Anti Corrosion Coatings Market is Estimated to Witness High Growth Owing to Opportunity for Infrastructure Development and Expansion of Oil & Gas Industry
Anti corrosion coatings are protective coatings applied to metallic surfaces to prevent them from corrosion. They form a protective film that adheres well to the substrate and effectively seals the pores and pinholes of the substrate. Anti corrosion coatings find extensive applications in oil & gas industry, marine, infrastructure and transportation among others. The growing need to protect infrastructure and industrial equipment from corrosion damages is driving the demand for anti corrosion coatings. The global anti corrosion coatings market is estimated to be valued at US$ 29.9 billion in 2023 and is expected to exhibit a CAGR of 3.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity The opportunity for infrastructure development and expansion of oil & gas industry presents a lucrative growth prospect for anti corrosion coatingsmarket . Anti corrosion coatings play a vital role in extending th