Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Corrosion protective coatings is a coating material that is used on the surface in order to make it suitable to withstand harsh environmental factors. The acid proof lining improves the mechanical reliability, robustness, thermal shock, provide resistance against abrasion, and high impact on the metallic body. Acid proof lining are categorized into the thermoplastic lining, tile lining, and ceramic & carbon brick lining. Moreover, it also provides protection to the walls, process vessels, and instrument used in various industrial operations.

South Africa corrosion protective coatings & acid proof lining market is projected to reach around US$ 72,618.8 million by the end of 2027, in terms of revenue, growing at CAGR of 4.2% during the forecast period (2020-2027).

Drivers:

Growing spending on repair and maintenance of the infrastructure especially across public sectors is predominantly fueling the growth of the South Africa corrosion protective coatings & acid proof lining market. The growing construction industry in the region coupled with the increasing population are other major factors expected to foster the market growth of the corrosion protective coatings & acid proof lining.

The growing focus of manufacturers to develop innovative and eco-friendly coating technology is expected to accelerate market growth. Implementation of strict VOC regulation is encouraging manufacturers to develop eco-friendly coatings technology which is projected to have a positive impact on the market of the South Africa corrosion protective coatings & acid proof lining market over the forecast timeframe. 

Figure 1. South Africa Corrosion Protective Coatings & Acid Proof Lining Market Share (%) in terms of Value, By End-use, in 2019

South Africa Corrosion Protective Coatings & Acid Proof Lining  | Coherent Market Insights

On the basis of end-use in 2019, the mining & metallurgy segment has accounted the largest market share of 37.2% in terms of value, followed by others and power generation segment respectively.

Market Restraints

The rising price of raw materials that are used in the production of coatings products is expected to hamper the market growth of South Africa corrosion protective coatings & acid proof lining. Pigments, solvents, binders, additives, and white urea are some of the major raw materials used on the production of coatings.

request-sample

South Africa Corrosion Protective Coatings & Acid Proof Lining Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 52,833.9 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 4.2% 2027 Value Projection: US$ 72,618.8 Mn
Geographies covered:
  • Africa: South Africa
Segments covered:
  • By Product Type: Polymer Coatings, Rubber Lining Systems, and Acid Proof Lining
  • By End-use: Marine, Transportation, Chemicals, Water Treatment, Mining, Oil & Gas, Power Generation, and Others
Companies covered:

BASF SE, Akzo Nobel N.V., Jotun A/S, E. I. du Pont de Nemours and Company, Steuler KCH GmbH, The Weir Group PLC., SGS South Africa (Pty) Ltd., Corrocoat SA (Pty) Ltd, Ferro South Africa (Pty) Ltd, Flowcrete SA (PTY) Ltd, REMA TIP TOP South Africa, and Dunlop Industrial Products Pty Ltd

Growth Drivers:
  • Growing spending on repair and maintenance of the infrastructure especially across public sectors
  • The growing focus of manufacturers to develop innovative and eco-friendly coating technology
Restraints & Challenges:
  • The rising price of raw materials that are used in the production of coatings products

Market Opportunities

Rising demand for industrial coatings in the country is expected to present potential opportunities to the market of South Africa corrosion protective coatings & acid proof lining. Growth in the various manufacturing industries such as automotive, marine, etc. in the country is propelling demand for the product. Hence, growth in the various end-user industries is expected to foster the market growth of the South Africa corrosion protective coatings & acid proof lining.

Growth in the chemical industry in the country is expected to represent lucrative opportunities to the market of corrosion protective coatings & acid proof lining over the foreseeable time period. According to the KPMG, the chemicals industry is a key sector of the South African economy. It accounts for about 25% of the nation's manufacturing sales and is the most developed of its kind in Africa

Figure 2. South Africa Corrosion Protective Coatings & Acid Proof Lining Market– Opportunity Analysis

South Africa Corrosion Protective Coatings & Acid Proof Lining  | Coherent Market Insights

Market Trends

Product innovation by major players in the country is a major trend and this trend is expected to accelerate the market growth of corrosion protective coatings & acid proof lining. For instance, in April 2018, Axalta Coating Systems has launched one of its refinish brands, Nason Finishes, at a large paint importer and distributor in South Africa. Nason Finishes are formulated to be fast and easy to apply.

Rising demand for protective coatings from the mining industry is expected to augment the market growth of the South Africa corrosion protective coatings & acid proof lining. Mining is considered as the backbone of the South African economy for more than 150 years. For instance, Thermaspray, South Africa’s coating and surface engineering specialist provides a quality range of thermal spray coating solutions for the protection of critical components in mining machinery and equipment.

