According to Cognitive Market Research, the global anticorrosive coatings market size is USD 35241.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.00% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 14096.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 10572.36 million in 2024.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 8105.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.
Latin America had a market share of around 5% of the global revenue with a market size of USD 1762.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 704.82 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.70% from 2024 to 2031.
Solvent-based has the highest Anticorrosive Coatings Market revenue share in 2024.
