Optimum Care of Industrial Machines Crucial amidst COVID-19 Situation

High build rust stabilizers with reinforced glass flake coating have been in high demand during the coronavirus (COVID-19) pandemic, since people have been looking for ways to protect their vehicles from rusting. Several factory shutdowns have led to the demand for rust stabilizers as industrial machines and equipment need proper care. Hence, manufacturers in the high build rust stabilizer with reinforced glass flake coating market are capitalizing on these opportunities in order to create revenue streams during the COVID-19 situation.

It has been challenging for companies in the high build rust stabilizer with reinforced glass flake coating market to keep up with supply expectations due to travel and international trade restrictions. However, manufacturers are focused on fulfilling the demands of end users in mission-critical projects.

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Patented Production Techniques Help Manufacturers Gain Market Recognition

The protection of steel substrates has become important, especially in demanding conditions of continuous moisture or immersion. Manufacturers high build rust stabilizer with reinforced glass flake coating market are using their patented techniques to develop products that deploy continuous barrier against moisture or immersion. For instance, Protega Sdn Bhd— a manufacturer of specialized engineered anti-corrosive products, is increasing its marketing capabilities to publicize its products that deploy four-stage protection against harsh environments and moisture.

The high build rust stabilizer with reinforced glass flake coating market is projected to be cross value of US$ 20.1 Bn by the end of 2030. Rust stabilizers are being used in routine practices by engineers to extend and maintain the operating life of structures and equipment installed in refineries, power plants, and sewage treatment plants, among others. They are innovating in epoxy primers to broaden their revenue streams.

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High-performance Rust Stabilizer Pigments Protect Steel Substrates in Hostile Environments

The high build rust stabilizer with reinforced glass flake coating market is expected to advance at a healthy CAGR of ~6% during the forecast period. However, many products fail to provide tough and durable finish to external surfaces of steel substrates that are subject to harsh environmental conditions. In order to resolve this, manufacturers are increasing their R&D capabilities to develop high-performance rust stabilizer pigments and self-leaf glass flake coatings. They are increasing the availability of products that deliver stabilization against existing corrosion and provide protection to steel substrates in the most hostile environments such as in seawater.

Companies in the high build rust stabilizer with reinforced glass flake coating market are increasing their production capabilities to manufacture products that provide protection to buried & encased steelwork mines, ballast tanks, crude oil tanks, etc.

Use in Waterproofing and Liquid Roofing in Construction Sector to Create Growth Opportunities

Manufacturers in the high build rust stabilizer with reinforced glass flake coating market are exploring new formulations in epoxy primers. For instance, Corroless Eastern— a specialist in industrial linings & coatings, is increasing its product portfolio in rust stabilizers and innovating in high build, two-component epoxy rust stabilizing primers. Apart from industrial machines and the automotive sector, companies in the high build rust stabilizer with reinforced glass flake coating market are exploring value-grab opportunities in building and construction for waterproofing and liquid roofing.

High build rust stabilizers with reinforced glass flake coating are replacing conventional paints, since these paints are highly permeable. Rust stabilizers are eliminating the issues of blistering, cracking, chalking, and flaking, among various substrates.

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Analysts’ Viewpoint

In order to maintain optimum operating life of industrial machines and equipment, end users are creating a demand for rust stabilizers during the COVID-19 outbreak. Manufacturers are integrating high-performance anti-corrosion pigments in rust stabilizers to protect steel from moisture and oxygen. However, several products fail to provide protection against rust in complex electronic equipment. Hence, companies in the high build rust stabilizer with reinforced glass flake coating market should increase their research in a range of corrosion inhibitors using latest technologies to gain market visibility via new product offerings. Products in storage or transportation of small components are also fueling the demand for rust stabilizers.

