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Global market for corrosion protection rubber linings and coatings forecast to reach $12 billion by 2022

Monday, November 20, 2017
Valley Cottage, NY - According to the latest research by Future Market Insights (FMI), the global market for corrosion protection rubber linings and coatings will register a healthy expansion during the forecast period (2017-2022). The global corrosion protection rubber linings and coatings market are estimated to account for nearly $12,000 million in revenues by 2022-end. Shifting end-user preferences from solvent-borne solutions to water-borne solutions is a key trend being observed in the market currently. Manufacturers of corrosion protection products are increasingly focusing on safeguarding various end-use sector's operational performance. These manufacturers are also taking steps to cater the imperative need of preventing exterior corrosion of industrial surfaces. In addition, the focus on development of highly-volatile deterioration-resistant materials is increasing on the back of growing inclination towards technologically-advanced corrosion coating. Global leading manufacturers of corrosion protection rubber linings and coatings are making heavy investments in research and development activities, in a bid to develop new techniques for complete prevention of corrosion. Various industrial facilities, ranging from processing equipment, water treatment plants, oil and natural gas tank farms, to pipelines, are at huge risk of corrosion, especially the ones whose structures are made of carbon steel. This is mainly because carbon steel is highly prone to corrosion, which has resulted into production downtime, and repair and replacement activities. Several proactive industries are therefore moving beyond traditional techniques that are only capable of slowing down the corrosion. The industries are further shifting towards adoption of novel techniques, which enable complete prevention from corrosion, thereby minimizing cost, and production downtime needed to replace, repair or recoat the corroded equipment or material. According to the World Corrosion Organization, over 3 percent of the world's GDP is spent on corrosion-related activities across the globe annually. Projected to account for over a 40 percent revenue share of the market during 2017 to 2022, the solvent-borne segment by form type is expected to remain dominant in the global corrosion protection rubber linings and coatings market. In addition, the water-borne segment is expected to witness a relatively faster expansion in sales through 2022. As solvents comprise of harmful chemicals, end-users are now preferring water-borne solutions over solvent-borne for corrosion protection. Asia-Pacific excluding Japan (APEJ) and North America will remain the largest markets for corrosion protection rubber linings and coatings. The markets in Japan, and Middle East and Africa (MEA) are also expected to witness a healthy expansion through 2022. In addition, the market in Europe is estimated to create an absolute money opportunity of roughly $560 million between 2017 and 2022. Hard rubber lining systems are expected to remain preferred among products, with sales projected to account for nearly a two-third revenue share of the market during 2017 to 2022. However, soft rubber lining systems' sales are anticipated to reflect a comparatively higher CAGR than that of hard rubber lining systems through 2022. Sales of corrosion protection rubber linings and coatings in marine and construction end-use sectors are expected to collectively account for over one-third of the revenue share of the market in 2017. These end-use sectors will witness a rise in their market share through 2022. In addition, oil and gas is expected to remain the fastest growing end-use sector in the market, with sales poised to account for nearly $2,000 million in revenues by 2022-end. Key market players included in FMI's report include The Sherwin Williams Company, Steuler – KCH GmbH, PPG Industries, Inc., Polycorp Limited, Koch Knight LLC, Jotun A/S, BASF SE, Axalta Coating Systems, Ashland Global Holdings, Inc. and Akzo Nobel NV. - * Email


The Month in Review - Past 30 Days

Friday, December 15, 2017
Trelleborg Sealing Solutions acquires advanced composite components manufacturer Automated Dynamics
Goodyear inflates landmark hangar in Los Angeles, CA
Ohio Senate passes unsafe used tire bill
Silicone structural glazing market forecast to reach $43.9 billion by 2022
Book of the day - Rubber Molding Principles

Thursday, December 14, 2017
Global rubber anti-tack market forecast to grow at a CAGR of 4 percent through 2021
Former Vietnam Rubber Group chairman and four other official arrested in corruption crackdown
Malaysia reports an increase of 28 percent in natural rubber production for October
Sumitomo Rubber North America wins Ventana Research’s 2017 leadership award for digital technology
Smithers Rapra forecasts global industry tire volume to reach 2.7 billion units by 2022

Wednesday, December 13, 2017
Continental Tire gives $2 million grant to USC to expand logistics program
Hankook Tire appoints new chief executive and senior officers
Nexen Tire supplies original equipment tires for Porsche Macan
Rubber Division, ACS announces training courses for February and March
Adoption of digital solutions transforms North American and European tire retailing market

Tuesday, December 12, 2017
European non-destructive testing equipment market is expected to reach $2.89 billion by 2024
Cooper Tire to lay off 80 in North America
ChemChina to list KraussMaffei on the Shanghai stock exchange
Plastic compounding market including thermoplastic elastomers forecast to exceed $50 billion by 2024
Orion Engineered Carbons completes construction of carbon black plant in South Korea

Monday, December 11, 2017
AkzoNobel and Black Bear team up to make powder coatings from old tires
Freudenberg-NOK introduces high-temperature fluorinated rubber seals
Guill Tool & Engineering receives AS9100:2016 Aerospace and ISO 9001:2015 certificate of registration
Automotive elastomer market forecast to reach $58.8 billion by 2022
Yokohama Tire launches the TY577 MC˛ fuel efficient, SmartWay verified long-haul tire

Friday, December 08, 2017
Book of the day - Fatigue, Stress and Strain of Rubber Components, by Judson Bauman
Shimadzu Scientific Instruments and Restek Corporation announce distribution agreement
Goodyear and Sandia Labs mark 25 years of collaboration to improve tire design
Hankook Tire-DAV mobile service program triples number of veterans helped across the U.S.
Halcyon Agri becomes the largest rubber producer in Indonesia after recent acquistions

