The CUI & SOI coatings market is projected to grow from USD 1.9 billion in 2022 to USD 2.3 billion by 2027, at a CAGR of 4.7%, between 2022 and 2027. CUI & SOI coatings are used for protecting metal, and other components from degradation caused by moisture, oxidation, and exposure to chemicals and saltwater. In this report, CUI & SOI coatings cover acrylic, epoxy, and silicone CUI coatings. The demand for CUI & SOI coatings is increasing in the marine; oil & gas, and petrochemical; energy & power, and other industries. These CUI & SOI coatings are applied to substrates exposed to highly corrosive environments.
The CUI & SOI coatings market in APAC is projected to register the highest CAGR, in terms of value, between 2022 and 2027. This growth is attributed to the growing petrochemical, oil & gas, marine, energy & power industries. The high growth of emerging economies in the region makes APAC an attractive market for CUI & SOI coatings manufacturers. In addition, the growing industrial activities, investments, and labor costs in these countries are the main drivers for the CUI & SOI coatings market.
