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Anticorrosive coatings can be used to protect metals or other surfaces from the natural degradation of various corrosive substances (such as moisture, chemicals and salt).
Corrosion has weakened the structure of the base material, threatening the safety of people and property.
All over the world, many industries have caused huge economic losses due to corrosion.
The anti-corrosion coating is one of the most economical and effective methods to solve this problem.
As a protective barrier between the surface and corrosive substances, they not only extend the service life of the substrate, but also help improve efficiency.
Anticorrosive coatings are divided into epoxy, polyurethane, acrylic, alkyd, zinc, chlorinated rubber, etc.
(including silicates, fluorocarbons, copolymers, ceramics, graphene and glass flakes).
The anti-corrosion coating used depends on the performance required for the specific application.
Anti-corrosion coatings are indispensable to many industries, protecting their huge investments based on money, property and worker safety.
Coatings are widely used in marine, oil and gas, petrochemical, infrastructure and power generation industries.
In 2018, the global high-performance anti-corrosion coatings market is estimated to be USD 10.
5 billion.
In the past few years, the oil and gas industry's demand for high-performance anti-corrosion coatings has increased slightly every year.
But on the other hand, due to the low demand in the new shipbuilding market, the application of anti-corrosion coatings in the shipbuilding industry has decreased.
However, manufacturers are optimistic about the recovery of the shipbuilding industry, which is expected to promote the overall demand for high-performance anti-corrosion coatings.
It is expected that the compound annual growth rate of the market will be around 4.
0% from 2019 to 2024.
In 2018, epoxy anticorrosive coatings had the largest market share, accounting for 41%.
Due to its wide range of uses and good corrosion resistance, water resistance and other advantages, it has developed rapidly.
Polyurethane anticorrosive coatings are the second largest market, accounting for 21% of the market.
Compared with other types of anti-corrosion coatings, the more flexible and versatile epoxy anti-corrosion coatings are expected to maintain strong growth in 2023.
In addition, this type of coating can be used as a multi-component coating.
However, during the forecast period, due to the rising market demand for water-based acrylic-based anticorrosive coatings, acrylic-based anticorrosive coatings with good anti-corrosion properties are expected to grow the fastest (Figure 1).
Figure 1.
Market share of high-performance anti-corrosion coatings in 2018 (based on different value types) market demand for high-performance anti-corrosion coatingsThe shipbuilding industry is a highly concentrated market, with South Korea, China and Japan accounting for more than 85% of global production.
As of March 2018, the total tonnage of ships registered on global orders reached 78 million compensated gross tonnages (CGT), which continued to be at a very low historical level, down 10% year-on-year, and nearly 66% lower than the peak in September 2008.
After 2008, the order volume continued to decline, stabilized in 2013, and remained above 120 million CGT throughout 2014.
Due to the stable supply and the new contract at a historical low point, orders dropped again in 2016.
From January 2016 to 2018, a quarter of orders have shrunk.
After the first quarter of 2018, new orders picked up again.
Global GDP growth has remained relatively high, and trade has rebounded.
Shipping demand is expected to increase by 3.
4% in 2018.
The United Nations Conference on Trade and Development predicts that by 2023, the annual growth rate of container and bulk trade will exceed 5.
0%.
Crude oil trade is expected to grow by only 1.
2%.
Although shipbuilding demand is not only related to shipping demand, these data not only predict the future demand for new ships, but also include scrapped ships that need to be replaced.
In the past three years, the United States has surpassed Russia and Saudi Arabia to become the world's largest oil and gas producer.
Accompanying the demand for pipeline installation, the threat of corrosion has increased.
At the same time, this also reminds people of the need for pipeline protection.
A 2016 study by the National Association of rust Engineers pointed out that the global cost of corrosion is as high as US$2.
5 trillion.
If the industry continues to rise, the financial impact of corroded steel pipes is expected to double.
According to the Interstate Natural Gas Association of America (Interstate Natural Gas Association of America), by 2035, natural gas consumption in the United States and Canada will grow at an average annual rate of 1.
2%, which means that more than 500,000 new natural gas pipelines will be built each year.
mile.
On the other hand, with the global economy going up, oil demand will inevitably increase steadily.
According to the forecast of the International Monetary Fund, global economic growth may rebound, and developed economies will have greater demand for use, with an estimated annual increase of 1.
2 million barrels per day.
By 2023, oil demand will reach 104.
7 million barrels/day, an increase of 69,000 barrels/day from 2018.
As has been the case for many years, the total demand of China and India accounted for 50% of the total global oil demand.
The Chinese economy is gradually changing to a consumption-oriented one.
It is estimated that by 2023, compared with the period 2010-2017, oil demand will slow down.
Correspondingly, India's oil demand will rise slightly.
