The global acid proof lining market
is segmented into material type such as ceramic brick lining, carbon brick
lining, tile lining, thermoplastics lining and fluoropolymer lining. Further, ceramic
brick lining segment is expected to occupy the leading position in the market
during the forecast period. Ceramic brick lining segment is envisioned to grow on
the back of increasing adoption of ceramic brick lining in chemical industries
across the globe. Further, better heat stability and higher compression
strength of ceramic brick lining is expected to enhance the growth of this
segment over the forecast period.
Global acid proof lining market
is expected to register a 2.25% CAGR over the forecast period. Further, acid
proof lining is mainly adopted in areas where maximum chemical resistance is
required such as thermal power stations and other industries. Acid proof lining
can be used in containers, valves, and floors. Additionally, increasing number
of industries across the globe is a key factor which is envisioned to drive the
growth of global
acid proof lining market over the forecast period.
The chemical industries segment
by end-user is likely to witness robust growth over the forecast period. Use of
acid proof lining in flooring area, foundation and drain areas in chemical
industries is a major factor which is predicted to drive the growth of this
segment in near future.
Rapid Industrialization
Developing countries such as India, China and UAE are
witnessing considerable industrialization. Further, rapid emergence of industries such as dyestuff,
steel, thermal power stations, fertilizers, petro-chemicals,
food-pharmaceuticals industries is envisioned to increase the demand for acid
proof lining in near future. Further, growing non-oil industries in United Arab
Emirates is also predicted to foster the growth of global acid proof lining
market in upcoming years.
Wide Industrial
Applications
The adoption of acid proof
lining is increasing in various industries owing to need to increase the life
of mechanical and chemical equipment, assemblies as well as buildings by
preventing them from concentrated acids. Further, rising need of acid proof
linings for protection against chemical abrasion in various industries is
estimated to lead the growth of market in upcoming years.
However, high cost associated
with covering industrial surfaces owing to high cost of acid proof linings such
as carbon brick lining and presence of low
cost alternatives such as rubber coating/lining system are some of the
factors that are likely to limit the growth of the acid proof lining market in
the near future.
The
report titled “Acid Proof Lining Market: Global Demand Analysis & Opportunity Outlook 2021” delivers detailed overview of
the global acid proof lining market in terms of market segmentation by material
type, by end-user and by region.
Further,
for the in-depth analysis, the report encompasses the industry growth drivers,
restraints, supply and demand risk, market attractiveness, BPS analysis and
Porter’s five force model.
This report also provides the
existing competitive scenario of some of the key players of the global acid
proof lining market which includes company profiling of Ashland Inc., Polycorp Limited, STEULER-KCH GmbH, The STEBBINS
Engineering and Manufacturing Company, The Sherwin-Williams Company, BASF, Koch
Chemical Technology Group, Lanexis Enterprises (P) Ltd., ZEOCHEM ANTICORR and
Wisdom Group. The profiling enfolds key information of the companies
which encompasses business overview, products and services, key financials and
recent news and developments. On the whole, the report depicts detailed
overview of the global acid proof lining market that will help industry
consultants, equipment manufacturers, existing players searching for expansion
opportunities, new players searching possibilities and other stakeholders to
align their market centric strategies according to the ongoing and expected
trends in the future.
About Research
Nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
conglomerates and executives to take wise decisions for their future marketing
strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision so as to avoid future uncertainties.
Read more Information: https://www.researchnester.com/reports/acid-proof-lining-market-global-demand-analysis-opportunity-outlook-2021/167
Contact for more
Info:
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Daniel
U.S.
+1 646 586 9123
U.K.
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