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Coatings, High-Performance Anticorrosion

Specialty Chemicals Update Program

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Published May 2022

High-performance anticorrosion coatings are used to protect metal and concrete structures, tanks, pipes, and processing equipment from deterioration caused by exposure to corrosive environments, including acid rain. These coatings are used chiefly in chemical plants, oil refineries, public utility works, pulp and paper mills, and other facilities; in addition, anticorrosion coatings are used to protect ships, offshore oil drilling rigs and production platforms, and other structures used in marine environments.

The same types of coatings tend to be used in each market, and tend to be based mainly on epoxy, urethane,ethyl silicate, and to a lesser extent, acrylic, vinyl, and chlorinated rubber binders. Epoxies account for around 40‒60% of the global market; these coatings are noted for very good chemical and abrasion resistance and for excellent adhesion. The percentage is higher for marine coatings than for protective coatings. Urethanes, accounting for 10‒15% of consumption, display excellent color and gloss retention, good abrasion resistance, and flexibility.

Alkyds are still favored by many contractors because of their easy applicability, and are sometimes used on structures that have limited remaining service lives. Good growth is expected for coatings that are based on waterborne acrylics, especially in the industrialized regions, as environmental regulations become more stringent.

The following pie chart shows world consumption of high-performance anticorrosion coatings:

Generally, these coatings are separated into two major markets:
  • Industrial maintenance or protective coatings applied to structures in the oil and gas, petrochemical, paper mill, and power generation industries, as well as to bridges and water and waste treatment plants.
  • Marine coatings applied to commercial ships, including freight carriers, tows, cruise ships, yachts, and others.

Most of the current research effort in anticorrosion coatings is focused on the development of coatings that meet more stringent environmental standards dealing with emissions of volatile organic compounds (VOCs), especially in North America and Europe. Complying high-solids coatings, having at least 60% solids content, are already being used, primarily in the form of two-package epoxies and urethanes. The industry has been using additional quantities of solventless epoxies and urethanes. Complying waterbornes are also being developed, and interest in acrylic-based waterbornes has been growing rapidly. Both types of compliance coatings are more difficult to formulate and apply than conventional low-solids coatings. Other R&D projects are directed toward the following:

  • Coatings for potable water supplies that must contain low levels of leachable toxic compounds.
  • Ship bottom coatings for oceangoing vessels that limit the buildup of organisms on the hull but do not contain any biocide that presents potential hazards to the environment, and also decrease friction to improve fuel efficiency.
  • Coatings that contain little or no toxic heavy metal pigment (lead- or chromate-based) or potentially hazardous organic solvent such as ethylene glycol–based ethers and esters, methyl ethyl ketone, methyl isobutyl ketone, toluene, xylenes, and chlorinated solvents.
  • Coatings for concrete containment structures (such as those built around storage tanks) that resist migration of any spilled chemical into the concrete.

Most of the markets for industrial maintenance coatings should grow at moderate rates in the next five years in North America, Western Europe, and Japan. Some of the faster-growing segments in these regions will be the following:

  • Water and wastewater treatment pipes and equipment.
  • Intumescent coatings (thin-film decorative finishes that provide a degree of fire protection when exposed to high temperatures).
  • Wind turbine coatings. Global wind farm capacity is forecast to grow strongly. Global offshore windmill capacity will grow even more strongly, which is driven primarily by new offshore wind projects in mainland China.

The global size of the anticorrosion coatings industry in 2021 represented a 10% share by value of the total 2021 coatings market. By volume, high-performance anticorrosion coatings represent a share of only 7%. The market is expected to grow at an average annual rate of 2.2%.

For more detailed information, see the table of contents, shown below.

S&P Global’s Specialty Chemicals Update Program –Coatings, High-Performance Anticorrosion is the comprehensive and trusted guide for anyone seeking information on this industry. This latest report details global and regional information, including

Key benefits

S&P Global’s Specialty Chemicals Update Program –Coatings, High-Performance Anticorrosion has been compiled using primary interviews with key suppliers and organizations, and leading representatives from the industry in combination with S&P Global’s unparalleled access to upstream and downstream market intelligence and expert insights into industry dynamics, trade, and economics.

This report can help you

  • Identify the competitive environment and key players
  • Assess key issues facing both suppliers and their end-use customers
  • Understand industry integration strategies
  • Keep abreast of industry structure changes, regulatory requirements, and other factors affecting profitability
  • Identify new business opportunities and threats
  • Follow important commercial developments
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Table of Contents

Section Page Number

Executive summary 6
Summary 7
Introduction 14
Products 19
Raw materials 19
Coatings 19
Technology 22
Production 22
Application 22
Overview of the industry 24
Structure of the industry 24
– United States 25
– RPM 26
– Sherwin-Williams 29
– PPG 31
– Tnemec 36
– Europe 37
– AkzoNobel 38
– Jotun Protective Coatings 44
– Hempel A/S 49
– SIKA Ag 56
– Central and Eastern Europe 56
– Middle East 58
– Africa 60
– Mainland China 60
– Japan 63
– Chugoku Marine Paints (CMP) 64
– Nippon Paint/Nippon Paint Marine 65
– Kansai Paint/Kansai Paint Marine 66
– Dai Nippon Toryo 67
– South Korea 68
– Rest of Asia 69
Mergers and acquisitions 71
Operating characteristics 75
– Research and development 75
– Manufacturing 78
– Marketing 79
– Cost structure and profitability 82
– Production 82
– Application 84
Government regulations 89
– VOC compliance 89
– United States 90
– Canada 93
– Europe 93
– Mainland China 94
– Japan 95
– Other Asia 95
– Antifouling coatings 95
– Tributyltin (TBT) compounds 96
– TBT alternatives 97
– Biocidal 97
– Nonbiocidal 100
– Other regulations 101
– The REACH legislation 103
– Research and development 104
Trends and opportunities 105
Critical factors for success 111
Consumption and markets 114
Consumption by coating type 115
– Acrylic coatings 117
– Alkyd coatings 119
– Epoxy coatings 119
– Silicone coatings 123
– Urethane coatings 125
– Vinyl and chlorinated rubber coatings 128
– Zinc-rich primers 128
– Other 129
Consumption by market 131
–World 131
– Protective/industrial maintenance coatings market 131
– Marine coatings market 132
– Shipbuilding and repair 132
– Coatings 138
– Offshore coatings market 142
– North America 146
– Oil and gas 149
– Infrastructure 153
– Utilities 155
–Water and waste treatment 156
– Bridges 159
– Chemical manufacture 162
– Pulp and paper 164
– Marine 165
– Offshore 168
– Other 168
– Latin America 169
– Europe, the Middle East, and Africa 173
–Western Europe 173
– Marine 175
– Public sector 176
– Utilities 176
– Oil and gas 177
– Offshore 179
– Chemical manufacture 179
– Other 180
– Central and Eastern Europe 180
– Middle East 182
– Africa 183
– Mainland China 184
– Protective/industrial maintenance coatings 185
– Oil, gas, and petrochemical 185
–Wind turbines 187
– Bridges 188
– Offshore 190
– Marine 191
– Cargo containers 194
– Japan 197
– Marine coatings 198
– Structural coatings 200
– Singapore 202
– South Korea 203
– Rest of Asia 206
Prices 207
Revisions 211
Data Workbook 212
Notice 213

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