Acid Resistant Lining Materials Market - Forecast(2022 - 2027)

Report Code: CMR 1424 Report Format: PDF + Excel

Acid Resistant Lining Materials Market Overview

Acid Resistant Lining Materials Market is forecast to reach $6.4 billion by 2026, after growing at a CAGR of 5% during 2021-2026 due to increasing demand from various applications such as metal processing (steel and aluminum), petrochemical and refineries, construction, food processing plants, pharmaceutical plants, and others. Industrial surfaces require protection against deterioration due to mechanical, chemical, and thermal load thus acid-resistant lining (also called acid-proof lining) is used inside the surface where chemical resistance is required. Acid-resistant lining materials type such as carbon brick lining is generally used on chemicals processing floors, where it is bedded and jointed with acid-proof chemicals. Acid-resistant brick lining materials are excellent durable and cost-efficient which provide corrosion protection to processing plants. Acid-resistant lining materials consist of 10 mil polytetrafluoroethylene sheets and Pecora mastic which is trowelled onto the steel surface. Therefore, this protects concrete, plastic piping, and steel structures against strong acids which is estimated to increase the demand for acid-resistant lining materials during the projected era. 

Impact of COVID – 19

The tragedy of COVID-19, which is declared as a pandemic by the World Health Organization, is having a noticeable impact on global economic growth. This has affected the demand and supply chain as well, thereby limiting the market growth. Due to the COVID-19 pandemic, the consumption of acid-resistant lining materials in the various sector has decreased. 

Acid Resistant Lining Materials Market Report Coverage

The reportAcid Resistant Lining Materials Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the acid-resistant lining materials.

By Type: Tile Lining, Carbon Brick Lining, Epoxy Lining, Ceramic Brick Lining, Polyvinyl Chloride Lining, Polyurethane Lining, Mastic Lining, and Others
By Application: Food & Beverage Plants, Oil & Gas Refineries, Power Generation, Pharmaceutical Plants, Metal Processing, Chemicals, Fertilizer Plants, Construction, and Others
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Spain, Netherlands, Russia, Belgium, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia & New Zealand, Indonesia, Taiwan, Malaysia, and Rest of Asia Pacific), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and RoW (Middle East and Africa)

Key Takeaways

  • Asia-Pacific dominates the acid-resistant lining materials market due to the increasing demand from various end-use industries such as food & beverage processing, metal processing, construction, chemicals, and others in emerging and developing Asian countries.
  • Increasing adoption of acid-resistant lining materials consist of polytetrafluoroethylene sheets and Pecora mastic on steel structure as they provide excellent corrosion protection and durability at low cost is estimated to boost the consumption of the acid-resistant lining materials market.
  • Additionally, the consumption of carbon brick lining for high-temperature vessels and corrosive environments with strong acid attacks is increasing. Also, ceramic bricks lining is used in masonry capital walls, which are projected to grow market size.

Figure: APAC Acid Resistant Lining Materials Market, 2021-2026 (US$ Billion)

 

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Acid Resistant Lining Materials Market Segment Analysis – By Type

Carbon brick lining has dominated the global acid-resistant lining materials market in 2020. Carbon brick lining is made from high-quality carbon-containing materials which are shaped under high pressure that helps to provide high mechanical strength. Carbon brick lining is acid-resistant material that is used in chemical-resistant. Carbon bricks are highly resistant to strong acids, alkali, salts, and as well solvents. Hence, these are varying in temperatures and concentrations. Thus, the carbon brick lining materials are estimated to grow the acid-resistant lining materials market size during the projected era.

