What is Global Anti-corrosion Pigment Market?
The Global Anti-corrosion 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, including coatings and paints, to protect metal surfaces from the damaging effects of corrosion. The market is driven by the increasing demand for these pigments in various industries, including marine, construction, and industrial, among others. The value of this market was estimated at US$ 1411 million in 2023 and is projected to reach US$ 1936.1 million by 2030, growing at a CAGR of 4.8% during the forecast period 2024-2030.
Chromate-based Pigments, Phosphate based Pigments, Silica-based Pigments, Others in the Global Anti-corrosion Pigment Market:
The Global Anti-corrosion Pigment Market is segmented into various types based on their composition and properties. These include Chromate-based Pigments, Phosphate-based Pigments, Silica-based Pigments, and others. Chromate-based pigments are widely used due to their excellent corrosion resistance and durability. However, due to environmental concerns, their use is being gradually replaced by other types of pigments. Phosphate-based pigments are gaining popularity due to their eco-friendly nature and superior performance. Silica-based pigments, on the other hand, are known for their high temperature resistance and are commonly used in high-temperature applications. The other types of pigments include those made from various materials like zinc, aluminum, and others. Each of these pigments has its own set of advantages and disadvantages, and their selection depends on the specific requirements of the application.
Marine, Containers, Industrial, Construction, Others in the Global Anti-corrosion Pigment Market:
The Global Anti-corrosion Pigment Market finds its application in various sectors such as Marine, Containers, Industrial, Construction, and others. In the Marine sector, these pigments are used in the manufacturing of marine paints and coatings to protect ships and other marine structures from corrosion. In the Containers sector, they are used to protect metal containers from corrosion, thereby increasing their lifespan. In the Industrial sector, these pigments are used in various applications like machinery, equipment, structures, etc., to protect them from corrosion and increase their durability. In the Construction sector, they are used in the manufacturing of paints and coatings used in construction activities to protect the structures from corrosion. The other applications include automotive, oil & gas, power generation, and others.
Global Anti-corrosion Pigment Market Outlook:
The future outlook of the Global Anti-corrosion Pigment Market looks promising. As of 2023, the market was valued at US$ 1411 million and is expected to reach US$ 1936.1 million by 2030, growing at a CAGR of 4.8% during the forecast period 2024-2030. The top six manufacturers globally hold a share of over 51%. The Asia-Pacific region, being the largest market for anti-corrosion pigments, holds a share of over 47%. In terms of product, phosphate-based pigments are the largest segment, with a share of over 40%. When it comes to application, the largest sectors are marine and industrial, with a share of over 28%, followed by containers.
| Report Metric | Details |
| Report Name | Anti-corrosion Pigment Market |
| Accounted market size in 2023 | US$ 1411 million |
| Forecasted market size in 2030 | US$ 1936.1 million |
| CAGR | 4.8% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| 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, 2M Holdings, Yipin Pigments |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
