According to Fact.MR, a market research and competitive intelligence provider, the global anticorrosive primers market is projected to reach a value of US$ 1.84 billion in 2023, with an anticipated growth rate of 6.9% CAGR from 2023 to 2033.

The market's expansion is being fueled by technological advancements in the formulation of anticorrosive primers. The increasing demand for these primers is largely due to their effectiveness in protecting metal surfaces from harsh environmental conditions and their extensive use in the repair and maintenance of existing structures.

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The anticorrosive primers market is primarily driven by demand from the construction and automotive sectors, with additional applications in the oil & gas, marine, aerospace, power generation, and chemical industries. As these industries continue to grow, the use of anticorrosive primers is expected to rise, offering lucrative opportunities for manufacturers.

Key Takeaways from Market Study

  • The global anticorrosive primers market reached a valuation of US$ 1.72 billion in 2022, advancing at a CAGR of 3.3% from 2018 to 2022.
  • The market is projected to expand at 6.9% CAGR and reach US$ 3.59 billion by 2033.
  • Noroo Paint & Coatings, Peter Kwasny GmbH, Polycote UK, Akzo Nobel, PPG Industries, Sherwin-Williams Company, Jotun Group, Hempel A/s, Rust-Oleum Corporation, Nippon Paints, Kansai Paints, Axalta Coating Systems, Berger Paints India Limited, and Asian Paints are leading manufacturers of anticorrosive primers.
  • Utilization of zinc-rich primers is projected to rise at a CAGR of 6.4% during the forecast period (2023 to 2033).
  • The market in the United States is estimated to reach US$ 1.08 billion by the end of 2033.

“Growing need for anti-rust and anticorrosive protection in several end-use industries is set to drive the market for anticorrosive primers,” says a Fact.MR analyst.

Country-wise Insights

Rising Demand for Corrosion Protection Primers in the US

In the US, the demand for anticorrosive primers is growing significantly, driven by their extensive use in the automotive, aerospace, and marine sectors. The market for rust-prevention primers in the US is projected to generate an absolute $ potential of US$ 552.2 million between 2023 and 2033.

The robust automotive industry plays a crucial role in this expansion, as zinc phosphate and epoxy-based treatments are essential for effective rust prevention and protecting metal components. Additionally, the aerospace and marine industries are contributing to the increased demand for these primers.

This trend extends to other sectors, including construction, oil and gas, chemicals, and power generation, further fueling the market's growth. The broad application of anticorrosive primers across various industries underscores their importance in safeguarding metal surfaces and components.

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Key Companies Profiled in This Report

  • Noroo Paint & Coatings
  • Peter Kwasny GmbH
  • Polycote UK
  • Akzo Nobel
  • PPG Industries
  • Sherwin-Williams Company
  • Jotun Group
  • Hempel A/s
  • Rust-Oleum Corporation
  • Nippon Paints
  • Kansai Paints
  • Axalta Coating Systems
  • Berger Paints India Limited
  • Asian Paints

Market Growth Stratagems

Strategies adopted by manufacturers include broadening product portfolios to address varied customer requirements, harnessing technological progress to amplify primer efficacy, and forging strategic alliances with industry counterparts to tap into new markets and distribution avenues.

  • In July 2022, Nippon launched anticorrosive universal primers for marine applications. These primers are suitable for all marine applications such as new shipbuilding, underwater hull, topsides, decks, boot tops, cargo holds, and others.

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More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the anticorrosive primers market, presenting historical market data for 2018 to 2022 and forecast statistics for 2023 to 2033.

The study reveals essential insights based on type (epoxy-based, zinc-rich, PU-based, alkyd-based, acrylic-based) and end-use industry (oil & gas, automotive, marine, aerospace, construction, power generation, chemicals), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia, and Oceania, and the Middle East & Africa).

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