A new report added to the repository of Market Research Reports Search Engine “Acid Proof Lining Market: Thermoplastic Linings to Register High Demand through 2022: Global Industry Analysis (2012 - 2016) & Opportunity Assessment (2017 - 2022)” is a comprehensive repository of information, providing market share, size, and forecast.
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Future Market Insights offers an in-depth forecast on the global market for acid proof linings for the assessment period, 2017-2022. According to the report, the global acid proof lining market is poised to reach a value of US$ 5,580 Mn by the end of 2022, registering expansion at a steady CAGR. Over the next five years, a wide range of factors are anticipated to influence the dynamics of acid proof lining market, and manufacturers are also expected to introduce new offerings by incorporating new lining materials in production.
Thermoplastic Linings to Register High Upturns
Resistance to thermal shock resistance is a key criteria for selection of acid proof linings. During transportation of abrasive materials, the inner surfaces of pipes or other conveyor utilities get damaged. In such cases, sudden temperature fluctuations can further complicate things by causing undue mechanical stress on the objects being transported. Lining materials that prevent these objects from experiencing excessive strains, which may even cause cracks in their form, are adopted for making these pipes shock-proof. Thermoplastic linings hold a competitive advantage in offering resistance against all key strictures – chemical, heat, mechanical stress, and thermal shocks.
In 2017, over three-fifth share of revenues procured in the global acid proof lining market will be accounted by sales of thermoplastic linings. The report projects that thermoplastic linings will not only hold the largest contribution to global revenues, but will also record fastest sales growth over the forecast period. Contrastingly, limited resistance abilities of ceramic & carbon brick linings will factor their declining sales in 2017 and beyond.
Paramount Importance of Acid Proof Linings in Oilfield Pipelines
Transportation of petroleum and other volatile substances in the oil & gas industry needs proper piping mechanism, with a specific attention to inner coatings of pipelines. To provide corrosion protection from the beginning, oilfield companies are installing acid-resistant liners in new pipelines. Existing pipelines are also being lined with acid proof coatings to rehabilitate the rusted pipeline and prevent further damage. In the view of such factors, adoption of acid proof liners continues to be steadfast in the global oil & gas sector. By the end of 2022, close to US$ 800 Mn worth of acid proof liners will be installed in oilfield pipelines across the globe. The demand for acid proof linings in the oil & gas end-use is expected to soar at a robust CAGR during the forecast period. Power generation end-use of acid proof linings, on the other hand, is anticipated to incur decline in the foreseeable future.
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Solvent-Borne Linings to Lose Traction
On the basis of form, solvent-borne linings are expected to witness a declining demand towards the end of forecast period. Higher emissions of volatile organic compounds in production and application of solvent-borne acid proof linings continues to restrain manufacturers from boosting their capacity to produce such environmentally-damaging products. Concurrently, waterborne linings will pick up traction because of their eco-friendly nature. Between 2017 and 2022, waterborne acid proof linings are pegged to create an incremental opportunity of nearly US$ 590 Mn.
Acid Proof Linings Market: Manufacturing Prospects
The report has also profiled key players partaking in the expansion of global market for acid proof linings during the forecast period. Stringent nature of international standards on acid proof lining manufacturing is observed to be key entry barrier for the market. Koch Knight LLC, Polycorp Ltd., Steuler-KCH GmbH, Jotun A/S, Hempel A/S, Axalta Coating Systems Ltd., Ashland Global Holdings Inc., The Sherwin-Williams Company, PPG Industries, Inc., and BASF Coatings GmbH are profiled as prominent manufacturers of acid proof linings in the global market. These companies, as well as new entrants, will be closely monitored by authoritative agencies controlling the input of acid proof lining manufacturing on global industrial waste.
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