The global anti-corrosion coatings market is set for robust expansion and is projected to reach CAD 71.18 billion by 2032. This represents a steady CAGR of 5.21%, driven by the demand for lightweight, durable metallic components across industries such as construction, automotive, marine, and oil & gas.

Sustainability trends are also reshaping the market as companies increasingly seek eco-friendly solutions. This shift is expected to propel the demand for sustainable anti-corrosion coatings, aligning with the growing global focus on reducing environmental impact.

In terms of technology, the solvent-based segment dominated the market in 2022, accounting for over 47% of the revenue. With a forecasted CAGR of 7.9%, this technology remains a key growth driver, particularly due to its effectiveness in high-demand sectors.

The oil and gas sector stood out in 2022, capturing 37% of the market share, thanks to the critical role of corrosion protection in this industry. Meanwhile, North America led regional growth, generating over 38% of global revenues in 2022. The region is expected to maintain a strong growth trajectory, with a projected CAGR of 8.3% through 2031.

With increasing adoption across various sectors and a rising focus on sustainable practices, the anti-corrosion coatings market is primed for continued growth and innovation.