By 2023, oil demand will still not reach its peak, and the growth rate will slow to 1 million barrels per day, compared with 1.
4 million barrels per day in 2018.
There are already signs that many countries have begun to replace oil with other energy sources.
A typical example is China, which has introduced a series of the most stringent fuel efficiency and emission regulations in the world.
Because China recognizes that it is urgent to improve the poor air quality in cities, air governance is of urgency.
The sales of electric vehicles have increased unreasonably, and the industry deployment of natural gas vehicles has been continuously strengthened, especially the performance of trucks and buses.
The emergence of more and more electric buses and LNG-fueled trucks in China will significantly reduce the industry's demand for oil and gas in the next few years (see Figure 2).
Figure 2.
The oil and gas industry has a high demand for high-performance anti-corrosion coatings.
Asia Pacific has become a strategic location for anti-corrosion coating manufacturers.
With the continued economic development of the Asia-Pacific region (APAC) and the increase in end application industries, this region dominates the global anti-corrosion coatings market.
The Middle East and Africa have gradually become strategic locations for anti-corrosion coating manufacturers after APAC (Figure 3).
Figure 3.
The global high-performance anticorrosive coatings market is dominated by Asia Pacific China and India's continued investment in construction, shipbuilding, energy and other fields has continuously promoted the trend of the industry and is expected to boost the anti-corrosion coatings market.
The increasing demand for energy and maintenance in the transportation industry has enabled China to grow into the world's largest consumer of anti-corrosion coatings.
Policies and regulations will also encourage the use of anti-corrosion coatings in many industries.
In recent years, the high standards of infrastructure construction in developing countries such as India and China have promoted the development of this market.
In addition, in emerging economies, such as India, the continuous growth of foreign direct investment has also played an important role in promoting the development of the anti-corrosion coatings market.
China is one of the main producers and consumers of anti-corrosion coatings.
Rapid urbanization has made a huge contribution to the growth of the construction, chemical and power generation industries.
All these factors continue to promote the development of my country's anti-corrosion coatings market.
The demand for green advanced technology is rising.
Consumers ' demand for environmentally friendly products has had a huge impact on the product value and innovation of the high-performance anti-corrosion coatings market.
At present, end users of high-performance anticorrosive coatings prefer those with good water resistance, chemical resistance, acid resistance, and hydrocarbon resistance, which can improve the production efficiency of components, extend the service life, and reduce maintenance costs; and they are easy to use and easy to clean.
.
Therefore, the advancement of technological innovation by demand has even exceeded consumer expectations.
Corrosion has weakened the structure of the base material, threatening the safety of people and property.
All over the world, many industries have caused huge economic losses due to corrosion.
The anti-corrosion coating is one of the most economical and effective methods to solve this problem.
As a protective barrier between the surface and corrosive substances, they not only extend the service life of the substrate, but also help improve efficiency.
Anticorrosive coatings are divided into epoxy, polyurethane, acrylic, alkyd, zinc, chlorinated rubber, etc.
(including silicates, fluorocarbons, copolymers, ceramics, graphene and glass flakes).
The anti-corrosion coating used depends on the performance required for the specific application.
Anti-corrosion coatings are indispensable to many industries, protecting their huge investments based on money, property and worker safety.
Coatings are widely used in marine, oil and gas, petrochemical, infrastructure and power generation industries.
In 2018, the global high-performance anti-corrosion coatings market is estimated to be USD 10.
5 billion.
In the past few years, the oil and gas industry's demand for high-performance anti-corrosion coatings has increased slightly every year.
But on the other hand, due to the low demand in the new shipbuilding market, the application of anti-corrosion coatings in the shipbuilding industry has decreased.
However, manufacturers are optimistic about the recovery of the shipbuilding industry, which is expected to promote the overall demand for high-performance anti-corrosion coatings.
It is expected that the compound annual growth rate of the market will be around 4.
0% from 2019 to 2024.
In 2018, epoxy anticorrosive coatings had the largest market share, accounting for 41%.
Due to its wide range of uses and good corrosion resistance, water resistance and other advantages, it has developed rapidly.
Polyurethane anticorrosive coatings are the second largest market, accounting for 21% of the market.
Compared with other types of anti-corrosion coatings, the more flexible and versatile epoxy anti-corrosion coatings are expected to maintain strong growth in 2023.
In addition, this type of coating can be used as a multi-component coating.
However, during the forecast period, due to the rising market demand for water-based acrylic-based anticorrosive coatings, acrylic-based anticorrosive coatings with good anti-corrosion properties are expected to grow the fastest (Figure 1).
Figure 1.
Market share of high-performance anti-corrosion coatings in 2018 (based on different value types) market demand for high-performance anti-corrosion coatingsThe shipbuilding industry is a highly concentrated market, with South Korea, China and Japan accounting for more than 85% of global production.
