Global Anti-corrosion Coating Market Size, Share & Trends Analysis Report By Technology (Solvent-Borne, Water-Borne, Powder Coatings and Other Technologies), By Type, By End Use Industry, By Regional Outlook and Forecast, 2024 - 2031

Global Anti-corrosion Coating Market Size, Share & Trends Analysis Report By Technology (Solvent-Borne, Water-Borne, Powder Coatings and Other Technologies), By Type, By End Use Industry, By Regional Outlook and Forecast, 2024 - 2031


The Global Anti-corrosion Coating Market size is expected to reach $51.5 billion by 2031, rising at a market growth of 6.7% CAGR during the forecast period. In the year 2023, the market attained a volume of 10,859.7 kilo tonnes, experiencing a growth of 27.2% (2020-2023).

Polyurethane coatings offer superior abrasion resistance, making them suitable for applications where the coated surface is subjected to wear and tear, such as floors, decks, and transportation equipment. This helps maintain the integrity of the coating and prolong its service life even in high-traffic areas. Polyurethane coatings are known for their flexibility and durability, allowing them to withstand thermal expansion, contraction, and mechanical stress without cracking or peeling. This flexibility makes them ideal for use in environments with temperature fluctuations or dynamic loading conditions. Thus, the polyurethane segment covered 18% revenue share in the anti-corrosion coating market in 2023. In term of volume, 3,070.9 kilo tonnes of Polyurethane type anti- corrosion coatings is expected to be utilized by 2031.

Anti-corrosion coatings formulated for immersion and submersion applications provide corrosion protection for hydroelectric infrastructure, reducing maintenance requirements and extending service life. Therefore, the anti-corrosion coating market is expanding significantly due to the rapid growth in renewable energy infrastructure. Additionally, Innovations such as bio-based materials, renewable resources, water-based formulations, and low-energy curing processes offer opportunities to develop next-generation coatings that meet sustainability requirements without compromising performance. Thus, because of the growing demand for sustainable solutions, the anti-corrosion coating market is anticipated to increase significantly.

However, high initial investment costs can deter industries from adopting new anti-corrosion coating technologies or investing in unproven solutions. Risk-averse decision-makers may prefer to stick with conventional corrosion protection methods or delay investment decisions until the cost-effectiveness and reliability of new coating technologies are proven, slowing market adoption rates. Thus, the high initial investment can slow down the growth of the anti-corrosion coating market.

Type Outlook

By type, the market is categorized into epoxy, polyurethane, acrylic, alkyd, zinc, chlorinated rubber, and others. The alkyd segment acquired 13% revenue share in the market in 2023. Alkyd coatings are known for their ease of application and compatibility with various application methods, including brushing, rolling, and spraying. In terms of volume, 3,020.1 kilo tonnes of alkyd types of anti-corrosion coating is expected to be utilized by 2031.

Technology Outlook

Based on technology, the market is classified into solvent-borne, water-borne, powder coatings, and others. In 2023, the solvent-borne segment witnessed 43% revenue share in the market. Solvent-borne coatings can be formulated to meet various performance requirements, including adhesion to various substrates, chemical resistance, and UV stability. In the terms of volume, 7,931.6 kilo tonnes of anti-corrosion coating is expected to utilize by solvent-borne technology by 2031.

End Use Industry Outlook

On the basis of end use industry, the market is divided into marine, oil & gas, industrial, construction, energy, automotive, and others. In 2023, the marine segment dominated the market with 27% revenue share. Anti-corrosion coatings are essential for protecting the hulls and other metal components of ships from corrosion caused by exposure to seawater. In terms of volume, 3,595.2 kilo tonnes of anti-corrosion coating is expected to utilize in marine industry by 2031.

Regional Outlook

Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the North America region acquired 22% revenue share in the market. In North America, particularly in regions with extensive oil and gas operations, such as the Gulf Coast, anti-corrosion coatings protect pipelines, storage tanks, refineries, and offshore platforms from corrosion caused by exposure to harsh environments, chemicals, and corrosive substances. In terms of volume, the North America region is expected to utilize 3,742.4 kilo tonnes of anti-corrosion coating by 2031.

