SOUTH AFRICA CORROSION PROTECTIVE COATINGS AND ACID PROOF LINING MARKET ANALYSIS

Market Challenges And Opportunities

South Africa Corrosion Protective Coatings and Acid Proof Lining Market: Growth Drivers

Growing spending on repair and maintenance

Growing infrastructure repair and maintenance spending, particularly in the public sector, is primarily driving the growth of the South African corrosion protection coatings and acid proof lining market. Other important factors likely to drive corrosion protective coatings and acid proof lining market growth are the region's developing building industry and rising population. For instance, according to the World Factbook South Africa GDP is US$790.625 billion (2021 est.) and $753.6 billion (2020 est.) this states that the purchasing power of South Africans has risen. Hence, the interpretation of this will be the spending of South Africans on repair and maintenance will rise in the future.

Manufacturers are progressively concentrating on developing new and environmentally safe coating techniques

Manufacturers' increasing emphasis on developing new and eco-friendly coating technologies is projected to fuel market expansion. Strict Volatile Organic Compound (VOC) Control regulations are driving manufacturers to create eco-friendly coatings technology, which is expected to have a favorable influence on the South Africa corrosion protection coatings and acid proof lining market during the forecast period.

South Africa Corrosion Protective Coatings and Acid Proof Lining Market: Market Restraints

High pricing of raw materials that are used in the production of coatings products

Pigments, solvents, binders, additives, and white urea are some of the major raw materials used in the production of coatings. The steadily rising cost of raw materials used in the manufacture of coatings goods is likely to hamper South Africa's corrosion protective coatings and acid proof lining market expansion. Some of the key raw ingredients utilized in the creation of coatings include pigments, solvents, binders, additives, and white urea.