Marine Coatings Market report is an in-depth study on how the current state is for Marine Coatings Market which is affecting the Chemical and Materials Industry as a whole. This report provides a deep understanding of the Marine Coatings Market. It includes market definition, classifications, applications and for most important the industry chain structure along with market trends. Marine Coatings Market analysis is provided for global markets including competitive landscape analysis by regions developments status.
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Top Key Competitors:
- PPG Industries
- AkzoNobel
- Hempel
- Sherwin-Williams
- Jotun
- Chugoku Marine Paints
- Nippon Paint
- Kansai Paint
- Axalta
- BASF Coatings
- ACA
- Netherlands Maritime Technology
- Coating & Paint.com
- UAE Ports & Shipping Directory
- International Paint Marine
- Among others
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Report Analysis:
The Global Marine Coatings Market is expected to reach USD 12.68 billion by 2025, from USD 8.29 billion in 2017 growing at a CAGR of 5.4% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2016 and the forecast period is 2018 to 2025.
Report Definition:
This market report defines the market trends and forecast the upcoming opportunities and threats of global marine coatings market in the next 8 years. Marine coatings are protective coating mostly used in marine environment to protect ships, vessels, tankers etc. The main purpose of using marine coating is to provide superior protection from corrosion and abrasion to the surfaces to which it is applied. There are four types of marine coating such as anti-fouling coatings, anti-corrosion coatings, foul release coatings, self-cleaning and self-polishing coatings.
In Jul 2017,Eclora, started the new series of non-toxic & anti-fouling grapheme enhanced marine coatings in order to control the growth of marine organisms and reduce fuel consumption of vessels.
In Oct 2017, Hempel launched two new premium antifouling coatings – Globic 9500M and Globic 9500S for the reduction in speed loss, fuel savings of 2.5%, along with the reduction in CO2 emissions and also to improve the operational efficiency of a vessel. They are now focusing on developing antifouling coatings. It will affect to decrease maintenance costs and increase vessel efficiency.
Major Market Drivers and Restraints:
- Increasing shipbuilding activities in Asia Pacific
- New upcoming shipbuilding projects and plans
- Growing in reduction in fuel consumption
- Increased in environmental regulation
- Fluctuating raw material prices
Report Segmentation:
Based on the product type:
- Anti-Corrosion Coatings
- Antifouling Coatings
On the basis of resin:
- Epoxy
- Alkyd
- Polyurethane
- Others
On the basis of application:
- Cargo Ships
- Passenger Ships
- Boats
- Others
Based on geography:
- North America
- South America
- Europe
- Asia-Pacific
- Middle East & Africa
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
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Competitive Analysis:
The global marine coatings market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of marine coatings market for global, Europe, North America, Asia Pacific and South America.
Table of Contents:
1. Introduction
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. Global, By Component
7. Product Type
8. Delivery
9. Industry Type
10. Geography
10.1. Overview
10.2. North America
10.3. Europe
10.4. Asia-Pacific
10.5. South America
10.6. Middle East & Africa
11. Company Landscape
12. Company Profiles
13. Related Reports
Report synopsis
- Comprehensive quantitative analysis of the industry is provided for the period of 2018-2025 to assist stakeholders to capitalize on the prevailing market opportunities.
- Comprehensive analysis of the factors that drive and restrict the market growth is provided in the report.
- Comprehensive quantitative analysis of the industry is provided for the period of 2018-2025 to assist stakeholders to capitalize on the prevailing market opportunities.
- Extensive analysis of the key segments of the industry helps in understanding the trends in types of Marine Coatings Market across Global.
- To get a comprehensive overview of the Global Marine Coatings Market.
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