The acid proof linings are being used for providing mechanical integrity and robustness to the industrial components. It helps in the protection of process vessels and equipment which are used in industrial operations from corrosion, which might be caused due to alkalizes, acids, and water vapor amongst others. This also helps in imparting resistance against abrasion, thermal shock, mechanical stress, and others. The corrosion protective coatings help in protecting the structures from degradation, which is caused by exposure to extreme corrosive environments.
Market Dynamics
The Corrosion Protective Coatings (CPC) & Acid Proof Lining (APL) market is expected to experience significant growth over the forecast period, owing to the steady economic growth of Australia along with the growth of the mining industry within the region. There is also a shift in the trend to use waterborne technologies, which is fuelling the demand for acid proof linings and corrosion protective coatings over the forecast period. The major players within the industry are also focused on the introduction of sustainable solutions which help in reducing the adverse environmental footprint. This is leading to an increase in the use of thermoplastic linings and waterborne corrosion protective coatings.
There has been a significant reduction in the use of anti-corrosion coatings which are formulated using solvent-based technologies owing to the enforcement of stringent regulations by several organizations such as Australian paints approval scheme. This is expected to reduce the demand for solvent-based coatings within the market. Furthermore, the growth of the market is expected to be hampered due to the fluctuation in the prices of raw materials, owing to volatility in the oil and gas market.
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