Australia Corrosion Protective Coatings and Acid Proof Lining Market to reach US$ 1.1 Bn by 2026
Future Market Insights has announced the addition of the “Corrosion Protective Coatings (CPC) & Acid Proof Lining (APL) Market: Australia Industry Analysis and Opportunity Assessment, 2016–2026" report to their offering.
Future Market Insights has announced the addition of the “Corrosion Protective Coatings (CPC) & Acid Proof Lining (APL) Market: Australia Industry Analysis and Opportunity Assessment, 2016–2026" report to their offering.
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<strong>Australia</strong><br />
<strong>Corrosion</strong> <strong>Protective</strong><br />
<strong>Coatings</strong> <strong>and</strong> <strong>Acid</strong><br />
<strong>Proof</strong> <strong>Lining</strong> <strong>Market</strong><br />
Share, Global Trends,<br />
Analysis, Research, Report,<br />
Opportunities,<br />
Segmentation <strong>and</strong> Forecast,<br />
2016-<strong>2026</strong><br />
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Report Description<br />
In a new report titled “<strong>Corrosion</strong> <strong>Protective</strong> <strong>Coatings</strong> (CPC) & <strong>Acid</strong> <strong>Proof</strong> <strong>Lining</strong> (APL) <strong>Market</strong>:<br />
<strong>Australia</strong> Industry Analysis <strong>and</strong> Opportunity Assessment, 2016–<strong>2026</strong>”, Future <strong>Market</strong> Insights<br />
studies the performance of the corrosion protection coatings <strong>and</strong> acid proof lining market in<br />
<strong>Australia</strong> between 2016 <strong>and</strong> <strong>2026</strong> <strong>and</strong> throws light on the key drivers, restraints, <strong>and</strong> trends<br />
impacting the market. Sales of corrosion protective coatings in <strong>Australia</strong> was valued at <strong>US$</strong><br />
653.7 Mn in 2015 <strong>and</strong> is expected <strong>to</strong> account for <strong>US$</strong> <strong>1.1</strong> <strong>Bn</strong> <strong>by</strong> the end of <strong>2026</strong>. Sales of acid<br />
proof lining was valued at <strong>US$</strong> 8.2 Mn in 2015 <strong>and</strong> is expected <strong>to</strong> account for <strong>US$</strong> 13.4 Mn <strong>by</strong><br />
the end of <strong>2026</strong>. A promising growth of the mining industry <strong>and</strong> steady economic growth in<br />
<strong>Australia</strong> is likely <strong>to</strong> boost the corrosion protection coatings <strong>and</strong> acid proof lining market.<br />
Further, a shifting trend <strong>to</strong>wards using waterborne technology <strong>and</strong> increasing globalisation<br />
among players is predicted <strong>to</strong> fuel the dem<strong>and</strong> for corrosion protective coatings <strong>and</strong> acid proof<br />
lining in major end-use industries.<br />
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Deterioration of functional <strong>and</strong> mechanical properties of metal owing <strong>to</strong> corrosion caused <strong>by</strong><br />
moisture, chemicals, temperature, <strong>and</strong> several environmental fac<strong>to</strong>rs propels the dem<strong>and</strong> for<br />
corrosion protection coatings <strong>and</strong> acid proof lining in numerous end-use industries. <strong>Corrosion</strong><br />
protective coatings are devised <strong>to</strong> protect structures from degradation caused due <strong>to</strong> exposure<br />
in extreme corrosive environments. By acting as a barrier between the material <strong>and</strong> the<br />
corrosive environment, corrosion protection coatings or linings function as agents that enhance<br />
the life of structures <strong>by</strong> preventing their wear <strong>and</strong> tear. <strong>Acid</strong> proof lining is extensively used <strong>to</strong><br />
provide robustness <strong>and</strong> mechanical integrity <strong>to</strong> equipment <strong>and</strong> components that find<br />
application in industrial operations. <strong>Acid</strong> proof lining protects floors, walls, industrial equipment,<br />
<strong>and</strong> process vessels from the corrosive action of strong acids, alkalis, <strong>and</strong> water vapour.
