According to the research report titled ‘Europe Anti-corrosion Coatings Market By Method, By Product, By End-user, Transport, Others), Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 – 2027’, available with Market Study Report, Europe anti-corrosion coatings market is projected to grow significantly between 2021-2027.
 

Risk of machinery failure due to corrosion leading to high monetary & production losses, and susceptibility of industrial equipment to adverse environmental conditions, water, salt, and chemicals are key factors driving Europe anti-corrosion coatings market expansion.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3855677/
 

Based on product gamut, the industry is bifurcated into epoxy, zinc, acrylic, alkyd, polyurethane, chlorinated rubber, and others. Among these, epoxy coatings segment held 42% market share in 2020 and is estimated to expand rapidly due to increase in industrial activities. Moreover, widespread application in industries owing to anti-rust, anti-chemical, and anti-abrasion properties will contribute to growth of this segment.
 

As per method, the business space is divided into powder, water-based, solvent based, and others. Herein, water based anti-corrosion coatings market is projected to witness significant expansion in the coming years, owing to sustainability as they have low VOC content. Strict regulatory policies implemented by European government amid concerns about use of hazardous chemicals and compounds will further boost the product demand.  
 

Moving on to end user scope, Europe anti-corrosion coatings market sphere is fragmented into oil & gas, infrastructure, shipbuilding, transport, energy, industrial, and others. The report cites that oil & gas segment captured 19% of the industry share in the past year and is speculated to grow at an annual rate of 4.3% between 2021-2027.
 

Meanwhile, construction end-use segment is slated generate modest revenues for the industry in the forthcoming period, pertaining to booming population, leading to surging construction of residential buildings, and proliferating investments by public & private entities in real estate sector.
 

Key players profiled in the report are BASF SE, Kansai Paint Co. Ltd., Chugoku Marine Paints Ltd., Sokema Advanced Technology Painting Systems, Nippon Paint Holdings Co. Ltd., PPG Industries Inc., RPM International Inc., Ashland Global Holdings Inc., Hempel A/S, Axalta Coating Systems Ltd., and Jotun Group.