The global anti-corrosion coatings market size reached USD 37.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 53.7 Billion by 2033, exhibiting a growth rate (CAGR) of 3.8% during 2025-2033. The market is experiencing robust growth, driven by the increasing infrastructure development, expanding product demand in the marine, automotive, and aerospace industries, rapid advancements in coating technologies, and the rising product utilization in the oil and gas sector.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024
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USD 37.1 Billion |
Market Forecast in 2033
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USD 53.7 Billion |
Market Growth Rate 2025-2033 | 3.8% |
Increasing Infrastructure Development
Infrastructure development is one of the key factors driving the anti-corrosion coatings market share. These coatings are critical for preserving steel and concrete structures from the damaging effects of corrosion, which can cause structural failures, costly repairs, and potential safety risks. Additionally, there has been a significant expansion in urban areas, a rise in the construction of bridges, highways, and tunnels, as well as the development of energy projects such as oil and gas pipelines and power plants, all of which necessitate strong anti-corrosion solutions to assure longevity and structural integrity. For example, in the United States, more than $350 billion in Bipartisan Infrastructure Law (BIL) financing has been announced until October 2023. Among these, $174.7 billion was awarded for the construction of roads, bridges, and major projects; $34.1 billion for public transportation; and $9.8 billion for passenger and freight rail, all of which require effective anti-corrosion coatings and efficient operation.
Growth in Marine and Offshore Industries
The marine and offshore industries are important sectors that drive the demand for anti-corrosion coatings. These industries work in highly corrosive settings, where exposure to saltwater, moisture, and harsh weather can cause materials to deteriorate quickly. Anti-corrosion coatings serve an important role in extending the life of maritime vessels, offshore platforms, and other infrastructure. The global rise in marine trade, as well as the discovery and production of oil and gas offshore, has highlighted the importance of effective corrosion protection. For instance, in 2021, the US marine economy saw a 7.4 percent growth in its contribution to GDP and a 10.5 percent increase in sales. Vessels such as ships, tankers, and cargo carriers require regular maintenance and coating applications to prevent corrosion-related damages, ensuring operational efficiency and safety.
Expanding Automotive and Aerospace Industries
As per the anti-corrosion coatings market report, the automotive industry utilizes these coatings to protect metal parts against rust and corrosion, thus improving vehicle durability and performance. Additionally, the expanding manufacturing of automobiles, fueled by rising consumer demand and economic expansion, has increased the need for adequate corrosion protection. In 2022, 85.4 million motor vehicles were produced worldwide, which is a hike of 5.7% from 2021. Furthermore, in the aerospace industry, anti-corrosion coatings are critical to maintaining aircraft lifetime and safety. Aircraft components are prone to corrosion as they are exposed to various altitudes, temperatures, and atmospheric conditions. The aircraft industry's growth, fueled by rising air travel and defense spending, continues to boost the demand for sophisticated anti-corrosion coatings. According to the International Air Transport Association (IATA), total air traffic in 2023 rose 36.9% compared to 2022, which increases the demand for anti-corrosion coatings for managing aircraft effectively.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on technology, material, and application.
Breakup by Technology:
Solvent-based accounts for the majority of the market share
The report has provided a detailed breakup and analysis of the market based on the technology. This includes solvent-based, water-based, powder, and others. According to the report, solvent-based represented the largest segment.
As per the anti-corrosion coatings market trends, solvent-based coatings represented the largest segment due to their superior performance characteristics and versatility. These coatings are favored for their excellent adhesion, durability, and resistance to harsh environmental conditions, making them ideal for protecting infrastructure, marine vessels, automotive parts, and industrial equipment. Moreover, their ability to form robust and protective barriers against moisture, chemicals, and abrasion to ensure prolonged structural integrity and reduce maintenance costs is fostering the market growth. In addition to this, the ongoing innovations that enhance their eco-friendliness without compromising effectiveness are positively impacting the anti-corrosion coatings market size.
Breakup by Material:
Epoxy holds the largest share of the industry
A detailed breakup and analysis of the market based on the material have also been provided in the report. This includes acrylic, alkyd, polyurethane, epoxy, zinc, others. According to the report, epoxy accounted for the largest market share.
Based on the anti-corrosion coatings market outlook, epoxy coatings dominated the market due to their exceptional protective qualities, including high durability, strong adhesion, and superior resistance to chemicals and moisture. They are utilized for a wide range of applications, such as industrial, marine, automotive, and infrastructure projects. Epoxy coatings are effective in harsh environments, as they provide a robust barrier against corrosion to extend the lifespan of metal and concrete structures. Moreover, the versatility of epoxy formulations that allow for customization to meet specific performance requirements, is enhancing the anti-corrosion coatings market growth.
Breakup by Application:
Oil and gas represent the leading market segment
The report has provided a detailed breakup and analysis of the market based on the application. This includes oil and gas, marine, building and construction, automotive and rail, aerospace and defense, and others. According to the report, oil and gas represented the largest segment.
According to the anti-corrosion coatings market insights, the oil and gas sector accounted for the largest market share, driven by the industry's critical need for robust corrosion protection in harsh environments. Along with this, the reliance of this sector on extensive infrastructure, including pipelines, storage tanks, refineries, and offshore platforms, that are highly susceptible to corrosion due to constant exposure to seawater, chemicals, and extreme temperatures is fueling the market growth. Anti-corrosion coatings are essential for preventing leaks, spills, and structural failures, thereby ensuring operational efficiency, safety, and regulatory compliance.
Breakup by Region:
Asia Pacific leads the market, accounting for the largest anti-corrosion coatings market share
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific represents the largest regional market for anti-corrosion coatings.
Based on the anti-corrosion coatings market overview, the Asia Pacific region is dominating the market, driven by its rapid industrialization, urbanization, and infrastructure development. Moreover, the burgeoning construction sector, expanding marine and automotive industries, and significant investments in oil and gas exploration and production, necessitating the widespread use of anti-corrosion coatings to protect assets from harsh environmental conditions, are boosting the market growth. Additionally, the imposition of government initiatives and increased spending on public infrastructure projects, coupled with a growing manufacturing base, are fueling the anti-corrosion coatings market demand.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Technologies Covered | Solvent-based, Water-based, Powder, Others |
Materials Covered | Acrylic, Alkyd, Polyurethane, Epoxy, Zinc, Others |
Applications Covered | Oil and Gas, Marine, Building and Construction, Automotive and Rail, Aerospace and Defense, Others |
Regions Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered | Akzo Nobel N.V., Ashland, Axalta Coating Systems LLC, BASF SE, Hempel A/S, Jotun, Kansai Paint Co. Ltd., PPG Industries Inc., RPM International Inc., Sika AG, The Sherwin-Williams Company, etc. |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: