Albany, NY -- (SBWIRE) -- 04/08/2015 -- The global high-performance anticorrosion coatings market for produces materials that are indispensible to protect the effect rust on numerous things. High-performance anticorrosion coatings are used on almost everything made from a material liable to the effects of rust and corrosion and prone to deterioration due to corrosive and harsh environments. High-performance anticorrosion coatings also protect structures and increase their work lifespan.

High-performance anticorrosion coatings are commonly applied on structures such as pipes, processing equipment, and tanks that are chiefly needed in paper and pulp mills, chemical plants, oil refineries, marine industry, and a variety of other industries for protective or industrial maintenance purposes.

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Alternate Power Industry to Act as Key Driving Force

High-performance anticorrosion coatings find applications in a number of industrial areas. While oil and gas, automotives, petrochemical, paper mill industries, marine, and power generation are the key industries, the industry of alternate power is also an interesting segment for the global high-performance anticorrosion coatings market. There are many potential areas of growth such as windmill production and commercial and domestic solar panels, which may lead to significant demand for high-performance anticorrosion coatings in the future.

As the industry of alternate power tends to adopt products that are environmentally friendly, high-performance anticorrosion coatings developed from waterborne technologies will be most preferred in this application segment. The segment of windmill production will prove to be particularly lucrative for the high-performance anticorrosion coatings market since maintenance of windmills, especially ones located at sea, can be a daunting task.

Another important application segment driving the global demand for high-performance anticorrosion coatings is that of transportation infrastructure. Repairing, maintaining, or rebuilding transportation infrastructure such as bridges or highways is a huge burden on national finances. Building such structures with high-performance anticorrosion coatings always pays off well and this in turn leads to huge demand for the market.

Growth Restraints and Important Development Trends

The development of high-performance anti corrosion coatings for a wide variety of applications is not easy. Anticorrosion coatings must meet specific performance requirements to be suitably effective for specific applications and must also meet ever-tightening environmental regulations.

The need to pass environmental regulations in order to reach probable clients has led the global market for high-performance anticorrosion coatings in focusing on developing of water-borne anti-corrosion coatings and decreasing the use of solvent-based coatings. This important trend is expected to transform the overall dynamics of the future state of this market. Industries will increasingly vouch for water-borne coatings not only due to environmental regulations but also because of added convenience due to low odor and increased safety levels.

Of the various low VOC content coatings available in the market, only the waterborne formulations or high solids are the practical propositions for anti-corrosion coatings. Alternatives to these products include powder coatings and radiation curing coatings. The market for sol-free or thin coatings has also observed decent growth in the past few years.

Other popular trends in the global high-performance anticorrosion coatings market include rising demand for coatings that are capable of providing universal adhesion or protective coatings systems that are surface tolerant.

The key product types offered by the global high-performance anticorrosion coatings market include acrylic coatings, epoxy coatings, alkyd coatings, vinyl and chlorinated rubber coatings, silicone coatings, zinc-rich primers, and urethane coatings. The market also offers a variety of new products using the latest technology in the field of anticorrosion coatings, such as anticorrosion pigments and chemical-graft coatings.

Some of the key businesses in the global high performance anticorrosion coatings market are RPM International Inc., Sherlin Williams, Nippon Paint, Tnemec Industrial Coatings and Architectural Coatings, PPG Industries, Kansai Paint, and Jotun Protective Coatings.

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