Acid proof lining are advanced coatings technology that is used to protect the materials such as plastic piping, fiberglass, concrete, and steel structures against strong acids, alkalis, and solvents. It also provides protection against elevated temperature and mechanical abuse. Acid proof lining products can be classified into ceramic carbon brick lining, brick lining, thermoplastics lining, tile lining, and fluoropolymer lining. Moreover, acid proof tiles and bricks are also available in different sizes. Acid proof lining finds application across chemicals, metallurgy, pharmaceuticals, water treatment & processing, power generation, marine, and automotive.
The Germany acid proof lining market was estimated to account for US$ 4.7 billion in terms of revenue in 2018 and is predicted to grow at a CAGR of 6.0% during the forecast period (2019 to 2027).
Drivers
Expanding chemical industry in Germany is projected to foster the market growth of acid proof lining. According to the Coherent Market Insights, with a share of over 27.0% in 2015, Germany is the fourth-largest chemicals market in the world, surpassed only by China, the U.S, and Japan in terms of revenue. The German chemicals industry has consolidated its leading role in Europe over the last few years. Moreover, growing metallurgy industry in Germany has also projected to propel the growth of acid proof lining. According to the Coherent Market Insights forecasts, the steel production in Germany to expected to grow by 1% in 2016 over that in 2015.
Market Opportunities
Growing usage of acid-proof lining product in the pharmaceutical industry on the site such as tanks, drains, floors, storage vessels, reaction & effluent treatment plants, etc. are expected to offer potential growth opportunity to the market of acid-proof lining. It ensures that tiles are clean and dry and ensure uniform coverage without the formation of any air pockets. Therefore, aforementioned emerging application across the pharmaceutical industry is augmenting market growth over the forecast period.
Market Restraints
High prices of raw materials that impact the production of acid proof lining products are expected to curb the market growth over the forecast timeframe. Titanium dioxide and cuprous oxide are the two common raw materials used in the production of the acid proof lining. According to the Coherent Market Insights, these chemicals commodities market has experienced an acute upward trend in terms of pricing of clay, feldspar, and quartz which has further led to an increase in prices of acid proof lining over the years. Therefore, high cost of raw materials used in the production of acid proof lining products is expected to hamper the market growth.