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 the world economy. It refers to the global market of pigments that are specifically designed to prevent corrosion, a natural process that gradually destroys materials, especially metals, by chemical reaction with their environment. These pigments are widely used in various industries to protect metal surfaces from the damaging effects of corrosion. The market is driven by the increasing demand for these pigments in various industries such as marine, oil & gas, infrastructure, and automotive among others. The value of this market was estimated to be US$ 1226.2 million in 2023 and it is projected to reach US$ 1720.7 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.9% during the forecast period of 2024 to 2030.
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 properties. However, due to environmental concerns and strict regulations, the use of chromate-based pigments is declining and being replaced by non-chromate pigments. Phosphate-based pigments are another type of anti-corrosive pigments that are gaining popularity due to their eco-friendly nature and superior performance. They offer excellent adhesion, water resistance, and anti-corrosive properties. Silica-based pigments are also used as anti-corrosive pigments due to their high thermal stability, chemical resistance, and excellent mechanical properties. They are widely used in high-temperature applications.
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 sector, these pigments are used to protect ships and other marine structures from the harsh marine environment. They are used in the coating of containers to prevent corrosion and increase their lifespan. In the Industrial sector, these pigments are used in various applications such as oil & gas, power generation, and chemical industries to protect machinery and infrastructure from corrosion. In the Architectural industry, these pigments are used in the coating of buildings and structures to protect them from environmental factors and increase their durability.
Global Anti-Corrosive Pigment Market Outlook:
The future outlook for the Global Anti-Corrosive Pigment Market appears promising. In 2023, the market was valued at US$ 1226.2 million and it is expected to grow at a steady pace, reaching an estimated value of US$ 1720.7 million by 2030. This represents a Compound Annual Growth Rate (CAGR) of 4.9% during the forecast period from 2024 to 2030. China, a major player in the market, recorded sales volume of 123.8 K MT in 2019, accounting for about 35.73% of the total global volume.
| Report Metric | Details |
| Report Name | Anti-Corrosive Pigment Market |
| Accounted market size in 2023 | US$ 1226.2 million |
| Forecasted market size in 2030 | US$ 1720.7 million |
| CAGR | 4.9% |
| 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 |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
