Metals and concrete are employed in various applications, where they are exposed to different climatic conditions, temperatures, and surroundings. This increases chances of corrosion. Corrosion protection rubber coatings are applied using rubber foils to protect metal or concrete against corrosion, abrasion, and chemicals. The corrosion protection rubber coatings can be categorized into two: soft rubber lining system and hard rubber lining system, which are primarily used in applications having exposure to extreme environments. Applications include waste incineration plants, drinking water treatment plants, storage tanks, condenser, reaction vessel, rail car tanks, scrubbers, piping, valves, fittings, and gas desulfurization plants, among others. Durability of coatings depends on the ratio of the quality of the rubber foils and the quality of process employed. These coatings are applied to prevent corrosion of components and equipment made out of metals and concrete. Therefore, they are of utmost importance for the smooth function of these equipment. The growth of the end-user industries such as automotive and transportation, construction, energy & power in various regions of the world is likely to drive the growth of corrosion protection rubber coating market in the near future.
In terms of product, the corrosion protection rubber coating market can be bifurcated into soft rubber lining system and hard rubber lining system. Soft rubber lining system can be used for a wide range of applications such as protection against chemicals and extreme climate and temperature in the process industries. Soft rubber lining system can be used on sites requiring chemical, thermal, and mechanical resistance. Hard rubber lining system employ high-quality natural as well as synthetic rubbers and are very effective in preventing corrosion in the process industry with temperatures ranging up to 125°C. Hard rubber lining systems prove to be effective and can protect against chemicals such as mineral acids, aqueous solutions, organic solvents, and bases. Currently, hard rubber lining systems account for a major share of the corrosion protection rubber coatings market, and is anticipated to continue its dominance during the forecast period. The major reason for high usage of hard rubber lining system is that, the vulcanized hard rubber linings employed in these systems, are chemically inert, due to which they are resistant to many oxidative chemical systems.
In terms of end-user industry, the corrosion protection rubber coating market can be segmented into oil & gas, automotive & transportation, energy & power, construction, marine, and mining & metallurgy. Currently, the market is dominated by the oil & gas segment, and is anticipated to continue its dominance during the forecast period. Metal and concrete parts used in the oil & gas fields are subjected to highly reactive chemicals as well as extreme environment and temperature, which increase the chances of corrosion of equipment utilized in the oil & gas industry.
In terms of geography, the corrosion protection rubber coating market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Currently, the market is dominated by Asia Pacific owing to the expansion of power generation, construction, automotive & transportation, and mining & metallurgy industries. The region is experiencing rapid economic, industrial, and infrastructural development, especially in countries such as China and India, which is anticipated to fuel the expansion of these end-user industries. This in turn is expected to propel the market in the region.
Key players operating in the global corrosion protection rubber coating market include Ashland Global, BASF SE, Holdings, Inc., Koch Knight LLC, Axalta Coating Systems, PPG Industries, Inc., Akzo Nobel NV, Polycorp Limited, STEULER KCH GmbH, Sherwin Williams Company, and Jotun A/S.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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