Corrosion protection coatings are used to protect metal surfaces against corrosion. The formulation of protective coatings depends on several factors.
SEATTLE, WA, USA, February 8, 2022 /EINPresswire.com/ — Overview
Corrosion protection coatings are used to protect metal surfaces against corrosion. The formulation of protective coatings depends on several factors, including the size and surface area of the surfaces, the purpose of the application and the cost. The main concern is the reaction of the anti-corrosion coating with water and air. Some coatings are oily, while others are rigid and soluble. These factors all impact the overall performance of protective layers. As a result, more equipment is deployed, leading to higher prices. Coatings are used in chemical plants around the world, where the use of large amounts of acid is common.
The large companies that contribute to the MENA Corrosion Protective Coatings and Acid Resistant Coatings Market include Bahrain Rubber Company WLL, Rezayat Protective Coating Company Ltd., DicoTech Limited, KCC Corrosion Control Co. Ltd., Hajjan Trading & Industrial Services Company Ltd. (HATCON), FABA Commercial Services WLL, General Industries Co. Ltd, REMA TIP TOP AG, Al Gurg Paints LLC. and Anticorrosion Protective Systems LLC
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High demand for anti-corrosion coatings from the oil and natural gas industry amid growing investments in power generation projects is expected to propel the growth of the anti-corrosion coatings and coatings market resistors from the MENA region throughout the forecast period.
In addition to this, increasing spending on marine infrastructure and projects is expected to complement the growth of the corrosion protective coatings and acid resistant coatings market in the MENA region over the forecast period.
Summary of the COVID-19 debacle
The COVID-19 virus outbreak has been a threat multiplier for the global MENA region corrosion protective coatings and acid resistant coatings market. Energy-intensive industries have struggled to cope with crisis-fueled restrictions amid shipping shutdowns. On the positive side, with the ease of restrictions, the market has no major hurdles to break even.
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Key points to remember
The MENA Corrosion Protective Coatings and Acid Resistant Coatings Market is expected to grow at a CAGR of XX% during the forecast period owing to wider acceptance in the electronics and electronics industries. automobile and the expansion of the capacities of large companies. For example, in May 2021, SteelCorr, a Dubai-based start-up, launched the DPR (Digital Paint Report) app to enable investors to efficiently manage their major assets.
In geographic news, Saudi Arabia is expected to participate heavily in the MENA region corrosion protective coatings and acid resistant coatings market owing to an increasing number of OEMs (original equipment manufacturers) and high adoption in the automotive sector.
The United Arab Emirates (UAE) also stands out in the MENA region’s corrosion protection coatings and acid-resistant coatings market, driven by strong demand from the paint and coatings industry and the increase aircraft applications.