The Corrosion Protection Coating Market has experienced strong growth in recent years. It grew from $17.82 billion in 2024 to an estimated $18.93 billion in 2025, representing a compound annual growth rate (CAGR) of 6.2%. This growth in the historic period can be attributed to factors such as infrastructure development, a booming automotive sector, an increased focus on sustainable construction, and the rising requirements of the aerospace industry.
The market is expected to continue to grow in the coming term, forecast to reach $24.98 billion by 2029 at a CAGR of 7.2%. Fueling this growth will be demands for eco-friendly coatings, expansion of the energy sector, and mounting attention towards asset longevity.
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What are the Major Growth Drivers in the Corrosion Protection Coating Market?
The burgeoning oil and gas industry is a primary growth driver for the corrosion protection coatings market. Economic growth fuels demand for oil and gas products, in turn increasing the need for corrosion protection coatings that guard steel structures in these industries from degradation. This inclination is further bolstered by data from the US Energy Information Administration indicating increased U.S. crude oil output and natural gas consumption.
Which Segments are Covered in the Corrosion Protection Coating Market Report?
The following segments, among others, are covered in the report
1) By Resin Type: Epoxy, Polyurethane, Zinc, Alkyd, Acrylic, Chlorinated Rubber, Other Types
2) By Technology: Water-Based, Solvent-Based, Powder-Based, Other Technologies
3) By End-Use Industries: Marine, Oil And Gas, Petrochemical, Infrastructure, Power Generation, Water Treatment, Other End-users
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Who are Some Major Players in the Corrosion Protection Coating Market?
Companies like Jotun A/S, Hempel A/S, RPM International Inc., Akzo Nobel N.V., and The Sherwin-Williams Company are a few of the significant players operating in the market. They are joined by other contributors such as BASF SE, Axalta Coating Systems LLC, PPG Industries Inc., and 3M Company.
What are the Current Trends in the Corrosion Protection Coating Market?
Recent technological innovations have emerged as a key trend in the market, with companies striving to offer innovative corrosion coating products to strengthen their position in the market. A prime example is Hempel, a Denmark-based coating solution company, which launched a fast-drying CUI coating, Hempaprime CUI 275, in 2022.
How is the Corrosion Protection Coating Market Performing Across Different Regions?
As of 2024, Asia-Pacific was the largest region in this market. It is also anticipated to be the fastest-growing region in the coming term. Other regions covered in the report include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Corrosion Protection Coating Market Report 2025 Offer?
Corrosion protection coating refers to a solution used to prevent metal degradation due to environmental exposure, degradation, oxidation, and moist air. The Corrosion Protection Coating Market research report offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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