Marine Coatings Market Forecast 2019 to 2026: By PPG Industries, Inc., Akzo Nobel N.V., Axalta Coatings Systems, Cabot Corporation, Carboline Company, Coolshield International Pty., Ltd

Global Marine Coatings Market report endows with a profound overview of product specification, product type, production analysis, and technology by taking into consideration the major factors such as revenue, cost, and gross margin. What is more, Marine Coatings Market report analyses and provides the historic data along with the current performance of the market. According to this report, key players are taking actions such as developments, product launches, acquisitions, mergers, joint ventures and competitive analysis in the Chemical and Materials industry. This report is a professional and in-depth analysis on the current state of the market and ABC industry.

Marine Coatings Market report also studies the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors with the Porter's Five Forces analysis. The Marine Coatings Market report gives you an exhaustive overview of product specification, technology, product type and production analysis considering major factors such as revenue, costing, and gross margin. The market drivers and restraints have been described thoroughly using SWOT analysis. Thus, the transparent, trustworthy and extensive market information and data included in this report will definitely help develop business and improve return on investment (ROI).

Global Marine Coatings Market is expected to rise from its initial estimated value of USD 3.67 billion in 2018 to an estimated value of USD 6.76 billion by 2026, registering a CAGR of 7.95% in the forecast period of 2019-2026. Increase in demand from the shipbuilding industry for marine coating is the major factor driving the market.

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Key Market Competitors:

Few of the major competitors currently working in marine coating market are

PPG Industries, Inc.,
Akzo Nobel N.V.,
Axalta Coatings Systems,
Cabot Corporation,
Carboline Company,
Coolshield International Pty., Ltd,
Delta T & Protective Products,
Excel Enterprise,
General Coatings Corporation,
Jotun,
Kansai Paint Co., Ltd.,
Lincoln Industries,
Mascoat,
Mathur Corr-Tech Private. Limited.,
Nippon Paint Holdings Co., Ltd.,
NPP Engineering,
Sharpshell Industrial Solutions.

Market Definition:

To protect the ships, tankers, vessels and others from the saline water or fresh water, a type of protective coating is used which is called marine coatings. They are waterproof and are corrosion resistant and abrasion resistant. Film drying and air setting, laser fusing and laser marking, reactive and moisture curing, UV radiation are some of the technologies which are included in the marine coatings. They are used in the substrate made of aluminium, steel, fibres or fabrics, asphalt, bitumen, plastics and others depending on the technology.

Market Drivers:

• Requirement for the repairing and maintenance of the ship is driving the growth of the market

• They are excellent oil, water, chemical and weather resistance.

Market Restraints:

• The strict environmental regulation on the production of the protective coating is restraining the growth of this market.

• Increasing cost of the raw materials is restraining market growth

Segmentation:

By Resin

o Epoxy
o Alkyd
o Polyurethane
o Acrylic
o Polyester
o Fluoropolymer

By Product Type

o Anti- Corrosion Coating
o Antifouling Coating

By Applications

o Cargo Ships
o Passenger Ship
o Boat

By Marine Segment

o Dry Docking
o New Shipbuilding

By End- Use

o Marine
o Oil & Gas
o Industrial
o Construction
o Energy and Power
o Transportation

By Geography

o North America

o South America

o Europe

o Asia-Pacific

o Middle East and Africa

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Key Developments in the Market:

• In May 2017, AkzoNobel announced the launch of their new marine coating app to improve the user experience. The app will help the customers to access Company’s wealth of coating data.

• In November 2018, PPG announced launch of their PPG Novaguard 810 ER coating in U.S. and Canada. It will protect fuel tanks, ballast tanks and internal and external superstructures of tugs and barges. They are solvent- free and amine rapid- cured novolac epoxy coatings.

Competitive Analysis:

Global marine coating 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 coating market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Key Insights in the report:

• Complete and distinct analysis of the market drivers and restraints
• Key Market players involved in this industry
• Detailed analysis of the Market Segmentation
• Competitive analysis of the key players involved

Table of Content: Global Marine Coatings Market

Part 01: Executive Summary

Part 02: Scope of The Report

Part 03: Global Marine Coatings Market Landscape

Part 04: Global Marine Coatings Market Sizing

Part 05: Global Marine Coatings Market Segmentation By Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers And Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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