List of Key Companies Profiled
  • The Sherwin-Williams Company
  • 3M Company
  • Hempel A/S
  • PPG Industries, Inc.
  • The Dow Chemical Company
  • Kansai Paint Co., Ltd.
  • Wacker Chemie AG
  • BASF SE
  • Akzo Nobel N.V.
  • Nippon Paint Holdings Co., Ltd.
Global Anti-corrosion Coating Market Report Segmentation

By Technology (Volume, Kilo Tonnes, USD Billion, 2020-2031)
  • Solvent-Borne
  • Water-Borne
  • Powder Coatings
  • Other Technologies
By Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)
  • Epoxy
  • Polyurethane
  • Acrylic
  • Alkyd
  • Zinc
  • Chlorinated Rubber
  • Other Types
By End Use Industry (Volume, Kilo Tonnes, USD Billion, 2020-2031)
  • Marine
  • Oil & Gas
  • Industrial
  • Construction
  • Energy
  • Automotive
  • Others
By Geography (Volume, Kilo Tonnes, USD Billion, 2020-2031)
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Anti-corrosion Coating Market, by Technology
1.4.2 Global Anti-corrosion Coating Market, by Type
1.4.3 Global Anti-corrosion Coating Market, by End Use Industry
1.4.4 Global Anti-corrosion Coating Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Global Anti-corrosion Coating Market by Technology
4.1 Global Solvent-Borne Market by Region
4.2 Global Water-Borne Market by Region
4.3 Global Powder Coatings Market by Region
4.4 Global Other Technologies Market by Region
Chapter 5. Global Anti-corrosion Coating Market by Type
5.1 Global Epoxy Market by Region
5.2 Global Polyurethane Market by Region
5.3 Global Acrylic Market by Region
5.4 Global Alkyd Market by Region
5.5 Global Zinc Market by Region
5.6 Global Chlorinated Rubber Market by Region
5.7 Global Other Types Market by Region
Chapter 6. Global Anti-corrosion Coating Market by End Use Industry
6.1 Global Marine Market by Region
6.2 Global Oil & Gas Market by Region
6.3 Global Industrial Market by Region
6.4 Global Construction Market by Region
6.5 Global Energy Market by Region
6.6 Global Automotive Market by Region
6.7 Global Others Market by Region
Chapter 7. Global Anti-corrosion Coating Market by Region
7.1 North America Anti-corrosion Coating Market
7.1.1 North America Anti-corrosion Coating Market by Technology
7.1.1.1 North America Solvent-Borne Market by Country
7.1.1.2 North America Water-Borne Market by Country
7.1.1.3 North America Powder Coatings Market by Country
7.1.1.4 North America Other Technologies Market by Country
7.1.2 North America Anti-corrosion Coating Market by Type
7.1.2.1 North America Epoxy Market by Country
7.1.2.2 North America Polyurethane Market by Country
7.1.2.3 North America Acrylic Market by Country
7.1.2.4 North America Alkyd Market by Country
7.1.2.5 North America Zinc Market by Country
7.1.2.6 North America Chlorinated Rubber Market by Country
7.1.2.7 North America Other Types Market by Country
7.1.3 North America Anti-corrosion Coating Market by End Use Industry
7.1.3.1 North America Marine Market by Country
7.1.3.2 North America Oil & Gas Market by Country
7.1.3.3 North America Industrial Market by Country
7.1.3.4 North America Construction Market by Country
7.1.3.5 North America Energy Market by Country
7.1.3.6 North America Automotive Market by Country
7.1.3.7 North America Others Market by Country
7.1.4 North America Anti-corrosion Coating Market by Country
7.1.4.1 US Anti-corrosion Coating Market
7.1.4.1.1 US Anti-corrosion Coating Market by Technology
7.1.4.1.2 US Anti-corrosion Coating Market by Type
