Acid Proof Lining Market is anticipated to grow at a CAGR of 3.92% from 2022 to 2028 globally - Axiom MRC
Acid Proof Lining Market is anticipated to grow at a CAGR of 3.92% from 2022 to 2028 globally - Axiom MRC
Date: March 2022
New York, March 2022: Axiom Market Research & Consulting™ added a report on Acid Proof Lining Market which includes study on material type, end user, and geography. Acid Proof Lining Market was projected to grow at a CAGR of 3.92% for the forecast period 2022 to 2028. The global market is estimated and forecasted in terms of revenue (USD Million) generated by the Acid Proof Lining Market.
The rapid industrialization and urbanization along with increasing chemical and metallurgy industry, ye changing dynamics and growing industrialization across the world has one of the large requirement in the construction of the industries that is using different lining products in the construction like the acid proof lining. The increasing demand across the globe, along with the increase in the requirement for providing the end user with safe industry construction has been the factors driving the growth of the acid proof lining market during the forecast period.
The report analyses the acid proof lining market based on material type, end user and geography. By material type, the acid proof lining market is segmented into ceramic brick lining, carbon brick lining, tile lining, thermoplastics lining, and fluoropolymer lining. By end user, the acid proof lining market is segmented into construction, chemicals and petrochemicals, metallurgy, water treatment and processing. By geography, the acid proof lining market is studied for the regions including North America, Europe, Asia Pacific and Rest of the World.
Ceramic brick lining material type segment is expected to have increasing demand in the acid proof lining market
The Ceramic Brick has been a building material that is made of red clay by firing and molding and ideally the ceramic brick lining with the minimum porosity and absorption of moisture and the highest strength ceramic brick compared to the other material has been responsible for driving the growth of the segment in the acid proof lining market during the forecast period.
Construction end user segment is expected to have high demand in the acid proof lining market
Because of the rapid growth in the industrialization across the globe and high increasing demand for the products of acid proof lining have been the factors responsible for driving the growth of the segment in the acid proof lining market during the forecast period.
Asia Pacific is expected to gain high market share in the acid proof lining market
The presence of the countries like India, China and Japan, along with the increasing industrialization in the region, high demand for the market in the region because of the product offerings such as long life, smooth finishing and resistance to acid, less maintenance, increasing sales distribution of the market have been the factors driving the growth of the acid proof lining market during in the Asia Pacific region during the forecast period.
Key Players
The key players in the acid proof lining market are BASF SE, PPG Industries, Inc, The Sherwin-Williams Company, Axalta, Hempel A/S, Jotun A/S, STEULER-KCH GmbH, Polycorp Ltd, Koch Industries, Inc, The STEBBINS Engineering and Manufacturing Company, Nittel GmbH & Co KG, AGRU Kunststofftechnik GmbH, Simona AG, CHRISTEN & LAUDON GmbH, Huerner Funken Malaysia Sdn Bhd, Zu SKO Säureschutz und Kunststoff GmbH, GBT-BÜCOLIT GmbH, Knäpper Oberflächentechnik GmbH, Ashland, Horizon Refractories Private Limited, Zeochem Anticorr, Lanexis Enterprises (P) Ltd., Vijaykumar Refractories & Chemicals Pvt.Ltd , Kakade Engineering System Pvt.Ltd., Good Earth Minerals Pvt. Ltd, Galaxy Enterprises, A-SPT Protective Solutions GmbH & Co. KG and JAY CORRO PLAST among others.