Global Acid Proof Lining Market Report, Industry Trends and Opportunities
Posted by Alex Werner on January 7th, 2018
ACID PROOF LINING MARKET SIZE, 2018-2028
Global acid proof lining market size is projected to be valued over USD 4.6 billion in 2018. The product is gaining traction owing to its coating features that offers protection against mechanical abrasion. Acid proof lining coatings finds application across fiberglass, plastic piping, and steel structures. Increased industrialization rate has significantly led to higher adoption of acid proof lining across worldwide. For instance, the chemical, petrochemicals and steel processing industries demand acid proof lining such as ceramic brick lining, tile lining, and fluoropolymer lining.
Global Acid Proof Lining Market Dynamics: Industry Trends and Restraints
Worldwide acid proof lining market revenue will register upward trajectory during the forecast period (2018-2028), owing to increased industrial production ratio and chemical output. Manufacturing output has significantly improved developing regions of Asia Pacific and Latin America. Global manufacturing output is expected to be over 3% in 2018 – higher than 2.8% (2018-2028). Several government initiatives and programs such as Make in China and Make in India programs has led to opening of new avenues for FDI (foreign direct investment). As a matter of fact, the global manufacturing output has increased from ‘USD 9.2 Trillion in 2009 to USD 11.6 Trillion in 2015 – showcasing optimistic scenario for overall industry opportunity.
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End-use market is expected to grow significantly especially in electronics, industrial and construction sector. The acid proof lining market trends is segmented on the basis of application, technologies, and geography. On the basis of technology, market is segmented into carbon brick lining, ceramic brick lining, thermoplastic lining, tile lining, and fluoropolymer lining. Among these, thermoplastic lining is estimated to dominate the industry. It accounted for 66% share in 2016.
It will find its application across chemicals, petrochemicals, pharmaceuticals, power generation, metallurgy, steel processing, water treatment, and others.
Global Acid Proof Lining Market Size: Regional Outlook
The global acid proof lining industry value is analyzed across North America, Central and Eastern Europe, Western Europe, Latin America, Asia Pacific, Middle East, and Africa.
Asia Pacific acid proof lining market size will account for highest industry share and will dominate the market throughout the forecast period (2018-2028) owing to presence of large number of construction companies and industrial powerhouses. Furthermore, Asia Pacific is the global leader in electronics production – making it a preferred destination for acid proof industry players. It will account for over 46% of global acid proof lining market share.
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Next prominent region is Western Europe. The region is characterized by higher saturation, intense competition and emergence of disruptive solutions to business model – which in turn will create higher market opportunity for industry players. Germany will dominate the regional share with nearly 28% share in 2018. Germany is the industrial hub and will create new market opportunities for acid proof lining market players. EU has lost a dramatic acid proof lining market share from 39% in 2006 to just 23% in 2017. It is expected that industry will stabilize over the forecast period.
Global Acid Proof Lining Market Opportunity: Competition Landscape
Some key acid proofing lining industry players are Steuler-Kch GmbH, Atlas Minerals and Chemicals, SGL Group, Hurner Funken GmbH, Arcoy Industries, Durosil Products Ltd, Dongyu Refractory and Engineering Ltd, Brant Corrossion, and Henkel Surface Technologies Corp.
These key players focuses primarily on product level strategy and are adopting inorganic strategy to maintain their market presence.
Bekryl Market Analysts is global market research and consulting service firm that helps industry stakeholders to take smarter decisions and achieve remarkable growth in today's disruptive business environment. We bring together data, leader's opinion and analytical service to help client define their growth strategy ranging from mergers and acquisitions based strategic decisions to finding market opportunity in business verticals namely chemicals, food & beverages, automotive, electronics and industrial production.
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About the AuthorAlex Werner
Joined: December 7th, 2017
Articles Posted: 25
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