openPR Logo
Press release

APAC Marine Coating Market to rise at 7% CAGR by 2024: BASF, Hempel A/S, Chugoku Marine Paints Ltd., Jotun, Kansai Paint Co. Ltd, Nippon Paint Holdings Co., Ltd, KCC Corporation and PPG Industries

01-09-2019 05:30 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Graphical Research

/ PR Agency: Asia Pacific Marine Coating Market
Asia Pacific Marine Coating Market

Asia Pacific Marine Coating Market

Asia Pacific Marine Coating Market size is set to surpass USD 12 billion by 2024. Foul release coatings projected to be the fastest growing segment in the overall marine coating market during the forecast timeframe. Growing shipbuilding and ship repair & maintenance activities in the region shall propel the marine coating market growth in next few years. China is the largest producer and consumer of marine coating in Asia Pacific, owing to its increasing global trade and defense expenditure.

The research report “APAC Marine Coating Market analysis based on Product, Application, Industry Analysis Report, Country Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024” by Graphical Research.

Request for a sample of this research report - https://www.graphicalresearch.com/request/1036/sample

Marine coatings would prevent the growth of microorganisms, which adds to the frictional drag in vessels. Increased frictional drag would result in a higher fuel consumption, leading to higher CO2 emissions in the atmosphere. Thus, the increasing need for fuel saving and low-emission coatings from the consumers is driving the Asia Pacific marine coatings market. An unprecedented boom in the shipbuilding industry in Asia Pacific resulted in many new shipbuilding projects.

Volatility in raw material prices is one of the major factors hampering the growth of the market in the past few years. Raw materials represent the largest element of the marine coatings market. Thus, an increase in the cost of any key element can significantly impact the profitability.

Key applications of marine coatings include vessels, tank and containers, cargo ships, offshore vessels, tugs, yacht, and boats. Major end-user industries involved in the industry are commercial, transportation, military, and leisure boats. Considering the increasing demand for eco-friendly marine coatings globally, technological developments are key to the growth of the market. New coating technologies would enable fuel savings, reduce carbon dioxide emissions, translating into tradable carbon credits with a cash value.

Browse key industry insights from this 2018 report Asia Pacific Marine Coating Market in detail along with the table of contents at:
https://www.graphicalresearch.com/industry-insights/1036/asia-pacific-marine-coatings-market

The marine coating market is diverse and includes giant multi-national players. The marine coating industry has some chief global players including BASF SE, Akzo Nobel N.V., Hempel A/S, Chugoku Marine Paints Ltd., Jotun A/S, Kansai Paint Co. Ltd, Nippon Paint Holdings Co., Ltd, KCC Corporation, PPG Industries and MCU Coatings International.

Segments We Cover:

Marine coating market by product
Anti-fouling coating
Anti-corrosion coating
Foul release coating
Others

Marine coating market by application
Coastal
Containers
Deep see
Leisure boats
Offshore vessels
Others

The above information is provided on a regional and country basis for the following:
China
India
Japan
Australia
Indonesia
Malaysia

Make an inquiry for purchasing this report @ https://www.graphicalresearch.com/request/1036/inquiry-before-buying

About Graphical Research:

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

Contact Us:

Parikhit B.
Corporate sales,
Graphical Research
Email: sales@graphicalresearh.com
Web: https://www.graphicalresearch.com/

This release was published on openPR.

Permanent link to this press release:

Copy
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 APAC Marine Coating Market to rise at 7% CAGR by 2024: BASF, Hempel A/S, Chugoku Marine Paints Ltd., Jotun, Kansai Paint Co. Ltd, Nippon Paint Holdings Co., Ltd, KCC Corporation and PPG Industries here

News-ID: 1481005 • Views:

