Marine Coatings Market | Global Trends, Growth and Key Companies Analysis –BASF Coatings GmbH, AkzoNobel N.V., Jotun A/S, KCC Corporation, Hempel A/S, Chugoku Marine Paints Ltd, Nippon Paint, Kansai Paint Co. Ltd., RPM International Inc, The Sherwin-Wil

MarketStudyReport.com Adds New Marine Coatings Market report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, companies active in the industry and forecasts for the coming years.

Asia pacific will hold sway the global marine coatings market with nearly two-third of the overall share in 2015. This heavily active shipbuilding industry in countries such as China, South Korea, Japan, and Philippines signify the growing demand in this region.

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Prominent contributors such as AkzoNobel N.V., Jotun A/S, KCC Corporation, Hempel A/S, Chugoku Marine Paints Ltd, Nippon Paint, Kansai Paint Co. Ltd., RPM International Inc, The Sherwin-Williams Company, PPG Industries Inc, MCU Coatings International, DuPont Coatings & Color Technologies, BASF Coatings GmbH, Axalta Coating Systems, Katradis Marine Ropes Industry S.A., Baril Coatings.

Marine Coatings Market size is slated to reach USD 15 billion by the end of 2024. Asia Pacific shipbuilding industry, led by China, will be the principal driver for the global marine coatings market in the forecast spell. In 2015, China shipbuilding industry registered over 20 gross tons, followed by other countries of the region including Japan, South Korea, Philippines, and Taiwan. Mandatory use of the products to enhance the performance and longevity of the ship will promote the application of good quality and environment friendly coatings, hence boosting the overall industry in the coming years.

Anti-corrosion coatings, used to prevent rusts on the hull body, garnered a significant market share in 2015, registering a revenue beyond USD 3 billion and will witness a healthy growth at over 6% CAGR up to 2024.

Marine coatings in coastal applications generated over USD 3 billion in 2015. Manufacturing and overhauling activities of tugs, dredgers, offshore supply boats, passenger boats, cargo ferries, defense ships, fishing vessels, and coasters signify the application segment.

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Marine coatings in coastal applications generated over USD 3 billion in 2015. Manufacturing and overhauling activities of tugs, dredgers, offshore supply boats, passenger boats, cargo ferries, defense ships, fishing vessels, and coasters signify the application segment.

Table of Content:

Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Marine Coatings Industry Insights
Chapter 4 Marine Coatings Industry Product Insights
Chapter 5 Marine Coatings Industry Application Insights
Chapter 6 Marine Coatings Industry Regional Insights
Chapter 7 Company Profiles

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Related Report:

United States Protective & Marine Coatings Market Report 2018

In this report, the United States Protective & Marine Coatings market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.

https://www.marketstudyreport.com/reports/united-states-protective-marine-coatings-market-report-2018/?utm_source=RR-PSR

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