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Surface Protection Services Market Estimated to Exhibit 4.9% CAGR in terms of volume through 2027

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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
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Research Methodology (1/2)
Systematic Research Approach
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Data analysis
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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
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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
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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
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Author
mahendralunkad
mahendralunkad37   documents Email
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