The global Anti-Corrosion Coatings Market is likely to foresee impressive growth in the forthcoming years. The is ascribable to the latest innovations and accelerated globalization.

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

Anti-corrosion coatings are mainly used to protect several metal and other types of surfaces from natural degradation. Corrosive agents that include chemicals, moisture, or salt cause this natural degradation such as rust due to reaction. Globally, the industries such as oil & gas, petrochemicals, marine, and others suffer huge financial losses owing to corrosion. In addition to this, corrosion degrades the durability of structures rendering them weak and posing a threat to the property and life. However, anti-corrosion coating provide a barrier between the surface and the corrosion agents, while prolonging the structural built and improving its efficiency.

Regional Analysis:

Boost in Automotive Sector in Europe to Surge Demand

Among the regions, Europe will witness significant growth for the market owing to improving automotive sector during the forecast period. On the other hand, North America is expected to register promising growth for the market in the forthcoming years. This is attributable to factors such as rising demand for oil & gas, marine, and power generation industries. In Latin America, increasing infrastructural and industrial activities will contribute to the growth of the market during the forecast period. Overall, the market in the Middle East and Africa is anticipated to boost owing to increasing oil exploration activities in the forthcoming years.

Gain More Insights into the Anti-Corrosion Coatings Market Research Report

https://www.fortunebusinessinsights.com/anti-corrosion-coatings-market-102129

List of the Companies Operating in the Market:

• Akzo Nobel N.V.

• PPG Industries Inc.

• Axalta Coating Systems

• The Sherwin-Williams Company

• BASF SE

• Kansai Paint Co. Ltd.

• Valspar Corporation

• Asland Inc.

• Jotun

• RPM International Inc.

• Among others

PPG Acquiring DEUTEK S.A. to Promote Growth

On January 2017, PPG Industries, a Pittsburg-based company, announced its acquisition of DEUTEK S.A., a leading Romanian coating manufacturer. The acquisition will expand the paint coating market for PPG, which was confined to a small presence for architectural coatings market before the deal. Several companies operating in the market are trying to maintain market presence. Adoption of strategies by the companies to gain major anti-corrosion coatings market revenue will drive the growth of the market during the forecast period. Additionally, to maintain market stronghold the companies are expanding their horizon through merger and acquisition that will contribute for the growth of the market between 2019 and 2026.