MENA CORROSION PROTECTIVE COATINGS AND ACID PROOF LINING MARKET ANALYSIS

Mena Corrosion Protective Coatings And Acid Proof Lining MarketSize and Trends

MENA corrosion protective coatings & acid proof lining market was valued at US$ 2,583.7 million in 2022, and is expected to exhibit a CAGR of 7.2% over the forecast period (2023-2030).

Figure 1. MENA Corrosion Protective Coatings & Acid Proof Lining Market Value (US$ Mn), By Country, 2022

MENA Corrosion Protective Coatings & Acid Proof Lining Market: Trends

Specialty coatings are gaining popularity for pipeline corrosion applications across various industries, and this is expected to be a major trend in the market. Specialty coatings ensures the smooth and proper functioning of the operations across various industries. In MENA region where pipelines are highly exposed to harsh environments and adverse operating conditions, and thus maintenance of the pipeline is utmost importance in the region.

The market is experiencing a swift shift from industry-defined products and pre-formulated to customized and industry-specific product launches. This trend is highly prevalent in the oil & gas and petrochemicals industry. This ongoing trend is expected to drive the market growth over the forecast period.

Figure 2. MENA Corrosion Protective Coatings & Acid Proof Lining Market Share, By Product Type, 2020