Stringent safety regulations trigger the growth of acid proof lining industry: - The need for safeguarding of industrial surfaces exposed to corrosive chemicals will continue to influence the demand for acid proof lining globally. Rising chemical and manufacturing industries in developing countries is anticipated to sprout the demand for acid proof lining over the next five to six years.
The present market condition and future prospects of the segment has been examined. The global acid proof lining market according to end user has been segmented into marine, oil & gas, power generation, construction, automotive, transportation, chemicals, mining & metallurgy and others in which market in chemical industry is forecasted to grow at fastest rate over the forecast period. Expansion of chemical industry on the back of rising demand for chemicals and bio-fertilizers further propels the need of acid proof lining in various chemical and manufacturing industries.
The market of waterborne technology segment is expected to exhibit the highest CAGR of 5.7% over the forecast period. The advantage of water-borne acid proof lining is one of the major factors which are fuelling the growth of this segment across the globe. Asia-Pacific market of acid proof linings is said to dominate the global acid proof lining market with over 38% market share in 2016 and is anticipated to retain its dominance through 2024, followed by North America and Europe region.
Persistent elucidation to industrial infrastructure: Major boost
The augmenting urge of providing durable solution to industrial infrastructure such as floors, tiles, walls etc are observed as key boosters for acid proof lining markets and prove to be a major boost to acid proof lining market. The manufacturers are focusing towards the advancement of acid proof linings due to rising demand for advanced industrial linings.
Advancement in acid proof lining: Turnkey
Factors such as innovation in coating technology will continue to open up new avenues of growth in 2017. Increasing investment by key players in innovative technology will also boost up acid proof lining market globally. Rising concerns towards environmental pollution is pushing the government authorities to introduce stringent regulations to control the industrial waste from chemical and manufacturing industries.
“Acid proof lining Market Outlook 2024” contains detailed overview of the global acid proof lining market in terms of market segmentation by product Type, by material type, by technology type, by End-user.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
This market report also includes provides competitive outlook of some of the major players of the global acid proof lining market which includes profiling of companies such as BASF Coating GmBH, Ashland Inc., PPG Industries Inc., The Sherwin-Williams Company, Axalta Coatings Inc., Hempel A/S, International Paint Limited, Steuler-KCH GmbH, STEBBINS Engineering and Manufacturing Company, AGRU Kunststofftechnik, Simona AG, Säureschutz und Kunststoffbau Gmbh, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents comprehensive synopsis on the global acid proof lining market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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