At what pace is the zinc rich coating market growing, and what is its estimated value?
The zinc rich coating market size has grown rapidly in recent years. It will grow from $1.47 billion in 2024 to $1.63 billion in 2025 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to the rise of industrialization, infrastructure development, a growing focus on maintenance and repair, advancements in chemical engineering, and early adoption in heavy industries like construction and manufacturing.
The zinc rich coating market size is expected to see rapid growth in the next few years. It will grow to $2.45 billion in 2029 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to increasing infrastructure projects, growing industrial maintenance needs, rising demand for corrosion protection, advancements in coating technology, and stricter environmental regulations. Major trends in the forecast period include increased use in sustainable construction, growth in marine and offshore applications, advancements in eco-friendly formulations, rising demand in emerging markets, and enhanced performance characteristics.
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What are the top drivers to the rising demand in the zinc rich coating market?
The increasing demand for maritime vessels is expected to propel the growth of the zinc-rich coating market going forward. Maritime vessels encompass ships and boats built for navigation on oceans, seas, and other water bodies, serving diverse functions such as cargo transport, passenger travel, and naval operations. The demand for marine vessels has expanded due to global trade and the need for efficient, cost-effective transportation of goods over international waters. The harsh marine environment exposes ships and other structures to seawater, salt spray, and humidity, which accelerate the corrosion of metal surfaces. Zinc-rich coatings protect marine vessels from corrosion and act as a multi-coating system’s primer layer. For instance, in January 2023, according to the United Nations Conference on Trade and Development, a Switzerland-based intergovernmental organization, the global merchant fleet or vessel registrations rose to 105,000 in 2023, marking a 2.4% increase from 103,000 in 2022. Moreover, shipbuilding activities were predominantly driven by China, the Republic of Korea, and Japan, collectively accounting for 93% of the global market share. Therefore, increasing demand for maritime vessels will drive the growth of the zinc-rich coating market.
How is the zinc rich coating market segmented?
The zinc rich coatingmarket covered in this report is segmented –
1) By Type: Organic Zinc Rich Coating, Inorganic Zinc Rich Coating
2) By Application: Medical Instruments, Aerospace Components, Auto Parts, Other Applications
3) By End User: Automotive, Marine, Oil And Gas, Construction, Infrastructure
Subsegments:
1) By Organic Zinc Rich Coating: Epoxy Zinc Rich Coating, Polyurethane Zinc Rich Coating, Alkyd Zinc Rich Coating, Other Organic Types
2) By Inorganic Zinc Rich Coating: Silicate Zinc Rich Coating, Chromate Zinc Rich Coating, Other Inorganic Types
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Who are the top competitors in the zinc rich coating market?
Major companies operating in the zinc rich coating market are BASF SE, The Sherwin-Williams Company, PPG Industries Inc., Akzo Nobel N.V., Sika AG, Axalta Coating Systems Ltd., Kansai Paint Co. Ltd., Hempel A/S, Jotun Group, Carboline Company, ChemPoint Inc., Pioneer Metal Finishing LLC, KTA-Tator Inc., Grand Polycoats Company, Specialized Coating Systems Pty Ltd., Dulux Protective Coatings, Rainbow Technology Corp, Anochrome Group, Baril Coatings USA, Advance Paints Pvt Ltd., ZRC Worldwide, J Harlen, Rust Bullet Australia, Thomas Howse Ltd., Toa Chugoku Paints Pvt Ltd., Zigma Paints Pvt Ltd
What significant trends should we anticipate in the zinc rich coating market over the forecast period?
Major companies operating in the zinc-rich coating market are focused on developing eco-friendly protective solutions, such as isocyanate-free coatings, to enhance corrosion resistance and extend asset lifespan. Isocyanate-free coatings are innovative protective solutions that improve corrosion resistance while prioritizing safety and environmental compliance by eliminating harmful isocyanates from their formulations. For instance, in April 2023, Tnemec Company, Inc., a US-based architectural and industrial coatings manufacturer, introduced a water-based zinc-rich epoxy primer, Series 90-75 Tneme-Zinc. This primer offers enhanced protection for steel surfaces in various environments and is designed to meet LEED v4.1 Low-Emitting Materials credit requirements. This isocyanate-free primer features an ultra-low VOC formulation that cures quickly and creates an open network polymer structure in the dry film, enhancing conductivity between zinc particles for superior galvanic corrosion protection. Tneme-Zinc complies with AISC Class B surface standards and is available in a reddish-gray color.
Which regional trends are influencing the zinc rich coating market, and which area dominates the industry?
North America was the largest region in the zinc rich coating market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the zinc rich coating market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Zinc Rich Coating Market Report 2025 Offer?
The zinc rich coating market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Zinc rich coating is a type of paint or layer that contains a high concentration of zinc. It is used to protect metal surfaces from corrosion by providing a barrier and acting as a sacrificial anode. This coating helps ensure the longevity and durability of metal structures.
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