More Releases from Graphical Research

Medical Oxygen Concentrators Market is Moving Fast! | Major Key Companies are Co …
An analysis of medical oxygen concentrators market has been provided in the latest report introduced by Graphical Research that primarily focuses on the market trends, demand spectrum, and prospects of this industry over the forecast period. Furthermore, the report provides a detailed statistical overview in terms of trends outlining the geographical opportunities and contributions by prominent industry share contenders. Evidence suggests that oxygen concentrators are not only a cost-effective solution
Why the Hand Sanitizer Market Is Set To Explode? | Key Players are 3M, Best Sani …
The global hand sanitizer market share is expected to gain immense traction over the forecast spell, owing to the rising impact of the COVID-19 pandemic. COVID-19, an infectious disease caused by the SARS-CoV-2 virus, is spreading across the globe at a rapid pace. This pandemic has created an unprecedented public health crisis and has, in turn, triggered several initiatives by healthcare providers worldwide to curb further impact. Regulatory authorities and
Guidewires Market: What are the Future Growth Opportunities? Top Players: Stryke …
The global guidewires market is slated to witness an upward trend over the next few years, fueled by the growing popularity of minimally invasive procedures. Guidewires are an important piece of medical equipment designed and developed to provide reliability, flexibility, and improved performance during surgical procedures. Since their introduction, the technology has evolved rapidly and is constantly finding its way into new applications. A guidewire is a wire used to
Yeast Extract Market 2021 Emerging Trends || Leading Players Kerry Group, Lesaff …
A comprehensive research study on yeast extract market introduced by Graphical Research provides insights into the market size and growth trends of this industry over the forecast timeline. The study evaluates key aspects of market in terms of the demand landscape, driving factors and growth strategies adopted by market players. Yeast extract market is expected to show steady growth in the coming years and below are the key trends enhancing

All 5 Releases


More Releases for Marine

Ocean Engineering Equipment Market Business Opportunities 2026 - Top Companies a …
The Ocean Engineering Equipment Market research added by UpMarketResearch.com, offers a comprehensive analysis of growth trends prevailing in the global business domain. This report also provides definitive data concerning market, size, commercialization aspects and revenue forecast of the industry. In addition, the study explicitly highlights the competitive status of key players within the projection timeline while focusing on their portfolio and regional expansion endeavors. Request Exclusive Free Sample PDF of This
Marine Cranes Market Reviews and Statistics 2020 - DMW Marine, Heila Cranes, Eff …
An extensive study of the product application and services conducted by subject matter experts assessing the global Marine Cranes market will help product owners to make a wise decision. The latest research report on Marine Cranes market for the forecast period, 2020 - 2025 is involved in screening the business environment and the companies operating in the Marine Cranes industry. Importantly, the research sheds a lot of light on their winning
Marine Trailers Market by Key Players Insights - Owens & Sons Marine, EZ LOADER, …
Marine Trailers Market: Introduction Marine Trailers are supportive equipment used to tow or carry personal, commercial or marine boats from one place to another. Marine trailers are prominently gaining demand in personal use due to the growing hiking and adventurous activity among millennials. Personal boats need to be carried from respective individual houses or residential places to the activity area. With the growing needs of urban population, the marine trailers market
Marine Seats Market | Spreading Key players - Wise Seats, Moeller Marine Product …
Global Marine Seats Market, 2018-2023, is a market research report by KD Market Research that offers extensive and highly detailed current and future market trends in the global and regional/market. The report offers market size and structure of the overall industry based upon a unique combination of industry research, fieldwork, market sizing analysis, and our in-house expertise. Global Marine Seats Market was held at USD XXX Million in 2017 and is expected
Marine Big Data Market - Information Provided by Marine Big Data Considered Indi …
Considering big data analytics in the marine sector is an upcoming technology, the global marine big data market is poised to witness a highly competitive environment. As the market is at a booming phase, Transparency Market Research (TMR) forecasts strong growth for in a new study. “In order to emerge at fore, a majority of the market players are focusing on product differentiation,” said a lead TMR analyst. “In consequence
Global Ship Crane Market Forecast 2018-2025 Allied Marine Crane, Appleton Marine …
Recently added detailed market study "Global Ship Crane Market" examines the performance of the Ship Crane market 2018. It encloses an in-depth Research of the Ship Crane market state and the competitive landscape globally. This report analyzes the potential of Ship Crane market in the present and the future prospects from various angles in detail. The Global Ship Crane Market 2018 report includes Ship Crane market Revenue, market Share, Ship Crane