ACID PROOF LINING MARKET ANALYSIS
Global acid proof lining market size is estimated to be valued at nearly USD 4,600 million in 2018. It is a kind of coating which provides protection against extensive mechanical abrasion and high temperatures. They find their application in plastic piping, fiberglass, and steel structures for prevention of corrosive action of acids, solvents, and alkalis. The pronounced rise in industrialization has eventually led to expansion of acid proof lining market size worldwide. For instance, the chemical, petrochemicals and steel processing industries demand acid proof lining such as tile lining, ceramic brick lining and fluoropolymer lining.
Global Acid Proof Lining Market Drivers and Challenges
Global acid proof lining market value is expected to witness steady growth throughout the forecast period owing to increased chemical output and industrial production ratio. For instance, manufacturing growth has significantly improved in Asia Pacific especially developing regions. While global manufacturing value added to GDP is likely to grow by 3% in 2018 – higher than previous year of 2.8%, the numbers will be comparatively higher in developing regions of Asia Pacific and it is expected to touch 3.5% in 2018. Rise in industrial production is also attributed to fact that several schemes and government initiatives including –Make in China and Make in India programs has led to opening of new avenues for foreign direct investment. As a matter of fact, the global manufacturing output has increased from ‘USD 9.2 Trillion in 2009 to USD 11.6 Trillion in 2015 – showcasing optimistic scenario for overall industry opportunity.
Acid proof market is huge and has wide industrial end-uses ranging from construction to industrial and electronics industry. A strong rebound in all these industries expected to take place. Moreover, the industry which is highly fragmented is expected to shift towards consolidation – generating higher profit margins for industry giants.
The acid proof lining market trends is segmented on the basis of technologies, application and geography. On the basis of technology, market is segmented into ceramic brick lining, carbon brick lining, tile lining, thermoplastic lining, and fluoropolymer lining. Among these, thermoplastic lining is estimated to dominate the industry. It accounted for 66% share in 2016.
Application-wise, the market branches into chemicals, petrochemicals, pharmaceuticals, power generation, metallurgy, steel processing, water treatment, and others.
Global Acid Proof Lining Market Regional Analysis
The global acid proof lining industry value is analysed across Asia Pacific, North America, Western Europe, Central and Eastern Europe and Middle East and Africa.
Asia Pacific acid proof lining market value is expected to dominate the market throughout the forecast period owing to presence of large number of construction enterprises and small to mid-scale industrial powerhouses. Moreover, the region leads in electronics production – making it a preferred destination for acid proof industry players. Asia Pacific is expected to dominate the market throughout the forecast period. The region is estimated to account for nearly 46% of overall acid proof lining market share.
Europe will fall next to Asia Pacific. Though the region is highly mature, emergence of disruptive powers including AI will led to new business model – which in turn will create higher market opportunity for industry players. In Europe, Germany with estimated 28% share in 2017, will dominate the market throughout the forecast period. Germany is fast adopter to new type of industrial revolution. This will help country to lower down its operational expenses in near future and will able to accelerate its GVA ratio across various industry verticals. As such, profitability margin is expected to shoot across various enterprises. The trend is more or less likely to be same in European Union.EU has lost a dramatic acid proof lining market share from 39% in 2006 to just 23% in 2017. It is expected that industry will stabilize over the forecast period.
Global Acid Proof Lining Market Competition Scenario
The leading acid proofing lining market companies comprise of AcidProofTiles, Atlas Minerals and Chemicals, Hurner Funken GmbH, Steuler-Kch GmbH, SGL Group, Arcoy Industries, Brant Corrossion, Durosil Products Ltd, Dongyu Refractory and Engineering Ltd, and Henkel Surface Technologies Corp.
These key players focus on expanding their product portfolio and offerings through acquisition of various small and big acid proof lining plants with an objective to enhance their customer base. To attain a sustainable advantage over the competition, the acid proof lining companies have benefitted in past and are positively seen to benefit in future from research and developmental activities. This can eventually lead to provision of strong ceramic and brick linings a competitive solutions. Looking segment wise, companies can choose to draft strategies based on the knowledge that chemical segment is forecast to grow at fastest rate, followed by processing and power generation segments.