Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
What is the Current Market Size and Future Prospect for Corrosion Under Insulation (CUI) & Spray-On Insulation (SOI) Coatings?
The corrosion under insulation (CUI) & spray-on insulation (SOI) coatings market has been witnessing strong growth in recent years. It stood at $1.94 billion in 2024 and is expected to grow to $2.07 billion by 2025, registering a compound annual growth rate (CAGR) of 6.3%. The robust market growth can be attributed to an escalated demand for industrial infrastructure maintenance, corrosion prevention and protection, energy efficiency, insulation, and the surging needs in the oil and gas industry, and in petrochemical and chemical plants.
Moreover, the future looks promising for the CUI and SOI coatings market as it is projected to hit $2.81 billion by 2029 with a compound annual growth rate of 8.0%. The growth in the forecast period will be driven by the renewal of aging infrastructure, offshore and marine applications, advancement in insulation materials, increasing adoption of sustainable and eco-friendly coatings, asset integrity management, and expansion in emerging markets.
Get Your Free Sample of The Global Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market Report: https://www.thebusinessresearchcompany.com/sample.aspx?id=7623&type=smp
What are the Drivers of the Corrosion Under Insulation (CUI) & Spray-On Insulation (SOI) Coatings Market?
The growth of the CUI and SOI coatings market is primarily driven by the rapid expansion in end-use industries such as marine, oil and gas, petrochemical, and construction. These industries have been on the rise in recent years due to economic growth and industrialization. They house a vast number of pipelines that are consistently exposed to corrosive chemicals and moisture, necessitating regular anti-corrosion treatments.
How is the Corrosion Under Insulation (CUI) & Spray-On Insulation (SOI) Coatings Market Segmented?
• By Product: Solvent-Based Coating, Water-Based Paint, Powder Coating
• By Material: Epoxy Anticorrosive Coating, Polyurethane Coating, Inorganic Zinc-Rich Coating, Alkyd Coating, Acrylic Coating, Chlorinated Rubber Coating, Other Materials
• By End-User: Marine, Oil and Gas and Petrochemical, Energy and Power, Other End-Users
Order your report now for swift delivery @
Who are the Major Players in the Corrosion Under Insulation (CUI) & Spray-On Insulation (SOI) Coating Market?
Notable players in the market include Akzo Nobel N.V., PPG Industries Inc., Jotun A/S, The Sherwin-Williams Company, Hempel A/S, Kansai Paint Co. Ltd., Nippon Paint Co. Ltd., RPM International Inc., Syneffex Inc., Kaefer GmbH, Belzona Inc., Resimac Ltd., Carboline Company, International Paint Ltd., and Rust-Oleum Corporation.
What are the Emerging Trends in the Corrosion Under Insulation (CUI) & Spray-On Insulation (SOI) Coatings Market?
Strategic partnerships are shaping the market landscape. Major companies are entering partnerships to expand their market reach. In August 2023, BASF SE, a Germany-based chemicals company that provides CUI and SOI coatings, partnered with Nippon Paint Holdings Co. Ltd.
Which Region is Witnessing Promising Growth?
Asia-Pacific emerged as the largest region in the corrosion under insulation (CUI) & spray-on insulation (SOI) coatings market in 2024. It is also expected to be the fastest-growing region in the forecast period.
What Does The Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market Report 2025 Offer?
The corrosion under insulation refers to the corrosion of steel and iron equipment due to the entry of moisture from insulation vents. Spray-on insulation coating is an epoxy-based coating applied to the inner lining of insulation pipes. The Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7623
About The Business Research Company
The Business Research Company boasts 15000+ reports from 27 industries that cover 60+ geographies. With 1,500,000 datasets, in-depth secondary research, and unique insights from industry leaders, we provide the information you need to stay ahead.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
