Farmington, Jan. 13, 2023 (GLOBE NEWSWIRE) -- The Global Inorganic Zinc Coatings Market is expected to reach at USD 1.48 Billion by 2030, at a CAGR of 10.0% from 2023 to 2030. The galvanic protection that steel surfaces need can be provided by inorganic zinc coatings. Zinc coatings are characterised by the presence of a sizeable quantity of zinc dust that is combined with the binder. Zinc silicate is the binder of choice for inorganic zinc coatings, as opposed to organic zinc coatings, which often make use of organic resins like butyl, epoxy, or urethane. Coatings made of inorganic zinc have superior mechanical characteristics and resistance to impact.
Request Sample Copy of Report “Inorganic Zinc Coatings Market - Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2030”, published by Contrive Datum Insights.
Recent Developments:
- March 26, 2021: Jotun announces price increases following sharp rise in raw material costs
The costs of raw materials used for the manufacturing of paints and coatings have increased significantly. Market reports, like the Independent Commodity Intelligence Services (ICIS) for epoxy, titanium dioxide and various resins, confirm this development - August 8, 2019, Jotun signs 42 vessels HPS contract with Wallenius Wilhelmsen
HPS combines premium SeaQuantum X200 antifouling with technical and digital solutions to accurately measure hull performance. The antifouling works to increase vessel efficiency, cut fuel costs and reduce CO2 emissions. - December 2, 2022, AkzoNobel completes acquisition of Lankwitzer Lackfabrik’s aluminum wheel liquid coatings business
AkzoNobel has completed the acquisition of the wheel liquid coatings business of Lankwitzer Lackfabrik GmbH, a deal which strengthens the company’s performance coatings portfolio. - June 7, 2022, AkzoNobel to acquire African paints and coatings activities from Kansai Paint
AkzoNobel is to further strengthen its African footprint after reaching an agreement with Kansai Paint to acquire its paints and coatings activities in the region. Completion, which is subject to regulatory approvals, is expected during the course of 2023.
Regional Outlook:
North America holds a sizable majority share of the global market for inorganic zinc coatings. The region has witnessed a growth in the usage of cutting-edge coating materials for the continued development of infrastructure in the region. It is anticipated that Asia Pacific will grow at a compound annual growth rate (CAGR) that is larger than that of other areas.
This is because of the growth of end-use industries as well as the rapid industrialization and urbanisation of the region, both of which have led to the growth of the building and construction sector, both of which have led to an increase in the use of zinc coatings for surface protection. As a result, this growth in end-use industries has led to an increase in the use of zinc coatings for surface protection. Additionally, it is anticipated that Europe would hold a substantial portion of the global market for inorganic zinc coatings.
Over the course of the projected period, it is anticipated that Japan will generate a considerable number of incremental opportunities. On the other hand, over the course of the projected period, it is anticipated that growth will be sluggish in both the Middle East and Africa.
Buy this Premium Research Report@
https://www.contrivedatuminsights.com/buy/9543?Mode=PM
Scope of Report:
| Report Attributes | Details |
| Growth Rate | CAGR of 10.0 % from 2023 to 2030. |
| Revenue Forecast by 2030 | USD 1.48 Billion |
| By Type | Alkali Silicate Water borne, Ethyl Silicate Solvent borne, Other |
| By Application | Paints and coatings industry, Automotive, Oil and gas, Building and construction, Power generation, Machinery, Iron and steel industry, Transportation, Other |
| By Companies | The Jotun Group, Akzo Nobel N.V., SUMTER COATINGS, INC., Rust Bullet Australia, Altex Coatings Ltd, Polyset Company, Anochrome Group, Specialized Coating Systems (Pty)Ltd, Strands Industrial Coatings |
| Regions and Countries Covered |
|
| Base Year | 2022 |
| Historical Year | 2017 to 2022 |
| Forecast Year | 2023 to 2030 |
Market Drivers:
Coatings made of inorganic zinc are resistant to the effects of solvents and can tolerate high temperatures. The inorganic zinc coating is very resistant to flaking, cracking, and blistering. When opposed to organic zinc coatings, the materials used for inorganic zinc coatings are much simpler to weld as well as clean. When compared to organic zinc coatings, the corrosion resistance offered by inorganic zinc coatings is far higher.
Market Restraints:
Because of the porous character of inorganic zinc primers, one of the most significant obstacles that inorganic zinc coatings must overcome on a global scale is the fact that top coating with inorganic zinc coatings is more difficult than top coating with other coatings on top surfaces. This can result in the top coat having pinholes, cavities, and bubbles in it. Additionally, inorganic zinc coatings are not recommended for use on bodies that are submerged in water.
Key Segments Covered:
Top Market Players:
The Jotun Group, Akzo Nobel N.V., SUMTER COATINGS, INC., Rust Bullet Australia, Altex Coatings Ltd, Polyset Company, Anochrome Group, Specialized Coating Systems (Pty)Ltd, Strands Industrial Coatings, and others.
By Type
- Alkali Silicate Water borne
- Ethyl Silicate Solvent borne
- Other
By Application
- Paints and coatings industry
- Automotive
- Oil and gas
- Building and construction
- Power generation, Machinery
- Iron and steel industry
- Transportation
- Others
Regions and Countries Covered
- North America: (US, Canada, Mexico, Rest of North America)
- Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
- Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
- The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
- Latin America: (Brazil, Argentina, Rest of Latin America)
- Rest Of the World
Check out more related studies published by Contrive Datum Insights:
- Coil Coatings Market - The global Coil Coatings Market was valued at USD 5.0 Billion in 2022 and is projected to reach USD 6.8 Billion by 2030, growing at a CAGR of 4.7% from 2023 to 2030. In 2021, 44.2% of the value of the global coil coatings market was in Asia Pacific. Over the next few years, the value of the coil coatings market in the region is expected to grow at a CAGR of 6.9%.
- Yacht Coatings Market - The global Yacht Coatings Market is expected to reach at a growth of USD 4.21 Billion by 2022 and is projected CAGR of 12.0% during the forecast period 2022 to 2030. Europe is the biggest market for yacht coatings because there are so many boats made there.
- Polyurethane Resin Industrial Coatings Market - According to the findings of the geographical study, it is anticipated that the market in North America would account for the biggest revenue share of the global market throughout the period covered by the forecast.
Customization of the Report: The report can be customized as per client needs or requirements.For any queries, you can contact us on anna@contrivedatuminsights.com or +1 215-297-4078. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.
About Us:
Contrive Datum Insights (CDI) is a global delivery partner of market intelligence and consulting services to officials at various sectors such as investment, information technology, telecommunication, consumer technology, and manufacturing markets. CDI assists investment communities, business executives, and IT professionals to undertake statistics-based accurate decisions on technology purchases and advance strong growth tactics to sustain market competitiveness. Comprising of a team size of more than 100 analysts and cumulative market experience of more than 200 years, Contrive Datum Insights guarantees the delivery of industry knowledge combined with global and country-level expertise.
Social: Facebook / LinkedIn / Twitter
Contact Us:
Anna B. | Head Of Sales
Contrive Datum Insights
Phone: +91 9834816757 | +1 2152974078
Email: anna@contrivedatuminsights.com
Website:
https://www.contrivedatuminsights.com
Contrive Datum Insights Press Releases
Latest Contrive Datum Insights Latest Reports
