The report on the Global Marine Coatings Market gives an estimation of the development of the market based on historical studies and also provides forecasts on the basis of comprehensive research. The report gives a complete market analysis for the forecasted period from 2020 to 2026. The market is divided into various segments with an in-depth outlook of the competitors and a listing of the profiled key players. The market size in terms of revenue (USD MN) is calculated and provided for the study period along with the dynamics of the market such as the drivers and the restraints.
Marine coatings are surface protectants used for commercial and military ships against fouling and corrosion. Marine coatings can be either epoxy based or polyurethane based. The commercially available varieties of marine coatings include anti-corrosive coatings, anti-fouling coatings, foul releasing, self-cleansing and self-polishing. They find application in coastal, containers, offshore vessels, deep sea boats and ice-breakers.
Epoxy based marine coatings are the leading segment in the global marine coatings market. They serve as strong anti-corrosives. However, self-cleansing and self- polishing marine coatings are expected to now come up. Coastal applications are the largest end-users of the global marine coatings market as attributed to dry-docking followed by deep sea applications.
The expansion of oil and gas market is one of the key factors driving the growth of the global marine coatings market. Moreover there is sustained demand of marine coatings from commercial and military ships for their surface repair and maintenance. However, consolidation of shipping companies is a serious market constraint. Besides, the fluctuating prices of oil and gas can result in an inconsistent growth of the market. Stringent environmental norms are also expected to hamper the market growth. But to battle this, companies are now coming up with metal-free eco-friendly marine coatings. This step can help the global marine coatings market overcome the persisting constraints.
Asia Pacific leads the global marine coatings market followed by Europe, Middle East & Africa and North America in the mentioned order. Huge numbers of new shipbuilding and dry-docking in Asia Pacific has made it the global leader of the marine coatings market.
The key players in global marine coatings market include:
- AkzoNobel NV
- Chugoku Marine Paints Ltd.
- Hempel A/S
- Jotun A/S
- KCC Corporation
- Kansai Paint Co. Ltd.
- Nippon Paint
- PPG Industries Inc.
- RPM International Inc.
- The Sherwin-Williams Company
SEGMENTATION IN THE REPORT:
Marine Coatings By Product Types:
- Anti-Corrosive Coatings
- Anti-Fouling Coatings
- Others
Marine Coatings By Chemistry:
- Epoxy Based
- Polyurethane Based
- Others
Marine Coatings By Geography:
- Asia Pacific
- North America
- Europe
- Latin America
- Middle East And Africa
The Global Marine Coatings Market has been exhibited in detail in the following chapters -
Chapter 1 Marine Coatings Market Preface
Chapter 2 Executive Summary
Chapter 3 Marine Coatings Industry Analysis
Chapter 4 Marine Coatings Market Value Chain Analysis
Chapter 5 Marine Coatings Market Analysis By Product Types
Chapter 6 Marine Coatings Market Analysis By Chemistry
Chapter 7 Marine Coatings Market Analysis By Geography
Chapter 8 Competitive Landscape Of Marine Coatings Companies
Chapter 9 Company Profiles Of Marine Coatings Industry