Press release
Marine Coatings Market to grow at 7% CAGR from 2016 to 2024.
"Marine Coatings Market will reach USD 15 billion by the end of 2024 according to this new research report.”
The marine coatings market is also driven by the increasing needs for low fuel consumption which will further fuel the regular coatings demand. Consumption of fuel, covers approximately a half of the ship’s total operating cost and hence needs to be looked after efficiently to boost the marine coatings industry in the future years.
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Raw material price fluctuations such as copper, titanium dioxide, and oil derivatives will further slowdown the marine coatings market growth. Also, gap in demand and supply may further create hindrance for the market.
Based on the product, marine coatings market is segmented into anti-corrosion, anti-fouling, and foul release coatings as major categories. Used extensively in the overhauling and repairing activity, anti-fouling is also used during the building of new ships to resist the attachment and growth of marine organisms over the hull of the vessel as they end up hampering the performance and weakening body of the vessel. This segment holds a significant share in the marine coatings market and is likely to grow with a lucrative rate.
In 2015, the anti-corrosion coatings accounted in excess of USD 3 billion of the total marine coatings market and is likely to grow with a CAGR of over 6%. Continuous contact with saline water results in lower body corrosion of the vessel. Constant anti-corrosion coatings application helps prevent rusting and further enhances the life and productivity of the vessel.
Browse key industry insights from the report, “Marine Coatings market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/marine-coatings-market
On the basis of application, marine coatings market is segmented into containers, coastal, off shore vessels, leisure boats and deep sea vessels. The containers segment is likely to grow with a 7% CAGR and surpass USD 2.5 billion till the end of the forecast span. The coastal applications include coasters, defense ships, offshore supplies, passenger & cargo ferries, and fishing vessels mainly. In 2015, this segment accounted for over USD 3 billion and is likely to grow with a decent CAGR.
Asia Pacific is one of the most lucrative market for shipbuilding led by countries such as China, Japan and South Korea. Being a global leader in this sector, China accounts for over a third of the global shipbuilding industry. Asia Pacific region is likely to hold a significant share in the global marine coatings market owing to countries such as China, Philippines, South Korea, Taiwan and Japan. The market in Europe and North America will also showcase healthy gains owing to huge demand for leisure boats and naval ships.
Key players operating in the global marine coatings market include BASF, DuPont, AkzoNobel, Kansai Paint, Hempel, Jotun, PPG, RPM International, Nippon Paint, Chugoku, KCC Corp, and Sherwin-Williams to name some.
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Marine coatings market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons & revenue in USD million from 2013 to 2024, for the following segments:
Marine Coatings Market by Product
o Agriculture
o Ecological bioremediation
o Horticulture
o Dietary supplements
o Others
Marine Coatings Market by Application
o Agriculture
o Ecological bioremediation
o Horticulture
o Dietary supplements
o Others
o Hg
o hg
The above information is provided on a regional and country basis for the following:
o North America
§ U.S.
§ Canada
o Europe
§ Germany
§ UK
§ France
§ Spain
§ Italy
o Asia Pacific
§ China
§ India
§ Japan
§ Australia
§ Indonesia
§ Malaysia
o Latin America
§ Brazil
§ Mexico
o MEA
§ South Africa
§ GCC
Report Content:
Chapter 6 Marine Coatings Industry Regional Insights
6.1 Marine coatings market share by region, 2015 & 2024
6.2 North America
6.2.1 North America market estimates and forecast, 2013 - 2024
6.2.2 North America market estimates by product, 2013 - 2024
6.2.3 North America market estimates by application, 2013 - 2024
6.2.4 U.S.
6.2.4.1 U.S market estimates and forecast, 2013 - 2024
6.2.4.2 U.S. market estimates by product, 2013 - 2024
6.2.4.3 U.S. market estimates by application, 2013 - 2024
6.2.5 Canada
6.2.5.1 Canada market estimates and forecast, 2013 - 2024
6.2.5.2 Canada market estimates by product, 2013 - 2024
6.2.5.3 Canada market estimates by application, 2013 - 2024
6.3 Europe
6.3.1 Europe market estimates and forecast, 2013 - 2024
6.3.2 Europe market estimates by product, 2013 - 2024
6.3.3 Europe market estimates by application, 2013 - 2024
6.3.4 Germany
6.3.4.1 Germany market estimates and forecast, 2013 - 2024
6.3.4.2 Germany market estimates by product, 2013 - 2024
6.3.4.3 Germany market estimates by application, 2013 - 2024
6.3.5 UK
6.3.5.1 UK market estimates and forecast, 2013 - 2024
6.3.5.2 UK market estimates by product, 2013 - 2024
6.3.5.3 UK market estimates by application, 2013 – 2024
6.3.5 France
6.3.5.1 France market estimates and forecast, 2013 - 2024
