The global Anti-Corrosive Packaging market worth USD 35.82 Billion by 2030, growing at a CAGR of 4.7%
Factors that are encouraging the growth of global anti-corrosive packaging market is increase in loss of products because of corrosion. Moreover, drivers that are fueling the demand of anti-corrosive packaging market are growth of the end-use industries like transportation & automotive and generation of power. Rapid growth in the demand of anti-corrosive packaging market from several industries like construction, gas & oil and marine are the other factors that are boosting the growth of global anti-corrosive packaging market.
Increase in the marine and construction industries are participating in the development of global anti-corrosive packaging market globally. Moreover, growth in the activities of maintenance and ship repair worldwide are fueling the anti-corrosive packaging market. Crude oil is the leading raw material used for producing anti-corrosion packaging market. Variations in the cost of the raw materials are affecting the anti-corrosive packaging market growth. Although, usage of anti-corrosive packaging in construction and steel industries are projected to offer various opportunities in the anti-corrosive packaging market growth. Industry of anti-corrosive packaging is shifting in investing in implementing the technologies for producing eco-friendly high-quality new products. Initiatives in the research & development technologies for the development of new product with the growth in demand for modern infrastructure and transportation industry and alternative energy continue to fuel the demand for anti-corrosive packaging market.
The current trend in the industry of manufacturing is anti-corrosive packaging. Growth in the demand for anti-corrosive packaging are moving towards the competition amongst the companies of packaging leading the global anti-corrosive packaging market with the latest developed technologies. Anti-corrosive packaging materials are used for the packaging of products made from containers, film and multilayers of construction, increasing the demand for anti-corrosive packaging market.
Anti-corrosion packaging market is cost-effective amongst the manufacturers of products of low-range used in infrastructure, commercial architecture and manufacturing. In addition, substantial amount of regional and large participants offers manufacturers to oblige in maintaining the low prices because of sensitivity of customers towards expensiveness, in the emerging regions of Asia Pacific. Although, companies of expensive packaging materials uses the protective packaging for protecting the substrates in off-shore, conditions of chemical exposure and harsh marine witness sensitivity for price and lesser competition, as consumers looks for efficient and specialized products for various applications at high cost.
Global anti-corrosive packaging market is segmented on the basis of technology, type, end-use and region. On the basis of technology, anti-corrosion packaging market is divided into waterborne, solvent-borne and powder coating. Based on type, anti-corrosive packaging market are divided into polyurethane, epoxy, zinc, acrylic, chlorinated rubber, alkyd and more. On considering the end-use, anti-corrosive packaging market is divided into power generation, marine, infrastructure, gas & oil, transportation & automotive, industrial and many more.
Geographically, regions involved in the development of global anti-corrosive packaging market size are South America, North America, Asia Pacific, Europe and Middle East & Africa. In 2017, Asia Pacific was leading the anti-corrosive packaging market share in terms of volume. It is anticipated to experience the rise in demand for the anti-corrosive packaging market because of increase in the rules of government positively impacts the market growth.
Anti-Corrosive Packaging Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2030||USD 35.82 Billion|
|Growth Rate||CAGR of 4.7 % during 2022-2030|
|Segment Covered||By Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||PPG Industries, Inc., Axalta Coating Systems Ltd., BASF SE, AkzoNobel N.V., Jotun, Ashland Inc., Sherwin-Williams Company, RPM International Inc, and Kansai Paint Co., Ltd. Amongst others.|
Key Segments in the “Global Anti-Corrosive Packaging Market” are-
By Technology, market is segmented into:
- Powder coating
By Type, market is segmented into:
- Chlorinated Rubber
By End-Use, market is segmented into:
- Power Generation
- Gas & Oil
- Transportation & Automotive
By Regions market is segmented into:
- South America
- North America
- Asia Pacific
- Rest of the World