Lucintel’s latest market report analyzed that high performance anticorrosion coating provides attractive opportunities in the oil and gas, infrastructure, automotive, power generation, marine, building & construction, and aerospace industries. The high performance anticorrosion coating market is expected to reach $11.5 billion by 2028 with a CAGR of 5%. In this market, resin type is the largest segment by resin type, whereas Oil & gas is largest by end use industry.
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Based on resin type, the high performance anticorrosion coating market is segmented into epoxy, zinc phosphate, vinyl esters, polyurethane, alkyd, and others. The resin type segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to its widespread application in end use industries, such as marine, mining, architectural, oil and gas industries because of its heat resistance and corrosion characteristics.
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The High Performance Anticorrosion Coating Market is marked by the presence of several big and small players. Some of the prominent players offering high performance anticorrosion coating include PPG, BASF SE, AkzoNobel NV, Nippon Paints, and RPM International.
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