As of March 2018, the total tonnage of ships registered on global orders reached 78 million compensated gross tonnages (CGT), which continued to be at a very low historical level, down 10% year-on-year, and nearly 66% lower than the peak in September 2008.
After 2008, the order volume continued to decline, stabilized in 2013, and remained above 120 million CGT throughout 2014.
Due to the stable supply and the new contract at a historical low point, orders dropped again in 2016.
From January 2016 to 2018, a quarter of orders have shrunk.
After the first quarter of 2018, new orders picked up again.
Global GDP growth has remained relatively high, and trade has rebounded.
Shipping demand is expected to increase by 3.
4% in 2018.
The United Nations Conference on Trade and Development predicts that by 2023, the annual growth rate of container and bulk trade will exceed 5.
0%.
Crude oil trade is expected to grow by only 1.
2%.
Although shipbuilding demand is not only related to shipping demand, these data not only predict the future demand for new ships, but also include scrapped ships that need to be replaced.
In the past three years, the United States has surpassed Russia and Saudi Arabia to become the world's largest oil and gas producer.
Accompanying the demand for pipeline installation, the threat of corrosion has increased.
At the same time, this also reminds people of the need for pipeline protection.
A 2016 study by the National Association of rust Engineers pointed out that the global cost of corrosion is as high as US$2.
5 trillion.
If the industry continues to rise, the financial impact of corroded steel pipes is expected to double.
According to the Interstate Natural Gas Association of America (Interstate Natural Gas Association of America), by 2035, natural gas consumption in the United States and Canada will grow at an average annual rate of 1.
2%, which means that more than 500,000 new natural gas pipelines will be built each year.
mile.
On the other hand, with the global economy going up, oil demand will inevitably increase steadily.
According to the forecast of the International Monetary Fund, global economic growth may rebound, and developed economies will have greater demand for use, with an estimated annual increase of 1.
2 million barrels per day.
By 2023, oil demand will reach 104.
7 million barrels/day, an increase of 69,000 barrels/day from 2018.
As has been the case for many years, the total demand of China and India accounted for 50% of the total global oil demand.
The Chinese economy is gradually changing to a consumption-oriented one.
It is estimated that by 2023, compared with the period 2010-2017, oil demand will slow down.
Correspondingly, India's oil demand will rise slightly.
By 2023, oil demand will still not reach its peak, and the growth rate will slow to 1 million barrels per day, compared with 1.
4 million barrels per day in 2018.
There are already signs that many countries have begun to replace oil with other energy sources.
A typical example is China, which has introduced a series of the most stringent fuel efficiency and emission regulations in the world.
Because China recognizes that it is urgent to improve the poor air quality in cities, air governance is of urgency.
The sales of electric vehicles have increased unreasonably, and the industry deployment of natural gas vehicles has been continuously strengthened, especially the performance of trucks and buses.
The emergence of more and more electric buses and LNG-fueled trucks in China will significantly reduce the industry's demand for oil and gas in the next few years (see Figure 2).
Figure 2.
The oil and gas industry has a high demand for high-performance anti-corrosion coatings.
Asia Pacific has become a strategic location for anti-corrosion coating manufacturers.
With the continued economic development of the Asia-Pacific region (APAC) and the increase in end application industries, this region dominates the global anti-corrosion coatings market.
The Middle East and Africa have gradually become strategic locations for anti-corrosion coating manufacturers after APAC (Figure 3).
Figure 3.
The global high-performance anticorrosive coatings market is dominated by Asia Pacific China and India's continued investment in construction, shipbuilding, energy and other fields has continuously promoted the trend of the industry and is expected to boost the anti-corrosion coatings market.
The increasing demand for energy and maintenance in the transportation industry has enabled China to grow into the world's largest consumer of anti-corrosion coatings.
Policies and regulations will also encourage the use of anti-corrosion coatings in many industries.
In recent years, the high standards of infrastructure construction in developing countries such as India and China have promoted the development of this market.
In addition, in emerging economies, such as India, the continuous growth of foreign direct investment has also played an important role in promoting the development of the anti-corrosion coatings market.
China is one of the main producers and consumers of anti-corrosion coatings.
Rapid urbanization has made a huge contribution to the growth of the construction, chemical and power generation industries.
All these factors continue to promote the development of my country's anti-corrosion coatings market.
The demand for green advanced technology is rising.
Consumers ' demand for environmentally friendly products has had a huge impact on the product value and innovation of the high-performance anti-corrosion coatings market.
At present, end users of high-performance anticorrosive coatings prefer those with good water resistance, chemical resistance, acid resistance, and hydrocarbon resistance, which can improve the production efficiency of components, extend the service life, and reduce maintenance costs; and they are easy to use and easy to clean.
.
Therefore, the advancement of technological innovation by demand has even exceeded consumer expectations.