7.1.4.1.3 US Anti-corrosion Coating Market by End Use Industry
7.1.4.2 Canada Anti-corrosion Coating Market
7.1.4.2.1 Canada Anti-corrosion Coating Market by Technology
7.1.4.2.2 Canada Anti-corrosion Coating Market by Type
7.1.4.2.3 Canada Anti-corrosion Coating Market by End Use Industry
7.1.4.3 Mexico Anti-corrosion Coating Market
7.1.4.3.1 Mexico Anti-corrosion Coating Market by Technology
7.1.4.3.2 Mexico Anti-corrosion Coating Market by Type
7.1.4.3.3 Mexico Anti-corrosion Coating Market by End Use Industry
7.1.4.4 Rest of North America Anti-corrosion Coating Market
7.1.4.4.1 Rest of North America Anti-corrosion Coating Market by Technology
7.1.4.4.2 Rest of North America Anti-corrosion Coating Market by Type
7.1.4.4.3 Rest of North America Anti-corrosion Coating Market by End Use Industry
7.2 Europe Anti-corrosion Coating Market
7.2.1 Europe Anti-corrosion Coating Market by Technology
7.2.1.1 Europe Solvent-Borne Market by Country
7.2.1.2 Europe Water-Borne Market by Country
7.2.1.3 Europe Powder Coatings Market by Country
7.2.1.4 Europe Other Technologies Market by Country
7.2.2 Europe Anti-corrosion Coating Market by Type
7.2.2.1 Europe Epoxy Market by Country
7.2.2.2 Europe Polyurethane Market by Country
7.2.2.3 Europe Acrylic Market by Country
7.2.2.4 Europe Alkyd Market by Country
7.2.2.5 Europe Zinc Market by Country
7.2.2.6 Europe Chlorinated Rubber Market by Country
7.2.2.7 Europe Other Types Market by Country
7.2.3 Europe Anti-corrosion Coating Market by End Use Industry
7.2.3.1 Europe Marine Market by Country
7.2.3.2 Europe Oil & Gas Market by Country
7.2.3.3 Europe Industrial Market by Country
7.2.3.4 Europe Construction Market by Country
7.2.3.5 Europe Energy Market by Country
7.2.3.6 Europe Automotive Market by Country
7.2.3.7 Europe Others Market by Country
7.2.4 Europe Anti-corrosion Coating Market by Country
7.2.4.1 Germany Anti-corrosion Coating Market
7.2.4.1.1 Germany Anti-corrosion Coating Market by Technology
7.2.4.1.2 Germany Anti-corrosion Coating Market by Type
7.2.4.1.3 Germany Anti-corrosion Coating Market by End Use Industry
7.2.4.2 UK Anti-corrosion Coating Market
7.2.4.2.1 UK Anti-corrosion Coating Market by Technology
7.2.4.2.2 UK Anti-corrosion Coating Market by Type
7.2.4.2.3 UK Anti-corrosion Coating Market by End Use Industry
7.2.4.3 France Anti-corrosion Coating Market
7.2.4.3.1 France Anti-corrosion Coating Market by Technology
7.2.4.3.2 France Anti-corrosion Coating Market by Type
7.2.4.3.3 France Anti-corrosion Coating Market by End Use Industry
7.2.4.4 Russia Anti-corrosion Coating Market
7.2.4.4.1 Russia Anti-corrosion Coating Market by Technology
7.2.4.4.2 Russia Anti-corrosion Coating Market by Type
7.2.4.4.3 Russia Anti-corrosion Coating Market by End Use Industry
7.2.4.5 Spain Anti-corrosion Coating Market
7.2.4.5.1 Spain Anti-corrosion Coating Market by Technology
7.2.4.5.2 Spain Anti-corrosion Coating Market by Type
7.2.4.5.3 Spain Anti-corrosion Coating Market by End Use Industry
7.2.4.6 Italy Anti-corrosion Coating Market
7.2.4.6.1 Italy Anti-corrosion Coating Market by Technology
7.2.4.6.2 Italy Anti-corrosion Coating Market by Type
7.2.4.6.3 Italy Anti-corrosion Coating Market by End Use Industry
7.2.4.7 Rest of Europe Anti-corrosion Coating Market
7.2.4.7.1 Rest of Europe Anti-corrosion Coating Market by Technology
7.2.4.7.2 Rest of Europe Anti-corrosion Coating Market by Type
