What is Global Anti-Corrosive Pigment Market?
The Global Anti-Corrosive Pigment Market is a vast and dynamic sector that plays a crucial role in various industries. It refers to the global market of pigments that are specifically designed to prevent corrosion, a natural process that converts refined metal into a more chemically stable form. These pigments are used in a variety of applications to protect metal surfaces from the damaging effects of water, salt, and other corrosive elements. The market is driven by the increasing demand for these pigments in various industries such as marine, industrial, containers, and architectural industry. The global market value of these anti-corrosive pigments was US$ 1226.2 million in 2022 and is expected to reach US$ 1720.7 million by 2029. This indicates a Compound Annual Growth Rate (CAGR) of 4.9% during the forecast period of 2023-2029.
Chromate-based Pigments, Phosphate-based Pigments, Silica-based Pigments in the Global Anti-Corrosive Pigment Market:
The Global Anti-Corrosive Pigment Market is segmented into Chromate-based Pigments, Phosphate-based Pigments, and Silica-based Pigments. Chromate-based pigments are widely used due to their excellent corrosion resistance and adhesion properties. However, due to environmental concerns, the use of chromate-based pigments is being regulated and phased out in many regions. Phosphate-based pigments are gaining popularity as they are environmentally friendly and offer good corrosion resistance. Silica-based pigments are also used in various applications due to their excellent heat resistance and electrical insulation properties. The sales volume of these pigments in China was 123.8 K MT in 2019, which accounted for about 35.73% of the total global sales.
Marine, Containers, Industrial, Achitechive Industry in the Global Anti-Corrosive Pigment Market:
The Global Anti-Corrosive Pigment Market finds extensive usage in various sectors such as Marine, Containers, Industrial, and Architectural Industry. In the Marine industry, these pigments are used in the manufacturing of marine paints and coatings to protect ships and other marine structures from corrosion. In the Containers industry, these pigments are used to protect metal containers from corrosion, thereby increasing their lifespan. In the Industrial sector, these pigments are used in a variety of applications such as in the manufacturing of industrial equipment, machinery, and structures to protect them from corrosion. In the Architectural industry, these pigments are used in the production of architectural paints and coatings to protect buildings and other structures from corrosion.
Global Anti-Corrosive Pigment Market Outlook:
The Global Anti-Corrosive Pigment Market outlook highlights the growth and potential of this market. In 2022, the market was valued at US$ 1226.2 million and it is projected to reach a value of US$ 1720.7 million by 2029. This indicates a steady growth with a Compound Annual Growth Rate (CAGR) of 4.9% during the forecast period of 2023-2029. The market is driven by the increasing demand for anti-corrosive pigments in various industries and the development of new and improved anti-corrosive pigments. The sales volume of these pigments in China was 123.8 K MT in 2019, which accounted for about 35.73% of the total global sales. This shows the significant role of China in the global Anti-Corrosive Pigment market.
| Report Metric | Details |
| Report Name | Anti-Corrosive Pigment Market |
| Accounted market size in 2022 | US$ 1226.2 in million |
| Forecasted market size in 2029 | US$ 1720.7 million |
| CAGR | 4.9% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Heubach, W.R. Grace, NIRBHAY RASAYAN, Halox, Ferro, SNCZ, PPG Silica Products, Tayca Corporation, Junma Technology, Noelson Chemicals, Fuji Silysia Chemical, Henan Yingchuan New Material |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
