Anti-corrosion coating prevents the electrochemical reactions that adversely decorate metals' structural integrity and change their corrosion-induced appearance. According to BlueQuark Research & Consulting, the global Anti-corrosion coatings market is expected to witness a considerable growth rate during the forecasted period. Factors such as the increasing demand for construction activities globally, especially in Asian countries such as China and India, and increasing demand in the oil & gas industry is the primary market driving factor. Further, research and development to produce bio-based anti-corrosion coatings are expected to provide lucrative growth opportunities for the global Anti-corrosion coating market in the forecasted period. Furthermore, the rise in demand for anti-corrosion coatings in marine industries is anticipated to create vital opportunities for the global anti-corrosion coatings market in the forecasted period. However, environmental regulations, like constraints related to volatile organic compounds (VOCs), are expected to hinder the Anti corrosion coating market growth in the forecasted period. 

Anti-corrosion coatings protect and maintain exterior and interior substrates against corrosion from agents such as moisture, chemical, and salt. They are widely used in marine applications. They are primarily used to prevent substrates' decay and avoid metal loss.

Building and construction are among the largest end-users of anti-corrosion coatings owing to rapid urbanization, which has contributed to the growth of various sectors like chemical, construction, and power generation. This anti-corrosion coating property makes them applicable across diverse end-user industries such as marine, oil & gas, industrial, construction, energy (power plants, solar, wind turbines), automotive, and others. Further, according to the UN, as of 2020, 33 megacities require planned habitation for the rapidly growing urban population rate of 1.84%. Furthermore, corrosion of reinforcing steel in concrete is a persistent problem worldwide, leading to structure deterioration at an extremely high rate. The corrosion issue is more than 80% of all damage to reinforced concrete structures, driving the studied the global market further. Rails, bridges, and roads constitute significant segments of the infrastructure. With the surge in population, expansions in infrastructure have become an inevitable part of socio-economic development. In addition, the report includes a detailed description of the different technologies used to produce anti-corrosion coating. Solvent-borne, waterborne, powder anti-corrosion coating, and high-energy cure coating are widely used technologies. The global anti-corrosion coating market has been fragmented into epoxy, polyurethane, alkyd, chlorinated rubber, zinc, acrylic, and others. The epoxy segment is predicted to lead the global anti-corrosion coatings market during the forecasted period due to the surging demand for epoxy coating from the marine, oil & gas, and infrastructure industries. The rising demand for thin-walled durable metallic components in the manufacturing of lightweight products, which are used in various industries, including automotive, marine, building & construction, and oil & gas, is expected to propel the market growth over the forecasted period. For instance, rapid industrial production and construction activities in developing regions such as Asia and Africa bolster the industry's growth. The increased global demand for architectural metals like lead, tin, zinc, copper, aluminum, and iron, along with metal alloys including brass, bronze, nickel, silver, and others, are used in various construction activities. Most of these metals tend to corrade, establishing a massive need for anti-corrode products for corrosion mitigation, thereby increasing the market's demand.

Asia-Pacific is expected to dominate the market owing to rising marine industries in countries like Japan, China, and South Korea and new shipping hubs emerging in Vietnam, India, and the Philippines. Furthermore, the oil and gas industries occupy an excellent share of the anticorrosion coating market in terms of revenue in the Asia Pacific region. Therefore, Asia-Pacific's demand for Anti-corrosion coatings will witness a significant growth rate during the forecasted period. Anti corrosion coating also play a crucial role in the energy industry, including oil & gas, coal, nuclear, biomass, hydro, and other renewable energy sources. Anti-corrosion coatings protect the equipment used in the energy industry from extreme weather conditions. Additionally, developing nations are likely to depend more on conventional sources of energy generation such as coal power and crude oil derivatives. These coatings shield the surface against corrosion, impact, and abrasion. The Asia-Pacific marine coatings market is driven by high demand for marine coating, particularly as China emerges as a significant participant in the shipbuilding sector. Energy will see maximum earnings in the following years. Furthermore, as the population has grown, so needs power. These coatings are widely used near marine areas. These are mainly used to prevent substrates' corrosion and avoid metal loss. These resins have enhanced solvent & chemical resistive properties and are superior to conventional epoxies in acid resistance. Polyurethane finish coats are durable with practical gloss retention ability and non-yellowing in nature. Water-based polyurethane coatings are also non-flammable, making them highly desirable in explosive environments. Increasingly, solvent-borne formulations are used in automotive coatings, industrial coatings, and ink printing. Thus, the growing use of solvent-borne technology for producing anti-corrosion coatings is expected to drive the growth of the solvent-borne technology segment. Solvent reduces the viscosity, thereby enabling the application of the coating. These solvents contain high volatile organic compounds (VOC), which are a significant source of environmental concern. Thus, waterborne, powder coating, high energy cure, and nano-coating technologies are introduced to reduce VOC emission.

The anti corrosive coatings market was found to be consolidated. Some key players in the market are AkzoNobel NV, Nippon Paints, RPM International Inc., PPG Industries Inc., and The Sherwin-Williams Company, among others.

In June 2020, PPG Industries announced that its PPG NOVAGUARD® 810ER coating had been qualified by the US Naval Sea Systems Command (NAVSEA®) for usage on potable water tanks. This qualification makes it the only layer that passes NAVSEA tests for six classes of tanks: fuel tanks, chemical holding tanks, bilges, well deck overheads, seawater ballast tanks, and potable or freshwater tanks. Furthermore, In March 2020, a new wave of water-based paint, Hammerite Ultima, is being launched by AkzoNobel. It is suitable for all types of metal and provides a supreme protective barrier, and it can also be applied straight onto any metal surface and rust without a primer. Ideal for anything from gates and fences to railings and garden furniture, the new product is now available in Germany, Spain, and France.

Global Anti-corrosion Coatings Market report provides deep insight into the current and future state of the Anti-corrosion coatings market across various regions. The study comprehensively analyzes the Anti-corrosion coatings market by segmenting based on geography, By Resin (Epoxy, Acrylic, Polyurethane, Alkyd, Zinc, and Others), By Technology (Water-borne, Solvent-borne, Powder, and UV-cured), and By End-User Industry (Oil & Gas, Transportation, Construction, Power Generation, Water & Sewage, and Others). The report examines the market drivers and restraints influencing the growth in detail. The study covers & includes emerging market size, trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of prominent companies, including their market shares and projects.