Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Corrosion Protection Coating Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Projected Market Size of the Corrosion Protection Coating Industry in 2024 and 2025?
The market size of the Corrosion Protection Coating industry has experienced consistent growth, having a projected increase from $17.82 billion in 2024 to $18.68 billion in 2025. This represents a Compound Annual Growth Rate (CAGR) of 4.8%.
What Is the Projected Market Size of the Corrosion Protection Coating Market in 2029?
The Corrosion Protection Coating market is projected to reach a market size of $24.27 billion in 2029, growing at a compound annual growth rate (CAGR) of 6.8%.
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What Are the Key Drivers of Corrosion Protection Coating Market Growth?
The key Drivers in the corrosion protection coating market are:
• Growth in the oil and gas industry
• Economic expansion leading to increased demand for oil and gas products
• Higher requirement for coatings that protect steel structures from corrosion in the oil and gas industry
• Increased consumption of natural gas and crude oil pushing demand for corrosion protection coatings
What Are the Primary Segmentation Categories in the Corrosion Protection Coating Market?
The corrosion protection coatingmarket covered in this report is segmented –
1) By Resin Type: Epoxy, Polyurethane, Zinc, Alkyd, Acrylic, Chlorinated Rubber, Other Types
2) By Technology: Water-Based, Solvent-Based, Powder-Based, Other Technologies
3) By End-Use Industries: Marine, Oil And Gas, Petrochemical, Infrastructure, Power Generation, Water Treatment, Other End-users
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What Are the Major Trends Shaping the Corrosion Protection Coating Market in 2025 and Beyond?
The key trends in the corrosion protection coating market are:
• Technological innovations are a prominent emerging trend in the corrosion protection coating market.
• Major players in the market are focusing on creating innovative coating products to secure their place in the market.
• To this end, the introduction of rapid-dry and highly effective corrosion protection coating products is becoming a significant trend.
• The market is seeing the entry of coatings that improve productivity and enhance corrosion protection across various facilities such as energy generation and oil and gas.
Who Are the Emerging Players in the Corrosion Protection Coating Market?
The key players in the corrosion protection coating market are:
• Jotun A/S
• Hempel A/S
• RPM International Inc.
• Akzo Nobel N.V.
• The Sherwin-Williams Company
• BASF SE
• Axalta Coating Systems LLC
• PPG Industries Inc.
• 3M Company
• Koninklijke DSM N.V.
• Heubach GmbH
• Renner Herrmann S.A.
• The Magni Group Inc.
• Wacker Chemie AG
• Bluechem Group
• Nippon Paint Holdings Co. Ltd.
• Rust-Oleum Corporation
• Krylon Products Group
• Valspar Corporation
• Henkel AG & Co. KGaA
• Sika AG
• The Dow Chemical Company
• Covestro AG
• Berger Paints India Limited
• Chugoku Marine Paints Ltd.
• Hempel (USA) Inc.
• Carboline Company
• International Paint Ltd.
• Sherwin-Williams Protective & Marine Coatings
• Tnemec Company Inc.
• Ameron International Corporation
Which Regions Are Leading the Growth in the Global Corrosion Protection Coating Market?
Asia-Pacific was the largest region in the corrosion protection coating market in 2024
