Usage in Food Processing and Oil & Gas Sectors to Present Acid Proof Lining US$ 11,896.7 Mn Market Opportunity in 2032 | Future Market Insights, Inc.

According to FMI, the U.S. acid proof lining market is expected to generate a share of more than 15.1% in the forthcoming years. By end use, the oil & gas segment is expected to generate the largest share in the acid proof lining market in 2022

NEWARK, DE / ACCESSWIRE / October 3, 2022 / The global acid proof lining market is anticipated to reach a valuation of US$ 11,896.7 Mn by 2032, with sales growing at a positive CAGR of 6.2% from 2022 to 2032. Scaling up from an estimated value of US$ 6,519.0 Mn in 2022, the acid proof lining market is driven by increasing application in industries like petrochemical plants, food processing facilities, thermal power plants, and pharmaceuticals. The swift advancement of the metallurgy and chemical sectors coupled with rapid industrialization also contribute to the growth of the acid proof lining market during the forecast period.

Future Market Insights, Inc., Thursday, September 29, 2022, Press release picture
Future Market Insights, Inc., Thursday, September 29, 2022, Press release picture

Due to the extensive use of acid or corrosive chemicals in chemical processing facilities, there high demand of acid proof lining in such facilities all over the world. Acid-proof coating is highly resistant to chemicals, heat, thermal shock, and mechanical pressure which is contributing to the growing popularity of the target market. Furthermore, heightened demand for poultry & seafood, bakery & confectionery, dairy, meat, and grains worldwide is likely to augment the food processing industry.

Request a Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-4998

This results in a surge in the sales of the target product as many organizations install new food processing equipment by using acid-proof lining to increase durability, quality control, and maintain preservation, and hygiene. Substantial chemical exposure in food processing industries also leads to extensive use of acid-resistant tiles and bricks owing to their corrosion protection, greater tensile strength, excellent bonding, solvent resistance, and other features. This, too contributes to the growing demand for acid proof lining during the assessment period.

Moreover, in the recent years, many manufacturers are introducing innovative piping systems with an emphasis on inner coatings of pipelines. These coatings play a crucial role in the safe transportation of petroleum or other compounds in the oil and gas industry. Thus, new pipelines in the oil industry have acid-proof liners implemented in them to protect against corrosion. Again, as a part of the rehabilitation process for deteriorated pipelines acid-resistant coatings are used. Owing to all of these factors, the global oil and gas industry has continued to act as a primary growth driver for the acid proof lining market.

"Heightened use of acid proof lining in oil & gas and food processing industries is expected to drive the global growth of the acid proof lining market over the forecast period," says an FMI analyst.

Request for Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-4998

Key Takeaways:

  • Rising demand from thermal power plants and metallurgy industries to strengthen the market prospects.

  • High cost and availability of cost-effective alternatives may stunt the market growth.

  • The acid proof lining market in the U.S. is expected to hold 15.1% of the total market share.

  • Advancing water treatment industry to propel the target market growth in Germany.

  • Thermoplastic acid brick lining segment to register high demand over the assessment period.

  • In terms of end user, oil & gas segment is anticipated to dominate the market.

Competitive Landscape

Sherwin-Williams Company, PPG Industries, BASF SE, Ashland Inc., Axalta Coating systems Ltd., Hempel A/S, Jotun Group, Steuler-KCH GmbH, Polycorp Ltd, and Koch Knight LLC among others are some of the major players in the acid proof lining market profiled in the full version of the report.

Leading market players are focusing on entering markets in emerging economies to expand their market presence. These businesses are employing tactics like mergers, partnerships, and acquisitions to meet consumer demands.

More Insights into Acid Proof Lining Market Report

In its latest report, FMI offers an unbiased analysis of the global acid proof liningmarket, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type (ceramic & carbon brick lining, tile lining, thermoplastic lining), form type (solvent-borne, water-borne, powder-based), end user (marine, oil & gas, power generation, construction, automotive, transportation, chemicals, mining & metallurgy, others), and region.

According to the latest FMI reports, based on segmentation, thermoplastic lining segment is predicted to gain momentum over the forecast period. On the basis of end user, oil & gas industry is predicted to contribute the most to the target market growth due to its extensive use of acid proof tiles for the transportation of petroleum.

Based on region, the United States is predicted to be one of the largest acid proof lining markets. The country is likely to account for 15.1% of the overall market share in the upcoming years. Heightened import of oil & gas results in the substantial growth of the regional market over the projected period.

Use promo code ->> FMITODAY to get flat 20% discount

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

Read Full Report with TOC @https://www.futuremarketinsights.com/reports/acid-proof-lining-market

Have a Look at Latest Trending Reports of Chemicals & Materials Domain

Polyurethane Adhesives Market: during the projected period, the global polyurethane (PU) adhesives market is set to top a valuation of US$ 9.63 Bn in 2022, and further expand at a CAGR of 6.1% during 2022-2032.
South Asia Geosynthetics Market: Sales prospects of geosynthetic material is expected to witness a steady growth outlook of magnitude 12.2% and are expected to reach US$ 4,441 Mn by 2032.
Chemical Testing Services Market: The global chemical testing services market is anticipated to witness a considerable CAGR of 5.4% during the forecast period of 2022 and 2032.
Asia Pacific Plastic Additives Market: The Asia Pacific Plastic Additives Market share is projected to reach US$ 34.9 Bn in 2032.
Metalized Barrier Films Market: The global metalized barrier films market size was valued at around US$ 1,969.7 Mn in 2021 and is anticipated to reach US$ 3,463.1 Mn by the end of 2032.

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com

SOURCE: Future Market Insights Inc.



View source version on accesswire.com:
https://www.accesswire.com/718482/Usage-in-Food-Processing-and-Oil-Gas-Sectors-to-Present-Acid-Proof-Lining-US-118967-Mn-Market-Opportunity-in-2032-Future-Market-Insights-Inc