New York, NY, March 11, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Acid Proof Lining Market by Product (Tile Lining, Thermoplastic Lining, and Ceramic and Carbon Brick Lining), by End-User (Oil and Gas, Marine, Construction, Chemicals, Transportation, Mining and Metallurgy, Automotive, Power Generation, and Others), and by Form (Water-Borne, Powder-Based, and Solvent-Borne): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026”. According to the report, the global acid proof lining market was valued at approximately USD 4,573 million in 2018 and is expected to generate USD 6,808 million by 2026, at a CAGR of around 5.1% between 2019 and 2026.
Acid proof linings protect equipment and plant facilities from aggressive media, such as acids, bases, saline solutions, etc. They also provide enhanced protection against mechanical stress.
Browse through 55 Tables & 34 Figures spread over 110 Pages and in-depth TOC on “Global Acid Proof Lining Market: Industry Size, Share, Segments, Analysis and Forecast, 2018–2026”.
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Rapid industrialization witnessed across the globe is likely to be the major factor driving the global acid proof lining market in the future. Several emerging economies have laid emphasis on increasing the number of their manufacturing industries as along with entering into new business fields. This will help in strengthening the economy and aiding the countries to grow. According to the UN’s Industrial Development Report, industrialization grew by 6.5 % from 2000 to 2015 globally. The major contributors toward this growth were the emerging economies, such as India and China. Moreover, the aim to reduce dependence on imports is another factor that is propelling the expansion of the manufacturing sector. However, the product rising costs may restrain the acid proof lining market globally in the years ahead. The high manufacturing costs could also result in increased prices of the final product.
Based on product, the global acid proof lining market is segmented into tile lining, thermoplastic lining, and ceramic and carbon brick lining. The thermoplastic lining segment held the largest market share in 2018 and is likely to witness significant growth over the forecast time period, as it exhibits significant resistance to mechanical stress, thermal shock, etc. Based on end-user, the market is segmented into oil and gas, marine, construction, chemicals, transportation, mining and metallurgy, automotive, power generation, and others. The oil and gas industry is projected to be the fastest growing end-user segment in the global acid proof lining market, as it transports various types of oils and chemicals to different regions. Additionally, the industry needs to store its products safely and prevent them from contamination and makes use of acid proof linings to protect its pipelines and vessels from contamination and damage. The form segment of the acid proof lining market includes water-borne, powder-based, and solvent-borne.
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The North American acid proof lining market is expected to witness substantial growth over the forecast time period. The region’s thriving construction industry is expected to be the major revenue contributor to the acid proof lining market in North America in the future. Moreover, the increasing number of oil and gas activities in the region, owing to the presence of the Permian Basin is projected to further propel the demand for acid proof linings in North America. North America’s oil production has been soaring in recent years and is expected to grow significantly in the upcoming years as well.
Europe held a significant share of the global acid proof lining market in 2018, due to the growing demand for acid proof lining from the automotive manufacturing sector. The increasing car sales in the region and the escalating demand for electric vehicles will aid the growth of the automotive industry in Europe. Several luxury car companies, such as Mercedes, Audi, BMW, etc., have their headquarters in Europe These companies have been witnessing a rise in sales in recent years, owing to the escalating popularity of luxury cars across the region. The European Union has also placed stringent regulations on the manufacturing sector to ensure the protection of facilities, personnel, and nearby areas.
Browse the full “Acid Proof Lining Market by Product (Tile Lining, Thermoplastic Lining, and Ceramic and Carbon Brick Lining), by End-User (Oil and Gas, Marine, Construction, Chemicals, Transportation, Mining and Metallurgy, Automotive, Power Generation, and Others), and by Form (Water-Borne, Powder-Based, and Solvent-Borne): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026” Report at https://www.zionmarketresearch.com/report/acid-proof-lining-market
Asia Pacific was the largest region in the global acid proof lining and contributed the highest market share in terms of revenue in 2018. This can be attributed to the rising product demand from developing economies, such as China and India. These countries are witnessing rapid industrialization with several global companies shifting their manufacturing bases to these locations along with the easy availability of low-cost labor.
Latin America and the Middle East and Africa are expected to witness moderate growth in the global acid proof lining market over the forecast time period. This can be attributed to the growing product demand by the oil and gas industry.
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Some key players operating in the global acid proof lining market include BASF SE, PPG Industries, The Sherwin-Williams Company, AkzoNobel, Ashland Global Holdings, Axalta Coating Systems Limited, Hertel, KCC, Hempel Group, and Jotun Chemicals Company, among others.
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This report segments the global acid proof lining market into:
Global Acid Proof Lining Market: Product Analysis
- Tile Lining
- Thermoplastic Lining
- Ceramic and Carbon Brick Lining
Global Acid Proof Lining Market: End-User Analysis
- Oil and Gas
- Marine
- Construction
- Chemicals
- Transportation
- Mining and Metallurgy
- Automotive
- Power Generation
- Others
Global Acid Proof Lining Market: Form Analysis
- Water-Borne
- Powder-Based
- Solvent-Borne
Global Acid Proof Lining Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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