Marine Coatings Market to Gain a Stronghold by 2022
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.
Request Report for TOC @ https://www.persistencemarketresearch.com/toc/10178
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 dry-docking 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.
On the basis of chemical base, the global marine coatings market is divided into:
Epoxy based coatings
Polyurethane based coatings
Water based & low VOC’s based coatings
On the basis of product type, global marine coatings market is divided into:
Others (barrier coatings, cargo tank coatings)
On the basis of application, global marine coatings market is divided into:
Offshore civil structures
Others (cruise liners)
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.
Request to Sample Report @ https://www.persistencemarketresearch.com/samples/10178
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.
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
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Persistence Market Research
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Marine Coatings Market to Gain a Stronghold by 2022 here
News-ID: 1023573 • Views: 165
More Releases from Persistence Market Research pvt ltd
Osteoarthritis Treatment Market Analysis By 2025 | Top Key Players are Johnson & …
Persistence Market Research (PMR) has published a new research report on the osteoarthritis treatment market titled “Osteoarthritis Treatment Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025).” An alarming rise in the number of osteoarthritis cases is the result of a growing geriatric population worldwide. In order to cater to the needs of the rapidly increasing geriatric population as well as the female population – given that osteoarthritis prevails mostly among
Soft Tissue Repair Market Opportunity By 2024 | Top Key Players are Baxter, B. B …
Soft tissue repair is a process of replacement of destroyed or injured tissue by healthy tissue. One of the key factors driving the market is the rise in a number of accidents and accidental injuries. This is leading to the soft tissue injuries in ligaments, muscle, and tendons. Soft tissue injuries are being treated with soft tissue fixation devices and scaffolds. Increasing number of sports injuries is also driving the
Biosensor Market Forecast By 2020 | Top Key Players are Abbott Laboratories, Inc …
According to a new market report published by Persistence Market Research “Global Market Study on Biosensor: Asia-Pacific to Witness Highest Growth by 2020,” the global biosensor market was valued at USD 12,963.6 million in 2014 and is expected to grow at a CAGR of 9.7% from 2014 to 2020, to reach an estimated value of USD 22,551.2 million in 2020. To know key findings Request Sample Report @: https://www.persistencemarketresearch.com/samples/3589 Globally, the
Growing Usage in Non-medical Sectors to Create Promising Prospects for Medical & …
Persistence Market Research has estimated the global market for medical & industrial gloves at US$ 12,868.6 Mn by the end of 2026, exhibiting robust expansion at a CAGR of 7.9% over 2018–2026. According to the latest market outlook released by the company, the global Medical & Industrial Gloves Market holds promising growth prospects over the next eight years. The market will benefit from multiple innovations through intense research and
More Releases for APEJ
Dimethylolpropionic Acid (DMPA) Market: APEJ to Remain Largest Consuming
Future Market Insights (FMI) delivers key insights on the global dimethylolpropionic acid market in its upcoming report titled “Dimethylolpropionic Acid (DMPA) Market: Global Industry Analysis and Opportunity Assessment 2015–2020”. The global Dimethylolpropionic Acid (DMPA) market is projected to expand at a CAGR of over 8% during the forecast period (2015–2020), largely due to increasing demand for polyurethane dispersions, regarding which FMI offers vital insights in detail in this report. On the
Card Printing Ribbon Market APEJ to Spearhead
According to a new study by Transparency Market Research (TMR), the business landscape in the global card printing ribbon market is highly competitive. Zebra Technologies, Entrust Datacard Corp., IdentiSys Inc., HID Global Corp., Evolis SA, NBS Technologies Inc., AlphaCard, Unicard Systems Pty. Ltd., Dai Nippon Printing Co. Ltd., and Idp Corp. are some of the leading players in this market. They are likely to focus on mergers and acquisitions in
Infrared Detectors Market APEJ Will remain an Highly Attractive
A recent report published by Transparency Market Research (TMR) reveals that the global infrared detectors market is set to soar at a CAGR of 8.9% during the forecast period (2017-2022). Increasing use of infrared detectors in industrial and manufacturing applications is likely to boost the global demand for infrared detectors during the forecast period. At the same time, infrared detectors are gaining momentum as a highly significant security apparatus. Moreover,
Rigid Food Containers Market APEJ to Remain Largest
The global rigid food containers market is projected to register a moderate 4 % CAGR throughout the forecast period (2017-2022), according to a new study by Future Market Insights (FMI). The report estimates the global rigid food containers market to surpass revenues worth US$ 80,000 Mn by 2022-end. Key Takeaways from FMI’s Report on Global Rigid Food Containers Market Rigid food containers will continue to find the largest applications in ready-to-eat food
Shrimp Market APEJ to Dominate the Global
Future Market Insights’ new report titled “Shrimp Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” studies the overall performance of the highly competitive global shrimp market for the assessment period of 10 years. The global shrimp market is anticipated to expand at a significant CAGR over the forecast period and APEJ is likely to dominate the market by grabbing maximum revenue share during the assessed 10 year period. Revenue from
Aquafeed Market APEJ to Remain Dominant in Regional
A US$ 50 Bn market, the global aquafeed market has been largely concentrated in the APEJ region for over two decades, owing to a large supply of fresh water in the region and a thriving aquaculture market. While North America will continue to witness significant growth during the forecast period, the MEA market is slated to display great potential in the coming years, owing to a cheap labour force and