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Marine Coatings Global Market Analysis Focusing on Top Key Players – Axalta, NIPPON PAINT CO., LTD., Kansai Paint Co.,Ltd, PPG Industries, AkzoNobel, Hempel, Sherwin-Williams, Jotun, Chugoku Marine Paints, Ltd, UAE Shipping Directory
Press release from: Data Bridge Market Research
The Marine Coatings Market report provides with CAGR value fluctuation during the forecast period of 2018-2025 for the Global Marine Coatings Market. The report consists of all the detailed profiles for the Marine Coatings Market major manufacturers and importers who are influencing the market. The Marine Coatings Market is changing because of the key players and brands which make moves like developments, product launches, joint ventures, merges and accusations that in turns changes the view of the global face of Chemical and Materials industry. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces 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.
Some of the major players operating in the global marine coatings market are - 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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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
Market Segmentation: Global Marine Coatings Market
Based on the product type:
• Anti-Corrosion Coatings
• Antifouling Coatings
On the basis of resin:
On the basis of application:
• Cargo Ships
• Passenger Ships
Based on geography:
• North America
• South America
• 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.
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Market Analysis: Global Marine Coatings Market
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.
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.
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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