Global Marine Coatings Market Forecast 2017-2025 | Manufacturers Focusing on Development of Eco-friendly Products

Marine coatings are applied on marine vessels, ships, cargo ships, tugs, tanks and containers, offshore vessels, yacht, super yacht, bulk carriers, chemical tankers, and military vessels for functional purposes such as prevention of corrosion, fouling due to microbes, aquatic shelled animals such as mollusks, mussels, etc. Anti-fouling coatings, anti-corrosion coatings, and foul release coatings are the various types of marine coatings available in the market. These coatings are manufactured using various bases or resins such as epoxy, silicone, acrylate, alkyd, urethane etc.

The report estimates and forecasts the marine coatings market on the global, regional, and country levels. The study provides forecast between 2017 and 2025 based on volume (tons) and revenue (US$ Mn) with 2016 as the base year. The report comprises an exhaustive value chain analysis for each of the product segments. It provides a comprehensive view of the market. Value chain analysis also offers detailed information about value addition at each stage. The study includes drivers and restraints for the marine coatings market along with their impact on demand during the forecast period.

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The study also provides key market indicators affecting the growth of the market. The report analyzes opportunities in the marine coatings market on the global and regional level. Drivers, restraints, and opportunities mentioned in the report are justified through quantitative and qualitative data. These have been verified through primary and secondary resources. Furthermore, the report analyzes substitute analysis of marine coatings and global average price trend analysis.

The report includes Porter’s Five Forces Model to determine the degree of competition in the marine coatings market. It comprises qualitative write-up on market attractiveness analysis, wherein products, processes, applications and countries have been analyzed based on attractiveness for each region. Growth rate, market size, raw Process availability, profit margin, impact strength, technology, competition, and other factors (such as environmental and legal) have been evaluated in order to derive the general attractiveness of the market. The report comprises price trend analysis for marine coatings between 2017 and 2025.

Global Marine Coatings Market: Segmentation

The study provides comprehensive view of the marine coatings market by dividing it into product, resin, marine segment, application and geography. The marine coatings market has been segmented by product into anti-fouling coatings, anti-corrosion coatings, foul release coatings and other marine coatings. Based on resin the market is segmented as epoxy, silicone, acrylate, and others. Based on marine segment the market is segmented as dry docking and new shipbuilding. Based on application the market is segmented as coastal, containers, deep sea, leisure boats, offshore vessels, and other applications. The segments have been analyzed based on historic, present, and future trends.

Regional segmentation includes the current and forecast of marine coatings in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). Key countries such as the U.S., Norway, Germany, Netherlands, Italy, Turkey, China, South Korea, Japan, ASEAN, South Africa, Mexico, and Brazil have been included in the study. Market segmentation includes amount of marine coatings consumed by product, resin, marine segment, and application in all the regions and countries.

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Global Marine Coatings Market: Competitive Analysis

The report covers detailed competitive outlook that includes market share and profiles of key players operating in the global market. Major players profiled in the report Akzo Nobel N.V., PPG Industries Inc., Jotun A/S, Hempel A/S, Chugoku Marine Paints Ltd. and Sherwin-Williams Company. Company profiles include attributes such as company overview, number of employees, brand overview, key competitors, business overview, business strategies, recent/key developments, acquisitions, and financial overview (wherever applicable).

Secondary research sources that were typically referred to include, but were not limited to company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings. Other sources such as internal and external proprietary databases, statistical databases and market reports, news articles, national government documents, and webcasts specific to companies operating in the market have also been referred for the report.

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