AUSTRALIA CORROSION PROTECTIVE COATINGS AND ACID PROOF LINING MARKET ANALYSIS

Australia Corrosion Protective Coatings and Acid Proof Lining Market, By Product Type (Polymer Coatings(Epoxy, Polyurethane, Alkyd, Acrylic, Fluor polymer, Vinyl Ester & Flake Filled Vinyl Ester),Rubber Lining System(Hard Rubber Lining, Soft Rubber Lining),Acid Proof Lining (APL)(Ceramic & Carbon Brick Lining, Tile Lining, Thermoplastic Lining)), By End Use (Marine(Ballast Tanks, Sea Water intake Pipe Lines), Oil & Gas, Power Generation, Transportation(Road Tanker, Rail Tanker, ISO Tanker), Chemicals(Phosphoric Acid Processing, Sulfuric Acid Man Processing, Hydrochloric Acid Processing, Chlorine Processing, Caustic Soda Processing), Mining & Metallurgy(Phosphate Mining & Processing, Aluminum Mining & Processing, Copper Mining & Processing, Nickel Mining & Processing, Gold Mining & Processing, Steel Pickling & Processing, Lead and Zinc Mining & Processing, Coal Mining & Processing, Uranium Mining & Processing,), Water Treatment(Desalination, Sewage Treatment, Process & waste water), Others (Automotive, Construction))-

Published In : Apr 2023
Code : CMI3174
Pages :90
Formats :
Excel and PDF
Industry : Advanced Materials

Market Challenges And Opportunities

Australia Corrosion Protective Coatings and Acid Proof Lining Market: Market Restraints

Strict rules and regulations in Australia regarding the hazardous factors

Strict rules and regulations in Australia regarding the hazardous factors associated with corrosion-protective coatings and acid proof lining are expected to hamper the market growth of Australia Corrosion Protective Coatings and Acid Proof Lining Market. For instance, the Australian Paints Approval Scheme (APAS) has set stringent regulations to restrict VOC emissions from paints & coatings since 1996. Protective coatings are mainly solvent-based technology, which in turn leads to the release of toxic volatile content owing to the use of solvent. Therefore, increasing usage of solvent-based corrosion protective coatings is projected to hinder market growth.

Rising energy costs and fluctuating prices of raw materials due to volatility in oil and gas prices are projected to hamper the market growth of protective coatings. Also, the rising price of energy is further estimated to obstruct the market growth of acid proof lining market in Australia over the forecast period.