South Africa Corrosion Protective Coatings & Acid Proof Lining Market - Impact of Coronavirus (Covid-19) Pandemic

The Covid-19 is expected to hamper two main sources of income for South Africa – mining and tourism. The disruption of Chinese economy is expected to reduce demand for South Africa raw materials including iron, chromium, and manganese ores from China. Moreover, according to International Monetary Fund, in South Africa GDP growth is expected to fall from 0.2% in 2019 to -5.8% in 2020. The reduced GDP growth and slowdown in mining sector is expected to hamper growth of corrosion protective coatings & acid proof lining market in 2020. However, according to International Monetary Fund, South Africa’s GDP growth is expected to be 4.0% in 2021, which is expected to drive the mining sector in the country.

Competitive Section:

Company Names 

  1. BASF SE
  2. Akzo Nobel N.V.
  3. Jotun A/S
  4. E. I. du Pont de Nemours and Company
  5. Steuler KCH GmbH
  6. The Weir Group PLC.
  7. SGS South Africa (Pty) Ltd.
  8. Corrocoat SA (Pty) Ltd
  9. Ferro South Africa (Pty) Ltd
  10. Flowcrete SA (PTY) Ltd
  11. REMA TIP TOP South Africa
  12. Dunlop Industrial Products Pty Ltd

Few Recent Developments

Ashland Inc.

In November 2019, Ashland launched two new foam control agents for the water-based industrial coatings market. Drewplus L- 3500 and L-3510 foam control agents are the new standard in controlling macro – and microfoam in high shear spray applied coatings, providing an excellent balance between activity and compatibility.

Corrosion protective coatings (CPC) is applied on the surface to provide protection against the metal corrosion that is caused due to various environmental particles. Corrosion protective coatings prevent the exposure to moisture and other particles present in the surrounding by acting as a barrier between the surface and the moisture. The acid proof layer gives excellent robustness and mechanical integrity property to the metals parts that are widely used across manufacturing industries. Moreover, acid-proof layer also offer resistance against thermal shock, high impact, and mechanical stress to the metallic component.

Market Dynamics

Merger and acquisition by key producers in the country is a major trend. This is attributed to the growing need to expand the market presence at the regional as well as global level. For instance, in July 2019, Brenntag, engaged in chemical distribution announced the acquisition of the remaining 50% of the shares in Crest Chemicals Proprietary Limited (“Crest”), South Africa, from the AECI Limited Group of companies. Crest has been a 50:50 joint venture between Brenntag and AECI since 2001.

Strict rules and regulations due to growing environmental concerns as these coatings products have hazardous effects are expected to hamper the market growth of the South Africa corrosion protective coatings & acid proof lining. Protective coatings technology release toxic volatile content as it is mostly solvent-based technology.

Key features of the study:

  • This report provides in-depth analysis of South Africa corrosion protective coatings & acid proof lining market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020–2027), considering 2019 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
  • This study also provides impact analysis of Coronavirus (Covid-19) pandemic on South Africa corrosion protective coatings & acid proof lining market.
  • It profiles leading players in the South Africa corrosion protective coatings & acid proof lining market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study includes, Akzo Nobel N.V., Jotun A/S, E. I. du Pont de Nemours and Company, Steuler KCH GmbH, The Weir Group PLC., SGS South Africa (Pty) Ltd., Corrocoat SA (Pty) Ltd, Ferro South Africa (Pty) Ltd, Flowcrete SA (PTY) Ltd, REMA TIP TOP South Africa, and Dunlop Industrial Products Pty Ltd
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future products launches, technology up-gradation, market expansion, and marketing tactics
  • The South Africa corrosion protective coatings & acid proof lining market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the South Africa corrosion protective coatings & acid proof lining market

Detailed Segmentation:

  • South Africa Corrosion Protective Coatings & Acid Proof Lining Market, By Product Type:
    • Polymer Coatings
      • Epoxy
      • Polyurethane
      • Alkyd
      • Acrylic
      • Fluoropolymer
      • Vinyl Ester and Flake-filled Vinyl Ester
    • Rubber Lining Systems
      • Epoxy
      • Polyurethane
    • Acid Proof Lining
      • Ceramic & Carbon Brick Lining
      • Tile Lining
      • Thermoplastic Lining
  • South Africa Corrosion Protective Coatings & Acid Proof Lining Market, By End-use:
    • Marine
      • Ballast Tanks
      • Intake pipelining
    • Transportation
      • Road Tankers
      • Rail Tankers
      • ISO Tanks
    • Chemicals
      • Phosphoric Acid Processing
      • Sulfuric Acid Processing
      • Hydrochloric Acid Processing
      • Chlorine Processing
      • Caustic Soda Processing
    • Water Treatment
      • Desalination
      • Sewage Treatment
      • Process & Waste Water
    • Mining & Metallurgy
      • Phosphate
      • Aluminum
      • Copper
      • Nickel
      • Gold
      • Steel
      • Platinum
      • Uranium
    • Oil & Gas
    • Power Generation
    • Others
  • Company Profiles
    • BASF SE *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Akzo Nobel N.V.
    • Jotun A/S
    • E. I. du Pont de Nemours and Company
    • Steuler KCH GmbH
    • The Weir Group PLC.
    • SGS South Africa (Pty) Ltd.
    • Corrocoat SA (Pty) Ltd
    • Ferro South Africa (Pty) Ltd
    • Flowcrete SA (PTY) Ltd
    • REMA TIP TOP South Africa
    • Dunlop Industrial Products Pty Ltd