Report Description<br />
In addition <strong>to</strong> several corroding chemicals, acid proof lining helps impart resistance against<br />
thermal shock, abrasion, high impact, <strong>and</strong> mechanical stress.<br />
Enforcement of stringent environmental regulations set <strong>by</strong> the <strong>Australia</strong>n Paints Approval<br />
Scheme (APAS) <strong>and</strong> other organisations has reduced the usage of anti-corrosion coatings<br />
formulated using solvent based technology. This is likely <strong>to</strong> reduce the dem<strong>and</strong> for solvent based<br />
corrosion protective coatings in <strong>Australia</strong> significantly. Also, fluctuations in raw material prices<br />
owing <strong>to</strong> a volatile oil <strong>and</strong> gas market is anticipated <strong>to</strong> adversely impact the growth of the<br />
corrosion protective coatings <strong>and</strong> acid proof lining market in <strong>Australia</strong> over the forecast period.<br />
The market for corrosion protective coatings <strong>and</strong> acid proof lining in <strong>Australia</strong> is likely <strong>to</strong> witness<br />
several key trends in the coming years. Leading market players are focusing on providing<br />
sustainable solutions <strong>to</strong> reduce environmental footprint. This has led <strong>to</strong> an increasing use of<br />
waterborne corrosion protective coatings <strong>and</strong> thermoplastic linings. There is also a continuous<br />
market consolidation – <strong>to</strong>p global companies are engaging in strategic acquisitions <strong>and</strong><br />
collaborating with domestic players <strong>to</strong> strengthen their market position.<br />
<strong>Market</strong> projections<br />
By end-use industry (Marine Industry, Oil & Gas Industry, Power Generation Industry,<br />
Transportation Industry, Chemicals Industry, Mining & Metallurgy Industry, Water Treatment<br />
Industry, Others (Au<strong>to</strong>motive, Construction)): The marine industry segment is expected <strong>to</strong><br />
exhibit a steady growth rate during the forecast period while the chemicals industry segment is<br />
expected <strong>to</strong> witness a moderate growth rate over the forecast period. The marine industry<br />
segment is anticipated <strong>to</strong> exp<strong>and</strong> at a CAGR of 4.3% in terms of value over the forecast period,
Report Description<br />
In terms of value, the mining <strong>and</strong> metallurgy segment is estimated <strong>to</strong> account for 30.5% share<br />
<strong>by</strong> the end of 2016 while in terms of value, the oil <strong>and</strong> gas industry segment is expected <strong>to</strong><br />
account for 13.5% share <strong>by</strong> <strong>2026</strong>. The commencement of several LNG projects is projected <strong>to</strong><br />
fuel market growth of the oil <strong>and</strong> gas industry in <strong>Australia</strong> over the next few years. This in turn,<br />
is likely <strong>to</strong> propel significant dem<strong>and</strong> for corrosion protective coatings <strong>and</strong> acid proof lining in<br />
the oil <strong>and</strong> gas industry in <strong>Australia</strong>. The transportation industry segment is estimated <strong>to</strong><br />
exp<strong>and</strong> at a CAGR of 4.8% over the forecast period <strong>to</strong> account for 14.9% value share <strong>by</strong> <strong>2026</strong>.<br />
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By product type (Polymer <strong>Coatings</strong>, Rubber <strong>Lining</strong> Systems, <strong>Acid</strong> <strong>Proof</strong> <strong>Lining</strong>): In terms of<br />
volume, the polymer coatings segment is projected <strong>to</strong> dominate the corrosion protective<br />
coatings <strong>and</strong> acid proof lining market in <strong>Australia</strong> throughout the forecast period; while in<br />
terms of value, the polymer coating segment is projected <strong>to</strong> register the fastest growth rate<br />
over the forecast period <strong>and</strong> is estimated <strong>to</strong> account for the largest share of 70.0% <strong>by</strong> the end<br />
of 2016, which is estimated <strong>to</strong> increase <strong>to</strong> 70.5% <strong>by</strong> the end of <strong>2026</strong>. Polymer coatings find<br />
extensive adoptability across industries owing <strong>to</strong> their excellent barrier protection <strong>and</strong> anticorrosion<br />
properties. This segment is also projected <strong>to</strong> grow at the highest Y-o-Y rate in<br />
the <strong>Australia</strong> corrosion protective coatings <strong>and</strong> acid proof lining market over the forecast<br />
period. Within the polymer coatings segment, the polyurethane <strong>and</strong> acrylic sub-segments are<br />
projected <strong>to</strong> drive growth of the overall polymer coatings segment, owing <strong>to</strong> fac<strong>to</strong>rs such as<br />
environmental sustainability <strong>and</strong> compatibility with waterborne coatings. The soft rubber lining<br />
system also finds industry wide adoption owing <strong>to</strong> its excellent resistance <strong>to</strong> corrosive materials<br />
<strong>and</strong> abrasion. In terms of volume, the rubber lining segment was pegged at 44.3‘000 <strong>to</strong>nne in
Report Description<br />
Key manufacturers operating in the <strong>Australia</strong> market include Jotun <strong>Australia</strong> Pty Ltd, Akzo<br />
Nobel <strong>Australia</strong> Pty Ltd, Corrocoat Engineering Pty Ltd, REMA TIP TOP Industrial <strong>Australia</strong> PTY<br />
Ltd, Steuler KCH <strong>Australia</strong> Pvt Ltd, Covestro Pty Ltd, Townsend Chemicals, Era Polymers Pty Ltd,<br />
Metz Specialty Materials Pty Ltd, Kaefer Novacoat Pty Ltd, Weir Minerals <strong>Australia</strong> Ltd, Denso<br />
(<strong>Australia</strong>) Pty Ltd, Flight Extruded Plastics, Stebbins <strong>Australia</strong> Pty Ltd, <strong>and</strong> Rubbertec <strong>Australia</strong><br />
Pvt Ltd.
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