Market Dynamics and Forecast for Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings
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. Corrosion Under Insulation (CUI) and Spray-on Insulation (SOI) Coatings are industries that address corrosion and insulation issues. CUI coatings prevent corrosion under insulation, while SOI coatings provide thermal insulation. CUI coatings serve industries like oil and gas, chemical processing, power generation, marine and shipbuil...