6.3.5.2 France market estimates by product, 2013 - 2024
6.3.5.3 France market estimates by application, 2013 - 2024
6.3.5 Spain
6.3.5.1 Spain market estimates and forecast, 2013 - 2024
6.3.5.2 Spain market estimates by product, 2013 - 2024
6.3.5.3 Spain market estimates by application, 2013 - 2024
6.3.5 Italy
6.3.5.1 Italy market estimates and forecast, 2013 - 2024
6.3.5.2 Italy market estimates by product, 2013 - 2024
6.3.5.3 Italy market estimates by application, 2013 - 2024
6.4 Asia Pacific
6.4.1 Asia Pacific market estimates and forecast, 2013 - 2024
6.4.2 Asia Pacific market estimates by product, 2013 - 2024
6.4.3 Asia Pacific market estimates by application, 2013 - 2024
6.4.4 China
6.4.4.1 China market estimates and forecast, 2013 - 2024
6.4.4.2 China market estimates by product, 2013 - 2024
6.4.4.3 China market estimates by application, 2013 - 2024
6.4.5 India
6.4.5.1 India market estimates and forecast, 2013 - 2024
6.4.5.2 India market estimates by product, 2013 - 2024
6.4.5.3 India market estimates by application, 2013 - 2024
6.4.6 Japan
6.4.6.1 Japan market estimates and forecast, 2013 - 2024
6.4.6.2 Japan market estimates by product, 2013 - 2024
6.4.6.3 Japan market estimates by application, 2013 - 2024
6.4.7 Australia
6.4.7.1 Australia market estimates and forecast, 2013 - 2024
6.4.7.2 Australia market estimates by product, 2013 - 2024
6.4.7.3 Australia market estimates by application, 2013 – 2024
6.4.8 Indonesia
6.4.8.1 Indonesia market estimates and forecast, 2013 - 2024
6.4.8.2 Indonesia market estimates by product, 2013 - 2024
6.4.8.3 Indonesia market estimates by application, 2013 – 2024
6.4.9 Malaysia
6.4.9.1 Malaysia market estimates and forecast, 2013 - 2024
6.4.9.2 Malaysia market estimates by product, 2013 - 2024
6.4.9.3 Malaysia market estimates by application, 2013 - 2024
6.5 Latin America
6.5.1 Latin America market estimates and forecast, 2013 - 2024
6.5.2 Latin America market estimates by product, 2013 - 2024
6.5.3 Latin America market estimates by application, 2013 - 2024
6.5.4 Brazil
6.5.4.1 Brazil market estimates and forecast, 2013 - 2024
6.5.4.2 Brazil market estimates by product, 2013 - 2024
6.5.4.3 Brazil market estimates by application, 2013 - 2024
6.5.5 Mexico
6.5.5.1 Mexico market estimates and forecast, 2013 - 2024
6.5.5.2 Mexico market estimates by product, 2013 - 2024
6.5.5.3 Mexico market estimates by application, 2013 - 2024
6.6 MEA
6.6.1 MEA market estimates and forecast, 2013 - 2024
6.6.2 MEA market estimates by product, 2013 - 2024
6.6.3 MEA market estimates by application, 2013 – 2024
6.6.4 South Africa
6.6.4.1 South Africa market estimates and forecast, 2013 - 2024
6.6.4.2 South Africa market estimates by product, 2013 - 2024
6.6.4.3 South Africa market estimates by application, 2013 - 2024
6.6.5 GCC
6.6.5.1 GCC market estimates and forecast, 2013 - 2024
6.6.5.2 GCC market estimates by product, 2013 - 2024
6.3.5.3 GCC market estimates by application, 2013 – 2024
Chapter 7 Company Profiles
7.1 AkzoNobel N.V.
7.1.1 Business Overview
7.1.2 Financial Data
7.1.3 Product Landscape
7.1.4 Strategic Outlook
7.2 Jotun A/S
7.2.1 Business Overview
7.2.2 Financial Data
7.2.3 Product Landscape
7.2.4 Strategic Outlook
7.3 KCC Corporation
7.3.1 Business Overview
7.3.2 Financial Data
7.3.3 Product Landscape
7.4 Hempel A/S
7.4.1 Business Overview
7.4.2 Financial Data
7.4.3 Product Landscape
7.4.4 Strategic Outlook
7.5 Chugoku Marine Paints Ltd.
7.5.1 Business Overview
7.5.2 Financial Data
7.5.3 Product Landscape
7.5.4 Strategic Outlook
7.6 Nippon Paint
7.6.1 Business Overview
7.6.2 Financial Data
7.6.3 Product Landscape
7.6.4 Strategic Outlook
7.7 Kansai Paint Co. Ltd.
7.7.1 Business Overview
7.7.2 Financial Data
7.7.3 Product Landscape
7.7.4 Strategic Outlook
7.8 RPM International Inc.
7.8.1 Business Overview
7.8.2 Financial Data
7.8.3 Product Landscape
7.8.4 Strategic Outlook
7.9 The Sherwin-Williams Company
7.9.1 Business Overview
7.9.2 Financial Data
7.9.3 Product Landscape
7.9.4 Strategic Outlook
7.10 PPG Industries Inc.
7.10.1 Business Overview
7.10.2 Financial Data
7.10.3 Product Landscape
7.10.4 Strategic Outlook
7.11 MCU Coatings International
7.11.1 Business Overview
7.11.2 Financial Data
7.11.3 Product Landscape
7.11.4 Strategic Outlook
7.12 DuPont Coatings & Color Technologies
7.12.1 Business Overview
7.12.2 Financial Data
7.12.3 Product Landscape
7.12.4 Strategic Outlook
7.13 BASF Coatings GmbH
7.13.1 Business Overview
7.13.2 Financial Data
7.13.3 Product Landscape
7.13.4 Strategic Outlook
7.14 Axalta Coating Systems
7.14.1 Business Overview
7.14.2 Financial Data
7.14.3 Product Landscape
7.14.4 Strategic Outlook
7.15 Katradis Marine Ropes Industry S.A.
7.15.1 Business Overview
7.15.2 Financial Data
7.15.3 Product Landscape
7.15.4 Strategic Outlook
7.16 Baril Coatings
7.16.1 Business Overview
7.16.2 Financial Data
7.16.3 Product Landscape
7.16.4 Strategic Outlook
Browse full Table of Content @ https://www.gminsights.com/toc/detail/marine-coatings-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology
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