The global anti-corrosion coatings market is all set to embark on a developmental journey through 2027 with dynamic oil and gas, shipbuilding, and industrial activities along with product advancements being the key drivers. The growth in anti-corrosion coatings market is rather evident from a recent product launch by Greenkote.
One of the leading advanced anti-corrosion metal coatings providers, Greenkote, has recently introduced a significant addition to its line of corrosion protection - G5K. The new coating, according to company officials, is claimed to deliver a minimum of 5000 hours of corrosion protection in salt spray testing for metals, allowing it to meet ASTM Specification B117.
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In another instance, PPG reportedly put forth its novel PPG HI-TEMP 1027 HD coating, a next-gen ambient cure coating engineering for challenge corrosion-under-insulation conditions, for use across the North American economies. As per credible sources, the product is known to offer exceptional protection against corrosion on vessels, construction parts, and pipes, when plants are under operation.
In lieu of such advancements, the global anti-corrosion coatings market could account for remunerative growth over the span of 2021-2027.
Imperative to note that the global cost of corrosion in the world is estimated to be around $2.5 trillion, which is equivalent to nearly 3.4% of the global GDP (as of 2013). Industry experts suggest that by the use of effective corrosion control practices and anti-corrosion coating materials, the globe is likely to save about 15% to 35% of the cost of corrosion annually. With such positive prospects, the demand for anti-corrosion coatings is anticipated to soar to new heights in the coming years.
Given below is a gist of the anti-coating materials that are likely to be considered prior to using them for diverse applications:
- Epoxy coating
Epoxy resins or epoxy is considered to be one of the prominent and commonly used anti-corrosion coatings worldwide. These boast utility in both underwater and over the water situations while demonstrating brilliant resistance to many marine environments.
There are generally two types of epoxy anti-corrosion coatings: Air dry epoxy coating and Thermal cure epoxy coating. The former is exclusively being used for metal surfaces. The product imparts a high level of anti-rust and anti-chemical resistance, with a single coat delivering corrosion protection at 4-6 mm thickness. Meanwhile, thermal cure epoxy coatings are known to offer the best anti-corrosion protection in industrial settings owing to their superior abrasion and impact resistance.
Elaborating on the recent development in the epoxy coatings business space, Sicomin, in 2020, announced partnering with Sonntag Fins to deploy its GreenPoxy 33 bio-based epoxy resin into the development of the latter’s custom carbon fiber windsurf fins. The product is set to ensure proper speed, sustainability, and fatigue performance.
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- Polyurethane coating
Another essential anti-corrosion coating is the polyurethane coating. The coating is applied to the surface of a substrate for the purpose of protecting it. PU coatings also help in protecting substrates from various types of defects like weathering, corrosion, abrasion, and other processes. Various companies are now introducing polyurethane coatings to alleviate the risks of corrosion across various industrial units and shipbuilding and O&G industries.
In 2019, the ROSEN Group announced exporting PU Lined Pipe to Fort McMurray’ Oil Sands Mine. According to official reports, the pipe is internally glazed with a wear resistant RoCoat liner. This apart, the company also embedded the new pipe with a wear monitoring system enabling the acquisition of coating condition online.
Zinc enjoys the popularity of being a superior anti-corrosion coating as it significantly slows down the corrosion process by keeping the moisture from penetrating the base metal. As per estimates, zinc corrodes about 100x slower than other metals owing to which the material is highly preferred as a coating material.
In 2020, Tata Steel, India’s oldest and leading steel producer, unveiled a new coated product under the brand name- Galvanova. The product, made of 55% aluminum and zinc alloy coating, offers brilliant corrosion resistance to address the evolving and unmet requirements of MSMEs.
- Chlorinated rubber
Chlorinated rubber resins pose good acid and water resistance on well-prepared surfaces. These coatings are known to dry at low temperatures and offer good inter-coat adhesion in both freshly applied and aged systems, making them appropriate for maintenance purposes.
Briefly, the ongoing incidences of corrosion and economic losses faced through rupturing structures owing to the rust are anticipated to have a significant impact on the demand for various anti-corrosion coatings materials worldwide. This would potentially augment the growth curve of anti-corrosion coatings industry over the foreseeable time frame.
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