The growth of solar and wind energy in Spain is driving demand for sustainable materials like liners and padding used in installations and infrastructure projects. This trend is expected to help industries meet strict regulations on chemical use, fire resistance, and corrosion protection. Spanish padding manufacturers may also find new market opportunities in other European and African countries due to the rising production of renewable energy components.
NEWARK, DE / ACCESSWIRE / October 1, 2024 / The global lining market is poised to reach an estimated valuation of USD 4,975.8 million in 2024, with a steady growth trajectory projected at a CAGR of 4% from 2024 to 2034, culminating in a market size of USD 7,365.4 million by 2034. This growth is primarily driven by increasing infrastructure development activities across the globe, which are boosting the demand for advanced lining solutions. As industries such as construction, mining, and chemicals expand, the need for protective linings that enhance durability and resistance against abrasion, corrosion, and chemical exposure is on the rise, fueling the market's upward trend over the forecast period.
The lining industry is expected to experience steady growth in the second half of 2024 due to a strengthening economy, regulatory obligations, and increased investments in infrastructural projects. Advancements in materials science and manufacturing technology, such as nanotechnology and composite materials, have enhanced resistance against harsh chemicals, high temperatures, and mechanical stresses. Consumers are also increasingly seeking eco-friendly liner options, reducing carbon footprints and supporting a circular economy through recycling or re-use.
Sustainable materials are sought after for the ability to protect equipment, structures, and transport vessels from corrosion, abrasion, and chemical aggression. Factors like currency exchange rates and raw material prices influence production costs. The booming automotive industry in the Asia Pacific also drives the lining market for sound insulation and heat protection applications.
Key Growth Drivers
Infrastructure Development and Urbanization:
Rapid infrastructure development and urbanization, especially in emerging economies, are increasing the demand for lining materials in construction and industrial applications.
The expansion of water and wastewater treatment facilities is another contributing factor, as linings are widely used in these sectors to protect against chemical degradation.
Growing Awareness of Corrosion Protection:
Industries such as oil & gas, chemicals, and power generation are placing greater emphasis on asset integrity and maintenance, driving the demand for linings to protect against corrosion.
The high costs associated with equipment replacement and downtime due to corrosion are leading to increased investments in lining solutions.
Stringent Environmental and Safety Regulations:
Regulatory bodies are enforcing stringent standards for safety and environmental compliance, which is boosting the adoption of lining solutions in storage tanks, pipelines, and other equipment.
This trend is especially strong in the chemical and oil & gas industries, where protection against hazardous material leakage is a key concern.
Increased Focus on Sustainability:
The adoption of eco-friendly and low-VOC (volatile organic compounds) lining materials is gaining traction as companies and consumers become more environmentally conscious.
Sustainable linings made from renewable or recycled materials are also being developed to cater to this growing preference for greener solutions.
Latest Market Trends
Rising Adoption of Hybrid Linings:
Hybrid linings that combine multiple material properties (e.g., epoxy and polyurethane blends) are becoming popular for providing enhanced chemical and abrasion resistance.
These linings are increasingly used in industries with complex operational environments, such as mining and water treatment.
Increasing Demand for Linings in the Oil & Gas Industry:
The oil & gas industry remains one of the largest consumers of linings due to the need to protect pipelines, storage tanks, and offshore platforms from extreme environments and corrosive substances.
Recent oil & gas infrastructure expansions, especially in the Middle East and North America, are further boosting the demand for high-performance linings.
Growth in the Mining Sector:
The mining industry is witnessing increased investment in protective linings for mineral processing equipment, pipelines, and storage tanks, driven by the need to combat wear, abrasion, and chemical attack.
Innovations in wear-resistant linings are enabling longer equipment lifespans, reducing operational costs in mining operations.
Adoption of Linings in Water Treatment and Power Generation:
Water and wastewater treatment plants are investing in advanced lining systems to protect against corrosion and chemical exposure, ensuring longer service life of equipment.
In power generation, linings are used to protect cooling towers, chimneys, and flue gas desulfurization units from corrosion and high temperatures.
Key Takeaways from the Market Report
The lining market is set to reach USD 7365.4 million by 2034 with a CAGR of 4%.
By product type, polymer is leading the lining market with a value share of 70.1% in 2024.
Based on the end-use industry, the oil and gas segment accounted for a market share of 19.3% in 2024.
India is estimated to record a CAGR of 6% between 2034 and 2034.
China will likely hold a dominant position and show steady growth at a CAGR of 4.5% by 2034.
"The demand for lining materials is increasing due to ongoing economic activities, industrial expansion, and infrastructure development," Says Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).
Regional Analysis of the Lining Market
Countries |
CAGR 2024 to 2034 |
India |
6% |
China |
4.5% |
Spain |
3% |
France |
2.8% |
Italy |
2.6% |
Who's Winning?
Companies like Hempel A/S, Akzo Nobel N.V., Polycorp Ltd., and Teknos Group are developing lightweight linings for automotive or aeronautical applications. Players in the lining industry are focusing on green materials, creating high-class interiors with thermal insulation, chemical resistance, fire resistance, and self-sealing capabilities.
A few companies are offering customized items, competitive pricing, and sustainable practices to attract eco-conscious consumers. Regular investments in research and development are attracting new opportunities and refining existing models. Companies are also targeting various end-use industries and building brand recognition.
Access the Complete Report for a Comprehensive Overview! https://www.futuremarketinsights.com/reports/lining-market
Industry Updates
BioPak, headquartered in Bondi Junction, in June 2024, announced the launch of a single-use packaging lining that would revolutionize the home-compostable cup industry.
Bio-Gate AG, headquartered in Nuremberg, in May 2023, in collaboration with OSSIS Ltd., announced the launch of HyProtect Coating.
Leading Lining Brands
The Jotun Group
The Sherwin-Williams Company
Hempel A/S
Akzo Nobel N.V.
Polycorp Ltd.
Teknos Group
Ultimate Linings, Ltd.
Sauereisen, Inc.
Solvay SA
PPG Industries, Inc.
Get More Insights into the Lining Market Report
In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the lining market, providing historical data from 2019 to 2023 and forecast statistics for the period 2024 to 2034. To understand the industry potential, growth, and scope, the industry is segmented based on product type (polymer, rubber, ceramic, and carbon brick line, and tile lining), chemistry (solvent-borne, waterborne, and powder), end-use (marine, oil and gas, construction, power generation, chemical industry, automotive, mining and metal processing, and others), and region (North America, Latin America, Western Europe, South Asia, East Asia, Eastern Europe, and the Middle East and Africa).
About the Chemicals and Materials Division at Future Market Insights (FMI)
Thechemicals and materials division of Future Market Insights (FMI) offers a distinct and pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and renewable technology developments, and supply-demand-trade assessment. Our research studies serve as referencing industry guidelines for chemical manufacturers, research institutions, channel partners, and government bodies for developing - ‘The Way Forward'.
Authored By
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
Have a Look at Related Research Reports of Chemicals & Materials
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