Acid Resistant Lining Materials Market Segment Analysis – By Application

Oil & gas refineries have dominated the global acid-resistant lining materials market in 2020 followed by metal processing and is growing at a CAGR of 5.2% during 2021-2026 due to increasing consumption of acid-resistant lining materials as they provide excellent protection from corrosion with outstanding durability. Containment vessels and tanks are made from materials such as concrete, steel, and others that require protection from strong acid chemicals and corrosion. Thus, acid-resistant brick lining material provides thermal, mechanical, and chemical protection for the tank, steel, and vessel structures as they consist of polytetrafluoroethylene sheets and Pecora mastic for the protection of steel structures. Thus, increasing drilling activities in petrochemical refineries are estimated to grow the demand for acid-resistant lining materials. 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. Apart from this, according to the World Steel Association, Ministry of Steel, India is the world’s second-largest producer of crude steel with 111.2 million tonnes in 2019. Hence, such factors are estimated to increase the demand for acid-resistant lining materials.

Acid Resistant Lining Materials Market Segment Analysis – By Geography

Asia Pacific dominated the global acid-resistant lining materials market with more than the share of 32% in 2020 followed by North America due to growing food & beverages processing plant, chemicals, metal processing plant, petrochemical refineries, fertilizer plants, and other processing plants in the region. According to the U.S. Energy Information Administration, 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. Therefore, according to the India Brand Equity Foundation (IBEF), oil production is expected to rise 36 billion cubic meters (bcm) in 2021. Furthermore, according to the Department for Promotion of Industry and Internal Trade (DPI), the Indian metallurgical industries attracted Foreign Direct Investment (FDI) to the tune of US$ 14.22 billion in the period April 2000-June 2020. Apart from this, 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. Hence, the growing various industry is estimated to grow the demand for acid-resistant lining materials.

Acid Resistant Lining Materials Market Drivers

Robust Growth in Oil & Gas Sector in North America

Acid resistant lining materials consist a thin layer of polytetrafluoroethylene sheets and Pecora mastic on steel structure that are free from dirt, rust, and other. Thus, acid-resistant lining materials provide pipeline protection chemicals, strong acids, solvents, corrosion, and others. For the existing pipelines, the petrochemical companies are installing acid-resistant lining coating materials types such as carbon brick lining, epoxy lining, ceramic brick lining, and others that reduce future damage. Thus, increasing investment in the oil & gas industry in North America is estimated to grow the consumption of these materials. According to U.S. Energy Information Administration (EIA) in 2020, United States natural gas production was about 34.4 trillion cubic feet (Tcf). 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. Additionally, 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. Furthermore, according to U.S. Energy Information Administration (EIA), crude oil production is expected to rise on average 11.1 million b/d in 2021 and 12.0 million b/d in 2022. Hence, 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 EIA. Furthermore, electric power generated with natural gas is expected to average 36% in 2021 and 35% in 2022. 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-resistant lining materials market.

Growing Food Processing Industry in Asia Pacific Region is Estimated to Grow the Consumption of Acid Resistant Lining Materials

Acid-resistant tiles and brick lining materials are used in food processing industries due to maximum exposure to chemicals and thus they require chemical resistance. Acid-resistant lining material consists of high strength, excellent bonding, solvent resisting nature, and other properties. Thus, the increasing food industry is estimated to boost the market size. According to the National Investment Promotion Facilitation Agency, in India, the food processing sector is forecast to reach US$ 535 billion by 2025-2026. Furthermore, 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. Additionally, 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 growing food processing sector is estimated to boost the demand for acid-resistant lining materials.

Acid Resistant Lining Materials Market Challenges

Slightly More Expensive

Acid-resistant lining materials are more expensive lining materials as they provide long life to vessels and tanks. For example, in India, the average market price of Acid Resistant Lining is INR 1,800 per square meter. Brick acid-resistant lining material is more expensive than castable acid resistant lining material as each brick is individually installed. Brick acid resistant lining materials do not require anchors and provide durability, thus it is more costly than other lining materials. Thus, high cost of brick linings may hamper the acid-resistant lining materials market growth. 

