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Stallion Market Research
Anti-Corrosion Coatings Industry Powers Through The Impact Of The COVID-19 Crisis
What do you think would be one of the most dreadful things that exist In the world of mechanics and architecture? We don’t know about you, but the one thing that sends shivers down anyone's spine is corrosion. Something so destructive that once it attacks, it could potentially destroy years of hard work and could waste someone's hard-earned money.
Presently there are 5 known types of corrosion:
- Microbial Corrosion
This type of corrosion is caused due to the interference of microorganisms. This attacks both metallic and non-metallic materials irrespective of whether or not oxygen is present.
- High-Temperature Corrosion
This type of corrosion occurs due to heating. This occurs if a metal present around oxygen or other compounds is subjected to the heat of any kind.
- Crevice Corrosion
As the name suggests, this time of corrosion occurs in the gap-like areas of a surface.
- Pitting Corrosion
This usually occurs when a surface comes under certain conditions. A certain type of environment triggers accelerated corrosion in specific areas instead of uniform corrosion throughout a surface.
- Galvanic Corrosion
This is perhaps the most common type of corrosion which occurs when two dissimilar metals come in contact while an electrolyte is present.
To tackle this threat, the anti-corrosion coatings industry has remained steadfast in its journey of dealing with this threat. The pandemic has caused several industries to take major hits, however, now with citizens getting vaccinated, businesses and industries are slowly but surely taking steps towards rebuilding and becoming fully functional.
As per a global market research company - Stallion Market Research, “The global High-Performance Anti-corrosion Coatings market is valued to reach USD 8,720 million by the end of 2026, growing at a CAGR of 3%.”
Most activities took a massive hit due to the pandemic hitting everyone so mercilessly, however, there was only a tad bit of slowing down for the anti-corrosion industry. Presently, this industry is picking up speed quite fast as new opportunities have come floating in its direction.
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