Global Marine Coatings Market Analysis 2018 to 2025: Dominated by Netherlands Maritime Technology, BASF Coatings, Axalta Coating Systems, Kansai Paint, Nippon Paint, CHUGOKU MARINE PAINTS, Jotun, Sherwin-Williams, Others

Databridgemarketresearch.com Adds “Global Marine Coatings Market– Industry Trends and Forecast to 2025” To Its Research Database.

Competitive Analysis:

The global marine coatings market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of marine coatings market for global, Europe, North America, Asia Pacific and South America.

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Report Analysis:

The Global Marine Coatings Market is expected to reach USD 12.68 billion by 2025, from USD 8.29 billion in 2017 growing at a CAGR of 5.4% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2016 and the forecast period is 2018 to 2025.

Major Market Drivers and Restraints:

• Increasing shipbuilding activities in Asia Pacific
• New upcoming shipbuilding projects and plans
• Growing in reduction in fuel consumption
• Increased in environmental regulation
• Fluctuating raw material prices

Report Definition:

This market report defines the market trends and forecast the upcoming opportunities and threats of global marine coatings market in the next 8 years. Marine coatings are protective coating mostly used in marine environment to protect ships, vessels, tankers etc. The main purpose of using marine coating is to provide superior protection from corrosion and abrasion to the surfaces to which it is applied. There are four types of marine coating such as anti-fouling coatings, anti-corrosion coatings, foul release coatings, self-cleaning and self-polishing coatings.

In Jul 2017,Eclora, started the new series of non-toxic & anti-fouling grapheme enhanced marine coatings in order to control the growth of marine organisms and reduce fuel consumption of vessels.

In Oct 2017, Hempel launched two new premium antifouling coatings – Globic 9500M and Globic 9500S for the reduction in speed loss, fuel savings of 2.5%, along with the reduction in CO2 emissions and also to improve the operational efficiency of a vessel. They are now focusing on developing antifouling coatings. It will affect to decrease maintenance costs and increase vessel efficiency.

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Top Key Competitors:

• PPG Industries
• AkzoNobel
• Hempel
• Sherwin-Williams
• Jotun
• Chugoku Marine Paints
• Nippon Paint
• Kansai Paint
• Axalta
• BASF Coatings
• ACA
• Netherlands Maritime Technology
• Coating & Paint.com
• UAE Ports & Shipping Directory
• International Paint Marine
• Among others

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Report Segmentation:

Based on the product type:

• Anti-Corrosion Coatings
• Antifouling Coatings

On the basis of resin:

• Epoxy
• Alkyd
• Polyurethane
• Others

On the basis of application:

• Cargo Ships
• Passenger Ships
• Boats
• Others

Based on geography:

• North America
• South America
• Europe
• Asia-Pacific
• Middle East & Africa

Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.

This Report Consists of:

• No of pages: 350
• No of Figures: 60
• No of Tables: 220

Frequently Asked Questions:

• What will the market size be in 2025?
• What are the key factors driving the global market?
• What are the challenges to market growth?
• Who are the key players in the market?
• What are the market opportunities and threats faced by the key players?
• What will be the growth rate in 2025?
• Which strategies are used by top players in the Global Marine Coatings Market?

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