High Build Rust Stabilizer with Reinforced Glass Flake Coating Market: Overview

  • According to Transparency Market Research’s latest research report on the global high build rust stabilizer with reinforced glass flake coating market for the base year 2019 and the forecast period 2020–2030, rise in usage of high build rust stabilizer with reinforced glass flake coating in the marine sector and increase in application of high build rust stabilizer with reinforced glass flake coating in the oil & gas industry are factors expected to boost the global high build rust stabilizer with reinforced glass flake coating market during the forecast period
  • In terms of revenue, the global high build rust stabilizer with reinforced glass flake coating market is estimated to cross US$ 20.1 Bn by 2030. The global high build rust stabilizer with reinforced glass flake coating market is projected to expand at a CAGR of ~6% during the forecast period.
  • High build rust stabilizer with reinforced glass flake coating is one of the specialized versions of anti-corrosion coatings. Multiple layers of glass flakes in the film give enhanced performance to the strong epoxy resin.
  • High build rust stabilizer with reinforced glass flake coating is formulated to provide protection for exterior and interior substrates against corrosion, abrasion, and thermal, chemical, and UV degradation. These corrosion control coating systems are generally used in areas with extreme environments.
  • Asia Pacific is one of the major producers and consumers of high build rust stabilizer with reinforced glass flake coating, which is used in marine and oil & gas sectors in the region
  • Demand for high build rust stabilizer with reinforced glass flake coating is anticipated to increase in Europe in the near future, due to wide use of these coatings in the automotive assembling industry. Extensive usage of coatings in the building & construction segment is also anticipated to drive the high build rust stabilizer with reinforced glass flake coating market in Europe.
  • The high build rust stabilizer with reinforced glass flake coating market in Europe is primarily dominated by three key players: Akzo Nobel N.V., Jotun A/S, and Hempel A/S. These companies have strong distribution presence in the high build rust stabilizer with reinforced glass flake coating market in the region.

Increase in Oil & Gas Exploration and Drilling Activities: Key Driver

  • The number of oil & gas drilling and exploration activities has increased in the past few years. Regions that are currently rich in oil & gas sources and have a large number of oil rigs include the Gulf of Mexico, Southeast Asia, and the North Sea. These activities are expected to boost the expenditure on maintenance and repair in the industry. Thus, currently, there is a requirement for high build rust stabilizers with reinforced glass flake coatings that are capable of increasing the shelf life and durability of equipment under varying temperatures and climatic conditions.
  • High build rust stabilizer with reinforced glass flake coating is one of the key solutions that protects metal surfaces of various components in the oil & gas industry. High build rust stabilizer with reinforced glass flake coating provides an influential barrier against corrosion, especially when components or parts such as storage vessels, offshore drilling equipment, and other machinery come in contact with chemicals and moisture.
  • Manufacturing, extraction, storage, and distribution stages in the global oil & gas industry are major sources of corrosion. Storage tanks, transmission pipelines, oilrigs, steel structures, and other oil vessels are subjected to moisture, salt, fog, and corrosive environmental conditions.
  • Repair and maintenance costs in the oil & gas sector have reached an all-time high over the last few years due to high amount of corrosion. Additionally, natural gas production has increased. Growth in the oil & gas industry is anticipated to drive the demand for high build rust stabilizers with reinforced glass flake coatings in the next few years. Rapid growth in the oil & gas industry in key regions such as Asia Pacific, Middle East & Africa, Latin America, and eastern parts of Europe is projected to boost the usage of drilling equipment in the near future. This trend is likely to boost the global oil & gas drilling equipment market during the forecast period. Oil & gas drilling equipment requires protective coating systems and technologies that help maintain the longevity and reliability of drilling equipment. This, in turn, is expected to boost the consumption of high build rust stabilizer with reinforced glass flake coating during the forecast period.

Major Challenges for High Build Rust Stabilizer with Reinforced Glass Flake Coating Market

  • Coating resins, fillers, pigments, glass flakes, and other functional additives are key raw materials used in the manufacture of high build rust stabilizer with reinforced glass flake coatings
  • Most of these raw materials such as coating resins and pigments are petrochemical derivatives. Primary petrochemicals such as ethylene and propylene are major raw materials used in the manufacture of epoxy coating resins.
  • Aromatic compounds such as benzene and toluene are key industrial solvents employed in a wide range of industries
  • Thus, dependence on the availability of petrochemicals and fluctuation in their prices are likely to hamper the high build rust stabilizer with reinforced glass flake coating market during the forecast period

Expansion of Indi Railway Sector to Offer Lucrative Opportunities for High Build Rust Stabilizer with Reinforced Glass Flake Coating Market

  • Growth in infrastructure of rail network, locomotives, freight, and passenger carriage is driving the coatings market. Rail transport is considered safer and more economical than other means of transportation.
  • Rail locomotives and passenger wagons are more vulnerable to rust or corrosion due to the moisture present in the air. Increase in demand for rail transport and rise in production of rail locomotives across the world are estimated to boost the demand for high build rust stabilizer with reinforced glass flake coating in the rail industry.
  • In July 2020, the Railway Ministry of India announced that 151 trains in 109 pairs of routes would be operated by private sectors. Private companies are free to procure trains, locomotives, and other maintenance products. Government interference in procurement of maintenance products such as anti-corrosion solutions for rail locomotive was hampering the coating market. Indian Railways plans to run on 100% electricity by 2024. This is expected to create new demand for electric locomotives and provide lucrative opportunities for coating manufacturers to supply coating solutions.

