advancements in coating technologies, including the development of environmentally friendly and low-VOC coatings, align with the construction industry’s sustainability goals. The rise in public infrastructure projects, such as bridges, highways, and airports, particularly in emerging economies, further accelerates the growth of the building & construction subsegment.

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

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

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• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
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• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
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