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AUSTRALIA CORROSION PROTECTIVE COATINGS & ACID PROOF LINING MARKET ANALYSIS

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AUSTRALIA CORROSION PROTECTIVE COATINGS & ACID PROOF LINING MARKET ANALYSIS

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. AUSTRALIA CORROSION PROTECTIVE COATINGS & ACID PROOF LINING MARKET ANALYSIS • Corrosion protective coatings (CPC) is used to prevent the corrosion of metal caused by various environmental factors. This coating avoids the exposure to moisture or other foreign particles present in the atmosphere. The coating or layer acts as a barrier between the materials and the foreign particle. 

  3. Statistics: • The Australia Corrosion Protective Coatings (CPC) & Acid Proof Lining (APL) market is accounts for US$ 809,034.7 (‘000) in 2019 and is expected to reach US$ 1,148,417.2  (‘000) by 2027, in terms of value. The market is estimated to grow with a CAGR of 4.5%. • Drivers: • The booming metal and mining industry in Australia is a prime factor propelling the market growth of corrosion protective coatings (CPC) & acid proof lining (APL). The government is investing heavily in order to promote the research and development activity in the mining industry is another major factor fueling market growth. For instance, in November 2019, India's move to allow 100 percent foreign direct investment in coal mining is a "positive move" and a good policy enabler towards the country's long-term ambition of producing 300 million tonnes of steel per annum. This is projected to fuel the market growth of corrosion protective coatings and acid proof layer market over the forecast period. • Growth of the economy in Australia has raised the demand for protective coatings which has broad usage in industrial sectors. For instance, the Australian economy has recorded an annual growth rate of 3.1% between 2015 and 2016. The gross domestic product (GDP) of Australia is projected to exhibit a growing trend over the forecast period expected to show a promising growth of the market.

  4. Market Restraints • Strict rules and regulations in Australia regarding the hazardous factors associated with corrosion protective coatings and acid proof lining that have a negative impact on the market are expected to hamper the market growth of Australia corrosion protective coatings and acid proof lining. For instance, the Australian Paints Approval Scheme (APAS) has set stringent regulations to restrict VOC emissions from paints & coatings since 1996. Protective coatings are mainly solvent-based technology, which in turn leads to the release of toxic volatile content owing to the use of solvent. Therefore, increasing usage of solvent-based corrosion protective coatings is projected to hinder the market growth. • Rising energy cost and fluctuating price of raw material due to volatility in oil and gas prices are projected to hamper the market growth of the protective coating. Also, the rising price of energy is further estimated to obstruct the market growth of acid proof lining market in Australia over the forecast period.

  5. Figure 1. Value Chain Analysis

  6. Market Opportunities • Expanding architectural industry in Australia is projected to offer immense growth opportunities over the forecast period. The Australian coating and paint market is dominated by architectural and decorative paints, which accounts for nearly 60% of all products. The consumer and legislation-driven push for more environmentally-friendly coating products means that of these architectural paints some 90% are water-based. Most of these coatings are also Australian produced, and Australian companies such as Dulux are still strongly represented. The top coating manufacturers Australia are PPG Industries, Valspar, AkzoNobel, and Dulux Group. • Growing demand for industrial coating is projected to augment the market growth of corrosion protective coatings and acid proof layer. In 2016, $0.85 billion of industrial coatings were sold to customer industries such as automotive refinish coatings, industrial maintenance coatings, traffic marking paints and marine paints in the region. Therefore, this factor is expected to offer immense growth opportunities to the market over the forecast period.

  7. Market Trends/Key Takeaways • Rising consolidation in the Australia market due to the increasing number of mergers and acquisitions in the region is a major trend that has been observed in the market. For instance, in October 2017, Dutch paintmakerAkzoNobel confirmed that it was in talks to combine with US rival Axalta Coating Systems, in a deal that would bring together two top producers of industrial coatings and create an obstacle to any renewed takeover attempt from PPG Industries. • Increasing demand for protective coatings from the construction industry is projected to propel the market growth over the forecast period. For instance, in January 2019, AkzoNobel has expanded its International range with additional coatings and mortars for the repair and remediation of concrete. Following AkzoNobel’s acquisition of Flexcrete Technologies Ltd in June 2017, the full range of advanced cementitious coatings is being made available as part of the Intercrete series.

  8. Competitive Section: • Company Names  • Manufacturers • Metz Specialty Materials Pty Ltd • Flight Extruded Plastics. • Denso (Australia) Pty Ltd • Weir Minerals Australia Ltd • Stebbins Australia Pty Ltd • KaeferNovacoat Pty Ltd • Era Polymers • Steuler KCH Australia Pvt Ltd • Townscend • Rubbertec Australia Pvt Ltd • Covestro Pty Ltd • REMA TIP TOP Industrial Australia PTY Ltd

  9. Service & Solution Providers • WEARX Pty Ltd • Koch Knight LLC • Leading Edge Conveyor Services Pty Ltd • Installers/Suppliers/Contactors/Testing • Beroa Australia Pty Limited • Duratec Pty Ltd • Australian Lining Company • Superior Hi-Tech Coatings  • Rubbertex Pty Ltd.  • Industrial Rubber Sales Pty Ltd • Few Recent Developments • Covestro Pty Ltd • In July 2016, Covestro AG set up a new HDI production plant for coatings raw materials in Shanghai, China. The new plant has a production capacity of 50,000 tonnes of HDI per year.

  10. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst Reference: https://https://www.coherentmarketinsights.com/market-insight/australia-corrosion-protective-coatings-and-acid-proof-lining-market-3174

  11. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

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