Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the global acid proof lining market. In addition, complete analysis of changes on the global acid proof lining market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. Likewise, the COVID-19 virus has affected the supply chain causing disruption of market growth.
The global acid proof lining market is driven by rapid industrialization and urbanization and growing chemical and metallurgy sector. With the changing dynamics and growing industrialization across the globe has one of the major requirement in the constructing the industries that is use of different lining products in construction like acid proof lining. Acid lining market has certainly witnessed growing demand globally as these product helps to prevent the corrosion, or any accidents in the industry. Acid lining furthermore never deteriorates and provide fine finishing, sturdiness, durability, resistance to acids and are mostly available at cost effective price. Thereby, with the rapid industrialization the market has also gained increased requirement for providing the end user with safe industry construction. Likewise, growing chemical and metallurgy sector is one of the major factor propelling the growth of the market
The developing economies across the globe has led the rapid urbanization and industrialization in the different regional countries. The different application sector industry ideally have increased demand for production of various products which often increases the requirement for acid proof lining thereby creating demand for its acid proof lining market demand. The market is expected to have rapid new growth opportunities in the market attributing to increasing demand for market products in end user like chemicals & petrochemicals. Ideally in chemicals & petrochemicals industry, the risk is much more thereby acid lining provide protection against the acid. These are mostly used for multiple lining and layer in bedding, pointing while laying the bricks/ title that provide efficient and lasting effect against the corrosion. Besides, increasing safety concern among the manufacturer has propelled the market growth to major extend.
The market covid-19 pandemic significantly forced shutdown of production and manufacturing activities which has certainly affected the manufacturing, production, sales and distribution of market products thereby declining the market growth during the pandemic. However, post Covid-19 the market has witnessed a rise in demand for the market.
The major growth challenge for the market which is limiting the market growth is cost associated with the manufacturing of products has majorly created a challenge for the market growth. Besides, presence of low cost alternative is expected to hinder the market growth.
The report provides in-depth analysis of global acid proof lining market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. With rise in demand for various acid proof lining in various applications has led the demand for market and is expected to witness the growth at a CAGR at specific CAGR from 2021-2028.
The global acid proof lining market comprises of different market segment like material type, end user and geography.
By type, the acid proof lining includes key segment of ceramic brick lining, carbon brick lining, tile lining, thermoplastics lining, fluoropolymer lining. Ceramic brick lining is expected to have rising demand for the market. Ceramic bricks is a building material which is made of red clay by molding and firing. Ideally ceramic brick lining with minimum porosity and moisture absorption and the highest strength compared to other material has accelerated its demand. Likewise, the ceramic bricks have been traditionally been used for corrosion, abrasion and thermal protection in primary chemical process. These bricks are most commonly used in construction, chemicals & petrochemicals, metallurgy and water treatment & processing. Also, carbon bricks lining are used as lining in high temperature vessels, and corrosive environment with acid/ alkali attack. These bricks can further withstand most chemical attacks, high temperature or sudden temperature change, thermal shock associated with the vessel of such conditions. On the other side, tile lining, followed by thermoplastics lining, fluoropolymer lining are contributing healthy growth in the market.
The acid proof lining market finds its major end user in construction, chemicals & petrochemicals, metallurgy, water treatment & processing. Construction is currently having increasing demand for acid proof lining products due to rapid industrialization across the globe has certainly contributed in the segment growth. On the other hand, chemicals & petrochemicals is likely to have rising new growth opportunities as in chemical industry, the acid proof lining finds major demand in oilfield pipelines which indeed is driving the market growth.
The global acid proof lining market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW). Asia Pacific is expected to gain majority of market share in the global acid proof lining market during the forecast period attributing to growing construction activities in the developing countries. With the presence of countries like China, Japan and India the market is expected to have growing demand during the forecast period. Furthermore, rising industrialization in region is one the key factor propelling the growth of the sector. Also, demand for market in region is due to the market product offering like smooth finishing, longer life, and resistance to acid, less maintenance are some of the major driving factor for the market growth in the region. Also, increasing sales and distribution of market is contributing healthy growth in the market. Besides, Europe and North America are also expected to rising demand for global acid proof lining market. In North America, the increasing number of construction and different activities like oil and gas exploration has certainly fuelled the market growth.
The competitive landscape analysis of acid proof lining market is majorly focused on expanding the global growth of acid proof lining with new product innovation, increasing presence of range of manufacturer operating in acid proof lining has led the growing demand for the market. Besides, the market offers range of products in different application to fulfill the required demand of consumer which is further contributing healthy growth in the market. The increasing production of different material type like ceramic brick lining, carbon brick lining, tile lining, thermoplastics lining, fluoropolymer lining has fuelled the market growth to major extend. Alternatively, rise in middle class income and demand for acid proof lining are expected to have positive impact on the growth of market during the forecast period.
The key players studied in 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. The increasing presence of manufacturer in the market is expected to accelerate the market growth (2022-2028).
Lining is layer of different material covering inside surface of something and is used in bricks and title lining where chemical resistance is required. The acid resistance lining is mostly used in multiple lining and layer in bedding, pointing while laying the bricks/title and provide efficient and lasting effect against corrosion. The lining further impact resistant and scratch resistant lining on surface that provide protection against acid restraint lining. The global acid proof lining market comprises of different market segment like material type, end user and geography. By type, the acid proof lining includes key segment of ceramic brick lining, carbon brick lining, tile lining, thermoplastics lining, fluoropolymer lining. Ceramic brick lining is expected to have rising demand for the market. The acid proof lining market finds its major end user in construction, chemicals & petrochemicals, metallurgy, water treatment & processing. Construction is currently having increasing demand for acid proof lining products due to rapid industrialization across the globe. On the other hand, chemicals & petrochemicals is likely to have rising new growth opportunities. The global acid proof lining market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW). Asia Pacific is expected to gain majority of market share in the global acid proof lining market during the forecast period attributing to growing construction activities and demand in chemicals & petrochemicals in the developing countries.
1) What are the drivers for Acid Proof Lining market?
The key driving factors of the market are rapid industrialization and urbanization, growing chemical and metallurgy sector in developing countries
2) Which is the leading application segment for Acid Proof Lining market?
Construction has accounted the major market share, and is expected to witness the growth at highest pace during the forecast period.
3) Which region is gaining majority of market share during the forecast period (2021-2028)?
Asia Pacific is expected to gain major market share during the forecast period (2021-2028).