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By End-use
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Mergers and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
    • Cost Tier Down Analysis
  4. South Africa Corrosion Protective Coatings & Acid Proof Lining Market – Impact of Coronavirus (Covid-19) Pandemic
    • Impact of Coronavirus – Overview
    • Impact of Coronavirus on South Africa Corrosion Protective Coatings & Acid Proof Lining Market , By End-use
      • Marine
      • Transportation
      • Chemicals
      • Water Treatment
      • Desalination
      • Mining & Metallurgy
      • Oil & Gas
      • Power Generation
      • Others
  5. South Africa Corrosion Protective Coatings & Acid Proof Lining Market, By Product Type, 2017- 2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Polymer Coatings
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million)
      • Sub-segment Trends
        • Epoxy
        • Polyurethane
        • Alkyd
        • Acrylic
        • Fluoropolymer
        • Vinyl Ester and Flake-filled Vinyl Ester
    • Rubber Lining Systems
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million)
      • Sub-segment Trends
        • Epoxy
        • Polyurethane
    • Acid Proof Lining
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million)
      • Sub-segment Trends
        • Ceramic & Carbon Brick Lining
        • Tile Lining
        • Thermoplastic Lining
  6. South Africa Corrosion Protective Coatings & Acid Proof Lining Market, By End-use, 2017- 2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Marine
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million)
      • Sub-segment Trends
        • Ballast Tanks
        • Intake pipelining
    • Transportation
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million)
      • Sub-segment Trends
        • Road Tankers
        • Rail Tankers
        • ISO Tanks
    • Chemicals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million)
      • Sub-segment Trends
        • Phosphoric Acid Processing
        • Sulfuric Acid Processing
        • Hydrochloric Acid Processing
        • Chlorine Processing
        • Caustic Soda Processing
    • Water Treatment
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million)
      • Sub-segment Trends
        • Desalination
        • Sewage Treatment
        • Process & Waste Water
    • Mining & Metallurgy
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million)
      • Sub-segment Trends
        • Phosphate
        • Aluminum
        • Copper
        • Nickel
        • Gold
        • Steel
        • Platinum
        • Uranium
    • Oil & Gas
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million)
    • Power Generation
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million)
  7. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • BASF SE
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Akzo Nobel N.V.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Jotun A/S
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • E. I. du Pont de Nemours and Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Steuler KCH GmbH
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • The Weir Group PLC.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • SGS South Africa (Pty) Ltd.  
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Corrocoat SA (Pty) Ltd 
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Ferro South Africa (Pty) Ltd 
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Flowcrete SA (PTY) Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • REMA TIP TOP South Africa
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Dunlop Industrial Products Pty Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

Frequently Asked Questions

The market for South Africa protective coatings & acid proof lining is estimated to surpass US$ 72,618.8 million by 2027, exhibiting a CAGR of 4.2% between 2020 and 2027.
Growing spending on repair and maintenance of the infrastructure especially across public sectors is predominantly fueling the growth of the South Africa corrosion protective coatings & acid proof lining market. The growing construction industry in the region coupled with the increasing population are other major factors expected to foster the market growth of the corrosion protective coatings & acid proof lining.
The South Africa protective coatings & acid proof lining market is expected to exhibit a CAGR of 4.2% during the forecast period (2020-2027).
Major players operating in the South Africa protective coatings & acid proof lining market include BASF SE, Akzo Nobel N.V., Jotun A/S, E. I. du Pont de Nemours and Company, Steuler KCH GmbH, The Weir Group PLC., SGS South Africa (Pty) Ltd., Corrocoat SA (Pty) Ltd, Ferro South Africa (Pty) Ltd, Flowcrete SA (PTY) Ltd, REMA TIP TOP South Africa, and Dunlop Industrial Products Pty Ltd
The rising price of raw materials that are used in the production of coatings products is expected to hamper the market growth of South Africa corrosion protective coatings & acid proof lining. Pigments, solvents, binders, additives, and white urea are some of the major raw materials used on the production of coatings.
Product innovation by major players in the country is a major trend and this trend is expected to accelerate the market growth of corrosion protective coatings & acid proof lining. For instance, in April 2018, Axalta Coating Systems has launched one of its refinish brands, Nason Finishes, at a large paint importer and distributor in South Africa. Nason Finishes are formulated to be fast and easy to apply.
Existing Clientele

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients

Our Trusted Patner