The drive for corrosion protection rubber coating stems from the pressing need for protecting metal and concrete surfaces from corrosion and chemical abrasion caused by environmental factors. The substantially rise in adoption of corrosion protection rubber coating in several process industries will expectedly accentuate the growth of the market. A new report by Transparency Market Research (TMR), titled “Corrosion Protection Rubber Coating Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017–2025”, offers detailed insight into key market dynamics influencing the present trajectory of the growth.
The analysis a granular assessment of notable trends, lucrative prospects, share and size of key segments, and the competitive dynamics. Hard rubber lining systems, a type of corrosion protection rubber coating, are witnessing widespread use for providing protection of equipment against abrasion in areas such waste incineration plants, water treatment plants, storage tanks, condenser, rail car tanks, valves, scrubbers, and piping. The presence of extreme chemical environments in these facilities which inhibits the functional aspect of equipment use is a notable factor bolstering their use.
The market is likely to robustly benefit from the notably rising demand for corrosion prevention technologies in the industries such as the oil and gas, automotive and transportation, energy and power, marine, mining and metallurgy, and construction. The substantial use of metal and concrete infrastructure in oil and gas processing facilities that are vulnerable to abrasion is a noteworthy factor bolstering the uptake.
Some of the key regional markets for corrosion protection rubber coating industry cab be North America, Asia Pacific, Europe, and the Middle East and Africa. Asia Pacific is a potentially lucrative regional market, fueled by rapid expansion of various end-use industries across the region. The strides in infrastructure in key economies, including in India and China, is catalyzing the demand for corrosion protection rubber coatings in the region.
Request to view Sample Report:
Key players vying for a sizeable stake in the corrosion protection rubber coating market include Sherwin-Williams, Polycorp Limited, Akzo Nobel NV, PPG Industries, Inc., Axalta Coating Systems, Koch Knight LLC, Holdings, Inc., BASF SE, and Ashland Global.