7.2.4.7.3 Rest of Europe Anti-corrosion Coating Market by End Use Industry
7.3 Asia Pacific Anti-corrosion Coating Market
7.3.1 Asia Pacific Anti-corrosion Coating Market by Technology
7.3.1.1 Asia Pacific Solvent-Borne Market by Country
7.3.1.2 Asia Pacific Water-Borne Market by Country
7.3.1.3 Asia Pacific Powder Coatings Market by Country
7.3.1.4 Asia Pacific Other Technologies Market by Country
7.3.2 Asia Pacific Anti-corrosion Coating Market by Type
7.3.2.1 Asia Pacific Epoxy Market by Country
7.3.2.2 Asia Pacific Polyurethane Market by Country
7.3.2.3 Asia Pacific Acrylic Market by Country
7.3.2.4 Asia Pacific Alkyd Market by Country
7.3.2.5 Asia Pacific Zinc Market by Country
7.3.2.6 Asia Pacific Chlorinated Rubber Market by Country
7.3.2.7 Asia Pacific Other Types Market by Country
7.3.3 Asia Pacific Anti-corrosion Coating Market by End Use Industry
7.3.3.1 Asia Pacific Marine Market by Country
7.3.3.2 Asia Pacific Oil & Gas Market by Country
7.3.3.3 Asia Pacific Industrial Market by Country
7.3.3.4 Asia Pacific Construction Market by Country
7.3.3.5 Asia Pacific Energy Market by Country
7.3.3.6 Asia Pacific Automotive Market by Country
7.3.3.7 Asia Pacific Others Market by Country
7.3.4 Asia Pacific Anti-corrosion Coating Market by Country
7.3.4.1 China Anti-corrosion Coating Market
7.3.4.1.1 China Anti-corrosion Coating Market by Technology
7.3.4.1.2 China Anti-corrosion Coating Market by Type
7.3.4.1.3 China Anti-corrosion Coating Market by End Use Industry
7.3.4.2 Japan Anti-corrosion Coating Market
7.3.4.2.1 Japan Anti-corrosion Coating Market by Technology
7.3.4.2.2 Japan Anti-corrosion Coating Market by Type
7.3.4.2.3 Japan Anti-corrosion Coating Market by End Use Industry
7.3.4.3 India Anti-corrosion Coating Market
7.3.4.3.1 India Anti-corrosion Coating Market by Technology
7.3.4.3.2 India Anti-corrosion Coating Market by Type
7.3.4.3.3 India Anti-corrosion Coating Market by End Use Industry
7.3.4.4 South Korea Anti-corrosion Coating Market
7.3.4.4.1 South Korea Anti-corrosion Coating Market by Technology
7.3.4.4.2 South Korea Anti-corrosion Coating Market by Type
7.3.4.4.3 South Korea Anti-corrosion Coating Market by End Use Industry
7.3.4.5 Australia Anti-corrosion Coating Market
7.3.4.5.1 Australia Anti-corrosion Coating Market by Technology
7.3.4.5.2 Australia Anti-corrosion Coating Market by Type
7.3.4.5.3 Australia Anti-corrosion Coating Market by End Use Industry
7.3.4.6 Malaysia Anti-corrosion Coating Market
7.3.4.6.1 Malaysia Anti-corrosion Coating Market by Technology
7.3.4.6.2 Malaysia Anti-corrosion Coating Market by Type
7.3.4.6.3 Malaysia Anti-corrosion Coating Market by End Use Industry
7.3.4.7 Rest of Asia Pacific Anti-corrosion Coating Market
7.3.4.7.1 Rest of Asia Pacific Anti-corrosion Coating Market by Technology
7.3.4.7.2 Rest of Asia Pacific Anti-corrosion Coating Market by Type
7.3.4.7.3 Rest of Asia Pacific Anti-corrosion Coating Market by End Use Industry
7.4 LAMEA Anti-corrosion Coating Market
7.4.1 LAMEA Anti-corrosion Coating Market by Technology
7.4.1.1 LAMEA Solvent-Borne Market by Country
7.4.1.2 LAMEA Water-Borne Market by Country
7.4.1.3 LAMEA Powder Coatings Market by Country
7.4.1.4 LAMEA Other Technologies Market by Country
7.4.2 LAMEA Anti-corrosion Coating Market by Type
7.4.2.1 LAMEA Epoxy Market by Country
7.4.2.2 LAMEA Polyurethane Market by Country
7.4.2.3 LAMEA Acrylic Market by Country
7.4.2.4 LAMEA Alkyd Market by Country
