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Growing Demand For Anti-corrosive Paints Have Positive Impact On Market Growth
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Chlorinated Rubber made by the reaction between carbon tetrachloride and chlorine. It is in the form of white powder with nonflammable quality. It has a unique identification which is It has increased hardness and decreased reactivity with most chemicals so that it can use a protective barrier against corrosion on metal surfaces.
It is used as a mixture of paints, coatings, and adhesives that will be applied to different types of metal for protection from corrosion. It is very useful for metal coating because it can protect from fire due to its chloride content, it can protect from water and moisture, it can reduce the reactivity of metal, it can give metal a lost lasting life, it can protect from anti-fouling, and it can also protect from mold.
By Hexaresearch Report, Chlorinated rubber offers effective film-forming properties and chemical inertness in coatings, adhesives, and marine paints. This factor is expected to fuel market growth over the forecast period. In addition, application in traffic paints for edge line, highway road, center line, zebra crossing markings, and car park structures is expected to provide growth opportunity over the projected period. Europe chlorinated rubber market size is projected to reach USD 5.41 billion by 2025. Growing demand for anti-corrosive paints from automotive, construction, and marine sectors is expected to have a positive impact on market growth.
Chlorinated rubber also enhances the bonding effects of polychloroprene rubber and nitrile-based rubber adhesives. It is capable of providing heavy-duty corrosion protection in applications including sea walls, port structures, and dam gates. Over the past few years, European chlorinated rubber manufacturers have been procuring raw material, natural rubber, from various countries in the Asia Pacific region. Growing product applications, particularly in traffic paints, in western European countries are also expected to provide lucrative opportunities to the manufacturers from the Asia Pacific. In 2016, Europe accounted for nearly 30% of the global paints and coatings industry.
Traffic paints application accounted for more than one-fourth of the chlorinated rubber market in 2017. High investment in infrastructure development in Europe is also expected to add to demand chlorinated rubber, especially in paints and adhesives. Growing adoption in protective and antifouling coatings in oil rigs and ships is also expected to scale up the demand. Increasing penetration of Exploration and Production (E&P) platforms including Enhanced Oil Recovery (EOR) activities in Norway, Russia, and U.K. is expected to promote product application in marine coatings. Since it provides heavy-duty corrosion protection, the product is considered as an ideal material for marine paints. This factor is also likely to augment market growth.
Access full report or request for a free sample at: https://www.hexaresearch.com/research-report/europe-chlorinated-rubber-market
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