Acid Proof Lining Market Size Forecast to Reach $6.8 billion by 2027

May 03 19:41 2022
Acid Proof Lining Market Size Forecast to Reach $6.8 billion by 2027
Acid Proof Lining Market | IndustryARC
The Growing Consumption of Water-based Acid-proof Lining Is Expected to Propel the Acid-proof Lining Industry Growth.

Acid Proof Lining Market size is expected to reach a value of US$6.8 billion by the end of the year 2027 after growing at a CAGR of 5.1% during the forecast period from 2022-2027. The increased demand for acid-proof lining in oil & gas refineries, food & beverage plants, construction, metal manufacturing, and pharmaceutical offers corrosion protection to manufacturing and processing plants. The acid-proof lining is also used to prevent deterioration of the structural surface by acids which is one of the major factors driving the acid-proof lining industry growth. Acid-proof lining materials have a high density and protect the steel against corrosion, which makes it highly recommendable in metal manufacturing. Acid-proof lining materials are resistant to polymer chains and offer high resistance to abrasion, high compressive strength, water absorption, tensile strength, flexural strength which makes them ideal for various end-use industries such as oil & gas, and in turn, is driving the acid proof lining market.

COVID-19 impact

In the tragedy of COVID-19, most of the countries have gone under lockdown, due to which the manufacturing continuity has been at standstill including Oil & Gas sector and this hampered the acid-proof lining industry growth too. Acid-proof linings are used in the oil & gas industry to provide corrosion protection to the steel structure. However, the stopped production in refineries is hampering the market growth. According to the US Energy Information Administration (EIA), Natural gas production from in the U.S. regions fell by 316 MMcf/d from March to April 2021. According to BP static, Global oil production fell by 60,000 barrels per day in 2019 which was more than offset by a decline in Organization of the Petroleum Exporting Countries (OPEC) production, led by the USA, (-2 million b/d), Iran (-1.3 million b/d) Venezuela (-560,000 b/d) and Saudi Arabia (-430,000 b/d). However, the global acid-proof lining materials demand was hugely affected in terms of consumption due to the less production in the oil refineries which is limiting the market growth.

Acid Proof Lining Market Analysis – By Product Type

Carbon brick lining held the largest share of more than 30% in the acid-proof lining market in 2021. Carbon bricks are highly resistant to polymer chains such as strong acids & alkali, salts, and as well solvents. Carbon brick lining can withstand high temperatures & thermal shock associated with vessels and is widely used in corrosive environments with acid attacks. Carbon brick lining is made from high-quality carbon-containing materials which are shaped under high pressure that helps to provide high mechanical strength. Due to this, carbon brick lining is the ideal solution for numerous areas of the chemical industry for the lining of baths, the lining of chambers, and towers in chemical plants. Thus, the growing chemical production is required carbon brick linings for better productivity in a corrosive environment. According to the American Chemistry Council (ACC), total chemical production volume excluding pharmaceuticals is expected to grow by 3.9% in 2021 and 2.7% in 2022. The basic chemicals production is projected to reach 5.05% in 2021 and 3.2% in 2022. Carbon brick lining is also used for reaction vessels as well as corrosion-resistant masonry construction and floor coverings which will further drive the acid-proof lining industry.

For More Information About Acid Proof Lining Market @

https://www.industryarc.com/Research/Acid-Proof-Lining-Market-Research-504414

Report Price: $ 4500 (Single User License)

Acid Proof Lining Market Analysis – By Form

Water-Based held the largest share of more than 45% in the acid-proof lining market in 2021. Water-based acid-proof coating such as epoxy lining is applied to damp concrete and is easy to clean, thus it is widely used on floors and walls. The water-based acid-proof lining features various properties such as excellent adhesion with concrete, wear resistance which makes them an ideal solution for vessels, tanks, and floorings. The acid-proof lining helps in increasing the durability of the structural surface in plants; thus, it is used in various industrial sectors such as construction and oil & gas. According to India Brand Equity Foundation (IBEF), oil production is expected to rise 36 billion cubic meters (bcm) in 2021. According to the International Monetary Fund (IMF), the crude oil production in United Arabia Emited was 2.78 million barrels per day and is expected to grow 2.85 million barrels per day in 2021 and 2.95 million barrels per day in 2022. Hence, the growing consumption of water-based acid-proof lining is expected to propel the acid-proof lining industry growth.

Acid Proof Lining Market Analysis – By Application

Oil & gas held the largest share of more than 30% in the acid-proof lining market in the year 2021. Acid-proof lining offers excellent protection from corrosion with outstanding durability and high tensile strength. Acid-proof brick lining resistant to polymer chain which helps to provide corrosion protection for the tank, steel, and vessel structures. Thus, the growing oil & gas industry is estimated to fuel the demand for acid-proof linings. According to U.S. Energy Information Administration (EIA), in 2020, the United States’ natural gas production reached 34.4 trillion cubic feet (Tcf) and the global crude oil production will average 26.9 million b/d in 2021 and 28.7 million b/d in 2022. According to the U.S. Energy Information Administration (EIA), 13 offshore drilling projects could account for about 200,000 barrels per day (bpd) of total Gulf of Mexico crude oil production by 2022. Thus, the Gulf of Mexico (GOM), accounts for 15%–16% of crude oil production of the United States. Hence, GOM crude oil production is forecast to reach 1.71 million bpd in 2021 and 1.75 million bpd in 2022. Hence, the growing oil & gas industry is expected to propel the acid-proof lining industry growth.