High Build Rust Stabilizer with Reinforced Glass Flake Coating Market: Competition Landscape

  • Detailed profiles of providers of high build rust stabilizer with reinforced glass flake coating have been provided in the report to evaluate their financials, key product offerings, recent developments, and strategies
  • Key players operating in the global high build rust stabilizer with reinforced glass flake coating market include
    • Akzo Nobel N.V.,
    • Jotun A/S,
    • Hempel A/S,
    • Nippon Paint Holdings Co., Ltd.,
    • The Sherwin-Williams Company

High Build Rust Stabilizer with Reinforced Glass Flake Coating Market – Scope of the Report

The latest study collated and published by Transparency Market Research (TMR) analyzes the historical and present-day scenario of the global high build rust stabilizer with reinforced glass flake coating market to gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating a landscape for the growth of the global high build rust stabilizer with reinforced glass flake coating market. The study also identifies growth avenues for market stakeholders. The report provides insightful information about how the global high build rust stabilizer with reinforced glass flake coating market is likely to expand during the forecast period of 2020 to 2030.

The report offers intricate dynamics about different aspects of the global high build rust stabilizer with reinforced glass flake coating market that can aid companies operating in the market in making strategic business decisions. TMR’s study also elaborates on significant changes that are anticipated to configure growth of the marine industry with respect to the global high build rust stabilizer with reinforced glass flake coating market during the forecast period. It also includes a key indicator assessment that highlights growth prospects for the global high build rust stabilizer with reinforced glass flake coating market and estimates statistics related to growth of the market in terms of volume (kilo tons) and value (US$ Mn).

This study covers a detailed segmentation of the global high build rust stabilizer with reinforced glass flake coating market, along with key information and a competition landscape. The report mentions company profiles of key players operating in the global high build rust stabilizer with reinforced glass flake coating market, wherein various market developments and growth strategies practiced and implemented by leading players have been presented in detail.

Key Questions Answered in TMR’s Report on High Build Rust Stabilizer with Reinforced Glass Flake Coating Market

The report provides detailed information about the global high build rust stabilizer with reinforced glass flake coating market on the basis of a comprehensive research on various factors that are playing a key role in accelerating the growth of the market. Information mentioned in the report answers path-breaking questions for companies that are currently operating in the market and are looking for innovative methods to create a unique benchmark in the global high build rust stabilizer with reinforced glass flake coating market, which would help them design successful strategies and make target-driven decisions.

  • Which product segment of the global high build rust stabilizer with reinforced glass flake coating market would emerge as a leading revenue generator during the forecast period?
  • What would be the Y-o-Y growth rate of the global high build rust stabilizer with reinforced glass flake coating market between 2020 and 2030?
  • What are winning imperatives of leading players operating in the global high build rust stabilizer with reinforced glass flake coating market?
  • Which application segment is expected to generate maximum revenue in the global high build rust stabilizer with reinforced glass flake coating market during the forecast period?

Research Methodology – High Build Rust Stabilizer with Reinforced Glass Flake Coating Market

The research methodology adopted by analysts for compiling the report on the global high build rust stabilizer with reinforced glass flake coating market is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts of the global high build rust stabilizer with reinforced glass flake coating market.

For primary research, analysts have interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global high build rust stabilizer with reinforced glass flake coating market.

For secondary research, analysts have scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global high build rust stabilizer with reinforced glass flake coating market.

High Build Rust Stabilizer with Reinforced Glass Flake Coating Market – Segmentation

TMR’s research study segments the global high build rust stabilizer with reinforced glass flake coating market in terms of product, application, end-use industry, and region. This report presents extensive market dynamics and growth trends associated with different market segments and explains how they are influencing the global high build rust stabilizer with reinforced glass flake coating market.

Product

  • Epoxy Primer
  • Intermediate/Top Coat
  • Others (including Specialty Products)

Application

  • 2 Coat
  • 3 or 4 Coat

End-use Industry

  • Refineries
  • Power Plants
  • Industrial Machines
  • Automotive & Transportation
  • Oil & Gas
  • Water and Wastewater & Sewage Treatment Plants
  • Rail & Locomotives
  • Marine & Shipping
  • Building & Construction
  • Infrastructure
  • Fertilizer Plants
  • Chemical Plants
  • Others (including Functional Products)

Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

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