Marine Coatings Market Expected to Grow at 3.93 Billion In Revenue by 2022

According to Market Study Report, Marine Coatings Market provides a comprehensive analysis of the Marine Coatings Market segments, including their dynamics, size, growth, regulatory requirements, technological trends, competitive landscape, and emerging opportunities of global industry. This report also provides market landscape and market share information in the Marine Coatings Market.

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The Marine Coatings Market is estimated to be USD 3.31 Billion in 2017 and is projected to reach USD 3.93 Billion by 2022, at a CAGR of 3.50% from 2017 to 2022. This report spread across 142 Pages, Profiling 10 Companies and Supported with 125 Tables and 28 figures is now available in this research.

Top Companies profiled in the Marine Coatings Market:
-PPG Industries (US)
-AkzoNobel (Netherlands)
-Hempel (Denmark)
-Sherwin-Williams (US)
-Jotun (Norway)
-Chugoku Marine Paints (Japan)
-Nippon Paint (Japan)
-Kansai Paint (Japan)
-Axalta (US)
-BASF Coatings (Germany)

Anti-corrosion coatings are the most widely used type of marine coatings as they enhance the life as well as quality of structures or surfaces, wherein they are applied. Anti-corrosion coatings are passive corrosion-resistant products. These coatings isolate surfaces from aggressive corrosive agents such as moisture, salts, and acids.

Epoxy marine coatings are widely used in the shipbuilding industry due to their anti-corrosion properties. These coatings prevent corrosion in those parts of ships that are continuously exposed to seawater and ultraviolet (UV) rays. This results in an increased demand for epoxy marine coatings from the shipping industry, thereby leading to the growth of the epoxy segment of the marine coatings market.

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The marine coatings market has been studied in North America, Europe, Asia Pacific, South America, and the Middle East &Africa. The Asia Pacific region is expected to lead the marine coatings market during the forecast period, owing to the increased consumption of marine coatings in emerging economies such as China, India, and South Korea.

Competitive Landscape of Marine Coatings Market:
1 Introduction
2 Market Ranking
3 Competitive Scenario
3.1 New Product Launches
3.2 Expansions
3.3 Mergers & Acquisitions
3.4 Partnerships

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Research Coverage:
This report segments the marine coatings market based on resin, product type, application, and region. It provides estimations for the overall value of the marine coatings market and its sub segments across various regions. A detailed analysis of the key players operating in the marine coatings market has been conducted to provide insights into their businesses, products & services offered by them, key growth strategies adopted by them, and recent developments such as expansions, new product launches, acquisitions, and partnerships undertaken by them.

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This release was published on openPR.