[FURL=https://www.industryarc.com/Research/Global-Chemical-Resistant-Coatings-Market-Research-503369?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Global Chemical Resistant Coatings Market[/FURL] Global Chemical Resistant Coatings Market size is forecast to reach US$8.3 billion by 2026, after growing at a CAGR of 5% during 2021-2026. Chemical resistant coatings are designed to protect against the harshest of chemicals. Various types of chemical resistant coatings such as epoxy, fluoropolymer, ethylene tetrafluoroethylene, and fluorinated ethylene propylene are provided excellent corrosion protection, cost-effectiveness, friction protection, impact resistance, and corrosion-resistant. Due to such properties these coatings are widely used in food & beverages, oil & gas, construction, water treatment, and rubber manufacturing which is growing the chemical resistant coatings market.Key Takeaways
The Asia Pacific dominates the global chemical resistant coatings market due to the increasing consumption of chemical resistant coatings from various end-use industries such as oil & gas, construction, marine, and others in developing Asian countries such as India and China.
Various coatings such as fluoropolymer, ethylene tetrafluoroethylene, and fluorinated ethylene propylene are used on tanks and metal components. These coatings can withstand high temperature and provides excellent corrosion resistance which is growing the demand of such coating in the market.
Additionally, solvent-based coatings technology has superior properties such as flexibility and versatility of coating, thus; these can be designed as high-quality architectural coatings where superior flow and leveling are required and other industrial applications.
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Global Chemical Resistant Coatings Market Segment Analysis – By Geography
Asia Pacific dominated the global chemical resistant coatings market in 2020 with a share of 30%, due to the increasing demand from various end-use industries such as food & beverages, construction, oil and gas, and others in Asian countries such as India, China, and others which are estimated to grow the demand for chemical resistant coatings. Chemical resistant coatings such as a fluoropolymer, ethylene tetrafluoroethylene, fluorinated ethylene propylene, and others are used for industrial applications as protection from corrosive acids, alkalies, and solvents as well as fuels, oils, and greases.
Global Chemical Resistant Coatings Market Drivers
Growing Oil and Gas activities in North America
Growing Infrastructure in the Asia-Pacific Region
Global Chemical Resistant Coatings Market Landscape
Major players in the Global Chemical Resistant Coatings Market are Wacker Chemie AG, BASF, Sika AG, Metal Coatings Corp, ITW Polymers Sealants, The Jotun Group, The Sherwin-Williams Company, PPG Industries Inc., VersaFlex Incorporated, Jotun and more
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