Corrosion protective coating materials have huge demand from various industries. In addition, increasing demand for corrosion protective coatings from marine, building & construction, oil & gas, aerospace, defence, and automotive industry is anticipated to drive growth of the global corrosion protective coatings market over the forecast period.

The global corrosion protective coatings market report has been segmented on the basis of resin type, technology, application, and region.

On the basis of resin type, the global corrosion protective coatings market has been segmented into polyurethane, alkyd, epoxy, acrylic, and others (silicone and zinc). The acrylic coating segment is estimated to account for significant share in terms of revenue in the global corrosion protective coatings market during the forecast period. However, polyurethane segment is expected to register highest CAGR over the forecast period in terms of revenue, owing to its characteristics such as enhanced metal adhesion, transparency, and long-term thermal stability.

On the basis of application, the global corrosion protective coatings market has been segmented into marine, oil & gas, automotive, industrial, building & construction, and others (aerospace and defense). The building & construction segment is estimated to account for major share in the global corrosion protective coatings market in terms of revenue, owing to its low HAP emissions, low VOC emissions, and low toxicity.

On the basis of region, the global corrosion protective coatings market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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Market in Asia Pacific is estimated to account for significant revenue share in the global corrosion protective coatings market, and is anticipated to register highest growth in terms of revenue in the next seven years, owing to increasing demand for automotive, oil & gas, and construction industries in various developing economics such as India and China in this region.

Key players operating in the global market include PPG Industries Inc., The Sherwin-Williams Company, Ashland Inc., Hempel A/S, International Paint Limited, Jotun A/S, Steuler-KCH GmbH, Axalta Coating System, BASF Coatings, and Koch Knight LLC.