The global acid-proof lining market size is projected to reach a valuation of USD 12,313.08 million in 2033 and exhibit growth at a CAGR of 6.2% in the forecast period. The market is anticipated to reach USD 6,747.17 million by the end of 2023.
Thermal power plants, petrochemical plants, pharmaceutical, and food processing facilities are some of the many businesses that put their acid-proof liners to good use. When the temperature within a chemical reactor rises over 125 degrees Celsius, these liners must be installed there.
Organic solvents and compounds that include several acids are two other applications. Moreover, numerous acid-proof lining solutions are implemented in chemical processing facilities worldwide where acid or corrosive chemicals are extensively utilized. The acid-proof coating is extremely resistant to chemicals, heat, thermal shock, and mechanical pressure.
Further, rapid growth in metallurgy, chemical, and industrialization would propel the global acid-proof lining market in the assessment period. The rising need for electricity is compelling companies to increase their power generation capacities, which is another vital factor that would aid growth.
Increasing demand for poultry & seafood, bakery & confectionery, dairy, meat, and grains across the globe is projected to expand the food processing industry. Thus, companies are set to install new food processing equipment by using an acid-proof lining to surge durability, quality control, and maintain preservation, and hygiene.
Attribute | Details |
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Global Acid Proof Lining Market Estimated Size (2023E) | USD 6,747.17 million |
Projected Market Valuation (2033F) | USD 12,313.08 million |
Value-based CAGR (2023 to 2033) | 6.2% |
Collective Value Share: Top 3 Countries (2023E) | More than 49.7% |
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Over the historical assessment period, the acid-proof lining market witnessed robust growth opportunities owing to the substantial expansion of various end-use industries. The oil and gas industry remained at the forefront, thereby promoting the consumption of acid proof linings during the historical period.
However, booming construction, automotive, and power generation industries, as well as a propensity towards eco-friendly coatings is expected to create new growth opportunities for key players present in the global acid-proof lining market over the evaluation period of 2023 to 2033. The global acid proof lining market is thus anticipated to witness a CAGR of 6.2% from 2023 to 2033 and reach a valuation of USD 12,313.08 million by the end of 2033.
Rising Installation of Acid Resistant Liners in Pipes
Companies nowadays are developing innovative piping systems with a focus on the inner coatings of pipelines, which are essential for the safe transportation of petroleum or other compounds in the oil and gas sector. New pipelines in the oil industry have acid-proof liners installed in them to defend against corrosion. Pipes are being coated with acid-resistant coatings as part of the rehabilitation process for deteriorated pipelines.
Due to these considerations, the oil and gas industry across the world has not wavered in its commitment to using acid-proof liners. By the end of 2033, oilfield pipelines throughout the globe are anticipated to receive massive investments to have acid-resistant liners installed. High demand for acid-resistant liners in the oil & gas industry is estimated to create new growth opportunities for key companies during the forthcoming years.
Expansion of the Food & Beverage Industry Worldwide
Due to the significant chemical exposure in food processing industries, acid-resistant tiles, and bricks are commonly employed for their corrosion protection, increased tensile strength, superior bonding, solvent resistance, and similar other qualities. Demand for acid-proof liners is predicted to rise in the evaluation period with the rapid expansion of the food industry across the globe.
The food processing industry in India is expected to grow at a fast pace and reach nearly USD 535 billion by 2025 to 2026, as reported by the National Investment Promotion Facilitation Agency. The United States Department of Agriculture reports that in 2017, the food processing business in China generated USD 1.47 trillion in terms of revenue, which showcased a surge of about 6.3% over 2016 levels.
The Japanese food processing sector produced USD 219.5 billion worth of food and beverage products in 2019, up from USD 216.8 billion in 2018. Therefore, it is expected that the expansion of the food and beverage sector throughout the world would push the global acid-proof lining market.
The cost of acid-proof linings is more than that of rubber linings. The expensive nature of acid-proof lining has led to its declining use. Rubber lining is a cost-effective coating used for the exterior and interior of storage containers, including tanks, pipelines, and other vessels. Besides, compared to acid-proof linings, rubber linings can help prevent corrosion, substance contamination, ignition, and explosion in a more efficient manner.
Tanks typically have rubber linings due to their excellent resilience against harsh chemical conditions. Rubber lining is also used in tanks, pipelines, and process equipment in a variety of sectors, including steel, automotive, power generation, water treatment, and chemical, to minimize system shutdown costs, as compared to acid-proof lining. Thus, the rapid inclination of consumers towards rubber linings may hamper the global acid-proof lining market in the next decade.
Expansion of Oil & Gas Industry in the United States to Foster Sales of Acid Proof Brick Lining
When it comes to acid-proof liners, the United States is a major customer. Compared to other countries, the United States imports more oil and gas across the globe. Oil and gas are brought in by a wide variety of transportation methods in the country. With acid-proof liners, corrosion can be effectively and indefinitely prevented.
