Marine Coatings Market Size, Share, Analysis Report

Marine Coatings Market By Application (Passenger Ships, Cargo Ships, Boats); By Chemical Base (Alkyd, Polyurethane, Epoxy); By Product Type (Foul Release, Anti-Fouling, Anti-Corrosion) and by Regional Analysis - Global Forecast by

The Marine Coatings Market is expected to be around US$ 14.20 Billion by 2027 at a CAGR of 6% in the given forecast period.

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MARKET SNAPSHOT

Major Players

  • AkzoNobel
  • PPG
  • Jotun
  • Hempel
  • Study period:

    2022-2027

    Base Year:

    2021

    CAGR:

    6

    Fastest Growing Market:

    APAC

    Largest Market:

    North America

    REPORT DESCRIPTION

    Marine coatings are used in the protection of vessels and structures in harsh and diverse environmental conditions such as saltwater immersion, salt fog, extremes of temperature, ultraviolet radiation exposure, humidity, physical impact from wave action, biological fouling (barnacles), etc.

    How Big is The Global Marine Coatings Market?

    The Marine Coatings Market is expected to be around US$ 14.20 Billion by 2027 at a CAGR of 6% in the given forecast period.

    The major driving factors of Marine Coatings Market are as follows:

    • Rising Asia Pacific industry
    • Increasing ship repairing and overhaul demand
    • Growing would like for low fuel consumption and low emission coatings

    The Marine Coatings Market has been segmented as below:

    By Application:

    • Passenger Ships
    • Cargo Ships
    • Boats
    • Others (Offshore Vessels, Service Ships, and Tugs)

    By Chemical Base:

    • Alkyd
    • Polyurethane
    • Epoxy
    • Others (Acrylic, Polyester, and Fluoropolymer)

    By Product Type:

    • Foul Release
    • Anti-Fouling
    • Anti-Corrosion
    • Others

    By Regional Analysis:

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    The Marine Coatings Market is segmented on the lines of its resin, product, application and regional. Based on resin it covers Epoxy, Alkyd, Polyurethane and Others. Based on product it covers anti-corrosion coatings, antifouling coatings, and others. Based on application it covers cargo ships, passenger ships, boats, and others. The Marine Coatings Market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

    This report provides:
    1) An overview of the global market for Marine Coatings Market and related technologies.
    2) Analyses of global market trends, with data from 2019, estimates for 2020 and 2021, and projections of compound annual growth rates (CAGRs) through 2027.
    3) Identifications of new market opportunities and targeted promotional plans for Marine Coatings Market

    4) Discussion of research and development, and the demand for new products and new applications.
    5) Comprehensive company profiles of major players in the industry. 

    Report scope:

    The scope of the report includes a detailed study of Marine Coatings Market with the reasons given for variations in the growth of the industry in certain regions.

    The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report AkzoNobel, PPG, Jotun, and Hempel. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
    The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.

    Reasons to Buy this Report:

    1) Obtain the most up to date information available on all Marine Coatings Market.

    2) Identify growth segments and opportunities in the industry.

    3) Facilitate decision making on the basis of strong historic and forecast of Marine Coatings Market.

    4) Assess your competitor’s refining portfolio and its evolution.

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    1.    Introduction
        1.1    Key Findings
        1.2    Report Description
        1.3    Markets Covered
        1.4    Stakeholders

    2.    Research Methodology
        2.1    Research Data
            2.1.1    Secondary Data
                2.1.1.1    Secondary Sources    
            2.1.2      Primary Data
                2.1.2.1    Primary Sources
                2.1.2.2    Key Industry Insights
        2.2    Market Size Estimation
            2.2.1    Bottom-Up Approach
            2.2.2    Top-Down Approach
        2.3    Market Breakdown and Data Triangulation
        2.4    Market Share Estimation
        2.5    Research Assumptions and Limitations

    3.    Report Summary

    4.    Market Overview
        4.1    Introduction
        4.2    Drivers
            4.2.1    Rising Asia Pacific industry
            4.2.2    Increasing ship repairing and overhaul demand
            4.2.3    Growing would like for low fuel consumption and low emission coatings

    5.    Industry Trends
        5.1    Introduction
        5.2    Value Chain Analysis
        5.3    Porter’s Five Forces Analysis

    6.    Premium Insights
        6.1    Marine Coatings Market Analysis, By Resin
        6.2    Marine Coatings Market Analysis, By Product Type
        6.3    Marine Coatings Market Analysis, By Application
        6.4    Marine Coatings Market Analysis, By Region

    7.   By Application
        7.1    Passenger Ships
        7.2    Cargo Ships
        7.3    Boats
        7.4    Others (Offshore Vessels, Service Ships, and Tugs)

    8.   By Chemical Base
        8.1    Alkyd
        8.2    Polyurethane
        8.3    Epoxy
        8.4    Others (Acrylic, Polyester, and Fluoropolymer)

    9.   By Product Type
        9.1    Foul Release
        9.2    Anti-Fouling
        9.3    Anti-Corrosion
        9.4    Others

    10.     Marine Coatings Market Analysis, By Region
        10.1    North America
        10.2    Europe
        10.3    Asia-Pacific
        10.4    Rest of the World

    11.     Competitive Overview
        11.1    Introduction
        11.2    New Product Launches
        11.3    Acquisitions
        11.4    Agreements, Partnerships, And Collaborations
        11.5    Expansions

    12.     Company Profiles
        12.1    PPG Industries
        12.2    Akzonobel
        12.3    Sherwin-Williams
        12.4    Hempel
        12.5    Jotun
        12.6    Chugoku Marine Paints
        12.7    Nippon Paint
        12.8    Axalta
        12.9    BASF Coatings
        12.10    Kansai Paint

    The Marine Coatings Market has been segmented as below:

    By Application:

    • Passenger Ships
    • Cargo Ships
    • Boats
    • Others (Offshore Vessels, Service Ships, and Tugs)

    By Chemical Base:

    • Alkyd
    • Polyurethane
    • Epoxy
    • Others (Acrylic, Polyester, and Fluoropolymer)

    By Product Type:

    • Foul Release
    • Anti-Fouling
    • Anti-Corrosion
    • Others

    By Regional Analysis:

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

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    The market is expected to grow at a CAGR of 6% during the study period (2022-2027
    The Marine Coatings Market is expected to be around US$ 13.20 Billion by 2027
    The segment included in the Marine Coatings Market is Application, Chemical Base, Product Type and Region.
    Some key players operating in the Marine Coatings Market include AkzoNobel, PPG, Jotun, and Hempel
    We can offer several formats of the market research reports including, • PDF • PPT • Spreadsheet/ Workbook

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