Acid Proof Lining Market Analysis – By Geography

Asia Pacific region held the largest share of more than 40% in the acid proof lining market size in the year 2021, due to the increasing demand from various end-use industries such as oil 7 gas and pharmaceutical in Asian countries such as India and China are estimated to grow the demand for acid proof linings. According to the BP Statics, China’s oil production increased to 3901 barrels per day in 2020 from 3836 barrels per day in 2019. According to the U.S. Energy Information Administration, crude oil production in China increased to 4010 barrels per day in August from 3973 barrels per day in July of 2021. The total natural gas production is projected to contribute more than 40% in China by 2040. Additionally, according to the Oil & Natural Gas Corporation (ONGC), in India, crude oil production was 1788.92 TMT in 2020 which is 1.24% higher than in 2019. According to the Oil & Natural Gas Corporation (ONGC), in India, crude oil production was 1788.92 TMT in 2020, an increase of 1.24% as compared to 2019. Hence, these are hugely creating an opportunity for acid-proof lining industry growth in the region.

Direct Purchase @ https://www.industryarc.com/purchasereport.php?id=504414

Acid Proof Lining Market Drivers

Robust Growth in Oil & Gas Sector in North America

The acid-proof lining is used to provide an efficient and lasting effect against corrosion. The acid proof lining is mostly demanded in the market due to its fine finishing, sturdiness, durability, tensile strength, resistance to polymer chain such as acids, and less maintenance which is one of the major driving factors for market growth. According to Energy Shale Gas Production, the total natural gas production is projected to contribute 30% and more than 75% in Canada & Mexico, respectively by 2040. According to the US Energy Information Administration, in Mexico, crude oil production increased to 172,000 b/d in March 2021 from 983,000 b/d in February 2021. In 2020, United States natural gas production was about 34.4 trillion cubic feet (Tcf). Additionally. In the United States, residential, commercial, and industrial natural gas consumption is expected to reach 13.3 Bcf/d, 9.2 Bcf/d, and 23.8 Bcf/d, respectively in 2021, according to US Energy Information Administration (EIA). Hence, all such factors are expected to drive the growth of the oil and gas industry in North America, which is further expected to increase the demand for the acid-proof lining market.

Growing Demand of Acid Proof Linings in the Food Processing Industry

Acid-resistant tiles & bricks are widely used in food and beverages plants due to high chemical exposure in food processing plants. Acid-proof tiles and brick linings are used in food processing plants as they provide corrosion protection and offer higher tensile strength, excellent bonding, solvent resisting nature, and other properties. The acid-proof lining is used to protect the surface from corrosion in food processing plants. Thus, growth in the food industry is expected to augment the demand for the acid-proof lining. According to the National Investment Promotion Facilitation Agency, in India, the food processing sector is forecast to reach US$ 535 billion by 2025-2026. According to the United States Department of Agriculture, China’s food processing industry’s revenue grew 6.3% to $1.47 trillion in 2017 compared to 2016. In 2019, Japan’s food processing industry manufactured US$219.7 billion of food and beverage products as compared to US$216.8 billion in 2018. Hence, the globally increased food & beverages industry is estimated to boost the demand for acid-proof lining.

Acid Proof Lining Market Challenges

Increasing adoption of Rubber LiningsThe acid-proof lining is costly than rubber lining. As per IndiaMart, the price of acid-proof lining is on average 200 per square meter and the rubber lining price is 140 per square meter. The high cost is reducing the consumption of acid-proof lining. Rubber lining is used to coat exterior surfaces or the interior of containers such as tanks, pipes, and other vessels at a low cost. Rubber linings are protected from corrosion, substance contamination, ignition, and explosion more than the acid-proof lining. Rubber lining is used for tanks as they can withstand a tough chemical environment. Rubber lining reduces system shutdown costs when applied to tanks, pipes, and process equipment as compared to acid-proof lining; thus, it is also used in the steel, automotive, power generation, water treatment, and chemical industries, among others. This will further restraint the acid-proof lining industry.

Acid Proof Lining Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in this market. Acid Proof Lining top 10 companies include:

Axalta Coating Systems Limited

Hurner Funken GmbH

The Sherwin-Williams Company

BASF SE

Hempel Group

Ashland Global Holdings

Steuler-Kch GmbH, SGL Group

Jotun Chemicals Company

Atlas Minerals and Chemicals

Henkel Surface Technologies Corp., and more.

Key Takeaways

The Asia Pacific held the largest share in the acid-proof lining market owing to the growing investment in various end-use industries such as oil & gas, food & beverages, chemical, and construction sector.

According to the India Brand Equity Foundation (IBEF), the oil and gas industry is expected to attract US$ 25 billion investments in exploration and production by 2022.

Increasing adoption of acid-proof lining materials as they provide excellent corrosion protection and durability with excellent tensile strength is estimated to boost the consumption of the acid-proof lining market.

Additionally, Carbon brick lining is widely used for high-temperature vessels and corrosive environments with strong acid attacks which are increasing the demand for carbon brick linins, in turn, is growing the acid-proof lining market size.

Relevant Reports

Organic Acids Market 

https://www.industryarc.com/Report/16128/organic-acids-market.html

For more Chemicals and Materials Market reports, please click here

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting services.

Media Contact
Company Name: IndustryARC
Contact Person: Mr. Venkat Reddy
Email: Send Email
Phone: (+1) 970-236-3677
Address:Madhapur
City: Hyderabad
Country: India
Website: https://www.industryarc.com/

view more articles

About Article Author