The anti-corrosion coatings market is estimated to reach $32.5 billion by 2024 at a compound annual growth rate (CAGR) of 4.0%.
Corrosion is a natural, although unwanted, process. During this process a material, most often a metal, reacts with the environment, particularly humidity and temperature. This phenomenon has been known for centuries, and we all encounter it in our daily life. From seasoning our cast-iron pans to greasing door hinges and bike chains, we all have experience with homemade anticorrosion coatings. A thin layer of grease prevents the surface of the cast-iron pan to react with moisture and oxygen, and prevents it from rusting (depending on your seasoning skills, of course).