7.4.2.5 LAMEA Zinc Market by Country
7.4.2.6 LAMEA Chlorinated Rubber Market by Country
7.4.2.7 LAMEA Other Types Market by Country
7.4.3 LAMEA Anti-corrosion Coating Market by End Use Industry
7.4.3.1 LAMEA Marine Market by Country
7.4.3.2 LAMEA Oil & Gas Market by Country
7.4.3.3 LAMEA Industrial Market by Country
7.4.3.4 LAMEA Construction Market by Country
7.4.3.5 LAMEA Energy Market by Country
7.4.3.6 LAMEA Automotive Market by Country
7.4.3.7 LAMEA Others Market by Country
7.4.4 LAMEA Anti-corrosion Coating Market by Country
7.4.4.1 Brazil Anti-corrosion Coating Market
7.4.4.1.1 Brazil Anti-corrosion Coating Market by Technology
7.4.4.1.2 Brazil Anti-corrosion Coating Market by Type
7.4.4.1.3 Brazil Anti-corrosion Coating Market by End Use Industry
7.4.4.2 Argentina Anti-corrosion Coating Market
7.4.4.2.1 Argentina Anti-corrosion Coating Market by Technology
7.4.4.2.2 Argentina Anti-corrosion Coating Market by Type
7.4.4.2.3 Argentina Anti-corrosion Coating Market by End Use Industry
7.4.4.3 UAE Anti-corrosion Coating Market
7.4.4.3.1 UAE Anti-corrosion Coating Market by Technology
7.4.4.3.2 UAE Anti-corrosion Coating Market by Type
7.4.4.3.3 UAE Anti-corrosion Coating Market by End Use Industry
7.4.4.4 Saudi Arabia Anti-corrosion Coating Market
7.4.4.4.1 Saudi Arabia Anti-corrosion Coating Market by Technology
7.4.4.4.2 Saudi Arabia Anti-corrosion Coating Market by Type
7.4.4.4.3 Saudi Arabia Anti-corrosion Coating Market by End Use Industry
7.4.4.5 South Africa Anti-corrosion Coating Market
7.4.4.5.1 South Africa Anti-corrosion Coating Market by Technology
7.4.4.5.2 South Africa Anti-corrosion Coating Market by Type
7.4.4.5.3 South Africa Anti-corrosion Coating Market by End Use Industry
7.4.4.6 Nigeria Anti-corrosion Coating Market
7.4.4.6.1 Nigeria Anti-corrosion Coating Market by Technology
7.4.4.6.2 Nigeria Anti-corrosion Coating Market by Type
7.4.4.6.3 Nigeria Anti-corrosion Coating Market by End Use Industry
7.4.4.7 Rest of LAMEA Anti-corrosion Coating Market
7.4.4.7.1 Rest of LAMEA Anti-corrosion Coating Market by Technology
7.4.4.7.2 Rest of LAMEA Anti-corrosion Coating Market by Type
7.4.4.7.3 Rest of LAMEA Anti-corrosion Coating Market by End Use Industry
Chapter 8. Company Profiles
8.1 Nippon Paint Holdings Co., Ltd.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 SWOT Analysis
8.2 The Sherwin-Williams Company
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Product Launches and Product Expansions:
8.2.6 SWOT Analysis
8.3 Kansai Paint Co., Ltd.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Acquisition and Mergers:
8.3.6 SWOT Analysis
8.4 Akzo Nobel N.V.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 SWOT Analysis
8.5 Hempel A/S
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 SWOT Analysis
8.6 PPG Industries, Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Product Launches and Product Expansions:
8.6.6 SWOT Analysis
8.7 The Dow Chemical Company
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 SWOT Analysis
8.8 BASF SE
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.8.5 SWOT Analysis
8.9 3M Company
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expense
8.9.5 SWOT Analysis
8.10. Wacker Chemie AG
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expenses
8.10.5 SWOT Analysis
Chapter 9. Winning Imperatives for Anti-corrosion Coating Market

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings