Surface Protection Services Market Estimated to Exhibit 4.9% CAGR in terms of volume through 2027embed
The surface protection services market is brutally competitive and small players often struggle to gain significant share.
Surface Protection Services Market December 2017 Report Id : REP-GB-5328 Status : Published Category : Chemicals and Materials ©2015 Future Market Insights, All Rights Reserved About Future Market Insights Future Market Insights (FMI) is a premier provider of syndicated research reports, custom research reports, and consulting services. We deliver a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, aerial view of the competitive framework, and future market trends. We provide research services at a global as well as regional level; key regions include GCC, ASEAN, and BRIC. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare, and Retail. We have a global presence with delivery centers across India specializing in providing global research reports and country research reports. FMI is headquartered out of London, U.K., with a state-of-the-art delivery center located in Pune, India. We combine our knowledge and learning from every corner of the world to distill it to one thing – the perfect solution for our client. Research Capabilities Customized Research Customized Research Syndicated Research Investment Research Social Media Research Sector Coverage Automotive and Transportation Electronics, Semiconductor, and ICT Retail and Consumer Products Industrial Automation and Equipment Chemicals & Materials Food and Beverages Services and Utilities Energy, Mining, Oil, and Gas Subscription Information Syndicated Research Investment Research For detailed subscription information please contact Hari. T (Sr. Manager - Global Business Development) T: +44 (0) 20 7692 8790 | D: +44 20 3287 4268 Email: [email protected] Social Media Research ©2015 Future Market Insights, All Rights Reserved 2 Research Methodology (1/2) Systematic Research Approach 1 Market profiling 2 Formulating discussion guide 3 Developing list of respondents 4 Data collection 5 Data validation 6 Data analysis Insights 7 In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc. PMR formulates a detailed discussion guide to conduct expert and industry interviews PMR develops a list of industry players (manufacturers), distributors, retailers and industry experts PMR conducts interviews with industry experts, industry players, distributors and retailers Data is validated by triangulation method, wherein secondary, primary and PMR analysis contribute to the final data Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry PMR delivers industry insights and information in the required format (PDF) Data Collection Research & Intelligence Data Filter & Analysis Identifying key opinion leaders Questionnaire design In-depth interviews Coverage across value chain Actionable Insights A Primary Research B SOLUTION Market participants Key strengths Product portfolio Mapping as per value chain Key focus segments Primary Research # Linkedin Zoominfo Salesforce Avention Business Solution Desk Research C Key industry experts Channel study Developments Market dynamics Products Conclusions Company Analysis Secondary Research # Company websites Company annual reports White papers Financial reports Paid Publications# Factiva GBI Genios Meltwater # includes sources of databases ©2015 Future Market Insights, All Rights Reserved 3 Surface Protection Services Market Analysis Surface Protection Services Market Estimated to Exhibit 4.9% CAGR in terms of volume through 2027 Future Market Insights in an upcoming report titled ‘‘Surface Protection Services Market: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2027)’ has comprehensively studied the global surface protection services market. The surface protection services market is on track to record a modest CAGR of 4.9% from 2017 to 2027. Product Type – Corrosion Protective Coating Systems Dominate Other Product Types The corrosion protective coating systems hold the lion’s share in the surface protection services market and are expected to gain 30 BPS by the year 2027. Corrosion protective coating systems bond by way of a chemical reaction with the substrate and minimal surface oxidation is beneficial. Therefore, corrosion promoters such as humidity and oxygen are able to get behind the coating in a similar fashion to ordinary paints. Corrosive protective coating systems have a double layer protection for mild steel and are widely utilized as compared to other product types in the surface protection services market. The corrosion protective coating systems market is predicted to surge past US$ 6 billion by the end of the forecast period. ©2015 Future Market Insights, All Rights Reserved 4 Surface Protection Services Market Analysis To Get Sample Copy of Report please visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-5328 Application – Huge Gains in Process Vessels, Equipment & Rigs Application Segment The process vessels, equipment & rigs segment has a market share of approx. 45% of the surface protection services market in terms of application and is poised to gain significant share going forward. NACE estimates that the cost of corrosion protection as a result of constructing new ships is more than US$ 7 billion every year i.e. almost 10% of the vessel’s total cost. Annual repairs & maintenance cost on account of corrosion is approx. US$ 5.5 billion with an additional US$ 5 billion in downtime. For process vessels & equipment built with reduced scantlings, it is vital that coating systems be property maintained. All of this is likely to boost the need for surface protection services in process vessels, equipment & rigs. Region – APEJ and MEA Race Ahead in Surface Protection Services Market The APEJ region is projected to gain a massive 200 BPS by the end of the decadal study and has gained 90 BPS from 2012 to 2017. Huge investments in China and India to fuel the demand for petroleum products are the major factors driving the APEJ surface protection services market. For e.g. - Indian Oil Corporation plans to double its refining capacity to 150 million tonnes by 2030 to cater to the explosive energy demand in the second most populous nation. IOC has also signed an agreement with BPCL and HPCL to build the world’s largest refinery at Ratnagiri in the state of Maharashtra at a cost of US$ 40 billion. ©2015 Future Market Insights, All Rights Reserved 5 Surface Protection Services Market Analysis Request Report TOC (Table of Contents) @ https://www.futuremarketinsights.com/askus/rep-gb-5328 Competition Dashboard in the Global Surface Protection Services Market Companies profiled in the report are Shawcor, Corrosion and Abrasion Solutions Ltd., PPG Industries, Dampney Company, Delta T & Proptective Products, Blair Rubber Co., Integrated Protective Coating, Abtrex Industries Inc., Applied Rubber Linings Ltd., T.F. Warren Group, Viking Conveyor, Wasser Corporation, 3M, Moon Fabricating Corporation, Hajjan Trading & Industrial Services Company Ltd., Spence Corrosion Services Ltd., Hempel A/S, Aegion Corporation, and Carboline Company. ©2015 Future Market Insights, All Rights Reserved 6 To know more about us, please visit our website: www.futuremarketinsights.com For sales queries or new topics email us on: [email protected] For media queries, contact the press office at [email protected] For other queries contact: Harish Tiwari (General Manager & Global Head Business Development) Future Market Insights: 3rd Floor, 207 Regent Street, London W1B 3HH T: +44 20 7692 8790 | D: +44 20 3287 4268 Email: [email protected] Thank You Future Market Insights Global & Consulting Private Limited (FMI) ©2015 Future Market Insights, All Rights Reserved 7