Thursday, December 07, 2017
Silicone adhesive market forecast to reach $2.95 billion by 2022
U.S Department of Commerce levies antidumping duties against steel wire rod suppliers
USTMA urges NHTSA to eliminate outdated regulations
2018 Jeep Wrangler features Goodyear Wrangler AT Adventure tires with Kevlar
Demand for silicone liquid-applied roof coatings is forecast to rise 5.1 percent annually

Wednesday, December 06, 2017
Huber Carbonates announces price increase for industrial calcium carbonate products
USTMA urges duties exemption for steel used in tire manufacturing
Hankook Tire survey finds more Americans plan to drive this holiday season than fly
Indian tire manufacturers face continuing shortfall of natural rubber domestically
Registration and housing now open for Rubber Division, ACS 193rd Technical Meeting

Tuesday, December 05, 2017
U.S. Tire Manufacturers Association projects lower tire shipments for 2017
IISRP announces online registration for 59th Annual General Meeting in Madrid, Spain
BASF increases prices for diols and derivatives in North America
Natural rubber market to grow at a CAGR of 4.06 percent through 2021
Yokohama Rubber U.K. subsidiary receives two awards for its efforts to promote tire safety

Monday, December 04, 2017
Vietnam Rubber Group signs $10 million land lease contract for rubber plantation in Laos
Toyo Tire awarded $1.6 million settlement for patent infringement against two Chines tire manufacturers
Dow insulation and sealing technologies used to keep Winter Olympics warm
Chloroprene rubber supply tightens worldwide
Global rubber bonded abrasives market forecast to grow at a CAGR of 3.2 percent through 2024

Friday, December 01, 2017
U.S. demand for rubber forecast to reach $8.9 billion by 2021
Goodyear and the U.S. Marine Corps Reserves join together for donations to Toys for Tots
Book of the Day - Rubber Extrusion Technology Short Course Notes
Elastomer coated fabrics market forecast to reach $11.85 billion by 2022
BASF increasing prices for neopentylglycol (NPG) sold in North America

Thursday, November 30, 2017
Synthetic rubber market forecast to reach $37.8 billion by 2022
Bill Bisson joins VMI Americas as area sales manager
Trinseo webinar focuses on the revolutionizing impact 3D printing has on manufacturing
Arlanxeo to provide the EPDM rubber for the FIFA 2018 football
Global nitrile butadiene rubber (NBR) market is forecast to reach $2.59 billion by 2025

Wednesday, November 29, 2017
Wacker opens technical center in Istanbul
Apollo Tyres becomes the title sponsor for Minerva Punjab FC
Smithers Rapra webinar to focus on test methods for validating imported tire quality
Imerys Performance Additives Division announces a significant price increase in January
U.S. Tire Manufacturers Association comments on the retirement of Pete Selleck, chairman and president of Michelin NA

Tuesday, November 28, 2017
Michelin and Tire Industry Association scholarship application period opens
Rubber Division ACS conducts outreach to Europe
Global butyl rubber market forecast to reach $5.21 billion by 2025
Songwon announces global price increases for its polymer stabilizers
LSR 2018 announces call for papers

Monday, November 27, 2017
Myers Industries announces quarterly dividend
Wacker released it new Elastosil LR 5040 line of liquid silicone rubber
Freudenberg Performance Materials presented three additions to its foam portfolio at Compamed 2017
PolyOne lauches OnColor Brilliant Metallic colorants
Borealis to study feasibility of a polyproylene capacity increase in Europe

Friday, November 24, 2017
Solvay and Henkel team up to double the number of Indian farmers in the Sustainable Guar Initiative
Goodyear extends sponsorship as Official Tire of NASCAR
Nexen Tire receives strong ratings in Auto Bild Tire performance tests

Thursday, November 23, 2017
Lanxess announces price increase for EMEA region for its Durethan and Pocan lines
Foremost Machine Builders, Inc. has appointed Walter Folkl as Manager of Sales
Birla Carbon started operations for its largest carbon black project in China
Shin-Etsu to increase prices 10-20% for all of its silicone products
Cabot Corporation to purchase black masterbatch producer Tech Blend

Wednesday, November 22, 2017
RPM International acquires Ekspan Holdings
Michelin to transfer shares in Double Coin Warrior Tire Company
Brenntag moves corporate headquarters to Essen, Germany
Tracey I. Joubert named to the Cooper Tire board of directors
AkzoNobel opens advanced Application Training Center in Dubai

Tuesday, November 21, 2017
Cooper Tire encourages college students to check their tires before hitting the road home
Mitsui Chemicals to acquire thermoplastic styrene elastomer business from Asahi Kasei
Trelleborg finalized the acquisition for White Baumaschinenreifen GmbH
Clariant announced an expanded partnership with Palmer Holland for the business unit additives in Canada
Yokohama announced its business and financial results for the first three quarters of 2017

Monday, November 20, 2017
Arkema announces a development partnership in high temperature powders with EOS
Global market for corrosion protection rubber linings and coatings forecast to reach $12 billion by 2022
Hexpol TPE announces expansion in Germany
Addivant increases capacity for its high-performance polymer antioxidant Ultranox 626
AkzoNobel completes $10 million sulfur derivatives investment in the US

Friday, November 17, 2017
Book of the Day - Resistance and Stability of Polymers
Lanxess to purchase Solvay's U.S. based phosphorus unit
Myanmar rubber exports set to rise
Continental to invest more than $9 million in its textile reinforcement business in Georgia
Global carbon black market forecast to grow at a CAGR of 4.8 percent through 2024




Todays Headlines



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