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Market Research Report

Global Acid Proof Lining Market Outlook 2024, Global Opportunity and Demand Analysis, Market Forecast, 2016-2024

Published On : 2017-08-08 Report Page : 280 Category:Chemicals Minerals & Materials

Global Acid Proof Lining Market Outlook 2024

Market Overview

Acid proof lining are restraints to action of acid which are used in chemical and manufacturing based industries to safeguard the equipment and infrastructure of the industry from the hazardous exposure of acid. They are the coatings that guards concrete, plastic piping, fiber glass and steel structures against strong acids, solvents and alkalis in industries. Acid proof lining have high acid hostility along with the property to amplify the mechanical strength of the equipment. It also enhances sanctuary against mechanical abuse and elevated temperatures.

These markets are enlisted in several end-use industries wherein the floors, walls and equipment constantly exposed to strong chemicals and acids. It also alleviates the industries by cutting down the cost and maintaining the equipments for long term use. The acid proof linings are used by industries worldwide to safeguard their products from humiliation, most commonly caused by moisture, salt spray, oxidation and a number of chemical-based occurrences that can prove detrimental to metals and alloys.

Emerging countries such as China, India, Russia and others are showcasing a tremendous growth of acid proof lining market. The rising number of manufacturing facilities in China, Japan, India and other Asian countries leads to create huge opportunities for the acid proof lining manufacturers to explore the growing markets. Moreover, huge chemical industry in China further expands the demand for acid proof lining market over the forecast period i.e. 2016-2024. Based upon these factors, Asia-Pacific region is estimated to generate a revenue share of 29.8% by the end of 2017.

These markets undisputedly have a different experience and are emerging highly in industries predominantly chemicals and manufacturing industries. Among all products in the coatings and linings industry, acid proof lining are projected to be one of the fastest growing segment over the forecast period i.e. 2016-2024.

Industrial worktop and substrates require protection against downturn due to mechanical, chemicals and thermal load. Acid proof lining market tends to serve these industries a better place to protect it from these constraints. Europe is accounted to hold the largest market share worldwide. Asia-Pacific is anticipated to be the second largest revenue contributor across the globe in the acid proof lining market.

Market segmentation

· Based on material type:-

    • Ceramic Brick Lining
    • Carbon Brick Lining
    • Tile Lining
    • Thermoplastics Lining
    • Fluoro polymer Lining
  • Based on technology:-
    • Solvent-borne technology
    • Waterborne technology
    • Powder-based technology
  • Based on end user:-
    • Energy  and power industry
    • Construction industry
    • Automotive industry
    • Chemicals industry
    • Mining & metallurgy industry

o Others

  • Based on Geography:
    • North America (US, Canada) {Market Share (%), Market Size (USD Million), Consumption (%)}
    • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Million), Consumption (%)}
    • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Million), Consumption (%)}
    • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Million), Consumption (%)}
    • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Million), Consumption (%)}

o Rest of the World {Market Share (%), Market Size (USD Million), Consumption (%)}

Market size and forecast (2016-2024)

The market furnishes a deep recognition of the key regional market status of the acid proof lining industry on a global level that primarily aims the core regions which comprises of continents like Europe, North America, and Asia-Pacific and the key countries such as United States, Germany, China and Japan. The market of acid proof lining is anticipated to register a CAGR of 2.28% over the forecasted period i.e. 2016-2024. Out of the total acid proof lining market, ceramic brick lining accounted approximately 34.8% of the volume and thermoplastics lining another 25-27% share in 2015. On the basis of end-use industry, chemicals industry segment is expected to grow at a fastest rate, followed by water treatment & processing and power generation segments. Chemicals industry segment is forecast to constitute of 32.8% value share of the market by the end of 2024.

Flouro polymer coatings segment in the corrosion protective coatings market is expected for a value share of 64.4% in 2014, which is anticipated to increase to 66.5% by 2025. The ceramic & carbon brick lining segment in the global acid proof lining market is projected to grow at a highest CAGR of 5.5% over the forecast period (2016–2024).

Key Trends and Growth Drivers

The market of acid proof lining is an emerging market as there are various key drivers that propel the growth of acid proof lining market. They are:

  • Expeditious magnification in chemical and metallurgy industry and emerging application in these industries are the outcome of availability of low cost acid proof linings such as ceramic brick lining and other assemblies. These factors are likely to stimulate the demand for acid proof linings in chemical industry.
  • Enlarging growth of mining industries is anticipated to increase the market of acid proof lining to flourish in near future

Market Restraints

Some hindrances that curtail the market growth of acid proof lining market are mentioned below:

  • High cost of covering industrial worktop owing to high cost of acid proof linings.
  • The involvement of high cost manufacturing leads to increase the cost of the final product, which makes acid proof linings much expensive.

Opportunities:-

  • Targeting mainly the chemical based industries that use high variety or large volume of acid.
  • Analyzing the competitor’s weakness and working on them proves to be a good opportunity for these industries.
  • Making the advanced technologies like corrosion proof lining help the industries in expeditious growth.

Risk factors:-

  • High cost of industrial worktop unsettling to high cost of acid proof lining curbs the growth in near future.
  • Availability of low cost alternatives such as rubber lining will shift the various end-use industries towards those low cost products.

Key Players:-

  • BASF Coating GmBH
    •   Company Overview
    •  Key Product Offerings
    • Business Strategy
    •  SWOT Analysis
    •  Financials
  • Ashland Inc
  • Polycorp Ltd.
  • PPG Industries Inc.
  • The Sherwin-Williams Company
  • Axalta Coatings Inc.
  • Hempel A/S
  • International Paint Limited
  • Jotun A/S
  • Steuler-KCH GmbH
  • TIP TOP Oberflächenschutz Elbe GmbH
  • Koch Knight LLC

Scope Background

Market Synopsis

Market Segmentation

The global acid proof lining market is segmented as follows:

  • By material type (Market Size, Demand Analysis and Growth Analysis)
  • By technology type (Market Size, Demand Analysis and Growth Analysis)
  • By End User type(Market Size, Demand Analysis and Growth Analysis)

Global acid proof lining market report covered insights of below mentioned regions:

  • North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis}
  • Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis}
  • Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis}
  • Asia-Pacific (China, India, Singapore, Japan, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and Opportunity Analysis}
  • Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis}
  • Rest of World  {Market Size, Growth Analysis and Opportunity Analysis}

Market Dynamics: Growth Drivers, Restraints and Opportunities

  • Risk Factors
  • Regional Variations
  • Recent Trends and Developments

Key Market Players

  • Synopsis
  • Business Strategy
  • Product Portfolio
  • SWOT Analysis

Porter’s Five Force Model

Market Landscape: Competition and Beyond

Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem

Expert Analysis

Concluding Remarks


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