Future of Corrosion Protection Rubber Linings and Coatings Market by 2022

Posted by Jack Martin on September 29th, 2017

According to a latest research by Future Market Insights (FMI), the global market for corrosion protection rubber linings and coatings will register a healthy expansion during the forecast period (2017-2022). The global corrosion protection rubber linings and coatings market is estimated to account for nearly US$ 12,000 Mn revenues by 2022-end.

Manufacturers focusing on Development of Highly-volatile Deterioration-resistant Materials

Shifting end-user preferences from solvent-borne solutions to water-borne solutions is a key trend being observed in the market currently. Manufacturers of corrosion protection products are increasingly focusing on safeguarding various end-use sector’s operational performance. These manufacturers are also taking steps to cater the imperative need of preventing exterior corrosion of industrial surfaces. In addition, the focus on development of highly-volatile deterioration-resistant materials is increasing on the back of growing inclination towards technologically-advanced corrosion coating.

View and Download TOC of Report @ https://www.futuremarketinsights.com/reports/corrosion-protection-rubber-linings-and-coatings-market/toc

Industrial Facilities built from Carbon Steel at High Risk of Corrosion

Global leading manufacturers of corrosion protection rubber linings and coatings are making heavy investments in research and development activities, in a bid to develop new techniques for complete prevention of corrosion. Various industrial facilities, ranging from processing equipment, water treatment plants, oil & natural gas tank farms, to pipelines, are at huge risk of corrosion, especially the ones whose structures are made of carbon steel. This is mainly because carbon steel is highly prone to corrosion, which has resulted into production downtime, and repair & replacement activities.

Several proactive industries are therefore moving beyond traditional techniques that are only capable of slowing down the corrosion. The industries are further shifting towards adoption of novel techniques, which enable complete prevention from corrosion, thereby minimising cost, and production downtime needed to replace, repair, or recoat the corroded equipment or material. According to World Corrosion Organisation, over 3% of world’s GDP is spent on corrosion-related activities across the globe annually.

Solvent-borne Form Type Segment to Account for over 40% Revenue Share of the Market

Projected to account for over 40% revenue share of the market during 2017 to 2022, solvent-borne segment by form type is expected to remain dominant in the global corrosion protection rubber linings and coatings market. In addition, water-borne segment is expected to witness a relatively faster expansion in sales through 2022. As solvents comprise of harmful chemicals, end-users are now preferring water-borne solutions over solvent-borne for corrosion protection.

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Jack Martin

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Jack Martin
Joined: August 7th, 2017
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