Marine Coatings Market : Global Industry Analysis and Forecast 2016 - 2022

Marine Coatings Market : Global Industry Analysis and
Forecast 2016 - 2022
Persistence Market Research
Marine Coatings Market : Global Industry
Analysis and Forecast 2016 - 2022
Persistence Market Research
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Marine Coatings Market : Global Industry Analysis and
Forecast 2016 - 2022
Persistence Market Research Released New Market Report on “Marine Coatings Market :
Global Industry Analysis and Forecast 2016 - 2022”.
Marine coatings are the protective coatings applied on the surface of the ships, cruises, vessels,
yachts and other offshore structures (oil rigs, bridges) exposed to the sea water and corrosive
conditions. The marine coatings are applied on the above mentioned surfaces to protect against
corrosion, fouling and slimes thus increasing the durability and life of the marine vessels and
offshore structures. The need for dry-docking of vessels subsequently, new ship building
activities and the growth in offshore drilling is propelling the growth of global marine coatings
market. The shipping trade is also growing globally, which is one positive factor for the growth of
global marine coatings market. The demand for VOC free and environment friendly marine
coatings among the customers are gaining popularity, hence new trends are being employed by
marine coatings manufacture to achieve this specifications of consumers and to comply with
government norms. The global marine coatings market is expected to project a healthy CAGR
over the period of forecast.
The global marine coatings market is expected to show a healthy growth, and the key driving
factors responsible for the growth of marine coatings market are, the growth in the world trade,
awareness among the consumers about hull protection, fuel efficiency of the vessel and the
expansion of oil and gas sector in the off shore regions, new ship building facilities and the drydocking activities tends to drive the market for marine coatings globally. The popularity of yacht
and cruise ships among the people for leisure time is also contributing to the growth of marine
coatings market. Somehow, the regulatory norms applied by the government for the use of
VOC’s based marine coatings might pose as a restraint for the growth of global marine coatings
market. To overcome the environmental restrains new technologies are being adopted by the
manufacturers like more water based and less VOC’s content in the marine coatings which are
trending in the global marine coatings market among the consumers. Faster drying marine
coatings are also finding its popularity in the market.
Persistence Market Research
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Marine Coatings Market : Global Industry Analysis and
Forecast 2016 - 2022
On the basis of chemical base, the global marine coatings market is divided into:
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Epoxy based coatings
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Polyurethane based coatings
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Water based & low VOC’s based coatings
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On the basis of product type, global marine coatings market is divided into:
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Anti-Fouling
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Anti-Corrosive
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Slime release
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Foul releasing
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Others (barrier coatings, cargo tank coatings)
On the basis of application, global marine coatings market is divided into:
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Ships
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Shipyards
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Offshore civil structures
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Yachts
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Container vessels
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Others (cruise liners)
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Marine Coatings Market : Global Industry Analysis and
Forecast 2016 - 2022
The global marine coatings market has been divided into seven key geographical regions which
includes North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and
Middle East & Africa. The North American market for marine coatings is showing a slow-moving
growth because of the small size of the marine industry in the region. The market for marine
coatings in the Europe region is just above North American market in terms of market growth
but with a slower rate. The APEJ marine coatings market is currently dominating in the global
marine market and will pose a healthy growth rate over the forecast period. In the APEJ region,
the consumption of marine coatings has shown an incredible growth with China on the top of the
list in terms of consumption in the APEJ region and globally which is mainly because of the
growth in new ship building activities, maintenance and dry-docking activities in the region.
South Korea marine coatings market is trailing behind China. Japan marine coatings market is
in the third position in terms of market share. There has been an increase in the number of ship
owners in Singapore which is expected to propel the market for marine coatings in the APEJ
region. The Indian market is also expected to emerge as a strong contender in the marine
coatings market in the forecast period. Overall, the global marine coatings market is foreseen to
register a healthy single digit CAGR.
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Some of the major players identified in the global marine coatings market include Akzo Nobel
N.V, PPG Industries, Inc., The Sherwin-Williams Company, Axalta Coating Systems, LLC,
BASF, KANSAI PAINT CO.,Ltd, Nippon Paint Marine Coatings Co. Ltd, PPG Asian Paints
Private Limited, Jotun, Hempel Foundation, Mascoat, Comex, KCC corporation, Chugoku
Marine Paints, Ltd, National Paints Factories Co. Ltd
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Marine Coatings Market : Global Industry Analysis and
Forecast 2016 - 2022
The research report presents a comprehensive assessment of the market and contains
thoughtful insights, facts, historical data, and statistically supported and industry-validated
market data. It also contains projections using a suitable set of assumptions and methodologies.
The research report provides analysis and information according to categories such as market
segments, geographies, types, technology and applications.
The report covers exhaustive analysis on:
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Marine Coatings Market Segments
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Marine Coatings Market Dynamics
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Historical Actual Market Size, 2012 - 2014
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Marine Coatings Market Size & Forecast 2015 to 2025
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Supply & Demand Value Chain
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Marine Coatings Market Current Trends/Issues/Challenges
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Competition & Companies involved
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Technology
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Value Chain
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Marine Coatings Market Drivers and Restraints
Regional analysis for Marine Coatings Market includes
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North America
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Latin America
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Europe
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Asia Pacific & Japan
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The Middle East and Africa
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Marine Coatings Market : Global Industry Analysis and
Forecast 2016 - 2022
Report Highlights:
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Shifting Industry dynamics
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In-depth market segmentation
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Historical, current and projected industry size Recent industry trends
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Key Competition landscape
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Strategies of key players and product offerings
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Potential and niche segments/regions exhibiting promising growth
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A neutral perspective towards market performance
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Marine Coatings Market : Global Industry Analysis and
Forecast 2016 - 2022
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