Press release
Marine Coatings Market Forecasts - US$19 billion revenue by 2024 | Top Players are AkzoNobel, Jotun, Hempel A/S, Sherwin-Williams, PPG Industries
Marine Coatings Market
Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/1142
Rising demand for marine coatings during ship mending and maintenance activities will lead to an upsurge in Marine Coatings Market. These coatings offer a defense against the corrosive marine environment. Along with increasing hull performance, these coatings are as well preferred for enhancing aesthetics. Marine coatings are also important in enhancing the fuel efficiency of a vessel by minimizing the contact of the metal body with the environment. Marine Coatings Market is estimated to witness a CAGR of 7% over the forecast period.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. AkzoNobel
2. Jotun
3. KCC Corporation
4. Hempel A/S
5. Chugoku Marine Paints, Ltd
6. Nippon Paint (Pakistan) (Pvt) Ltd
7. Kansai Paint Co.,Ltd
8. RPM International Inc.
9. Sherwin-Williams
10. PPG Industries
11. MCU Technologies Africa
12. DuPont
13. BASF Coatings (India) Pvt. Ltd.
14. Axalta
15. Katradis Marine Ropes Industry SA
16. Baril Coatings
The marine coatings market is also driven by the increasing needs for low fuel consumption which will further fuel the regular coatings demand. Consumption of fuel, covers approximately a half of the ship's total operating cost and hence needs to be looked after efficiently to boost the marine coatings industry in the future years.
Make an inquiry for buying this report @ https://www.gminsights.com/inquiry-before-buying/1142
The anti-fouling coating product segment covered over 40% of the marine coatings market share in 2015 and will register huge annual growth rate over the coming years of 2016 to 2024. While manufacturing new ships and adding the finishing touches, anti-fouling coatings are prominently used to avoid the lingering of marine organisms over the outer surface of the boat.
On the basis of application, marine coatings market is segmented into containers, coastal, off shore vessels, leisure boats and deep sea vessels. The containers segment is likely to grow with a 7% CAGR and surpass USD 2.5 billion till the end of the forecast span. The coastal applications include coasters, defense ships, offshore supplies, passenger & cargo ferries, and fishing vessels mainly.
The regional segmentation covers:
o Europe Region (Germany, UK, France, Russia, Italy, Rest of Europe)
o North America Region (U.S., Canada, Mexico)
o South America Region (Argentina, Brazil, Columbia, Rest of South America)
o Asia-Pacific Region (China, South Korea, Japan, Southeast Asia, India, Rest of Asia-Pacific)
o The Middle East & Africa Region (UAE, Saudi Arabia, Nigeria, South Africa, Egypt, Rest of MEA)
Asia Pacific marine coatings market is poised to witness healthy growth prospects in the coming years. APAC region, being a large-scale harbor for the shipbuilding industries is witnessing lucrative growth from China, followed by other countries including Japan, Philippines, Taiwan and South Korea. Extensive use of marine coatings to improve longevity and performance of the ship will propel marine coatings industry in this region. China dominated the shipbuilding industry with demand generated over 20 million gross tons in 2015. Europe and North America marine coatings market together accounted for combined share of over 25% in 2015. Asia Pacific market is racing ahead of the others by holding nearly two-third of the overall share.
Some of the biggest players in the marine coatings market are also some of the biggest companies in the chemical industry such as AkzoNobel, BASF and DuPont. Other than these there are companies like PPG Industries which generates the largest revenue in the paints and coatings industry right after AkzoNobel. Companies like Jotun, Hempel, Sherwin-Williams, KCC Corporation, RPM International etc. also account for a large part of the revenue in the marine coatings industry.
Browse complete summary of this research report @ https://www.gminsights.com/industry-analysis/marine-coatings-market
Main Features of the Global Market Research Report:
-The report delivers the market valuation as well as the projected growth rate of the market spanning all years till 2025.
-The report also describes the major drivers of worldwide market by considering as well as taking calculated risks, in tandem with identifying and testing new strategies.
-The research report endorses a detailed industry chain analysis. Also, it covers the production process of market, upstream raw material supplier information, raw material costs, labor costs, manufacturing costs, marketing channels, as well as the downstream buyers of the market.
-The report provides detailed knowledge about the competitive scenario of the global market, and also discusses the numerous marketing strategies adopted by companies to stay ahead in the competition.
-The report analyses the various market segments and also provides their contribution to the development of the global industry.
Browse More News -
Fluorosilicic Acid Market Size: https://www.openpr.com/news/1955832/fluorosilicic-acid-market-from-the-water-fluoridation
Tartaric Acid Market Size: https://www.marketwatch.com/press-release/tartaric-acid-market-growth-is-driven-by-accelerated-demand-for-processed-food-2020-01-28
Compressor Oil Market Size: https://www.marketwatch.com/press-release/compressor-oil-market-to-showcase-exponential-growth-rate-over-2019-2025-2020-01-07
Personal Care Ingredients Market Size: https://www.globenewswire.com/news-release/2017/06/28/1029863/0/en/Personal-Care-Ingredients-Market-will-surpass-12bn-by-2024-Global-Market-Insights-Inc.html
Bitumen Market Size: https://www.prnewswire.com/news-releases/bitumen-market-value-to-hit-116-billion-by-2026-global-market-insights-inc-300967401.html
Contact Us
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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 Marine Coatings Market Forecasts - US$19 billion revenue by 2024 | Top Players are AkzoNobel, Jotun, Hempel A/S, Sherwin-Williams, PPG Industries here
News-ID: 1958449 • Views: …
More Releases from Global Market Insights, Inc.
Hepatitis B Vaccine Market Set to Surpass $12 Billion by 2034
The global hepatitis B vaccine market is poised for significant expansion over the next decade, fueled by rising liver disease cases, expanded immunization coverage, and advancements in vaccine development. Valued at USD 6.7 billion in 2024, the market is projected to reach USD 7.3 billion in 2025 and surge to USD 12 billion by 2034, reflecting a healthy compound annual growth rate (CAGR) of 5.7%.
A major driver behind this growth…
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
More Releases for Marine
Marine Fender Market Hits New High | Major Giants Bridgestone Corporation, Fende …
HTF MI recently introduced Global Marine Fender Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2025-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence.
Major companies in Marine Fender Market are:
Acir Marine (United States), Bridgestone Corporation (Japan), Fendercare Marine (United Kingdom), Maha Tech Asia Pte Ltd…
Marine Lighting Market Forecasted for Strong Growth from 2025 to 2032 | Phoenix …
The marine lighting market is estimated to be valued at USD 449.8 Mn in 2025 and is expected to reach USD 654.3 Mn by 2032, growing at a compound annual growth rate (CAGR) of 5.5% from 2025 to 2032.
A new report from CoherentMI, titled "Marine Lighting Market 2025-2032," offers an in-depth examination of the industry, including valuable insights into the Marine Lighting Market's performance. The report covers competitor dynamics, regional…
Marine Switchboards Market | ABB, Atlas Marine Systems, Clean Marine Switchboard …
The global marine switchboards market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the marine switchboards market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth of the…
Marine Asset Management Services Market Boosts Massive Revenue by 2030| Oceanic …
The latest study released on the Global Marine Asset Management Services Market by GMV Research evaluates market size, trend, and forecast to 2030. The Marine Asset Management Services market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities, and upcoming challenges and about…
Marine Doors market: Players tapping Emerging Markets | MML Marine, Baier, Freem …
"The global Marine Doors Market is carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is specially prepared to explore key aspects of the global Marine Doors Market. For instance, the market dynamics section digs deep into the drivers, restraints, trends, and opportunities of the global…
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…
