Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market Size, Demand, Scope, Overview and Top Key Players Till 2027 | Expert Review
The corrosion under insulation (CUI) and spray-on insulation (SOI) coatings market is a segment of the overall coatings industry, which includes the production and sale of various types of coatings that are used to protect and decorate surfaces. CUI coatings are used to protect metal surfaces from corrosion that can occur when they are covered by insulation. SOI coatings, on the other hand, are used to insulate surfaces, typically to reduce heat loss or gain. The Corrosion Under Insulation and Spray-on Insulation Coatings Market size is projected to grow from USD 1.9 billion in 2022 to USD 2.3 billion by 2027, at a CAGR of 4.7%. The report Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market provides analysis by Type (Epoxy, Acrylic, Silicone, and Others), End-Use Industry Oil & Gas, and Petrochemical, Marine, Energy & Power) and Region.
The demand for CUI and SOI coatings is driven by the need to protect and insulate various types of infrastructure, including pipelines, tanks, and vessels, as well as buildings and other structures. These coatings are used in a variety of industries, including oil and gas, petrochemical, power generation, and construction.
The CUI and SOI coatings market is expected to grow in the coming years due to increasing investment in infrastructure and the need to protect and maintain existing assets. The adoption of advanced coatings technologies, such as spray-applied coatings, is also expected to drive market growth. However, the market may be impacted by factors such as changes in regulations, competition from alternative materials, and fluctuating raw material prices.
The demand for CUI and SOI coatings is expected to grow as industries continue to invest in maintaining and protecting their assets. The increasing focus on sustainability and the need to reduce maintenance costs is also driving demand for these coatings.
Get Sample Copy of this Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=250047061
What is Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings industry?
Corrosion Under Insulation (CUI) refers to the corrosion that occurs on the surface of pipes and equipment that are insulated, often due to water or moisture that is trapped between the insulation and the metal surface. CUI can cause significant damage to the equipment and can result in safety hazards if not properly addressed.
Spray-on Insulation (SOI) Coatings, on the other hand, are a type of insulation that is sprayed directly onto the surface of pipes and equipment. These coatings can provide both thermal insulation and corrosion protection, and can be applied in a variety of industrial settings.
The Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings industry is therefore focused on developing solutions to prevent and mitigate the effects of CUI, as well as providing high-performance SOI coatings that can protect equipment and reduce energy consumption.
Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market Key Players
Akzo Nobel N.V. (Netherlands),
PPG Industries, Inc., (US),
Jotun A/S (Norway),
The Sherwin-Williams Company (US),
Hempel A/S (Denmark),
Kansai Paint Co., Ltd (Japan),
Nippon Paint Co., Ltd. (Japan),
RPM International Inc (US).
The demand for CUI and SOI coatings is expected to increase in the coming years due to the growing need for energy efficiency and the increasing use of insulated equipment in various industries. The growth of the oil and gas industry, in particular, is expected to drive demand for these coatings.
There are several factors that could affect the market for CUI and SOI coatings. These include changes in the price of raw materials, advances in technology, and changes in regulations and standards. The level of competition in the market and the availability of alternative coatings could also affect the market.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=250047061
Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market Segmentation
The market for CUI and SOI coatings is segmented based on the on type, end-use industry, and region.
Based on Type
Epoxy
Acrylic
Silicone
Others (multi-polymeric matrix, zinc silicate, oxide chemicals, titanium modified inorganic copolymer, and water-based CUI coatings)
The epoxy-based CUI & SOI coatings to lead the market, by type, during the forecast period.
Epoxy-based CUI coatings have been estimated to lead the market during the forecast period. It is widely used in CUI & SOI coating because of its excellent grip, and chemical resistant properties. The properties of epoxy-based coatings can be improved by the suitable addition of additives and modifiers to meet the required specifications. They are hard and resist humidity, abrasion, acid, water, alkali, and seawater. They hold low volatility and are water cleanable. These features make them ideal for use on metal surfaces such as cast iron and aluminum.
Based on End-use industries
Marine
Oil & gas, and petrochemical
Energy & Power
Others (building & construction, food, pharmaceuticals, and automotive)
The oil & gas, and petrochemical segment are estimated to be the largest end-use industry in the CUI & SOI coatings market during the forecast period.
Intense and hazardous operations are conducted in the oil & gas industry. CUI & SOI coatings are used for oil & gas pipelines (new & repair), which include onshore & offshore operations. This industry is growing rapidly, as many refineries globally are converting into integrated plants.
Based on the Region
North America
Europe
APAC
Middle East & Africa
South America
View Full Report with TOC & List of Figure: https://www.marketsandmarkets.com/Market-Reports/corrosion-under-insulation-cui-spray-on-insulation-soi-coatings-market-250047061.html
The CUI & SOI coatings market in the Asia Pacific is expected to register the highest CAGR during the forecast period.
The market for CUI & SOI coatings in APAC is projected to register significant growth, and this trend is projected to continue during the forecast period. Asia Pacific is the fastest-growing CUI & SOI coatings market globally. This is attributed to economic growth, followed by large investments in various industries such as petrochemical, oil & gas, marine, energy & power, and others. APAC is the most lucrative market and should be the same in the near future.
APAC is the center of foreign investments and booming manufacturing sectors due to the low-cost labor and inexpensive availability of land. The rise in demand for CUI & SOI coatings can be ascribed to the growing marine, oil & gas, and petrochemical industries. These factors are contributing to the rising demand for CUI & SOI coatings in the Asia Pacific.
Why Choose MNM?
Authentic Method: To ensure high-level data integrity, accurate analysis, and impeccable forecasts
Agile Approach: A faster and efficient way to cater to the needs with continuous iteration
Targeted Market View: Targeted market view to provide pertinent information and save time of readers
Analyst Support: For complete satisfaction of our customers
Customization: Customization of the report’s scope as needed to meet your requirements in full
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]