ANTI CORROSION COATINGS MARKET ANALYSIS
A major challenge to anti-corrosion coatings market is using of alternatives materials, which are Fiberglass Reinforced Plastic (FRP), polymers and thermoplastics. Usage of these metals eliminates the need for anti-corrosion coatings. Also, the key raw materials for coatings manufacture is from the oil industry. The unstable oil industry will affect availability of raw materials and manufacture of coatings. Environmental regulations on VOCs are also projected to hinder growth. The market also includes coating of new infrastructure projects and also the repair, maintenance and recoating of existing infrastructure.
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