Increasing infrastructural expenditure in the public sector as well as improved performance of the automotive industry, regardless of recent downfalls with regards to economic growth is expected to drive the production sales of Corrosion Protective Coatings & Acid Proof Lining products. Stringent emission regulations and demand for supreme performance coatings in various industries is likely to influence manufacturers in developing eco-friendly coatings and related technologies. This in turn is expected to emit low-VOC emissions.
Apart from this, quarrying and mining industry is expected to create significant opportunities for South Africa with regards to revenue income. However, declining economy of South Africa is likely to hamper the growth of the region’s market for Corrosion Protective Coatings & Acid Proof Lining.
A recent report anticipates that the South Africa’s market for Corrosion Protective Coatings & Acid Proof Lining will expand at a healthy 5.7% CAGR during the forecast period, 2016-2026, to reach an evaluation of over US$ 500Mn by 2026-end. Companies namely REMA TIP TOP South Africa/Dunlop Industrial Products Pty Ltd, Kal-Gard (Pty) Ltd, Ferro South Africa (Pty) Ltd, Thermalloy (PTY) LTD, Steuler KCH GmbH and IAP International (Pty) Ltd., amongst others will witness a notable growth globally. Prominent companies are planning to focus on marketing strategies such as product innovations and increasing their product portfolio. Apart from this, companies such as Axalta Coating Systems are contributing significantly towards the expansion of South Africa’s market for Corrosion Protective Coatings & Acid Proof Lining.
Axalta Coating Systems Launches an Innovative Internal Pipe Coating
Axalta Coating Systems recently announced the launch of an innovative internal pipe coating named, Nap-Gard® 7-0016. This product is a unique thermosetting epoxy powder, which is developed to offer superior chemical resistance during temperatures till nearly 150 degree Celsius. Axalta Coating Systems has taken immense efforts in innovating this product towards its internal pipe coating series. Moreover, key players and manufacturers must note that this product development is especially for customers who demand corrosion protection in various downhole environments.
Apart from this, the notable point is that, oil & gas operators have working environments that hold higher temperatures as well as concentration of CO2 (carbon dioxide), H2S (hydrogen sulphide) and various other gas contaminants. In such environments, there is greater demand for usage of superior quality metal chrome alloys for preventing pipeline corrosion along with failure. The innovative development by Axalta Coating Systems provides an economical substitute for protecting internal diameter of the pipelines in and around the world.
Nap-Gard® 7-0016 delivers corrosion protection solutions, which can be utilized for the purpose of rebar, coat valves and fittings. The functional coatings by Axalta Coating Systems offer advanced and innovative solutions for the purpose of epoxy-based coating uses, even in most challenging environments.
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