Global acid proof lining market is expected to register a 2.25% CAGR over the forecast period.
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The global acid proof lining market is segmented into material type such as ceramic brick lining, carbon brick lining, tile lining, thermoplastics lining and fluoropolymer lining. Further, ceramic brick lining segment is expected to occupy the leading position in the market during the forecast period.
Ceramic brick lining segment is envisioned to grow on the back of increasing adoption of ceramic brick lining in chemical industries across the globe. Further, better heat stability and higher compression strength of ceramic brick lining is expected to enhance the growth of this segment over the forecast period.
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Further, acid proof lining is mainly adopted in areas where maximum chemical resistance is required such as thermal power stations and other industries. Acid proof lining can be used in containers, valves, and floors.
Additionally, increasing number of industries across the globe is a key factor which is envisioned to drive the growth of global acid proof lining market over the forecast period.
The chemical industries segment by end-user is likely to witness robust growth over the forecast period. Use of acid proof lining in flooring area, foundation and drain areas in chemical industries is a major factor which is predicted to drive the growth of this segment in near future.
Developing countries such as India, China and UAE are witnessing considerable industrialization. Further, rapid emergence of industries such as dyestuff, steel, thermal power stations, fertilizers, petro-chemicals, food-pharmaceuticals industries is envisioned to increase the demand for acid proof lining in near future.
Further, growing non-oil industries in United Arab Emirates is also predicted to foster the growth of global acid proof lining market in upcoming years.
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Wide Industrial Applications
The adoption of acid proof lining is increasing in various industries owing to need to increase the life of mechanical and chemical equipment, assemblies as well as buildings by preventing them from concentrated acids. Further, rising need of acid proof linings for protection against chemical abrasion in various industries is estimated to lead the growth of market in upcoming years.
However, high cost associated with covering industrial surfaces owing to high cost of acid proof linings such as carbon brick lining and presence of low cost alternatives such as rubber coating/lining system are some of the factors that are likely to limit the growth of the acid proof lining market in the near future.
The report titled “Acid Proof Lining Market: Global Demand Analysis & Opportunity Outlook 2021” delivers detailed overview of the global acid proof lining market in terms of market segmentation by material type, by end-user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global acid proof lining market which includes company profiling of Ashland Inc., Polycorp Limited, STEULER-KCH GmbH, The STEBBINS Engineering and Manufacturing Company, The Sherwin-Williams Company, BASF, Koch Chemical Technology Group, Lanexis Enterprises (P) Ltd., ZEOCHEM ANTICORR and Wisdom Group. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments.
On the whole, the report depicts detailed overview of the global acid proof lining market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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