CUI and SOI Coatings Market Analysis, Size, Current Scenario and Future Prospects by 2027
Corrosion Under Insulation (CUI) & Spray-on Insulation (SOI) Coatings Market Overview Corrosion under insulation (CUI) and spray-on insulation coatings (SOIC) are two related markets that serve the purpose of protecting assets from the damaging effects of corrosion. CUI occurs when insulation materials trap moisture and other corrosive agents against the underlying metal substrate, causing it to deteriorate over time. SOIC, on the other hand, is a type of protective coating that is sprayed onto surfaces to prevent corrosion and provide insulation. The global CUI & SOI coatings market size is projected to grow from USD 1.9 billion in 2022 to USD 2.3 billion by 2027, at a CAGR of 4.7%. The market is driven by the increasing need to protect assets in the oil and gas, chemical processing, and power generation industries from corrosion, as well as the development of new materials and technologies for CUI prevention. The market is driven by the growing demand for en...