Acid Resistant Lining Materials Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the acid-resistant lining materials market. Major players in the Acid Resistant Lining Materials Market include:

1. Crescent PPG Lining Pvt Ltd
2. Khodiyar Ceramics India Pvt. Ltd.
3. Dominion E&C, Koch Knight LLC
4. Atlas Minerals & Chemicals
5. ARCOY Industries Pvt. Ltd., 
6. Chemiprotect Engineers
7. Steuler Holding GmbH
8. The Belden Brick Company
9. T. F. Warren Group
10. ACCS Ltd., and more.

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1. Acid Resistant Lining Materials Market- Market Overview
    1.1 Definitions and Scope 
2. Acid Resistant Lining Materials Market - Executive Summary
    2.1 Key Trends by Type
    2.2 Key Trends by Application
    2.3 Key Trends by Geography
3. Acid Resistant Lining Materials Market – Comparative analysis 
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Acid Resistant Lining Materials Market - Startup companies Scenario Premium Premium 
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Acid Resistant Lining Materials Market – Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview
    .2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Acid Resistant Lining Materials Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes 
7. Acid Resistant Lining Materials Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies 
8. Acid Resistant Lining Materials Market – By Type (Market Size -$Million/Billion)
    8.1 Tile Lining
    8.2 Carbon Brick Lining
    8.3 Epoxy Lining
    8.4 Ceramic Brick Lining
    8.5 Polyvinyl Chloride Lining
    8.6 Polyurethane Lining
    8.7 Mastic Lining
    8.8 Others
9. Acid Resistant Lining Materials Market – By Application (Market Size -$Million/Billion)
    9.1 Food & Beverage Plants
    9.2 Oil & Gas Refineries
    9.3 Power Generation
    9.4 Pharmaceutical Plants
    9.5 Metal Processing
    9.6 Chemicals
    9.7 Fertilizer Plants
    9.8 Construction
    9.9 Others
10. Acid Resistant Lining Materials Market - By Geography (Market Size -$Million/Billion)
    10.1 North America
        10.1.1 USA
        10.1.2 Canada
        10.1.3 Mexico
    10.2 Asia-Pacific
        10.2.1 China
        10.2.2 Japan
        10.2.3 India
        10.2.4 South Korea
        10.2.5 Australia and New Zeeland
        10.2.6 Indonesia
        10.2.7 Taiwan
        10.2.8 Malaysia
        10.2.9 Rest of APAC
    10.3 Europe
        10.3.1 UK
        10.3.2 Germany
        10.3.3 France
        10.3.4 Italy
        10.3.5 Netherlands
        10.3.6 Spain
        10.3.7 Russia
        10.3.8 Belgium
        10.3.9 Rest of Europe
    10.4 South America
        10.4.1 Brazil
        10.4.2 Argentina
        10.4.3 Colombia
        10.4.4 Chile
        10.4.5 Rest of South America
    10.5 Rest of the World
        10.5.1 Middle East
            10.5.1.1 audi Arabia
            10.5.1.2 UAE
            10.5.1.3 Israel
            10.5.1.4 Rest of the Middle East
        10.5.2 Africa
            10.5.2.1 South Africa
            10.5.2.2 Nigeria
            10.5.2.3 Rest of Africa
11. Acid Resistant Lining Materials Market – Entropy
    11.1 New Product Launches
    11.2 M&As, Collaborations, JVs and Partnerships
12. Acid Resistant Lining Materials Market – Industry/Segment Competition Landscape Premium
    12.1 Market Share at Global Level - Major companies
    12.2 Market Share by Key Region - Major companies
    12.3 Market Share by Key Country - Major companies
    12.4 Market Share by Key Application - Major companies
    12.5 Market Share by Key Product Type/Product category - Major companies
    12.6 Company Benchmarking Matrix - Major companies
13. Acid Resistant Lining Materials Market – Key Company List by Country Premium Premium
14. Acid Resistant Lining Materials Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    14.1 Company 1
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"