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South africa corrosion protective coatings and acid proof lining market | Coherent Market Insights

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South africa corrosion protective coatings and acid proof lining market | Coherent Market Insights

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

  2. SOUTH AFRICA CORROSION PROTECTIVE COATINGS & ACID PROOF LINING MARKET ANALYSIS • South Africa Corrosion Protective Coatings and Acid Proof Lining Market, By Product Type (Polymer Coatings (Epoxy, Polyurethane, Alkyd, Acrylic, Fluoropolymer, Vinyl Ester and Flake-filled Vinyl Ester), Rubber Lining Systems (Epoxy, Polyurethane), Acid Proof Lining (Ceramic & Carbon Brick Lining, Tile Lining, Thermoplastic Lining)), By End-use (Marine (Ballast Tanks, Intake pipelining), Transportation (Road Tankers, Rail Tankers, ISO Tanks), Chemicals (Phosphoric Acid Processing, Sulfuric Acid Processing, Hydrochloric Acid Processing, Chlorine Processing, Caustic Soda Processing), Water Treatment (Desalination, Sewage Treatment, Process & Waste Water), Mining & Metallurgy (Phosphate, Aluminum, Copper, Nickel, Gold, Steel, Platinum, Uranium), Oil & Gas, Power Generation, Others) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

  3. South Africa corrosion protective coatings & acid proof lining market is projected to reach around US$ 72,618.8 million by the end of 2027, in terms of revenue, growing at CAGR of 4.2% during the forecast period (2020-2027).

  4. Drivers: • Growing spending on repair and maintenance of the infrastructure especially across public sectors is predominantly fueling the growth of the South Africa corrosion protective coatings & acid proof lining market. The growing construction industry in the region coupled with the increasing population are other major factors expected to foster the market growth of the corrosion protective coatings & acid proof lining.

  5. The growing focus of manufacturers to develop innovative and eco-friendly coating technology is expected to accelerate market growth. Implementation of strict VOC regulation is encouraging manufacturers to develop eco-friendly coatings technology which is projected to have a positive impact on the market of the South Africa corrosion protective coatings & acid proof lining market over the forecast timeframe. 

  6. Figure 1. South Africa Corrosion ProtectiveCoatings & Acid Proof Lining Market Share (%) in terms of Value, By End-use, in 2019

  7. Market Restraints • The rising price of raw materials that are used in the production of coatings products is expected to hamper the market growth of South Africa corrosion protective coatings & acid proof lining. Pigments, solvents, binders, additives, and white urea are some of the major raw materials used on the production of coatings.

  8. Market Opportunities • Rising demand for industrial coatings in the country is expected to present potential opportunities to the market of South Africa corrosion protective coatings & acid proof lining. Growth in the various manufacturing industries such as automotive, marine, etc. in the country is propelling demand for the product. Hence, growth in the various end-user industries is expected to foster the market growth of the South Africa corrosion protective coatings & acid proof lining. • Growth in the chemical industry in the country is expected to represent lucrative opportunities to the market of corrosion protective coatings & acid proof lining over the foreseeable time period. According to the KPMG, the chemicals industry is a key sector of the South African economy. It accounts for about 25% of the nation's manufacturing sales and is the most developed of its kind in Africa

  9. Figure 2. South Africa Corrosion ProtectiveCoatings & Acid Proof Lining Market– Opportunity Analysis

  10. Market Trends • Product innovation by major players in the country is a major trend and this trend is expected to accelerate the market growth of corrosion protective coatings & acid proof lining. For instance, in April 2018, Axalta Coating Systems has launched one of its refinish brands, Nason Finishes, at a large paint importer and distributor in South Africa. Nason Finishes are formulated to be fast and easy to apply.

  11. Rising demand for protective coatings from the mining industry is expected to augment the market growth of the South Africa corrosion protective coatings & acid proof lining. Mining is considered as the backbone of the South African economy for more than 150 years. For instance, Thermaspray, South Africa’s coating and surface engineering specialist provides a quality range of thermal spray coating solutions for the protection of critical components in mining machinery and equipment.

  12. South Africa Corrosion Protective Coatings & Acid Proof Lining Market - Impact of Coronavirus (Covid-19) Pandemic • The Covid-19 is expected to hamper two main sources of income for South Africa – mining and tourism. The disruption of Chinese economy is expected to reduce demand for South Africa raw materials including iron, chromium, and manganese ores from China. Moreover, according to International Monetary Fund, in South Africa GDP growth is expected to fall from 0.2% in 2019 to -5.8% in 2020. The reduced GDP growth and slowdown in mining sector is expected to hamper growth of corrosion protective coatings & acid proof lining market in 2020. However, according to International Monetary Fund, South Africa’s GDP growth is expected to be 4.0% in 2021, which is expected to drive the mining sector in the country.

  13. Competitive Section: • Company Names  • BASF SE • Akzo Nobel N.V. • Jotun A/S • E. I. du Pont de Nemours and Company • Steuler KCH GmbH • The Weir Group PLC. • SGS South Africa (Pty) Ltd. • Corrocoat SA (Pty) Ltd • Ferro South Africa (Pty) Ltd • Flowcrete SA (PTY) Ltd • REMA TIP TOP South Africa • Dunlop Industrial Products Pty Ltd

  14. Few Recent Developments • Ashland Inc. • In November 2019, Ashland launched two new foam control agents for the water-based industrial coatings market. Drewplus L- 3500 and L-3510 foam control agents are the new standard in controlling macro – and microfoam in high shear spray applied coatings, providing an excellent balance between activity and compatibility.

  15. REQUEST SAMPLE • DOWNLOAD PDF BROCHURE • REQUEST CUSTOMIZATION • TALK TO ANALYST REFERENCE: https://www.coherentmarketinsights.com/market-insight/south-africa-corrosion-protective-coatings-and-acid-proof-lining-market-3908

  16. About Us: • Coherent Market Insights is a global market intelligence and consulting organization focused 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

  17. Contact Us: Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

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