By the end of the projected period, imports are expected to have hit record highs in the country. The United States has become one of the world's biggest users of acid-proof liners due to its increasing need for imported oil. According to FMI, the United States acid-proof lining market is expected to generate a share of more than 15.1% in the forthcoming years.
Expansion of the German Water Treatment Industry to Boost Demand for Acid Resistant Brick Lining
The expansion of Germany's water treatment and processing sector is anticipated to boost the demand for acid-proof lining in the next decade. Future Market Insights predicts that the wastewater treatment and processing business is expected to witness significant growth during the forecast period as a result of strict legislative requirements such as the European Union (EU) Water Framework Directive.
Growing cost pressure caused by the rising price of energy would also contribute to the surging demand for acid-proof linings in the country. A slew of new, especially medium-sized businesses is flooding into Germany as a result of the recent boom in terms of demand for acid-proof liners.
On the other hand, the German acid-proof lining market is predicted to experience slight degradation in terms of growth due to the availability of novel competitive products. These include hard and soft rubber lining systems made from materials such as natural rubber, chlorobutyl, bromobutyl, and neoprene.
In terms of chemical resistance, rubber lining systems excel against organic solvents, strong acids & bases, and aqueous phases. Acid-proof linings are expected to face competition from corrosion-protective polymer coatings made from polyurethane, alkyd, acrylic, fluoropolymers, epoxy, and vinyl esters. These factors may restrict the Germany acid-proof lining market to a certain extent in the next decade.
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Thermoplastic Acid Brick Lining to Gain Immense Popularity in the Next Decade
When choosing acid-proof linings, thermal shock resistance is a crucial consideration. Inner surfaces of pipes or other conveyor facilities wear out while carrying abrasive materials. Sudden temperature changes add to the difficulty by putting unnecessary mechanical stress on the items to be carried.
To make these pipes shockproof, lining materials are employed to prevent them from encountering extreme stresses that might lead to cracks in their shape. Thermoplastic linings have an edge over the competition since they are impervious to chemicals, high temperatures, mechanical stress, and temperature changes. Hence, Future Market Insights is predicting that the thermoplastic linings segment is likely to exhibit a high CAGR among all other product types over the forecast period.
Oil & Gas Industry to Install Acid Proof Tiles for Smooth Transportation of Petroleum
Over the projected period, the oil & gas industry alone is expected to generate the largest revenue share in the acid-proof lining market. Transporting combustible materials and petroleum in the oil and gas business necessitates a robust pipe system with the ability to withstand a wide range of environmental conditions.
Pipelines can be protected against damage and potential loss when acid-proof liners are used. Companies in the petrochemical industry are putting acid-proof coatings on their existing pipes to prevent additional corrosion.
Key players in the global acid-proof lining market are actively extending their reach to new regions and emerging markets to meet the growing demand for their products. To increase their market share, major manufacturers are consolidating their positions through mergers and acquisitions of local and regional firms. As a result, major producers are looking for mergers and partnerships to better fulfill consumer demand.
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Attribute | Details |
---|---|
Estimated Market Size (2023) | USD 6,747.17 million |
Projected Market Valuation (2033) | USD 12,313.08 million |
Value-based CAGR (2023 to 2033) | 6.20% |
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | Value (USD Million) and Volume (Tons) |
Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia Pacific; Middle East & Africa (MEA). |
Key Countries Covered | The United States, Canada, Brazil, Mexico, Germany, Italy, France, the United Kingdom, Spain, BENELUX, Russia, China, Japan South Korea, India, Association of Southeast Asian Nations, Australia and New Zealand, GCC Countries, South Africa, and Northern Africa |
Key Segments Covered | Product Type, Form Type, End Use, and Region |
Key Companies Profiled | Sherwin-Williams Company; PPG Industries; BASF SE; Ashland Inc.; Axalta Coating Systems Ltd,; Hempel A/S; Jotun Group; Steuler-KCH GmbH; Polycorp Ltd; Koch Knight LLC |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The global sales of acid proof lining is forecasted to rise at 6.2% CAGR through 2033.
The total valuation of the global market is expected to close up at USD 12,313.08 million by 2033.
Oil & gas industries consume more than one-third of the global demand.
Growing demand for thermal shock resistance might drive this segment at a higher CAGR through 2033.
Growing use of acid proof lining in industries to drive the market in Germany rapidly.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Ceramic & Carbon Brick Lining 5.2. Tile Lining 5.3. Thermoplastic Lining 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form Type 6.1. Solvent-Borne 6.2. Water-Borne 6.3. Powder-Based 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 7.1. Marine 7.2. Oil & Gas 7.3. Power Generation 7.4. Construction 7.5. Automotive 7.6. Transportation 7.7. Chemicals 7.8. Mining & Metallurgy 7.9. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Sherwin-Williams Company 18.2. PPG Industries 18.3. BASF SE 18.4. Ashland Inc. 18.5. Axalta Coating Systems Ltd 18.6. Hempel A/S 18.7. Jotun Group 18.8. Steuler-KCH GmbH 18.9. Polycorp Ltd 18.10. Koch Knight LLC 19. Assumptions & Acronyms Used 20. Research Methodology
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